Stock Market HIGHLIGHTS: Nifty50 sinks below 17,600, Sensex loses 542 pts for the day amid broad-based selling
Stock Market HIGHLIGHTS: Indian equity benchmarks Sensex and Nifty50 fell almost one per cent on Thursday, halting a three-day winning run, amid mixed cues from global markets as Fed Chair Jerome Powell continued with a hawkish tone amid data pointed to strength in the US economy. Losses in IT, oil & gas, FMCG and auto shares pulled both Sensex and Nifty50 lower.
How Anil Singhvi views the market and what he recommends
Here are some highlights of the day for you to catch all the market action on March 9, market commentary and analysis only on Zeebiz.com's blog here, besides the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations:
Stock Market HIGHLIGHTS: Indian equity benchmarks Sensex and Nifty50 fell almost one per cent on Thursday, halting a three-day winning run, amid mixed cues from global markets as Fed Chair Jerome Powell continued with a hawkish tone amid data pointed to strength in the US economy. Losses in IT, oil & gas, FMCG and auto shares pulled both Sensex and Nifty50 lower.
How Anil Singhvi views the market and what he recommends
Here are some highlights of the day for you to catch all the market action on March 9, market commentary and analysis only on Zeebiz.com's blog here, besides the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations:
Latest Updates
Wall Street Ahead | Dow Jones, S&P 500, Nasdaq futures suggest a weak opening ahead in US share market
The futures contracts of the three main US stock market indices — the Dow Jones, the S&P 500 and the Nasdaq Composite — suggest a weak start ahead in the US market.
- Dow Jones futures: down 22 points or 0.1 per cent at 32,791
- S&P 500 futures: down 10.5 points or 0.3 per cent at 3,984.5
- Nasdaq Composite futures: down 71.5 points or 0.6 per cent at 12,157.5
Global Market Update | European markets fall amid weakness in realty, mining sectors
European markets begin the day in the red amid weakness in realty and mining shares, with the pan-continent Stoxx 600 index down 0.4 per cent at this hour, as investors grow increasingly worried about the prospects of interest rates staying higher for longer.
Fed Chair Jerome Powell said on Wednesday that the US central bank had not yet decided on the size of this month's rate hike.
M&M, Maruti Suzuki, Tata Motors, Eicher Motors weigh on Nifty Auto
Stock Market Update | Sensex ends 542 pts lower, Nifty50 cracks below key 17,600 support as D-Street halts three-day winning run
Both headline indices finish the day 0.9 per cent lower, with the Sensex shedding 541.8 points to settle at 59,806.3. The Nifty50 loses 164.8 points to close at 17,589.6.
Here's how the Sensex and the Nifty50 moved through the day:
Sensex
Nifty50
Read more on the March 9 session on Dalal Street
Stock Market LIVE | Sensex, Nifty50 on track to halt three-day winning run
As of Wednesday, the Sensex had gained 1,438.7 points or 2.4 per cent in three back-to-back sessions, and the Nifty50 added 432.5 points or 2.5 per cent.
Stock Market LIVE | Nifty Bank falls over 350 points, gives up 41,250 dragged by ICICI Bank, Kotak Mahindra Bank, SBI
The banking index sheds 360.5 points or 0.9 per cent to hit 41,216.7 on the downside. The Nifty Bank had briefly traded in positive territory in the first hour of trade, testing the 41,650 level on the upside.
Share Market LIVE Today | Overall market breadth skewed in favour of the bears
As many as 1,527 stocks are in the green against 1,924 scrips that are in the red at this hour on BSE.
Stock Market LIVE Update | Sensex falls over 500 pts but manages to hold 59,800
The Sensex drops 548.3 points or 0.9 per cent to 59,799.8 at the weakest level of the day, less tha 30 minutes from the closing bell.
IPO Update | Global Surfaces initial share sale hits Street on Monday
Potential investors will be able to bid for Global Surfaces shares in a price band of Rs 133-140 apiece in multiples of 100 under the IPO. That translates to Rs 13,300-14,000 per lot.
Sensex LIVE | Only seven gainers in 30-scrip basket; Tata Steel, Larsen & Toubro, Axis Bank among the blue-chips bucking market trend
Stock Market LIVE Today | Share India Securities rights issue hits Street: Check out issue size, price and other important details
A rights issue by financial services company Shares India Securities to raise up to Rs 804 crore hit the Street today. A rights issue is a type of corporate action that enables existing shareholders of a company to buy additional shares at a special price.
The Share India Securities rights issue will close on Friday, March 17.
Here's how the Share India stock is faring on BSE today:
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Share Market Tips LIVE | Buy Larsen & Toubro shares, buy Tech Mahindra shares, says Ruchit Jain
Ruchit Jain of 5Paisa has two stock recommendations:
- Buy L&T shares for a target of Rs 2,260 with a stop loss at Rs 2,140
- Buy TechM shares for a target of Rs 1,130 with a stop loss at Rs 1,032
Global Market Update | Dow Jones, Nasdaq, S&P 500 futures drop up to 0.3%, suggest weakness ahead in US share market
The futures of three main Wall Street indices — the Dow Jones Industrial Average, the S&P 500 and the US megacap tech stocks-heavy Nasdaq Composite — continue to suffer mild losses in Asian trade.
- Dow Jones futures: down 24 points — or 0.1 per cent — at 32,789
- S&P 500 futures: down 6.3 points — or 0.2 per cent — at 3,988.8
- Nasdaq futures: down 32.3 points — or 0.3 per cent — at 12,196
Share Market Tips LIVE | Arpit Beriwal recommends buying Nifty50 futures, targets 17,850, 17,900
Motilal Oswal Financial Services' Arpit Beriwal suggests buying Nifty futures at 17,680 for targets of 17,850 and 17,900 with a stop loss at 17,580.
He also has a Nifty Bank trade recommendation: Buy the 41,700 weekly call option (March 16) at Rs 200-220 for a target of Rs 400 with a stop loss at Rs 120.
Share Market Tips LIVE | Buy Axis Bank shares, buy BHEL shares, says Arpit Beriwal
Arpit Beriwal of Motilal Oswal Financial Services has two stock recommendations for Zee Business viewers:
- Buy Axis Bank for a target of Rs 905 with a stop loss at Rs 850
- Buy BHEL for a target of Rs 85 with a stop loss at Rs 74