Stock Market LIVE Updates: Key Highlights

• Market Performance:
  • Nifty 50 closed at 22,509.65, and Sensex ended at 74,169.95.
  • Nifty 50 is 3,767.7 points below its record high of 26,277.35.
  • The index has been stuck in a 22,300 – 22,600 range for six sessions.
• Global Markets:
  • Wall Street closed higher overnight.
  • Asian stocks were also in the green.
• Stocks in Focus:
  • LIC, Ircon, Vedanta, Manappuram Finance, Star Cement, IREDA, Bajaj Finserv, JM Financial, Shilpa Medicare, NBCC.
• Top Gainers:
  • ICICI Bank, Hindalco, Shriram Finance.
  • Mastek surged 13%, leading Midcap IT stocks.
  • Metal stocks up: Hindalco and Nalco gained over 2% each.
• Stock Recommendations:
  • Buy Cipla: Target ₹1,525, Stop Loss ₹1,478.
  • Buy PI Industries: Target ₹3,480, Stop Loss ₹3,320.
  • Buy ICICI Bank: Target ₹1,295, Stop Loss ₹1,259.
  • Buy Adani Green: Target ₹935, Stop Loss ₹879.
• Major Developments:
  • HUDCO signed an ₹11,000 crore loan deal with Andhra Pradesh’s Capital Development Authority.
  • EIL won a ₹253 crore EPCM contract from Numaligarh Refinery.
  • Insolation Energy secured a ₹372 crore LoA from Rajasthan Renewable Energy Corp.
• Brokerage Calls:
  • Macquarie expects Devyani International stock to double by FY28.
  • UBS maintains ‘Buy’ rating on HAL, but cuts target price to ₹4,800.
• Currency & Commodities:
  • Rupee opened at ₹86.76 per USD, closed at ₹86.8 on Monday.
  • Oil prices steady amid China demand and geopolitical risks.
• Upcoming Events:
  • March 20: Manappuram Finance board meeting.
  • March 24: First SEBI board meeting under new chief.
  • March 27: US GDP third estimate release.

Would you like me to simplify any specific section further? 😊