Sensex Today Trades Flat | Nifty Below 22,500 | JM Financial & Tata Chemicals Sink 8%

Mon, 11 Mar 10:30 am

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Asian share markets followed Wall Street lower on Monday while the dollar looked vulnerable ahead of a reading on US inflation that could hasten, or delay, the start of global rate cuts.

MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.3%, after hitting an eight-month peak on Friday.

US stocks ended Friday's session softer on profit booking.

Here's a table showing how US stocks performed on Friday:

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	136.29	1.05	0.78%	138.99	134.8	155.2	89.94
Apple	170.73	1.73	1.02%	173.7	168.94	199.62	147.61
Meta	505.95	-6.24	-1.22%	523.57	499.35	523.57	174.82
Tesla	175.34	-3.31	-1.85%	182.73	174.7	299.29	152.37
Netflix	604.82	-3.69	-0.61%	616.09	600.84	624.42	285.33
Amazon	175.35	-1.47	-0.83%	178.79	174.33	180.14	88.12
Microsoft	406.22	-2.92	-0.71%	410.42	404.33	420.82	245.73
Dow Jones	38722.69	-68.66	-0.18%	38971.15	38705.03	39282.28	31429.82
Nasdaq	18018.45	-279.54	-1.53%	18416.73	17995.38	18416.73	11695.41

Source: Equitymaster

At present, the BSE Sensex is trading 130 points lower and NSE Nifty is trading 24 points lower.

Cipla, BPCL and ITC are among the top gainers today.

Tata Steel, Bajaj Auto and Tata Motors on the other hand are among the top losers today.

For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

Broader markets are trading mixed. The BSE Midcap index is trading 0.5% higher and the BSE Small Cap index is trading 0.4% lower.

Sectoral indices are trading mixed, with socks in realty sector, capital goods sector and FMCG sector are witnessing buying. Meanwhile, stocks in telecom sector and auto sector is witnessing selling pressure.

The rupee is trading at Rs 82.7 against the US dollar.

In commodity markets, gold prices are trading 0.1% lower at Rs 65,980 per 10 grams today.

Meanwhile, silver prices are trading flat at Rs 74,196 per 1 kg.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

Speaking of stock markets, does back of the envelope calculation work in a field like investing as well? Or is it a field where one is required to apply scientific rigor and precision?

Well, if you look at all the great investors like Ben Graham, Warren Buffett, and Peter Lynch, I don't think any of them applied complex mathematical formulae to evaluate their investments.

Co-head of Research at Equitymaster, Rahul Shah show how you can use a simple back-of-the-envelope calculation to decide whether a stock can be considered for investment or whether it should be rejected, in his latest video.

Tune in to the below video:

RVNL's Multiple Order Win

Rail Vikas Nigam (RVNL) announced that it has received an order from Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company (MPPKVVCL) and Himachal Pradesh State Electricity Board (HPSEBL), aggregating to Rs 11.4 billion (bn).

The company has received an order from Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company (MPPKVVCL) for the supply, installation, testing and commissioning of 11 KV line associated works such as 11 KV Line Bifurcation, 11 KV Line Interconnection, 11 KV Line Conductor Augmentation.

The said order is worth Rs 2.5 bn, and it is expected to be completed within 24 months.

Meanwhile, the company has received a Letter of Award (LoA) from Himachal Pradesh State Electricity Board (HPSEBL) for the development of distribution infrastructure at the south zone of Himachal Pradesh under the revamped reforms based and results-linked distribution sector scheme (loss reduction works).

The total cost of the project is Rs 8.9 bn, and it will be executed within 24 months.

Rail Vikas Nigam is in the business of executing all types of railway projects, including new lines, doubling, gauge conversion, railway electrification, and metro projects.

After rallying 75% in January, RVNL Plunges 17% In a month.

To know what's causing the dip, check out Why RVNL Share Price is Falling.

GAIL Slashes CNG Prices

GAIL and its subsidiary GAIL Gas Limited have announced a Rs 2.5/kg price reduction in Compressed Natural Gas (CNG) prices across 20 key locations in India where they operate on 9 March.

The price cut aims to make CNG more accessible and affordable for consumers, promoting the use of cleaner fuel options and sustainable transportation practices.

This move aligns with GAIL's commitment to providing environmentally friendly fuel solutions at competitive prices, supporting national efforts to combat pollution and reduce carbon emissions.

The decision comes at a time when the automotive industry is witnessing increased production and adoption of CNG vehicles by leading manufacturers like Suzuki Motors, Tata, Hyundai, and Mahindra.

GAIL's goal with this price reduction is to encourage the transition to cleaner transportation options for a sustainable future.

In addition to GAIL, other CGDs (City Gas Distribution companies) have also cut CNG prices recently.

State-run Mahanagar Gas (MGL) reduced prices by Rs 2.5/kg to Rs 73.5/kg on 5 March, citing a decrease in gas input costs.

Similarly, on 7 March, IGL lowered CNG prices by Rs 2.5/kg in Delhi and the National Capital Region (NCR).

These price cuts aim to make CNG more economical for consumers while reflecting changes in input costs.

SJVN Arm to Supply Solar Power

A subsidiary of state-owned power producer SJVN, SJVN Green Energy, has entered into a long-term pact to supply 600 MW of solar electricity to Rajasthan.

The Power Usage Agreement is for 500 MW of Solar Power from the Bikaner Solar Power Project, and the Power Purchase Agreement (PPA) is for 100 MW of Solar Power from the Rajasthan Solar Power Project, both for 25 years.

SJVN Green Energy Limited, a subsidiary of SJVN, signed a 500 MW Power Usage Agreement and a 100 MW Power Purchase Agreement with Rajasthan Urja Vikas and IT Services Limited (RUVITL) on 10 March 2024.

Under the Agreement, SGEL would supply 500 MW of power at a tariff of Rs 2.57 per unit from the 1,000 MW Bikaner Solar Power Project being developed by SGEL under Phase-II (Tranche-3) of the Central Public Sector Units Scheme.

The project is being developed for Rs 54.9 bn and is expected to be commissioned by 30 September 2024.

For more details, check out Why SJVN Share Price is Falling.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

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INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

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