Closing Bell: Market snaps budget rally; Nifty holds 17500 level
Closing Bell: Market snaps budget rally; Nifty holds 17500 level

Closing Bell: Market snaps budget rally; Nifty holds 17500 level

The Indian Indices settled on a bearish note during Thursday's trading session while ending the three-winning streak.

DSIJ Intelligence Article rating: 5.0

The Indian Indices settled on a bearish note during Thursday's trading session while ending the three-winning streak. A broad-based markets selloff dragged benchmarks Sensex and Nifty 50 with IT, banking and financial stocks falling the most out of all sectors. The Bankex index shed over 380 points. The Financials, Oil & Gas and Capital Goods index tumbled by more than 1 per cent each.

Budget celebration party comes to a halt; Sensex and Nifty close in red!
Budget celebration party comes to a halt; Sensex and Nifty close in red!

Budget celebration party comes to a halt; Sensex and Nifty close in red!

Sensex heavyweights bore the brunt. Pharma also came under the wind; while IT stocks also felt the selling pressure. A few stocks among BSE 500 however managed to trade in the green, defying the general market sentiment.

Shreya Banthia Article rating: 5.0

MAS Financial Services Ltd rallied 20 per cent on the back of a strong set of numbers for the December quarter. The NBFC reported a 13.44 per cent jump in consolidated PAT on a YoY basis at Rs 41.05 crore. The stock made an intraday high of Rs 565.70 and a low of Rs 487.90 to close at Rs 565.70. 

Nifty ends below 17,600; IT, realty, and NBFCs drag
Nifty ends below 17,600; IT, realty, and NBFCs drag

Nifty ends below 17,600; IT, realty, and NBFCs drag

It was a broad-based sell-off as Nifty Midcap and Nifty Smallcap ended in the red.

DSIJ Intelligence Article rating: 3.0

Nifty remained weak in the second half of the session. In the end, it closed about 1.37 per cent lower at 17,560.

Top 10 mutual funds to invest in for a ten-year period!
Top 10 mutual funds to invest in for a ten-year period!

Top 10 mutual funds to invest in for a ten-year period!

Do you intend to invest over the next ten years? Then your search is done since we have identified the top ten funds to invest in over the next ten years in this post.

DSIJ Intelligence Article rating: 3.7

Do you intend to invest over the next ten years? Then your search is done since we have identified the top ten funds to invest in over the next ten years in this post.

Intraday winner: TVS Motor gains nearly 5 per cent
Intraday winner: TVS Motor gains nearly 5 per cent

Intraday winner: TVS Motor gains nearly 5 per cent

Is this the beginning of the turnaround for the two-wheeler industry?

DSIJ Intelligence Article rating: 5.0

TVS Motor Company Ltd moved up from the opening price of Rs 622 to Rs 660 as of 12:18 pm today on the BSE, gaining about 5 per cent.

Budget 2022: FM unveils a bold budget – paves the path for sustained long term growth for India
Budget 2022: FM unveils a bold budget – paves the path for sustained long term growth for India

Budget 2022: FM unveils a bold budget – paves the path for sustained long term growth for India

While the budget is bold and balanced at the same time, it is the effective implementation of the budgetary allocation that will determine the path towards sustainable economic recovery.

DSIJ Intelligence Article rating: 5.0

Umesh Revankar, VC and MD, Shriram Transport Finance breaks down the finer points and the impact of Budget-2022 on India's growth story.

BLS International Services gains 4.24 per cent after stellar Q3 results
BLS International Services gains 4.24 per cent after stellar Q3 results

BLS International Services gains 4.24 per cent after stellar Q3 results

During Q3 FY22, the company received a full and final settlement with the Punjab government for the old contract, with this old Punjab contract receivables of Rs 67 crore are completely settled in the books.

DSIJ Intelligence Article rating: 5.0

BLS International, a trusted global tech-enabled services partner for governments and citizens. 

Shares of PDS Limited hit lifetime high post a strong Q3 performance!
Shares of PDS Limited hit lifetime high post a strong Q3 performance!

Shares of PDS Limited hit lifetime high post a strong Q3 performance!

With a unique business model, healthy growth momentum and improving financials, PDS Limited is firing on all cylinders

DSIJ Intelligence Article rating: 4.5

PDS Limited is one of the world’s largest design-led platforms offering product development sourcing, virtual manufacturing and supply chain platforms. It caters to about 200 plus leading retail and e-commerce brands like Zara, Walmart, Amazon, Mango, Top Shop, Jack Wills, Superdry, Myntra.

Mid-Day market movers; Blue Star, MAS Financial, Deepak Fertilisers zoom higher!
Mid-Day market movers; Blue Star, MAS Financial, Deepak Fertilisers zoom higher!

Mid-Day market movers; Blue Star, MAS Financial, Deepak Fertilisers zoom higher!

In the afternoon deals, broad market index BSE Sensex was trading 0.8 per cent down, erasing the upward streak which was there since January 28.

DSIJ Intelligence Article rating: 4.3

At 1 PM, while BSE 500 is down by 0.5 per cent, Blue Star, MAS Financial Services, Deepak Fertilisers and Petrochemicals Corporation were among the top 10 gainers of BSE 500.

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