KEY HIGHLIGHTS
US Futures Rise Before Jobs Data; US Fed Chair Powell's Speech In focus
As of 3:26 p.m., the Dow Jones Industrial Average and S&P 500 futures were trading 0.24% and 0.41% higher, respectively. The Nasdaq 100 future was 0.56% higher.
Economic Data Releases And Events For March 7
US: Non-farm payroll — 7:00 p.m.
US: Unemployment rate — 7:00 p.m.
US: Federal Reserve Governor Michelle Bowman will speak at a panel discussion at the University of Chicago Booth School of Business US Monetary Policy Forum — 8:45 p.m.
US: Federal Reserve Bank of New York President John Williams will speak at at the University of Chicago Booth School of Business US Monetary Policy Forum — 9:15 p.m.
US: Federal Reserve Governor Adriana Kugler will speak at the Bank of Portugal’s Conference on Monetary Policy Transmission and the Labor Market, in Lisbon — 10:50 p.m.
US: Federal Reserve Chair Jerome Powell will speak at the University of Chicago Booth School of Business US Monetary Policy Forum — 11:00 p.m.
Market At Close: Nifty, Sensex Snap Two-Day Gaining Streak
The NSE Nifty 50 and BSE Sensex snapped two-day gaining streak on Friday.
The Nifty 50 ended 0.03% higher, while Sensex ended 0.01% down.
The benchmark indices snapped a three-week losing streak.
The NSE Nifty Midcap 150 ended 0.27% down at 18,290.60.
The NSE Smallcap 250 ended 0.69% higher at 14,602.45.
FMCG Distributors Drag Zomato, Swiggy, Zepto Before Competition Watchdog
An FMCG distributors' body had filed a petition before Competition Commission of India, alleging anti-competitive practices by against quick commerce players Zomato-owned Blinkit, Swiggy and Zepto, people in the know told NDTV Profit. Read the full article here.
Stock Market Live Updates: MS India Strategy
An Oversold Equity Market
India's fundamentals appear to be improving after a soft patch whereas share prices are materially lower
Save for negative global developments, this could be a turning point for stocks for the rest of 2025
Expect India to recover lost ground to EMs during 2025
The equity market continues to overlook good news
Cyclicals > Defensives, SMID > Large caps
Overweight Financials, Consumer Discretionary, Industrials & Technology and Underweight other sectors
This is likely to be a stock pickers' market, in contrast to one driven by top-down or macro factors since the Covid pandemic
AU Small Finance Bank To Raise Rs 1,500 Crore
AU Small Finance Bank Ltd. will raise Rs 1,500 crore via bonds, the exchange filing said.
Stock Market Live: Nestle India Gets Warning For Violating Insider-Trading Norms
Nestle India has received a warning letter from the Securities and Exchange Board of India (SEBI) for violating insider-trading norms.
Stock Market Live: RIL Gets Upgrades As Analysts See 'Favourable Catalysts'
Shares of Mukesh Ambani-led conglomerate Reliance Industries Ltd. rose after receiving multiple rating upgrades and target price hikes, as analysts see no threats to macro going ahead.
Despite steady quarterly results, the stock was still affected by weak market conditions, accentuated by trade war threats, Emkay said in a note. The brokerage maintained 'buy' on the stock, while raising the target to Rs 1,450 per share, from Rs 1,210 earlier.
Macquarie upgraded the stock to 'outperform' from 'neutral' and raised the target price to Rs 1,500 apiece from Rs 1,300. The upgrade reflects a series of incremental positives expected over the next six to 12 months, it said.
Stock Market Live: BSE To Mull Action on NSE's Expiry Shift After Hearing 'Market Voices'
Asia's oldest stock exchange will listen to feedback from market participants before reacting to a recent change in derivatives expiry day by its only domestic peer, said BSE Managing Director and Chief Executive Officer, Sundararaman Ramamurthy.
He emphasised that BSE’s approach has always been driven by what traders and investors demand. “Our stand has always been, ‘we do what the market participants want.’ Whatever is the voice of the customer, that is what we implement,” he told NDTV Profit in an exclusive interview.
The BSE chief executive added that no decision would be made unilaterally. “Any change in expiry dates will depend on what the market voice is. Once we are able to understand what the market advises, we will act accordingly.”
Stock Market Live: Supreme Court Refuses To Stop Dharavi Project
India's top count refuses to stay the decision of Bombay High Court
The Supreme Court agreed to the argument of Adani Group that work has started on the Dharavi project
The Supreme Court heard an appeal against the order of the Bombay High Court, in which the petition filed by the Sectalink Technologies Corporation was dismissed.
