<div style="float: left;">
		<img align="" alt="stock market, markets, trading, nse, bse, sensex, nifty, rally, coronavirus, covid, lockdown, investors, investment" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-03/17/full/1615921410-2433.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="stock market, markets, trading, nse, bse, sensex, nifty, rally, coronavirus, covid, lockdown, investors, investment" width="620">
		<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px;">
		Illustration by Binay Sinha</div></div>

CLOSING BELL: The broader indices also outperformed, BSE Midcap and Smallcap indices were down up to 0.2 per cent as against the 0.8 per cent decline on the BSE benchmark.

stock market, markets, trading, nse, bse, sensex, nifty, rally, coronavirus, covid, lockdown, investors, investment

<div>
	<div>
		<strong>Stock Market Highlights: </strong>Domestic markets succumbed to selling pressure on Thursday amid global growth worries and fears of sustained FII outflows. IT, banks and auto stocks were the major draggers. The BSE Sensex shed 502 points to 58,909, while the NSE Nifty ended 129 points lower at 17,322.</div>
	<br />
	<div>
		Adani Group shares bucked the trend and ended with smart gains even as the Supreme Court directed SEBI to probe into the allegations of share manipulation,&nbsp;violations of the Securities Act, and failure to disclose related party transactions. The apex court has asked the market regulator to submit its report in two months. <a href="https://www.business-standard.com/article/current-affairs/adani-hindenburg-case-supreme-court-sets-up-expert-committee-for-probe-123030200329_1.html" target="_blank">READ MORE</a></div>
	<br />
	<div>
		Among the Group stocks, shares of the flagship firm Adani Enterprises ended over 2.5 per cent higher, having gained as much as 17 per cent in intra-day deals.&nbsp; Adani Power, Adani Green, Adani Transmission, Adani Wilmar and NDTV were locked at the 5 per cent upper limit. ACC, Ambuja Cements, Adani Ports and Adani Total Gas added 2 - 4 per cent each.</div>
	<br />
	<div>
		Meanwhile, among the Sensex 30 shares, Maruti and Axis Bank slipped around 2.5 per cent each. With Axis Bank completing the Citibank India business merger, analysts Axis Bank to see merger synergies playing out only by the second half of financial year 2024-25 (H2FY25). <a href="https://www.business-standard.com/article/markets/axis-bank-citi-deal-synergies-seen-fy25-onwards-on-deposit-aum-attrition-123030200505_1.html" target="_blank">READ MORE</a></div>
	<br />
	<div>
		TCS, Infosys, Mahindra & Mahindra, Nestle, Tech Mahindra and Bharti Airtel were the other major Sensex losers. On the positive front, Sun Pharma and PowerGrid Corporation were the notable gainers.</div>
	<br />
	<div>
		Despite holding ground for the major part of the trading day, broader indices ended with nominal losses on Thursday. The BSE Midcap index was down 0.1 per cent, while the Smallcap index declined 0.2 per cent.</div>
	<br />
	<div>
		Sectorally, the BSE IT index dropped 1.2 per cent. The Bankex and Auto index were down 0.9 per cent each. The Realty index, however, soared 2 per cent, primarirly on account of a 19 per cent rally in Macrotech Developers (Lodha). Analysts expect the realty player to benefit from resilient housing demand, supply consolidation and peaking out of high interest rates. <a href="https://www.business-standard.com/article/markets/macrotech-developers-extends-gain-in-weak-market-rallies-26-in-4-days-123030200371_1.html" target="_blank">READ MORE</a></div>
	<br />
	<div>
		Among other stocks, Sonata Software hit a record high, and so far has rallied 41 per cent this year. Ramco Systems surged over 6 per cent in today&rsquo;s trade after the company informed BSE, that Etihad Airways Engineering has partnered with it to implement its Aviation Suite V5.9.</div>
	<br />
	<div>
		Rail Vikas Nigam (RVNL) zoomed over 12 per cent after its A joint venture with Russian firm Transmashholding (TMH) emerged as the lowest bidder for the manufacture and maintenance of 200 lightweight Vande Bharat trains. <a href="https://www.business-standard.com/article/markets/rvnl-surges-10-as-jv-emerges-lowest-bidder-for-200-vande-bharat-trains-123030200202_1.html?1677730628" target="_blank">READ MORE</a></div>
	<br />
	<div>
		<strong>Primary Market Update</strong></div>
	<br />
	<div>
		Divgi TorqTransfer Systems IPO was subscription up to 32 per cent as of 03:50 PM on Day 2 of the offer period. The retail quota was fully subscribed (1.3 times). The IPO closes tomorrow.</div>
</div>
<br />

