Share Market HIGHLIGHTS: Nifty 50 sinks below 16,950, Sensex ends down 398 pts as financial stocks weigh on market

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Share Market Update | Nifty gives up psychologically-important 17,000 level to only stop at 16,945; Sensex loses 687.5 pts in two days

The Nifty finishes the volatile day with a loss of 131.9 points or 0.8 per cent at 16,945.1, having broadly moved within a band of 16,900-17,100 during the session. 

The Sensex ends at 57,527.1, down 398.2 points or 0.7 per cent for the day, after gyrating in a range of more than 600 points — between 57,423 and 58,066.4 — during the session. 

Here's how both the main indices moved through the day: 

Nifty 50 

Sensex

Share Market Today LIVE | RVNL board approves Re 1.77 dividend (17.7%)  

Global Market LIVE | Dow Jones, S&P 500, Nasdaq Composite futures down around half a per cent, indicate a weak start ahead in US stock market today

Here's where the futures contracts of the three main Wall Street indices — the Dow Jones Industrial Average, the S&P 500 and the megacap tech stocks-heavy Nasdaq Composite — stand at this hour:

• Dow Jones: down 183 points — or 0.6 per cent — at 32,136 
• S&P 500: down 18.8 points — or 0.5 per cent — at 3,959.3
• Nasdaq Composite: down 41 points — or 0.3 per cent — at 12,813 

BREAKING | 5 TOP EXECUTIVES OF NYKAA QUIT 

Nykaa shares recover much of the day's losses after falling as much as 2.5 per cent to Rs 134.7 apiece on the bourse after the news. The stock is down 0.2 per cent at Rs 137.8 apiece. 

Image: BSE

Global Market LIVE | European share markets begin day in the red; UBS tanks over 6% 

European markets suffer losses in the first few minutes of trade, amid heavy selling in banking shares, with the pan-continental Stoxx 600 index trading 1.2 per cent lower at this hour. Banking shares are under pressure once again after a tumultuous week that saw investors concerned that the worst of the sector's problems since the 2008 financial crisis are not yet contained.

UBS Group shares are down 6.4 per cent at this hour, part of the STXE 600 Banks index. The index of top European lenders is down 2.2 per cent. 

Here's where some of the key indices of the region look like: 

Share Market Tips LIVE | Buy HDFC Bank shares for 1-3 years, says Anil Singhvi

Zee Business Managing Editor Anil Singhvi has lined up targets of Rs 1,850, Rs 2,200 and Rs 2,500 apiece for HDFC Bank shares with a perspective of 1-3 years.

His highest target implies an upside potential of about 60 per cent in the stock of the biggest bank in the country by market value. 

Check out the full list of Anil Singhvi's long-term top wealth creation picks

EDITOR'S TAKE | Anil Singhvi says Such STT changes on Budget day would have caused havoc in market  

Reacting to the STT news, Zee Business Managing Editor Anil Singhvi says such an announcement on the day of presentation of the Union Budget in Parliament would have created havoc in the market.

"From that perspective, in a way, the market today is taking the STT news quite calmly," he says. 

One can expect clarity on the matter from the finance ministry soon, he adds. 

Finance Bill 2023 passed | Amendments to hike securities transaction tax on F&O contracts by up to 25% 

Securities transaction tax or STT is a tax levied on transactions in different segments of the Indian stock market. 

Here are some highlights, as per certain amendments to the Finance Bill 2023:

• STT on options contracts raised to 0.021 per cent from 0.017 per cent earlier
• STT on futures contracts increased to 0.0125 per cent from 0.01 per cent
• Hike to take effect from April 1

Share Market Today LIVE | Emami board clears plan to buy back stock via open market route 

Emami shares weaken by as much as Rs 5.1 or 1.4 per cent to Rs 359.2 apiece on BSE, after the FMCG company's board gives nod to a stock buyback plan through the open market route. 

The buyback is at a price of Rs 450 per share. 

Image: BSE

Share Market Today LIVE | Emami board clears plan to buy back stock via open market route 

Emami shares weaken by as much as Rs 5.1 or 1.4 per cent to Rs 359.2 apiece on BSE, after the FMCG company's board gives nod to a stock buyback plan through the open market route. 

The buyback is at a price of Rs 450 per share. 

