Sensex Today | Stock Market LIVE Updates: Sensex rises 400 pts, Nifty above 22,400; AB Capital jumps 5%, Tata Chem drops 3%

10:02:19 AM IST, 12 March 2024

Sensex Today | Stock Market LIVE Updates | R K Swamy lists at 13% discount

BSE – Rs 252 (Down Rs 36 or (-)12.5%)
NSE – Rs 250 (Down Rs 38 or (-)13.2%)

The USD-INR 26 March futures contract has rebounded from its recent lows. According to the daily technical chart analysis, the pair is currently trading below its moving average trend-line support level of 82.82, with the RSI indicating levels below 40. The MACD is displaying negative divergence, signaling a bearish trend, and the pair has breached its support levels. Based on the daily technical chart, support for the pair is identified at 82.55-82.35, while resistance is noted at 82.94-83.05. Given the current technical setup, it is anticipated that the pair will continue trading below its support level of 82.82, with a projected trading range of 82.35-83.05 for the week ahead.

– Rahul Kalantri, VP Commodities, Mehta Equities

09:55:12 AM IST, 12 March 2024

Sensex LIVE Updates | Sensex rises 400 pts!

09:54:26 AM IST, 12 March 2024

Sensex Today | Stock Market View: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

The dominant near-term trend in the market now is the correction in the broader market, particularly the small caps. The small cap index is 7.8% down from the peak and this correction is likely to continue since the valuations are even now excessive. The regulator SEBI has sent a clear message about the frothy valuations in the small cap segment and, therefore, regulatory actions are likely, going forward. There can be redemptions from small cap funds adding to the downside.Quality large caps will bounce back after a correction, but small caps are unlikely to bounce back in the near-term.PSE stocks that have run up too much too fast also are likely to face selling pressure.

09:40:58 AM IST, 12 March 2024

Sensex Today | Stock Market LIVE Updates | Smallcap firm HIL rose 4% after the company acquired 100% equity of Crestia Polytech and 4 other entities for around Rs 265 crore on a cash-free and debt-free basis.

09:37:09 AM IST, 12 March 2024

Sensex Today | Stock Market LIVE Updates | Aditya Birla Capital shares rose over 6% higher after the company said it will merge with its unit Aditya Birla Finance and turn into an operating non-banking financial company from a holding company.

09:31:01 AM IST, 12 March 2024

Sensex Today | Stock Market LIVE Updates: British American Tobacco (BAT) is planning to sell up to $2-3 billion of ITC in block trades this week, Bloomberg reported.

09:21:47 AM IST, 12 March 2024

Sensex Today | Stock Market LIVE Updates | 0.4% equity block deal in Macrotech

09:21:30 AM IST, 12 March 2024

Sensex Today | Stock Market LIVE Updates | 2% equity block deal in KFin Tech

09:20:09 AM IST, 12 March 2024

Rupee falls 1 paisa to 82.76 against US dollar in early trade.

09:19:34 AM IST, 12 March 2024

Sensex Today | Stock Market LIVE Updates | YES Bank, ITC among most active stocks in morning trade

09:18:46 AM IST, 12 March 2024

Opening Bell: Sensex trades flat, Nifty tests 22,350; AB Capital jumps 5%, Tata Chem drops 3%

09:10:48 AM IST, 12 March 2024

Sensex Today | Stock Market LIVE Updates: Sterling and Wilson Renewable Energy in focus today

Shapoorji Pallonji & Company (SPCPL), the holding firm of the billionaire Pallonji family, is likely considering selling its stake in Sterling and Wilson Renewable Energy (SWRE), Reuters reported citing a report in Business Standard newspaper. SPCPL may sell its 14 per cent stake for approximately Rs 1,800 crore in a bid to meet its financial obligations by the end of this month.

