Share Market Today

The major averages fell sharply on Tuesday after Federal Reserve Chairman Jerome Powell said interest rates may need to go higher for longer.

[likely to be higher](https://www.cnbc.com/2023/03/07/fed-chair-powell-says-interest-rates-are-likely-to-be-higher-than-previously-anticipated.html)" than the central bank had anticipated. The sharp move higher followed Fed Chairman [Jerome Powell](https://www.cnbc.com/jay-powell/), who said interest rates are ["likely to be higher" than previously anticipated.](https://www.cnbc.com/2023/03/07/fed-chair-powell-says-interest-rates-are-likely-to-be-higher-than-previously-anticipated.html) The comments raised fears that policymakers could [boost interest rates by a half point](https://www.cnbc.com/2023/03/07/morgan-stanley-economists-say-powell-opened-the-door-to-a-return-of-half-point-rate-hikes.html) at their next meeting later this month. The rates on 3-month, 6-month, 1-year and 2-year Treasury notes leapt over 5% on Tuesday. Treasury note](https://www.cnbc.com/2023/03/07/us-treasury-yields-investors-anticipate-fed-chair-powells-remarks.html) jumped over 12 basis points to top 5% on Tuesday, reaching its highest level since 2007. All we need is the 2-year Treasury." Well, the Nasdaq Composite, which after all contains more than 2,500 stocks, dropped a smaller 1.25% Tuesday. The [S&P 500](/quotes/.SPX/) slid 1.53% to close below the key 4,000 threshold, and the [Nasdaq Composite](/quotes/.IXIC/) lost 1.25%. "We don't need the Fed. Investors are anticipating the February jobs report this week to see whether the economy is continuing to heat up, or if January's blockbuster report was an aberration. He cautioned lawmakers that the central bank's terminal rate will likely be higher than previously anticipated due to stubbornly high economic data in recent weeks. On Wednesday, investors will be closely watching Powell speak before the House Financial Services Committee.

Investing.com -- The Dow slumped Tuesday, as hawkish remarks from Federal Reserve chair Jerome Powell ramped up bets on the Fed returning to an aggressive rate- ...

Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. [DVN ](/equities/devon-energy)), APA Corporation (NASDAQ: [APA ](/equities/apache-corp)), Hess Corporation (NYSE: [HES ](/equities/hess-corp)) ended the day in the red, with the latter down more than 3%. [AAPL ](/equities/apple-computer-inc)), Alphabet Inc (NASDAQ: [GOOGL ](/equities/google-inc)), and Microsoft Corporation (NASDAQ: [MSFT ](/equities/microsoft-corp)) down more than 1%. [ZION ](/equities/zions-bancorp)), Citizens Financial Group Inc (NYSE: [CFG ](/equities/citizens-financial-group-inc)), and Fifth Third Bancorp (NASDAQ: [FITB ](/equities/fifth-third-bk)) were among the biggest decliners falling about 5% on the day.

A gauge of Asian equities dropped more 1% Wednesday, led by heavy declines in technology stocks, after hawkish rhetoric from Federal Reserve Chair Jerome ...

US Stock Market News Today: The Dow Jones Industrial Average (.DJI) fell 574.98 points, or 1.72 per cent, to 32856.46, the S&P 500 (.SPX) lost 62.05 points, ...

