Sensex Today Trades Higher | Nifty Above 22,400 | AB Capital & Oracle Financial Services Jump 5%

Tue, 12 Mar 10:30 am

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Asian share markets nudged higher on Tuesday ahead of the influential US inflation report, while Japanese shares fell and the yen firmed on rising expectations that the Bank of Japan may be ready to exit ultra easy-monetary policy as early as next week.

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.2% higher, just shy of the seven-month high it touched on Friday.

US stocks ended mixed as investors counted down to crucial inflation data that will test bets on interest rate cuts.

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

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	138.94	2.65	1.94%	139.98	137.07	155.2	89.94
Apple	172.75	2.02	1.18%	174.38	172.05	199.62	147.7
Meta	483.59	-22.36	-4.42%	497.32	476	523.57	174.82
Tesla	177.77	2.43	1.39%	182.87	174.8	299.29	152.37
Netflix	600.93	-3.89	-0.64%	611	600.37	624.42	285.33
Amazon	171.96	-3.39	-1.93%	174.47	171.47	180.14	88.12
Microsoft	404.62	-1.6	-0.39%	405.68	401.26	420.82	245.73
Dow Jones	38769.66	46.97	0.12%	38794.76	38483.25	39282.28	31429.82
Nasdaq	17951.69	-66.76	-0.37%	18003.05	17873.33	18416.73	11695.41

Source: Equitymaster

At present, the BSE Sensex is trading 423 points lower and NSE Nifty is trading 97 points higher.

TCS, ICICI Bank and Adani Ports are among the top gainers today.

ITC, Cipla and HUL 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 0.2% lower and the BSE Small Cap index is trading 1% lower.

Sectoral indices are trading mixed, with socks in IT sector, oil & gas sector and banking sector are witnessing buying. Meanwhile, stocks in realty sector and FMCG sector is witnessing selling pressure.

The rupee is trading at Rs 82.73 against the US dollar.

In commodity markets, gold prices are trading marginally lower at Rs 65,973 per 10 grams today.

Meanwhile, silver prices are trading flat at Rs 74,510 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:

BAT Prepares To Pare Stake In ITC

ITC shares will be in focus on 12 March as British American Tobacco (BAT) is preparing to offload a portion of its stake as soon as this week, as per reports.

The London-headquartered BAT, the largest ITC shareholder, has tapped Wall Street majors such as Bank of America and Citigroup to divest shares worth around US$ 2.5 billion (bn) via the block deal route.

These deals are often conducted at a discount to the current market price.

Details of the transaction could still change, and the launch of the offering may spill into next week, depending on market conditions.

The availability of such a huge block of shares means that prospective investors looking to buy a large quantity need not buy it from the open market and risk driving up the price.

A key challenge BAT faced in offloading a 4% stake in ITC is navigating the regulatory hurdles imposed by the Reserve Bank of India on foreign ownership in tobacco firms, which limits who can buy those shares.

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

Adani Group to Bid for AAI's Stake

The Adani Group is likely to place a bid to acquire the residual stake held by the Airports Authority of India (AAI) in the Mumbai International Airport.

Adani Group will bid for AAI's stake only if it gives the company a controlling stake and hence the company does not see Delhi, Bengaluru and Hyderabad airports as a proper suitor.

Adani group is a majority stakeholder in Mumbai International Airport Ltd - the company that runs Mumbai airport.

Adani group has bid aggressively for airports, and their decision to stay away from AAI's stake in other private airports would mean lower revenues for the government.

Apart from the Mumbai airport, the Adani group operates airports in Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram.

According to the National Monetisation Pipeline (NMP) - announced in August 2021 - the government plans to privatise a total of 25 AAI airports and sell AAI's stake in Delhi, Mumbai, Hyderabad, and Bengaluru airport companies.

The Adani group will bid for these 25 airports as and when they are up for grabs. The group will also invest about Rs 600 bn to expand the seven existing airports in its portfolio over the next 5-10 years. These investments will be in addition to the Rs 180 bn that the group plans to invest in Navi Mumbai airport.

For more details, check out Equitymaster's Indian stock screener, which shows all the Adani group companies' fundamental analysis on one screen.

Dig deeper into Adani group stocks.

Oil Price Rises

Oil prices rose in early Asian trading, but price moves were limited as the market waited for monthly reports from oil agencies.

Brent futures for May delivery rose 23 cents to US$ 82.44 a barrel by 0221 GMT. The US crude April contract rose 17 cents to end at US$ 78.1 a barrel.

Crude oil traded in a tight range as traders await demand estimates from the monthly reports by three key oil agencies.

Prices had been mostly unchanged on Monday as oil supply concerns tied to ongoing fighting in the Middle East eased.

Israel was checking on Monday if it had killed Hamas's deputy military leader in an airstrike in Gaza, as prospects faded for a ceasefire during the Muslim holy month of Ramadan. However, the war has not led to significant supply disruptions.

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!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

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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