Stock Market Live Updates: Nifty Rally 275 Pts To 22,780 Mark, Sensex Jumps Over 900 Pts; L&T Top Gainer

The stock market opened on a strong note today, driven by positive cues from international markets. The BSE Sensex surged 346 points at the opening, reaching 74,516, while the Nifty 50 jumped 148 points to start the session at 22,657.

Early Trends from the GIFT Nifty futures this morning Indicates a Gap-Up Opening for the stock market. As of 8:15 AM, GIFT Nifty was trading around 22,748, up 0.03%, signaling a positive start. On Monday, the Indian equity benchmark indices closed higher, providing some relief to Dalal Street investors.

The BSE Sensex gained 341.04 points (0.46%) to settle at 74,169.95, while the Nifty 50 advanced 111.55 points (0.50%) to 22,508.75. Despite opening on a weak note, markets witnessed a sharp early-session recovery before transitioning into a gradual decline with range-bound movement. However, strong global cues helped indices end the session on a positive note.

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Mar 18, 2025, 2:33 pm IST

CRISIL: Expecting a better CY25/26

“CRISIL’s consolidated revenue growth can meaningfully improve through CY25-26 with growth turnaround in GR&RS and sustained momentum in other business segments. There is margin improvement play across businesses with no significant challenges on cost/people side. We estimate 100 bps EBITDA margin expansion over next two years and company’s margin performance in the later part of CY24 is a strong indication. CRISIL’s valuation is sensitive to growth and margin outlook, which would become better through CY25. Upgrade our rating to BUY with the stock trading at 40x 1-year rolling fwd. P/E (near long-term mean valuation),” Yes Securities said.

Mar 18, 2025, 2:31 pm IST

Ethos: Maintained guidance; reiterate BUY

“Onboarding of new brands, opening of new stores in newer geographies, and ramp-up of newly opened stores in past 2-years will accelerate company’s growth going ahead. Hence, we expect Revenue/EBITDA/PAT growth of 22%/24%/25% respectively. At CMP, stock trades at P/E(x) of 37x on FY27E EPS of Rs67 and owing to strong growth going ahead, we have assigned a P/E(x) of 60x on FY27E EPS, arriving at a target price of Rs4,011. Hence, we maintain our BUY rating on the stock,” Yes Securities.

Mar 18, 2025, 2:29 pm IST

Signature Global Shares In Focus

In order to buy shares of Signature Global (India) Ltd, broking company Nuvama has set a target price of Rs 1,436—a 35% premium over the existing market price. The stock was selling at Rs 1,062.95 per share as on March 17, 2025, when the market closed.

Mar 18, 2025, 2:25 pm IST

Economy Update: Merchandise Trade | Calm before the tariff storm

“Sharp improvement in India’s trade balance to USD 14.1Bn in Feb-25 is on the back of broad-based weakness in trade activity and steep decline in imports. The sluggishness may be indicating muted consumption demand globally as well as traders postponing their dealings before the higher tariffs are in place. OECD projects higher tariffs to drag global growth while inflationary pressures are expected pick up pace in next three years which would lead to a gradual monetary policy easing. We would avoid extrapolating current comfortable position, as the actual impact on trade would be evident once the tariff policies are in place. Hence we maintain our CAD expectation at 1.4% of GDP for FY26,” said Hitesh Suvarna of JM Financial Institutional Securities.

Mar 18, 2025, 12:51 pm IST

Initiating Coverage: Baazar Style Retail | Hitting the right notes

“Style Baazar is a leading value fashion retailer with a strong presence in Eastern India offering a one-stop-shop family experience with comprehensive product offerings at affordable prices. The company was established in Jun’13 and has rapidly expanded its retail footprint to 199 stores covering over 1.8mn sqft across 170 cities as of Dec’24; 75%+ of its stores are located in Tier2/3/4 towns. It has product offerings in Apparels and General merchandise, with Apparels constituting ~85% of its overall offerings and a private label share of 40% in the overall mix. We expect Style Baazar to deliver Revenue/EBITDA/PAT (Pre Ind AS 116) CAGR of 30%/36%/50% over FY24-27E and RoE/ROIC to improve from 14%/11% in FY24 to 22%/19% by FY27 led by improving profitability and reducing working capital days. The EPS (Pre Ind AS 116) in FY25 is expected to increase by 32% to INR 6.6 vs. a 5% decline in Post Ind AS EPS due to (i) higher ROU depreciation and lease liability interest on aggressive store addition plans of ~55 stores in FY25 vs. only 15-30 stores earlier, and (ii) buyout of 3 lease stores in FY24 leading to lease reversal. We believe, this is also one of the key reason for Style Baazar’s low valuations as reported numbers optically look weak but are strong on Pre Ind AS basis. We initiate coverage on Style Baazar Limited with a BUY rating and a TP of INR 400 (30x FY27 EPS – Pre Ind AS). The stock is trading at ~10x FY27 EV/EBITDA and ~17x FY27 EPS (Pre Ind AS 116) which is a discount of 20-65% and 40-70% on P/E and EV/EBITDA basis respectively. Consistent execution, improving profitability and working capital days can lead to further re-rating of the stock,” said Gaurav Jogani of JM Financial Institutional Securities.

Mar 18, 2025, 12:00 pm IST

Gold Rate In India Hits Historic Rs. 90,000 Mark For 24-Carat; Silver Rises Rs. 1100

As of March 18, 2025, the 22-carat gold price in India has risen sharply by Rs. 400 to cost Rs. 82,500. While the 24-carat gold rate spiked by Rs. 440 per 10 grams to retail at Rs. 90,000. In a similar line, the lower-value variant of gold, 18-carat gold rates in India, jumped by Rs. 320 to cost Rs. 67,500.

