European stocks erased their gains on Thursday as a 50-basis-point interest rate hike by the European Central Bank amid the crisis surrounding Credit Suisse and other U.S. lenders deepened investors' concerns over the region's banking sector. The STOXX 600 was down 0.1% by 1330 GMT, testing a 10-week low, after rising as much as 1.4% in early trading

The shares of SAIL will go ex-dividend a day or two days before the record date. When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment. An ex-dividend date also dictates which shareholders are eligible to receive the dividend payment

According to the shareholding data available with the exchanges, 68.16% stake is held by promoter and promoter group, while the rest lies with the public.Top mutual funds, including Nippon India, and ICICI Pru MF, own about 8.90% in the company, while foreign investors have about 7.86% stake

"After making a new record high at 236 levels in May 2022, Power Grid again started consolidation around the record high. It has witnessed a breakout from a triangle pattern of late and is set to resume the uptrend," Ajit Mishra, VP - Technical Research, Religare Broking Ltd., said.

On Thursday, the Sensex benchmark index experienced a slight increase of approximately 79 points, closing at 57,635. However, despite this mild recovery, 8 stocks from the the BSE index index reached their new 52-week lows. This technical indicator is often used by traders and investors to analyze a stock's current value and forecast its future price movement. The 52-week low represents the lowest price at which a stock has traded within the past year

However, the firm has been in financial trouble over the past 2-3 years and has been questioned for submitting its audited financial statements. Some time last year, there were also talks of a possible merger of the bank with a peer bank, but did not bear fruit

We treat FDs or real estate — which are neither liquid, transparent or relatively tax efficient — as our youngest child and hence with high leniency

The European Central Bank raised interest rates by 50 basis points, even though some investors had thought the current turmoil in financial markets would have deterred it from delivering another hefty rate hike. This sent the euro zone bank shares lower, with the index of euro zone banks falling by as much as 1.2% to its lowest since January 2. The euro's reaction to the decision was fairly muted, and was last trading 0.1% higher on the day at $1.0591.

The Board has nominated K.Krithivasan as the CEO designate with effect from 16 March. During Gopinathan's tenure as CEO, shares of TCS have more than doubled, rising over 160% in the six-year period.

As many as 13 analysts are bullish on construction firm Ashoka Buildcon with a strong ‘buy’ rating. Analysts see an upside potential of 67% on the stock from the current market prices. Ashoka Buildcon has a market cap of Rs 2,134 crore.

The Dow Jones Industrial Average fell 46.92 points at the open

The European Central Bank raised interest rates by 50 basis points on Thursday as promised, ignoring financial market chaos and calls by investors to dial back policy tightening at least until sentiment stabilizes. The ECB has been raising rates at its fastest pace on record to curb inflation, but a rout in global markets since the collapse of Silicon Valley Bank in the United States last week had threatened to upend those plans at the last moment. In line with its often-repeated guidance, the central bank for the 20

During instances of high volatility in stocks, exchanges move them to short-term or long-term additional surveillance framework

The domestic equity market on Thursday snapped the five-day losing streak as benchmark Sensex recouped its lost ground and closed 78 points higher on fag-end value buying in banking, energy and financial stocks. A positive opening in the European market boosted investor sentiments even as clouds hovered over the health of the global banking system amid Credit Suisse woes and bank failures in the US.Nifty at the close ended just shy of 17,000 level.“The larger degree lower tops and bottoms continued in the Nifty as per daily chart and Thursday's swing low of 16,850 levels could be considered as a new lower bottom of the sequence. Further, upside from here could confirm this reversal pattern and that could possibly open a sustainable upside bounce for the short term. A decisive move above the immediate hurdle of 17,200 is expected to bring a strong bounce in the market ahead. Immediate support is at 16,850 levels,” said Nagaraj Shetti, Technical Research Analyst at HDFC Securities.Here are stock recommendations for Friday

The underperformance of the company is glaring considering the successful release of Pathaan in January

The ECB call is the first by a major central bank since markets were rocked by banking crisis fears, testing the eurozone institution's resolve to implement another hefty rate hike.Investors say the ECB should reconsider its plans following the collapse of Silicon Valley Bank (SVB) and Signature, the sector's biggest failures since the 2008 global financial crisis

Fear gauge index India VIX marginally fell down by 0.60% from 16.22 to 16.21 levels. Volatility took a pause after a spike in the last week but was quoting near the highest levels of the last 26 trading sessions, thus giving the overall grip to bears in the market

A stock split is usually done to increase the liquidity of the stock in the market. On the ex-split date, investors who are holding the stock until the record date will receive the new shares in demat accounts and the stock price will be adjusted according to the split ratio

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The brokerage believes Titan will be better placed than its peers in FY24, though its growth growth will moderate from the highs of FY23

The company's shares go ex-dividend a day or two before the record date. When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment.

"We believe Zomato will eventually increase its pricing by offering higher renewal prices to existing customers (only three-month plans are on offer currently). Further, Zomato is also negotiating for higher take rates with restaurants, which can also offset any impact of Zomato Gold," Kotak Equities said

Closing Bell: Sensex snaps 5-day losing streak, ends 79 pts higher; Nifty near 17K; BPCL gains 6%, Patanjali Foods sheds 2%.

