Share Market HIGHLIGHTS: Nifty 50 reclaims 17,100, Sensex back above 58,000; HDFC Bank, ICICI Bank aid 500-point surge in banking index

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Dividend News | SBI Card declares 25% dividend

SBI Cards & Payment Systems' board approves a dividend of Rs 2.5 per share — a 25 per cent payout.

SBI Card shares finished the day with a gain of Rs 7 or one per cent at Rs 717.5 apiece on the bourse ahead of the dividend news.

Global Market Update | Dow Jones futures jump over 250 pts, indicate positive start ahead on Wall Street; S&P 500, Nasdaq Composite follow suit

The futures contracts of the three main Wall Street indices — the Dow Jones Industrial Average, the S&P 500 and the US megacap tech stocks-heavy Nasdaq Composite — suggest a gap-up start ahead in the US market today. 

• Dow Jones futures: up 272 points — or 0.8 per cent — at 32,728 
• S&P 500 futures: up 26.5 points — or 0.7 per cent — at 4,009.5
• Nasdaq futures: up 38.8 points — or 0.3 per cent — at 12,727.5

Share Market Update | Nifty 50 reclaims 17,100, Sensex rises 446 pts to end at 58,075; Nifty Bank soars over 500 pts driven by HDFC Bank, ICICI Bank

Both headline indices finish the strong session three-quarters of a per cent higher. The Nifty leaps 119.1 points to end at 17,107.5 and the Sensex adds 446 points for the day to 58,074.7.

Here's how the indices moved through the day: 

Nifty 50

Sensex

Read more on the March 21 session

Nifty LIVE | Reliance, ICICI Bank, HDFC twins, Axis Bank top movers

Here's a look at the heatmap in the 50-scrip blue-chip basket:

Share Market Today LIVE | Saregama, CSB Bank, Anupam Rasayan, Sterling & Wilson Renewable rise most among some 325 gainers in BSE 500 universe

On the other hand, Capri Global Capital, GMR Infra and Teamlease are the top laggards in the 500-scrip basket.

Share Market Tips LIVE | HDFC AMC, Hero MotoCorp, 5 other stocks analysts recommend buying for up to 59% return

Check out the complete list along with target prices here

Stock Market Tips LIVE | Buy Bank of Baroda, Shriram Finance shares, says Shilpa Rout 

Shilpa Rout of Prabhudas Lilladher shares two trading calls with Zee Business viewers:

• Buy Bank of Baroda for targets of Rs 168 and Rs 171 with a stop loss at Rs 159
• Buy Shriram Finance for targets of Rs 1,285 and Rs 1,330 with a stop loss at Rs 1,220
   

Share Market Today LIVE | IndiGo shares rise after airline's monthly traffic rises 37% above pre-COVID levels  

The stock of InterGlobe Aviation — the operator of airline IndiGo — rise by as much as Rs 51.4 or 2.8 per cent to Rs 1,907.8 apiece on BSE. The airline's passenger traffic grew 71 per cent on a year-on-year basis in February 2023. 

According to Morgan Stanley, the valuation of IndiGo is attractive though the stake sale by promoters is an overhang. The brokerage has an 'overweight' rating on IndiGo. 

Sensex LIVE | Reliance, ICICI Bank, Bajaj Finance, Larsen & Toubro, Bharti Airtel top boosts for index

Here's a look at the top movers and shakers in the 30-scrip basket at this hour. 

Share Market Tips LIVE | Mehul Kothari recommends buying 17,100 call option 

Mehul Kothari of Anand Rathi Shares & Stock Brokers has one derivative recommendation for Zee Business viewers. He suggest buying the 17,100 call option of the 50-scrip Nifty index at Rs 68 for a target of Rs 100-150 with a stop loss at Rs 30.

Share Market LIVE Today | RBL Bank shares in demand as investors digest RBI action over recovery agent norms 

RBL Bank shares hold on firmly to the green, rising by as much as Rs 3.5 or 2.5 per cent to Rs 140.6 apiece on BSE. On Monday, the RBI imposed a penalty on the private sector lender for non-compliance with norms related to recovery agents. 

