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The yield on the 10-year bond closed 2 bps lower at 7.01 % on Monday.
Source: Bloomberg
The yield on the 10-year bond closed 2 bps lower at 7.01 % on Monday.
Source: Bloomberg
The local currency strengthened by 2 paise to 82.77 against the U.S. Dollar.
It closed at 82.79 a dollar on Thursday.
Source: Bloomberg
Benchmark equity indices snapped their two day rally and closed lower due to losses in the shares of heavyweights HDFC Bank and Reliance Industries.
The Nifty ended lower after refreshing its lifetime high in the third consecutive session at 22526.60 points. The Nifty fell by 175.15 points or 0.78% to close at 22,318.40 and the Sensex lost 616.75 points or 0.83% to close at 73,502.64.
Intraday, the Sensex hit a high of 74,187.35 points.
"On daily charts, the index has formed bearish candle, which indicates temporary weakness is likely to continue in the near future, said Shrikant Chouhan, Head Equity Research, Kotak Securities. "However, the short-term texture of market is still in to the positive side.
He added that as long as the market is trading below 22425/73800 the weak sentiment is likely to continue.
"Below which, the market could slip till 22250-22000/73200-73000. On the flip side, technical pullback possible only after dismissal of 22425/73800," he said. "Above 22425/73800, the market could retest the level of 22500-22525/74000-74200."
Benchmark equity indices snapped their two day rally and closed lower due to losses in the shares of heavyweights HDFC Bank and Reliance Industries.
The Nifty ended lower after refreshing its lifetime high in the third consecutive session at 22526.60 points. The Nifty fell by 175.15 points or 0.78% to close at 22,318.40 and the Sensex lost 616.75 points or 0.83% to close at 73,502.64.
Intraday, the Sensex hit a high of 74,187.35 points.
"On daily charts, the index has formed bearish candle, which indicates temporary weakness is likely to continue in the near future, said Shrikant Chouhan, Head Equity Research, Kotak Securities. "However, the short-term texture of market is still in to the positive side.
He added that as long as the market is trading below 22425/73800 the weak sentiment is likely to continue.
"Below which, the market could slip till 22250-22000/73200-73000. On the flip side, technical pullback possible only after dismissal of 22425/73800," he said. "Above 22425/73800, the market could retest the level of 22500-22525/74000-74200."
Benchmark equity indices snapped their two day rally and closed lower due to losses in the shares of heavyweights HDFC Bank and Reliance Industries.
The Nifty ended lower after refreshing its lifetime high in the third consecutive session at 22526.60 points. The Nifty fell by 175.15 points or 0.78% to close at 22,318.40 and the Sensex lost 616.75 points or 0.83% to close at 73,502.64.
Intraday, the Sensex hit a high of 74,187.35 points.
"On daily charts, the index has formed bearish candle, which indicates temporary weakness is likely to continue in the near future, said Shrikant Chouhan, Head Equity Research, Kotak Securities. "However, the short-term texture of market is still in to the positive side.
He added that as long as the market is trading below 22425/73800 the weak sentiment is likely to continue.
"Below which, the market could slip till 22250-22000/73200-73000. On the flip side, technical pullback possible only after dismissal of 22425/73800," he said. "Above 22425/73800, the market could retest the level of 22500-22525/74000-74200."
Benchmark equity indices snapped their two day rally and closed lower due to losses in the shares of heavyweights HDFC Bank and Reliance Industries.
The Nifty ended lower after refreshing its lifetime high in the third consecutive session at 22526.60 points. The Nifty fell by 175.15 points or 0.78% to close at 22,318.40 and the Sensex lost 616.75 points or 0.83% to close at 73,502.64.
Intraday, the Sensex hit a high of 74,187.35 points.
"On daily charts, the index has formed bearish candle, which indicates temporary weakness is likely to continue in the near future, said Shrikant Chouhan, Head Equity Research, Kotak Securities. "However, the short-term texture of market is still in to the positive side.
He added that as long as the market is trading below 22425/73800 the weak sentiment is likely to continue.
"Below which, the market could slip till 22250-22000/73200-73000. On the flip side, technical pullback possible only after dismissal of 22425/73800," he said. "Above 22425/73800, the market could retest the level of 22500-22525/74000-74200."
Benchmark equity indices snapped their two day rally and closed lower due to losses in the shares of heavyweights HDFC Bank and Reliance Industries.
The Nifty ended lower after refreshing its lifetime high in the third consecutive session at 22526.60 points. The Nifty fell by 175.15 points or 0.78% to close at 22,318.40 and the Sensex lost 616.75 points or 0.83% to close at 73,502.64.
Intraday, the Sensex hit a high of 74,187.35 points.
"On daily charts, the index has formed bearish candle, which indicates temporary weakness is likely to continue in the near future, said Shrikant Chouhan, Head Equity Research, Kotak Securities. "However, the short-term texture of market is still in to the positive side.
He added that as long as the market is trading below 22425/73800 the weak sentiment is likely to continue.
"Below which, the market could slip till 22250-22000/73200-73000. On the flip side, technical pullback possible only after dismissal of 22425/73800," he said. "Above 22425/73800, the market could retest the level of 22500-22525/74000-74200."
Benchmark equity indices snapped their two day rally and closed lower due to losses in the shares of heavyweights HDFC Bank and Reliance Industries.
The Nifty ended lower after refreshing its lifetime high in the third consecutive session at 22526.60 points. The Nifty fell by 175.15 points or 0.78% to close at 22,318.40 and the Sensex lost 616.75 points or 0.83% to close at 73,502.64.
Intraday, the Sensex hit a high of 74,187.35 points.
"On daily charts, the index has formed bearish candle, which indicates temporary weakness is likely to continue in the near future, said Shrikant Chouhan, Head Equity Research, Kotak Securities. "However, the short-term texture of market is still in to the positive side.
He added that as long as the market is trading below 22425/73800 the weak sentiment is likely to continue.
"Below which, the market could slip till 22250-22000/73200-73000. On the flip side, technical pullback possible only after dismissal of 22425/73800," he said. "Above 22425/73800, the market could retest the level of 22500-22525/74000-74200."
Benchmark equity indices snapped their two day rally and closed lower due to losses in the shares of heavyweights HDFC Bank and Reliance Industries.