Though the SVB & Credit Suisse crises have eased, the market lacks the confidence to hold positions on contagion fears, maintains analyst

In the medium term, the impact of ONDC could be negative for Indiamart if ONDC's B2B operations gain traction. It could directly compete with IndiaMart.

One of the key strengths of Reliance is its robust cash flows that will allow it to invest large capital in growth projects when everybody else is finding it difficult to raise funds in a capital-scarce environment.

The Euro Stoxx Banks Index climbed 3.5% at 9:09 a.m. in Paris after tumbling 8.4% Wednesday, the most since March 2020, on mounting concerns over the health of Credit Suisse. The broader Stoxx 600 Banks Index rallied 3.1%. Credit-default swaps showed easing tension in debt markets.

The average target price estimate of BPCL is Rs 375.5, which shows an upside potential of 14% from the current prices. The consensus recommendation from 29 analysts for the stock is a Hold. 17 analysts have strong buy and buy ratings, while four have strong sell and sell ratings.

The stock fell as much as 31%, hitting record lows, and prices on its benchmark bonds sank to levels that indicate the Swiss lender is in deep financial stress something rarely, if ever seen at a major global bank since the throes of the 2008 crisis, the report further said.

These large cap companies have shown an improvement in their SR score at a time when bears are ruling the street. All thanks to global developments, market breadth and all other market parameters have moved back into the correction zone. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists down stocks which fulfill the various criteria as specified into the algorithms & filters.

After this equity shares were allotted pursuant to the implementation of resolution plan as approved by NCLT, the aggregate shareholding of the promoter and promoter group in PFL increased to 98.87 per cent of the total issued, paid up and subscribed equity share capital of the company.

The stock rose and breached the crucial resistance level of Rs 152 in intraday trade on 15 March 2023. If the stock manages to hold the momentum and stays above the said level bulls could push the stock higher in the short term.

Vedanta Resources said it has pre-paid all of its debt that was due for repayment till March 2023, deleveraging by $2 billion in the past 11 months. Further, it is confident of meeting its liquidity requirements for the quarter ending June 2023.

Apart from Hindustan Zinc, Axis Mutual Fund's new entrant stocks in February include Triveni Turbine (3,10,000 shares), India Cements (1,04,000 shares), and Delta Corp (6,000 shares) in its portfolio.

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The stock fell as much as 31%, hitting record lows, and prices on its benchmark bonds sank to levels that indicate the Swiss lender is in deep financial stress something rarely, if ever seen at a major global bank since the throes of the 2008 crisis, the report further said.

The consensus recommendation from 17 analysts for the stock is a buy. Out of the 17 analysts covering the stock, 13 have strong buy and buy ratings, while only two have strong sell ratings. The remaining two have hold ratings.

Foreign banks have a relatively smaller presence in India with a 6% share in total assets, 4% in loans and 5% in deposits. They are more active in the derivative markets (forex and interest rates) where they have a 50% share.

The trend in this counter is negative and investors could look to sell it on rise, Jain said. His view on the tock is over positional term. Any material upside in the stock will open only if the counter breaches over Rs 470 which is a strong support zone, Jain added.

The markets have been on a declining trend over the past five trading sessions hit by back-to-back crises in the global financial systems. It started with Silicon Valley Bank (SVB) on 9 March 2023, followed by Signature Bank and now Credit Suisse Bank.

“The green shoots in demand revival on account of a pick-up in real estate demand will add colours to the sector. Further, the current deflationary trend in raw material prices will be reflected in margins in the coming quarters,” said Antu Thomas, research analyst at

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Motilal Oswal maintained its buy rating on Tata Motors with a target price of Rs 540. JLR's luxury premium positioning was largely achieved, and the supplies are also improving gradually. The demand environment remains robust.

Shares of Adani Power, which have more than halved from 52-week high levels, also saw buying of 16,731 shares by MFs. Similarly, fund managers also bought the dip in Adani Transmission which is down over 78% from peak.

Sensex falls over 100 points, Nifty below 16,950; Hindalco sheds 3%, Tata Steel 2%; Yes Bank, Vodafone Idea are some of top movers in morning trade.

"Bad news has shifted from the US to Europe. The refusal of Credit Suisse’s largest shareholder Saudi National Bank to infuse more equity sent the stock plummeting by 30% thereby impacting the European Bank Index which sharply corrected by 8.4%. Since all banks are interconnected, fears of banking contagion are impacting markets," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

Credit Suisse sinks, fuelling USD 60 billion rout in European Banks. How will this impact India? Pankaj Poddar decodes.

India VIX marginally moved up by 0.46% from 16.22 to 16.29 levels on Wednesday. Volatility is quoting near the highest levels of the last 28 trading sessions thus giving overall grip to bears in the market, suggest experts.

The Price of this company has been sliding lower from the peak of Rs 608 formed on September 22 to the bottom of Rs 387 on February 23. Thereafter, the price consolidated and has now breached the rising trendline support and formed a new 52-week low. We consider this a sign of weakness and expect the price to slide lower from here on.

The markets are continuing in the negative mode. Despite a positive start, the headline index Nifty ended the day with almost half a percent loss. The Dollar Index spurt would adversely affect the commodities and metal stocks.