Stock Market Live Updates 15 March 2024: Stock to sell today: ICICI Securities (₹736): SELL

tock Market Today | Share Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 15 March 2024.

• March 15, 2024 09:50
  

  Stock market updates today: Shakti Pumps rises 5% on the NSE, trading at ₹1,279.65

• March 15, 2024 09:49
  

  Stock market updates today: EaseMyTrip.com to provide 20-day credit period to companies to complete payments for travel bookings; share declines

  EaseMyTrip.com will provide a 20-day credit period to all listed companies to complete payments for their travel bookings. 

  Easy Trip Planners declines 1.10% to trade at ₹45.

• March 15, 2024 09:47
  

  Stock market updates today: Gold under pressure, closes at $2162

  Gold prices were set to decline for the first time in four weeks as surprise high inflation readings in the United States suggested that the Federal Reserve could limit the number of rate cuts this year and extend the first decrease past June. Producer prices in the United States rose more than expected in February, owing to increases in the cost of products such as petrol and food, raising concerns that inflation is returning. Investors were also keeping an eye on growing geopolitical threats between Russia and Ukraine, as a top Ukrainian intelligence official stated that two border regions had become “active combat zones”. Traders have reduced the probability of a rate decrease at the Fed’s June meeting to 61%, down from over 75% last Friday.

  Key economic data slated for release includes French Final CPI m/m, Italian Retail Sales m/m from Euro Zone and Empire State Manufacturing Index, Prelim UoM Consumer Sentiment, Industrial Production m/m from US Zone.

• March 15, 2024 09:47
  

  Stock market updates today: Major gainers and losers on the NSE at 9.30 am

  Major gainers: UPL (1.50%), Adani Ports (1.41%), Adani Enterprises (1.01%), Power Grid (0.86%), Britannia (0.86%)

  Major losers: BPCL (-3.03%), M&M (-1.46%), Infosys (-1.22%), Coal India (-0.87%), Axis Bank (-0.83%)

• March 15, 2024 09:46
  

  Stock market updates today: Crompton Greaves gets contract for Water Pumping Systems from Maharashtra, Haryana and Rajasthan; shares gain on NSE

  Crompton Greaves Consumer Electricals has bagged a letter of empanelment from the governments of Maharashtra, Haryana and Rajasthan, for supply, installation, testing and commissioning of Solar Photovoltaic Water Pumping Systems (SWPS) with PV Modules under the PM-KUSUM Scheme at locations across the respective states. 

  Crompton stock inches up by 0.95% on the NSE, trading at ₹281.85.

• March 15, 2024 09:42
  

  Stock market updates today: GST Authority search at Imagicaaworld Entertainment offices

  Imagicaaworld Entertainment Ltd said the State GST Authority is conducting a search/ survey under the Maharashtra GST Act, 2017, at its registered office located at Khopoli and Corporate Office located at Mumbai.

• March 15, 2024 09:39
  

  Stock market updates today: L&T Technology Services wins ₹800-crore programme from Maharashtra State Cyber Department, share trades higher on NSE

  L&T Technology Services has won a programme worth around $100 million (₹800 crore) from the Maharashtra State Cyber Department, under the Maharashtra government. LTTS trades at ₹5,288 on the NSE, up by 0.48%.

• March 15, 2024 09:27
  

  Stock market updates today: Crude oil futures trade lower

  Crude oil futures traded lower on Friday morning as the US producer price index (PPI) grew stronger than expected in February. At 9.23 am on Friday, May Brent oil futures were at $85.25, down by 0.20 per cent, and April crude oil futures on WTI (West Texas Intermediate) were at $81.12, down by 0.17 per cent. March crude oil futures were trading at ₹6728 on Multi Commodity Exchange (MCX) during the initial hour of trading on Friday morning against the previous close of ₹6742, down by 0.21 per cent, and April futures were trading at ₹6684 against the previous close of ₹6698, down by 0.21 per cent.