The Nifty ended lower after refreshing its lifetime high in the third consecutive session at 22526.60 points. The Nifty fell by 175.15 points or 0.78% to close at 22,318.40 and the Sensex lost 616.75 points or 0.83% to close at 73,502.64.
Intraday, the Sensex hit a high of 74,187.35 points.
"On daily charts, the index has formed bearish candle, which indicates temporary weakness is likely to continue in the near future, said Shrikant Chouhan, Head Equity Research, Kotak Securities. "However, the short-term texture of market is still in to the positive side.
He added that as long as the market is trading below 22425/73800 the weak sentiment is likely to continue.
"Below which, the market could slip till 22250-22000/73200-73000. On the flip side, technical pullback possible only after dismissal of 22425/73800," he said. "Above 22425/73800, the market could retest the level of 22500-22525/74000-74200."
Benchmark equity indices snapped their two day rally and closed lower due to losses in the shares of heavyweights HDFC Bank and Reliance Industries.
The Nifty ended lower after refreshing its lifetime high in the third consecutive session at 22526.60 points. The Nifty fell by 175.15 points or 0.78% to close at 22,318.40 and the Sensex lost 616.75 points or 0.83% to close at 73,502.64.
Intraday, the Sensex hit a high of 74,187.35 points.
"On daily charts, the index has formed bearish candle, which indicates temporary weakness is likely to continue in the near future, said Shrikant Chouhan, Head Equity Research, Kotak Securities. "However, the short-term texture of market is still in to the positive side.
He added that as long as the market is trading below 22425/73800 the weak sentiment is likely to continue.
"Below which, the market could slip till 22250-22000/73200-73000. On the flip side, technical pullback possible only after dismissal of 22425/73800," he said. "Above 22425/73800, the market could retest the level of 22500-22525/74000-74200."
Shares of HDFC Bank Ltd., Reliance Industries Ltd., ICICI Bank Ltd., Infosys Ltd., and State Bank Of India dragged the Nifty.
Meanwhile, those of Nestle India Ltd., Apollo Hospital Enterprises Ltd., Tata Consultancy Services Ltd., Cipla Ltd., and Bajaj Finserv Ltd. cushioned the fall.
All sectoral indices ended lower except Nifty Pharma which ended flat after hitting a new record high.
Broader markets ended lower. The S&P BSE Smallcap settled 2.07% lower, and the S&P BSE Midcap settled 0.24% lower.
On BSE, 19 sectors out of 20 declined, and one advanced. The S&P BSE Telecommunication was the top loser, while the S&P BSE Healthcare was the top gainer among sectoral indices.
Market breadth was skewed in favour of sellers. Around 3,030 stocks declined, 929 stocks advanced, and 123 remained unchanged on BSE.
Venus Remedies shares jumped after Bloomberg reported that its Baddi unit will supply UNICEF with Cephalosporin.
Venus Remedies shares jumped after Bloomberg reported that its Baddi unit will supply UNICEF with Cephalosporin.
Samvardhana Motherson Internation Ltd had 11.5 lakh shares or 0.02% equity changed hands in a large trade.
Buyers and sellers are not known immediately.
Source: Bloomberg
PSP Projects Ltd got work orders worth Rs 410.1 crore.
Source: Exchange Filing
The Nifty fell after hitting a fresh record high during the opening trade on Monday as shares of HDFC Bank Ltd., ICICI Bank Ltd., and Infosys Ltd. dragged. Sensex, likewise, was trading down.
At 12:19 p.m., the NSE Nifty 50 was trading 106.25 points, or 0.47%, lower at 22,387.30, and the S&P BSE Sensex was down 388.11 points, or 0.52%, at 73,731.28.
Intraday, Nifty hit a fresh record high of 22,526.60, and Sensex rose to touch 74,187.35.
"Market focus is now on the upcoming U.S. CPI and PPI reports, ahead of the crucial Fed FOMC meeting. Despite potential early tremors at Dalal Street, it's seen as an opportunity for long positions. Nifty technicals suggest a trading range between 21,500 and 23,000, with critical support and resistance levels identified. The market is also watching several IPOs launch this week amidst a backdrop of record SIP inflows, a weaker U.S. dollar, and falling Treasury yields," said Prashanth Tapse, senior vice president, research at Mehta Equities Ltd.
The Nifty fell after hitting a fresh record high during the opening trade on Monday as shares of HDFC Bank Ltd., ICICI Bank Ltd., and Infosys Ltd. dragged. Sensex, likewise, was trading down.
At 12:19 p.m., the NSE Nifty 50 was trading 106.25 points, or 0.47%, lower at 22,387.30, and the S&P BSE Sensex was down 388.11 points, or 0.52%, at 73,731.28.
Intraday, Nifty hit a fresh record high of 22,526.60, and Sensex rose to touch 74,187.35.
"Market focus is now on the upcoming U.S. CPI and PPI reports, ahead of the crucial Fed FOMC meeting. Despite potential early tremors at Dalal Street, it's seen as an opportunity for long positions. Nifty technicals suggest a trading range between 21,500 and 23,000, with critical support and resistance levels identified. The market is also watching several IPOs launch this week amidst a backdrop of record SIP inflows, a weaker U.S. dollar, and falling Treasury yields," said Prashanth Tapse, senior vice president, research at Mehta Equities Ltd.
The Nifty fell after hitting a fresh record high during the opening trade on Monday as shares of HDFC Bank Ltd., ICICI Bank Ltd., and Infosys Ltd. dragged. Sensex, likewise, was trading down.
At 12:19 p.m., the NSE Nifty 50 was trading 106.25 points, or 0.47%, lower at 22,387.30, and the S&P BSE Sensex was down 388.11 points, or 0.52%, at 73,731.28.
Intraday, Nifty hit a fresh record high of 22,526.60, and Sensex rose to touch 74,187.35.
"Market focus is now on the upcoming U.S. CPI and PPI reports, ahead of the crucial Fed FOMC meeting. Despite potential early tremors at Dalal Street, it's seen as an opportunity for long positions. Nifty technicals suggest a trading range between 21,500 and 23,000, with critical support and resistance levels identified. The market is also watching several IPOs launch this week amidst a backdrop of record SIP inflows, a weaker U.S. dollar, and falling Treasury yields," said Prashanth Tapse, senior vice president, research at Mehta Equities Ltd.
