Indian equity indices nosedived on tech sector concerns ahead of the U.S. Fed's rate decision. Sensex plunged 736 points to 72,012, Nifty dropped 238 points to 21,817. Global shares dipped on Tuesday while the yen slid after the Bank of Japan met market expectations and ended eight years of negative interest rates.

Midcap auto ancillary stock Uno Minda has received a rating upgrade from Kotak Institutional Equities along with two smallcap counters CIE Automotive and Varroc Engineering as the risk-to-reward ratio turns favourable according to the brokerage.

TCS is the biggest cash cow for Tata Sons as most its revenue comes from dividend given by the software services exporter. The N Chandrasekaran-led holding company's decision to sell a small stake in TCS could be a confluence of various factors including the need to pare debt, avoid IPO and fund the ambitious growth plans of the Tatas in industries like semiconductors.

Now that sensex has turned negative for 2024, focus will shift on how the returns. The narrative will focus on how returns and how the valuations are expensive. Yes, there is no doubt that valuations are expensive, they were even higher a month back, when everyone was saying cheers to mid-cap. At this point of time the question whether “ I should sell or buy more” needs to be replaced by “what business do I own and whether that business is going to grow or not” The reason why it is important to change the question itself is the fact that it business on the ground which will make the difference between in final returns. If by next month, markets are rallying once again, then all this talk about valuation will go away in thin air.

Indian equity indices nosedived on tech sector concerns ahead of the U.S. Fed's rate decision. Sensex plunged 736 points to 72,012, Nifty dropped 238 points to 21,817. Global shares dipped on Tuesday while the yen slid after the Bank of Japan met market expectations and ended eight years of negative interest rates.

When markets are correcting, one thing that gets ignored is the macro trend. Trends which will have a long-term positive impact on the bottomline of the companies of that sector. In the last few years, both due to policy push and changes in the underlying economic nature of the business, more money is being spent on increasing agricultural productivity. While there are many parts to that increase in productivity, right from fertilizer to agricultural equipment, the other element in that chain is the irrigation system or water supply system for crops. Right from solar power water pumps to micro irrigation. This sector has a number of players who are unorganized, that is probably the reason why listed players in this space were not able to capture the whole growth which has taken place in this sector. But that does not take away the fact that this is one part of the rural economy where the spending trends are clearly rising.

​State-owned REC's board on Tuesday approved a third interim dividend of Rs 4.5 per share with face value of Rs 10 each for 2023-24. Earlier, the company has already announced two interim dividends, totalling Rs 6.5 per share for the current fiscal.

Despite a tepid debut, analysts are positive about the company's prospects in the medium- to long-term horizon, betting on the strong demand growth for the automobile industry.

In the worst-case scenario, Nifty could test 16,000-15,500 levels, a 6,523 points or 30% fall. In this case, the timewise correction can last for a maximum of 6-7 quarters. The brokerage house sees signs of exhaustion noting that the markets remain 'highly overbought' on a long-term time frame.

India Inc earnings have seen substantial growth in the past two years driven by capital investments in various sectors. Analysts project a continued growth capex leading to a peak corporate profit cycle with smallcaps playing a crucial role, despite concerns about a potential valuation bubble in the market.

European stock markets steadied at the open Tuesday before a US Federal Reserve meeting and after the Bank of Japan hiked interest rates for the first time since 2007.

The apex court summoned the duo after Patanjali Ayurved failed to file a reply to a contempt notice issued to the company. The case is related to alleged misleading advertisements published by the company for its traditional ayurvedic medicines which claim to cure certain diseases.

US prosecutors are investigating potential bribery by the Adani Group for energy projects, but JP Morgan believes corruption is unlikely due to transparency in Indian tenders. Adani Group denies the investigations, while stock prices remain impacted.

The projects will be implemented by a separate entity(ies) incorporated/to be incorporated by Stockwell Solar Services Private Limited and HG Infra Engineering directly or through its subsidiaries.

The bonus shares after their allotment will rank pari-passu in all respects and carry the same rights as the existing equity shares, the company said in its filing to the exchanges.

Indian equity indices plummeted with Sensex tanking over 600 points, Nifty below 21,900. BSE market cap dropped Rs 3.71 lakh crore. IT stocks weakened, FIIs sold, and oil prices edged down. Nifty's support level at 21,915 breached.

A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment. Short buildup means more people are expecting the prices to go down and creating short positions. In Monday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:

Short-to-medium-term traders can look to buy the stock or on marginal dips for a possible target of Rs 4900 in the next 4-5 months, suggest experts.

Shares of Hindustan Petroleum Corporation (HPCL), Indian Oil Corporation (IOC), and Bharat Petroleum Corporation (BPCL) have fallen 11%, 9%, and 6% respectively since March 15, the day when the rate cut came into effect.

Indian equity indices plummeted with Sensex tanking over 600 points, Nifty below 21,900. BSE market cap dropped Rs 3.71 lakh crore. IT stocks weakened, FIIs sold, and oil prices edged down. Nifty's support level at 21,915 breached.

A long buildup is when there is a rise in open interest and volumes along with an increase in the price of the underlying stock in the Futures and Options segment. The long buildup is the occurrence of a long (buying) trend in the share market. In Tuesday's trading session, five stocks witnessed a build of fresh long positions. Here's the list:

Nifty traded with small losses and saw a pullback that put it in the positive territory.

Indian equity indices open lower with TCS, Reliance Industries, Infosys leading the decline. Experts share insights on market trends. Global market movements and oil prices influence trading.