Check [Business Breaking News Live](https://www.zeebiz.com/live-tv) on [Zee Business Twitter](https://twitter.com/zeebusiness) and [YouTube](https://www.youtube.com/channel/UCkXopQ3ubd-rnXnStZqCl2w). central bank chief reaffirmed the Fed's determination to bring inflation down to its 2 per cent target rate. Emerging market stocks lost 0.87 per cent. could head into recession," said Tim Ghriskey, senior portfolio strategist Ingalls & Snyder in New York. crude fell 3.58 per cent to settle at $77.58 per barrel and Brent settled at $83.29, down 3.35 per cent on the day. "It's a pretty classic risk-off day," said Ross Mayfield, investment strategy analyst at Baird in Louisville, Kentucky. The Dow Jones Industrial Average (.DJI) fell 574.98 points, or 1.72 per cent, to 32,856.46, the S&P 500 (.SPX) lost 62.05 points, or 1.53 per cent, to 3,986.37 and the Nasdaq Composite (.IXIC) dropped 145.40 points, or 1.25 per cent, to 11,530.33. The dollar index rose 1.21 per cent, with the euro down 1.22 per cent to $1.0548. The 30-year bond last rose 18/32 in price to yield 3.8794 per cent, from 3.912 per cent late on Monday. US Stock Market News Today: The Dow Jones Industrial Average (.DJI) fell 574.98 points, or 1.72 per cent, to 32,856.46, the S&P 500 (.SPX) lost 62.05 points, or 1.53 per cent, to 3,986.37 and the Nasdaq Composite (.IXIC) dropped 145.40 points, or 1.25 per cent, to 11,530.33. Benchmark 10-year notes last rose 4/32 in price to yield 3.9696 per cent, from 3.983 per cent late on Monday. The pan-European STOXX 600 index (.STOXX) lost 0.77 per cent and MSCI's gauge of stocks across the globe (.MIWD00000PUS) shed 1.46 per cent.

Stock futures were fractionally higher ahead of testimony on Capitol Hill from Fed Chair Jerome Powell on Tuesday morning.

Fed Chair Jerome Powell said the central bank could raise rates more than expected if economic data remains strong.

By Karee Venema • Published The Fed funds rate is at its highest level since 2007. With over a decade of experience writing about the stock market, Karee Venema is an investing editor and options expert at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. [best small-cap stocks](https://www.kiplinger.com/investing/stocks/small-cap-stocks/super-small-cap-stocks-to-buy) are priced for outperformance. Today's comments from Powell "should come as no surprise to investors," says John Lynch, chief investment officer for Comerica Wealth Management. [WBA](https://www.kiplinger.com/tfn/ticker.html?ticker=WBA) (opens in new tab), -3.7%) slid on reports California is reviewing its relationship with the drugstore chain. While the deal could bring considerable upside, it also carries sizable risks." "As borrowing costs are set to shoot up yet again, it'll pile more pressure on consumers and companies." "While markets are still somewhat split on the magnitude of the next hike per data from Stocks started Tuesday on shaky footing – and things only unraveled as Federal Reserve Chair Jerome Powell began his semiannual testimony in front of Congress. The commentary was not welcomed by investors, with the major benchmarks selling off sharply today.

MARCH 08, 2023 / 7:54 AM IST अदाणी ग्रुप ने 7300 करोड़ रुपये के गिरवी शेयर छुड़ाए अदाणी ग्रुप ने वक्त ...

Share Market News Today | Sensex, Nifty, Share Prices LIVE: On Wednesday, the NSE Nifty 50 fell 92.45 pts or 0.52% to 17619.00 and BSE Sensex tanked 329.33 ...

The NSE Nifty 50 fell 92.45 pts or 0.52% to 17,619.00 and BSE Sensex tanked 329.33 pts or 0.55% to 59,895.13. The two big catalysts for the markets are IIP data and the US jobs report to be released on March 10, which would provide some near-to-medium term direction to the investors. The Dow Jones Industrial Average fell 1.72%, S&P 500 dropped 1.53% and the tech-heavy Nasdaq dipped 1.25%. The top gainers on Nifty 50 were Adani Enterprises, UltraTech Cement, BPCL, SBI Life and Bajaj Auto while the losers were Hindalco, Tech Mahindra, Infosys, HCL Tech and JSW Steel. “Markets could retreat sharply in early trades Wednesday on the back of weak global cues after US Federal Reserve Chairman Jerome Powell made a hawkish statement and indicated that interest rates are likely to be higher than previously estimated in view of higher inflation. While a sustained trade above 17750 may induce buying in the market,” said Rupak De, Senior Technical Analyst at LKP Securities. In order to advance closer to the 18000 level, the index must now surpass the 50-day EMA, which is close to 17815 levels. However, below 17600 uptrends would be vulnerable,” said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd. Coming to the OI Data, on the call side, the highest OI was observed at 17800 followed by 18000 strike prices while on the put side, the highest OI is at 17500 strike price,” said Devan Mehata, Equity Research Analyst at Choice Broking. The index is likely to trade in this range for the next couple of trading sessions,” said Kunal Shah, Senior Technical Analyst at LKP Securities. The volume profile indicates Index has strong support around the 17450-17550 zone. “Bank Nifty index witnessed some selling pressure from higher levels but the broader trend remains bullish and one should keep a buy-on-dip approach.