• March 15, 2024 09:26
  

  Stock market updates today: PayTM hit upper circuit 5 per cent

• March 15, 2024 09:26
  

  Stock market updates today: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

  The rebound in the market yesterday after the Wednesday crash is unlikely to sustain. Brent crude rising to $85 and the 10-year US bond yield spiking to 4.29% are headwinds for the market. Results of the stress tests conducted by the mid and small cap schemes of mutual funds expected today will be keenly watched by the market. If there are clear signs of stress there can be regulatory action by the SEBI, which will impact sentiments in the broader market. Even without stress tests one thing is clear: the broader market valuations are expensive and in some pockets valuations are frothy. This is clearly unsustainable. Even when prospects for certain sectors are good, valuations have run ahead of fundamentals. Low floating stock in many segments has resulted in prices shooting up. Investors should understand that high quality largecaps with good growth prospects are available at fair valuations. Focussing on such stocks would be safer than chasing smallcaps with stretched valuations.”

• March 15, 2024 09:25
  

  Stock market updates today: Anand James, Chief Market Strategist, Geojit Financial Services

  Fortunately the anticipated push above 22040 happened early in the day, keeping the bears at bay yesterday. However, as long as 22290 is not breached, the prospects of a turn lower will be alive today, which should limit upside attempts. But we will wait for a slippage past 22080 for downsides to emerge dominant, and until then expect swings on either sides.

  Nifty weekly contract has highest open interest at 22150 for Calls and 22100 for Puts while monthly contracts have highest open interest at 23000 for Calls and 21000 for Puts. Highest new OI addition was seen at 22150 for Calls and 22100 for Puts in weekly and at 24000 for Calls and 22200 for Puts in monthly contracts. FIIs increased their future index long position holdings by 4.71%, increased future index shorts by 8.56% and in index options by 30.92% decrease in Call longs, 22.83% decrease in Call short, 36.62% decrease in Put longs and 31.81% decrease in Put shorts

• March 15, 2024 09:24
  

  Stock market updates today: YES Bank gets NPCL approval to enable transition of payments services managed by Paytm Payments Bank

  YES Bank has received approval from National Payments Corporation of India (NPCI) for enabling transition of following payments services managed by Paytm Payments Bank Limited (PPBL):

  Paytm UPI App (owned by One97 Communication Ltd – OCL) – UPI consumer application and UPI collection for Offline Merchant Acquiring via OCL and Online Merchants via Paytm Payment Service Pvt Ltd (PPSL)

• March 15, 2024 09:13
  

  Stock market updates today: Vikas Jain, Senior Research Analyst at Reliance Securities

  Focus Today – Petrol and Diesel price cut by Rs2 each. FTSE rebalancing in Indian equity – Kalyan Jewellers, KPIT Tech, Phoenix Mills, SJVN, JSL, and others added. US Feb PPI data (Inflation) above expectation but Retail Inflation below expectation. Oil price 4-month high. IIP data – US. France – CPI data. Global Fund Buying of Indian Stocks Hits 8-Month High. ADR/GDR – Infosys and Wipro up 1.5% each. HDFC Bank down 2.5%.

  Market Update – Market trend Today – Above expectation US Wholesale Price Index (PPI), rising US 10-Year bond yield to 1-month at 4.28%, Brent crude spiked to 4-month high above $85/bbl, expectation of US Fed to delay cut interest rate and weakness in the global markets, may open domestic equity on a weak note. Overnight U.S. stocks ended lower up to 0.5% after February producer-price data came in hotter than expected. Treasury yields jumped and the dollar strengthened as the PPI data prompted traders to pull back on expectations for a June interest-rate cut. Oil rallied on a forecast for an increase in global demand. The US Producer Price Index soared 0.6% while expectation was 0.3%. US Retail in Feb reported at 0.6% while expectation was 0.8%. Gift Nifty declined by 125 points or 0.5% on expectation the US Fed may not cut interest rate in the mid-year. As a result, the US 10-Year Bond yield soared by 10bps to 4.28%. Yesterday, Nifty soared over 0.5% after a fall of four trading sessions amid boosted sentiment & a rally in the global markets.

