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Market wrap on March 14, 2024: Beaten down BSE PSU and CPSE indices surged up to 3 per cent led by gains in rail stocks; Adani Group shares surged up to 11%

BSE, NSE, Sensex, Nifty, stock markets

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	<strong>Stock market highlights: </strong>Equity benchmark indices bounced back in trades on Thursday led by gains in index heavyweights Bharti Airtel, Larsen & Toubro and IT shares.&nbsp;</div>
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	From a low of 72,497, the S&P BSE Sensex rebounded into the positive zone and rallied to a high of 73,364. The BSE benchmark eventually ended the day with a gain of 335 points at 73,097.</div>
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	The NSE Nifty 50 hit a low of 21,918, and a high of 22,205, before settling 149 points up at 22,147.<br />
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		IT shares - HCL Technologies, Wipro, Infosys and TCS were up 1-3 per cent each. Bharti Airtel, Larsen & Toubro, Mahindra & Mahindra, Asian Paints, UltraTech Cement and Power Grid were the other major movers among the Sensex 30.</div>
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		On the flip side, Axis Bank, IndusInd Bank and Bajaj Finance were the notable losers, down over 1 per cent.</div>
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			<strong>Also read: <a href="https://www.business-standard.com/markets/news/investors-should-take-3-5-year-view-when-investing-in-small-midcaps-124031400393_1.html?1710411175" target="_blank">&#39;Investors should take 3-5 year view when investing in small, midcaps&#39;</a></strong></div>
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			Among the broader indices, the BSE MidCap jumped 2.3 per cent, and the SmallCap surged 3.1 per cent.</div>
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		Similarly, the beaten BSE PSU and CPSE indices rallied up to 3 per cent led by strong gains in rail shares among others. <a href="https://www.business-standard.com/markets/news/rail-stocks-irfc-ircon-texmaco-rail-rally-up-to-15-on-heavy-volumes-124031400560_1.html?1710411175" target="_blank"><strong>READ MORE</strong></a></div>
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		Shares of Adani Group too witnessed aggressive buying and soared up to 11 per cent. Adani Energy Solutions and Adani Total Gas were the major gainers.&nbsp;</div>
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Market bounces back: Sensex gains 335 pts; Adani Group, rail shares shine

Business Standard

Market bounces back: Sensex gains 335 pts; Adani Group, rail shares shine | News on Markets - Business Standard

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US stock futures hold slim gains in after market trade

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Major US indices end lower Wed; Dow adds 0.1%

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

Catch all the live market updates here with Business Standard

Broader market check :: SmallCap index surges 3%, MidCap over 2%

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Sensex Heatmap :: IT, Airtel, L&T shares lend support

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Closing Bell :: Nifty ends near 22,150 on weekly F&O expiry day

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Closing Bell :: Sensex rebounds after Wednesday's selling, ends over 300 pts up

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Rail stocks: IRFC, IRCON, Texmaco Rail rally up to 15% on heavy volumes

Shares of railway related sectors have rallied by up to 15 per cent on the BSE in Thursday&rsquo;s intra-day trade amid heavy volumes on value buying. <a href="https://www.business-standard.com/markets/news/rail-stocks-irfc-ircon-texmaco-rail-rally-up-to-15-on-heavy-volumes-124031400560_1.html?1710409355" target="_blank"><strong>READ MORE</strong></a><br />
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ALERT:: Goa Carbon receives tax notice of Rs 3 lakh; stock up 3%

Goa Carbon in an exchange filing said the company has received assessment orders and demand notices Goa State Tax Office, under the Goa Cess on Products and Substances Causing Pollution (Green Cess) Act, 2013, amounting to Rs 3.06 lakh.<br />
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'Investors should take 3-5 year view when investing in small, midcaps'

Markets are evenly poised, anticipated rate cuts can provide positive impetus to the market going forward, believes Suresh Soni, CEO of Baroda BNP Paribas Mutual Fund. <a href="https://www.business-standard.com/markets/news/investors-should-take-3-5-year-view-when-investing-in-small-midcaps-124031400393_1.html?1710402048" target="_blank"><strong>READ INTERVIEW</strong></a><br />
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	<img align="" alt="Suresh Soni, CEO, Baroda BNP Paribas Mutual Fund" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-03/14/full/1710401979-0942.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="Suresh Soni, CEO, Baroda BNP Paribas Mutual Fund" /></div>

SMS Pharma soars 16% on positive biz outlook; zooms 60% so far in 2024

The stock is now seen trading close to its 52-week and all-time high registered in March 2024 and August 2021, respectively. <a href="https://mybs.in/2dUJQjr" rel="nofollow" target="_blank"><strong>READ MORE</strong></a><br />
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Indian Hume Pipe surges 18% on winning work order worth Rs 228 crore