09:09:37 AM IST, 12 March 2024

Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex up 10 points; Nifty above 22,330

08:46:44 AM IST, 12 March 2024

Stock market view: Prashanth Tapse, Senior VP (Research), Mehta Equities

In recent market action, the Nifty saw a modest uptick, gaining 27 points to close at 22440, after a previous session marked by broad-based selling. Investors are treading cautiously, particularly as the last bear of Dalal Street signals caution amid excessive optimism. With key inflation reports from the US and India poised to influence market sentiment, all eyes are on the CPI and PPI data for directional cues. Technical analysis suggests Nifty finding immediate support at 22224 with resistance at 22530, indicating a potential trading range between 21500 and 23000. Amidst this, the primary IPO market is vibrant with several listings expected, and trading strategies for Nifty and Bank Nifty focus on capturing gains within defined zones. Highlighted investment opportunities include INDIGO, APOLLO HOSPITALS, and COLPAL, with APOLLO HOSPITALS standing out as a momentum play, recommended for buying at the current market price with specific targets in mind, reflecting a cautiously optimistic outlook in the face of inflation uncertainties.

08:17:12 AM IST, 12 March 2024

Sensex Today | Stock Market LIVE Updates: Asian stocks rise ahead of US CPI; yen perks up on BOJ chatter

Asian stocks nudged higher on Tuesday ahead of the influential U.S. inflation report, while Japanese shares fell and the yen firmed on rising expectations that the Bank of Japan may be ready to exit ultra easy-monetary policy as early as next week.

08:06:44 AM IST, 12 March 2024

Sensex Today | Stock Market LIVE Updates: Oil rises slightly ahead of demand estimates

Oil prices rose in early Asian trading, but price moves were limited as the market waited for monthly reports from oil agencies. Brent futures for May delivery rose 23 cents to $82.44 a barrel by 0221 GMT. The U.S. crude April contract rose 17 cents to end at $78.10 a barrel.

08:00:54 AM IST, 12 March 2024

Sensex Today | Stock Market LIVE Updates: Gold’s record run stalls ahead of US inflation print

Gold prices were steady on Tuesday, as traders refrained from taking new positions after bullion’s record run ahead of U.S. consumer prices data that could offer clues on the Federal Reserve’s monetary policy trajectory.

07:21:42 AM IST, 12 March 2024

Sensex Today | Stock Market LIVE Updates: Dollar on guard; BOJ speculation keeps yen supported

The dollar held broadly steady on Tuesday ahead of key U.S. inflation data due later in the day, while the yen firmed near a one-month high on mounting expectations the Bank of Japan could exit negative interest rates as early as next week.

07:21:48 AM IST, 12 March 2024

Sensex Today | Stock Market LIVE Updates: Tokyo stocks fall at open

Tokyo stocks opened lower on Tuesday after a mixed finish on Wall Street, where traders were cautious ahead of fresh consumer inflation data.The benchmark Nikkei 225 index fell 1.20 percent, or 466.90 points, to 38,353.59 in early trade, while the broader Topix index was down 1.45 percent, or 38.62 points, to 2,628.21.

07:21:54 AM IST, 12 March 2024

Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a positive start

GIFT Nifty on the NSE IX traded higher by 28 points, or 0.13 per cent, at 22,441, signaling that Dalal Street was headed for positive start on Tuesday.

07:22:01 AM IST, 12 March 2024

Sensex Today | Stock Market LIVE Updates: Tech View: No panic till Nifty holding above 22,000

Nifty today fell 161 points to form a bearish engulfing pattern on the daily charts to hint at short-term top reversal for the market.The short-term trend of Nifty seems to have turned down and the next lower levels to be watched are around 22100-22050 levels. Intraday resistance is at 22525, Nagaraj Shetti of HDFC Securities said.

07:22:07 AM IST, 12 March 2024

Sensex Today | Stock Market LIVE Updates: Rupee falls 8 paise to settle at 82.75 against US dollar

The rupee declined by 8 paise to settle at 82.75 against the US dollar on Monday, tracking bearish equity markets. Forex analysts said weakness in the US dollar and a decline in crude oil prices cushioned the downside.

07:22:13 AM IST, 12 March 2024

Sensex Today | Stock Market LIVE Updates: S&P 500, Nasdaq end down as investors wait for CPI, PPI data

The S&P 500 and Nasdaq ended down slightly on Monday with investors preparing for this week’s consumer and producer price data, which they hope will provide a better idea of whether the Federal Reserve can begin cutting interest rates in the coming months.

07:22:20 AM IST, 12 March 2024

Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Monday

The BSE benchmark Sensex declined 617 points or 0.83% to settle at 73,502, while the broader NSE Nifty dropped 161 points or 0.72% to end at 22,332.