The broader markets ended higher today with the S&P BSE MidCap and SmallCap indices settling 0.2 per cent and 0.43 per cent up, respectively

tocks, markets, stock market, broker, trader

<div>
	<strong>Stock market updates:</strong>&nbsp;A sharp downtick in private bank and IT stocks dragged the domestic indices lower on Tuesday even as PSU banks and metal stocks continued their northward march. From its fresh record high level of 52,517, hit earlier today, the S&P BSE Sensex tanked 650 points to hit a low of 51,864. The index, however, settled at 52,104 levels, down 50 points or 0.1 per cent.</div>
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<div>
	The NSE&#39;s Nifty50, on the other hand, managed to hold the 15,300 level and ended at 15,313, down 1.25 points or 0.01 per cent. The index hit fresh lifetime high of 15,432 in the morning trade today.&nbsp;</div>
<br />
<div>
	PowerGrid, ONGC, NTPC, Kotak Mahindra Bank, Maruti Suzuki, and Reliance Industries, up between 1 per cent and 6 per cent, were the top gainers on the Sensex while Tata Steel, Hindalco, and Adani Ports were the additional gainers on the Nifty index. On the downside, Axis Bank, ICICI Bank, Infosys, Eicher Motors, SBI, HUL, and TCS nursed losses on these indices.</div>
<br />
<div>
	The broader markets ended higher today with the S&P BSE MidCap and SmallCap indices settling 0.2 per cent and 0.43 per cent up, respectively.</div>
<br />
<div>
	On the sectoral front, the Nifty IT index turned out to be the worst performer, down 1.6 per cent at close. That apart, the Nifty Bank index (down 0.8 per cent) and the Nifty Private Bank and FMCG indices (down 0.7 per cent each) were the other losers. On the contrary, the Nifty Metal index ended about 3 per cent higher today.</div>
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<div>
	<strong>Global markets</strong></div>
<div>
	Asian shares rallied on Tuesday, setting the stage for world equities to extend their bull run for a 12th consecutive session. MSCI&#39;s broadest index of Asia-Pacific shares outside Japan shot up 0.62 per cent, while Japan&#39;s Nikkei rose 1.4 per cent to a 30-year high.</div>
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<div>
	In Hong Kong, the Hang Seng Index rose 1.4 per cent to hit a 32-month high, while Australia&#39;s S&P/ASX200 gained 0.7 per cent for the session.</div>
<br />
<div>
	In Europe, the pan-European STOXX 600 was up 0.2 per cent while Germany&rsquo;s DAX traded flat.</div>
<br />
<div>
	<em><strong>(With inputs from Reuters)&nbsp; </strong>&nbsp;</em></div>

Sensex ends flat after volatile trade, holds 52k; IT stks dip, metals shine

Business Standard

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Russia-Ukraine War

The year 2022 is coming to an end and a lot has happened that shaped the world in the year. Let's have a look at some of these significant events

In February 2022, Russia attacked Ukraine&amp;#39;s capital, Kyiv, from the north in an attempt to overthrow President Volodymyr Zelensky&amp;#39;s government. In the months following, artillery bombardment and street fighting continued, with Russia seizing multiple cities.

&amp;nbsp;

After a slew of scandals in his term spanning three years, UK Prime Minister Boris Johnson resigned from office in July. Johnson was succeeded by Liz Truss, who took over the office in September.
						
						But after 45 days in the office, she resigned, becoming the shortest-serving PM in UK history. Her budgetary plans, at the centre of which were tax cut plans, had crashed the markets, making her lose the confidence of almost all her own MPs.
						
						In the days that followed, Rishi Sunak took over as Britain&amp;#39;s 57th prime minister and vowed to fix the mistakes made by his predecessor, Liz Truss.

Russia Invades Ukraine

In April, protests began in the nation following a sharp rise in food and fuel costs. Thousands demanded the resignation of now-ousted President Gotabaya Rajapaksa. The people faced long power cuts daily and shortages of basics, including fuel and food. Sri Lanka&amp;#39;s doctors said they were nearly out of life-saving medicines.
						
						Rajapaksa&amp;#39;s government was being blamed for the chronic mismanagement of the country&amp;#39;s finances. In July, protestors stormed Rajapaksa&amp;#39;s home, pushing him to flee the nation before resigning from office.

UK&amp;#39;s political crisis

In September, 22-year-old Iranian girl Mahsa Amini died after being detained for allegedly violating Iran&amp;#39;s laws requiring women to wear a headscarf. Authorities said she died of illness, but her family claimed she fell into a coma after being mistreated by the police. Sources said the police beat Amini with a baton and banged her head against a vehicle. At her funeral on September 17 in Saqez, women protested by ripping off their hijabs. Protests sparked by her demise have since roped in ethnic minorities and even school children. Thousands of women since then have been showing solidarity by cutting their hair and burning their hijabs in public.
						
