Stock Market LIVE Updates: The Nifty futures were trading around 17,0002 level on the Singaporean Exchange at 7:25 IST. US markets ended lower, while Asian markets are trading firm.
Stock Market Today: Trends in the SGX Nifty indicate a flat start for the broader index in India with a gain of 5.50 points amid the US markets ending slightly lower and Asian peers showing tepid trading
Stocks to Watch: Check out the companies making headlines before the opening bell today.
Torrent Power shares rallied 5 percent to Rs 511, after downtrend from Rs 550 on March 17 till Rs 487 on March 27. The stock has formed robust bullish candlestick pattern on the daily scale with above average volumes. In a single day rally, it clawed back above 50/100/200-day EMAs.
NCC is in a classical uptrend and witnessed a breakout out of an ascending triangle formation, then retested its breakout level and resumed its uptrend.
Under the leadership of Chairperson Madhabi Puri Buch, SEBI has instituted several incisive reforms that are altering the market landscape
Eris Lifesciences has been on an acquisition spree in a bid to diversify its offerings. The company recently bought nine dermatology brands from both Dr Reddy’s Laboratories and Glenmark Pharma.
Sharekhan is bullish on Bosch has recommended buy rating on the stock with a target price of Rs 21,929 in its research report dated March 28, 2023.
The company said it is focussed on becoming a pan-India pure play cement company, increasing its presence in every market it operates, and maintaining a strong balance sheet.
Geojit recommended accumulate rating on Torrent Power with a target price of Rs 550 in its research report dated March 28, 2023.
The losses resulted in a fall of the cumulative market cap of the Adani group stocks to Rs 8.89 lakh crore from Rs 9.39 lakh crore
The unlisted MII shall pay a fee to SEBI at the rate of 0.1% of the paid-up share capital of the unlisted company or Rs 5,00,000, whichever is higher.
Prabhudas Lilladher is bullish on Finolex Industries has recommended buy rating on the stock with a target price of Rs 224 in its research report dated March 28, 2023.
GCPL has increased its advertising and promotional expenses by 28 percent year-on-year, which is restricting its EBITDA margin expansion
Prabhudas Lilladher is bullish on InterGlobe Aviation has recommended buy rating on the stock with a target price of Rs 2347 in its research report dated March 27, 2023.
On March 28, about 1010 shares advanced, 2448 shares declined, and 97 shares were unchanged. Take a look at the top gainers and losers.
Emkay Global Financial recommended hold rating on Ambuja Cement with a target price of Rs 425 in its research report dated March 27, 2023.
Emkay Global Financial recommended hold rating on Dalmia Bharat with a target price of Rs 1750 in its research report dated March 27, 2023.
At close, the Sensex was down 40.14 points or 0.07% at 57,613.72, and the Nifty was down 34 points or 0.20% at 16,951.70. About 1,020 shares advanced, 2,438 declined, and 97 remained unchanged. Adani Enterprises, Adani Ports, Tech Mahindra, Tata Motors and Hero MotoCorp were among the top Nifty losers, while gainers included IndusInd Bank, UPL, Power Grid Corporation, Dr Reddy's Laboratories and HDFC Bank. Catch all the market highs and lows with Yatin Mota on Moneycontrol.
The BSE midcap index declined 0.4 percent and the smallcap index fell 0.8 percent
Sharekhan is bullish on Dalmia Bharat has recommended buy rating on the stock with a target price of Rs 2250 in its research report dated March 27, 2023.
ICICI Direct is bullish on HG Infra Engineering recommended buy rating on the stock with a target price of Rs 915 in its research report dated March 27, 2023.
LKP Research is bullish on Electronics Mart India Ltd has recommended buy rating on the stock with a target price of Rs 86 in its research report dated March 27, 2023.
Indexation which was the eye candy for debt MF investors, factors in inflation, which helps to lower taxes significantly. With the new mutual fund norms, indexation benefit on debt MFs will be taken away.
Motilal Oswal recommended Neutral rating on InterGlobe Aviation with a target price of Rs 2110 in its research report dated March 26, 2023.