The Nifty fell after hitting a fresh record high during the opening trade on Monday as shares of HDFC Bank Ltd., ICICI Bank Ltd., and Infosys Ltd. dragged. Sensex, likewise, was trading down.
At 12:19 p.m., the NSE Nifty 50 was trading 106.25 points, or 0.47%, lower at 22,387.30, and the S&P BSE Sensex was down 388.11 points, or 0.52%, at 73,731.28.
Intraday, Nifty hit a fresh record high of 22,526.60, and Sensex rose to touch 74,187.35.
"Market focus is now on the upcoming U.S. CPI and PPI reports, ahead of the crucial Fed FOMC meeting. Despite potential early tremors at Dalal Street, it's seen as an opportunity for long positions. Nifty technicals suggest a trading range between 21,500 and 23,000, with critical support and resistance levels identified. The market is also watching several IPOs launch this week amidst a backdrop of record SIP inflows, a weaker U.S. dollar, and falling Treasury yields," said Prashanth Tapse, senior vice president, research at Mehta Equities Ltd.
The Nifty fell after hitting a fresh record high during the opening trade on Monday as shares of HDFC Bank Ltd., ICICI Bank Ltd., and Infosys Ltd. dragged. Sensex, likewise, was trading down.
At 12:19 p.m., the NSE Nifty 50 was trading 106.25 points, or 0.47%, lower at 22,387.30, and the S&P BSE Sensex was down 388.11 points, or 0.52%, at 73,731.28.
Intraday, Nifty hit a fresh record high of 22,526.60, and Sensex rose to touch 74,187.35.
"Market focus is now on the upcoming U.S. CPI and PPI reports, ahead of the crucial Fed FOMC meeting. Despite potential early tremors at Dalal Street, it's seen as an opportunity for long positions. Nifty technicals suggest a trading range between 21,500 and 23,000, with critical support and resistance levels identified. The market is also watching several IPOs launch this week amidst a backdrop of record SIP inflows, a weaker U.S. dollar, and falling Treasury yields," said Prashanth Tapse, senior vice president, research at Mehta Equities Ltd.
The Nifty fell after hitting a fresh record high during the opening trade on Monday as shares of HDFC Bank Ltd., ICICI Bank Ltd., and Infosys Ltd. dragged. Sensex, likewise, was trading down.
At 12:19 p.m., the NSE Nifty 50 was trading 106.25 points, or 0.47%, lower at 22,387.30, and the S&P BSE Sensex was down 388.11 points, or 0.52%, at 73,731.28.
Intraday, Nifty hit a fresh record high of 22,526.60, and Sensex rose to touch 74,187.35.
"Market focus is now on the upcoming U.S. CPI and PPI reports, ahead of the crucial Fed FOMC meeting. Despite potential early tremors at Dalal Street, it's seen as an opportunity for long positions. Nifty technicals suggest a trading range between 21,500 and 23,000, with critical support and resistance levels identified. The market is also watching several IPOs launch this week amidst a backdrop of record SIP inflows, a weaker U.S. dollar, and falling Treasury yields," said Prashanth Tapse, senior vice president, research at Mehta Equities Ltd.
The Nifty fell after hitting a fresh record high during the opening trade on Monday as shares of HDFC Bank Ltd., ICICI Bank Ltd., and Infosys Ltd. dragged. Sensex, likewise, was trading down.
At 12:19 p.m., the NSE Nifty 50 was trading 106.25 points, or 0.47%, lower at 22,387.30, and the S&P BSE Sensex was down 388.11 points, or 0.52%, at 73,731.28.
Intraday, Nifty hit a fresh record high of 22,526.60, and Sensex rose to touch 74,187.35.
"Market focus is now on the upcoming U.S. CPI and PPI reports, ahead of the crucial Fed FOMC meeting. Despite potential early tremors at Dalal Street, it's seen as an opportunity for long positions. Nifty technicals suggest a trading range between 21,500 and 23,000, with critical support and resistance levels identified. The market is also watching several IPOs launch this week amidst a backdrop of record SIP inflows, a weaker U.S. dollar, and falling Treasury yields," said Prashanth Tapse, senior vice president, research at Mehta Equities Ltd.
The Nifty fell after hitting a fresh record high during the opening trade on Monday as shares of HDFC Bank Ltd., ICICI Bank Ltd., and Infosys Ltd. dragged. Sensex, likewise, was trading down.
At 12:19 p.m., the NSE Nifty 50 was trading 106.25 points, or 0.47%, lower at 22,387.30, and the S&P BSE Sensex was down 388.11 points, or 0.52%, at 73,731.28.
Intraday, Nifty hit a fresh record high of 22,526.60, and Sensex rose to touch 74,187.35.
"Market focus is now on the upcoming U.S. CPI and PPI reports, ahead of the crucial Fed FOMC meeting. Despite potential early tremors at Dalal Street, it's seen as an opportunity for long positions. Nifty technicals suggest a trading range between 21,500 and 23,000, with critical support and resistance levels identified. The market is also watching several IPOs launch this week amidst a backdrop of record SIP inflows, a weaker U.S. dollar, and falling Treasury yields," said Prashanth Tapse, senior vice president, research at Mehta Equities Ltd.
Shares of Bharti Airtel Ltd., Bajaj Finserv Ltd., HCL Technologies Ltd., Nestle India Ltd. and Sun Pharmaceutical Industries Ltd. positively contributed to changes in the Nifty.
Whereas, HDFC Bank Ltd., ICICI Bank Ltd., Infosys Ltd., Larsen & Toubro Ltd., and State Bank of India weighed on the index.
On NSE, 11 sectors declined, and one advanced. The Nifty Media fell the most at 2%, dragged by PVR-Inox Ltd.
Nifty Pharma rose 0.74% to become the top performer.
Broader markets were trading lower on BSE. The S&P BSE Midcap fell 0.12% and S&P BSE Smallcap slipped 1.56% during midday trade on Monday.
On BSE, 19 of the 20 sectors declined, and one advanced. S&P BSE Telecommunication fell over 1% to be the top loser. S&P BSE Healthcare was the only sector trading in positive.
