Home Travel News & Insights Stock Exchange Live Updates 12 March 2024: Nifty and Sensex hang on to their gains, Nifty Smallcap slips 2%

Stock Exchange Live Updates 12 March 2024: Nifty and Sensex hang on to their gains, Nifty Smallcap slips 2%

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Stock Exchange Live Updates 12 March 2024: Nifty and Sensex hang on to their gains, Nifty Smallcap slips 2%

Stock Exchange Live Updates 12 March 2024: Nifty and Sensex hang on to their gains, Nifty Smallcap slips 2%

Upgraded – March 12, 2024 at 04:29 PM.

Journey

Sensex, Nifty updates on 12 March 2024: Benchmark equity indices Sensex and Nifty ended higher on Tuesday due to heavy purchasing in index heavyweights like HDFC Bank, TCS and Reliance Industries amidst combined hints from Asian markets. Experiencing an unstable trade, the BSE Sensex closed 165.32 points or 0.22 percent greater at 73,667.96. Throughout the day, the barometer rose 501.52 indicate 74,004.16. The Nifty ended practically flat at 22,335.70, signing up a minimal boost of 3.05 points or 0.01 percent. Amongst Sensex companies, HDFC Bank climbed up more than 2 percent. TCS, Maruti, Infosys, Reliance Industries and Bharti Airtel were amongst the significant gainers. State Bank of India, JSW Steel, ITC, Tata Motors, UltraTech Cement and Nestle were amongst the laggards.

tock Market|Share Market Updates – Find here all the updates associated with Sensex, Nifty, BSE, NSE, share rates and Indian stock exchange for 12 March 2024

Journey ALL UPDATES

  • March 12, 2024 16:26

    Stock Exchange Today: Stock markets edge greater amidst unstable trade

    Criteria equity indices Sensex and Nifty ended higher on Tuesday due to heavy purchasing in index heavyweights like HDFC Bank, TCS and Reliance Industries in the middle of combined hints from Asian markets.

    Experiencing an unpredictable trade, the 30-share BSE Sensex closed 165.32 points or 0.22 percent greater at 73,667.96. Throughout the day, the barometer rose 501.52 indicate 74,004.16.

    The more comprehensive Nifty ended practically flat at 22,335.70, signing up a minimal boost of 3.05 points or 0.01 percent.

  • March 12, 2024 16:11

    Currency Market Today: Rupee falls 3 paise to close at 82.78 versus United States dollar

    The rupee combined in a narrow variety and gone for the day, 3 paise lower at 82.78 (provisionary) versus the United States dollar on Tuesday, as market individuals stayed on the sidelines ahead of the release of crucial macroeconomic information.

  • March 12, 2024 16:06

    Stock Exchange Updates: Gulshan Polyols protects order for nation alcohol supply in Madhya Pradesh

    Gulshan Polyols Limited has actually gotten an order versus tender drifted by Excise Department, Government of Madhya Pradesh, for providing of Country Liquor for a approx. amount of 66.2 lakh evidence litre in 3 districts of Madhya Pradesh i.e. Chhindwara, Balaghat and Singrauli, for the fiscal year 2024-2025.

  • March 12, 2024 16:02

    Stock Exchange Today: Aurobindo Pharma starts circulation of aseptic items produced at Unit III

    Aurobindo Pharma notified that Eugia Pharma Specialities Ltd. has actually begun circulation of aseptic items made at Unit III, which was stopped momentarily. The business is anticipated to begin industrial production from the aseptic lines of the stated center in a phased way starting next week and to re-start all the lines by April 15, 2024.

  • March 12, 2024 15:49

    Stock Exchange Today: Shrikant Chouhan, Head Equity Research, Kotak Securities, talk about markets

    Today, the benchmark indices saw variety bound activity, the awesome ends 2.5 points lower while the Sensex was up by 165 points. Amongst Sectors, Reality index lost one of the most shed 3.7 percent whereas intraday purchasing were seen in selective IT stocks. Technically, after intraday technical recover the Nifty/Sensex took the resistance near 22450/74000 and remedied greatly. On intraday charts, it is still holding weak texture which showing weak belief is most likely to continue in the future.

    For the day traders now, 22450/74000 would function as an essential resistance zone. Listed below the very same, the weak texture is most likely to continue. Listed below 22450/74000, the marketplace might slip till 22250-22200/ 73400-73200. On the other side, above 22450/74000 the belief might alter. Above which, the marketplace might recover approximately 22500-22525/ 74600-74700.

  • March 12, 2024 15:44

    Stock Exchange Live Today: PM Modi inaugurates Ramco Cements' Gati Shakti Cargo Terminal job in Andhra Pradesh

    Prime Minister Narendra Modi has actually essentially inaugurated Ramco Cements' Gati Shakti Cargo Terminal task at Jayanthipuram town, Jaggaiahpet Mandal, NTR District, Andhra Pradesh. With the inauguration of the job, the business will be carrying crushed limestone from its mines in Budawada to its incorporated cement plant in Jayanthipuram.

    Ramco Cements stock closed at 808.20 on the BSE, down by 0.35%.

  • March 12, 2024 15:38

    Stock Exchange Today: BSE Sensex closed at 73,667.96, up by 165.32 pts or 0.22 on Tuesday, while Nifty 50 closed at 22,335.70, up by 3.05 or 0.01%.

  • March 12, 2024 15:31

    Stock Exchange Live Today: Major gainers and losers on the NSE at 3pm

    Significant gainers:

    HDFC Bank (2.18%), TCS (1.75%), LTIMindtree (1.63%), Maruti (1.12%), Infosys (0.83%)

    Significant losers:

    Cipla (-2.61%), Grasim (-2.28%), Adani Enterprises (-2.06%), SBI (-1.72%), Bajaj Auto (-1.63%)

  • March 12, 2024 15:30

    Stock Exchange Live Today|BSE: More Declines than Gains; Total Stocks Traded 3,952

    Stocks bore down BSE at 3 pm on March 12, 2024, were 646 versus 3,219 stocks that decreased; 87 stocks stay the same. Overall stocks traded were 3,952.

    The variety of stocks that tape-recorded a 52-week high was 120, and those that struck a 52-week low was 155.

  • March 12, 2024 15:28

    Stock Exchange Live Today: Utkarsh Small Finance Bank deals with 51.97 crore tax need; stock falls

    Utkarsh Small Finance Bank has actually gotten an order from the Income Tax Department (CPC) Varanasi, raising need of 51.97 crore for AY 2023-24.

    Utkarsh Small Finance stock decreases 2.51% on the BSE, trading at 49.30.

  • March 12, 2024 15:27

    Share Market Live Today: Lumax Industries broadens with brand-new Gujarat plant, Pune plant growth

    Lumax Industries notified that the board has actually authorized establishing a brand-new production center at Sanand (Plant-3), Gujarat. The task is anticipated to be commissioned by QI of FY202425.

    The board has actually likewise authorized growth of Chakan Plant (Phase-II) at Pune. The task is anticipated to be commissioned by Q3 of FY2024- 25.

    Lumax stock trades at 2,279.30 on the NSE, up by 0.91%.

  • March 12, 2024 15:11

    Stock Exchange Live Today: Servotech EV Infra waters down 6%, prepares North India EV stations

    Servotech EV Infra Pvt. Ltd., a subsidiary of Servotech Power Systems Ltd, has actually protected equity dilution of 6% at a pre-money evaluation of 200 crore.

