Share Market HIGHLIGHTS: Nifty gives up 17,650 as D-Street extends losses to 3rd day; ICICI Lombard drops 5%

Gold Rate Today | MCX June 5 futures below Rs 60,150 per 10 grams

MCX near-month futures are down by Rs 344 or 0.6 per cent at Rs 60,144 per 10 grams. At this level, the yellow metal is about two per cent below an all-time high of Rs 61,371 per 10 grams touched this month. 

Global Market LIVE | European equities begin the day in the red ahead of key March inflation reading

European shares start the day struggling below the flatline, as investors await a key monthly reading of inflation in the eurozone for more clues on the ECB’s path of monetary policy in the current cycle of rising benchmark interest rates. The pan-European STOXX 600 index is down 0.2 per cent at this hour, though not far from 14-month highs.

• UK's FTSE 100: down 0.4 per cent
• France's CAC: down 0.1 per cent
• Germany's DAX: down 0.1 per cent

Thank you! That's all today on Zeebiz.com's stock market blog

For all other news related to business, politics, tech, sports and auto, follow us on Twitter, Facebook, LinkedIn and Instagram. 

HCL Tech Q4 results preview | Net profit likely to have shrunk 6% vs previous quarter

HCL Technologies (HCLTECH), India's third largest IT services firm by market value after Tata Consultancy Services (TCS) and Infosys, is all set to report its financial results for the quarter ended March 2023 on Thursday, April 20. According to Zee Business research, HCL Tech is likely to report a net profit of Rs 3,850 crore for the final three months of the financial year gone by compared with the quarter ended March 2022, translating to a sequential decline of six per cent.

Its revenue is estimated to have declined 0.4 per cent sequentially to Rs 26,606 crore, according to the research. Revenue in dollar terms, however, is pegged at $3,257 million for the quarter ended March 2023, up 0.4 per cent compared with the previous three months. 

HCL Tech shares finish the day with a loss of 2.4 per cent at Rs 1,038 apiece on BSE.

Read more on what to expect in HCL Tech Q4 results

Share Market Today | Nifty 50, Sensex extend losses to third day in a row amid weakness in IT, FMCG stocks 

Nifty 50 

Sensex

Share Market Today LIVE | Gland Pharma holds on to much of day's gains after 20% surge

Gland Pharma shares are up 16 per cent at Rs 1,428.4 apiece on BSE, nor far from their highest level of the day so far. Earlier on Wednesday, the pharma stock zoomed by as much as Rs 243.8 or 19.8 per cent to RS 1,475 apiece, trading in huge volumes. 

As the Street enters the last hour of the day's trade, as many as 1.4 lakh Gland Pharma shares have changed hands on the bourse in intraday deals, as against a daily average of 8,886 in the past two weeks, according to provisional exchange data. 

Share Market Tips LIVE | Hold PNB shares, says Shivangi Sarda

Shivangi Sarda of Motilal Oswal Financial Services suggests holding on to Punjab National Bank shares for a target of Rs 52. 

She recommends placing a stop loss at Rs 47. 

Share Market Today LIVE | Sensex, Nifty off day's lows as Reliance, HDFC twins, ITC aid intraday recovery 

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

US Stock Market News | Dow Jones, Nasdaq Composite fall after Johnson & Johnson, Goldman Sachs report weak Q4 results 

The three main Wall Street indices — the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite — finished on a mixed note on Tuesday. The blue-chip gauge Dow Jones declined marginally, after Johnson & Johnson and Goldman Sachs disappointed the Street on the quarterly earnings front. 