Market breadth was skewed in the favour of the sellers. Around 2,706 stocks fell, 1,104 stocks rose, and 150 remained unchanged on BSE.
NBCC's Unit HSCC received multiple construction orders worth Rs 368 crore.
Source: Exchange Filing
REC Ltd signed a pact with Rajasthan government to finance power, infrastructure projects.
REC is to finance projects worth Rs 20,000 crore annually for next 6 years in Rajasthan.
Source: Press Release
Dish Tv India Ltd had 31.1 lakh shares or 0.2% equity changed hands in a large trade.
Buyers and sellers are not known immediately.
Source: Bloomberg
Union Bank of India Ltd had 31.2 lakh shares or 0.04% equity changed hands in a large trade.
Buyers and sellers are not known immediately.
Source: Bloomberg
Zomato Ltd had 28.1 lakh shares or 0.03% equity changed hands in a large trade.
Buyers and sellers are not known immediately.
Source: Bloomberg
The shares of Rail Vikas Nigam Ltd. rose on Monday after the company received letter of award for two projects worth Rs 1,140 crore.
The scrip rose as much as 8.43% to 258 apiece, the highest level since Feb. 29. It pared gains to trade 3.78% higher at Rs 246.95 apiece, as of 12:21 p.m. This compares to a 0.51% decline in the NSE Nifty 50 Index.
It has risen 286.16% in the last 12 months. Total traded volume so far in the day stood at 1.5 times its 30-day average. The relative strength index was at 47.
Out of three analysts tracking the company, one maintains a 'buy' rating and two recommend a 'hold,' according to Bloomberg data. The average 12-month consensus price target implies an downside of 3%.
The shares of Rail Vikas Nigam Ltd. rose on Monday after the company received letter of award for two projects worth Rs 1,140 crore.
The scrip rose as much as 8.43% to 258 apiece, the highest level since Feb. 29. It pared gains to trade 3.78% higher at Rs 246.95 apiece, as of 12:21 p.m. This compares to a 0.51% decline in the NSE Nifty 50 Index.
It has risen 286.16% in the last 12 months. Total traded volume so far in the day stood at 1.5 times its 30-day average. The relative strength index was at 47.
Out of three analysts tracking the company, one maintains a 'buy' rating and two recommend a 'hold,' according to Bloomberg data. The average 12-month consensus price target implies an downside of 3%.
Jubilant Foodworks Ltd had 10 lakh shares or 0.2% equity changed hands in a large trade.
Buyers and sellers are not known immediately.
Source: Bloomberg
Power Grid Corp of India Ltd. signed a MoU with Rajasthan Rajya Vidyut Prasaran to incorporate JV for development of Intra State Transmission System.
The JV with RRVPNL to undertake projects worth up to Rs 10,000 crore in phased manner.
Alert: Company is to have 74% stake in JV & RRVPNL to have 26% stake.
Source: Exchange Filing
State Bank of India is directed to disclose the details by the close of business hours on 12th March 2024.
The lender's application seeking an extension of time until June 30 is rejected, Supreme Court said.
Election Commission of India shall compile this information on its official website, no later than 15th March 5:00 p.m.
State Bank of India is directed to disclose the details by the close of business hours on 12th March 2024.
The lender's application seeking an extension of time until June 30 is rejected, Supreme Court said.
Election Commission of India shall compile this information on its official website, no later than 15th March 5:00 p.m.
Neuland Laboratories Ltd fell as much as 11.17% to Rs 5,800, the lowest level since Jan 25. It was trading 9.32% lower at Rs 5,920.95 as compared to 0.31% decline in NSE Nifty 50 index.
It has gained 259.84% in 12 months. Total traded volume so far in the day stood at 2.1 times its 30-day average. The relative strength index was at 32.84.
One analysts tracking the company maintain a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target implies an upside of 26.2%.
Neuland Laboratories Ltd fell as much as 11.17% to Rs 5,800, the lowest level since Jan 25. It was trading 9.32% lower at Rs 5,920.95 as compared to 0.31% decline in NSE Nifty 50 index.
It has gained 259.84% in 12 months. Total traded volume so far in the day stood at 2.1 times its 30-day average. The relative strength index was at 32.84.
One analysts tracking the company maintain a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target implies an upside of 26.2%.
We send relevant information as and when needed.
Not our role to look at NBFCs.
Other regulators independently take action on the basis of the data.
Alert: SEBI action on JM Financial followed RBI's action on JM Financial Products
InterGlobe Aviation Ltd. fell as much as 2.8% to Rs 3,020.00 on news reports that the company's co-founder is seeking to sale up to 2.25 crore shares.
Rakesh Gangwal is looking to raise $795 million by selling his stake in the company, Bloomberg reported. He's planning to offer as much as 2.25 crore shares, up from initial 1.28 crore shares, at a floor price of Rs. 2,925 each.
InterGlobe Aviation Ltd. fell as much as 2.8% to Rs 3,020.00 on news reports that the company's co-founder is seeking to sale up to 2.25 crore shares.
Rakesh Gangwal is looking to raise $795 million by selling his stake in the company, Bloomberg reported. He's planning to offer as much as 2.25 crore shares, up from initial 1.28 crore shares, at a floor price of Rs. 2,925 each.
The local currency strengthened 14 paise to Rs 82.65 against the U.S. dollar, the highest level since Aug 31, 2023.
As of 10:30 a.m., the rupee was trading at Rs 82.67 a dollar, according to Bloomberg data. It closed at 82.79 a dollar on Thursday.
The local currency strengthened 14 paise to Rs 82.65 against the U.S. dollar, the highest level since Aug 31, 2023.
As of 10:30 a.m., the rupee was trading at Rs 82.67 a dollar, according to Bloomberg data. It closed at 82.79 a dollar on Thursday.
Adani Green Energy Ltd. operationalised 1,000 MW of the 30,000 MW Khavda renewable energy park.
The company's total operational capacity stands at 9,478 MW.
Source: Exchange filing
Adani Green Energy Ltd. operationalised 1,000 MW of the 30,000 MW Khavda renewable energy park.
The company's total operational capacity stands at 9,478 MW.