  Strong FIIs and domestic buying interest and favorable domestic micro data will be positive for the market sentiment. Expects positive for upstream oil companies after oil price surged to 4-month high. Metal stocks may be positive due to copper price surged to 9-month high in the international market. The FTSE and Bharat 22 index rebalancing will happen in the trading session on Friday, March 15. The FTSE rebalancing event is a positive net-inflow event as far as Indian markets are concerned. It’s a $1.85 billion inflow or Rs14000cr

  Oil Price Update –Oil held near a four-month high above $85/bbl on account of Russia-Ukraine geo-political tension and the IEA forecast a supply deficit through 2024, changing its earlier projection of a surplus, on the premise OPEC maintains production cuts.

  Gold Price Update – Gold declined 0.5% to $2162/ounce after a series of hot inflation readings pushed back expectations for when the Federal Reserve will cut interest rates.

  NIFTY-50 OUTLOOK

  NIFTY-50 has managed to hold its previous day lows and 50 day average of 21,900 and moved higher to test the resistance of 22,200 levels.

  An either side follow up could be expected from the band of averages of 21,900-22,200 levels which will give the next directional move.

  RSI has witnessed some bounce from the hourly oversold averages and other key technical indicators are showing some up move. 

  Highest call OI has moved to 22,500 strike while on the downside the highest put OI is at 22,000 for the weekly expiry.

• March 15, 2024 09:13
  

  Stock market updates today: Morning Outlook Quote: Deepak Jasani, Head of Retail Research, HDFC Securities. (March 15)

  Indian markets could open lower, in line with lower Asian markets today and negative US markets on Mar 14

  U.S. stocks dropped on Thursday, with chipmaker stocks extending losses for a second day, and as a jump in producer prices left investors wondering if the Federal Reserve might wait longer than expected to cut interest rates. Data showed U.S. producer prices increased more than expected in February as the cost of goods like gasoline and food surged. The producer price index (PPI) for final demand rose 0.6% last month, above the 0.3% climb forecast by economists polled by Reuters, after advancing by an unrevised 0.3% in January. US 10-year yields climbed 10 basis points to 4.29%. Traders pared bets on Fed cuts in 2024, with swaps fully pricing in a first move in July. U.S. retail sales rebounded in February, rising 0.6%, but less than the 0.8% advance expected.

  The People’s Bank of China on Friday kept the rate on its one-year policy loans steady at 2.5% on Friday, as expected by most economists surveyed by Bloomberg. Oil held near a four-month high after the IEA forecast a supply deficit through 2024, changing its earlier projection of a surplus, on the premise OPEC+ maintains production cuts. State-run Oil Marketing Companies (OMCs) announced a reduction in petrol and diesel prices by Rs 2 per litre across the country, to be effective from 6am on March 15. Asian markets opened lower following declines on Wall Street as new data weakened the case for imminent Federal Reserve interest rate cuts. Nifty ended higher on March 14, recovering from a worst selloff in the previous session amid buying across sectors. At close, Nifty was up 0.68% or 148.9 points at 22146.7. Nifty made a small bull candle on March 14 and did not breach the lows of the previous session or of the near-term low. After the knee jerk reaction to the previous session’s brutal selloff, Nifty could now return to normalcy. It could stay in the 21918-22325 band for the near term.

• March 15, 2024 09:12
  

  Stock market updates today: Pre-market views by Avdhut Bagkar Technical and Derivatives Analyst, StoxBox

  In early trading on Thursday, US stocks showed a lack of direction but eventually moved mostly lower throughout the session. Despite somewhat subdued selling pressure, the major averages all trended downwards, driven by renewed concerns about the Federal Reserve postponing its first interest rate cut. This concern was sparked by hotter-than-expected inflation data released by the Labor Department before trading began. The report revealed that producer prices increased by a significant margin in February, with the producer price index for final demand climbing by 0.6%, following a 0.3% rise in January. Meanwhile, Asian markets traded lower on Friday in response to the faster-than-expected growth in US producer prices for February. In the commodity markets, state-run Oil Marketing Companies (OMCs) announced a reduction in petrol and diesel prices by Rs 2 per litre across India, effective from 6 am on March 15. Despite this, oil prices edged lower on Friday but were set to register nearly a 4% gain for the week. This increase was attributed to sharp declines in US crude and fuel inventories, drone strikes on Russian refineries, and a rise in energy demand forecasts, which buoyed prices. On the other hand, gold prices slid on Thursday following the larger-than-expected rise in February’s US producer price index (PPI). This increase cooled expectations of early rate cuts by the Federal Reserve, subsequently boosting Treasury yields and the dollar. On March 15, the benchmark Sensex and Nifty are anticipated to open with a gap-down as indicated by the trends in the GIFT Nifty, signaling a weak start for the broader index.