Here's where the three US stock market barometers stood at the end of Tuesday's session: 

• Dow Jones: down 10.6 points at 33,976.6
• S&P 500: up 3.6 points or 0.1 per cent at 4,154.9
• Nasdaq Composite: down 4.3 points at 12,153.4

Read more on the April 18 session in the US stock market

Global Market Update | Dow Jones futures down 88 pts, Nasdaq futures down 59 pts, suggest a weak start ahead on Wall Street

Here's what the futures contracts of the three main US stock market indices — the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite — indicate: 

• Dow futures: down 88 points — or 0.3 per cent — at 34,036
• S&P 500 futures: down 11.8 points — or 0.3 per cent — at 4,168.3
• Nasdaq Composite futures: down 58.8 points — or 0.5 per cent — at 13,134.3 

Jindal Steel, SAIL, Nalco: Metals dazzle in trade; what's driving the rally

Metal stocks rally in an otherwise flat market, with Tata Steel and JSW Steel leading the gains in the basket. Firm metal prices and encouraging auto production data from China are among the key factors behind the rise in metal shares. 

Read more on metal shares

New Kid on the Block | BMEL Land Assets locked in lower circuit at Rs 275.7 per share 

The stock of BMEL Land Assets (BLAL) — the BMEL subsidiary whose shares debuted on the bourses this morning — remains frozen at Rs 275.7 apiece on BSE.

Image: BSE

Share Market Today LIVE | Infosys, TCS, HCL Tech, LTIMindtree pull Nifty IT lower 

Share Market Tips LIVE | Mphasis, Aurobindo Pharma, Granules India among analysts' top recommendations in 'Pick of the Day'

• Sumeet Bagadia suggests buying Max Financial shares for targets of Rs 670 and Rs 680 with a stop loss at Rs 632 
• Rakesh Bansal has a 'buy' recommendation on Granules India for a target price of Rs 313 with a stop loss at Rs 293 
• Kunal Saraogi likes Aurobindo Pharma for targets of Rs 590 and Rs 610 with a stop loss at Rs 566

Check out the full list of stock recommendations

New listing | BEML Land Assets (BLAL) debut at Rs  290/share on BSE, Rs 287/share on NSE, in line with market expectations

BEML Land Assets begins trading under the symbol BLAL on bourses. The stock begins its journey at Rs 290.2 apiece on BSE and Rs 287 apiece on NSE, in line with market expectations. 

Zee Business Managing Editor Anil Singhvi had predicted BEML's non-core assets to list at Rs 270-300 per share. 

Anil Singhvi strategy LIVE | Strong Nifty base at 17,500-17,575, buy zone in Nifty Bank at 41,525-41,725

Zee Business Managing Editor Anil Singhvi expects strong support for the Nifty50 benchmark coming in at 17,500-17,575 levels today.

For the Nifty Bank, the market wizard sees support emerging at 41,800-42,000 levels and a strong buy zone in the 41,525-41,725 band.

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

Share Market Today LIVE | Sensex drops over 150 pts, Nifty 50 below 17,650

Both headline indices decline as much as 0.3 per cent within the first few minutes of trade. The Nifty 50 sheds 48.4 points to 17,611.8 at the weakest level of the day so far, and the Sensex slips to as low as 59,558.1, 168.9 points below its previous close. 

Here's how their intraday charts are building up:

Nifty 50 LIVE

Image: NSE

Sensex LIVE

Image: BSE

Read more on early trade on Dalal Street

Forex Market Update | Rupee opens weaker at 82.09 vs US dollar

The rupee begins the day with a loss of seven paise compared with its previous close. 

Share Market Today LIVE | Sensex up 19 pts at 59,746, Nifty 50 at 17,653 in pre-opening session

Share Market Today | Mastek, SBI, ICICI Lombard, oil refinery, IT stocks in focus 

• Some of the companies slated to report their quarterly numbers on Wednesday are Tata Communications, ICICI Securities and Mastek.
• ICICI Lombard on Tuesday reported a strong set of Q4 results. Its net profit rose 40 per cent to Rs 437 crore. 
• SBI will issue senior unsecured notes to raise up to $2 billion.

Check out the full list of stocks to track today

Share Market Today LIVE | SGX Nifty futures point to a muted start on Dalal Street

Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty 50 index — are down 15.5 points or 0.1 per cent at 17,706 at this hour, having gyrated in a range of 75.5 points — between 17,662 and 17,737.5 — 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!