Source: Exchange filing
Infibeam Avenues Ltd Introduced video AI developer platform called Theia.
Theia will be used for AI-based analytics in sports, media, traffic management and crowd control.
Source: Exchange filing
The scrip rose as much as 3.33% to Rs 3,428.00 apiece, the highest level since its listing on March 27, 2018. It was trading 3.07% higher at Rs 3,419 apiece, as of 09:53 a.m. This compares to a 0.04% decline in the NSE Nifty 50 Index.
It has risen 140.93% in 12 months. Total traded volume so far in the day stood at 0.2 times its 30-day average. The relative strength index was at 74.23, which implied the stock is overbought.
Out of 13 analysts tracking the company, 11 maintain a 'buy' rating, one recommends a 'hold,' and one suggests 'sell', according to Bloomberg data. The average 12-month consensus price target implies a downside of 1.7%.
The scrip rose as much as 3.33% to Rs 3,428.00 apiece, the highest level since its listing on March 27, 2018. It was trading 3.07% higher at Rs 3,419 apiece, as of 09:53 a.m. This compares to a 0.04% decline in the NSE Nifty 50 Index.
It has risen 140.93% in 12 months. Total traded volume so far in the day stood at 0.2 times its 30-day average. The relative strength index was at 74.23, which implied the stock is overbought.
Out of 13 analysts tracking the company, 11 maintain a 'buy' rating, one recommends a 'hold,' and one suggests 'sell', according to Bloomberg data. The average 12-month consensus price target implies a downside of 1.7%.
The Securities Exchange Board of India has ordered JM Financial to stop taking new mandates as a lead manager for public issues of debt securities.
The company said that the impact of being barred to act as lead manager for a debenture issue cannot be ascertained at this point in time.
The scrip fell as much as 9.84% to 79.30 apiece, the lowest level since March 6. It pared losses to trade 8.41% lower at Rs 80.55 apiece, as of 9:59 a.m. This compares to a 0.16% decline in the NSE Nifty 50 Index.
It has risen 29.81% in the last 12 months. Total traded volume so far in the day stood at 0.3 times its 30-day average. The relative strength index was at 27 indicating it was underbought.
The one analyst tracking the company maintains a 'buy' rating according to Bloomberg data.
The Securities Exchange Board of India has ordered JM Financial to stop taking new mandates as a lead manager for public issues of debt securities.
The company said that the impact of being barred to act as lead manager for a debenture issue cannot be ascertained at this point in time.
The scrip fell as much as 9.84% to 79.30 apiece, the lowest level since March 6. It pared losses to trade 8.41% lower at Rs 80.55 apiece, as of 9:59 a.m. This compares to a 0.16% decline in the NSE Nifty 50 Index.
It has risen 29.81% in the last 12 months. Total traded volume so far in the day stood at 0.3 times its 30-day average. The relative strength index was at 27 indicating it was underbought.
The one analyst tracking the company maintains a 'buy' rating according to Bloomberg data.
Auctions to focus on spectrums up for renewals in 2024
Expect max 17% of spectrum value being sold
Do not expect excess demand in any circle/ band
Bharti Airtel to lead on spectrum bands
Vodafone Idea may not bid for renewals in 18000MHz band
Expect limited participation from Reliance Jio in upcoming auction
RBI directive on Upper Layer NBFC implies that Tata Sons will need to list by Oct 25.
Holding across 15 listed groups works out to $195 billion.
For Tata Chemicals value of stake in Tata Sons is 142% of its market cap.
For Indian Hotels, Tata Power, Tata Steel and Tata Motors ratio works out to 10-25%.
Investment in unlisted companies stood at $6.8 billion with stakes in Tata Play, Tata Digital etc.
Market Value of these unlisted companies would be a multiple of book value given above.
Potential listing also makes Shapoorji group investment in Tata Sons a liquid investment.
India's benchmark indices opened flat, while the NSE Nifty 50 index hitting fresh highs, lead by gains in Reliance Industries Ltd., Bajaj Finance Ltd., and Kotak Bank Ltd.
As of 09:20 a.m. the NSE Nifty 50 was trading 4.15 points or 0.018% lower at 22,489.40, and the S&P BSE Sensex was 60.67 points or 0.082% lower at 74,058.72.
The NSE Nifty 50 index hit a record high of 22,526.60.
"For positional traders, the 22,200/73,300 or 20-day Simple Moving Average would act as a trend-deciding level. The market may move to 22,650-22,800/74,500-74800 above 22,200/73,300. Conversely, sentiment may change below 22200/73300, and the market may slip to 22,100/73,000 or 21,950/72,650," said Shrikant Chouhan, head equity research, Kotak Securities.
India's benchmark indices opened flat, while the NSE Nifty 50 index hitting fresh highs, lead by gains in Reliance Industries Ltd., Bajaj Finance Ltd., and Kotak Bank Ltd.
As of 09:20 a.m. the NSE Nifty 50 was trading 4.15 points or 0.018% lower at 22,489.40, and the S&P BSE Sensex was 60.67 points or 0.082% lower at 74,058.72.
The NSE Nifty 50 index hit a record high of 22,526.60.
"For positional traders, the 22,200/73,300 or 20-day Simple Moving Average would act as a trend-deciding level. The market may move to 22,650-22,800/74,500-74800 above 22,200/73,300. Conversely, sentiment may change below 22200/73300, and the market may slip to 22,100/73,000 or 21,950/72,650," said Shrikant Chouhan, head equity research, Kotak Securities.
India's benchmark indices opened flat, while the NSE Nifty 50 index hitting fresh highs, lead by gains in Reliance Industries Ltd., Bajaj Finance Ltd., and Kotak Bank Ltd.
As of 09:20 a.m. the NSE Nifty 50 was trading 4.15 points or 0.018% lower at 22,489.40, and the S&P BSE Sensex was 60.67 points or 0.082% lower at 74,058.72.
The NSE Nifty 50 index hit a record high of 22,526.60.
"For positional traders, the 22,200/73,300 or 20-day Simple Moving Average would act as a trend-deciding level. The market may move to 22,650-22,800/74,500-74800 above 22,200/73,300. Conversely, sentiment may change below 22200/73300, and the market may slip to 22,100/73,000 or 21,950/72,650," said Shrikant Chouhan, head equity research, Kotak Securities.