Sensex sheds 502 pts, Nifty holds 17,300; Adani group stocks rise up to 5%

Business Standard

Sensex sheds 502 pts, Nifty holds 17,300; Adani group stocks rise up to 5% | News on Markets - Business Standard

SGX Nifty suggests a negative start to trade

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16777255435161.png

Asia-Pacific markets mixed: Hang Seng, Nikkei 225 drop up to 0.5%

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16777254585514.png

Dow Jones manages to close in green on Wednesday

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16777252278159.png

Good morning readers! Catch all live market updates here with Business Standard

Catch all live market updates here with Business Standard

Currency check :: Rupee ends higher at 82.59/$ against Wednesday’s close of 82.50/$

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16777532036425.png

IPO Update :: Divgi Torq's issue subscribed 32% on day 2, retail quota oversubscribed

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16777530280585.png

Adani Group stocks rally up to 5%; SC directs Sebi to probe Adani

The Supreme Court (SC) on Thursday has directed the market regulator SEBI to carry out a detailed probe and submit its findings in two months. The apex court has constituted a expert committee for the probe, which shall be headed by retired judge Justice Sapre. The other committee members are OP Bhatt, KV Kamath, Nandan Nilekani, Somsekhar Sundaresan. <a href="https://www.business-standard.com/article/companies/adani-hindenburg-row-sc-forms-5-member-committee-headed-by-retired-judge-123030200468_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<br />

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16777520580868.png

Broader markets :: Mid, smallcap indices end lower but outshine benchmarks

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16777517407316.png

Sectoral trends :: All but Realty indices fall in trade

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16777516239368.png

Sensex Heatmap :: 25 of 30 index constituents end in red; Maruti, Axis top drags

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16777515278587.png

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16777514326006.png

CLOSING BELL :: Sensex ends near day's low

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16777513736087.png

Stock of this SME company has zoomed over 100% in one month

Shares of Taylormade Renewables hit a new high of Rs 163.50 today and have zoomed nearly 900 per cent in the past six months. <a href="https://www.business-standard.com/article/markets/stock-of-this-sme-company-has-zoomed-over-100-in-one-month-123030200676_1.html?1677749648" target="_blank"><strong>READ MORE</strong></a><br />
<br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Stock market rally, bull trading, Sensex, nifty" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-03/04/full/1614804310-798.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Stock market rally, bull trading, Sensex, nifty" width="620" /></div>
<br />

Lumax Auto extends fall to 3rd day, slips 5% despite issuing clarification

The company said it has received information that certain entities are circulating unsolicited / unauthorised SMS / Whatsapp messages regarding the shares / securities of the Company. <a href="https://www.business-standard.com/article/markets/lumax-auto-down-for-third-straight-day-falls-5-despite-of-clarification-123030200583_1.html?1677745223" target="_blank"><strong>READ MORE</strong></a><br />
<br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="automobile" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-06/16/full/1655403417-0701.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="automobile" width="620" /></div>
<br />

Axis Bank-Citi deal: Synergies seen FY25 onwards on deposit, AUM attrition

With a double-digit attrition in Citi&#39;s deposits and wealth asset under management (AUM), since the announcement of the merger, analysts expect Axis Bank seeing merger synergies playing out only by the second half of financial year 2024-25 (H2FY25). <a href="https://www.business-standard.com/article/markets/axis-bank-citi-deal-synergies-seen-fy25-onwards-on-deposit-aum-attrition-123030200505_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Citibank, citigroup, foreign banks" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-04/17/full/1618603400-1287.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Citibank, citigroup, foreign banks" width="620" /></div>
<br />

Adani-Hindenburg row: SC forms 5-member committee headed by retired judge

The committee will consist of OP Bhatt, Justice JP Devadhar (retired), Nandan Nilakeni, KV Kamath, and Somasekharan Sundaresan as members, and former SC Judge AM Sapre will head the committee. <a href="https://www.business-standard.com/article/companies/adani-hindenburg-row-sc-forms-5-member-committee-headed-by-retired-judge-123030200468_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Raise coverage under food security Act: Supreme Court tells Centre" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-08/24/full/1661362699-0681.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Supreme Court" width="620" /></div>
<br />

Is Nifty Bank forming a short-term bottom and ready to breakout over 42K?