    In Addition, Servotech EV Infra will likewise develop Proof of Concept (POC) websites at 10 areas in North India within 100 days. Each EV charging station will cost around 15-25 lakh depending upon the battery charger capability and no. of battery chargers set up.

    In addition, the business has actually likewise revealed the visit of Prem Prakash as its Chief Executive Officer (CEO) and Neeraj Gupta as its AVP Operations.

    Servotech Power Systems stock topples 4.99% on the NSE trading at 78.10.

  • March 12, 2024 14:19

    Stock Exchange Live Today: Ion Exchange wins 120 crore Saudi water plant agreement; shares increase

    Ion Exchange (India) Limited has actually gotten an agreement from Maaden, Saudi Arabia, for establishing of Water Treatment Plant consisting of demineralization plant at an agreement worth of 120 crore approx. The job is to be finished within 1 year from the date of letter of approval.

    Shares trade 2.63% greater on the BSE at 461.

  • March 12, 2024 14:11

    Stock Exchange Live Today: Mahindra Lifespace Developers gets 9.4 acres in Bengaluru; shares fall 2.36%

    Mahindra Lifespace Developers Ltd got land of 9.4 acres located at Whitefield, Bengaluru.

    Shares trade at 557 on the NSE, down by 2.36%.

  • March 12, 2024 13:59

    Stock Exchange Live Today: Mufin Green Finance to raise funds by means of foreign bonds; shares drop 4.99%

    Mufin Green Finance board has actually authorized raising of funds through problem of foreign currency denominated bonds under the structure External Commercial Borrowings (ECB) through personal positioning basis for quantity upto $5 million.

    Shares topples 4.99% on the BSE to trade at 177.25.

  • March 12, 2024 13:44

    Stock Exchange Live Today: NSE cuts deal charges by 1% on money, derivatives

    NSE to decrease deal charges on money and derivatives section. The board of directors of NSE, in a conference hung on Monday, has actually thought about and authorized a decrease in general deal charges throughout the money equity and equity derivatives sectors/ items by 1 percent.

  • March 12, 2024 13:38

    Stock exchange updates today: KNR Constructions has actually gotten LOA for water system jobs in Telangana. Stock trades at 265.10 on the NSE, down by 3.11%

  • March 12, 2024 13:31

    Stock exchange updates today: RVNL has actually gotten an agreement from Rajasthan Rajya Vidyut Prasaran Nigam Ltd, worth 139 crore RVNL stock decreases by 1.39% on the NSE, trading at 242.05.

  • March 12, 2024 13:30

    Stock exchange updates today: Nifty 500 has actually provided remarkable returns of 16%: Study

    Speaking on the research study, Pratik Oswal, Head of Passive Funds, Motilal Oswal Asset Management Company Ltd stated, “Over the previous years, India has actually risen from the 10th to the 5th position in the international economy. Forecasts from market specialists show a more climb in rankings by 2030. Financiers crazy about taking advantage of India's robust development story might discover worth in thinking about a financial investment in an extensive passive fund.” He even more included “The Nifty 500 Index sticks out as an ideal option, offering substantial direct exposure to Indian equities with over 90% market capitalization protection. Boasting a healthy representation throughout big-, mid-, and small-cap sectors, this index shows a robust diversity in both private stocks and sectoral allowances. Significantly, the Nifty 500 has actually shown a propensity to exceed the Nifty 50 throughout bullish market stages, while likewise providing a degree of strength versus recessions, especially in contrast to mid and small-caps.”

  • March 12, 2024 13:28

    Stock exchange updates today: Aluminium futures at crossroads

    Aluminium futures on the Multi Commodity Exchange (MCX) has actually been on the increase because the last week of February. At that time, it bounced off the assistance at 198. For the previous couple of sessions, the agreement has actually been walking around 203; it closed at 203.2 on Monday. The 50-day moving average now lies at around 204, which is withstanding the bulls.

  • March 12, 2024 13:24


  • March 12, 2024 13:02

    Stock exchange updates today: India's CAD to reach 1.2% of GDP in Q3, forecasts Ind-Ra

  • March 12, 2024 12:56

    Stock exchange updates today: Jubilant Ingrevia consolidates O2 Renewable, group business of O2 Power SG PTE. LTD, Singapore; stock trades lower on BSE

    Pleased Ingrevia Ltd has actually partnered with O2 Renewable Energy XVIII Pvt Ltd (‘ O2 Renewable', a group business of O2 Power SG PTE. LTD, Singapore.

    Pleased Ingrevia stock trades at 443.20 on the BSE, down by 2.81%.

  • March 12, 2024 12:53

    Stock exchange updates today: ASK Investment Managers introduces its very first satellite PMS – ASK

    Lighthouse Portfolio

    March 12, 2024, Mumbai: ASK Investment Managers (” ASK”) revealed the launch of ASK Lighthouse Portfolio. This is ASK's very first satellite Portfolio Management Services (PMS) Investment Approach. This technique will primarily buy couple of concentrated styles or sectors at a time, where

    structural change is underway, to catch the high-growth stage of sectors which provide

    deep and big chances to financiers. There is capacity for dynamism in time, indicating versatility to alter the styles, keeping the broad financial investment viewpoint undamaged. Styles might be developed on a top-down or bottom-up basis, while choice of business would be on a bottom-up basis. The standard for this item will be BSE 500-TRI. This portfolio appropriates for UHNIs (Ultra High Net Worth Individuals), HNIs (High Net Worth Individuals), Family Offices, Corporate Treasuries, and Private Family Trusts that are trying to find diversity options for their portfolio.

  • March 12, 2024 12:42

    Stock exchange updates today: IIFL Enterprises stated Kamlesh Kanaiyalal Joshi has actually resigned from the post of Managing Director and Chief Financial Officer from March 11

  • March 12, 2024 12:41

    Stock exchange updates today: Kilburn Engineering in invoice of orders worth 2,517 lakh Shares trade at 287 on the BSE, down by 3.40%

  • March 12, 2024 12:40

    Stock exchange updates today: Tata Power Solar Systems commissions solar and battery energy storage systems task at Chhattisgarh, stock trades lower on NSE

    Tata Power Solar Systems Ltd, a wholly-owned subsidiary of Tata Power Renewable Energy Ltd (TPREL), has actually commissioned the solar and battery energy storage systems job that makes up a 100 MW Solar PV Project combined with 120 MWh energy scale battery energy storage system, at Rajnandgaon, Chhattisgarh.

    Tata Power stock trades at 401.60 on the NSE, down by 2.80%.

  • March 12, 2024 12:35

    Stock exchange updates today: Star Cement starts business production at cement grinding system of its arm Star Cement North East, Star Cement stock decreases on BSE

    Star Cement stated industrial production has actually begun at the recently established 2 MTPA cement grinding system of its subsidiary Star Cement North East Ltd.

    Star Cement stock decreases 2.65% on the BSE, trading at 198.50.

  • March 12, 2024 12:19

    Stock exchange updates today: Nifty sectoral indices sell the red

    All sectoral indices sell red, other than Nifty IT trading at 37,240.10, up by 0.68%. Cool real estate, meda, PSU Bank stocks were struck greatly.

