Stock Market HIGHLIGHTS: Sensex ends 502 pts lower, Nifty gives up 17,350 as bears take charge back from bulls after a day's gap

Sensex ends 502 pts lower, Nifty below 17,350; market resumes fall after a day's breather

The Sensex ends 501.7 points or 0.8 per cent lower at 58,909.4 and the Nifty50 settles at 17,321.9, down 129 points or 0.7 per cent from its previous close. 

Here's how the headline indices moved through the day: 

Sensex

Nifty50

Read more on the March 2 session

Lodha, RVNL, Angel One, NBCC, Quess Corp rise most among some 200 gainers in BSE 500 universe

Triveni Turbine, Rajesh Exports, Yes Bank, Zensar and Finolex Cables are the top laggards in the broadest index on the bourse.

IPO LIVE | Divgi TorqTransfer Systems issue subscribed 23% so far on Day 2

As of 2:15 pm, the IPO received bids for 8.9 lakh shares as against the 38.4 lakh shares on offer, according to provisional exchange data. 

Editor's Take | Anil Singhvi says subscribe to Divgi TorqTransfer Systems IPO for long term

Zee Business Managing Editor Anil Singhvi recommends subscribing to the Divgi TorqTransfer Systems IPO for the long term.

He, however, suggests investors to subscribe in small quantities and add if the listing takes place below the issue price.

Read more on what Anil Singhvi makes of the Divgi TorqTransfer Systems IPO

Bajaj Finserv struggles near flatline after initial spike; firm gets Sebi nod to start mutual fund operations 

Pune-based financial services company Bajaj Finserv will operate the mutual fund business under the Bajaj Finserv Mutual Fund banner. With Bajaj Finserv Asset Management as the investment manager, Bajaj Finserv MF will soon offer a range of mutual fund products including equity, debt, and hybrid funds, both in active and passive segments, according to a company statement.

The approval from Sebi is strategically important for the company as it enables the firm to complete its suite of financial solutions for retail customers, said Sanjiv Bajaj, Chairman and Managing Director, Bajaj Finserv.

Tripura Election Results 2023 | BJP crosses halfway mark, surpasses Left-Congress, Tipra Motha 

Celebrations begin in Tripura as BJP candidates surge ahead of the opposition, leading in more than half the 60 seats of the assembly. Catch LIVE updates on Tripura election results

Access live coverage on election results for Meghalaya and Nagaland, as well as key constituencies such as Erode, Pune, Sagardighi and Chinchwad:

• Meghalaya
• Nagaland
• Lumla (Arunachal Pradesh)
• Pune and Chinchwad (Maharashtra)
• Sagardighi (West Bengal)
• Erode (Tamil Nadu)

Stock Market Tips LIVE | Vikas Salunkhe recommends buying IEX, Sonacoms shares

Vikas Salunkhe of Nirmal Bang Securities has two recommendations today: 

• Buy IEX for a target of Rs 160 with a stop loss at Rs 142
• Buy Sona Blw Precision Forgings for a target of Rs 490 with a stop loss at Rs 452

Indian Oil gets new executive director for eastern regional office 

State-run oil marketing company Indian Oil Corp (IOC) announces the appointment of KV Ramanamurthy as executive director of its eastern regional office.

Ramanamurthy has experience of more than three decades in various domains of the PSU, according to a company statement.

Indian Oil holds on firmly to the green on D-Street, with a gain of more than one per cent at Rs 77.8 apiece. 

Gold Rate Today | MCX gold futures stuck in Rs 55,750-55,800 range

MCX gold futures (due for expiry on April 5) quote at Rs 55,810 per 10 grams at this hour, weaker by Rs 20 from their previous close. Earlier in the day, the gold futures contract came down to as low as Rs 55,751 per 10 grams. 

Benchmark US gold futures quoted at $1,837 per ounce, weaker by $8.5 or 0.5 per cent for the day.

Gold is left with a gain of about two per cent for the year so far. 

Nifty Tips LIVE | Sell Nifty50 futures, targets 17,350, 17,300, recommends Arpit Beriwal 

Arpit Beriwal of Motilal Oswal Financial Services shares a Nifty futures idea with Zee Business viewers.