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Mar 18, 2025, 11:40 am IST

Stock Market Today LIVE: Ircon shares up after fresh order win

Stock Market Today LIVE: Ircon shares are trading 5% higher at Rs 146.00 per share on BSE on Tuesday at 11:40 am after the company secured a fresh order win. Ircon on Monday announced that it finalised a deal worth Rs 1,096 crore for the construction of a new secretariat complex in Shillong by the government of Meghalaya.

Mar 18, 2025, 11:37 am IST

Stock Market Today Live: HUDCO signs Rs 11,000 crore loan agreement with Andhra government entity

Stock Market Today Live: HUDCO on Tuesday announced its deal with Andhra Pradesh Capital Region Development Authority (APCRDA) for Rs 11,000 crore. The deal included the approval of a proposal of a term loan of Rs 11,000 crore to APCRDA for the new capital city Amravati. The agreement was signed by the two entities on March 16, the company said in its stock exchange filing.

Mar 18, 2025, 11:11 am IST

Stock Market Today Live: Mahindra acquires MBTICM constituting 57% of its paid-up equity share capital,

Stock Market Today Live: Mahindra and Mahindra acquires shares of Mahindra – BT Investment Company. The company on Tuesday announced that it has completed the execution of a share purchase agreement with Mahindra Overseas Investment Company (Mauritius) Limited, a wholly owned subsidiary of the Company (“MOICML”) and Mahindra – BT Investment Company (Mauritius) Limited. Mahindra has agreed to acquire 67,71,600 Equity Shares of MBTICM constituting 57% of its paid-up equity share capital from MOICML. The company stock was trading 2% higher on BSE at Rs 2764.15 per equity share on Monday at 11:12 am

Mar 18, 2025, 10:44 am IST

Stock Market Today Live: HDFC Bank, ICICI Bank, TCS, Reliance most active stocks on NSE

Stock Market Today Live: HDFC Bank, ICICI Bank, TCS, Reliance, IndusInd Bank shares were among the most active stocks on NSE. Around 23 stocks have touched their 52-week high mark, whereas, 140 stocks are trading below their 52-week low mark.

Mar 18, 2025, 10:35 am IST

Stock Market Today Live: Bajaj Finserve shares drop 2% in early trade after acquisition of Allianz's stake in JV

Stock Market Today: Bajaj Finserve share price dropped nearly 2 per cent after the company announced its acquisition of Allianze's 26% stake in Bajaj Allianz Life and General Insurance. The company share were trading 1.33% lower at Rs 1846.95 per share on BSE at 10:30 am on Tuesday.

Mar 18, 2025, 10:25 am IST

Stock Market Today Live Updates: ICICI Bank, Hindalco, LT among top gainers

Stock Market Today Live Updates: As the Indian stock market opened on a strong note on Tuesday, ICICI Bank, Hindalco, Larsen and Toubro, Mahindra and Mahindra, Shriram Finance have emerged as the top gainers

Mar 18, 2025, 9:44 am IST

Stock Market Live Updates: Insolation Energy Limited Secures ₹372.2 Crore Solar Projects from RREC and Teerth Gopicon

Insolation Energy Limited has been awarded a Letter of Award (LOA) by Rajasthan Renewable Energy Corporation Limited (RREC) for design, supply, erection, testing, and commissioning of rooftop solar systems on State Government buildings and undertakings in Rajasthan. The project, awarded under the Hybrid Annuity Mode, spans across Jaipur, Dausa, and Churu districts, with a total contract value of ₹340.20 crores. It also includes a comprehensive operation and maintenance contract for 25 years from the date of commissioning.

Mar 18, 2025, 8:47 am IST

Stock Market Live Updates: Asian Markets Extend Gains

Asian stocks continued their upward momentum for the third consecutive day on Tuesday. Investors are optimistic about economic recovery and policy support in major economies which is driving positive sentiment across the region. Japan’s Nikkei 225 led the gains, rising 1.46% to close at 37,943.23, as tech and export-driven stocks saw strong buying interest. Meanwhile, Hong Kong’s Hang Seng Index (HSI) surged 2.1% to 24,652.97, boosted by renewed confidence in Chinese technology firms. China’s Shanghai Composite inched up 0.12% to 3,430.11, while the Shenzhen Composite gained 0.24% to 10,983.95. South Korea’s Kospi climbed 0.29% to 2,618.21, and Australia’s ASX 200 edged 0.13% higher to 7,864.1.

Mar 18, 2025, 8:46 am IST

Stock Market Live Updates: US Indices End Higher

Wall Street stocks closed higher on Monday despite mixed economic data, with major indices posting gains. The Dow Jones Industrial Average (DJIA) rose 353.45 points (0.85%) to close at 41,841.63, while the Nasdaq Composite gained 54.58 points (0.31%) to settle at 17,808.66. The S&P 500 also advanced, adding 36.19 points (0.65%) to finish at 5,675.12.

Mar 18, 2025, 8:46 am IST

Stock Market Live Updates: Market In The Previous Close

On Monday, the stock market opened on a weak note but gradually recovered throughout the day. The BSE Sensex climbed 341.04 points (0.46%) to close at 74,169.95, while the Nifty 50 gained 111.55 points (0.50%) to settle at 22,508.75.

Mar 18, 2025, 8:46 am IST

Stock Market Live Updates: Sensex & Nifty in Focus

Good morning! Welcome to our Stock Market Live Blog, your go-to source for real-time updates from Dalal Street. As the Sensex and Nifty set the tone for today's trading session, we bring you the latest market trends, key movements, and expert insights to help you stay ahead.