Closing Bell: D-Street at lifetime high! Sensex ends 409 points up; Nifty scales past 22,450
Global markets witnessed mixed signals ahead of the US FED chair’s testimony to Congress. While it’s widely expected that the FED chair may downplay the urgency for rate hikes, the possibility of hints regarding a potential rate cut trajectory cannot be dismissed. Investors are banking on recent FOMC minutes, suggesting the policy rate may have peaked and higher rates could hinder growth. The domestic market exhibited a smart recovery in the second half, reversing initial losses as buying picked up in large-cap stocks. Nevertheless, the broader index continued to underperform with probit booking in Mid & Small caps reflecting worries about stretched valuations
– Vinod Nair, Head of Research, Geojit Financial Services
03:37:48 PM IST, 06 March 2024
Rupee rises 7 paise to settle at 82.83 (provisional) against US dollar.
03:37:15 PM IST, 06 March 2024
Top gainers & losers in closing trade
03:36:26 PM IST, 06 March 2024
Closing Bell: D-Street at lifetime high! Sensex ends 409 points up; Nifty scales past 22,450
03:17:23 PM IST, 06 March 2024
Oil up as OPEC+ cuts override China, US demand concerns
Brent crude futures were up 53 cents, or 0.65%, to $82.57 a barrel at 0922 GMT, while U.S. West Texas Intermediate crude futures rose 64 cents, or 0.82%, to $78.79 a barrel, after declining the past two days.
03:09:44 PM IST, 06 March 2024
Stock Market LIVE Updates: HK stocks rebound, China flat as investors await signals from parliament meeting
** Hong Kong’s Hang Seng Index climbed 1.7%, and the Hang Seng China Enterprises Index jumped 2%.
** The blue-chip CSI 300 Index dipped 0.4%, and the Shanghai Composite Index edged down 0.3%, both snapping a four-day winning streak.
03:06:29 PM IST, 06 March 2024
Etihad posts 2022, 2023 profits and is readying for possible IPO: CEO
The United Arab Emirates’ national carrier on Wednesday posted net profits for 2022 and 2023 after a run of significant losses since 2016.
02:50:46 PM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates: Mahindra & Mahindra Financial Services will adopt a de-risking strategy and aims to nearly double its non-vehicle loans portfolio in the next financial year, its vice chairman and managing director said on Wednesday.
02:39:57 PM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates: Sensex crosses 74K for first time ever
02:37:49 PM IST, 06 March 2024
Stock Market LIVE Updates: NIFTY HITS FRESH RECORD HIGH
02:36:27 PM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates: Private banks at the forefront of market rally
Check top gainers from Nifty Private Bank index
02:32:41 PM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates: Sensex recovers 600 points from day’s low, up nearly 300 points
02:22:06 PM IST, 06 March 2024
Fairfax India commits up to USD 200 mn to IIFL Finance
In response to these concerns, Fairfax India has agreed to extend up to USD 200 million of liquidity support on terms to be mutually agreed and subject to applicable laws, including regulatory approvals (if any), it added.
02:19:05 PM IST, 06 March 2024
Gold holds above $2,100, near record high; focus on Powell testimony
Spot gold was steady at $2,127.39 per ounce, as of 0829 GMT. U.S. gold futures fell 0.3% to $2,135.30.
01:56:51 PM IST, 06 March 2024
CRYPTO NEWS | Ether hits highest level since Jan 2022, last up 8.4% at $3,818.9
Bitcoin up 5.7% at $66,921
01:49:08 PM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates: Azad Engineering secured a long-term strategic supplier agreement with Nuovo Pignone Srl
01:47:59 PM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates: Tara Chand Infralogistic Solutions gets LoI from Steel Authority Of India for Rs 110 crore
01:46:07 PM IST, 06 March 2024
European stock markets stable at open
London’s FTSE 100 index was flat at 7,644.32 points, as investors awaited a UK government budget set to feature tax cuts before a general election likely this year.
In the eurozone, the Paris CAC 40 eased 0.1 percent to 7,929.20 points and Frankfurt’s DAX index edged down 0.1 percent to 17,689.27.