He suggests selling Nifty futures at 17,500 with a stop loss at 17,600 for targets of 17,350 and 17,300. 

The headline index has largely stayed within the 17,350-17,450 band so far today.

Nifty Bank Tips LIVE | Buy Nifty Bank futures, targets 41,000, 41,250, says Arpit Beriwal 

Arpit Beriwal of Motilal Oswal Financial Services recommends buying Nifty Bank futures at 40,750 for targets of 41,000 and 41,250 with a stop loss at 40,500. 

Nifty Bank Tips LIVE | Buy Nifty Bank 40,600 call option at Rs 60, recommends Mehul Kothari  

Mehul Kothari of Anand Rathi Shares & Stock Brokers shares a Nifty Bank recommendation for traders only on Zee Business.

Kothari suggests buying the 40,600 call option of the banking index at Rs 60 for targets of Rs 100 and Rs 150 with a stop loss at Rs 20. 

This makes it an at-the-money call option, as the Nifty Bank trades with a cut of 111.1 points or 0.3 per cent for the day at 40,587.1, having broadly moved within the 40,500-40,800 band in intraday trade so far. 

Share Market Tips Today | Sneha Seth positive on IndiGo, ICICI Bank 

Sneha Seth of Angel One recommends: 

• Buying the Rs 1,900 call option of IndiGo for a target price of Rs 84 with a stop loss at Rs 24 
• Buying the Rs 860 call option of ICICI Bank for a target of Rs 34.5 with a stop loss at Rs 7.75 

Share Market Tips LIVE | Buy IEX, Hindustan Petroleum, says Sameet Chavan 

Angel One's Sameet Chavan shares two stock recommendations with Zee Business viewers:

• Buy the Rs 147.5 call option of IEX for a target of Rs 9.5 with a stop loss at Rs 3.1  
• Buy the Rs 220 call option of Hindustan Petroleum for a target of Rs 12 with a stop loss at Rs 3.5

Nifty Bank Tips LIVE | Sameet Chavan recommends buying Nifty Bank 40,600 call option, target Rs 230   

Sameet Chavan of Angel One suggests buying the 40,600 call option of Nifty Bank for a target of Rs 230 with a stop loss at Rs 18. 

Share Market Today LIVE | Sensex, Nifty50 off day's lows as early trends show BJP alliance leading in Nagaland, Tripura

Both headline indices Sensex and Nifty50 recover some of their intraday losses amid listless trade on Thursday, as early trends show the BJP and its allies leading in Nagaland and Tripura state elections. India awaits the final results of three state Assemblies — Tripura, Nagaland and Meghalaya — and a few key constituencies including Erode in Tamil Nadu, Pune and Chinchwad in Maharashtra, and Sagardighi in West Bengal that would set the tone of the 2024 Lok Sabha elections.

Here's what both Sensex and Nifty50 fare at noon as India awaits Assembly election results 2023: 

Sensex: down 282.2 points or 0.5 per cent at 59,128.9; earlier in the day, the 30-scrip index lost 385.5 points at the weakest level of the day

Nifty50: holds 17,350 in some respite for the bulls; the headline gauge sank below the psychologically important level earlier in the day

Catch minute-by-minute updates on Assembly election results for Meghalaya, Tripura and Nagaland, and bypoll election results for key constituencies including Erode, Pune, Sagardighi and Chinchwad here: 

• Meghalaya
• Tripura 
• Nagaland
• Lumla (Arunachal Pradesh)
• Pune and Chinchwad (Maharashtra)
• Sagardighi (West Bengal) 
• Erode (Tamil Nadu) 

Share Market LIVE Today | Rail Vikas Nigam (RVNL) shares surge 15% — check out what's exciting the Street

Rail Vikas Nigam Ltd (RVNL) shares soar as high as 15 per cent to Rs 67.3 apiece on BSE, trading with huge volumes, after the railway infra PSU emerges the lowest bidder for making and maintaining 200 Vande Bharat trains in a joint venture with Russia's Metrowagonmash. 

"The total quantity is 200 Trainsets and cost per set is Rs 120 crore," RVNL said in a regulatory filing.