The petition challenged the decision of the state government to give the Dharavi redevelopment project to Adani Property Limited.
Source: NDTV
Stock Market Live: Jana SFB granted AD-I Licence by RBI
Jana SFB given Authorized Dealer Category-I (AD-I) to deal in foreign exchange
Licence enables Jana to offer foreign exchange facilities to non-resident Indians (NRIs) and ease their banking transactions
Licence granted by the RBI allows them to buy and sell foreign exchange
Among the top 4 SFBs, Jana was the only one who was lacking the same
AU and Equitas secured AD-1 license in Apr’23, while Ujjivan secured this in Oct’24
A step towards transitioning to a Universal Bank over medium term
Expiry Day Change Depend On Market Participants' Feedback, Says BSE MD
Change in expiry day will depend on what the market participants tell us in terms of feedback. Volumes are an outcome, BSE Ltd. provides products on the basis of what the market needs, said Sundararaman Ramamurthy, managing director BSE.
Markets going up and down is part of market behaviour. An investor should be very clear and conscious on what he is investing in. Stay invested for a longer time in a good mutual fund, said Ramamurthy.
DLF Gets 'Buy' Upgrade From Jefferies On Strong Cash Flow, Project Success
Jefferies has upgraded DLF to a 'buy' rating, highlighting the company’s strong cash flow and successful project launches as key drivers of its recent performance.
Stock Market Live Update: Indian Overseas Bank To Consider Fundraise
Indian Overseas Bank will consider fundraising through bonds on March 19.
Zee Shares Rise As Nuvama Sees Nearly 90% Upside After Promoter Raises Stake
Shares of Zee Entertainment rose on Friday after brokerage house Nuvama maintained a 'buy' rating with a target price of Rs 185, which indicates nearly 90% upside from the stock's current market price.
Stock Market Today: Suzlon Energy Share Price Rises Over 5%
Suzlon Energy share price rose 5.66% to Rs 55.05 apiece. It was trading 5.09% higher at Rs 54.75 apiece as of 10:36 a.m., as compared to 0.21% advance in the NSE Nifty 50 index.
Stock Market Live: Hexaware Technologies Share Price Falls Despite Reporting Profit
Hexaware Technologies Ltd. share price fell as much 4.71% to Rs 780.7 apiece. It was trading 4.50% down at Rs 782.40 apiece as of 10:28 a.m.
Hexware Technologies Q4 CY24 Highlights (Cons, QoQ)
Revenue rose 0.6% to Rs 3,154 crore vs Rs 3,136 crore
EBIT fell 0.8% to Rs 414 crore versus Rs 417 crore
EBIT margin fell 20 basis points to 13.1% Vs 13.3%
Net Profit rose 5.4% to Rs 319 crore versus Rs 303 crore
Stock Market Today: SBI Life Insurance Rises
SBI Life Insurance Co. share price rose 1.75% to Rs 1,446.20 apiece. It was trading 0.82% higher at Rs 1,432.95 apiece as of 9:55 a.m.
Stock Market Live Update: Jana Small Finance Bank Gets Approval To Deal In Foreign Exchange
Jana Small Finance Bank has received approval from the Reserve Bank of India to obtain an Authorized Dealer Category-I licence, enabling it to deal in foreign exchange.
Biggest Small Cap Market Gainers In Early Trade
Blue Star gains Rs 1,000 crore
Kalpataru Projects gains over Rs 800 crore after multiple order wins
Brigade Enterprises gains Rs 600 crore on new project launch
Hindustan Copper gains over Rs 600 crore as copper prices see continued uptick
Amber Enterprises gains Rs 400 crore
Quess Corp gains Rs 300 crore after receiving NCLT nod for 3 way demerger
Stock Market Live Updates: Nifty, Sensex Reverse Two-Day Gaining Streak At Pre-Open
The NSE Nifty 50 and BSE Sensex reversed two-day gaining streak Friday tracking losses in Infosys Ltd., ICICI Bank Ltd., and HDFC Bank Ltd. As of 9:23 a.m., the Nifty 50 30.70 points or 0.14% down at 22,514.00, and the Sensex was trading 187.94 points or 0.25% down at 74,152.16.
"After a negative opening, Nifty can find support at 22,500 followed by 22,400 and 22,300. On the higher side, 22,600 can be an immediate resistance, followed by 22,700 and 22,800," said Hardik Matalia, derivative analyst, Choice Broking.