Gold scaled a record high moving further above $2,100 in a rally sparked by growing bets for a U.S. interest rate cut in June and on safe-haven demand due to the conflict in the Middle East. A wider robust fundamental backdrop added support, including strong physical demand in Asia and central bank purchases. Dollar index and US 10 Yields have been very resilient during this volatility in commodities market, hovering around the 104 and 3.2% mark. The Fed chair Powell’s two day congressional testimony will be closely watched for more clarity on US interest rate path. Bets for a rate cut in June Fed meeting has increased from 40% to ~55% in a month. Gold which is looked as a store of value during times of political and financial uncertainty, has climbed by over $300 since the Israel-Hamas war. However, updates regarding cease fire and an ease off in the war will be important to keep an eye on. US Services PMI and factors data were reported lower than expectations in the previous session. After series of weaker economic data last week focus now shifts to US labour market data scheduled this week, which if reported lower than expectations it could further increase gains for bullions.
– Manav Modi, Analyst, Commodity and Currency, Motilal Oswal Financial Services
01:01:14 PM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates: Axis Bank accepts bids for 10-year infra bonds – bankers
01:00:42 PM IST, 06 March 2024
Bitcoin back on the rise after vaulting to new record
Bitcoin jumped 5% during the Asian session to an intraday peak of $66,540 in volatile trading, not too far from Tuesday’s record high of $69,202. It was last 4% higher at $65,946.
12:46:29 PM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates: Antfin sells 17.64 cr Zomato shares at Rs 160.1/each: Agencies
12:45:15 PM IST, 06 March 2024
Tokyo’s Nikkei index inches down at close
The benchmark Nikkei 225 index edged down 0.02 percent, or 6.85 points, to end at 40,090.78, while the broader Topix index added 0.39 percent, or 10.74 points, to 2,730.67.
12:21:22 PM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates | Top gainers & losers at this hour
12:20:45 PM IST, 06 March 2024
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12:07:07 PM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates: Nifty Midcap & smallcap slips below 50-DMA
11:54:31 AM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates: These metal stocks lose mettle, rank up to 5%
11:25:20 AM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates: Fairfax India agrees to invest up to $200 million liquidity support to IIFL Finance
11:14:42 AM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates | Veefin Solutions gets nod to raise Rs. 48 crores through preferential issue
11:05:54 AM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates: Ajmera Realty inks Rs 500 crore of structured deal for Ajmera Manhattan, partly prepays GCP loan
11:02:24 AM IST, 06 March 2024
Gold holds above $2,100 near record high, focus on Powell testimony
Spot gold edged down 0.1% at $2,126.13 per ounce, as of 0458 GMT. U.S. gold futures fell 0.4% to $2,134.30.
10:46:16 AM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates: Droneacharya Aerial Innovations announces foray into Southeast Asian Market
10:46:02 AM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates | Venus Remedies awarded its first incentive of Rs.7.50 crores under PLI scheme.
10:31:19 AM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates | JSW Steel appoints Robert Simon as CEO of JSW USA
10:14:54 AM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates | Mic Electronics gets order worth Rs 1.77 crore
10:13:57 AM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates: LTIMindtree executes shareholder’s agreement between Co, Global Digital Integrated Solutions
- Initial investment by LTIMindtree will be $12.3 million, in one or more tranches
- Once JV co is incorporated, LTIMindtree will hold 51% of share capital in JV co
10:12:43 AM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates: To expand business amid strong housing demand, realty firm Godrej Properties Ltd has acquired multiple land parcels so far this fiscal that have the potential to generate revenue of around Rs 20,000 crore.
10:11:22 AM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates | Ramco Cements to issue multiple tenor bonds – bankers
10:10:11 AM IST, 06 March 2024
Indian bond markets eye smaller below-$5 bln inflow from Bloomberg inclusion
Bloomberg Index Services said on Tuesday it would include 34 Indian government bonds eligible for investment via the country’s fully accessible route (FAR), in its Emerging Market Local Currency Index (EMLC) from Jan. 31, 2025.
10:09:37 AM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates | Shares of online food delivery platform Zomato fell 4% to the day’s low at Rs 160.10 on BSE after 2.2% equity worth over Rs 3,000 crore changed hands in a block deal in which Ant Financial could be the likely seller.
09:45:57 AM IST, 06 March 2024
Stock Market View | Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
A significant recent development is the liquidity in the banking system moving from deficit to surplus. This is positive for banks, particularly those which are facing constraints in raising deposits to match credit growth. The impact on the market would be the outperformance of Bank Nifty over Nifty.Another trend which has started is the underperformance of the small cap index. This trend also is likely to continue since small cap valuations continue to be excessive. Nifty is likely to consolidate at around the present levels. Dips will be bought since institutional buying has been strong. Sentiments are a bit weak in the NBFC space due to RBI’s restrictive actions against some NBFCs.