The company in association with AMR India and Shoda Constructions has secured a Rs 1,138 crore work roder related to water supply projects &amp; sewerage projects under AMRUT 2.0 by Government of Telangana. <a href="https://mybs.in/2dUJQic" rel="nofollow" target="_blank"><strong>READ MORE</strong></a><br />
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ALERT :: February WPI comes at 0.2% vs 0.27% MoM

ALERT :: Fitch raises India FY25 GDP forecast To 7% from 6.5% earlier

&gt;&gt; Prospects for EMs, except China, have brightened, especially India<br />
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&gt;&gt; FY24 GDP growth seen at 7.8%<br />
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SJVN zooms 8% on signing solar power project worth Rs 2,700 crore

The solar project is set to be commissioned in a period of 18 months or by November 2025. This is expected to generate 1,271.07 million units in the first year after commissioning and the projected cumulative energy generation over a period of 25 years would be about 29,245.40 million units.&nbsp;<a href="https://www.business-standard.com/markets/news/sjvn-zooms-8-on-signing-solar-power-project-worth-rs-2700-cr-124031400199_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Gopal Snacks makes disappointing debut; lists 13% below its issue price

Post listing, the stock hit a high of Rs 378 and a low of Rs 342 on the BSE. At 10:01 am; the stock was trading at Rs 375.50, up 7 per cent as against the stock&#39;s opening price, but down 6 per cent from its issue price. A combined 1.5 million equity shares had changed hands. so far, on the NSE and BSE. <a href="https://www.business-standard.com/markets/news/gopal-snacks-makes-disappointing-debut-lists-13-below-its-issue-price-124031400179_1.html?1710391827" target="_blank"><strong>READ MORE</strong></a><br />
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New Listing :: Gopal Snacks lists at discount against issue price

&gt;&gt;&nbsp;The company&#39;s shares had an issue price of Rs 401 apiece.<br />
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&gt;&gt; Shares listed at Rs 350 per share<br />
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Broader markets :: Indices rebound after Wednesday's slump

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Sectoral trends :: All but Pharma indices swim in red; Realty down 2%

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Sensex Heatmap :: Steel, financial share weigh on frontline indices

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Opening Bell :: Sensex extends Wednesday's selling, starts over 100 pts lower

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Pre-Open Session :: Sensex down nearly 200 pts

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Bitcoin tops $73,000 level to hit new record on insatiable ETF demand

The world&rsquo;s largest cryptocurrency reached a high of $73,664 on Wednesday, before paring its rise slightly to trade at around $73,080 as of 8:29 a.m. in New York. Meanwhile, net daily inflows into US spot Bitcoin ETFs on Tuesday topped $1 billion for the first time, data compiled by Bloomberg show, with BlackRock&rsquo;s IBIT setting its own record at $849 million in daily flows. <a href="https://www.business-standard.com/markets/cryptocurrency/bitcoin-tops-73-000-level-to-hit-new-record-on-insatiable-etf-demand-124031301237_1.html" target="_blank"><strong>Read more</strong></a><br />
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Nifty IT, Nifty Auto may face downward pressure, show technical indicators

The Nifty IT Index, which last closed at 36,946, is currently indicating a downtrend in the near term, as observed on charts. Additionally, technical indicators such as MACD and RSI are not supporting bullish sentiments. <a href="https://www.business-standard.com/markets/news/nifty-it-nifty-auto-may-face-downtward-pressure-show-technical-indicators-124031400048_1.html?1710385656" target="_blank"><strong>Read</strong><br />
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Stocks to Watch, March 14: RIL, Gopal Snacks, TaMo, Federal Bank, HAL, KEC

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	<strong>Reliance Industries:</strong> RIL, on Thursday, signed a binding agreement with two subsidiaries of Paramount Global to acquire the latter&#39;s stake in Viacom18 Media Pvt. Ltd. for an aggregate consideration of Rs 4,286 crore.<br />
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	<strong>Gopal Snacks</strong>: The company&#39;s shares will debut on the stock exchanges on Thursday at an issue price of Rs 401 apiece.<br />
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	<strong>Hindustan Aeronautics</strong>: The Ministry of Defence (MoD) has signed two contracts worth Rs 8,073 crore with the Hindustan Aeronautics for acquisition of 34 advanced light helicopters and associated equipment for the Indian Army and the Coast Guard. <a href="https://www.business-standard.com/markets/news/stocks-to-watch-march-14-ril-gopal-snacks-tamo-federal-bank-hal-kec-124031400065_1.html?1710385656" target="_blank"><strong>Read</strong><br />
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Market bounces back: Sensex gains 335 pts; Adani Group, rail shares shine

Market wrap on March 14, 2024: Beaten down BSE PSU and CPSE indices surged up to 3 per cent led by gains in rail stocks; Adani Group shares surged up to 11%

Rupee weakens 9 paise on Wednesday

Nifty may attempt to claw back above 22K

US stock futures hold slim gains in after market trade

Asian markets mixed in early trade

Major US indices end lower Wed; Dow adds 0.1%

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