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Nifty recovers 200 points from intra-day lows; IT continues outperformance | Closing Bell
Indian equities erased all the intraday losses with Nifty back above 23,500. TCS, Infosys, HCL Tech, Tech Mahindra, Trent are among top gainers on the Nifty, while losers are NTPC, Power Grid Corp, Cipla, Dr Reddy's Labs and L&T. Among sectors IT index up 4%, while auto, metal, Consumer Durables, realty up 0.5% each. However, pharma, healthcare, power, media, energy down 0.5-1%. Nifty Midcap and Smallcap indices down marginally. Catch Lovish Darad in conversation with Market Experts.
Trade Spotlight: How should you trade ACME Solar Holdings, Thermax, Sun TV Network, NTPC Green Energy, GE Shipping, and others on March 20?
The market is expected to see consolidation with range-bound trading after the severe correction. Below are some short-term trading ideas to consider.
Closing Bell: Market dives as crude climbs; Sensex slides 829 pts, Nifty below 23,700
Biggest Nifty losers were Eicher Motors, M&M, Maruti Suzuki, Bajaj Finance, UltraTech Cement, while gainers included Coal India, Jio Financial, Adani Enterprises, NTPC, Power Grid Corp. Among sectors, Auto index slipped more than 3%, FMCG index shed 1.7% and Private Bank index declined 1.6%, while Power index gained 2.5%, Energy index rose 2%, Oil & Gas, Metal, Capital Goods rose 0.5% each. The BSE midcap index fell 0.4% and smallcap index shed 0.7%.
Taking Stock: Nifty manages to close above 23,900 amid volatility; power, metal, media shine
Hindalco Industries, Power Grid Corp, Tata Motors Passenger Vehicle, Eternal, NTPC were among major gainers on the Nifty, while losers were ONGC, ITC, HDFC Life, HDFC Bank, Wipro.
Trade Spotlight: How should you trade Chambal Fertilisers, Kirloskar Oil Engines, Vidya Wires, Usha Martin, NTPC Green Energy, and others on May 27?
The market is likely to remain in a consolidation phase as long as it trades below Tuesday's high. Below are some short-term trading ideas to consider.
Stocks to Watch Today: TCS, NTPC, Shanthi Gears, Gillette, Bharti Airtel, Shree Ram Twistex, IndiQube Spaces, Tata Elxsi in focus on 20 March
Stocks to Watch, 20 March: Stocks like Shree Ram Twistex, Tata Consultancy Services, IndiQube Spaces, NTPC, Samvardhana Motherson International, Shanthi Gears, JSW Cement, Archean Chemical Industries, Tata Elxsi, Nestle India, and Gillette India will be in focus on March 20.
L&T stock slips 2% today despite NTPC order win, bullish CLSA note; tender seen supporting FY27 inflows
According to CLSA, the NTPC order would add around 6 percent to L&T's FY27 inflows and help cushion the impact of weaker order momentum from the Middle East.