  • March 12, 2024 12:18

    Stock exchange updates today: Allcargo Terminals' CFS volumes up in February, ATL stock trades lower on NSE

    Allcargo Terminals' CFS volumes for February 2024 stood at 50.5 ‘000 TEUs, tape-recording a boost of 11% as compared to February 2023. ATL stock trades at 56.30 on the NSE, down by 4.74%.

  • March 12, 2024 12:15

    Stock exchange updates today: Major gainers and losers on the NSE at 12 midday

    Significant gainers: HDFC Bank (2.02%), Eicher Motors (1.56%), TCS (1.52%), Infosys (1.13%), LTIMindtree (1.02%)

    Significant losers: Cipla (-2.52%), Adani Enterprises (-2.11%), ITC( -1.77%), Bajaj Auto (-1.55%), Tata Motors (-1.51%)

  • March 12, 2024 12:14

    Stock exchange updates today: BSE picture at midday

    While 608 stocks bore down the BSE at 12 midday on March 12, 2024, 3,129 decreased; 106 stocks stay the same. Overall stocks traded were 3,843. The variety of stocks that taped a 52-week high was 103, and those that struck a 52-week low was 142.

  • March 12, 2024 12:12

    Stock exchange updates today: Landmark Cars gets EoI from MercedesBenz India for workshop in Maharashtra. Stock trades at 722.95 on the NSE, down by 0.89%

  • March 12, 2024 12:11

    Stock exchange updates today: Zydus Lifesciences gets need order for excess claim of Input Tax Credit, shares decrease on NSE

    Zydus Lifesciences has actually gotten a Demand Order-In-Original for the fiscal year 2018-19 on the problem referring to excess claim of Input Tax Credit (ITC) and deficiency in liability.

    The Company means to challenge the order by submitting an appeal versus the stated order.

    Shares decrease by 1.11% on the NSE, trading at 983.45.

  • March 12, 2024 12:08


    Shares trade at 155.55 on the NSE, down by 1.27%.

  • March 12, 2024 12:05

    Stock exchange updates today: Puravankara concerns business warranty on behalf of wholly-owned arm T-Hills Private Ltd, stock decreases on NSE

    Puravankara Ltd has actually provided a business warranty on behalf of its wholly-owned subsidiary T-Hills Private Ltd), in favour of IDBI Trusteeship Services Ltd for approximately 100% of the maturity worth of the unlisted and surefire business documents being released by T-Hills aggregating to 280 crore.

    Puravankara stock decreased 4.40% on the NSE, trading at 212.05.

  • March 12, 2024 11:48

    Stock exchange updates today: Prabhudas Lilladher on automobile sector

    The vehicle sector experienced substantial development in February 2024, with a high-teens YoY volume boost in the domestic market. This development was driven by a low base impact and strong efficiency in the 2W and PV sectors, though partly balanced out by decreases in tractors and business lorries (CVs). 2W OEMs signed up ~ 24% YoY development, while PV OEMs grew by ~ 15%. 3W OEMs saw a development of ~ 16%, whereas tractor and CV sectors experienced YoY decreases of 18% and ~ 1%, respectively. The low base impact most likely added to the quicker speed of wholesale development for 2Ws. Exports of two-wheelers grew highly throughout the month.

  • March 12, 2024 11:47

    Stock exchange updates today: Nifty bank stocks decrease by 0.10% to trade at 47,278.65. Significant losers consist of PNB, Bank of Baroda and SBI

    Cool bank stocks decrease by 0.10% to trade at 47,278.65. Significant losers consist of: PNB (-2.02%), Bank of Baroda (-1.64%), SBI( -1.40%), Bandhan Bank (-1.09%), IDFC First Bank (-1.06%)

  • March 12, 2024 11:45

    Stock exchange updates today: Aurionpro Solutions gets SBI order for application of iCashpro+ platform, Aurionpro Solutions stock down on NSE, SBI down 1.51%

    Aurionpro Solutions Ltd gets order from State Bank of India (SBI), for license, execution and assistance of iCashpro+, the money management and deal banking platform. Agreement valued at near 100 crore, consists of license and application, to be provided in stages over 12 months, followed by upkeep and assistance for 6 years.

    Aurionpro Solutions stock trades at 2,009.95 on the NSE, down by 3.06%. SBI shares trade at 762.05, down by 1.51%.

  • March 12, 2024 11:40

    Stock exchange updates today: EaseMyTrip.com to open franchise shop in Gurugram, Haryana. Easy Trip Planners stock trades at 45.25 on the NSE, down by 3.21%

  • March 12, 2024 11:39

    Stock exchange updates today: Azad Engg in pact with Baker Hughes Oilfield Operations LLC, USA, for supply of parts for oilfield services, stock down on NSE

    Azad Engineering Ltd has actually signed a 5-year tactical supply arrangement (SSA) with Baker Hughes Oilfield Operations LLC, USA, to provide medium-high complex accuracy machined parts for oil field services.

    Azad Engineering stock decreases 1.45% on the NSE, trading at 1,283.95.

  • March 12, 2024 11:35

    Stock exchange updates today: DroneAcharya Aerial Innovations gets order for DGCA accredited drone pilot training from Adani, stock decreases on the BSE

    DroneAcharya Aerial Innovations Ltd has actually been granted a service order from Adani to offer DGCA accredited drone pilot training. Droneacharya stock trades at 149.40 on the BSE, down by 1.61%.

  • March 12, 2024 11:33

    Stock exchange updates today: RIR Power Electronics gets in-principal approval for choice concern of as much as 10 lakh warrants, shares decrease on BSE

    RIR Power Electronics has actually gotten in-principal approval from BSE for problem of approximately 10,00,000 warrants convertible into equity shares of 10 each to be released at a rate of 855 to non-promoter allottees on a preferential basis.

    Shares decrease by 3.16% on the BSE, trading at 869.95.

  • March 12, 2024 11:29

    Stock exchange updates today: Arihant Foundations gets agreement from Equitas Small Finance Bank to establish its home office at Anna Salai, Chennai

  • March 12, 2024 11:08

    Stock exchange updates today: Major gainers and losers on the BSE at 11 am

    Significant gainers: Linde India (6.40%), Indiabulls (4.50%), India Mart (4.25%), AB Capital (4.12%), HEG (3.92%)

    Significant losers: Swan Energy (-14.73%), Paisalo (-7.50%), Kfin Tech (-6.09%), Kaynes (-5.57%), Infibeam Avenues (-5.20%)

  • March 12, 2024 10:59

    Stock Exchange Live Today: LIC's stock cost has actually dipped listed below Rs 1,000 and presently stands at Rs 999.75.

  • March 12, 2024 10:58

    Stock Exchange Live Today: Signpost India partners with Switch Mobility, stock increases 2.86% on NSE to 424

    Signpost India Limited revealed collaboration with Switch Mobility Automotive Limited, an important part of the Hinduja Group. Change has actually selected Signpost as its partner for screen of ads on its fleet of buses.

    Signpost stock increases by 2.86% on the NSE, trading at 424.