  Following the broad-based selling and breaking down from the rising wedge pattern in the penultimate trading session, the benchmark index saw a flattish opening below 22,000 in the previous trading session. The 50DMA offered immediate support, allowing the price to close 287 points higher from the day’s low. 22000PE has observed the highest open interest on the derivative front, indicating immediate support. Sustenance above the zone of 22000-21900 will allow the index to garner bullish strength, failing which the support is anticipated to be dragged lower to 21450.

• March 15, 2024 09:10
  

  Stock market updates today: Pre-opening market comment by Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd

  “In today’s market overview, the GIFT Nifty experienced a notable downturn to 22,132 amidst a predominance of bearish sentiment, influenced by rising US producer prices, an FII selling spree, a surge in WTI Crude futures above $81, and weak global cues. NIFTY faces crucial support at 21,861 and 21,500, with strength confirmed above 22,300. Amidst this backdrop, caution is advised, especially with the upcoming stress test disclosures for funds. Sector-wise, rubber prices hitting a 20-month high negatively impact tyre stocks, while falling iron ore and steel prices due to decreased Chinese demand affect related stocks negatively. Conversely, rising copper prices signal positive momentum for companies like Hindustan Copper. Amidst these dynamics, Fitch Ratings’ uplifted forecast for India’s growth to 7% offers a silver lining. Trading strategies recommend selling NIFTY and Bank Nifty at specified zones with clear stop and target levels to navigate the current market conditions.”

• March 15, 2024 09:09
  

  Stock market updates today: Domestic markets at close on Thursday

  Shrikant Chouhan, Head Equity Research, Kotak Securities.

  Benchmark indices witnessed a rise on Thursday, with Nifty closing 153 points higher while Sensex closing 314 points higher. Among sectors, media, digital, oil & gas, and metal stocks recorded intraday buying interest, while banking and financial stocks witnessed intraday selling pressure at higher levels. Technically, the market bounced back sharply after a slow start but it failed to close above the 20-day SMA (Simple Moving Average) resistance level. In our view, the short-term market structure is still on the bearish side. For day traders, 22000/72500 would be the important support level, above which, Nifty may continue pullback formation till 22250-22275/73400-73500. On the other hand, selling pressure is likely to increase below 22000/72500. Below 22000/72500, the market may slip to 21950-21900/72400-72200. 

  For the Bank-Nifty, support exists at 46500 and 46200. Resistance is lined at 47000 and 47250. Above 47250, we could see a short covering in the market. 

  In case the market holds above 21900 and forms any reversal formation then traders may look to take a buying view in the market. However, on the dismissal of 21900, traders should look for taking a selling view with a stop at 22000. Below 21900, it can fall to 21800 and 21700.

• March 15, 2024 09:08
  

  Stock market updates today: Fund House Recommendations  

  Investec on Westlife: Initiate Buy on Company, target price at Rs 923/sh (Positive) 

  MOSL on VBL: Maintain Buy on Company, target price at Rs 1600/sh (Positive) 

  Jefferies on Consumer Durables: Amber, CG Consumer and V Guard are top summer picks (Positive) 

  BofA on Info Edge: Maintain Underperform on Company, raise target price at Rs 4050/sh (Neutral) 

  MS on PayTM: Maintain Equal weight on Company, target price at Rs 555/sh (Neutral) 

  UBS on PayTM: Maintain Neutral on Company, target price at Rs 510/sh (Neutral) 

  Nomura on Axis Bank: Maintain Buy on Company, target price at Rs 1250/sh (Neutral) 

  MOSL on OMCs: Maintains OMC earnings assumptions, despite fuel price cuts. (Neutral) 

  MS on OMCs: Much-anticipated Auto Fuel Price Cut Should Finally Remove Key Overhang (Neutral) 