India's benchmark indices opened flat, while the NSE Nifty 50 index hitting fresh highs, lead by gains in Reliance Industries Ltd., Bajaj Finance Ltd., and Kotak Bank Ltd.
As of 09:20 a.m. the NSE Nifty 50 was trading 4.15 points or 0.018% lower at 22,489.40, and the S&P BSE Sensex was 60.67 points or 0.082% lower at 74,058.72.
The NSE Nifty 50 index hit a record high of 22,526.60.
"For positional traders, the 22,200/73,300 or 20-day Simple Moving Average would act as a trend-deciding level. The market may move to 22,650-22,800/74,500-74800 above 22,200/73,300. Conversely, sentiment may change below 22200/73300, and the market may slip to 22,100/73,000 or 21,950/72,650," said Shrikant Chouhan, head equity research, Kotak Securities.
The Nifty Bank index's short-term structure is bullish, but buying on dips and selling on rallies would be the ideal strategy for short-term traders. 47,500-47,200 would act as a key support zone while 48,300-48,600 could be a key resistance zone for traders, Chouhan said.
India's benchmark indices opened flat, while the NSE Nifty 50 index hitting fresh highs, lead by gains in Reliance Industries Ltd., Bajaj Finance Ltd., and Kotak Bank Ltd.
As of 09:20 a.m. the NSE Nifty 50 was trading 4.15 points or 0.018% lower at 22,489.40, and the S&P BSE Sensex was 60.67 points or 0.082% lower at 74,058.72.
The NSE Nifty 50 index hit a record high of 22,526.60.
"For positional traders, the 22,200/73,300 or 20-day Simple Moving Average would act as a trend-deciding level. The market may move to 22,650-22,800/74,500-74800 above 22,200/73,300. Conversely, sentiment may change below 22200/73300, and the market may slip to 22,100/73,000 or 21,950/72,650," said Shrikant Chouhan, head equity research, Kotak Securities.
India's benchmark indices opened flat, while the NSE Nifty 50 index hitting fresh highs, lead by gains in Reliance Industries Ltd., Bajaj Finance Ltd., and Kotak Bank Ltd.
As of 09:20 a.m. the NSE Nifty 50 was trading 4.15 points or 0.018% lower at 22,489.40, and the S&P BSE Sensex was 60.67 points or 0.082% lower at 74,058.72.
The NSE Nifty 50 index hit a record high of 22,526.60.
"For positional traders, the 22,200/73,300 or 20-day Simple Moving Average would act as a trend-deciding level. The market may move to 22,650-22,800/74,500-74800 above 22,200/73,300. Conversely, sentiment may change below 22200/73300, and the market may slip to 22,100/73,000 or 21,950/72,650," said Shrikant Chouhan, head equity research, Kotak Securities.
India's benchmark indices opened flat, while the NSE Nifty 50 index hitting fresh highs, lead by gains in Reliance Industries Ltd., Bajaj Finance Ltd., and Kotak Bank Ltd.
As of 09:20 a.m. the NSE Nifty 50 was trading 4.15 points or 0.018% lower at 22,489.40, and the S&P BSE Sensex was 60.67 points or 0.082% lower at 74,058.72.
The NSE Nifty 50 index hit a record high of 22,526.60.
"For positional traders, the 22,200/73,300 or 20-day Simple Moving Average would act as a trend-deciding level. The market may move to 22,650-22,800/74,500-74800 above 22,200/73,300. Conversely, sentiment may change below 22200/73300, and the market may slip to 22,100/73,000 or 21,950/72,650," said Shrikant Chouhan, head equity research, Kotak Securities.
India's benchmark indices opened flat, while the NSE Nifty 50 index hitting fresh highs, lead by gains in Reliance Industries Ltd., Bajaj Finance Ltd., and Kotak Bank Ltd.
As of 09:20 a.m. the NSE Nifty 50 was trading 4.15 points or 0.018% lower at 22,489.40, and the S&P BSE Sensex was 60.67 points or 0.082% lower at 74,058.72.
The NSE Nifty 50 index hit a record high of 22,526.60.
"For positional traders, the 22,200/73,300 or 20-day Simple Moving Average would act as a trend-deciding level. The market may move to 22,650-22,800/74,500-74800 above 22,200/73,300. Conversely, sentiment may change below 22200/73300, and the market may slip to 22,100/73,000 or 21,950/72,650," said Shrikant Chouhan, head equity research, Kotak Securities.
The Nifty Bank index's short-term structure is bullish, but buying on dips and selling on rallies would be the ideal strategy for short-term traders. 47,500-47,200 would act as a key support zone while 48,300-48,600 could be a key resistance zone for traders, Chouhan said.
Reliance Industries Ltd., Bajaj Finance Ltd., ITC Ltd., Kotak Mahindra Bank Ltd., and Larsen & Toubro Ltd added positively to the index.
HDFC Bank Ltd., Infosys Ltd., Tata Consultancy Services Ltd., Hindustan Unilever Ltd., and Tata Motors Ltd., weighed on the benchmark index.
On NSE, five sectoral indices advanced, and seven declined. The Nifty Realty index rose the most, while the Nifty Metal index fell the most.
Broader markets were trading on a mixed note on BSE. The S&P BSE Smallcap declined 0.26%, and the S&P BSE Midcap rose 0.51% as of 09:28 a.m.
On BSE, 11 sectors advanced out of 20, and nine declined. The S&P BSE Realty index was top performer among sectoral indices. The S&P BSE Metal index emerged as the top loser.
Market breadth was skewed in favour of the sellers. Around 1,615 stocks fell, and 1,489 stocks advanced, and 174 remained unchanged on BSE.
At pre-open, the S&P BSE Sensex Index was up 0.08% or 56.54 points at 74,175.93 while the NSE Nifty 50 was at 22,517.50, up 23.95 points or 0.11%.
The local currency strengthened by 6 paise to 82.73 against the U.S. Dollar.
It closed at 82.79 a dollar on Thursday.
Source: Bloomberg
The yield on the 10-year bond opened flat at 7.02%.
It closed at 7.03% on Thursday.