Nomura neutral on HDFC Bank at Rs 1625 target price. Kotak Mahindra Bank raises InterGlobe Aviation's target to Rs 4200. UBS maintains Infosys buy at Rs 1800. Jefferies bullish on Piramal Pharma.

The Bank of Japan ends 8 years of negative interest rates, making a historic shift with the first rate hike in 17 years. This move keeps rates around zero due to a fragile economic recovery.

The central bank ended its negative short-term interest rate policy (NIRP) and yield curve controls (YCC), as well as dropping purchases of risky assets, including exchange-traded funds (ETFs).

Royal Sense IPO on BSE SME platform debuted with a 90% premium, raising Rs 10 crore. The company supplies high-quality goods for health services in the Indian market, focusing on surgical accessories and laboratory equipment.

Signoria Creation's shares debuted on NSE SME platform with a 101.54% premium. The IPO, a fresh equity issue of 14.28 lakh shares, received overwhelming response. Proceeds will be used for corporate purposes with a focus on women's apparel market growth.

The company is focusing on category development through relevant product launches and simplification of businesses to drive consistency in its performance and improve the earnings growth trajectory, going ahead.

Popular Vehicles IPO debuted with discounts on NSE and BSE. The company's revenue segments include passenger, commercial vehicles, and electric vehicles. It closed on March 14 with a P/E of 28.9x based on FY23 earnings.

Godrej Consumer is focusing on category development through relevant product launches and simplification of businesses to drive consistency in performance and improve earnings growth trajectory. This will aid the company to post 11% revenue CAGR over FY23-26, says Kruttika Mishra of Sharekhan by BNP Paribas.

SBI Mutual Fund was sitting at a war chest of Rs 25,100 crore and ICICI Prudential AMC Rs 21,700 crore. HDFC Mutual Fund's cash pile of nearly Rs 19,000 crore is about 6.8% of its AUM, shows data pulled from ACE Equity.

Inflation data released last week showed that consumer prices in the US rose again in February. Consumer prices rose 0.4% for the month and 3.2% from a year ago, and this was higher than market expectations.

The deal is reported to be worth around Rs 9,000 crore at an average share price of Rs 4,043 per share.

Joining TCS in the list of Sensex losers were Wipro, Nestle India, Bajaj Finserv, Asian Paints, and Tata Motors. Conversely, Bajaj Finance, Tata Steel, Sun Pharma, ITC, and ICICI Bank opened with gains amidst the early trading session.

BOJ ends negative rate policy with first hike since 2007. Inflation above 2% target leads to anticipated exit from ultra-loose policy in March or April.

BYD, which overtook Tesla last year as the world's No. 1 electric vehicle manufacturer, will use Nvidia's next generation of in-vehicle chips, called Drive Thor, to enable increased levels of autonomous driving and other digital functions, Nvidia said.

Many semiconductor-related shares had outsized losses, after Nvidia's annual developer conference failed to provide fresh momentum for the global artificial intelligence-centred chip stock rally.

Wall Street's main indexes closed higher on Monday, with megacap growth stocks such as Alphabet and Tesla supporting a rebound in technology-heavy Nasdaq while investors also waited anxiously for the U.S. Federal Reserve's meeting this week.

In a week filled with central bank meetings across the globe, the BOJ takes the spotlight on the day with all signs pointing to the central bank shifting away from its ultra easy monetary policy.

Foreign portfolio investors were net sellers at Rs 2,051 crore on Monday. Domestic institutional investors bought shares worth Rs 2260 crore.

As of December 31, 2023, Tata Sons held a 72.38% stake in TCS. The stock slid 1.75% to ₹4,144.75 on the BSE Monday. TCS has a market capitalisation just north of ₹15 lakh crore - nearly half the total market value of all the Tata Group listed companies at ₹31.09 lakh crore.

"We are seeing noticeable resilience in the IT pack amid the prevailing choppiness. Infosys is now catching up with the other performers viz. HCL Technologies and TCS. Traders can buy for a target of Rs 1820 in the next 1-2 months," Ajit Mishra, SVP - Technical Research, Religare Broking Ltd., said.

A Rs 2 cut in prices of petrol and diesel per liter on March 15 is likely to reduce gross marketing margins by Rs 1.8-1.9 per litre or 30-45% from the current levels. Before the price cut, the per litre marketing margin was Rs 6.1 on petrol and Rs 3.5 on diesel on the spot basis and it was Rs 9.0 and Rs 2.6 in that order on quarter-to-date basis.

Liberty Oil Mills, a cooking oil company, has been engaged in refining and trading edible oils, along with manufacturing clarified butter, vegetable oils, fats, and bakery products. With an annual capacity exceeding 650,000 metric tons and six processing facilities with a strong presence in Western India, according to an India Ratings report.

As of now, the GMR Group has not finalised the date for the bond issue. It is in the preliminary stages of discussions with bankers, including HSBC and JP Morgan.

Shriram Finance raised the funds by securitising part of its loan portfolio and then selling it to international investors, with the investors spread across Asia, sources aware of the developments said to ET.

Arvind Kapil is currently the group head mortgage banking business at the bank which includes home loans, loans against property (LAP) and the sales business of the erstwhile Housing Development Finance Corp (HDFC) which was merged with the bank last year.

DBS Bank is considering several startups including in healthcare, technology, and firms using Artificial intelligence (AI) in financial services such as insurance; transportation, logistics and retail, waste management companies and supply chain logistics spaces, Verma said.

The Biyani offer comes just days after creditors had approved a Rs 475-crore bid from Runwal Group for the asset through an auction process, multiple people familiar with the development said.