  CLSA on OMCs: Sell Call on HPCL, BPCL & IOC. 2% Cut in Retail Price of Diesel & Petrol May Be a Big De-rating Event (Negative) 

  Citi On OMCs: Unwarranted Petrol & Diesel Price Cut but Not Entirely Unexpected With Crude Prices Breaching $85/bbl, A Price Cut In Diesel Was Not Warranted (Negative) 

  CLSA on IT Stocks: Reiterate cautious stance; sell ratings on Wipro, HCL, TCS and LTIMindtree (Negative)

• March 15, 2024 08:39
  

  Stock market updates today: Gopal Snacks LTD QUANT MUTUAL FUND Bought 15,05,000 shares @ Rs.374.21

  QUANT MUTUAL FUND Bought 15,05,000 shares @ Rs.374.21

• March 15, 2024 08:17
  

  Stock market updates today: KP Green Engineering Limited raises Rs. 54 crore from Anchor Investors

  KP Green Engineering Limited manufacturer of fabrication and hot-dip galvanized steel products and other infrastructure solution products has garnered Rs. 54 crores from anchor investors ahead of its initial public offering that opens for public subscription on Friday, March 15, 2024. The company informed the bourses that it allocated 37,50,000 equity shares at Rs. 144 per equity share on Thursday, March 14, 2024, to anchor investors.

  Foreign and Domestic Institutions who participated in the anchor were Bofa Securities Europe Sa – Odi, Nav Capital Vcc – Nav Capital Emerging Star Fund, Lc Radiance Fund Vcc, Finavenue Capital Trust – Finavenue Growth Fund, Nova Global Opportunities Fund Pcc – Touchstone, Zeal Global Opportunities Fund, Zinnia Global Fund Pcc – Cell Dewcap Fund, Ag Dynamic Funds Limited, Morgan Stanley Asia (Singapore) Pte, Silver Stride India Global Fund, Negen Undiscovered Value Fund, Beacon Stone Capital Vcc – Beacon Stone, Galaxy Noble Global Opportunities Fund Pcc- Gngof 1, Persistent Growth Fund-Varsu India Growth Story Scheme 1, Craft Emerging Market Fund Pcc- Elite Capital Fund, 3 Sigma Global Fund, Forbes Emf, Leading Light Fund Vcc – The Triumph Fund, Nexus Global Opportunities Fund, Moneywise Financial Services Pvt. Limited, Mfspl, Lrsd Securities Pvt. Ltd., Vpk Global Ventures Fund – Vpk Global Ventures Fund – Scheme I, Craft Emerging Market Fund Pcc-Citadel Capital Funds, Eminence Global Fund Pcc-Eubilia Capital Partners Fund I, Ashika Global Securities Private Limited, Benani Capital – Benani Capital Scheme 1

• March 15, 2024 08:15
  

  Stock market updates today: Stocks To Watch

  FTSE and Sensex Rejig: Nuvama Institutional Equities expects that India will see an inflow of over $1.7 billion, mainly from the financial space. The FTSE rejig is set to happen on Friday.

  * Oil Marketing Companies:* OMCs will cut petrol and diesel prices by Rs 2 per litre from Friday.

  * Wipro:* The IT major has been selected by Desjardins to transform their credit solutions for members and clients.

  * One 97 Communication:* The National Payments Corporation of India has granted approval to the company to participate in UPI as a third-party application provider under the multi-bank model.

  * NHPC:* The company has received a letter of intent for a 200 MW solar power project at Khavda from Gujarat Urja Vikas Nigam.

  * TVS Motor:* The company’s Singapore arm will invest $5.5 million in lon Mobility.

  * Railtel Corp:* The company received a work order worth Rs 113.5 crore from the Odisha Computer Application Centre to establish IP-MPLS network connectivity in Odisha.

  * Tata Steel:* The board is meeting on March 19 to approve fundraising.

  * Dr.Reddy’s Laboratories:* The Mexican arm was fined Rs 28.8 crore in a tax litigation case.

  * JSW Energy:* The company received a letter of intent for 300 MW of solar capacity from Gujarat Urja Vikas Nigam at Khavda RE Park.

  * KP| Green Energy:* The company received an order for a 50MW wind-solar hybrid power project from Gujarat Urja Vikas Nigam.