  • March 12, 2024 10:44

    Nifty Today: Major losers of cool real estate stocks

    Swan Energy (-8.64%), Prestige (-3.48%), Godrej Properties (-2.47%), DLF (-2.43%)

  • March 12, 2024 10:42

    Stock Exchange Live Today: Stock Recommendations: JM Financial preserves purchase score for Aditya Birla Capital stock

    Talking about the amalgamation strategy, analaysts of JM Financial stated, “We think that the plan would provide essential positives that include: a) streamlined operations, b) removal of Holdco discount rate given that ABFL was mandated to be noted by Sep '25 based on NBFC-UL standards, and c) lack of different listing expenses of ABFL. This likewise increases CRAR by ~ 150bps as such holds off the possible requirement to raise development capital versus earlier circumstance. Our SOTP-based computations now recommend a TP of INR 240 valuing: i) ABFL at 2.0 x FY25E P/B, ii) real estate sub at 2.0 x FY25E P/B, iii) life insurance coverage at 1.8 x FY25E P/EV, iv) ABSL AMC at 25x FY25E P/E, and v) AB Money at CMP. Preserve BUY.”

  • March 12, 2024 10:41

    Stock Exchange Live Today: Nifty Prediction Today– March 12, 2024: Wait for dips to go long

    Clever 50 is recuperating in its early trades after seeing a fall on Monday. The index is presently trading at 22,433, up 0.44%. The advance/decline ratio is at 26:24. If the ratio turn-down then that might top the advantage in the Nifty. We will have to wait and see if the present bounce is getting momentum or not.

  • March 12, 2024 10:34

    Stock Exchange Live Today: Post-listing view of R K Swamy from Shivani Nyati, Head of Wealth at Swastika Investmart

    RK Swamy Limited (RKSL), a popular integrated marketing services business, saw an uninspired launching on the stock market, noting at Rs. 251 per share. This equates to a worrying 13% decrease from its problem rate of Rs. 288, considerably lower than pre-listing expectations of even a flat listing. The pre-listing grey market premium (GMP) was around Rs. 0 therefore this is a weaker-than-anticipated efficiency.

    The soft pre-listing GMP and unfavorable listing show a mindful financier technique, perhaps due to unstable market conditions or issues about competitors and working capital requirements. This unfavorable listing provides an obstacle. Financiers are encouraged to assess their threat tolerance before making any choices.

  • March 12, 2024 10:32

    Stock exchange updates today: Manappuram Finance board to think about a loaning strategy, consisting of issuance of redeemable NCDs, notes, bonds in onshore/offshore market

    The board of Manappuram Finance will think about a loaning strategy, at its conference on March 19, consisting of issuance of redeemable non-convertible debentures, notes, bonds in onshore/offshore market by method of personal positioning and/or public problem for FY 2024-25.

    Manappuram Finance shares trade at 171.35 on the BSE, greater by 1.24%

  • March 12, 2024 10:15

    Stock exchange updates today: Nifty and Sensex gain; Smallcap in correction mode

    The NSE Nifty was up by 0.38 percent, or 84.30, to 22,416.95 points, while the BSE Sensex was at 73,917.72, up by 0.57 percent, or 412.78 points. An overall of 3,216 stocks were actively traded; 897 advanced, 2,238 decreased, and 81 stocks stayed the same. At 9.30 am on Tuesday, 51 stocks struck a 52-week high, and 99 stocks struck a 52-week low. Learn more

  • March 12, 2024 10:13

    Stock exchange updates today: 1st vehicle in-plant train siding at Maruti Suzuki's plant in Gujarat to get rid of 50,000 truck-trips

    India's very first car in-plant train siding– constructed at Hansalpur system of Maruti Suzuki in Gujarat– will assist the car producer transportation 3 lakh “completed cars and truck dispatches” by train, thus assisting the business “get rid of 50,000 truck-trips every year”.

  • March 12, 2024 10:11

    Stock exchange updates today: HAL stock trades at 3,344 on the NSE, lower by 0.81%. The stock had actually struck a 52-week high the other day at 3,428

  • March 12, 2024 10:10

    Stock exchange updates today: Correction anticipated in the more comprehensive market

    Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

    The dominant near-term pattern in the market now is the correction in the wider market, especially the little caps. The little cap index is 7.8% below the peak and this correction is most likely to continue because the evaluations are extreme even now. The regulator SEBI has actually sent out a clear message about the frothy assessments in the little cap section and, for that reason, regulative actions are most likely, moving forward. There can be redemptions from little cap funds, contributing to the disadvantage. Quality big caps will recover after a correction, however little caps are not likely to recuperate in the near-term. PSE stocks that have actually added excessive too quick likewise are most likely to deal with selling pressure.”

  • March 12, 2024 10:08

    Stock exchange updates today: Comment on currency by Rahul Kalantri, VP Commodities, Mehta Equities Ltd

    USD-INR

    “The USD-INR 26 March futures agreement has actually rebounded from its current lows. According to the everyday technical chart analysis, the set is presently trading listed below its moving typical trend-line assistance level of 82.82, with the RSI showing levels listed below 40. The MACD is showing unfavorable divergence, signifying a bearish pattern, and the set has actually breached its assistance levels. Based upon the day-to-day technical chart, assistance for the set is recognized at 82.55-82.35, while resistance is kept in mind at 82.94-83.05. Provided the present technical setup, it is prepared for that the set will continue trading listed below its assistance level of 82.82, with a forecasted trading series of 82.35-83.05 for the week ahead.”

  • March 12, 2024 09:59

    Stock exchange live updates: Wipro consolidates Nutanix Inc, releases brand-new Nutanix-focused service system, stock goes up on NSE

    Wipro stock trades at 515.90 on the NSE, up by 0.26% after the business revealed growth of collaboration with Nutanix Inc. and revealed the launch of a brand-new Nutanix-focused company system.

  • March 12, 2024 09:50

    Stock exchange updates today: Sectoral indices combined

    Sectoral indices are trading combined. While Nifty real estate decreased by 1.59% to trade at 892.15, Nifty FMCG decreased by 1.15% to trade at 53,466.55. Nifty Bank is up by 0.80% at 47,705.50.

  • March 12, 2024 09:47

    Stock exchange updates today: E2E Networks Ltd has actually authorized capability growth for information centre centers drawn from a supplier at their recently released information center

  • March 12, 2024 09:38

    Stock exchange updates today:

    Aditya Birla Capital stock trades at 185.75, greater by 3.28%. The board of Aditya Birla Capital Ltd (the Company) and Aditya Birla Finance Ltd, its wholly-owned subsidiary, have actually authorized the plan of amalgamation of Aditya Birla Finance Ltd with Aditya Birla Capital Ltd.

  • March 12, 2024 09:37

    Stock exchange updates today: Major gainers and losers on the NSE at 9.30 am

    Significant gainers: TCS (2.26%), Tech Mahindra (0.93%), Infosys (0.84%), Wipro (0.60%), HCL Tech (0.56%)

    Significant losers: ITC (-2.11%), Coal India (-1.48%), NTPC (-1.35%), Hindalco (-1.29%), SBI (-1.18%)

  • March 12, 2024 09:33

    Stock exchange updates today: DreamFolks has actually revealed a collaboration with Healthians to boost access to health care services

  • March 12, 2024 09:31

    Stock exchange updates today: Crude oil futures trade greater, markets wait for release of United States inflation information

    Petroleum futures traded greater on Tuesday early morning as the marketplaces are waiting for the release of United States inflation information later on in the day. At 9.17 am on Tuesday, May Brent oil futures were at $82.47, up by 0.32 percent, and April petroleum futures on WTI (West Texas Intermediate) were at $78.11, up by 0.23 percent. March petroleum futures were trading at 6467 on the Multi Commodity Exchange (MCX) throughout the preliminary hour of trading on Tuesday early morning, versus the previous close of 6443, up by 0.37 percent, and April futures were trading at 6359 versus the previous close of 6433, up by 0.40 per cent.

