Among the sectoral indices, IT, metal and pharma are witnessing selling pressure, while some buying is seen in the bank, energy, FMCG and infra.
Mar 07, 3:34 PM (IST)
Market at close: Benchmark indices ended higher for the fourth consecutive day with Nifty ended flat around 11,050 level.
The Sensex was up 89.32 points at 36725.42, while Nifty was up 5.20 points at 11058.20. About 1287 shares have advanced, 1349 shares declined, and 159 shares are unchanged.
L&T, M&M, Axis Bank, ITC and Power Grid Corp were the top gainers on the Nifty, while losers include Wipro, IOC, Coal India, Zee Entertainment and Sun Pharma.
Among the sectoral indices, IT, metal, auto and pharma witnessed selling pressure, while some buying was seen in the bank, FMCG and infra sectors.
Mar 07, 03:22 PM (IST)
HDFC Life board declared an interim dividend of Rs 1.63 per equity share of face value Rs 10 each for the financial year 2018-19.
Mar 07, 03:16 PM (IST)
Odisha government has approved a proposal of Jindal Stainless for setting up a private industrial estate near Kalinga Nagar in Jajpur district.
Mar 07, 02:33 PM (IST)
Just In | Pennar Group has bagged orders worth Rs 302 crore during the month of February 2019, across its various business verticals and the subsidiary, PEBS Pennar.
Mar 07, 02:16 PM (IST)
USFDA has concluded inspection at Goa facility which took place between February 25 and March 6, 2019, resulting in a Form 483 with eight observations.
Mar 07, 02:04 PM (IST)
Rushabh Maru-Research Analyst at Anand Rathi Shares and Stock Brokers said, “The rupee has appreciated on back of easing crude oil prices in the international market. There is lot of optimism regarding trade deal between the US and China.”
“Having said that volatility is expected to rise in coming sessions for the rupee as the country is heading towards the general election. Still there is lot of uncertainty regarding the trade deal between the US and China. Hence importers are advised to hedge their exposure given the uncertainty and volatility due to domestic and global factors,” he added.
Mar 07, 01:51 PM (IST)
Power Grid board approves interim dividend of Rs 5.83 per share.
Mar 07, 01:22 PM (IST)
JUST IN | Finance Minister says:
Investment by NHPC in Chenab valley power project gets Cabinet approval
Cabinet approves provision of additional fund for sugar mills
Cabinet approves setting up super thermal power project in UP’s Khurja
Allocate additional fund of Rs 2790 crore to augment ethonal production
Buxar Thermal power project gets Cabinet approval
Cabinet approves acquisition of Lanco Teesta hydro project
Cabinet approves alternative divestment mechanism for PSUs
Mar 07, 01:11 PM (IST)
Rupee Update: The Indian rupee is trading higher by 24 paise at 70.04 per dollar versus previous close 70.28.
Mar 07, 12:25 PM (IST)
The trade deficit between India and the US decreased by $1.6 billion, almost 7 percent, in 2018 as compared to the previous year, according to the latest official figures.
India recorded a decrease in the deficit from $22.9 billion in 2017 to $21.3 billion in 2018, according to the latest figures revealed by the Bureau of Economy Analysis on Wednesday. Source: PTI
Mar 07, 12:12 PM (IST)
Singapore Telecommunications Ltd (Singtel) said it will buy roughly $525 million worth Bharti Airtel stock as part of the Indian telecoms operator’s plan to raise $4.6 billion through new shares and bonds.
The fund raising plan, announced last month, is aimed at cutting debt and shoring up Bharti Airtel’s balance sheet. Source: Reuters
Mar 07, 12:10 PM (IST)
Camlin Fine Services has notified the exchanges that Acuite Research has assigned its long-term rating of ‘ACUITE A-‘ (read as ACUITE A minus) and short-term rating of ‘ACUITE A2+’ (read as ACUITE A two plus) to the Rs 392.30 crore bank facilities of the Company. The outlook assigned is ‘Stable’.
Mar 07, 11:59 AM (IST)
DHFL has notified the exchanges of revised credit ratings by CARE of its debt as follows:
Mar 07, 11:40 AM (IST)
Most of the CPSE stocks are down over 1 percent in day’s trade. Oil India and Bharat Electronics are the biggest losers, down about 2.5 percent each intraday. SJVN Limited is an outperformer, jumping 6.5 percent.