Stock Market News: Trends in the SGX Nifty indicate a negative opening for the broader index in India on Wednesday in line with a steep fall in the US ...

The full-year demand growth for FY2023 is estimated at 9.5-10 percent; which is likely to moderate in FY2024, though remaining healthy at 5.5-6.0 percent,” said Vikram V, Vice-President and Sector Head for Corporate Ratings at ICRA. India’s thermal plant load factor (PLF) improved to 64 percent in FY2023 from 58.9 percent in FY2022, driven by a strong recovery in electricity demand growth in the country, rating agency ICRA said on March 6. Democratic Senator Chris Van Hollen asked Powell during the Fed chief's semi-annual testimony before the US Senate Banking Committee. "Congress really needs to raise the debt ceiling... The greenback gained 0.68 percent to ¥136.85. The euro dropped 0.84 percent to $1.0593. The Nifty futures were trading around 17,736 levels on the Singaporean exchange against March 6 close of 17,776. If the index moves up, the key resistance levels to watch out for are 17,777, followed by 17,807 and 17,856. This is generally a bearish reversal pattern but needs a confirmation in the coming sessions. South Korea’s Kospi fell 1.18 percent in its first hour of trade. The dollar extended gains against a basket of currencies on Tuesday after Federal Reserve Chairman Jerome Powell said that the US central bank will stay the course until the job is done, adding that the ultimate level of interest rates is likely to be higher than previously anticipated. In Australia, the S&P/ASX 200 was down 0.82 percent.

Stock Market LIVE Today: Indian equity benchmarks Sensex and Nifty50 are likely to start Wednesday's session on a sharply negative note, as the Indian share ...

Both main gauges finished the March 6 day 0.7 per cent stronger as Dalal Street headed into a mid-week holiday on account of Holi. "Airfares in the domestic market are about 60 per cent higher on domestic routes compared to 2019 levels, and 23 per cent higher on international routes... Both headline indices slump as much as 0.6 per cent within the first 15 minutes of trade. Singapore Exchange (SGX) Nifty futures, an early indicator of the Nifty50 index, fell as much as down 156 points or 0.9 per cent to 17,697 ahead of the opening bell on Dalal Street. In conversaion with Zee Business Managing Editor Anil Singhvi, Ambareesh Baliga and Sumeet Bagadia share their recommendations: Airfares are sustaining at higher levels and crude oil rates softening," says Baliga. Sedani has handpicked these stocks for investors basis guidance of growth of at least 20 per cent despite global uncertainties. Data released after Powell's remarks showed an unexpected rise in inflation in January 2023 and an unusually large jobs gain for the month, fuelling concerns about sharper-for-longer hikes in interest rates. [Zeebiz.com](http://zeebiz.com/)'s blog on the stock market today Stock Market LIVE Today Stock Market Tips LIVE Catch minute-by-minute highlights of all the market action, market commentary and analysis only on

Share Market LIVE Updates: Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to open lower mirroring the moves across global markets.

Welcome to CNBC-TV18's market blog, where we provide rolling live news coverage of the latest events in the stock market, business and the economy. However, it gave up half of those gains from the intraday high of 17,799. The Nifty 50 index began the truncated trading week on a positive note, ending Monday's session with gains of over 100 points and closing above the mark of 17,700. "Traders are advised to continue with an optimistic approach and now should start focusing more on thematic movers. The disinflation trend pushed the markets up while data indicating a strong economy and tight labour market pulled the markets down. Prazosin Hydrochloride Capsule is indicated for the treatment of hypertension, to lower blood pressure.

Stocks fell on Tuesday as testimony from Federal Reserve Chair Jerome Powell set the stage for additional rate hikes from the central bank as inflation ...

Stock Market Today, Nifty, Bank Nifty: Domestic equity indices may remain under pressure today amid negative sentiment in global markets.