As many as 44.9 lakh RVNL shares have changed hands so far today on BSE, as against a daily average of 10.4 lakh in the past two weeks, according to provisional exchange data. 

Adani-Hindenburg Saga | Supreme Court orders setting up of panel to probe Adani group share crash

The Supreme Court orders setting up of a six-member committee to look into various regulatory aspects for the stock market, including the recent crash in Adani group shares. Stocks belonging to the Adani conglomerate have suffered huge losses triggered by US-based Hindenburg Research's report in January that accused the Indian group of stock manipulation and improper use of offshore tax havens, charges denied by the Adani group.

The panel will be headed by former Supreme Court judge AM Sapre, said bench of Chief Justice DY Chandrachud and Justices PS Narasimha and JB Pardiwala, and will make an overall assessment of the situation, suggest measures towards enhancing investor awareness and strengthening existing regulatory measures for stock markets.

The Adani group has dismissed the Hindenburg report as baseless, saying it complies with all laws and disclosure requirements. ALSO READ: Adani Group hits back at Hindenburg, calls allegations attack on India

Assembly Election Results LIVE | BJP alliance leads in Tripura, Nagaland

The final results of Assembly elections in three northeastern states, Meghalaya, Tripura and Nagaland, and bypoll elections in certain key constituencies such as Lumla (Arunachal Pradesh), Pune and Chinchwad (Maharashtra), Sagardighi (West Bengal) and Erode (Tamil Nadu) are due later in the day, which will set the tone of the 2024 Lok Sabha elections.

Catch live Assembly election results for Meghalaya, Tripura and Nagaland, and bypoll election results for key constituencies including Erode, Pune, Sagardighi and Chinchwad here: 

• Meghalaya
• Tripura 
• Nagaland
• Lumla (Arunachal Pradesh)
• Pune and Chinchwad (Maharashtra)
• Sagardighi (West Bengal) 
• Erode (Tamil Nadu) 

Zomato Share Price LIVE | Zomato stock flat, stuck in tight range today; Goldman Sachs cuts target by Rs 20

Goldman Sachs maiintains a 'buy' rating on Zomato but reduced its target price for the food delivery compnay stock to Rs 80 from Rs 100.  

Zomato share price: Zomato stock just below flatline, trades at Rs 55

The Zomato share price has moved within a range of Re 1 around the flatline in intraday trade so far. 

Stock Market LIVE Update | GE Shipping shares have rewarded investors with 86% return in last one year

The Nifty50 benchmark is up 4.5 per cent during this period. 

Stock Market Tips LIVE | Himanshu Gupta recommends buying GE Shipping shares 

In an interaction with Zee Business Managing Editor Anil Singhvi, Himanshu Gupta of Globe Capital Markets suggests buying GE Shipping shares for target prices of Rs 650 and Rs 660 with a stop loss at Rs 550.

Adani Shares | Adani Enterprises recovers day's losses to turn flat after plunging 10%

Adani Enterprises (ADANIENT) shares turn flat after beginning the day with a cut of Rs 156.5 at Rs 1,408.1, locked in the lower 10 per cent circuit. 

Auto Sales February 2023 Effect | Hero MotoCorp shares rise, among few auto stocks in the green this morning

Hero MotoCorp shares gain by as much as Rs 37.5 or 1.5 per cent to Rs 2,470.2 apiece on BSE.

Stock Market LIVE Today | Hero MotoCorp top gainer among auto stocks; domestic sales up 15% in February 2023

Hero MotoCorp sold a total of 3,82,317 motorcycles and scooters in the domestic market last month, marking growth of 15.3 per cent compared with the corresponding period a year ago, according to a company statement released post-market hours on Wednesday. Its exports, however, plunged 54.7 per cent on a year-on-year basis to 12,143 motorcycles and scooters in the month. 

Here are some highlights of what the auto major said:

• Volumes in February indicate continuously improving consumer sentiment
• Hero MotoCorp expects positive trend to continue in coming months
• Trend to continue on the back of favourable economic indicators 

Read more on auto sales February 2023

Nifty LIVE | IT, financial, FMCG shares pose maximum pressure on headline index

Sensex LIVE | Only five gainers in 30-scrip universe: Bajaj Finserv, Larsen & Toubro, Tata Steel, UltraTech and HDFC Bank

Stock Market LIVE Today | Sensex drops almost 200 pts in early deals, Nifty50 manages to hold 17,400 

Bth headline indices fall as much as 0.3 per cent within the first 15 minutes of trade. The Sensex falls 195.7 points to hit 59,215.4 on the downside at the weakest level of the day so far, and the Nifty50 slips to as low as 17,403, down 48 points from its previous close. 

