Bank Nifty

2023 - 3 - 14

Post cover — Image courtesy of "Financial Express"

Share Market LIVE: Nifty dangerously close to falling below 17000 ... (Financial Express)

Share Market News Today | Sensex, Nifty, Share Prices LIVE: On Tuesday, the NSE Nifty 50 fell 8.35 pts or 0.05% to 17145.95 and BSE Sensex rose 106.17 pts ...

On the higher end, resistance is placed at 17500,” said Rupak De, Senior Technical Analyst at LKP Securities. On the way downside, we expect the Nifty to touch the lower end of the falling channel (16950). The NSE Nifty 50 fell 8.35 pts or 0.05% to 17,145.95 and BSE Sensex rose 106.17 pts or 0.18% to 58,344.02. While on the flip side, the 200 SMA placed around the 17400-17450 odd zone is expected to act as a sturdy hurdle in a comparable period,” said Osho Krishan, Sr. On the upside, 17500–17800 will act as a resistance area on any bounce back,” said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. On the lower end, support is visible at 16950. “Nifty has breached psychological 17250 levels, as 17000 will now act as immediate support, whereas resistance is placed around the 17400-17500 zone. “As far as levels are concerned, the psychological mark of 17000 for Nifty is in the vicinity now, followed by 16900. “The overall structure of the Bank Nifty index is very weak. “Nifty 50 closed at its 5-month low on global market sell-off triggers, the texture is weak in the short term, as it has broken the 200-DMA at around 17400 levels. The top gainers on Nifty 50 were Dr Reddy, Larsen & Toubro, Titan, Infosys and Tata Steel while the top laggards were Adani Enterprises, Adani Ports, Mahindra & Mahindra, Kotak Bank and Maruti. Bank Nifty fell 7.95 pts or 0.02% to 39,556.75.

Bloodbath on Dalal Street: Sensex crashes 900 points as bank ... (India Today)

The S&P BSE Sensex crashed 897.28 points to settle at 58237.85, while the NSE Nifty 50 plunged to 17154.30 after shedding 258.60 points.

Analysts have said that the measures introduced are enough to limit the crisis and global markets will recover in the near-term. However, they do not believe that the shutdown of the two banking stocks will have any long-term impact on the domestic financial system. Economists said inflation eased marginally in February, but remained above the RBI’s comfort zone. The other losers were SBI, Tata Motors, M&M and Adani Ports. Panic was seen in the broader markets as well, with small and midcap indices plunging deep into negative territory. A sharp spike in volatility due to weak global cues impacted domestic equities, especially banking stocks.

Market LIVE Updates: Indices extend losses, Nifty around 17000; all ... (Moneycontrol.com)

Stock Market LIVE Updates: Metal index up 0.5 percent, while IT and PSU bank indices down 1 percent each.

With the help of the Salesforce technology being implemented, Air India will be able to track customer interactions across its contact centre, mobile app, website, chatbot, email, social media, and other channels, providing a single source of truth for both customer requests and issues. One of the biggest benefits of this technology rollout is the availability of a 360 degree view of customers in a unified customer data platform that enables Air India to deeply understand its customers. Air India announced a partnership with Salesforce on March 14 with the aim of transforming its customer service technology stack.

Stock Market Live: Sensex slides 400 points, Nifty 50 below 17050 (CNBCTV18)

Share Market LIVE Updates: Indian equity benchmarks NSE Nifty 50 and BSE Sensex opened flat on Tuesday. Losses in IT shares kept the indices under pressure, ...

The index is down for the fourth straight session. BPCL, Tata Steel and L&T, up 0.8 to 1.7, are the top gainers. Tata Steel, L&T, Sun Pharma, up 1.2 to 0.5 percent, are the top index gainers. The Nifty Bank index is down one percent or 387 points from its previous close at 39,177.7. 22 stocks in the 30-share index are trading with losses, with Tech Mahindra, Wipro and Bajaj Finance, down two to 1.5 percent, being the top losers. Infosys contributing 11.5 points to the downside The shares are trading below 20-day, 50-day, 100-day and 200-day moving averages. The company will also consider a final dividend payout for shareholders at its board meeting then. Adani Enterprises, Adani Ports and HCL Tech, down 2.7 to 8.3 pecent, are the top losers. Infosys will announce its March quarter earnings on April 13, 2023, the company said in an exchange filing. Infosys contributing 10.5 points to the downside "Banks remains in a very solid position, credit growth is growing, last four or five quarters earnings growth is very well placed, current interest rate environment only helps them.