  • March 12, 2024 09:29

    Stock exchange updates today: Stocks To Watch

    Aditya Birla Capital: The board authorized the amalgamation of the completely owned system Aditya Birla Finance with the business. The merger goes through the sanction of the National Company Law Tribunal and other required approvals from the Reserve Bank of India and other investors.

    * ITC: * British American Tobacco is preparing to start a sale of part of its stake in the business as quickly as today, Bloomberg reported. In the middle of this, about 12 million equity shares (0.09% stake) altered hands in a big trade on Monday. It increased its stake in Sproutlife Foods to 44.74% for Rs 50 crore.

    * SpiceJet: * Chief Operating Officer Arun Kashyap and Chief CommercialOfficer Shilpa Bhatia has actually resigned from the airline company, PTI reported.

    * Rail Vikas Nigam: * The business became the most affordable bidder from Central Railway for signalling and telecommunication work for the arrangement of automated block signalling on Khapri-Sewagram area of Nagpur Division. It likewise got a building and construction order worth Rs 339 crore from Maharashtra Metro Rail Corp.

    * Adani Enterprises: * The study of Dharavi will begin on March 18 from Kamla Raman Nagar to digitally gather information from lakhs of casual tenement citizens.

    * H.G. Infra Engineering: * The business got a letter of award worth Rs 862.11 crore from the National Highways Authority of India.

    * Jupiter Wagons: * The business got an order worth Rs 957 crore from the Ministry of Railways to produce and provide 2,237 systems of BOSM wagons.

    * Mahindra and Mahindra: * The business reported overall production at 73,380 systems vs. 58,203 systems

    YoY for the month of February.

    * Pitti Engineering: * The business will purchase Bagadia Chaitra Industries for a business worth of Rs 124.92 crore.

    * Wipro: * The IT significant has actually broadened its collaboration with Nutanix to introduce a brand-new Nutanix-focused organization system.

    * Imagicaaworld Entertainment: * The business revealed its effective quote to develop a landmark idea at the renowned Sabarmati Riverfront in Ahmedabad for Rs 130 crore.

    * Triveni Engineering and Industries: * The business obtained a 25.43% stake in Sir Shadi Lal Enterprises for Rs 35 crore with the goal of broadening its service operations in sugar and alcohol services.

    * IRB Infrastructure Developers: * The business's system, IRB Lalitpur tollway, attains monetary closure for the NH-44 job with Rs 3,500 crore in task financing from the loan provider.

    * HIL: * The board authorized a 100% equity acquisition of Crestia Polytech for an overall factor to consider of Rs 160 crore.

    New Listings

    R K Swamy: The business's shares will debut on the stock market on Tuesday at a concern cost of Rs 288 each. The Rs 423.56-crore IPO was subscribed 25.94 times on its 3rd and last day. Quotes were led by institutional financiers (34.36 times), retail financiers (34.03 times), non-institutional financiers (20.58 times), and part scheduled for staff members (2.52 times).

    Bharat Highways Infrastructure Investment Trust InvIT: The business's shares will debut on the stock market on Tuesday at a problem rate of Rs 100 each. The Rs 2,500-crore IPO was subscribed 8.01 times on its 3rd and last day. Quotes were led by institutional financiers (8.92 times) and other financiers bid for 6.93 times.

    IPO Offering

    Gopal Snacks: The public problem was signed up for 9.02 times on day 3. The quotes were led by institutional financiers (17.5 times), non-institutional financiers (9.5 times), and retail financiers (4.01 times).

    Popular Vehicles and Services: The business will provide its shares for bidding on Tuesday. The rate band is set from Rs 280 to Rs 295 per share. The Rs 601.55 crore IPO is a mix of a fresh concern and a sell. The business has actually raised Rs 180 crore from anchor financiers.

    Bulk Deals

    InterGlobe Aviation: Rakesh Gangwal offered 2.25 crore shares (5.82%) at Rs 3.015.88 each, while Morgan Stanley Asia (Singapore) Pte. purchased 21 lakh shares (0.54%) at Rs 3.015.1 each.

    Tilaknagar Industries: M and S Bottling Company offered 10 lakh shares (0.52%) at Rs 193.22 each.

    Dwarkesh Sugar: Goel Anil Kumar offered 14.39 lakh shares (0.76%) at Rs 83.66 each.

    Expert Trades

    Deccan Gold Mines: Promoter Rama Mines Mauritius offered 1.05 lakh shares in between March 5 and 7.

    Usha Martin: Promoter Peterhouse Investments India offered 5 lakh shares on March 11.

    Yasho Industries: Promoter Parag Vinod Jhaveri offered 33,393 shares on March 5

    Promise Share Details

    Paisalo Digital: Promoter Equilibrated Venture CFlow, PRI CAF, and Pro FITCCH withdrawed a promise of 3.37 lakh shares on March 7.

    Trading Tweaks

    Cost band modifications from 20% to 10%: Sindhu Trade Links.

    Ex/record Rights Issue: IRB Infrastructure Trust.

    Moved into short-term ASM structure: Tata Chemicals.

    Left short-term ASM structure: Inox India, Sanghvi Movers, and Shaily Engineering Plastics.

    ABFRL

    HINDCOPPER

    MANAPPURAM

    MGL

    SAIL

    TATACHEM

    ZEEL

  • March 12, 2024 09:25

    Stock Exchange Live Today: Opening Bell: Sensex and Nifty increase on favorable Asian hints, eyes on inflation information

    Indian standard indices, the Sensex and Nifty, started Tuesday's session on a greater note, tracking gains in more comprehensive Asian markets, as financiers waited for crucial inflation information from both India and the United States.

    The 30-share BSE Sensex increased by 53.94 indicate 73,556.58 in early trading, while the NSE Nifty climbed up 15.75 indicate 22,348.40.

    Asian markets opened higher, with the MSCI Asia ex-Japan index up by 0.23%. The majority of Wall Street stocks had actually decreased over night ahead of the release of United States customer cost index (CPI) information, arranged after the closing bell.

    The CPI is anticipated to reveal a 0.4% increase in February, which might considerably affect the Federal Reserve's future rate choices.

    A rate cut is not likely at the Fed's upcoming policy conference on March 20, there is a 55.2% likelihood of a 25 basis points cut in June, according to CME's FedWatch Tool.

    Financiers are likewise waiting for India's CPI information, which is prepared for to have actually decreased to a four-month low in February, mainly due to relieving food costs, according to a Reuters survey.

    On Monday, both the Nifty 50 and BSE Sensex fell by 0.7%, affected by losses in banking and Tata Group stocks, along with profit-taking near record high levels.

    Small-cap stocks carried out weaker than blue-chip stocks, stopping by 2%, with issues raised by the markets regulator about extreme speculation in these sections.

    Foreign portfolio financiers and domestic institutional financiers were net purchasers of Indian equities on Monday, getting shares worth Rs 4,213 crore (~$ 509 million) and Rs 3,238 crore, respectively.

  • March 12, 2024 09:18

    Stock exchange updates today: Morning Outlook for 12 March 2024

    Deven Mehata Research Analyst Choice Broking

    The benchmark Sensex and Nifty indices are most likely to open on a favorable note on March 12 as patterns in the GIFT Nifty show a firm start for the more comprehensive index with a gain of 26.50 points.

