Markets

Why is Indian stock market down today — explained with 5 crucial reasons

Stock market today: Following weak global Asian stock markets after a trend reversal by the Central Bank of Japan, the Indian stock market witnessed sharp selling pressure during Tuesday deals. The Nifty 50 index opened below the psychological 22,000 mark and went on to touch an intraday low of 21,817 mark, logging an intrada loss of 238 points or more than one percent dip against Monday’s close of 22,055…

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Sensex, Nifty tank in early trade amid weak Asian markets, foreign fund outflows

Benchmark equity indices Sensex and Nifty declined in early trade on Tuesday, March 19, 2024, in-tandem with weak Asian markets and fresh foreign fund outflows. Also, investors turned cautious ahead of the US Fed interest rate decision this week. The 30-share BSE Sensex tanked 420.56 points to 72,327.86 after opening on a weak note. The NSE Nifty declined 126.35 points to 21,929.35. From the Sensex basket, Tata Consultancy Services,…

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TCS Shares Down 2% After 2.2 Crore Shares Worth Rs 8,900 Crore Change Hands; Details – News18

Last Updated: March 19, 2024, 09:45 IST TCS slipped 2 per cent to Rs 4,055 amid reports that Tata Sons was to divest a 0.65 per cent stake (23.4 million shares) via block deal at a floor price of Rs 4,001 per share today. Shares changed hands at an average price of Rs 4,043 per share, taking the total transaction value to Rs 8,894 crore. The offer price for…

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Day trading guide for stock market today: Nine stocks to buy or sell on Tuesday

Day trading guide for stock market today On the outlook for the Nifty 50 index, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities said, “The short-term trend of the Nifty 50 index remains positive with range-bound action. A decisive break below the support of 21900-21850 is likely to drag the Nifty down to 21500 levels in a quick period. Any upside bounce from here could encounter a strong…

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Stocks to Watch: TCS, Tata Steel, HG Infra, AB Sun Life, PG India, LT Finance, and Others – News18

Last Updated: March 19, 2024, 08:13 IST Stocks To Watch on March 19: Benchmark indices closed higher in a highly volatile trade on Monday as investors turned cautious ahead of the US Fed’s interest rate decision. In today’s trade, shares of L&T Finance, AB Sun Life, TCS, Tata Steel, P&G India among others will be in focus due to various developments. L&T Finance: The Board of L&T Finance Holdings…

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Popular Vehicles IPO listing date today. What GMP, experts signal subdued debut

Popular Vehicles IPO: The listing date of the initial public offering (IPO) of Popular Vehicles and Services Limited has been fixed on 19th March 2024 i.e. today. As per the information available on the BSE website, Popular Vehicles IPO will be listed on BSE and NSE in a special pre-open session on Tuesday, 19th March 2024. “Trading Members of the Exchange are hereby informed that effective from Tuesday, March…

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TVS Motor, Kama Holdings, KEI Industries, Sudarshan Chemical stocks to trade ex-dividend

Dividend stocks: Shares of TVS Motor Company Ltd, Kama Holdings Limited, KEI Industries Ltd, Sudarshan Chemical Industries Ltd, Colab Cloud Platforms Ltd, Kesar India Ltd, and Rama Steel Tubes Ltd will be in focus when the stock market opens on March 19 (Tuesday). The Board of Directors of the 7 companies have declared interim dividend, bonus issue, and stock split for their eligible shareholders. The record date by the…

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Aditya Birla Sun Life AMC promoters to sell up to 11.47% stake via OFS

Aditya Birla Capital and Sun Life (India) AMC Investments have granted approval today, March 18, for the sale of a maximum of 2.01 crore shares of Aditya Birla Sun Life AMC. This sale represents 7 percent of the company’s issued and paid-up equity share capital.  The sale will be conducted through an offer for sale (OFS) with the aim of meeting the minimum public shareholding requirement of Aditya Birla…

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US stocks rally, megacaps lift Nasdaq higher