YES Bank stock: Is price correction enticing enough for D-Street ... (The Economic Times)

While the 3-year lock-in expiry paves the way for lenders such as State Bank of India, and many others to offload stake in YES Bank, reports said that the ...

[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). [D-St Indices Tank 1.5%; Bank Shares Lead Selloff](/epaper/delhicapital/2023/mar/14/et-front/d-st-indices-tank-1-5-bank-shares-lead-selloff/articleshow/98615755.cms) Of this, over $4-5 billion was in the last five years. The losses in broader markets were bigger than in frontline stocks. The Sensex and [Nifty](/indices/nifty_50_companies)logged their biggest single-day losses in over a month, led by a drop in bank shares. "Will the US Federal Reserve raise interest rates by 50 basis points at the March meeting? The NSE Midcap 150 index fell 1.8% while the Smallcap 250 index declined 2.1%. Earlier in the day, US President Joe Biden sought tougher banking regulations in the US and assured US residents to have confidence in the country's financial system. "Maybe the Fed will keep interest rates on hold, or raise rates by 25bps, but markets will remain volatile till the overall situation normalises." "Riskier investments will get left out and investors will become more choosy. HSBC agreed to acquire Silicon Valley Bank's British arm for 1 pound in a deal that will protect customer deposits. In the previous three sessions, benchmark indices have declined over 3.5% and wiped out over ₹7.6 lakh crore in investor wealth.

Sensex falls 900 pts; Nifty ends 260 pts lower; Bank, Auto, Media ... (Livemint)

Share Market Close: Indian benchmark indices closed in the red as Sensex ends below 58500 and Nifty below 17200. Tech Mahindra jumped, while IndusInd Bank, ...

Wall Street's indexes ended down more than 1% on Friday after investors ran for the exits as they feared for the health of U.S. State Bank of India (SBI), for instance, is offering a home loan rate of 8.5% for customers with a credit score of above 750. Siddhartha Mohanty, MD of Life Insurance Corporation (LIC) has been given a 3-month charge as chairman, from March 14. The petition submitted to US Secretary of the Treasury Janet Yellen noted that one-third of the startups in Y Combinator's community use Silicon Valley Bank as their only account. It also said that the company will appoint Mohit Joshi as a director on the board of directors of the company. (PTI) That would be slower than 6.52% in January but still above the comfort level of the Reserve Bank of India, which aims to bring inflation closer to the mid-point of its 2%-6% target. However, after rallying to the tune of 600 per cent the small-cap company announced a stock split in a 1:5 ratio. The net balance figure is calculated by deducting the percentage number of survey respondents expecting a deterioration/decrease in a variable over the next twelve months from the percentage number of survey respondents expecting an improvement/increase. The nine listed companies forming part of Adani Group witnessed a decline of around 60 per cent of market capitalisation from January 24, 2023, till March 1, 2023, subsequent to the report published by Hindenburg Research," Chaudhary said. Media and Auto also shed more than 2% each in today's session. However, Bank stocks faced the heat as all bank indices dropped more than 2%.

Nifty ends below 200DMA for 2nd consecutive session (bizzbuzz)

The Bank Nifty was the top loser with 2.27 per cent, followed by the Auto index with 2.24 per cent. All the sector indices closed negatively. Nifty Energy ...

The weekly MACD declined below the zero line, showing a fresh breakdown. The RSI declined below the 40 zone, and the MACD has given a fresh bearish signal. As the index closed below the previous swing low, the status changed to a confirmed downtrend from Rally Attempt. The Nifty closed below the 28th February low or the prior swing lows. The Nifty broke all meaningful supports and closed below the 200DMA for the second consecutive day. The Bank Nifty was the top loser with 2.27 per cent, followed by the Auto index with 2.24 per cent.