Mar 07, 11:27 AM (IST)
Market Update: Sensex is up 42.31 points or 0.12 percent at 36,678.41, and the Nifty down 3.00 points or 0.03 percent at 11,050.00. About 1,117 shares have advanced, 1,005 shares declined, and 129 shares are unchanged.
Mar 07, 11:01 AM (IST)
Most of the sectoral indices are trading in the red. Nifty Media and Metal have fallen the most, each down over 1 percent.
Mar 07, 10:41 AM (IST)
Promoters of Bharti Airtel along with Singapore government’s investment arm GIC Private Ltd will subscribe to over half of the proposed Rs 32,000 crore rights issue in a bid to infuse funds in the company. “The entire rights entitlement of promoter and promoter group of approximately Rs 16,785.7 crore will be subscribed by them and GIC,” Bharti Airtel said in a statement Thursday. Source: PTI
Mar 07, 10:39 AM (IST)
Direct tax revenue totalled Rs 8.4 lakh cr so far this FY, CNBC-TV18 reported citing government officials. The collection is expected to fall Rs 60,000-70,000 cr short of FY revised direct tax revenue aim.
Mar 07, 10:24 AM (IST)
Just In| L&T has secured multiple orders for its Buildings & Factories, Metallurgical & Material Handling and GeoStructure Businesses. The orders are classified ‘Large’, i.e., they fall in the size bracket of Rs 2,500 to 5,000 crore.
Mar 07, 09:57 AM (IST)
HFCL bags order: Shares of HFCL added 3.3 percent in the early trade on Thursday after company bagged an purchase order worth Rs 117 crore from Tata Projects for supply of optical fibre cables for creating OFC network infrastructure under Bharat Net Phase-II Project in the state of Chhattisgarh.
Mar 07, 09:47 AM (IST)
Morgan Stanley on Indian markets: Market could start pricing in stronger poll outcome in coming weeks, while broader market will likely outperforming a rising Nifty.
Nifty could be looking to break its 10,500-11,000 range on the upside, it added.
It expect yield curve to steepen given likely fiscal slippage. The aggregate corporate balance sheet is improving.
It likes GARP stocks (growth at reasonable price) amongst banks, discretionary, consumption & industrials, it added.
Mar 07, 9:22 AM (IST)
Market Opens: It is a firm start for the Indian indices on Thursday with Nifty trading above 11,050 level.
The Sensex is up 45.83 points at 36681.93, while Nifty is up 4.40 points at 11057.40. About 557 shares have advanced, 285 shares declined, and 45 shares are unchanged.
IndusInd Bank, Power Grid, HPCL, IOC, BPCL, Tata Motors, Titan, Zee Ent, Gail, Bharti Airtel are some of the gainers in the early trading session, while losers include Biocon, Indiabulls Housing, Tata Steel, Vendata, JSW Steel.
Among the sectoral indices, metal index is under pressure with 1 percent cut, followed by auto, pharma and PSU Bank, while s
ome buying is seen in the energy, infra, FMCG and IT.
Mar 07, 9:07 AM (IST)Rupee Opens: The Indian rupee gained in the early trade on Thursday. It opened higher by 20 paise at 70.08 per dollar versus previous close 70.28.
Mar 07, 9:03 AM (IST)
Market at pre-open: Benchmark indices are flat in the pre-opening trading with Nifty above 11,050 level.
The Sensex is up 90.44 points at 36726.54, while Nifty is up 1.80 points or 0.02% at 11054.80.
Gainers are Bharti Airtel, Tata Motors, Titan, while HDFC slipped in the pre-opening trade.
Mar 07, 8:46 AM (IST)
Crude Update: Oil prices eased on Thursday, dragged down by record US crude output and rising commercial fuel inventories.
Mar 07, 8:33 AM (IST)
Wall Street ends lower: Wall Street’s main indexes fell for a third session on Wednesday, with the S&P 500 posting its biggest one-day decline in a month, as healthcare and energy shares slumped and investors sought reasons to buy after the market’s strong rally to start the year.
Mar 07, 8:22 AM (IST)
SGX Nifty: Trends on SGX Nifty indicate a flat opening for the broader index in India, a fall of 1 points or 0.01 percent. Nifty futures were trading around 11,096-level on the Singaporean Exchange.
Mar 07, 7:57 AM (IST)
Asian markets trade firm: Asian shares rose marginally in early trade on Thursday, with caution prevailing as investors awaited some kind of resolution to Sino-US trade negotiations, while the euro remained under pressure ahead of the European Central Bank meeting.
Mar 07, 7:42 AM (IST)
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Source:- Moneycontrol News