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All other sectoral indices ended in the red, with Realty, Media, PSU Bank, Telecom, Power, Oil & Gas, Metals down over 5 percent each.
March 13, 2024 / 03:57 pm IST
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Broader markets were battered on March 12, with Nifty Midcap 100 and Nifty Smallcap 100 indices declining up to 5 percent
Moneycontrol.com
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March 13, 2024 / 03:48 PM IST
Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The bears maintained full control as the Bank Nifty index faced rejection at the 47500 mark, establishing it as a strong resistance zone. The index continues in a “sell on rise” mode until this resistance is overcome on a closing basis. Moreover, breaching its 20DMA suggests a follow-up selling pressure that could drive the index lower toward the 46000/45500 mark.
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March 13, 2024 / 03:44 PM IST
Rupak De, Senior Technical Analyst at LKP Securities
Recently, the Small and Midcap stocks faced a bumpy ride due to SEBI’s vigorous crackdown on over-speculation, prioritizing the safeguarding of market participants’ interests. Both indices slipped below their recent consolidation levels, sparking increased bearishness among market participants. Moreover, they’ve dipped below crucial short-term moving averages, further dimming the overall sentiment. While buying on substantial dips may offer opportunities, it’s essential to be highly selective and focus on specific stocks within the broader market landscape.
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March 13, 2024 / 03:38 PM IST
Rahul Sharma Head Technical and Derivatives Research, JM Financial Services
Its seems like largecaps have joined the correction in smallcaps and midcaps which have been under severe selling pressure in the last few days. Nifty has a derivatives support at 22,000 so any sustenance below the same should be taken as an indication of caution for longs. The only silver lining today has been in select private banks and FMCG stocks which have held their ground amidst a market-wide selloff.
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March 13, 2024 / 03:32 PM IST
Rupee Close:
Indian rupee ended lower at 82.86 per dollar versus previous close of 82.77.
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March 13, 2024 / 03:30 PM IST
Market Close:
Indian equity market ended on a weak note with Nifty below 22,000 amid selling across the sectors.
At close, the Sensex was down 906.07 points or 1.23 percent at 72,761.89, and the Nifty was down 338.00 points or 1.51 percent at 21,997.70. About 290 shares advanced, 3202 shares declined, and 38 shares unchanged.
Biggest losers on the Nifty included Adani Enterprises, Coal India, Adani Ports, Power Grid Corporation and NTPC, while gainers were ITC, UltraTech Cement, HCL Technologies, Kotak Mahindra Bank and ICICI Bank.
All other sectoral indices ended in the red, with Realty, Media, PSU Bank, Telecom, Power, Oil & Gas, Metals down 4-6 percent.
BSE Midcap and Smallcap indices down 4-5 percent.
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March 13, 2024 / 03:25 PM IST
Stock Market LIVE Updates | Dynamatic Technologies announced a new partnership with Deutsche Aircraft, the German OEM based in Münich, Germany.
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March 13, 2024 / 03:21 PM IST
Stock Market LIVE Updates | Hindustan Organic Chemicals sold 26.80 acres of land parcels for aggregate amount of Rs.37.53 crores to BPCL.
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March 13, 2024 / 03:19 PM IST
Sensex Today | Oil rises on signs of strong demand and rate cut hopes
Oil rose on Wednesday, supported by signs of strong global demand including from top consumer the United States while hopes that the Federal Reserve might start cutting rates soon also buoyed sentiment despite somewhat sticky U.S. inflation.
In an indication of healthy demand, U.S. crude oil and fuel inventories fell last week, according to market sources citing American Petroleum Institute figures ahead of Wednesday’s official U.S. inventory report.
Brent futures for May rose 83 cents, or 1%, to $82.75 a barrel by 0922 GMT. U.S. West Texas Intermediate crude for April gained 59 cents, or 0.8%, to $78.15.
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March 13, 2024 / 03:16 PM IST
Stock Market LIVE Updates | Shriram Properties launches new residential project in Bangalore with potential revenue at Rs 350 crore
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March 13, 2024 / 03:14 PM IST
Stock Market LIVE Updates | CLSA View On Jubilant Foodworks
-Sell call, target Rs 439 per share
-Impressive sales growth
-Overall profitability has been impacted by debt
-Profitability in Turkey and Bangladesh in line with expectations
-Highlighted upside for Domino’s in Turkey
-Currency risk prevails as cash flows in Turkish Lira and debt in Euros
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March 13, 2024 / 03:11 PM IST
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March 13, 2024 / 03:08 PM IST
Sensex Today | BSE Telecom index fell 5 percent dragged by Railtel Corporation of India, MTNL, ITI
BSE Telecommunicatio Top Stock Losers (Intra-day)
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March 13, 2024 / 03:01 PM IST
Sensex Today | Market at 3 PM
The Sensex was down 937.94 points or 1.27 percent at 72,730.02, and the Nifty was down 348.90 points or 1.56 percent at 21,986.80. About 306 shares advanced, 3086 shares declined, and 40 shares unchanged.
Advance/Decline (Intra-day)
;22,012.75 -322.95(-1.45%)
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