Source: Bloomberg
U.S. Dollar Index at 102.66
U.S. 10-year bond yield at 4.06%
Brent crude down 0.65% at $81.55 per barrel
Nymex crude down 0.72% at $77.45 per barrel
GIFT Nifty down 24 points or 0.11% at 22,635.50 as of 8:11 a.m.
Bitcoin was down 1.73% at $68,228.38
Nifty March futures down by 0.24% to 22,552.35 at a premium of 58.8 points.
Nifty March futures open interest down by 5.51%.
Nifty Bank March futures down by 0.45% to 47,958.3 at a premium of 122.5 points.
Nifty Bank March futures open interest down by 11.9%.
Nifty Options March 14 Expiry: Maximum call open interest at 22,500 and maximum put open interest at 22,400.
Bank Nifty Options March 13 Expiry: Maximum call open Interest at 48,000 and maximum put open interest at 48,000.
Securities in ban period: Manappuram Finance, Mahanagar Gas, Sail, Tata Chemical, Zee Entertainment Enterprise.
Price Band changes from 10% to 5%: Pending
Price Band changes from 20% to 10%: Pending
Ex/record AGM: BEML Land Assets.
Moved into short-term ASM framework: Agro Tech Foods, IIFL Finance.
Moved out short-term ASM framework: Jyoti CNC Automation, Taj GVK Hotels & Resorts.
Genus Power Infrastructure: Promoter Kailash Chandra Agarwal revoked a pledge of 8 lakh shares on March 5.
Star Cement: Promoter Amritansh Chamaria created a pledge of 2 lakh shares on March 1.
Gravita India: To meet analysts and investors on March 17.
Capri Global Capital: To meet analysts and investors on March 12.
Sapphire Foods: To meet analysts and investors on March 13, 14.
Agi Greenpac: To meet analysts and investors in March 13.
HDFC Asset Management: To meet analysts and investors on March 15.
Kirloskar Brothers: To meet analysts and investors on March 18, 19
Maruti Suzuki: To meet analysts and investors on March 18.
Bharti Airtel: Pastel sold 4.90 crore shares (0.81%) while, GQG Partners through its affiliates bought 4.34 crore shares (0.69%) at Rs at Rs 1,193.7 apiece.
CarTrade Tech: Springfield Venture International sold 3.8 lakh shares (0.81%) at Rs 739.39 apiece, while Taiyo Greater India Fund bought 2.64 lakh shares (0.56%) at Rs 737.64 apiece.
G R Infraprojects: Agarwal Lalita sold 9.66 lakh shares (0.99%), Agarwal Ritu sold 4.83 lakh shares (0.49%), Kiran Agarwal sold 9.66 lakh shares (0.99%), Laxmi Devi Agarwal sold 9.66 lakh shares (0.99%), Ritu Agarwal sold 4.83 lakh shares (0.49%), Suman Agarwal sold 9.66 lakh shares (0.99%), while SBI Mutual Fund bought 5.75 lakh shares (0.59%) at Rs 1,171 apiece.
Mahindra and Mahindra: Prudential Management and Services sold 93 lakh shares (0.74%) at Rs 1,912.04 apiece.
SBFC Finance: SBFC Holdings sold 2.96 crore shares (2.78%) at Rs 86.35 apiece, while Aditya Birla Sun Life Mutual Fund bought 55.64 lakh shares (0.52%) at Rs 85.52 apiece.
JG Chemicals: The public issue was subscribed to 32.09 times on day 3. The bids were led by non-institutional investors (46.33 times), retail investors (17.44 times), institutional investors (32.09 times).
Gopal Snacks: The public issue was subscribed to 1.4 times on day 2. The bids were led by non-institutional investors (1.63 times), retail investors (2.01 times), and by institutional investors (0.09).
Vedanta: The company received a warning related to publishing information relating to an unlisted ultimate holding company from SEBI.
InterGlobe Aviation: Promoter Rakesh Gangwal will sell up to a 3.3% stake in the company worth at least Rs 3,729 crore, at a floor price of Rs 2,925 apiece.
JM Financial: SEBI ordered JM Financial to stop taking on new mandates as a lead manager for public issues of debt securities. The company said that the impact of being barred from acting as lead manager for a debenture issue cannot be ascertained at this point in time.
Gail, ONGC: GAIL, Oil and Natural Gas Corp., and Shell Energy India signed a tripartite Memorandum of Understanding to explore opportunities for importing ethane and other hydrocarbons, as well as develop evacuation infrastructure at Shell Energy Terminal, Hazira.
Torrent Power: The company received a letter of award worth Rs 1,540 crore from the Maharashtra state electricity distribution company for setting up 306 MW grid-connected solar PV projects.
Gujarat Gas: The company and Bharat Petroleum signed an MoU on various fronts to streamline operations and improve service delivery. This MoU includes offering liquid fuels, BPCL's allied petroleum products at select outlets of the company.
Rail Vikas Nigam: The company received a letter of award from Madhya Pradesh Poorv Kshetra Vidyut Vitaran for a broad consideration of Rs 251 crore to supply, install, test and commission 11 KV Line-associated works. The company received an LOA worth Rs 889 crore from the Himachal Pradesh state electricity board for the development of distribution infrastructure in the south zone of Himachal Pradesh.
NBCC: The company signed an MoU with Bharat Heavy Electronics for redeveloping BHEL's identified properties.
Shyam Metallics and Energy: The company sold 94,143 tonne of sponge iron, up 122.9% YoY, and 2.34 lakh tonne, up 37.3% YoY, for the month of February.
Agro Tech Foods: The company announced a share subscription agreement with Zest Holding Investments, leading to the investor gaining control over the company.
Tata Communication: The company has opened a new world-class production and delivery facility in Los Angeles, an investment that will support the future development of its services and business growth.
Exide Industries: The company received approval from the NCLT for the scheme of amalgamation between its wholly owned subsidiaries, Exide Energy Solutions and Exide Energy.
Sonata Software: The company has announced the integration of Sonata Harmoni.AI with the Microsoft Azure AI service.
PNC Infratech: The company signed a pact for a construction project worth Rs 1,174 crore in Madhya Pradesh in hybrid annuity mode.