"The Reserve Bank of India has also announced a Rs 1 lakh crore liquidity infusion into the banking system, which may have a positive impact on PSU banks. Additionally, metal stocks may maintain their upward momentum, supported by expectations of further stimulus from China," Vikas Jain, head, research, Reliance Securities.
Infosys Ltd., ICICI Bank Ltd., HDFC Bank Ltd., Tata Consultancy Services Ltd., and HCLTech Ltd. weighed on the Nifty 50 index.
Reliance Industries Ltd., Larsen & Toubro Ltd., Axis Bank Ltd., Bharat Heavy Electricals Ltd. and HDFC Life Insurance Co. added to the Nifty 50 index.
On NSE, eight sectors opened higher, two lower, and two flat out of 12. The NSE Nifty Realty rose the most, and the NSE Nifty IT declined the most.
The BSE Midcap was 0.03% higher, while the BSE Smallcap was 0.59% higher as of 9:31 a.m.
On BSE, 12 sectors advanced, while nine sectors declined out of 21. The BSE Industrials rose the most, while the BSE IT declined the most.
Market breadth was skewed in favour of buyers. Around 2,212 stocks rose, 821 stocks declined, and 107 stocks remained flat.
Stock Market Live Today: Nifty, Sensex Mixed At Pre-Open
At pre-open, the NSE Nifty 50 was trading 0.16% down at 22,508.65, and the BSE Sensex was 0.06% higher at 74,382.14.
Yield On The 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.68%. It closed at 6.68% on Thursday, according to data on Bloomberg.
Rupee Opens Flat Against US Dollar
Rupee opened flat at 87.11 against the US dollar. It closed at 87.11 on Thursday, according to data on Bloomberg.
Stock Market Update: Nuvama On Zee Entertainment
Context: Zee Entertainment Enterprises Ltd.'s promoters have bought 2.7 million shares worth Rs 27 crore via open market. Promoter’s stake has moved to 4.28% vs 3.99% earlier.
Maintain Buy at Rs 185 target, which implied a 89% upside
Quantum of promoter share acquisition seen as positive
Promoter buying belief in long-term prospects & growth potential
Promoter buying to boost confidence of minority investors
Stock currently trading at attractive valuations
Current P/E at 10x versus one year avg of 14x
Stock Market Live: Ambit On Can Fin Homes
Upgrade to buy with a target price Rs 710, which implied a 17% upside.
Growth has fallen from 23% to 9/11% in FY24/9mFY25 due to one-off events
Property documentation digitisation drive hit registrations in Karnataka (34% of the business)
Consistent miss on growth has de-rated the stock
Issues are temporary and competitive advantages being overlooked
Loan growth should recover to 11/14% YoY in FY26/27E
Growth improvement and diversification could improve ROE to 17%
Valuations are attractive due to overestimation of growth impact
Valued at 1.2xFY27E PBV
Stock Market Live: Inox Wind Energy Secures Order For Wind Turbines In Tamil Nadu
Inox Wind Energy Ltd. has secured an order for 153 MW wind turbines for a project located in Tamil Nadu.
Asia Market Update: Markets Trade Losses
Markets in Asia-Pacific were trading in losses tracking overnight losses on Wall Street as traders pull their money out of risky assets amid uncertainty over tariff.
The Nikkei 225 and KOSPI were trading 1.87% and 0.33%, down respectively. The CSI 300 was 0.16% down at 3,950.44 as of 8:12 a.m.
US Market Update: Share Indices Fall On Uncertainty Over Tariff Outlook
US share indices ended lower on Thursday as uncertainty over tariff outlook continued to weigh on investors' sentiment. On Thursday, the Dow Jones Industrial Average and S&P 500 ended 0.99% and 1.78% lower, respectively. The Nasdaq Composite declined 2.61%.
Stock Market Live: GIFT Nifty Above 22,500; Bajaj Finserv, DMart, NMDC, RVNL Share Prices In Focus
The GIFT Nifty was trading above 22,500 in early trade on Friday. Bajaj Finserv Ltd., Avenue Supermarts Ltd., NMDC Ltd., and Rail Vikas Nigam Ltd. share prices may move due to news flow overnight.
The GIFT Nifty was trading 0.12% or 28 points higher at 22,555.50 as of 6:58 a.m.
The benchmark indices ended in green for the second straight session on Thursday. The NSE Nifty 50 rose to hit the 22,500-mark again after five sessions, whereas the BSE Sensex reclaimed the 74,000-mark.
The Nifty 50 ended 207.4 points, or 0.93% higher at 22,544.7, while the Sensex closed 609.8 points or 0.83% up at 74,340.09.
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