Market Live: Market declines, Nifty down 14650, pressure in metal, financials shares

10:55 AM

BANK OF MAHARASHTRA and IOB have jumped to 9% before the meeting on the privatization of state-run banks today. BANK INDIA and CENTRAL BANK also have great momentum. In the first phase, the name of the banks to be privatized may be selected.

10:50 AM

Paint stocks have brightened as crude oil prices fall. ASIAN, BERGER and INDIGO PAINTS have seen strong gains of up to 2%.

10:40 AM

Pharma stocks are showing strength in a weak market. The Nifty Pharma Index has gained for the fourth consecutive day. AUROBINDO, BIOCON and DR REDDYS ran 2 to 4 percent in a week

10:35 AM

The shares of ADANI GROUP are getting a good look. ADANI ENT, ADANI TRANS, ADANI GAS and ADANI POWER have reached new heights. In a week, the shares of the group have given returns of 15 to 25 per cent.

10:27 AM

Anupam Rasayan listing: Another stock has been listed in the stock market today. Anupam Rasayan has been listed on the NSE at a discount of around 4 per cent. The stock is listed at Rs 520 on the NSE. While its issue price was Rs 555 per share.

10:20 AM

Bulls have come to dominate the bulls in the market. The Nifty has slipped below 14700. RIL, ICICI BANK, INFOSYS and SBI are pressurizing. Nifty Bank has the biggest weakness of 500. There is also fatigue in the midcap index after a three-day fast.

10:10 AM

Gold price today fell to Rs 8000 per 100 grams. In India, the price of gold again decreased by Rs 800 per 10 grams on Wednesday. This means, the price of 22-carat gold (22-Carat Gold) today is Rs 43,000 per 10 grams and Rs 4,30,000 per 100 grams. On Wednesday, the price of 24-carat gold (24-carat gold) is Rs 44,000 per 10 grams and Rs 4,44,000 per 100 grams. According to the Guderiturn website report, the price of gold has been seen falling since 19 March.

10:02 AM

Today, the rupee has weakened 9 paise against the dollar and opened at 72.51 against 72.42.

10:00 AM

Know the price of oil in your city

The price of petrol and diesel has been cut on 24 March in Delhi today. Petrol price has been reduced by 18 paise to Rs 90.99 per liter and diesel has been reduced by 17 paise to Rs 81.30 per liter.

Prices of petrol and diesel have also come down in Mumbai. Petrol is down by 17 paise to Rs 97.40 per liter and diesel prices are down by 18 paise to Rs 88.42 per liter.

In Kolkata also, the price of petrol and diesel has come down today. Petrol prices are down by 17 paise to Rs 91.18 per liter and diesel prices are reduced by 17 paise to Rs 84.18 per liter.

Petrol-diesel prices have also come down in Chennai. Petrol prices are down by 16 paise to Rs 92.95 per liter and diesel prices are down by 16 paise to Rs 86.29 per liter.

09:55 AM

Adani Green। The company will buy 2 solar assets for 450 crores. Sterling & Wilson will buy 2 solar assets. The enterprise value of 2 solar assets is 450 crores. Will buy 2 solar assets of 75 MW.

09:45 AM

CLSA’s opinion on RIL

CLSA has given an outperform rating on RIL and has fixed the target at Rs 2250. He says that strong growth in profits is expected to continue. It lacks trigger in the short term but has a strong growth story for the long term. The company’s Jio, Reliance Retail continues to grow better.

09:34 AM


CITI BANK has a buy rating on ADANI PORT and has set a target of Rs 935. He says that APSEZ’s market share continues to improve in the fourth quarter as well. According to him the impact of recent acquisitions will be seen in the medium term. It is estimated to generate better cashflow. In addition, better acquisitions are expected to continue.

09:20 AM


JEFFERIES has given RATING of purchase on HDFC BANK and has set a target of 1860 rupees for the stock. He says that credit growth has increased due to the increase in market share in corporate loans. At the same time, 20 percent annual growth in profits is also expected from FY 2020-23 and RoE is possible at 18 percent in FY 2022.

