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Stock Market Closing Bell: Nifty ends below 17,000, Sensex falls -0.59%, -344 pts.

Stock Market Closed at 03:30PM

On March 15, the Indian benchmark indices experienced high volatility and closed lower, with Nifty falling below 17000. The Sensex ended down by 344.29 points or 0.59% at 57,555.90, while the Nifty ended down by 71.10 points or 0.42% at 16,972.20. Of the total shares traded, 1508 advanced, 1924 declined, and 119 remained unchanged. The biggest losers on the Nifty were Bharti Airtel, IndusInd Bank, Reliance Industries, HUL, and Nestle India, while Adani Enterprises, Adani Ports, Asian Paints, Tata Steel, and Titan Company were among the gainers. Except for the metal, pharma, and capital goods sectors, all other sectoral indices ended in the red. The BSE midcap and smallcap indices ended on a flat note. The Indian rupee ended lower at 82.60 per dollar compared to the previous close of 82.49.

Stock Markets at 02:40 PM

Domestic markets slipped into the negative zone in noon deals today, owing to weakness in FMCG stocks and index heavyweights Reliance and Bharti Airtel. While the BSE Sensex touched a high of 58,474, it slipped into the red to a low of 57,849, and was now trading flat around the previous day’s close. The NSE Nifty 50 was seen testing the 17,050 level. Broader indices, however, held gains up to 0.5%. The volatility index, India VIX, slipped 5%. In individual stocks, Maruti Suzuki India (MSIL) gained 2% after the company’s promoter, Suzuki Motor Corporation, bought over 3 lakh shares of the company worth about Rs 300 crore via the open market. Furthermore, NBCC (India) shares rallied over 3% after securing a Rs 500 crore work order to construct the Government Medical College and Hospital at Karaikal, Puducherry.

Stock Markets at 01:30 PM

In today’s stock market updates, the S&P BSE Sensex witnessed a minor decline of 0.03% or 20.16 points to stand at 57,880.03 as of 13:21 on 15th March 2023. The market saw a volatile session with mid and smallcap indices outperforming and trading up 0.5% each. However, the benchmark indices erased all the intraday gains and were trading flat. The Sensex was up by 31.41 points or 0.05% at 57,931.60, and the Nifty rose by 23.20 points or 0.14% at 17,066.50. There were 1870 shares that advanced, 1317 shares declined, and 121 shares remained unchanged.

Markets at 11 AM

As of 11:02 on March 15, 2023, the S&P BSE Sensex was trading at 58,115.22, showing an increase of 215.03 points or 0.37% from its opening value.

Markets at 10:30AM

As of 10:23 on March 15, 2023, the S&P BSE Sensex was at 58,266.57, up by 366.38 points or 0.63%. The index had opened at 58,268.54, with the previous day’s closing being 57,900.19. The Sensex had a high of 58,473.63 and a low of 58,157.08.

Market At 10AM

The Indian stock market had a positive start on Wednesday, with the Sensex index surging over 350 points and the Nifty index rising above 17,150 points. The gains were driven by positive global cues, with Asian markets trading in the green, including Japan and Hong Kong.

In the US and Europe, markets ended Tuesday’s trading session with gains, as the latest inflation data from the US suggested that price pressure may be easing.

On Wednesday, the Sensex index surged by 440.04 points or 0.76%, reaching 58,340.23 points, while the broader Nifty index rose by 109.60 points or 0.64%, reaching 17,152.90 points. Among the Sensex constituents, 28 stocks, including Maruti Suzuki, TCS, and Reliance, were trading in the positive territory, while in the Nifty pack, 45 stocks gained.

Markets Open at 9:16AM

On March 15, the Indian stock market opened positively, with the Nifty index hovering around 17,200 points. As of 09:16 IST, the Sensex index was up by 565.24 points or 0.98%, reaching 58,465.43, while the Nifty index had risen by 164.70 points or 0.97%, reaching 17,208.

Out of the total shares traded, 1450 advanced, 389 declined, and 85 remained unchanged. Adani Enterprises, Adani Ports, IndusInd Bank, Maruti Suzuki, and Bajaj Finserv were among the major gainers on the Nifty, while Bharti Airtel, Sun Pharma, SBI Life Insurance, and ONGC were among the losers.

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