The RBI said that the penalty has been imposed for non-compliance with certain provisions of:

• Internal Ombudsman Scheme, 2018
• Fair Practices Code for Lenders
• Credit Card Operations of Banks
• Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks
• Recovery Agents engaged by Banks

Read more on RBO action on RBL Bank 

Stock Market Tips LIVE | Buy Larsen & Toubro, Axis Bank shares, says Shivangi Sarda

Shivangi Sarda of Motilal Oswal Financial Services shares two recommendations with Zee Business viewers: 

• Buy Larsen & Toubro (LT) for a target of Rs 2,310 with a stop loss at Rs 2,180 
• Buy Axis Bank (AXISBANK) for a target of Rs 880 with a stop loss at Rs 830 

Global Market Update | Dow Jones futures barely in the green, indicate a muted start ahead in US stock market later today 

Here what the futures contracts of the three main US share market — the Dow Jones Industrial Average, the S&P 500 and the US megacap tech stocks-heavy Nasdaq Composite — indicate at this hour:   

• Dow Jones: up nine pts at 32,465
• S&P 500: up 2.8 pts at 3,985.8 
• Nasdaq Composite: up 9.8 pts at 12,698.3

Global Market Update | Asian equities rise as Credit Suisse rescue allays concerns about contagion in financial shares

Other major markets across Asia hold on firmly to the green, as the rescue of Credit Suisse stems heavy selling in bank shares, with MSCI's broadest index of Asia-Pacific shares outside Japan trading up 0.5 per cent at this hour. 

Here's how some of the major gauges are faring:

• China's Shanghai Composite: up 0.2 per cent
• Hong Kong's Hang Seng: up 0.3 per cent
• Singapore's Straits Times: up 1.3 per cent
• South Korea's KOSPI: up 0.2 per cent
• Japan's Nikkei 225: market shut for Spring Equinox holiday

Investors the world over await a key rate decision by the Fed due this month. 

Anil Singhvi's Wealth Creation Pick | Buy Tata Motors, Tata group carmaker has vision & capacity to be India's Tesla

Zee Business Managing Editor Anil Singhvi recommends going long on Tata Motors shares as a wealth creation bet to play the EV theme over the next 1-3 years. Singhvi believes Tata Motors has the vision and capacity to become India's Tesla. 

Singhvi is of the view that levels about Rs 30 below the current market price can be a good entry point in Tata Motors shares, and investors can accumulate for targets of Rs 550 and Rs 700. 

He is positive on the company's strong management. 

Here are some highlights of what Anil Singhvi says on Tata Motors:

• Until now, Tata Motors was always gauged by JLR performance 
• Indian passenger vehicle business looking strong
• International business (China & Europe) also set to improve significantly over 6-9 months
• Globally, it is the cheapest stock among luxury auto makers
• In next financial year, Tata Motors will be firing on all cylinders; full fledged growth expected
   

Share Market Today LIVE | Nifty 50 touches 17,083 at strongest level in early deals led by Reliance, ICICI Bank, Bajaj Finance

Both headline indices rise as much as 0.6 per cent in early deals.

Here's how the charts are building up for Nifty 50 and Sensex:

Nifty LIVE

The headline index gains 94.9 points to touch 17,083.3 at the strongest level of the day so far. 

Sensex LIVE

The Sensex rises as much as 334.3 points to touch 57,963.3 on the upside.  

Share Market Today LIVE | Nifty 50 climbs to 17,060, Sensex rises over 300 pts in pre-opening session  

In the pre-open market, the Sensex finishes 334.3 points or 0.6 per cent at 57,963.3 and the Nifty50 settles at 17,060.4, up 72 points or 0.4 per cent from its previous close. 

Anil Singhvi Market Strategy | Support for Nifty50 at 16,850-16,925 levels, for Nifty Bank at 38,935-39,135 levels

Zee Business Managing Editor Anil Singhvi sees a strong buy zone for the Nifty50 benchmark coming in at 16,750-16,825 levels, and for the banking index in the 38,450-38,625 band. 

Read more on how Anil Singhvi views the Indian stock market today and what he recommends

Share Market Update | Nifty lost over 100 pts to give up 17,000 on Monday, Sensex fell 361 pts to 57,629

Both headline indices finished Monday's session with losses of 0.6-0.7 per cent. The Sensex closed down 361 points at 57,629 and the Nifty at 16,988.4, down 111.7 points from its previous close.

Here's how the Nifty 50 moved through the day: 

Read more on the March 20 session

Share Market Today LIVE | SGX Nifty futures gain over 100 pts, indicate higher start for Nifty 50 today

Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty index — are up 72 points or 0.4 per cent at 17,096.5, having risen as much as 89 points to 17,113.5 earlier in the day. 

Good morning! Welcome to Zeebiz.com's blog on the stock market today

Follow this space to catch minute-by-minute market action, the views of Zee Business Managing Editor Anil Singhvi and other experts, investment ideas, stock picks, brokerage calls and much more through the day. 

Happy trading, and happy investing!