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The Nifty50 index fell 9 points or 0.05% to 17,350, while the S&P BSE Sensex dropped 53 points or 0.09% to 58,938, as of 9.33 am.

Bosch shares on Friday ended at Rs 19,200 on the NSE and were up by Rs 222 or 1.17% from the previous closing price.Bosch Group is a global automotive supplier of technology and services in mobility solutions, industrial technology, consumer goods, and energy and building technology. It has 18 manufacturing sites and seven development and application centers

Pan-India average price is down 1% month-on-month in March 2023 and flat on the quarter-to-date basis in 4QFY23. The cement players attempted price hikes in February-March 2023 however, a significant portion of the hikes was reversed by offering discounts, incentives and price cuts. As a result, the all-India average cement price appears to be flat to marginally negative in 4Q v/s 3QFY23

​In the near term, equity markets will likely take cues from global trends and RBI monetary policy due later this week. Investors will also keep a close watch on FII inflows after relentless selling for the past few months

The Nifty Bank index was trading 0.04 per cent down at 40592.6.

Govt has kept prices unchanged at $8.6/mmbtu for now. Continued delay could create a near-term overhang for the city gas distribution (CGD) stocks. Top gas pick GAIL is also a key beneficiary of lower APM gas prices. The global investment bank continues to view stance of Govt towards CGD sector favourable.

Buy State Bank of India at a price target of Rs 529.8 and a stoploss at Rs 518.4 from entry point.

In the entire calendar year, the market has 15 annual holidays in 2023, two more than last year. Three of these holidays were covered in the first three months of the year on January 26, March 7 and March 20 for Republic Day, Holi and Ram Navami.

The stock traded at a P/E multiple of 37.05, while the price-to-book value ratio stood at 9.65.

As of 31-Dec-2022, promoters held 0.22 per cent stake in the company, while FIIs held 37.33 per cent and domestic institutional investors had 26.84 per cent.