Stock Market Updates: Market opened with a fall, today’s top 5 shares on which investors will be eyeing

Strong selling is being seen in the domestic stock market amid weak global cues. In today’s business, both the Sensex and Nifty indices are down. The Sensex has weakened by about 550 points. In early trade today, the Sensex is showing a decline of 521.87 points, or 0.90 per cent, at the level of 57,468.03. At the same time, the Nifty is showing a decline of 157.65 points i.e. 0.92 percent at the level of 16,945.55. BPCL, DRREDDY, HINDUNILVR, ONGC, DIVISLAB are in the green, ie with gains, while ADANIENT, APOLLOHOSP, HINDALCO, TECHM, TATAMOTORS, most of the sectoral indices on Nifty are in the green.

In today’s business, there is selling in most of the sectors. Metal and IT index on Nifty has weakened more than 1 percent. Today i.e. on March 20, 2023, some stocks are ready to show action in a volatile market. These stocks can remain in focus in the market today. If you are looking for better stocks in intraday then you can keep an eye on these.

HDFC

The Reserve Bank of India has imposed a penalty of Rs 5 lakh on HDFC for non-compliance of certain housing finance directions issued by the National Housing Bank (NHB). HDFC Capital Advisors, a subsidiary of the corporation, entered into a share subscription agreement to acquire 3,59,436 compulsorily convertible preference shares (CCPS) of Enviro Enablers India, which is engaged in waste management services?

RIL

Reliance Industries and its partner BP Plc have resumed auctions for the sale of natural gas from its eastern offshore field KG-D6 block. Both companies have taken this step after the government included new marketing rules to give priority at the level of supply to gas distribution companies supplying CNG and piped cooking gas. According to the tender notice, Reliance and its partner BP Exploration (Alpha) Ltd. (BPEAL) will sell 60 lakh cubic meters per day of gas under the proposed auction scheme on April 3.

NTPC

Public sector NTPC connected the fourth unit of 660 MW capacity of the Barh power station in Patna district to the grid on Sunday morning. This is likely to supply 405 MW additional power to Bihar. The state-of-the-art flood power project in Bihar has a total installed capacity of 3,300 MW consisting of 5 units of 660 MW each.

Bank of Baroda

Public sector Bank of Baroda (BoB) has increased the interest rate on domestic retail term deposits by 0.25 per cent. Interest rates have been increased on select term deposits. These rates will be applicable for deposits of less than Rs 2 crore. The new rates have come into effect from March 17, 2023. Interest rates have also been increased on Bank of Baroda Tax Saving Term Deposit and Baroda Advantage Fixed Deposit. The interest rate on deposits for a period of three years to five years will now be 6.5 per cent. In the case of Indian senior citizens, it is 7.15 per cent.

L.I.C.

The Financial Services Institutions Bureau (FSIB), which selects heads of public sector banks and financial institutions, is likely to select the new chairman of insurance company LIC this month. Sources said that the chairman will be selected from among the four managing directors of the company. If all the members of the committee are present then the bureau can conduct the interview for this post by the end of next week.