Share Market HIGHLIGHTS: Sensex ends 415 pts higher, Nifty50 reclaims 17,700 led by IT, financial shares; Infosys, TCS among top movers

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Dow Jones futures flat, indicate muted start ahead in US stock market today

The futures contracts of the three main Wall Street indices — the Dow Jones, the S&P 500 and the tech stocks-heavy Nasdaq Composite — fail to make it to the green, though having recovered much of their losses for the day ahead of the opening bell in the US share market.   

• Dow Jones futures: down 13 pts at 33,401, having declined as much as 60 pts to 33,354 earlier in the day
• S&P 500 futures: down 1.3 pt at 4,048.5
• Nasdaq Composite: down one pt at 12,310.3

Global Market LIVE | European markets begin the day in the green; all eyes on monthly euro zone retail sales data due today 

European markets log mild gains in early hours, with the continent-wide Stoxx 600 index quoting 0.2 per cent higher at this hour.

• UK's FTSE: flat
• France's CAC: up 0.5 per cent
• Germany's DAX: up 0.3 per cent

Sovereign Gold Bond Scheme 2023 | Subscription window to remain open till Friday, issue price at Rs 5,611/gram

The gold bond scheme, which opened for subscription on Monday, will remain open for three more days this week till Friday. The current tranche is available at Rs 5,611 per gram.

Those applying online will get a special rate of Rs 5,561 per gram —  a discount of Rs 50 per gram to the issue price. 

The fourth tranch of the SGB for the year ending March 2023 will be settled on March 14.

Share Market Update | Sensex ends 415 pts higher, Nifty50 reclaims 17,700 as IT, financial shares help headline indices extend gains to second straight day

Both main gauges finish the day 0.7 per cent stronger. The Sensex ends 415.5 points hgiher at 60,224.5, having jumped as much as 689.5 points during the session. The Nifty50 settles at 60,498.5, up 117.1 points from its previous close, after touching the 17,800 mark in intraday trade. 

Here's how the Sensex and the Nifty50 moved through the day: 

Sensex

Nifty50

Sensex LIVE | Tata Motors, PowerGrid, NTPC, Bajaj Finserv, Infosys rise most among 24 gainers in 30-scrip basket

Share Market Tips LIVE | Arpit Beriwal suggests buying NTPC, Cummins shares

Motilal Oswal Financial Services's Arpit Beriwal shares two trade recommendations: 

• Buy NTPC for a target of Rs 185 with a stop loss at Rs 171 
• Buy Cummins for a target of Rs 1,700 with a stop loss at Rs 1,580 

Share Market Tips LIVE | Arpit Beriwal recommends buying Nifty futures, target 17,950 

Arpit Beriwal of Motilal Oswal Financial Services suggests buying Nifty50 futures at 17,800 for a target of 17,950 with a stop loss at 17,700.

Share market Tips LIVE | Buy ONGC, Coal India, says Nirav Chheda

Nirmal Bang Securities' Nirav Chheda also shares two trade recommendations with Zee Business viewers:  

• Buy ONGC for a target of Rs 170 with a stop loss at Rs 152 
• Buy Coal India for a target of Rs 240 with a stop loss at Rs 219 

Nifty Bank Tips LIVE | Nirav Chheda recommends selling Bank Nifty futures, target 40,800 

Nirav Chheda of Nirmal Bang Securities suggests going short on the banking index futures for a target of 40,800 with a stop loss at 41,800. 

Sensex LIVE Today | Infosys, Reliance, HDFC twins top boosts for Sensex

The four stocks — Infosys, Reliance, HDFC Bank and HDFC — account for almost 350 points in the rise in the 30-scrip index.

Share Market LIVE Today | MGL shares touch 52-week high

Mahanagar Gas Ltd (MGL) shares are trading within Rs 22 of a 52-week high touched in intraday trade. The stock is up by Rs 54.9 or 6.1 per cent at 961.5 apiece on BSE, trading with huge volumes. As many as 1.5 lakh MGL shares have changed hands on the bourse so far today, as against a daily average of 11,000 in the past two weeks, according to provisional exchange data. 

MGL shares rose by Rs 77 or 8.5 per cent to touch Rs 983.6 at the strongest level of the day. 

Read more on Mahanagar Gas shares

Stock Market Tips LIVE | SBI, Nykaa, HDFC Bank, Canara Bank, other stocks analysts recommend for up to 46% returns

Check out the complete list

Stocks to buy this Holi | Asian Paints, Whirlpool, Tata Chemicals, LTTS on analysts' 'buy' list for you

In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Himanshu Gupta, Sumeet Bagadia and Sandeep Jain share their top recommendations to mark the occasion of Holi 2023.

Rakesh Bansal suggests buying HDFC Bank and Whirlpool shares. He has a target price of Rs 1,656 for HDFC Bank and Rs 1,365-1,380 for Whirlpool.

Sumeet Bagadia recommends going long on Asian Paints shares for targets of Rs 2,900 and Rs 2,950.