Now, if the Bank index succeeds to close over 41,000 mark, which is right above its 21-DMA, the short-term upside may poised to rally further breaking major hurdle of 42,000 level, as per the index price analysis. <a href="https://www.business-standard.com/article/markets/is-nifty-bank-forming-a-short-term-bottom-and-ready-to-breakout-over-42k-123030200396_1.html?1677738331" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Markets, bulls, bears, stocks, trading, technicals, market technical, technical analysis" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/misc/2021-05/20/full/markets-bulls-bears-stocks-trading-technicals-market-technical-technical-analysis-1621493728-14172620.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Markets, bulls, bears, stocks, trading, technicals, market technical, technical analysis" width="620" /></div>
<br />

Macrotech Developers surges 6% on heavy volumes; stock up 26% in 4 days

According to analysts, Macrotech Developers is expected to benefit from resilient housing demand, supply consolidation and peaking out of high interest rates. <a href="https://www.business-standard.com/article/markets/macrotech-developers-extends-gain-in-weak-market-rallies-26-in-4-days-123030200371_1.html?1677737433" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Photo: Bloomberg" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-08/12/full/1660306961-1457.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="China, real estate developers, realty sector" width="620" /></div>
<br />

Investment giant Softbank offloads 3.8% stake in Delhivery for Rs 954 cr

According to data available at the Bombay Stock Exchange (BSE), SoftBank sold shares worth Rs 954 crore in Delhivery in a bulk deal at Rs 340 apiece. <a href="https://www.business-standard.com/article/companies/investment-giant-softbank-offloads-3-8-stake-in-delhivery-for-rs-954-cr-123030200249_1.html?1677736819" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Delhivery" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-11/21/full/1669042295-4969.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Delhivery" width="620" /></div>
<br />

Analysts turn cautious on Cipla as US FDA action delays key US launches

Analysts believe that some of the recent observations from the US FDA are critical in nature and could lead to a potential Official Action Indicated (OAI) classification for the Indore plant. <a href="https://www.business-standard.com/article/markets/analysts-turn-cautious-on-cipla-as-us-fda-action-delays-key-us-launches-123030200328_1.html?1677735466" target="_blank"><strong>READ MORE<br />
\</strong></a>
<div style="float: left; max-width: 600px;">
	<img align="" alt="Cipla, Cipla logo, Cipla headquarters" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2017-05/25/full/1495712290-9276.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Cipla, Cipla logo, Cipla headquarters" width="620" /></div>

4 Adani Group stocks log block deals; shares worth Rs 15K cr change hands

Adani Enterprises, the Group flagship company, saw around 38.96 million equity shares (3.4 per cent of total equity) worth of around Rs 5,487 crore change hands on the BSE this morning. <a href="https://www.business-standard.com/article/markets/4-adani-group-stocks-log-block-deals-shares-worth-rs-15k-cr-change-hands-123030200288_1.html?1677734701" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Adani, Adani Group" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-02/15/full/1676425501-5556.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Adani, Adani Group" width="620" /></div>
<br />

Adani-Hindernburg SC hearing: CJI announces Committee, to submit report in 2 months

&gt;&gt;&nbsp;Sebi shall also investigate whether there has been a violation of S 19 of Sebi rules, whether there was any manipulation of stock prices.<br />
<br />
&gt;&gt;&nbsp;Sebi shall expeditiously conclude investigation in 2 months and file a status report.<br />
<br />
&gt;&gt; SC forms Committee of Mr OP Bhat, Justice JP Devdatt, Mr Nandan Nilakeni, Mr KV Kamath, Mr.Somasekharan Sundaresan as the members. The head will be former SC judge Justicr AM Sapre.<br />
<br />
&gt;&gt;&nbsp;The remit of committee will be- To suggest measures to strengthen frameworks, to investigate Adani, to suggest measure to strengthen statutory framework. SEBI Chairperson is requested to ensure that all information is provided to the committee.<br />
<br />
&gt;&gt;&nbsp;The committee shall submit its report in a sealed cover before this court in 2 months.

Adani-Hindernburg SC hearing: Overview of petitions shows that public money is at risk, says CJI

CJI DY Chandrachud says --<br />
<br />
&gt;&gt;&nbsp;It seeks directions to establish a committee.<br />
<br />
&gt;&gt; Second petition asks for FIR against Hindenburg for short selling.<br />
<br />
&gt;&gt; Third petition seeks court monitored enquiry<br />
<br />
&gt;&gt;&nbsp; This court noted that there was a need for committee for regulatory mechanisms to ensure safety of investors.
<div>
	<br />
	&gt;&gt; Seems that SEBI is ceased of the investigation against Adani.&nbsp;</div>

Sonata Software hits new high; stock up 44% since start of the year

Acquisition of Quant Systems will strengthen Sonata offering in BFSI and Healthcare &amp; Life science verticals which will aid the revenue growth of company, say analyst at ICICI Securities. <a href="https://www.business-standard.com/article/markets/sonata-software-hits-new-high-stock-up-44-since-start-of-the-year-123030200230_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left;">
	<img align="" alt="" class="imgCont" height="275" src="https://bsmedia.business-standard.com/_media/bs/img/article/2015-08/05/full/1438782909-8026.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="" width="370" /></div>
<br />

How will the markets read into the state election outcome in 2023?