						Now, the unrest has spread beyond a women&amp;#39;s right to a movement that is calling for an end to theocratic rule. The protests are now the most broadly supported movement in Iran in over four decades.

Sri Lanka economic crisis

In October, Chinese President Xi Jinping was handed a historic third term in office. He became the first leader of the ruling Communist Party after party founder Mao Zedong to get a third term in power.
						
						This came as China&amp;#39;s economy was running out of steam after decades of high growth. Many expect Xi&amp;#39;s third term may see China revert to more old-school economic management, focusing on shoring up the heavy industry and continuing a crackdown on big tech.

Uprising mounts again in Iran

In a historic first, rich countries agreed to pay for losses and damages caused by climate change. For 30 years, developing nations have been calling for developed countries to compensate for the costs of climate disasters caused by climate change. And rich nations that caused the pollution resisted the demand. But this changed in 2022.

Chinese President Xi Jinping starts record third term in power

In 2022, inflation was rising worldwide, with food and energy prices hitting record highs. The hike was mainly driven by pent-up consumer demand after the pandemic and Russia&amp;#39;s invasion of Ukraine. As the pandemic waned, people wanted to return to normalcy and spend more. This led to companies demanding higher prices. Companies also hired more to serve the pent-up demand. They had to increase wages to attract workers and raise prices to compensate for that.

A landmark deal UN Climate Change Conference (COP27)

In September, Queen Elizabeth II, Britain&amp;#39;s longest-serving monarch, died at 96 after reigning for 70 years. Many said her death would mark a turning point for commonwealth nations as many may disassociate themselves.

The global economy at crossroads

In October, Brazil&amp;#39;s former president, Luiz In&amp;aacute;cio Lula da Silva beat Jair Bolsonaro in the country&amp;#39;s closest presidential race in history. Silva&amp;#39;s win marked Latin America&amp;#39;s shift to the left and pointed to an extraordinary comeback for a man in jail for corruption three years ago.

Queen Elizabeth II dies

In October, billionaire Elon Musk closed his $44 billion deal to buy Twitter after months of dilly-dallying, drama and a lawsuit. The Tesla owner&amp;#39;s Twitter takeover is also one of the biggest tech acquisitions of all time. May fear that Musk&amp;#39;s takeover may turn the social media giant into a hotbed of hate speech.
					
						&amp;nbsp;

Brazil elections

Google Messages

In January, Google rolled out end-to-end encryption in group chats for messages app users enrolled in the beta programme

Blend launches Blend Studio: AI tool for ecommerce photography

New Delhi [India], March 16 (ANI/PNN): Blend, an AI-powered design and photography application for DTC brands and ecommerce sellers, recently launched Blend Studio - the Chat GPT for product photos.

Celebrity and Travel Photographer Rahul Lokare from Flamingo Productions creates waves of change in the world of photography.

Xiaomi 13 Pro

Priced at Rs 79,999 for the 12GB RAM and 256GB on-board storage, the Xiaomi 13 Pro offers a novel imaging experience on top of a premium package

MARKET CLOSING COMMENT :: Vinod Nair, Head of Research at Geojit Financial Services

<div>
	Market, though volatile, kept its momentum during the morning hours, however, failing to hold on to it due to a weak opening of European markets. The downfall was aggravated by private banks, IT and FMCG stocks while mid and small caps continued their outperformance. Increased interest was seen in PSU Banks as the government shortlisted four banks for privatisation. The Indian market has been absorbing the global trend these days and we expect that to continue due to the lack of any major domestic event</div>
<div>
	&nbsp;</div>

TECH VIEW :: Ashis Biswas, Head of Technical Research, CapitalVia Global Research

<div>
	Nifty 50 Index is still holding above the support level of 15250. It is critical to sustaining above the 15250 Nifty50 Index level to keep the short-term positive trend intact. It has observed volatility to expand in today&rsquo;s trading session indicating profit booking and stock distribution at a higher market level. Investors should buy on a breakout of 15370 and look for an exit around 15520. Overall, the investor should maintain a stop at 15250.</div>

TECH VIEW :: Rohit Singre, senior technical analyst at LKP Securities

<div>
	Index opened a day with gains but unable to hold the gains for long and witnessed a profit booking and closed a day on flattish at 15318. Though after spike in volatility index managed to hold above the important support which is at 15250, going forward also it will act as immediate support followed by 15100 odd levels holding above said levels we may see current momentum to extend further towards immediate hurdle zone of 15400-15500 zone</div>
<div>
	&nbsp;</div>

