CLOSING BELL: The Sensex and Nifty extended their losing streak into the eighth straight day on Tuesday; BSE benchmark has now shed 2,358 points, and NSE index 732 points in this period.

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		<strong>Stock Market Highlights: </strong>Despite starting with marginal gains, the key benchmark indices exhibited a weak trend and ended lower for the eighth straight trading session on Tuesday amid sustained selling in index heavyweights such as &ndash; Reliance, Infosys, Tata Steel and ITC. Market participants were also nervous ahead of the December quarter GDP numbers to be announced later today.</div>
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		The S&P BSE Sensex touched a high of 59,484 in early deals, but thereafter slipped into red and hit a low of 58,796 &ndash; down 688 points from the day&rsquo;s high. The Sensex finally settled 326 points lower at 58,962, and has now declined 2,358 points in the last eight trading days.&nbsp;</div>
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		From a high of 17,440, the NSE Nifty 50 plunged to a low of 17,255 in intra-day deals on Tuesday. The Nifty eventually ended 89 points lower at 17,304, and in the process also broke its 200-DMA (Daily Moving Average) which stands at 17,384 - a key technical indicator on the charts.<br />
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			&quot;Global investors&#39; interest in the equity market is weakening due to the slowdown in the economy, led by high inflation and contractionary monetary policy. Inflows are being diverted to safe assets, and corporate earnings growth is dropping, affecting the performance of the stock market and demanding downgrade in valuation. The double whammy for India is that it is expensive compared to other EMs, resulting in underperformance among the global market.&quot; says a note from Vinod Nair, Head of Research at Geojit Financial Services.</div>
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		<strong>Also read: <a href="https://www.business-standard.com/article/markets/softening-cotton-prices-turning-tides-in-favor-of-textile-players-analysts-123022800450_1.html" target="_blank">Softening cotton prices turning tides in favor of textile players: Analysts</a></strong></div>
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		Index heavyweights, Reliance Industries and Tata Steel down 2 per cent each were the top losers among the Sensex 30 pack. Bajaj Finserv, Infosys, ITC, Bharti Airtel, Axis Bank, Titan, Bajaj Finance, Tech Mahindra, NTPC and SBI were the other prominent losers.</div>
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		On the positive front, Asian Paints surged 3 per cent. Mahindra & Mahindra, PowerGrid Corporation and UltraTech Cement also ended with notable gains.</div>
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		Broader markets outperformed on Tuesday. The BSE Midcap and Smallcap indices finished with gains of around 0.5 per cent each. The overall breadth was neutral, with a near equal number of gainers and losers on the BSE.</div>
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		Sectorally, the BSE Metal index shed 2.4 per cent. The Oil & Gas and Energy indices dropped 1.4 per cent each, and the Healthcare index weakened by a per cent. The BSE Realy index, however, gained 1.2 per cent.</div>
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		<strong>Most Adani Group shares bounce back...</strong></div>
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		A majority of Adani Group shares ended with smart gains on Tuesday amid reports that the Group is looking to repay up to $790 million share-backed loans by March. Adani Enterprises soared over 14 per cent. Adani Ports, Adani Power, Adani Green, Adani Wilmar and NDTV were locked at the 5 per cent upper limit. However, Adani Transmission and Adani Total Gas hit the 5 per cent lower circuit. <a href="https://www.business-standard.com/article/markets/select-adani-group-shares-gain-adani-ent-rebounds-29-from-day-s-low-123022800458_1.html?1677571427" target="_blank">READ MORE</a></div>
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		Among others, Vedanta recorded a four-month low as the stock tumbled 9 per cent on heavy volumes amid debt concerns. According to analysts, growth capex, along with moderation in operating profitability, and higher than expected dividend payout is expected to result in increased leverage this fiscal. <a href="https://www.business-standard.com/article/markets/vedanta-slips-6-hits-four-month-low-on-heavy-volumes-123022800316_1.html?1677564380" target="_blank">READ MORE</a></div>
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Sensex ends 326 pts lower ahead of GDP data; RIL, Tata Steel slip 2%