The index is likely to trade in this range for the next couple of trading sessions,” said Kunal Shah, Senior Technical Analyst at LKP Securities. Coming to the OI Data, on the call side, the highest OI was observed at 17800 followed by 18000 strike prices while on the put side, the highest OI is at 17500 strike price,” said Devan Mehata, Equity Research Analyst at Choice Broking. In order to advance closer to the 18000 level, the index must now surpass the 50-day EMA, which is close to 17815 levels. While a sustained trade above 17750 may induce buying in the market,” said Rupak De, Senior Technical Analyst at LKP Securities. On Monday, the NSE Nifty 50 rose 117.10 pts or 0.67% to 17,711.45 and BSE Sensex surged 415.49 pts or 0.69% to 60,224.46. The Nifty futures on the Singapore Exchange were trading 137.50 pts or 0.77% lower at 17,715.50 in the early morning trade.

Stock Market LIVE Updates: Among sectors, capital goods and power indices up 1 percent, while selling is seen in the IT, metal, realty, pharma names.

Stocks in the news, big brokerage calls of the day, complete trade setup and much more!

[Ajanta Pharma](https://www.bqprime.com/business/ajanta-pharma-to-consider-share-buyback-on-march-10): The board will consider a proposal for buyback of the equity shares of the company on March 10. [Coffee Day Enterprises](https://www.bqprime.com/business/sat-stays-rs-26-crore-sebi-fine-against-coffee-day-enterprises): The Securities Appellate Tribunal stayed a SEBI penalty of Rs 26 crore against the company in a case of alleged fund diversion from seven subsidiaries to an entity related to the promoters. [GAIL (India)](https://www.bqprime.com/markets/gail-board-to-consider-interim-dividend-on-march-13): The board of the company will meet on March 13 to consider and approve interim dividend for the current fiscal. Its captive coal production in February stood at 2.6 million metric tonnes and the despatch during the month stood at 2.5 MMT, marking a robust growth of 80% and 87% respectively. NBCC (India): The company received work orders for three projects, cumulatively valued at Rs 541.02 crore. [Zee Entertainment Enterprises](https://www.bqprime.com/business/zees-operational-creditor-withdraws-insolvency-petition-after-settlement): The company entered a settlement agreement with operational creditor Indian Performing Rights Society to settle all claims and disputes. dollar for the second day in a row on the back of a rise in domestic equities and foreign fund inflows. Overseas investors in Indian equities remained net buyers for the third day in a row on Monday. He will be responsible for all the functions as are executed by a CFO till an appointment is made to the office. [Allcargo Logistics](https://www.bqprime.com/markets/allcargo-to-acquire-3887-stake-from-partners): The company will acquire 38.87% stake from partners in the contract logistics business at an enterprise value of Rs 373 crore. Tube Investments of India: To meet investors and analysts on March 8 and 28. [NTPC](https://www.bqprime.com/business/ntpc-logs-nearly-12-growth-in-electricity-generation-in-april-february-this-fiscal): The company saw 11.92% growth in electricity generation at 364.2 billion units between April 2022 and February 2023, compared to the country’s generation growth of 9.56%, Ministry of Power said.

Sensex Today LIVE Updates: Indian shares opened lower on Wednesday, tracking a slide in global equities after U.S. Federal Reserve Chair Jerome Powell ...

The broader NSE Nifty surged 117 points or 0.67% to end at 17,711. 07:33 AM crude oil inventories, after the market tumbled in the previous session on fears more aggressive U.S. Oil prices steadied in early Asian trade on Wednesday as industry data showed a draw in U.S. MSCI's broadest index of Asia-Pacific shares outside Japan was 1.45% lower, while Australia's S&P/ASX 200 index fell 0.70%. Asian shares fell sharply on Wednesday, while the dollar advanced after hawkish comments from Federal Reserve Chair Jerome Powell raised the possibility of the U.S. The Nikkei ended the morning session up 0.22% at 28,370.92 after earlier reaching 28,431.15 for the first time since Nov. The index has rallied 3.4% since last Thursday. The disinflation trend pushed the markets up while data indicating a strong economy and tight labour market pulled the markets down. Congress on Tuesday, in which he said strong economic data in the United States raised the possibility of prolonged and higher-than-expected interest rate hikes. So, markets are pricing in a 50bp rate hike in the next Fed meeting on March 21-22. 10:53 AM

The NSE Nifty index was trading 34.95 points down at 17676.5.

