iifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Markets in Green

22 Mar 2023 , 02:19 PM

In the afternoon trading session on Tuesday, Indian shares saw an upsurge, largely attributed to the temporary relief from Credit Suisse’s rescue, although concerns about contagion in the banking sector persisted.

The positive trend was also influenced by the improvement in global markets following the reduction of concerns surrounding the banking crisis, which was facilitated by UBS’ state-supported acquisition of Credit Suisse.

However, brokerages’ warnings of constraints on discretionary technology spending in the short term due to ongoing banking difficulties in developed markets cracked IT stocks by 1%, leading to market caution.

Nifty Bank, Financial Services, Oil & Gas, and Media are trading with about 1% gains each.

At around 2.00 PM, BSE Sensex is trading 417 points higher at 58,046 points. NSE Nifty is up by 118 points at 17,110.

On the nifty index, HDFC Life is trading 4% higher, being the top gainer. Reliance Industries, Adani Enterprises, and Bajaj Auto are trading with ~3% uptick. Titan joined the rally with a 2% gain.

On the loser’s chart, Power Grid is on top (-1.80%), followed by Hindustan Unilever (-1.36%). Tech Mahindra (1.17%), Britannia (-1.08%), and TCS (-0.83%) are trading down by 1%.

A total of 32 stocks advanced, and 18 declined on the Nifty index today.

For feedback and suggestions, write to us at editorial@iifl.com

explored-media

 

Related Tags

  • BSE
  • nifty
  • NSE
  • sensex
  • stock market
  • stock market news
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.