Business Standard

Sensex ends 326 pts lower ahead of GDP data; RIL, Tata Steel slip 2% | News on Markets - Business Standard

Fund Flow :: DIIs buy equities worth Rs 2,231.66 crore on Monday

Fund Flow :: Foreign investors sell equities worth Rs 2,022.52 crore on Monday

Commodity check :: Brent crude dips marginally

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Asian markets march ahead amid positive end on Wall Street

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US markets inch higher on Monday following worst week of 2023

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

Catch all live market updates here with Business Standard

Buzzing stock :: Adani Group stocks reverse trend, Adani Enterprises surges over 14%

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Broader market check :: Mid, SmallCap indices shine against dip in benchmarks

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Sectoral trends :: Nifty Media index rallies over 2%, IT, Metal fall

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Sensex Heatmap :: 20 of 30 index stocks end in red, RIL, Tata Steel drop 2%

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CLOSING BELL :: Nifty50 slides89 pts ahead of GDP data, holds 17,300

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CLOSING BELL :: Sensex falls 300 pts, down for 8th straight session

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Cipla falls 4%, nears 52-week low on concerns of product launch delay in US

In the past seven trading days, the stock has dipped 11% after the United States Food and Drug Administration issued Form 483 with 8 observations for the company&#39;s Pithampur manufacturing facilities <a href="https://www.business-standard.com/article/markets/cipla-falls-4-nears-52-wk-low-on-concerns-of-products-launch-delay-in-us-123022800596_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Triveni Turbine soars 10% to hit new high on healthy revenue growth outook

The management has guided around 20 per cent revenue growth in the next 2-3 years with profit before tax of around 20-21 per cent given the robust order book and enquiry pipeline. <a href="https://www.business-standard.com/article/markets/triveni-turbine-soars-10-hits-new-high-on-healthy-revenue-growth-outook-123022800526_1.html?1677574400" target="_blank"><strong>READ MORE</strong></a><br />
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Softening cotton prices turning tides in favor of textile players: Analysts

Analysts assert that unstable political scenarios in Sri Lanka and Pakistan, and wage issues in Bangladesh will shift export demand from these economies to home-textile or garment players in India. <a href="https://www.business-standard.com/article/markets/softening-cotton-prices-turning-tides-in-favor-of-textile-players-analysts-123022800450_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Select Adani group shares rally; Adani Enterprises jumps 29% from day's low

Since January 24, the market value of 5 Adani group companies - Adani Total Gas, Adani Green Energy, Adani Transmission, Adani Power and Adani Enterprises - has declined between 52% and 83%. <a href="https://www.business-standard.com/article/markets/select-adani-group-shares-gain-adani-ent-rebounds-29-from-day-s-low-123022800458_1.html?1677571427" target="_blank"><strong>READ MORE</strong></a><br />
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Indiabulls Real Estate plunges 7% as MD Mehul Johnson resigns

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	The company said merger with the Embassy was in the final stages of the National Company Law Tribunal (NCLT) review - next hearing in Chandigarh scheduled for tomorrow, March 1, 2023. <a href="https://www.business-standard.com/article/markets/indiabulls-real-estate-plunges-7-as-md-mehul-johnson-resigns-123022800416_1.html?1677569349" target="_blank"><strong>READ</strong><br />
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Adani plans to repay up to $790 mn share-backed loans by March: Report

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	Adani Green Energy also plans to refinance its 2024 bonds via a $800 million, three-year credit line, said the sources, who declined to be named. <a href="https://www.business-standard.com/article/companies/adani-plans-to-repay-up-to-790-mn-share-backed-loans-by-march-report-123022800228_1.html?1677567349" target="_blank"><strong>READ</strong><br />
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Stake buy buzz: Bharti Airtel stock looks weak, Paytm must hold its 200-DMA