US stocks rallied on Monday, as megacaps lifted Nasdaq higher ahead of the US Federal Reserve’s meeting this week. Fed policymakers are widely expected to keep interest rate unchanged as inflation data released last week showed that the consumer prices in the US rose in February. At 9:34 a.m. ET, the Dow Jones Industrial Average was up 150.05 points, or 0.39 per cent, at 38,864.82, the S&P 500 was…

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Why Dalal Street’s one-time darlings are struggling to keep the romance going

HDFC Bank, HUL and Asian Paints have for long been the undisputed leaders of their industries. But the stocks’ recent spell of underperformance has starkly demonstrated the market’s most pervasive disclaimer—past performance is no guarantee of future results. And yes, size does matter. Source link

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Why HPCL is more vulnerable to fuel price cuts than peers

Hindustan Petroleum Corp. Ltd’s (HPCL) shares are down nearly 30% after hitting a lifetime high of ₹595 apiece on 16 February. The decline may indicate that investors are anxious to book profits because of concerns about a potential cut in fuel prices ahead of the upcoming general elections. These fears have come true with the government announcing a price cut of ₹2 per litre for petrol and diesel. This…

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Stock markets settle higher in volatile trade; metal, auto shares shine

From the Sensex basket, Tata Steel jumped more than 5%. Mahindra & Mahindra, JSW Steel, Tata Motors, Axis Bank, Sun Pharma, Reliance Industries and Maruti were the other biggest gainers. | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty closed marginally higher in a volatile trade on March 18 as cautious investors preferred to remain on the sidelines ahead of the U.S. Fed interest rate decision this week…

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Infosys Founder Narayana Murthy Gifts 4-Month-Old Grandson Shares Worth Rs 240 Crore – News18

Last Updated: March 18, 2024, 15:39 IST Infosys founder Narayana Murthy has given shares valued at over Rs 240 crore to his four-month-old grandson, Ekagrah Rohan Murty, potentially making him India’s youngest millionaire, according to a filing by the company on the exchanges. The exchange filing revealed that Ekagrah now owns 1,500,000 shares, equivalent to a 0.04 per cent stake, in India’s second-largest information technology services company. Post this…

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US Fed meet in focus: Will the Fed give clear signals on rate cuts?

For nearly a year, the world has eagerly awaited clear indications of rate cuts from the Fed, yet the central bank has consistently emphasized the possibility of prolonged higher rates. There are no expectations of a cut at this juncture but hopes are alive that the Fed will go for a cut in June this year. Meanwhile, inflation remains above the Fed’s 2 per cent target. The US Consumer…

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Adani Bonds, Shares In Red On News Of US Govt Widening Probe – News18

Last Updated: March 18, 2024, 13:45 IST Adani Green was trading with deep cuts in morning trade Adani Shares Today: Earlier in the morning, the stocks had dropped up to 8% before paring some of those losses. Shares of all 10 Adani group companies traded lower on March 18 after Bloomberg reported that the US government had widened its investigation of the conglomerate over suspicions of bribery. A note…

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Krystal IPO oversubscribed on the last day of the bidding process. Details here

On the second day, Krystal Integrated Services IPO was booked 70%, as per BSE data. The NII section garnered the highest subscription rate (1.15 times), followed by the retail category (58% subscription) and QIBs (57% subscription). “Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!” Click here! Also Read: Krystal Integrated Services IPO: GMP, subscription…

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Markets surrender early gains to trade lower; Sensex quotes 118 points lower

From the Sensex basket, Mahindra & Mahindra, Tata Steel, JSW Steel, Axis Bank, Tata Motors and HCL Technologies were the gainers. | Photo Credit: Reuters Benchmark equity indices faced volatile trends in early trade on March 18, surrendering their initial gains to trade lower, following a weak lead from Wall Street and rising crude oil prices. The 30-share BSE Sensex climbed 126.36 points to 72,769.79 in early trade after…

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KPI Green Energy share price hits 5% upper circuit

KPI Green Energy share price hit its 5 per cent upper circuit of ₹1,526 in early trade on BSE on Monday, March 18. (More to come) Milestone Alert! Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more. Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it’s all here, just…

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