iifl-logo

Invest wise with Expert advice

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

sidebar image

Markets in mixed spirits; Nifty under 17,000

16 Mar 2023 , 02:05 PM

In the Thursday afternoon session, the Indian stock markets exhibited instability due to uncertain investor confidence globally. This was prompted by Credit Suisse, a leading European financial institution, exacerbating concerns regarding a potential financial sector crisis.

On the sectoral front, the Nifty metal pack is trading ~3% lower. Nifty Bank, Financial Services, and IT also lost about 1%.

Nifty Media index gained about 4%, driven by an over 6% uptick in Zee Entertainment’s stock as the company has agreed to repay dues owed to IndusInd Bank.

At around 2.00 PM, BSE Sensex is trading 41 points lower at 57,514 points. NSE Nifty is trading marginally down at 16,967 points.

On the Nifty index, BPCL (+5.80%) is trading with the highest upside of ~6%. Nestle India (+2.38%), Asian Paints (+2.09%), Titan (+1.91%), and Sun Pharma (+1.75%) are trading about 2% higher.

Hindalco is the top NSE loser, sinking over 5%. Tata Steel plummeted around 4%. JSW Steel (-2.89%) and IndusInd Bank (-2.87%) put some pressure on the chart with about a 3% downside. Infosys (-1.23%) also trading nearly ~1% down.

A total of 24 stocks advanced while 26 declined on the Nifty index, indicating mixed investor sentiment in the market.

Globally, at the beginning of trading on Thursday, European stock markets edged up following the news that Credit Suisse, a beleaguered bank, had secured a substantial financial rescue package.

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

explored-media

Related Tags

  • BSE
  • Market News
  • Media Stocks
  • nifty
  • Nifty Auto
  • Nifty Bank
  • nifty metal
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

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

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
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.