Latest Stock Market News

The combined market capitalisation of five of the top-10 most valued firms declined by Rs 93,357.52 crore, with IT giants Infosys and Tata Consultancy Services taking the biggest hit, in line with a weak trend in domestic equities.

Drug maker Allchem Lifescience has filed preliminary papers with markets regulator Sebi seeking its approval to raise funds through an initial public offering (IPO). The Gujarat-based company s proposed IPO comprises fresh issue of equity shares aggregating up to Rs 190 crore and an offer for sale (OFS) of 71.55 lakh equity shares by promoters, according to the draft red herring prospectus (DRHP).

Indian markets closed lower on Thursday amid weak global cues. Sectorally, power and PSU stocks gained, while metals and autos declined. Analysts highlight crucial support levels for IDFC First Bank, Balaji Amines, and Astral.

Sensex declined 0.7% in the week ending March 13, with seven penny stocks falling between 15-21%. These stocks had a market cap under Rs 1000 crore, share price below Rs 20, and high trading volume.

EBIT measures a company’s core profitability, excluding interest and taxes. It helps assess operational efficiency, compare businesses, and evaluate financial performance.

Foreign investors continue to pull back money from the Indian equity market withdrawing a little over Rs 30,000 crore in the first fortnight of the month amid escalation in global trade tensions.

The EV to MCAP ratio assesses a company s valuation by factoring in debt and cash reserves. A high ratio signals high leverage or strong cash reserves, influencing investor perception and acquisition attractiveness.

Technology spending is now essential, with Indian IT firms poised for continued growth despite cyclic slowdowns. HDFC Technology Fund adopts a bottom-up approach, balancing industry leaders and disruptors. SaaS, AI, and fintech are expanding India s tech sector. While IT spending slowed post-pandemic, long-term growth remains intact. Quick commerce has potential profitability as competition stabilizes.

Nifty remains bearish, trading below key moving averages, with support at 22,000 and resistance at 22,800. Bank Nifty shows relative strength. ICICI Bank is resilient, while IndusInd Bank faces downside risks. MTNL surged on asset monetization news. Metals remain mixed, oil & gas under pressure. IT and consumer durables show long-term potential, with select mid-cap stocks attractive.

Warren Buffett advises investors to stay calm amid market volatility, quoting Kipling’s poem "If." With Nasdaq in correction and recession fears rising, he sees downturns as buying opportunities. Historical data supports patience, as bear markets average under 10 months. Buffett urges disciplined investing and long-term focus.