MARKET CLOSING COMMENT :: S Ranganathan, Head of Research at LKP Securities

<div>
	While the closing today may not be reflective of the day&#39;s action, the street went berserk on Metals &amp; Public Sector Enterprises. Despite bouts of profit booking throughout the day, the resurgence of corporate earnings coupled with continued FPI flows kept the bullish undertone intact</div>

Market stats :: Market breadth remains around 1:1.5 in favour of declines

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Stocks that dragged the Sensex lower today

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<div>
	The S&amp;P BSE Sensex settled at 52,104 levels, down 50 points or 0.1 per cent.</div>
<div>
	&nbsp;</div>
<div>
	The NSE&#39;s Nifty50, on the other hand, managed to hold the 15,300 level and ended at 15,313, down 1.25 points or 0.01 per cent.&nbsp;</div>

Amid RIL deal woes, Future's creditors scramble over $2.5-bn loans: Report

Future may face liquidation if the deal, already mired in legal wrangling, falls through and banks are actively discussing an alternate one-time restructuring option that could include an easier repayment tenure and fresh capital infusion, the people said on condition of anonymity as the talks are private. <a href="https://www.business-standard.com/article/companies/amid-ril-deal-woes-future-s-creditors-scramble-over-2-5-bn-loans-report-121021600567_1.html?1613468774" target="_blank"><strong>READ MORE</strong></a>

After rally, steel and iron ore on course correction led by higher supplies

The correction in prices started in the middle of January, with secondary steel producers dropping drop long product prices by Rs 7,000-8,000 a tonne; primary producers followed in February with a reduction of Rs 2,000-3,500 a tonne. <a href="https://www.business-standard.com/article/companies/after-rally-steel-and-iron-ore-on-course-correction-led-by-higher-supplies-121021600605_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2020-10/24/full/1603521611-9129.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
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<table border="1" cellpadding="1" cellspacing="1" class="table-txt-right" style="text-align: right; color: rgb(0, 0, 0); font-family: Arial, Helvetica, sans-serif; font-size: 14px;width: 620px" width="100%">
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			<th class="tdh tdL" scope="row" style="box-sizing: border-box; font-weight: 700; text-transform: uppercase; font-family: Roboto; font-size: 13px; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-align: left !important;">
				Company</th>
			<th class="tdh" scope="col" style="box-sizing: border-box; font-weight: 700; text-transform: uppercase; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px;">
				PRICE(rs)</th>
			<th class="tdh" scope="col" style="box-sizing: border-box; font-weight: 700; text-transform: uppercase; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px;">
				CHG(%)</th>
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	</thead>
	<tbody style="box-sizing: border-box;">
		<tr style="box-sizing: border-box;">
			<th class="tdL" scope="row" style="box-sizing: border-box; font-family: Roboto; font-size: 13px; font-weight: 700; text-transform: uppercase; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-align: left !important;">
				<a href="https://www.business-standard.com/company/18844" style="box-sizing: border-box; color: rgb(0, 0, 0); text-decoration-line: none; outline: 0px; font-weight: 400; text-transform: capitalize !important;">Info Edg.(India)</a></th>
			<td class="red-txt" style="box-sizing: border-box; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-transform: uppercase; color: rgb(224, 46, 46) !important;">
				5119.80</td>
			<td class="red-txt" style="box-sizing: border-box; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-transform: uppercase; color: rgb(224, 46, 46) !important;">
				-7.25</td>
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		<tr style="box-sizing: border-box;">
			<th class="tdL" scope="row" style="box-sizing: border-box; font-family: Roboto; font-size: 13px; font-weight: 700; text-transform: uppercase; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-align: left !important;">
				<a href="https://www.business-standard.com/company/70921" style="box-sizing: border-box; color: rgb(0, 0, 0); text-decoration-line: none; outline: 0px; font-weight: 400; text-transform: capitalize !important;">Dalmia BharatLtd</a></th>
			<td class="red-txt" style="box-sizing: border-box; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-transform: uppercase; color: rgb(224, 46, 46) !important;">
				1398.20</td>
			<td class="red-txt" style="box-sizing: border-box; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-transform: uppercase; color: rgb(224, 46, 46) !important;">
				-5.07</td>
		</tr>
		<tr style="box-sizing: border-box;">
			<th class="tdL" scope="row" style="box-sizing: border-box; font-family: Roboto; font-size: 13px; font-weight: 700; text-transform: uppercase; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-align: left !important;">
				<a href="https://www.business-standard.com/company/13872" style="box-sizing: border-box; color: rgb(0, 0, 0); text-decoration-line: none; outline: 0px; font-weight: 400; text-transform: capitalize !important;">Suzlon Energy</a></th>
			<td class="red-txt" style="box-sizing: border-box; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-transform: uppercase; color: rgb(224, 46, 46) !important;">
				5.58</td>
			<td class="red-txt" style="box-sizing: border-box; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-transform: uppercase; color: rgb(224, 46, 46) !important;">
				-4.94</td>
		</tr>
		<tr style="box-sizing: border-box;">
			<th class="tdL" scope="row" style="box-sizing: border-box; font-family: Roboto; font-size: 13px; font-weight: 700; text-transform: uppercase; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-align: left !important;">
				<a href="https://www.business-standard.com/company/24608" style="box-sizing: border-box; color: rgb(0, 0, 0); text-decoration-line: none; outline: 0px; font-weight: 400; text-transform: capitalize !important;">Varun Beverages</a></th>
			<td class="red-txt" style="box-sizing: border-box; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-transform: uppercase; color: rgb(224, 46, 46) !important;">
				898.90</td>
			<td class="red-txt" style="box-sizing: border-box; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-transform: uppercase; color: rgb(224, 46, 46) !important;">
				-4.74</td>
		</tr>
		<tr style="box-sizing: border-box;">
			<th class="tdL" scope="row" style="box-sizing: border-box; font-family: Roboto; font-size: 13px; font-weight: 700; text-transform: uppercase; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-align: left !important;">
				<a href="https://www.business-standard.com/company/70961" style="box-sizing: border-box; color: rgb(0, 0, 0); text-decoration-line: none; outline: 0px; font-weight: 400; text-transform: capitalize !important;">Indian Energy Ex</a></th>
			<td class="red-txt" style="box-sizing: border-box; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-transform: uppercase; color: rgb(224, 46, 46) !important;">
				278.90</td>
			<td class="red-txt" style="box-sizing: border-box; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-transform: uppercase; color: rgb(224, 46, 46) !important;">
				-4.13</td>
		</tr>
	</tbody>
</table>
<a class="more-btn Tright mT5" display:="" font-size:="" font-style:="" href="https://www.business-standard.com/stocks/market-statistics/bse/top-losers?indices=21552" new="" right="" style="box-sizing: border-box; color: rgb(0, 0, 0); text-decoration-line: none; outline: 0px; margin-top: 15px; font-family: Georgia, " text-align:="" times="">&raquo; More on Top Losers</a>