Check out the complete list of their recommendations along with target price and stop loss

Share Market LIVE | Britannia shares fall 3% after CLSA downgrade to 'sell', target price cut

Britannia shares drop by as much as Rs 124.4 or 2.8 per cent to Rs 4,290 apiece on BSE. CLSA has downgraded Britannia to 'sell' from 'underperform' and reduced its target price to Rs 4,060 from Rs 4,525 citing margin pressure owing to high inflation in wheat and milk.

Wheat and milk are among the key raw materials Britannia uses to manufacture its products.

CLSA reduced its earnings estimates for Britannia for 2023, 2024 and 2025 by 1-11 per cent. Although CLSA is positive on Britannia's long-term outlook, it highlighted that its stock has run up more than 30 per cent in the past one year. 

The rating action on the Bengaluru-based FMCG company — whose popular brands include Tiger, Milk Bikis, Good Day, Crackers, NutriChoice and Marie Gold — comes at a time when major central banks are struggling to curb red-hot inflation without hurting economic growth. 

Read more on Britannia shares

Share Mraket Tips LIVE | Buy Godfrey Phillips, Mahindra CIE, says Jay Thakkar 

Jay A Thakkar of Sharekhan shares two recommendations with Zee Business viewers: 

Buy Godfrey Phillips | Target: Rs 2,600

Thakkar recommends Godfrey Phillips as a positional pick with a perspective of 2-3 months. "The stock has consolidated in a range of Rs 450-500 in the past 2-3 months and expected to stage a breakout as a fresh move appears to have started," says Thakkar, who has a target price of Rs 2,600 for the stock with a stop loss at Rs 1,770. 

Buy Mahindra CIE shares | Target: Rs 750

Thakkar has a 'buy' call on Mahindra CIE for a target of Rs 750 with a perspective of 9-12 months. He suggests a stop loss at Rs 320. 

Share Market LIVE Today | Sensex surges over 600 pts, Nifty50 crosses 17,750

Both headline indices gain as much as one per cent in the first few minutes of trade. The Sensex adds 606.2 points to its previous close to touch 60,415.1 on the upside, and the Nifty50 climbs to as high as 17,778, up 183.6 points from its previous close. 

Here's how the headline indices' charts are building up so far this morning: 

Sensex

Nifty50

Share Market Today LIVE | Sensex above 60,000, Nifty at 17,680

The Sensex finishes the pre-opening session at 60,007, up 198.1 points or 0.3 per cent from its previous close, and the Nifty50 up 86 points or 0.5 per cent at 17,680.4.

Share Market Tips Today | Buy, sell or hold strategy on HCL Tech, ONGC, Titan, Vedanta, Nykaa, 15 other stocks 

In this edition of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track today as Dalal Street enters a holiday-truncated week on account of Holi on Tuesday. 

• Ashish Chaturvedi recommends buying the Rs 1,120 call option of HCL Tech for a target of Rs 34 with a stop loss at Rs 20
• Varun Dubey suggests selling ONGC futures for a target of Rs 152 with a stop loss at Rs 157

Check out the complete list of their stock recommendations

Global Market Update | Dow Jones, S&P 500, Nasdaq jumped 1-2% on Friday boosted by rate-sensitive megacap shares 

The three main Wall Street indices — the Dow Jones, the S&P 500 and the Nasdaq Composite — finished a volatile week with a rally on Friday boosted by interest rate-sensitive megacap stocks. US Treasury bond yields eased following comments from Fed officials that calmed fears over inflation and interest rates.

Here's how the three main US indices finished the session: 

• Dow Jones: up 387.4 points or 1.2 per cent at 33,390.97 
• S&P 500: up 64.3 points or 1.6 per cent at 4,045.6 
• Nasdaq Composite: up 226  points or two per cent at 11,689 

Global Market update | Asian shares largely in the green; all eyes on Fed Chair Jerome Powell's testimony, US jobs data this week

Equities across other major markets across Asia begin the week in the green ahead of an update on the US rate outlook from Fed Chair Jerome Powell on Tuesday and Wednesday, and US jobs data due on Thursday. Investors will track the key US triggers shortly for clues on the future course of interest rates in the world's largest economy. 

MSCI's broadest index of Asia Pacific shares outside Japan is up 0.7 per cent at this hour. 

Here's what some of the major indices in the region look like: 

• Japan's Nikkei 225: up 1.2 per cent
• China's Shanghai Composite: up 0.1 per cent 
• Hong Kong's Hang Seng: down 0.3 per cent
• South Korea's KOSPI: up 0.9 per cent
• Singapore's Straits Times: flat

Editor's Take | Anil Singhvi says Nifty50 short-term bottom confirmed at 17,250-17,350 

Zee Business Managing Editor Anil Singhvi believes the Nifty50 has confirmed a short-term bottom at 17,250-17,350 levels. The Nifty Bank has made such a bottom in the 39,600-39,900 band, he says.

"A slide below these levels will need something really bad... Until then, one should take a 'buy on declines' approach in the market," he said. 

Share Market LIVE Today | SGX Nifty futures suggest a positive opening ahead on Sensex, Nifty50  

Singapore Exchange (SGX) Nifty futures —  an early indicator of the Nifty50 index —  is up 86.5 points or 0.5 per cent at 17,718.5 at this hour, having risen as much as 107 points or 0.6 per cent to 
17,739 earlier in the day. 

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

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