H.G. Infra Engineering: The company has been declared a L-l bidder by the National Highways Authority of India for a project worth Rs 610.11 crore.
Cyient DLM: The company incorporated a wholly owned subsidiary, Cyient DLM Inc..
India Glycols: The company has enhanced the capacity of the Bio-Fuel Ethanol plant at Kashipur in Uttarakhand. The plant capacity now stands at 410 KLPD and is fully commissioned.
Rainbow Children Medicare: The company has added 50-bed additional blocks to the existing hospital at Hydernagar, Hyderabad, Telangana.
United Breweries: The company launched the new brand 'Kingfisher Ultra Max Draught Beer' in the premium strong beer segment category in Karnataka.
Macrotech Developers: The company successfully raised Rs 3,300 crore in equity through QIP.
Mishtann Foods: The company has set Mar. 20 as the record date for its rights issue. The right entitlement ratio is 1:31.
Azad Engineering: The company has signed a long-term strategic supply agreement with a subsidiary of Baker Hughes to supply high-complex and critical components.
DB Realty: The company will raise Rs 1,500 crore through qualified institutional placement. The company will raise Rs 1,000 crore with a greenshoe option of Rs 500 crore.
TVS Motor Company: The company announces its presence in France. It will showcase its product range for Europe in Lyon, France, up until March 10.
Kernex Microsystems: The company receives an order worth Rs 109.5 crore from South-Central Railway for comprehensive signalling and telecommunication works.
Oil India: The company announces a second interim dividend of Rs 8.5 per share. This comes to a yield of 1.3% based on Thursday’s closing price of Rs 630 per share.
Dilip Buildcon: The company gets an order worth Rs 550 crore for a tender floated by NHAI on a hybrid annuity basis in Tamil Nadu.
Hindustan Aeronautics: The Cabinet Committee on Security clears 34 new Dhruv choppers for the Indian Coast Guard, Army. The choppers will be manufactured by HAL.
Dwarikesh Sugar: The company sets the record date for the buyback as March 20, for the purpose of determining the entitlement and the names of equity shareholders who are eligible to participate in the buyback.
TCNS Clothing: CRISIL assigns the CRISIL AA-/Stable rating to the company as its long-term rating and reaffirms the CRISIL A1+ rating
SJVN: SJVN Green Energy signs a power usage agreement for 500 MW of solar power and a power purchase agreement for 100 MW of solar power with Rajasthan Urja Vikas and IT Services.
Coal India: The company signed a MoU with Rajasthan Rajya Vidyut Utpadan Nigam to meet the growing power demands of the state. Under the MoU, the initial focus will be on exploring the possibilities of setting up 4100 MW projects through a JV.
Indian Bank: Brajesh Kumar Singh replaces Imran Amin Siddiqui as executive director, effective March 10.
NLC India: India signs an MOU with the Rajasthan government for the formation of a JV for adding thermal and renewable capacity.
Gensol Engineering: It emerged as the lowest bidder for Gujarat Urja Vikas Nigam's 70 MW/140 MWh battery energy storage project worth Rs 450 crore in revenue.
Markets in the Asia-Pacific region were trading in the negative, taking cues from the decline on Wall Street as investors assessed Japan's GDP data and awaited the U.S. CPI print.
The Nikkei was trading 2.23% lower at 38,803.10, and the S&P ASX 200 was trading 1.3% lower at 7,741.30 as of 7:24 a.m.
U.S. stocks hit all-time highs in the run-up to the U.S. jobs report, with investors betting some of the world’s major central banks will start slashing interest rates as soon as June, according to Bloomberg.
The S&P 500 Index and Nasdaq Composite fell by 0.65% and 1.16%, respectively, as of 12.10 a.m. New York time. The Dow Jones Industrial Average settled 0.18% lower on Friday.
Brent crude was trading 0.38% lower at $81.77 a barrel. Gold was higher by 0.36% at $2,186.85 an ounce.
The GIFT Nifty was 24 points, or 0.11%, lower at 22,635.50 as of 8:11 a.m.
India's benchmark stock indices ended at a fresh record closing high in a truncated week on Thursday, led by gains in the shares of Bajaj Auto and Bharti Airtel.
The Nifty 50 ended 19.50 points, or 0.09%, higher at 22,493.55, and the Sensex gained 33.40 points, or 0.04%, to close at 74,119.39.
Overseas investors remained net buyers of Indian equities on Thursday. Foreign portfolio investors bought stocks worth Rs 7,304.1 crore, while domestic institutional investors remained net buyers for the fourth day and mopped up equities worth Rs 2,601.8 crore, the NSE data showed.
The Indian Rupee opened flat against the U.S. Dollar at 82.82.
Markets in the Asia-Pacific region were trading in the negative, taking cues from the decline on Wall Street as investors assessed Japan's GDP data and awaited the U.S. CPI print.
The Nikkei was trading 2.23% lower at 38,803.10, and the S&P ASX 200 was trading 1.3% lower at 7,741.30 as of 7:24 a.m.
U.S. stocks hit all-time highs in the run-up to the U.S. jobs report, with investors betting some of the world’s major central banks will start slashing interest rates as soon as June, according to Bloomberg.
The S&P 500 Index and Nasdaq Composite fell by 0.65% and 1.16%, respectively, as of 12.10 a.m. New York time. The Dow Jones Industrial Average settled 0.18% lower on Friday.
Brent crude was trading 0.38% lower at $81.77 a barrel. Gold was higher by 0.36% at $2,186.85 an ounce.
The GIFT Nifty was 24 points, or 0.11%, lower at 22,635.50 as of 8:11 a.m.
India's benchmark stock indices ended at a fresh record closing high in a truncated week on Thursday, led by gains in the shares of Bajaj Auto and Bharti Airtel.
The Nifty 50 ended 19.50 points, or 0.09%, higher at 22,493.55, and the Sensex gained 33.40 points, or 0.04%, to close at 74,119.39.
Overseas investors remained net buyers of Indian equities on Thursday. Foreign portfolio investors bought stocks worth Rs 7,304.1 crore, while domestic institutional investors remained net buyers for the fourth day and mopped up equities worth Rs 2,601.8 crore, the NSE data showed.
The Indian Rupee opened flat against the U.S. Dollar at 82.82.
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