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.

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.

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%.

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.

Stock Market Live: Shares To Exit Lock-In

  • Vishal Mega Mart 3%

  • One Mobikwik Systems 6%

  • Inventurus Knowlege Solutions 2%

  • Sai Life Sciences 4%

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.

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.

. Read more on Markets by NDTV Profit.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.  Read MoreMarkets, Business, Notifications 

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