Here's how the headline indices' charts are building up:

Sensex

Nifty50

Stock Market LIVE Today | Sensex down 124 pts in pre-open market, Nifty50 approaches 17,400 

In the pre-opening session, both headline indices finish 0.2 per cent lower. The Sensex is down 123.9 points at 59,287.2 and the Nifty50 at 17,421.5, down 29.4 points from its previous close. 

Anil Singhvi Stock Market Strategy | Support for Nifty50 at 17,350-17,400 levels, strong buy zone in 17,250-17,300 zone

Zee Business Managing Editor Anil Singhvi support for the Nifty Bank emerging in the 40,375-40,500 area, and a strong buy zone in the 40,125-40,300 range. 

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

Stock Market Tips LIVE | Buy, sell or hold strategy on Hero MotoCorp, Bajaj Finserv, RVNL, Coal India, LTTS, 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. 

• Ashish Chaturvedi suggests buying Hero MotoCorp shares for a target of Rs 2,500 with a stop loss at Rs 2,400
• Arman Nahar recommends buying RVNL shares for a target of Rs 60.5 with a stop loss at Rs 58 

Check out the complete list of their stock market tips and recommendations today

Global Market LIVE | Dow Jones, S&P 500, Nasdaq 100 futures a mixed bag; Dow Jones futures rise 65 pts

• Dow Jones futures: up 65 pts or 0-.2 per cent at 32,758
• S&P 500 futures: down 14.3 pts or 0.4 per cent at 3,942.3
• Nasdaq 100 futures: down 59 pts or 0.5 per cent at 11,902.8

Global Market LIVE | Asian shares a mixed bag after a largely weak handover from Wall Street

Equities across major markets in Asia see mixed moves this morning, with MSCI's broadest index of Asia Pacific shares outside Japan quoting 0.2 per cent lower. 

Here's how some of the main indices in the region fare at this hour: 

• Japan's Nikkei 225: down 0.1 per cent
• China's Shanghai Composite: flat
• South Korea's KOSPI: up one per cent
• Singapore's Straits Times: down 0.4 per cent
• Hong Kong's Hang Seng: down one per cent

Global Market Update | S&P 500, Nasdaq decline, Dow retreats from day's high as manufacturing data points to red-hot inflation, stokes higher-for-longer interest rate fears

The three main Wall Street indices retreated from their strongest level of the day on Wednesday, with the S&P %00 and the Nasdaq Composite declining around half a per cent each, and the Dow Jones finishing flat, after US manufacturing data indicated inflation in the world's largest economy is likely to remain high. Also, comments from Fed policymakers supported a hawkish stance.

It was a second straight lower close each for the S&P 500 and the Nasdaq Composite.

Here's where the three indices settled for the day:  

• Dow Jones Industrial Average: up 5.1 points at 32,661.8, having risen as much as 89.5 points or 0.3 per cent to 32,746.2 in intraday trade
• S&P 500: down 18.8 points or 0.5 per cent at 3,951.4
• Nasdaq Composite: down 76.1 points or 0.7 per cent at 11,379.5

Sensex ended 449 pts higher on Wednesday, Nifty50 reclaimed 17,450 as D-Street halted eight-day losing streak  

The Sensex finished the March 1 session 449 points or 0.8 per cent higher at 59,411.1, having climbed to as high as 59,475.5 during the session. The Nifty settled at 17,450.9, up 147 points or 0.9 per cent from its previous close. 

Here's how the headline indices moved through the day:

Sensex

Nifty50

Read more on the March 1 session

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!

Stock Market LIVE Today | SGX Nifty futures indicate a weak start ahead on Dalal Street

Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty50 index — are down 31 points or 0.2 per cent at 17,488.5 at this hour, having declined as much as 64 points to 17,455.5 earlier in the day.