    Nifty can discover assistance at 22,250 followed by 22,200 and 22,100. On the greater side, 22,400 can be an instant resistance, followed by 22,450 and 22,500.

    The charts of Bank Nifty show that it might get assistance at 47,100, followed by 47,000 and 46,900. If the index advances, 47,500 would be the preliminary crucial resistance, followed by 47,700 and 47,800.

    Foreign institutional financiers (FIIs) net purchased shares worth Rs 4,212.76 crore, while domestic institutional financiers (DIIs) bought Rs 3,238.39 crore worth of stocks on March 11, provisionary information from the NSE revealed.

    INDIAVIX was favorable by 2.81 percent and is presently trading at 13.9950.

    The other day experienced a sharp market decrease, with Nifty closing near its day-to-day low after an unexpected sell-off from greater levels. Traders are highly encouraged to work out care and trade with a stringent adherence to stop-loss levels. In case of Nifty experiencing a more decrease towards the robust assistance zone of 22000, financiers might consider this as a suitable minute for fresh medium to long-lasting financial investments.

  • March 12, 2024 09:17

    Stock exchange updates today:

    MS on Gas Sector

    Anticipate gas market oversupply to reach multi-decade highs over coming years

    Gas speeds up eco-friendly adoption and likewise partially resolves policymaker trilemma of supporting AI adoption and decarbonisation at cost effective rates.

    GAIL– OW, TP Raised to Rs 213.

    HSBC on Adani Ports

    Purchase, TP Raised to Rs 1560 from Rs 1370

    Robust throughput development continued in Feb 2024, suggesting co on track to beat its 400MMT target for FY24

    Raise EBITDA projections by 1-4% for FY24-26e

    MOSL on Adani Ports

    Purchase, TP raised Rs 1600

    Well placed to exceed modified assistance of FY24

    Logistics service continues to succeed, with YTD rail volume up 21% YoY in FY24

    Jefferies on AB Capital

    Purchase, TP Raised to Rs 225

    AB Cap proposes to combine its entirely owned NBFC subsidiary, ABFL with itself, based on regulative approvals

    If authorized, plan will streamline

    1) corp. structure;

    2) deal with problem of necessary listing of ABFL

    3) lift CRAR by 150bps

    MS on AB Capital

    EW, TP Rs 196

    ABCL, a non-operating holdco, revealed a reverse merger of its NBFC subsidiary with itself

    Concrete financial advantage is not material

    Can decrease holdco disc if NBFC were to list by Sep-25

    RBI approval is essential

    HSBC on Zomato

    Purchase, TP raised to Rs 200

    Advt. rev will stay foundation of quickcommerce (Blinkit) biz in long term

    Anticipate Blinkit advertisement rev to be c3% of overall digital ad-spend of India in 5 years, which is around 5% EBITDA margins

    Jefferies on IndiaMart

    Purchase, TP Rs 3400

    Post-Initiation Investor Feeback

    Financiers suggest issues around execution obstacles, slowing customer additions, and SaaS financial investments.

    Anticipate paid subs additions to get from 3k/quarter in FY24E to 6k/ quarter in FY25E, which ought to support evaluations

    Anticipate Indiamart to provide strong 19%/ 25% rev/EPS Cagr over FY24-26E

    Kotak Inst Eqt on Tata Chem

    Offer, TP Rs 780

    Current report that Tata Sons is assessing alternatives to prevent an IPO ought to deflate speculation around value-unlocking

    Continue to anticipate EPS to fall by about 2/3 over FY2023-25E in the middle of falling margins on soda ash

  • March 12, 2024 09:14

    Stock exchange updates today: Fund Houses Recommendations

    Jefferies on India Mart: Maintain Buy on Company, target rate at Rs 3400/sh (Positive)

    Jefferies on AB Capital: Maintain Buy on Company, raise target rate at Rs 225/sh (Positive)

    BofA on AB Capital: Maintain Buy on Company, target rate at Rs 214/sh (Positive)

    MS on GAIL: Maintain Overweight on Company, raise target cost at Rs 213/sh (Positive)

    MOSL on Adani Ports: Maintain Buy on Company, target cost at Rs 1600/sh (Positive)

    HSBC on Adani Ports: Maintain Buy on Company, raise target rate at Rs 1560/sh (Positive)

    HSBC on Zomato: Maintain Buy on Company, target cost at Rs 200/sh (Positive)

    Citi on GAIL: Maintain Buy on Company, target rate at Rs 200/sh (Positive)

    MOSL on GAIL: Maintain Buy on Company, target cost at Rs 215/sh (Positive)

    Macquarie on Asian Paints: Maintain Outperform on Company, target cost at Rs 4000/sh (Positive)

    Citi on HDFC AMC: Maintain Sell on Company, target cost at Rs 2350/sh (Neutral)

    JP Morgan on Westlife: Maintain Overweight on Company, cut target rate at Rs 905/sh (Neutral)

    MS on AB Capital: Maintain Equal weight on Company, target rate at Rs 196/sh (Neutral)

    Macquarie on Kansai: Maintain Neutral on Company, cut target cost at Rs 320/sh (Neutral)

    Macquarie on Berger: Maintain Neutral on Company, cut target cost at Rs 490/sh (Neutral)

  • March 12, 2024 08:53

    Stock exchange updates today: IPO screener: Bharat Highways InvIT noting today

    Systems of Bharat Highways InvIT will be noted on the bourses today. Bharat Highways InvIT is a facilities financial investment trust developed to get, handle, and purchase a portfolio of facilities possessions in India and continue the activities of a facilities financial investment trust under SEBI's InvIT guideline.

  • March 12, 2024 08:51

    Stock exchange updates today: IPO screener: RK Swamy noting today

    Shares of Chennai-based incorporated marketing services firm RK Swamy will be noted on the bourses today. The IPO has actually gotten a frustrating reaction from financiers. The 423.56-crore IPO got 25.94 times membership protecting quotes for 21,35,31,650 shares versus 82,32,946 shares available. Learn more

  • March 12, 2024 08:45

    Stock exchange updates today: Nomura on the Indian pharma sector

    The ANDA (Abbreviated New Drug Application) filing information recommends a small amounts in the rate of ANDA filings as business concentrate on choose high worth filings. The variety of ANDA filings over Oct-23 to Jan-24 stood at 233 compared to 260 submitted in the year ago duration. Of these, complicated filings were at 21% vs 15% in 2015. The rate of ANDA withdrawals has actually come down over the previous 16 months from the high base in FY18-22, suggesting that the portfolio rationalisation by business is mostly total. Throughout Oct-23 to Jan-24, the rate of last ANDA approvals at 217 was a little lower than 226 taped in the year ago duration with ~ 17% first-cycle approvals, mainly in line with the pattern in the current past.

  • March 12, 2024 08:41

    Stock exchange updates today: Domestic shares set to open greater on hints from Asian peers

    Domestic markets are set to open greater on Tuesday, tracking gains in wider Asian peers, while financiers wait for the domestic and United States inflation prints.