  * Ashok Leyland:* The company arm Hinduja Tech signed a definitive agreement with Creador to invest $50 million and acquire a 19.6% stake in the arm.

  * Tata Consumer Products:* The company will consider a share-based long-term incentive plan for the grant of performance share units to eligible employees.

  * Navin Fluorine International:* The company approved an additional investment of Rs 250 crore in the arm of Navin Fluorine Advanced Sciences.

  * Shakti Pumps:* The company received a Rs 93 crore order from the Maharashtra Energy Department to design, manufacture, install, and supply 3,500 solar photovoltaic water pumping systems.

  * Sarveshwar Foods:* The company will export white rice to Africa for $6 million.

  * Eris Lifesciences:* The company entered into a pact to acquire 19% equity in Swiss Parenterals from the promoters of the company for Rs 238 crore.

  * Innova Captab:* Gaurav Srivastava resigned from the position of chief financial officer effective March 29.

  * Gujarat Fluorochem:* The company incorporated its arm, IGREL Mahidad for power generation.

  * InterGlobe Aviation:* The company introduced 11 new codeshare routes across Australia in a pact with Qantas Airways.

  Infibeam Avenues: The company issued a guarantee worth Rs 140 crore on behalf of the arm in favour of IndusInd Bank.

  * Biocon:* Indranil Sen has resigned from the position of chief financial officer, effective today.

  * Bombay Burmah:* The Maharashtra state tax department initiated a search at the company’s office on March 13.

  * Network18 Media:* Digital18 Media ceases to be an arm of the company consequent to the transfer of its stake in the arm to Viacom 18 Media.

  * Mukka Proteins:* The company received purchase orders worth Rs 15.25 crore from Avanti Feeds for the supply of fish oil.

  * Shalby:* The company secured a Rs 100 crore term loan agreement with Bajaj Finance for acquiring 100% equity shares of Healer’s Hospital, both for private and general corporate purposes.

  NCC: The company’s unit has settled a dispute with TAQA India Power Ventures and Himachal Sorang regarding the Himachal Sorang power project. The company’s unit is to pay Rs. 175 crore in three instalments to TAQA, guaranteed by NCC.

  Elpro International: The company acquired shares of Ami Organics for a cash consideration of Rs 6.31 crore. 

  Genesys International: The company secured an order worth Rs 155.8 crore from Brihanmumbai Municipal Corp. for developing, implementing, and maintaining a 3D city model using geospatial technology.

  Bulk deals

  Mold-Tek Packaging: Goldman Sachs India sold 2.36 lakh shares (0.71%) at Rs 804.98 apiece. 

  Insider Trades

  Rajratan Global Wire: Promoter Sunil Chordia bought 20,000 shares on March 12. 

  Ramkrishna Forgings: Promoter Riddhi Portfolio bought 30,000 shares on March 13. 

  Gokul Agro Resources: Promoter Ritika Infracon bought 2.44 lakh shares on March 13. 

  Nuvoco Vistas Corporation: Promoter Niyogi Enterprise bought 3.03 lakh shares between March 13.

  Pledge Share Details 

  Apollo Micro Systems: Promoter Group Karunakar Reddy Baddam created the pledge of 43.35 lakh shares on March 13. 

  Aster DM Healthcare: Promoter Union (Mauritius) Holdings created a pledge of 1.99 crore shares and Union Investments created a pledge of 18.68 crore shares on March 12.

  Trading Tweaks

  Ex/record Dividend: IIFL Securities. 

  Moved into short-term ASM framework Capri Global Capital, BCL Industries, India Pesticides

  F&O BAN

  1ABFRL

  2BHEL

  3MANAPPURAM

  4NATIONALUM

  5PEL

  6RBLBANK

  7SAIL

  8TATACHEM

  9ZEEL

• March 15, 2024 08:06
  

  Stock market updates today: Stock Split Dates

  Tine Agro Ltd

  Stock Split Rs.10/- to Rs.1/-

  Previous day Closing Price – Rs. 433.3

  Ex – Stock Split 18 March 2024 (Monday)

  Last day trade for before split Today

• March 15, 2024 08:06
  

  Stock market updates today: Bonus Issue Dates

  Tine Agro Ltd

  Bonus issue 1:1

  Previous day Closing Price – Rs. 433.3

  Ex Bonus 18 March 2024 (Monday)

  Last date Trade for Before Bonus Today

• March 15, 2024 08:05
  

  Stock market updates today: Dividend Dates

  Oil India Ltd.