Image: BSE

Stock Market Today LIVE | Campus Activewear shares remain deep in the red after TPG exits company in big block deal  

Campus Activewear shares tumble by Rs 31.6 or 8.6 per cent to hit Rs 337.5 apiece on BSE at the weakest level of the day, after private equity firm TPG sells its entire 7 .62 per cent stake in the sports and athleisure footwear company in a large block deal.

Here are two important things to know:

• Total size of the deal at Rs Rs 800 crore
• Stake sold at Rs 345 per share, 6.5 per cent discount to previous close 

At this hour, the stock is down 7.2 per cent at Rs 342.5 apiece on the bourse. As many as 16.4 lakh Campus shares have changed hands so far today, as against a daily average of 34,000 over the past two weeks, according to provisional exchange data.

Catch the full list of stocks in focus today

Share Market Today LIVE | SAIL down 3% as stock trades ex-dividend

Steel Authority of India Ltd (SAIL) shares are trading ex-dividend, down by Rs 2.7 or 3.1 per cent at Rs 83.1 apiece on BSE at this hour, having fallen as much as 3.6 per cent earlier in the day.

Image: BSE

Catch the full list of stocks in focus today

Nifty LIVE | Infosys, TCS help headline index hold 17,050 as RIL, Bajaj Finance weigh on market

Here's a look at the heatmap in the 50-scrip universe by weight:

Share Market Today LIVE | RVNL shares hold on to green as board meets to consider dividend 

Rail Vikas Nigam Ltd (RVNL) shares rise by as much as Re 1.5 or 2.4 per cent to Rs 66.2 apiece on BSE. The company has also won a road project in Gujarat as part of its joint venture with Rachana, RVNL JV.

Read more on RVNL shares | Anil Singhvi shares his top wealth creation picks, expects two of them to double!

EDITOR'S TAKE | Anil Singhvi shares long-term wealth creation buy calls, expects two of them to double! 

Check out the complete list of Anil Singhvi's long-term wealth creation buy calls, his target prices and rationale

Accenture results, guidance | Profit beats analysts' estimates on the back of robust demand; revenue, EPS guidance lowered 

Here are some highlights from Accenture's latest announcements: 

• Revenue up 5.1 per cent at $15.8 billion, better than estimates; according to Zee Business research, quarterly revenue was pegged at $15.59 billion

• Guidance for revenue growth trimmed to 8-10 per cent from 8-11 per cent

• Guidance for EPS lowered to $10.84-11.05 from $11.20-$11.52

• About 2.5 per cent of Accenture's workforce to be laid off (19,000 jobs)

Read more on Accenture results, guidance, layoffs

Share Market Today LIVE | TCSTCS, Infosys, Wipro, HCL Tech rise 1% as Street cheers Accenture's better-than-expected results, digests guidance

Read more on TCS, Infosys, Wipro, other IT shares, Accenture results

Share Market Today LIVE | TCS, Infosys stocks rise, lead gains across Nifty IT after Accenture results

The Nifty IT index — whose 10 constituents include TCS, Infosys, Wipro, Tech Mahindra and HCL Tech — gains as much as 1.6 per cent in early deals. 

Here's a look at the top boosts for the IT index by weight at this hour:

Share Market Tips LIVE | Buy ITC shares, says Rakesh Bansal    

In an interaction with Zee Business Managing Editor Anil Singhvi, Rakesh Bansal of Rakesh Bansal Ventures recommends buying ITC shares for the long term, for targets to the tune of Rs 700-750 with a stop loss at Rs 325. 

Share Market Today LIVE | Nifty 50, Sensex inch higher; TCS, Infosys, HCL Tech top gainers after Accenture results

Both headline indices rise as much as 0.2 per cent in the first few minutes of trade after a nearly flat start.

The Nifty 50 gains 32.6 points to touch 17,109.5 at the strongest level of the day so far, and the Sensex climbs up to as high as 58,066.4, up 141.1 points from its previous close.  

Here's how the intraday charts are building up for both indices:

Nifty LIVE

Sensex LIVE

Share Market Today LIVE | SGX Nifty futures fall nearly 50 pts, indicate a lower start ahead for Nifty 50; Sensex to follow suit 

Singapore Exchange (SGX) futures — an early indicator of the Nifty 50 index — falls as much as 48.5 points — or 0.3 per cent — to 17,035 ahead of the opening bell in the Indian stock market. This suggests a mildly negative start for headline indices such as the Nifty 50. 

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