    The GIFT Nifty was trading at 22,452 since 0752 a.m. IST, suggesting that the Nifty 50 will open above Monday's close of 22,332.65. Find out more

  • March 12, 2024 08:27

    Stock exchange updates today: Silver company at $24.44

    Silver rates were consistent as financiers took a wait-and-see position ahead of the United States inflation report tomorrow. The reading is anticipated to supply extra details on the likely timing of the Fed's financial relieving effort. Formerly, the tasks report validated expectations for the very first Fed rate cut in June. The February payrolls amount to gone beyond expectations, however task boosts in January and December were modified somewhat lower, and the joblessness rate reached a two-year high, signalling a softening labour market. Fed Chair Powell and many ECB members likewise recommended that rate cuts would likely start in 2024, using assistance to non-yielding properties.

    Secret financial information slated for release consists of German Final CPI m/m from Euro Zone and Core CPI m/m, CPI m/m, CPI y/y from United States Zone.

  • March 12, 2024 08:26

    Stock exchange updates today: Gold near brand-new high $2181

    Gold traded flat as traders waited on United States inflation information, which might shed more light on the Federal Reserve's rate of interest trajectory. The February payrolls amount to gone beyond expectations, however task boosts in January and December were considerably modified lower, the joblessness rate suddenly increased, and wage development slowed considerably more than anticipated. COMEX gold speculators increased their net long positions by 63,018 agreements to 131,060 in the week ending March 5, showing positive optimism. Reserve bank purchases have actually likewise been encouraging of gold. According to the CME FedWatch tool, traders are pricing in a more than 70% possibility of rates of interest cuts by June.

    Secret financial information slated for release consists of German Final CPI m/m from Euro Zone and Core CPI m/m, CPI m/m, CPI y/y from United States Zone.

  • March 12, 2024 08:26

    Stock exchange updates today:

    ICICI Lombard: Gross Direct Premium up 38.6%, April-February market share up 35 bps

    Auro Pharma: Company states approval of compliance with WHO GMP by who prequalification system evaluation services group

    Pitti Engineering: Company indications conclusive arrangement to get Bagadia Chaitra Industries at 124.92 crore

    Astrazeneca Pharma: Company and humanity pharma partner to speed up access to asthma medication for clients in India

    Venus Remedies: Company protected great production practices approval from UNICEF.

    Wipro: Company broadens collaboration with Nutanix to introduce brand-new Nutanix organization system

    RVNL: Company emerges least expensive bidder for Maharashtra Metro Project worth 339.23 crore

    Vardhman Poly: Board conference on March 28 to think about and authorize sub-division/ split of shares

    Suven Pharma: Company has actually revealed a proposed merger with Cohance life sciences

    HG Infra: Company gets letter of intent worth Rs 862 crore from NHAI for task in Andhra Pradesh

    JWL: Company gets order worth Rs 957 crore from the Ministry Of Railways for producing and supply of BOSM Wagons

    HIL: Company has actually signed an arrangement with Crestia Polytech for the acquisition of Topline at a business worth of 265 crore.

    ITC: British American Tobacco (BAT) is preparing to offer up to $2-3 billion of ITC in block trades today.

    ITC: Company obtains share of Sproutlife Foods for Rs 50 cr

    AB Capital: Company authorized plan of amalgamation of system aditya birla financing with co.

    Canara Bank: Revises one year MCLR to 8.9% from 8.85%.

    PFC: Board states 3rd interim dividend of Rs 3/share.

    ESAF Small: The board authorized the proposition to raise funds upto Rs 135 crore by Bonds.

    Adani Ent: Subsidiary will start the study to gather information from lakhs of casual tenement citizens of dharavi to identify eligibility requirements on 18 Mar 2024

    KEI Industries: Board authorizes interim dividend of Rs 3.5/ share

    Star Health: Company's earnings grows 19% year-on-year in February.

    NIACL: Company's earnings grows 4% year-on-year in February.

    KFin Tech: Kotak Bank to offer 2% stake in co through block offers, Kotak Bank aiming to offer upto 34.7 lac shares worth Rs 218 crs

    Indigo: Rakesh Gangwal pares stake in business for Rs 6,785 crore through free market deals.

  • March 12, 2024 08:17

    Stock exchange updates today:

    Arunjyoti Bio Ventures Ltd

    Problem of Equity Shares

    Ex-date: 12 Mar 2024

    Canopy Finance Ltd

    Amalgamation

    Ex-date: 15 Mar 2024

    GUJARAT AMBUJA EXPORTS LTD

    Reward concern 1:1

    Ex-date: 15 Mar 2024

    M. K. Proteins Ltd

    Bonus offer problem 2:1

    Ex-date: 15 Mar 2024

    Waaree Renewable Technologies Ltd

    Stock Split From Rs.10/- to Rs.2/-

    Ex-date: 15 Mar 2024

    Colab Cloud Platforms Ltd

    Reward concern 1:1

    Stock Split From Rs.10/- to Rs.2/-

    Ex-date: 19 Mar 2024

    Kesar India Ltd

    Perk concern 6:1

    Ex-date: 19 Mar 2024

    Rama Steel Tubes Ltd

    Perk concern 2:1

    Ex-date: 19 Mar 2024

    Mishtann Foods Ltd

    Problem of Equity Shares

    Ex-date: 20 Mar 2024

    Paisalo Digital Ltd

    Reward problem 1:1

    Ex-date: 20 Mar 2024

    Refex Industries Limited

    Stock Split From Rs.10/- to Rs.2/-

    Ex-date: 22 Mar 2024

    Garware Technical Fibres Ltd

    Redeem of Shares

    Ex-date: 26 Mar 2024

    UNITED VAN DER HORST LTD

    Stock Split From Rs.10/- to Rs.5/-

    Ex-date: 26 Mar 2024

  • March 12, 2024 08:17

    Stock exchange updates today: GAIL

    Emkay Global Research

    TARGET PRICE (Rs): 145

    We just recently checked out GAIL's Vijaipur website– the business's main area center. Significant pipeline networks like HVJ-DVPL go through it, while coming from lines consist of GREP, VDPL, NFL and VAPL. The Complex homes compressor stations, 2 LPG production plants and a C2-C3 healing plant (liquid feed goes to Pata through HVJ); brand-new systems like green H ₂ (to commission in May-24) in addition to small LNG (ssLNG; currently begun) have actually likewise been established. GAIL is broadening its C2-C3/ LHC capability by 192/100tpd. Mgmt specified that abundant gas materials are getting tighter, thus GAIL might take a look at ethane sourcing from USA for Pata through VLECs, imported through numerous terminals. The ADNOC LNG contracted is, nevertheless, abundant. Vijaipur's continuous net-zero efforts consist of conversion of gas turbines to electrical, 5% H ₂ mixing at C2-C3, and control of fugitive emissions.

  • March 12, 2024 08:16

    Stock exchange updates today: Metal weekly evaluation: Motilal Oswal

    Flat steel rates continue to stay under pressure;

    Tier-I mills might roll over costs for Mar '24 shipments

    Domestic costs for long steel on the IF path, which represents around

    65-70% of the total long steel market, experienced a cost enhancement of

    INR600/t WoW to INR49,500/ t. This boost was driven by greater need

    and increasing basic material expenses.

    In line with the enhancement observed in IF path long steel rates, rates in

    for main rebar the task sector appear to have actually bottomed out, with

    a boost of INR200/t WoW to INR51,800/ t.

    Our company believe, several public vacations in Mar-Apr '24 together with the monetary

    year-end liquidity crunch and downturn in the job section will keep

    the total need for long steel under pressure with only need-based

    purchasing.