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	Shares of Bharti Airtel may plunged up to 7 per cent on breaking 200-DMA, while Paytm shares need to holds above its 200-DMA to upheld the positive stance. <a href="https://www.business-standard.com/article/markets/stake-buy-buzz-bharti-airtel-stock-looks-weak-paytm-must-hold-its-200-dma-123022800317_1.html?1677564966" target="_blank"><strong>READ</strong><br />
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Foseco India surges 9%, hits over 5-year high on strong Dec quarter results

Shares of Foseco India rallied 9 per cent to hit an over five-year high of Rs 2,189 on the BSE in Tuesday&rsquo;s intra-day trade after the company reported a 51 per cent jump in its net profit to Rs 1,226 crore in the December quarter (Q4CY22). <a href="https://www.business-standard.com/article/markets/foseco-india-surges-9-hits-over-5-year-high-on-strong-q4-results-123022800245_1.html?1677560680" target="_blank"><strong>READ</strong><br />
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Zee Entertainment jumps 6% as NSE reincludes stock in F&O segment

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	The stock of TV broadcasting &amp; software production had dipped 15 per cent in past six trading days between February 17 and February 27. <a href="https://www.business-standard.com/article/markets/zee-entertainment-gains-6-as-stock-back-into-f-o-segment-123022800190_1.html?1677559283" target="_blank"><strong>READ</strong><br />
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No refinancing, capital plans at HK roadshow, says Adani Group CFO

The crisis-ridden Indian conglomerate is continuing an investor roadshow in Hong Kong Tuesday to ease concerns about its financial health and corporate governance induced by a short-seller&rsquo;s allegations. It held a series of investor meetings on Monday in Singapore, where executives said the group has enough money to repay debt due over the next three years in addition to an $800 million credit facility. <a href="https://www.business-standard.com/article/companies/no-debt-refinancing-capital-plans-says-adani-group-cfo-jugeshinder-singh-123022800171_1.html?1677557958" target="_blank"><strong>READ MORE</strong></a><br />
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Broader markets :: Across the board buying; Mid, SmallCap indices slightly outrun benchmarks

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Sectoral trends :: Most indices in green; Nifty Auto up 1% ahead of monthly sales numbers

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Sensex Heatmap :: Heavyweights cap gains; HUL, RIL, ICICI Bank, Titan in red

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Opening Bell :: Sensex opens flat with muted downtick

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Pre-Open Session :: Sensex rises over 50 pts

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Rupee Opening :: Rupee starts at 82.70/$ vs Monday's close of 82.84/$

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Watch :: Will strong order book build steam for road-infra players?

Paytm shareholding changes: Ant exceeds 25% mark, MFs increase their stake

The company in a regulatory filing updated its shareholding pattern, which shows Ant Financial&rsquo;s holding in the company go up slightly from 24.86 per cent as of December 31, 2022 to 25.47 per cent now. <a href="https://www.business-standard.com/article/companies/paytm-shareholding-changes-ant-exceeds-25-mark-mfs-increase-their-stake-123022800006_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Watch :: Can high leverage spell trouble for Vedanta?

Stocks to watch: SpiceJet, Bharti Airtel, SAIL, Wipro

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	<strong>Bharti Airtel: </strong>Chairman Sunil Bharti Mittal said since return on capital in the telecom business is quite low, a tariff hike is soon slated to be out by mid of this year. Inspite of strong balance sheets, on the back of healthy capital infusion, the return on capital of this industry is very low, he said.&nbsp;<br />
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	<strong>SAIL:</strong> The company&#39;s arm - Bhilai Steel Plant bagged orders from the UAE to supply large volumes of special quality plates. The plant has received an export order of 10,000 tonnes, with plates complying with European and American specifications. <a href="https://www.business-standard.com/article/markets/stocks-to-watch-today-spicejet-bharti-airtel-sail-wipro-brigade-ent-mastek-123022800085_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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