UK PM Johnson warns no 'cast iron' guarantee over lifting Covid-19 lockdown

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BUZZING STOCK :: Power Grid shares hit fresh 52-week high

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From Goldman Sachs to ICICI Sec: Why brokerages are bearish on Voda Idea

Vodafone Idea&#39;s (Vi) December quarter results failed to budge brokerages into changing their bearish stance on the stock, even as the telecom operator reported narrowing of losses during the quarter under review. The debt-ridden telecom firm, on Saturday, reported narrowing of consolidated loss to Rs 4,532.1 crore in Q3FY21, mainly on account of a one-time gain from stake sale in Indus Towers. <a href="https://www.business-standard.com/article/markets/from-goldman-sachs-to-icici-sec-why-brokerages-are-bearish-on-voda-idea-121021600649_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Sector Watch :: BSE IT index drops 1%, worst sectoral performer

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Market Update :: Broader markets outperform Sensex

BSE Midcap index was trading 0.17% higher while BSE Smallcap index was up 0.28%. BSE Sensex was down 0.16% in late afternoon session&nbsp;

Pandemic may push NBFC stressed assets to Rs 1.5-1.8 trn by March: Crisil

<div>
	The stressed assets of finance companies in India are expected to reach 6-7.5 per cent of their overall assets under management by March, according to rating agency Crisil. Stressed assets are essentially the combined pool of bad loans and restructured credit. In absolute terms, the tally works out Rs 1.5-1.8 trillion. The maximum pain in expected to be in real estate segment.<a href="https://www.business-standard.com/article/economy-policy/pandemic-may-push-nbfc-stressed-assets-to-rs-1-5-1-8-trn-by-march-crisil-121021600615_1.html?1613466085" target="_blank"><strong> READ MORE</strong></a><br />
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NEWS ALERT | FM Sitharaman addresses the Central Board of Directors of RBI

<div>
	-- The FM outlined the thinking behind Union Budget 2021 and the govt&#39;s priorities</div>
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	&nbsp;</div>
<div>
	-- The board reviewed the current economic situation, global, domestic challenges and various areas of operations of the RBI</div>

<em><strong>(Source: Reuters)</strong></em><br />
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Sensex ends flat after volatile trade, holds 52k; IT stks dip, metals shine

The broader markets ended higher today with the S&P BSE MidCap and SmallCap indices settling 0.2 per cent and 0.43 per cent up, respectively

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