    Flat steel rates continue to stay under pressure with costs even more

    decreasing INR400/t WoW at INR52,700/ t. Considering the controlled need,

    greater imports and narrow spreads in between flat-long steel rates, Tier-I

    mills are anticipated to roll over the market price for Mar '24 shipments.

    Greater imports continue to publish near-term difficulties for domestic mills

    with HRC and plates import in Feb '24 at 0.64 mt (up 40% MoM) and imports

    in Mar '24 currently crossing 0.2 mt.

    Indian mills' offerings to the export market have actually stayed suppressed due to

    stiff competitors from manufacturers in China and Vietnam.

  • March 12, 2024 08:15

    Stock exchange updates today: DLF

    Motilal Oswal

    CMP: INR911 TP: INR850 (-7%) Neutral

    Poised for a healthy efficiency in the near term …

    … however appraisals currently consider development and a strong cost CAGR

    Introduce pipeline offers great presence

    Throughout 9MFY24, DLF accomplished reservations of INR133b, going beyond the business's

    full-year assistance of INR130b. The business has actually mostly tired the brand-new

    job pipeline for the present year, and the efficiency in the 4th

    quarter will be driven by INR44b worth of stock at the existing jobs.

    We anticipate reservations to stay flat in FY24 at INR155b.

  • March 12, 2024 08:15


    Motilal Oswal Financial

    – APSEZ clocked a freight volume of 382 MMT in 11 months of FY24, tape-recording 24% YoY development on YTD basis. With a regular monthly freight run rate of ~ 35 MMT (APSEZ dealt with 35.4 MMT of freight in Feb' 24), we anticipate APSEZ to exceed even its modified freight volume assistance of 400 MMT throughout FY24. The logistics service continues to succeed, with YTD rail volume up 21% YoY in FY24.

    – APSEZ is well on track to cross its modified freight volume assistance of 400 MMT throughout FY24. It continues to get market share while producing strong capital and keeping its utilize position, with a net debt-to-EBITDA ratio of 2.5 x since Dec' 23. We increase our volume price quotes by 2-3% for FY24-26.

    – Over FY24-26, we anticipate APSEZ to sign up 10% volume development and a CAGR of 15%/ 16%/ 18% in revenue/EBITDA/PAT. With constant outperformance in freight volumes, we increase the target numerous to 17x EV/EBITDA (earlier 16x) and restate our BUY score with a modified TP of INR1,600

  • March 12, 2024 08:14

    Stock exchange updates today: Researchbytes Analyst App

    https://play.google.com/store/apps/details?id=com.intelegain.rb

    Teleconference Replay offered in Various speeds!

    Researchbytes Events Update

    Since 08:02 AM Tuesday 12 March 2024

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    3:30 PM Jubilant Food

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    Entero Health: (replay)

    https://www.researchbytes.com/webcast.aspx?WID=297426

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  • March 12, 2024 08:10

    Stock exchange updates today: Fitch Affirms Adani Energy at ‘BBB-‘; Outlook Stable

    Fitch Ratings has actually verified India-based Adani Energy Solutions Limited's (AESL, previously referred to as Adani Transmission Limited) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘BBB-‘ with a Stable Outlook. Fitch has actually likewise verified the AESL-guaranteed 4.0% USD500 million senior protected notes due 2026 and 4.25% USD500 million senior protected notes due 2036 at ‘BBB-‘. The notes were provided by AESL's subsidiary, Adani Transmission Step-One Limited

    [7:55 am, 12/03/2024] KS BadriNarayanan: Dhanaraj T has actually taken charge as the Executive Director of Indian Overseas Bank for a three-year term, efficient March 10. Prior to this function, he worked as the Chief General Manager at Indian Bank and started his profession as a Rural Development Officer in 1994.

    Dhanaraj holds an Agricultural Engineering Degree from Tamil Nadu Agricultural University, accompanied by extra credentials such as CAlIB and conclusion of a ‘Leadership Development Program' for PSU bank leaders carried out by IIM-Bangalore. He has actually carried out an ‘Executive program in HR Analytics' (EPHRA) from IIM, Lucknow.

  • March 12, 2024 08:10

    Stock exchange updates today: Star Health: Company's profits grows 19% year-on-year in February.

  • March 12, 2024 08:09

    Stock exchange updates today: KEI Industries: Board authorizes interim dividend of Rs 3.5/ share

  • March 12, 2024 08:09

    Stock exchange updates today: KFin Tech: Kotak Bank to offer 2% stake in co through block offers, Kotak Bank aiming to offer upto 34.7 lac shares worth Rs 218 crs

  • March 12, 2024 08:09

    Stock exchange updates today: Venus Remedies: Company protected excellent production practices approval from UNICEF

  • March 12, 2024 08:08

    Stock exchange updates today: Astrazeneca Pharma: Company and humanity pharma partner to speed up access to asthma medication for clients in India

  • March 12, 2024 08:08

    Stock exchange updates today: ICICI Lombard: Gross Direct Premium up 38.6%, April-February market share up 35 bps

  • March 12, 2024 08:07


    Awesome March futures down 0.66% at a premium of 88.7 points. OI down by 4.3%.

    Nifty Bank March futures down by 1.05% at a premium of 162 points. OI down by 1.7%.

    Nifty Options March 14 Expiry: Maximum Call OI at 23,000 and Maximum Put OI at 21,500.

    Bank Nifty Options March 13 Expiry: Maximum Call OI at 48,000 and Maximum Put OI at 45,500.

  • March 12, 2024 08:07

    Stock exchange updates today: Securities in Ban For Trade Date 12-MAR-2024:

    ABFRL

    HINDCOPPER

    MANAPPURAM

    MGL

    SAIL

    TATACHEM

    ZEEL

  • March 12, 2024 07:14

    Stock exchange updates today: Major U.S. listed stocks result calendar 12.03.2024

    Archer-Daniels-Midland Company (Pre market) (Sector- FMCG)

    On Holding AG (Pre market) (Sector- Textile)

    International Game Technology (Pre market) (Sector- Entertainment)

  • March 12, 2024 07:13

    Stock exchange updates today: Economic Calendar– 12.03.2024

    12:30 U.K. Claimant Count Change (Expected: 20.3 k versus Previous: 14.1 K)

    17.30 INDIA Industrial Production y/y (Expected: 4.1% versus Previous: 3.8%)

    17.30 INDIA Inflation Rate y/y (Expected: 5.02% versus Previous: 5.10%)

    18.00 U.S. CPI y/y (Expected: 0.3% versus Previous: 0.4%)

  • March 12, 2024 06:46

    Stock exchange updates today: Today's Stock Recommendation: March 12, 2024

    Today's Stock Recommendation: March 12, 2024

  • March 12, 2024 06:45

    Stock exchange updates today: Stocks to purchase: APL Apollo Tubes (1,596.25): BUY

    The outlook is bullish for APL Apollo Tubes. The stock has actually remained in a strong uptrend because mid-February this year. The increase over the las 2 trading days has actually taken the share rate well above the 100-Day Moving Average resistance at 1,555. Find out more

  • March 12, 2024 06:44

    Stock exchange updates today: Pitti Engineering purchases Bagadia Chaitra Indus for business worth of 125 crore

    Pitti Engineering has actually signed an arrangement to get Bagadia Chaitra Industries for a business worth of 125 crore. As part of the total factor to consider, PEL will instill approximately 40 crore as financing into BCIPL, on Closing Date, to pay back the existing financial obligation in BCIPL.

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