  Dividend Per Share Rs.8.5

  Previous day Closing Price – Rs. 572.7

  Ex-Dividend 18 March 2024 (Monday)

  Last date for Cum-Dividend Today

• March 15, 2024 08:04
  

  Stock market updates today: Securities in F&O Ban For Trade Date 15-March-2024  

  • ABFRL

  • BHEL

  • MANAPPURAM

  • NALCO

  • PEL

  • RBLBANK

  • SAIL

  • TATACHEM

  • ZEEL

• March 15, 2024 07:59
  

  Stock market updates today: Stocks that will see action today (March 15, 2024)

  Stocks likely to see action today include Paytm, Ashok Leyland, RPower, JSW Energy, IRB Infra, NHPC, Shalby, Rose Merc, RailTel, Century Ply, Gufic Bio, Genesys, Time Technoplast, CFF Fluid

• March 15, 2024 07:24
  

  Stock market updates today: Oil & Gas price cuts finally announced, removes a key overhang

  Emkay Global 

  The OMCs have finally announced price cuts in auto fuels (~Rs2/ltr each in petrol & diesel RSP), following a series of cuts announced earlier by CGD companies in CNG (~Rs2.5/kg) and government-OMCs on LPG (~Rs100/cy). While the MOPNG Twitter handle first reported OMCs taking the decision themselves, the government’s influence can be felt, given the fact that it has happened just before the announcement of election dates and model code of conduct. Nevertheless, like with gaseous fuels, the cut is within the comfort zone (petrol cut was lower than our >Rs3/ltr expectation), and would not impact our FY24E earnings for IOCL, BPCL, and HPCL, despite gross marketing margins for the last fortnight of this fiscal would be lower by Rs1.6/1.7 per ltr for petrol/diesel at ~Rs5/1.4 per ltr and assuming Brent stays at ~USD85/bbl and current cracks and currency levels remain intact. This announcement does not have any bearing on FY25E earnings outlook, as we believe, the consequent margin impact will only be for a brief period of ~2 months. Once the national elections are over, we would see deepening deregulation with daily pricing also possibly coming back, and with enough room to recover any under-recovery. In LPG also, CP margins are negative (~Rs200/cy), but buffer reserves are mostly available to bear a few months of losses, with not much financial impact expected. During the next two months, oil price movement is likely to play on sentiments. Our belief is that any correction in stock prices would be an attractive entry point. Hence, we maintain our constructive stance on OMCs

• March 15, 2024 07:23
  

  Stock market updates today: *Researchbytes Analyst App *

  https://play.google.com/store/apps/details?id=com.intelegain.rb

  Recent Interview…

  As of 18:29 PM Thursday 14 March 2024

  Adani Wilmar Ltd: Angshu Mallick, CEO

  We Are Eyeing Double-Digit Volume Growth In FY25 For Edible Oil: Adani Wilmar |

  Gopal Snacks: Raj Hadvani, CEO

  75% Of Revenue Comes From Gujarat & The Share Will Be At 50% In 5 Years: Gopal Snacks

  Gopal Snacks: Raj Hadvani, CEO

  Gopal Snacks IPO Opens | Capacity Utilisation Plans

  J Kumar Infra: Nalin Gupta, MD

  Should Be Able To Achieve Order Inflow Of ?7,000-8,000 Cr In FY25: J Kumar Infraprojects

  MOLDTKPAC: Laxman J Rao, CMD

  Mold-Tek Packaging: Opportunity In Pharma Packaging Seg

  Allcargo: Ravi Jakhar, Director

  Will Continue To Gain Market Share Above Industry Average: Allcargo Logistics

  Metropolis: Ameera Shah, MD

  Core Diagnostics Business Has Outpaced The Industry As Of 9MFY24: Metropolis Healthcare

