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Stocks to watch: HDFC Bank, Wipro, RVNL among 10 shares in focus today - Mint
Stocks to watch: HDFC Bank, Wipro, RVNL among 10 shares in focus todayMint
Stocks in news: HDFC Bank, NTPC, Adani Ports, ICICI Bank, SBI, Nestle India
Indian markets experienced a significant downturn on Thursday. This sell-off erased recent gains, driven by global concerns and geopolitical issues. Several major companies like HDFC Bank, ICICI Bank, and NTPC are in focus today due to specific news. Investors are watching these developments closely as the market navigates current challenges.
Sohum Asset CIO backs HDFC Bank, calls recent concerns temporary, sees valuation opportunity
Sohum Asset Managers’ CIO Sanjay Parekh said investor caution stems from uncertainty despite regulatory reassurance and management clarity. He highlighted strong long-term fundamentals, stable growth outlook, and improving merger-related metrics. Parekh expects sentiment to normalise soon, with institutional investors likely to stay steady. He maintains a positive stance and continues to hold and add to the stock at current levels. Disclaimer: The views and tips expressed by investment experts on CNBCTV18.com are their own, not of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Five worst performing stocks in the market since the Iran-US war began
Companies including Larsen & Toubro, HDFC Bank, ICICI Bank, Ashok Leyland and Sapphire Foods India have seen major declines in March, eroding billions in market capitalisation and putting them among the key laggards in the market.
Stock market crash: HDFC Bank, IRCTC, TCS, RVNL, HUL among 296 stocks that hit 52-week low as NIFTY50 trade below 23,700 - Upstox
Stock market crash: HDFC Bank, IRCTC, TCS, RVNL, HUL among 296 stocks that hit 52-week low as NIFTY50 trade below 23,700Upstox
Top Gainers & Losers on Mar 09: PG Electroplast, HPCL, RVNL, Meesho, Paras Defence, Bank of India among top losers
The escalating US-Iran war is driving the Indian stock market down, with the Nifty 50 and Sensex reaching 10-month lows. Rising crude oil prices and a weakening domestic currency contribute to a decline in investor confidence amid regional chaos.
Watch | Rahul Sharma's make-or-break level for the Nifty is still 1,000 points away
JM Financial’s Rahul Sharma said the Nifty remains in a narrow market phase where a limited number of stocks are supporting the index, similar to the trend seen in 2017–18. He said the index has immediate support at 24,000, while 23,500 is the key “make-or-break” level for the current market structure. Sharma believes any correction could offer buying opportunities in quality stocks, highlighting public sector banks, PSUs and select large-cap names such as Larsen & Toubro, State Bank of India and Titan.
Indices slide sharply amid Iran war jitters and crude price spike
The domestic equity benchmarks ended sharply lower on Wednesday as investors turned risk-averse amid escalating geopolitical tensions and a sharp surge in crude oil prices. The ongoing conflict involving the United States, Israel and Iran unsettled global markets, while the reported closure of the Strait of Hormuz pushed oil prices higher, raising concerns over inflation and energy costs. Sentiment was further dented by heavy selling from foreign institutional investors and the rupee slipping to a record low. Against this backdrop, the Nifty closed below the 24,500 mark. Barring the Nifty IT index, all other sectoral indices on the NSE ended in the red, with metal, PSU bank and oil & gas stocks leading the decline.
Watch | Sanjay Parekh on where he sees value in banks, IT, cement and telecom stocks
Sohum Asset Managers’ Founder & CIO, Sanjay Parekh, says markets look sluggish despite improving macro conditions, with Q3 Nifty earnings near 8–9%. He sees recovery in CVs (Ashok Leyland), credit growth at ICICI Bank and gradual picka a up in cement and steel. Portfolio stays domestic-focused: overweight telecom, NBFCs, industrials, cement, utilities, ports and logistics; underweight oil & gas and banks, zero FMCG. Watching IT names like Infosys and TCS, mid-cap tech (Persistent, Coforge, Mastek), defence HAL, quick commerce Zomato and Swiggy, and capital goods L&T, JSW Energy.
Nifty PSU Bank index soars 2%, hits new high; PNB, Canara, UBI shares up 3%
Thus far in the current week, the PSU Bank index has rallied 5.7 per cent, as against 0.74 per cent gain in the Nifty 50.
Stocks to Watch Today: HDFC Bank, Granules, J Kumar Infra, GR Infra, Adani Power, JK Lakshmi Cement, Vikran Engg, Prestige Estates, Bajaj Auto in focus on 06 April
Stocks to Watch, 6 Apr: Stocks like HDFC Bank, Bajaj Finance, Axis Bank, Ujjivan Small Finance Bank, IndusInd Bank, Senco Gold, Dabur India, Sobha, Avenue Supermarts, Metropolis Healthcare, Tata Motors Passenger Vehicles, Bajaj Auto, MOIL, LG Electronics India, Emami, and Granules India will be in focus on April 6.
Sensex Today | Stock Market Live: Sensex jumps over 900 pts, Nifty climbs above 23,300; PSU banks, metal, IT stocks lead rebound
Sensex Today | Stock Market LIVE Updates: Indian benchmark indices bounced back on March 20 with Nifty50 index reclaiming 23300 amid falling crude oil prices on hopes of de-escalation in the Middle East. All the sectoral indices are trading in the green with metal, power, PSU Bank, IT indices jumped 2-3%. Nifty Midcap and Nifty Smallcap indices rose 1-2% each.