09:17 AM

The market started with weakness. Sensex is seen at 49,717.43 level with a decrease of 334.01 points i.e. 0.67 per cent. The Nifty is down 102.30 points, or 0.69 per cent, at the level of 14,712.45.

09:05 AM

The market started with weakness in the pre-opening session. Cessanx is seen at 49,926.77 with a decline of 124.67 points, or 0.25 per cent. The Nifty is down 74.70 points, or 0.50 per cent, at 14,740.05.

08:53 AM

DEEPAK NITRITE। ICRA has long term rating AA- to AA of the bank facility. Long term outlook is also stable from positive.

08:45 AM

VODAFONE IDEA। The company raised the tariff of Family Post Paid Plan by 7-9 per cent. CLSA says a 1% increase in margins is possible due to increased tariffs.

08:36 AM

ROSSARI BIOTECH। The company has raised Rs 300 crore by issuing preferential shares. The preferential shares are issued at a price of Rs 996 per share.

08:25 AM

VASCON ENGINEERS। An order of Rs 516.44 crore has been received for setting up 2 medical colleges in UP. Medical colleges will have to be built in Bijnor and Kaushambi.

08:18 AM

Strategy on nifty

Virendra Kumar of CNBC-Awaaz says that its registration zone is 14868-14905, Bada registration zone 14940-14962, base zone 14705-14680 and Bada base zone 14634-14605. Dollar index up but getting big support from US Yield. Both the expiry zones touched 14600-14900 in two days. First base for the day is very important, stay on top of it. Keep an eye on 14905, if it turns out, a lot of speed is possible. Will take option trade after opening.

08:03 AM

Strategy on nifty bank

Virendra Kumar says that its registration zone is 34368-34485, Bada registration zone 34661-34749, base zone 33800-33640 and Bada base zone 33500-33390. Bank Nifty has a strong base at 33500-800. Long live above 33500-800, large targets above 34368 are possible. HDFC Bank, ICICI Bank, Bandhan Bank are showing new strength.

07:57 AM

Strong Earning Trading Calls

Quantify Capital

Ambuja Cemnet -BUY, SL- 298, TGT-310

Kotak Securities

IDFC First Bank- Buy, SL-60.5, TGT-64.5

Motilal Oswal Financial Services

Tata Consumer -BUY, SL- 622, TGT-655

07:48 AM

Corona’s speed is not stopping

The speed of the corona is not stopping. There have been 48700 new cases reported in the country yesterday. Maharashtra is also not getting relief. 28700 new cases were registered yesterday. The Ministry of Home Affairs has issued new guidelines. Instructions have been given to increase strictness. Playing Holi is banned in Mumbai and Delhi.

07:41 AM

RVNL’s OFS to open today, `27.5 floor price with 10% discount

Today RVNL’s offer for SELL will open. The government is set to sell up to 15% stake. FLOOR PRICE is 27 rupees 50 paise with around 10% discount.

07:36 AM

Anupam Rasayan’s listing today

Today in the primary market, you will see vigorous action. On one side will be the listing of Anupam Rasayan. On the other hand, there will be the opening of the IPO of Barbeque Nation. The issue price is between 498 to 500 rupees. The company has raised 203 crores from 15 Anchor Investors.

07:26 AM

Meeting on privatization of PSU banks today

There will be stormy boom in the public sector banks even today. There will be an important meeting on Privatisation today. According to CNBC-Voice Exclusive news, the names of banks to be privatized in the first phase may be selected.

07:20 AM

Crude prices increased

Crude prices have fallen due to the new wave of Corona and decreased vaccination in European countries. Brent prices have fallen more than 4 percent to below $ 61. The strong dollar has also created pressure.

07:15 AM

Corona increased tension in US market

Corona has again raised concerns about the American markets. The DOW slipped 300 points yesterday on fears of a slowing economic recovery. Asia also has a weak start. SGX NIFTY is trading down nearly half a percent.