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). [Adani Prepays $902m Share-Backed Loans](/epaper/delhicapital/2023/mar/08/et-front/adani-prepays-902m-share-backed-loans/articleshow/98485912.cms) For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) [Baring PE Asia Looks to Pick up Stake in Shriram Housing Finance](/epaper/delhicapital/2023/mar/08/et-front/baring-pe-asia-looks-to-pick-up-stake-in-shriram-housing-finance/articleshow/98485910.cms) [TCS Set to Bag Deals worth $1 Billion from Marks & Spencer](/epaper/delhicapital/2023/mar/08/et-front/tcs-set-to-bag-deals-worth-1-billion-from-marks-spencer/articleshow/98485920.cms) [The Economic Times News App](https://etapp.onelink.me/tOvY/feefac97) to get Daily Market Updates & Live Business News. [Hindalco Industries Ltd](/hindalco-industries-ltd/stocks/companyid-13637.cms).(down 1.93 per cent), [Bajaj Finance Ltd](/bajaj-finance-ltd/stocks/companyid-11260.cms).(down 1.83 per cent), [Tech Mahindra Ltd](/tech-mahindra-ltd/stocks/companyid-11221.cms).(down 1.65 per cent), [Infosys Ltd](/infosys-ltd/stocks/companyid-10960.cms).(down 1.35 per cent) and [HCL Technologies Ltd](/hcl-technologies-ltd/stocks/companyid-4291.cms).(down 1.14 per cent) were among the top losers in the index. [Adani Enterprises Ltd](/adani-enterprises-ltd/stocks/companyid-9074.cms).(up 2.94 per cent), Larsen & Toubro Ltd.(up 1.48 per cent), [Bajaj Auto Ltd](/bajaj-auto-ltd/stocks/companyid-21430.cms).(up 1.45 per cent), [Adani Ports](/adani-ports-special-economic-zone-ltd/stocks/companyid-20316.cms)& Special Economic Zone Ltd.(up 1.04 per cent) and NTPC Ltd.(up 0.85 per cent) were among the top gainers. BPEA EQT, formerly Baring PE Asia, is in advanced negotiations to buy into Shriram Housing Finance Ltd (SHFL), a mortgage subsidiary of Shriram Finance, people familiar with the matter said. Tata Consultancy Services (TCS) is poised to close additional deals worth $1 billion with British retailer Marks & Spencer in the next few weeks, people aware of the developments said.

Realty stocks were the top losers in morning trade, down 1 per cent, while consumer durables and IT stocks were down over 0.55 per cent.

By 10 am, Sensex and Nifty trimmed their losses and were trading nearly flat. Meanwhile, India VIX climbed over 3 per cent. In the Sensex heatmap at open, In the Sensex pack, only eight stocks, including Maruti Suzuki, HDFC Bank and HDFC, were trading in the green.

Indian indices opened in red on Wednesday based on global cues after US Fed Chair Jerome Powell during his Senate hearing said that the central bank will ...

South Korea’s Kospi down 1.36 per cent Hong Kong’s Hang Seng Index down 2.60 per cent Shanghai Composite Index down 0.53 per cent Nasdaq down 1.25 per cent S&P 500 down 1.73 per cent Adani Ports’ stock was up 0.07 per cent to Rs 691 apiece.

Stock market today: Trends on SGX Nifty indicate an opening in the red for the Indian markets on Wednesday after a loss of 0.76 percent.

Kyiv has urged members of Congress to press the White House to approve sending the weapons. As per the latest data of the Reserve Bank of India, the credit card outstanding has recorded a growth of over 20 percent in the 10 months of the current fiscal. BSE Sensex advanced 415.49 points or 0.69 percent to end at 60,224.46 while the broader NSE Nifty rose 117.10 points or 0.67 percent to 17,711.45 on Monday. Indian indices remained closed on Tuesday on account of Holi. Trends on SGX Nifty suggest a negative start for the broader market in India with a loss of 0.76 percent. Here are the 10 things you need to know before the opening bell on March 8: