Stock Market Today: Nifty, Sensex End Higher As Pharma, Financials Surge; ICICI Bank, Axis Bank Add To Gains

The Nifty closed above 22,500 while the Sensex added 340 points to end at 74,169. Dr Reddy's Labs and Bajaj Finserv were the top gainers.

The Nifty and Sensex are trading higher, tracking global cues.

The Nifty closed above 22,500 while the Sensex added 340 points to end at 74,169. Dr Reddy's Labs and Bajaj Finserv were the top gainers.
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Rupee Vs US Dollar: INR Ends Higher 

The rupee strengthened 20 paise to 86.80 against the US Dollar. The closing level is the highest since Feb 24.

Source: Bloomberg

Stock Market Today: Nifty, Sensex End Higher

  • Nifty up 0.5% for the day

  • Sensex up 0.46% for the day

  • Dr. Reddys, Bajaj Finance top gainers in Nifty

  • Nifty Midcap 150 gains 0.7% for the day.

  • Coromandel Industries, Hitacghi Energy, Muthoot Finance top gainer in Nifty Midcap 150.

  • Nifty Smallcap 250 gain 0.3% for the day led by Elgi Equiment, KEC International

  • Nifty Pharma emerged as top sectoral gainer for the day, led by Dr. Reddys Laboratories, Granules and Biocon.

  • Nifty Metal snaps two days losing streak.

  • Nifty Bank gains for the third day in a row.

  • Nifty IT snaps 5 days losing streak.

  • Nifty Oil and Gas fell for the second day in a row.

  • Nifty realty fell for the third day in a row.

  • Nifty Media fell for the fifth day in a row.

Stock Market Live Update: Tata Motors Hikes Commercial Vehicles' Price By 2%

Tata Motors will increase the prices of its commercial vehicles by 2% starting April 1. The price hike will be applicable across the company's commercial vehicle range.

Rupee Rises To Highest Level Since Feb 24

Intraday, the rupee strengthened 24 paise to 86.76 against US Dollar. It ended at 87.00 a dollar on Thursday, according to Bloomberg.

Gold Prices Likely To Soften In Near Term; Experts Advise To Book Profit

Experts see gold prices may soften in the near term with the US trying to negotiate a ceasefire deal between Ukraine and Russia. Hence, they suggested investors sell gold and book profit. Investors who are interested in investing in the precious metal are advised to wait.

Read the full article here.

Stock Market Live Update: Royal Orchid Hotels To Launch New Properties In Goa 

Royal Orchid Hotels has announced the launch of two new properties in Goa under its Regenta brand.

Hindustan Copper Share Price Down

Hindustan Copper share price traded lower as copper prices soared near a five-month high after China vowed to revive consumption in the world’s largest consumer of the metal.

Share Market Live: Moody’s On Tata Motors

  • JLR is exposed to potentially higher US tariffs on EU or UK produced goods.

  • Passing on the entire quantum of the tariff hike may be difficult for JLR.

  • A decline in US demand, which accounts for nearly a third of JLR's sales, would be credit negative.

Share Market Live: Moody’s On Samvardhana Motherson

  • SAMIL generates 20% of revenue from the US, which including operstions in Mexico.

  • SAMIL will likely seek to pass on tariff-induced cost increases to its customers.

  • SAMIL pursuing a diversification strategy to reduce revenue concentration to less than 10%.

Share Market Live: Moody’s On US Tariff Impact On Indian Auto

  • Moody’s sees Tata Motors' JLR and Samvardhana Motherson as most impacted.

  • Vehicle exports to the US are limited, at around 3% of total exports for India.

  • But auto parts, luxury car makers with operations in Canada and Mexico and EU are subject to tariffs.

  • Impact on profitability will depend on how much of the tariffs they pass on to consumers

Shree Cement's Capacity Concentration In North Could Help Boost Profitability

More than half of Shree Cement Ltd.'s capacity is currently located in the Northern region of India.

This capacity location could help the company's profitability gain more compared to peers, since the North is expected to see better prices over the next two years.

Read full story here.

Share Market Live: Ola Electric Share Price Today

The shares of Ola Electric fell nearly 8% after a vendor has sought the initiation of insolvency proceedings against a wholly owned subsidiary of the electric two-wheeler maker over non-payment of dues. The shares fell as much as 7,84% to Rs 46.55 apiece on Monday.

Share Market Live: Five-Star Business To Raise Upto Rs 4,000 Crore

Five-Star Business approves plan to raise up to Rs 4,000 crore through NCDs on private placement basis. The shares of the company rose over 2% on Monday.

Share Market Live: All Cement Companies Advance

All cement company stocks were trading in the green on Monday with Ramco Cements leading the gains.

What's Working For Indian Cement Sector According To DAM Capital

  • Sector is seeing demand uptick from December 2024 due to govt capex revival.

  • Expect consolidation pipeline to shrink.

  • Demand uptick, consolidation ending to tone down the competitive intensity.

  • Utilization levels should broadly remain stable at 75-76% over FY25E-27.

  • Expect demand/supply CAGR of 7.3%/8.5% over FY25-27.

Also Read: Shree Cement's Capacity Concentration In North Could Help Boost Profitability

Sai Life Sciences: What Jefferies Has To Say

Jefferies started coverage on the newly-listed Sai Life Sciences Ltd. with a 'hold' rating and a target price of Rs 720. The target price implies a 5% upside from the stock's closing price on Friday. Sai Life Sciences is trading at a high valuation, which is the main reason behind the limited upside projection, Jefferies said.

Read full story here.

Share Market Today Live: KEC International Share Price Today

The shares of KEC International Ltd. rose nearly 7% on Monday after the company received new orders worth Rs 1,267 crore across its businesses. The shares rose as much as 6.83% to Rs 717.50 apiece, the highest level since March 12. It pared gains to trade 5.12% higher at Rs 706 apiece, as of 12:43 p.m. This compares to a 0.29% advance in the NSE Nifty 50 Index.

Read full story here.

HPCL Gets New Chairman

Hindustan Petroleum Corp appointed Vikas Kaushal as chairman and managing director for five years. He is the first private sector executive to head a state-owned refinery.

Macro News Live: Wholesale Inflation Data

Wholesale Price Index at 2.38% compared to 2.31% (month-on-month)

  • Fuel and power inflation at -0.71% Vs -2.7 In January

  • WPI Manufactured Products Inflation At 2.86% Vs 2.51% In January

  • WPI Primary Articles inflation at 2.81% Vs 4.69% In January

  • WPI Core inflation rate at 1.3% Vs 0.9% In Januray

  • Dec WPI Inflation rate revised to 2.57% Vs 2.37% provisional

Also Read: India's Wholesale Inflation Eases To 2.31% In January

Share Market Today Live: Midday Nifty, Sensex Update

  • Nifty 50 up 0.47%; intraday high 0.8%

  • Sensex up 0.46%; intraday high 0.74%

  • Nifty Bank up 0.7%; intraday high 0.88%

  • Nifty Midcap 150 up 0.7%

  • Nifty Smallcap 250 up 0.63%

  • Nifty Pharma, Nifty Finance top sectoral gainers

  • Top Nifty Gainers: SBI Life, Bajaj Finserv, Dr Reddy's Labs

  • Top Nifty Losers: BPCL, Britannia Industries, Hero MotoCorp

Stocks In News: Coforge, IndiGo Added To Morgan Stanley Watchlist

Coforge Ltd. and IndiGo airline parent InterGlobe Aviation Ltd. have been added in Morgan Stanley's 'focus list', replacing Infosys Ltd. and Mahindra & Mahindra Ltd.

Coforge offers a compelling growth story with scalability potential, driven by a strong management team, large deal momentum, and an expanding addressable market, analysts Ridham Desai and Nayant Parekh said in a recent note.

The budget airline, with more than 65% domestic market share, has a strong cost advantage, with a 15% lower cost per seat kilometer than peers, Morgan Stanley noted.

Read full story.

Nifty Today Live: Most IT Stocks Down

All but one of the nine IT stocks part of the Nifty IT index were trading below their previous close. Infosys managed to stay above with a 0.4% gain.

LTIMindtree was the top loser, followed by Wipro and Mphasis.

Ajmera Realty Share Price Live: New Project Win

Ajmera Realty will redevelop Mumbai housing society with gross development value of Rs 320 crore.

Source: Exchange Filing

SAIL Share Price Live: Large Trade 

A large trade of about 10 lakh shares of Steel Authority Of India has happened. The stock is down 1%.

Lupin Share Price Live: Stock Up, New Drug Approval

Lupin said it received tentative approval from USFDA for Amifampridine tablets used to treat Lambert-Eaton Myasthenic Syndrome.

Source: Exchange Filing

Bajaj Finserve Share Price Live: Large Trade 

A large trade of about 11 lakh shares of Bajaj Finserv has happened. The stock is up 2.5%.

Nifty Today Live: Most Auto Stocks Up 

Nifty Today Live: Pharma Stocks Trade Higher

Most pharma stocks traded higher on Monday. The top gainer was Dr Reddy's Laboratories, followed by Granules Pharma, Natco Pharma and Glenmark Pharma.

Maruti Suzuki Share Price Live: Car Price Hikes Coming

Maruti Suzuki share price was trading higher on Monday. The automaker announced it will raise car prices by up to 4% from April 2025 due to rising input costs and operational expenses.

Adani Stocks Live: Adani Enterprises, Adani Green Lead Gains

Adani Group stocks traded higher on Monday. Adani Enterprises, Adani Green, Adani Ports and Adani Energy gained over 2%.

Also Read: Adani Green Energy Gets 'Overweight' As Cantor Initiates Coverage On Growth Optimism

Donald Trump Says No Exemption To Metal Tariffs

US President Donald Trump said he has no intention of creating exemptions for the steel and aluminum tariffs imposed last week. He also said the reciprocal and sectoral tariffs on all countries will take effect as per plan on April 2.

Stock Market Live: These Stocks Down As Second Anchor Lock-In Ends

Shares of One Mobikwik Systems, Inventurus Knowledge Solutions and Sai Life Sciences traded lower as the second anchor investor lock-in period ended.

The equity free to trade in the recently listed companies are:

  • One Mobikwik Systems 6%

  • Inventurus Knowlege solutions 2%

  • Sai Life Sciences 4%

Nifty Today Live: Top Gainers & Losers

IndusInd Bank and SBI Life Insurance Corp are the top gainers on the Nifty. Bajaj Finserv and Dr. Reddy's Labs are also trading higher.

In terms of points contribution to the Nifty, HDFC Bank and ICICI Bank added the most.

Nifty Today Live: Auto, Pharma, Metal Top Gainers

Of the 12 sectoral indices on the NSE, 11 were trading in green. The Nifty Auto and Nifty Pharma both added over 1.5%, while Nifty Metal gained 1.1%.

Nifty IT is the sole sector in decline, down 0.18%.

Ola Electric Mobility Share Price Live: Stock Down

Ola Electric: Bad News Keep Finding Ola | Stock Down

Rosmerta Digital Services has sought initiation of insolvency proceedings against an Ola Electric subsidiary. It alleged default in payment towards the services rendered, i.e. vehicle registration process.

Ola Electric said it has sought appropriate legal advice and it strongly disputes the claims made. NDTV Profit had previously reported that Ola Electric is yet to settle its dues of Rs 17-18 crore with Rosmerta.

Ola Electric fell as much as 3.74%.

Stock Marlet Live: Nifty, Sensex Open Higher

India's benchmark equity indices opened higher on Monday, tracking cues from Asian peers and US market closing last week.

The Nifty opened 0.2% higher at 22,353 while the Sensex gained 0.5% to 74,192.

IndusInd Bank Share Price Up

IndusInd Bank share price gained over 5% in early trade on Monday after the Reserve Bank of India clarified that depositors need not worry. This came after the recent decline in the stock, that sparked street fears.

Also Read: No, Your IndusInd Bank Deposits Are Not Under Stress

HCC Share Price Live: Large Order Win

HCC's joint venture with Tata Projects received order worth Rs 2,191 crore for Indore Metro. The company's share in the project is Rs 1,205 crore.

Source: Exchange filing

Stock Market Live: Large Trade In HDFC Bank

A large trade of about 10 lakh shares of HDFC Bank has happened in the pre-open session.

Bond Yield Live: Flat Open

The yield on the benchmark 10-year government bond opened flat at 6.70%.

Source: Bloomberg

Rupee Versus Dollar Live: INR Opens Stronger

The rupee 9 paise stronger at 86.91 against US Dollar. It ended at 87.00 a dollar on Thursday

Source: Bloomberg

Stock Market Live: KEC International, Welspun Corp, Transformer & Rectifiers In Focus

These companies have announced major order wins and will be on market radar today.

Welspun Corp: The company received new orders worth Rs 2,400 crore for coated pipes supply. The consolidated order book stands at about Rs 20,000 crore.

Transformer & Rectifiers: The company received orders worth Rs 726 crore from Gujarat Energy Transmission Corp for auto transformers.

KEC International: The company bagged orders worth Rs 1,267 crore across various business verticals.

Adani Green Share Price Live: Stock Gets 'Overweight' Rating

Cantor Fitzgerald Research has initiated coverage on Adani Green Energy Ltd. with an 'overweight' rating and a target price of Rs 1,222 on the back of the company's growth plans.

Adani Green Energy is India’s largest renewable energy company, with a portfolio of 11.6 GW across solar, wind, and hybrid power plants, the brokerage noted. As India focuses on reducing carbon emissions and reaching net-zero, AGEL’s growth in the renewable energy sector makes it an attractive investment, according to the research firm.

Also Read: Adani Green Energy Gets 'Overweight' As Cantor Initiates Coverage On Growth Optimism

Tata Motors Share Price Live: Stock Gets 'Buy' Upgrade From HSBC

HSBC upgraded Tata Motors Ltd. stock from 'hold' to 'buy' rating as its valuation is reasonable after recent correction and there are positive triggers for margin expansion, according to the brokerage. However, it reduced its target price from Rs 930 to Rs 840, implying an upside potential of 28% over the previous close.

Tata Motors' share price is down 45% from its July 2024 peak, led by a 13-15% cut in earnings, analysts at HSBC said in a note.

The company's margin expansion is expected to be driven by reduced discounts and warranty costs at Jaguar Land Rover and a recovery in the domestic Small Commercial Vehicle business.

Key triggers for re-rating include JLR meeting its fourth quarter guidance and new product launches in the domestic passenger vehicle market, which should help improve market share. Following a valuation de-rating over the last two-three quarters, the current valuation now appears reasonable, HSBC said.

Also Read: Tata Motors Gets 'Buy' Upgrade From HSBC On Attractive Valuation, Margin Outlook

Rupee Vs Dollar Live: Check INR Trading Level

The rupee strengthened 20 paise on Thursday to end at 87.00. The non-deliverable forward is indicating an open around 86.95, according to India Forex And Asset Management Pvt.

It expects the INR to trade sideways in 86.80-87.05 range.

The one-year forward yield is at 2.14% and the three-month ATMF implied volatility at 3.54%.

Also Read: Rupee Closes Stronger Against Dollar On Positive Domestic Cues

Nifty Today Live: Next Support At 22,300

The NSE Nifty 50 is consistently finding support near 22,300 and selling pressure is likely to accelerate if the index falls below this level, according to analysts.

Over the past week, the index has been consolidating within the 22,300–23,700 range. It is encountering resistance near the bearish gap of 22,668–22,720, according to Hrishikesh Yedve, research analyst at Asit C Mehta Investment Interrmediates Ltd.

"As long as the index holds above 22,300, a pullback towards 22,600–22,700 remains possible. However, if Nifty breaches 22,300, the weakness could extend towards the 22,000 level," Yedve said.

Stock Market Live: F&O Cues 

The Nifty March futures were down 0.41% to 22,444.25 at a premium of 47.05 points, with the open interest up 0.60%.

The open interest distribution for the Nifty 50 March 13 expiry series indicated most activity at 22,400 call strikes, and the 22,400 put strikes had the maximum open interest.

Also Read: Your Guide To FII Positions For March 17 Trade

Stock Market Live: Shares To Exit Lock-In

  • Vishal Mega Mart 3%

  • One Mobikwik Systems 6%

  • Inventurus Knowlege Solutions 2%

  • Sai Life Sciences 4%

Also Read: Nifty In Technical Charts: Waiting For The Big Trigger

Stocks To Watch 

  • IndusInd Bank: HDFC Mutual Funds' total stake in IndusInd Bank has exceeded 5%, prompting the NSE to place IndusInd Bank shares under short-term additional surveillance measure (Stage 1).

  • Alkem Laboratories: The US FDA did not issue a form 483 following the bioresearch monitoring inspection at the bioequivalence centre in Maharashtra.

  • GR Infraprojects: The company has emerged as the bidder for an order worth Rs 4,263 crore from National Highways Authority of India.

  • Dr Reddy's Laboratories: The company has issued a nationwide recall of levetiracetam in the US because of the mislabeling of an infusion bag.

  • Tejas Networks: The company has received Rs 123 crore PLI incentive from the Department of Telecommunications.

  • Brigade Enterprises: The company has launched its premium residential project in Bengaluru. The revenue potential of the project stands at Rs 380 crore.

  • Hitachi Energy India: The company has closed its qualified institutional placement on Thursday. It has approved allocation of 21.9 lakh shares at an issue price of Rs 11,507 per share.

  • Tata Motors: The company will consider raising up to Rs 2,000 crore through non-convertible debentures on private placement basis on March 19.

  • Ceigall India: The company has received a letter of award for Rs 923 crore order from the National Highways Authority of India.

  • Centum Electronics: The company has closed its qualified institutional placement on Thursday. It has approved an issue price of Rs 1,160 per share at a discount of 4.89% to floor price.

Also Read: Buy, Sell Or Hold: Infosys, RIL, KPIT Tech, Indus Towers, Transrail Lighting — Ask Profit

Stock Market Live: GIFT Nifty Trades Higher

The GIFT Nifty was trading higher early on Monday. The futures-based contract was up 0.2% or 46 points at 22,586 as of 7:30 a.m., indicating a likely higher opening for the benchmark Nifty 50.

The benchmark equity indices ended a holiday-shortened week lower on Thursday, with the NSE Nifty 50 extending the fall for the second day and the BSE Sensex declining for the fourth straight day.

The Nifty ended 73.30 points, or 0.33% lower at 22,397.20, while the BSE Sensex closed 200.85 points, or 0.27% down at 73,828.91, after they opened in the green.

Also Read: Stock Market Today: All You Need To Know Going Into Trade On March 17

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WRITTEN BY
Shubhayan Bhattacharya
Shubhayan covers markets and business news at NDTV Profit. He has a keen in... more
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