09:23:47 AM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates | Japan’s Sumitomo Wiring Systems, a promoter in Samvardhana Motherson International, is looking to sell around 6% stake in the company through block deals on Wednesday.
09:21:23 AM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates | The Reserve Bank of India has barred JM Financial Products Ltd from doing any form of financing against shares and debentures.
09:20:48 AM IST, 06 March 2024
Rupee turns flat at 82.90 against US dollar in early trade.
09:20:06 AM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates | Motherson Sumi, BHEL among most active stocks in morning trade
09:19:14 AM IST, 06 March 2024
Opening Bell: Sensex falls 200 pts, Nifty below 22,300; IIFL, JM Financial tank up to 20%
09:07:18 AM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex down 100 points; Nifty below 22,300
08:55:46 AM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates: JM Financial says strongly believe no material deficiencies in JM Financial Products’s loan sanctioning process
- JM Financial Products has not violated applicable rbi regulations
- JM Financial Products shall continue to service its existing customers as advised by the RBI
- There have been no governance issues whatsoever at JM Financial Products
- Practice of taking power of attorney prevalent across the industry, perfectly legal
- Will fully cooperate with RBI in their special audit initiative
In today’s trading landscape, the Nifty, showing a slight dip to 22410, retains a positive outlook buoyed by substantial buying from FIIs and DIIs, hinting at a continued bullish grip despite potential short-term hesitations. The technical analysis suggests a supportive intraday range between 22250-22500, with a bias leaning positively, backed by options data indicating a broader 21500-23000 trading range. Key corporate moves, including Tata Power Solar’s financing partnership and Tata Motors’ demerger, alongside strategic trading recommendations for Nifty and Bank Nifty, spotlight a market ripe for selective buying, with BANK OF BARODA emerging as a compelling pick amidst a cautiously optimistic market awaiting Federal Reserve cues.
– Prashanth Tapse, Senior VP (Research), Mehta Equities
08:15:41 AM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates: China stocks lead Asia lower, gold drifts after record peak
Asian equities eased on Wednesday in cautious trading, with Chinese stocks slipping as the lack of big stimulus measures from Beijing disappointed some investors, while gold and bitcoin eased after hitting record highs.
07:57:08 AM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates: Oil fell slightly as China growth worries clash with output cuts
Oil prices fell slightly on Wednesday as concerns about demand growth in China, the world’s biggest crude importer, clashed with signs of supply tightness amid output cuts by major producers.
07:22:18 AM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates: Dollar steady ahead of Powell testimony, bitcoin takes breather
The U.S. dollar was largely steady on Wednesday, as traders avoided making large bets ahead of congressional testimony from Federal Reserve Chair Jerome Powell, as well as the European Central Bank rate decision and U.S. jobs data later this week.
07:22:26 AM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a muted start
GIFT Nifty on the NSE IX traded lower by 16 points, or 0.07 per cent, at 22,423.50, signaling that Dalal Street was headed for muted start on Wednesday.
07:22:33 AM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates: Tech View: Nifty ends with Doji candle again
Nifty ended 49 points lower to once again form a Doji candle on the daily chart. The index is now in the process of retesting the breakout of 22300 it gave last week.
07:22:39 AM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates: Rupee ends flat against US dollar
The rupee settled unchanged at 82.90 against the US dollar on Tuesday amid a strong greenback against major rivals overseas and a negative trend in equity markets.
07:22:46 AM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates: Tokyo shares open lower
Tokyo shares opened lower Wednesday as global investors locked in profits after recent rallies. The benchmark Nikkei 225 index dropped 0.60 percent, or 242.18 points, to 39,855.45 in early trade, while the broader Topix index eased 0.35 percent, or 9.54 points, to 2,710.39.
07:22:53 AM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates: Tech-heavy Nasdaq leads Wall Street lower as megacaps, chips slide
Wall Street three major indexes all retreated more than 1% on Tuesday, with weakness in megacap growth companies such as Apple Inc and the chip sector weighing most on the Nasdaq ahead of this week’s crop of economic data and remarks from Federal Reserve Chair Jerome Powell.
07:22:59 AM IST, 06 March 2024
Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Tuesday
The 30-share BSE benchmark Sensex declined 195 points or 0.26% to settle at 73,677. The broader NSE Nifty dropped 49 points or 0.22% to end at 22,356.