  Titagarh Rail: Umesh Chowdhary, Vice Chairman & Managing Director

  Orders For New Vande Bharat Trains Will Be Announced Post Elections: Titagarh Rail Systems

  V-Mart Retail: Lalit Agarwal, CMD

  Target High Single-Digit Same-Store-Sales Growth & Double-Digit Revenue Growth In FY25: V-MART

  Advanced Enzyme: Mukund Kabra, Wholetime Director

  There Will Be Hit Of ?15 Cr On The P&L In Q4 Due to Order Against Adv Supp Tech: Advanced Enzymes

  Events today…

  https://www.researchbytes.com/Default.aspx?cc=event

  Results today…

  https://www.researchbytes.com/Default.aspx?cc=result

  Replays available at www.researchbytes.com

• March 15, 2024 07:05
  

  Stock market updates today: Fitch places IIFL Finance on ‘Watch Negative’ citing risks to profitability, franchise

  Fitch Ratings has placed IIFL Finance’s ‘B+’ rating on ‘Watch Negative’ citing downward risks to the franchise and profitability due to regulatory restrictions.

• March 15, 2024 07:04
  

  Stock market updates today: Economic Calendar – 15.03.2024 

  18.45 U.S. Industrial Production m/m (Expected: 0.0% versus Previous: -0.1%)

  19.30 U.S. Prelim UoM Consumer Sentiment (Expected: 77.1 versus Previous: 76.9)

• March 15, 2024 07:03
  

  Stock market updates today: Major U.S. listed stocks result calendar 15.03.2024

  Jabil Inc. (Pre market) (Sector- Technology)

• March 15, 2024 07:02
  

  Stock market updates today: IndusInd International says impossible to complete RCap acquisition in FY24

  IndusInd International Holdings (IIHL), a Hinduja Group company and the successful resolution applicant for acquisition of Reliance Capital, has said that it will be unable to complete the resolution process in FY24.

• March 15, 2024 06:58
  

  Stock market updates today: Today’s Stock Recommendation: 15th March 2024

• March 15, 2024 06:49
  

  Stock market updates today: Oil marketing companies cut petrol, diesel prices by ₹2 per litre

  Oil marketing companies (OMCs) on Thursday cut prices of diesel and petrol by ₹2 per litre each across the country, the first revision by the companies since April 6, 2022. The last reduction in the prices of auto fuels was through a cut in excise duty in November 2022.

• March 15, 2024 06:46
  

  Stock market updates today: Stock to sell today: ICICI Securities (₹736): SELL

  The outlook is bearish for ICICI Securities. The uptrend has reversed after forming a double-top pattern. The share price has been falling for more than two weeks now. This week the stock has tumbled over 7 per cent. 

• March 15, 2024 06:43
  

  Stock market updates today: Eris Lifesciences acquires India-branded formulation business of Biocon Biologics for ₹1,242 crore

  Eris Lifesciences has entered into a definitive agreement to acquire the India-branded formulation business of Biocon Biologics for ₹1,242 crore, a move that strengthens its footprint in the domestic injectables segment, and catapults it into the top bracket of the insulin segment.

• March 15, 2024 06:42
  

  Stock market updates today: With Paytm Bank set to wind down, uncertainty clouds One97’s future

  The ides of March is upon us and Paytm’s future hangs in the balance. March 15 is the deadline for subsidiary Paytm Payments Bank (PPBL) to wind down its operations, taking with it a significant portion of parent One97 Communication’s (OCL) business.

• March 15, 2024 06:40
  

  Stock market updates today: GAIL to set up LNG filling stations along NHs; to invest ₹650 crore

  State-run GAIL on Thursday said that it will set up liquefied natural gas (LNG) retailing outlets, which will cater to medium and heavy commercial vehicles, along major national highways (NHs) and aims to capture more than 50 per cent market share by 2030.

• March 15, 2024 06:38
  

  Stock market updates today: Insurance NFOs: Why you must not confuse this with mutual funds

  The huge interest in mutual funds among retail investors over the past several years, specifically the SIP (systematic investment plan) mode, which allows small sums to be parked periodically in schemes, has spawned a new rival. As asset management companies roll out new fund offers (NFOs) periodically, life insurance companies, too, have been on a launching spree.