While markets eye both economic and political issues, in the medium-to-long term, analysts believe election results do not matter much. <a href="https://www.business-standard.com/article/markets/how-will-the-markets-read-into-the-state-election-outcome-in-2023-123030200223_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Voting, elections, Tripura Assembly elections" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-02/16/full/1676555699-7716.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Voting, elections, Tripura Assembly elections" width="620" /></div>
<br />

MARKET CHECK: Sensex extends slump, slips over 300 points

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/1677731280103.png

Rail Vikas up 10% as JV emerges lowest bidder for 200 Vande Bharat trains

A joint venture of Russian firm Transmashholding (TMH) and RVNL emerged as the lowest bidder for the manufacture and maintenance of 200 lightweight Vande Bharat trains. <a href="https://www.business-standard.com/article/markets/rvnl-surges-10-as-jv-emerges-lowest-bidder-for-200-vande-bharat-trains-123030200202_1.html?1677730628" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Vande Bharat Express" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-11/30/full/1669826765-6837.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Vande Bharat Express" width="620" /></div>
<br />

Nifty IT index falls over 1%, worst performer on NSE

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16777299169526.png

Broader markets :: Mid, smallcaps outperform benchmarks

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16777291528491.png

Sensex Heatmap :: 10 of 30 index stocks higher; Bajaj Finserv, L&T rally

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16777290230074.png

Opening Bell :: Nifty starts below 17,450

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16777289328237.png

Opening Bell :: Sensex starts with a mild downtick

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16777288771478.png

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16777285158713.png

Pre-Open Session :: Sensex in red after a day's hiatus

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16777284655897.png

Currency check :: Rupee opens weaker at 82.568/$

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16777281013583.png

From HDFC to PVR, here are top stocks to watch in Thursday's trading session

<div>
	<strong>HDFC Bank</strong>: The private sector lender partnered with IRCTC to launch &#39;IRCTC HDFC Bank Credit Card&#39; that provides exclusive benefits on bookings through IRCTC website &amp; app, lounge access, among others. The management said that the co-branded cards would grant exclusive access to state-of-the-art lounges opened at various railway stations.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Hero MotoCorp: </strong>The two-wheeler maker saw a 10 per cent year-on-year (YoY) increase in total wholesales at 3.9 lakh units in February from 3.5 lakh units, in the year-ago period. Sales in the domestic market, too, rose to 3.8 lakh units in February from 3.3 lakh units. However, exports dropped to 12,143 units. <a href="https://www.business-standard.com/article/markets/stocks-to-watch-today-hdfc-nmdc-pvr-lupin-sunteck-realty-tata-motors-hero-motocorp-123030200100_1.html" target="_blank"><strong>READ MORE</strong></a><br />
	<div style="float: left; max-width: 600px;">
		<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-05/20/full/1621495317-7899.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
</div>
<br />

Nifty IT, Realty indices look bullish on chart: Ravi Nathani

The technical analyst also expects a pullback in the Nifty Pharma index. <a href="https://www.business-standard.com/article/markets/nifty-it-realty-indices-look-bullish-on-chart-ravi-nathani-123030200118_1.html?1677725204" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Markets, bulls, bears, stocks, trading, technicals, market technical, technical analysis" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/misc/2021-05/20/full/markets-bulls-bears-stocks-trading-technicals-market-technical-technical-analysis-1621493728-14172620.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Markets, bulls, bears, stocks, trading, technicals, market technical, technical analysis" width="620" /></div>
<br />

WATCH VIDEO: Is it time to bet on consumer appliance stocks?

The weatherman has forecast a hotter-than-usual summer across most parts of the country this year. At the bourses, summer-related stocks have begun to gather steam. Should you jump on the bandwagon?<br />
<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="464" scrolling="no" src="https://www.youtube.com/embed/i3jUODXIgcs" title="Is it time to bet on consumer appliance stocks?" width="620"></iframe>

DIIs bought equities worth Rs 1,498 crore on March 1

FIIs sold equities worth Rs 425 crore on Wednesday, March 1

COMMODITIES CHECK: Oil prices edge higher marginally; Brent at $84/bbl

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16777257541805.png