Sensex ends 509 pts lower, Nifty slips over 1%; Nifty Metal index down 2%

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9:50 AM

NEWS ALERT PSBs plan tighter lending norms for corporate loans above Rs 2.5 billion

 

Public sector banks (PSBs) will discourage multiple banking arrangements for companies with exposure of more than Rs 2.5 billion in the banking system and will move all such loans under the consortium of banks for better monitoring.

 

“In case of multiple banking arrangements there is no discipline. There will, preferably, be consortium lending for loans above Rs 2.5 billion,” M S Sastry, deputy managing director and chief risk officer, State Bank of India, said on Thursday. READ MORE

9:38 AM

Top losers in Nifty PSU Bank

COMPANY	LATEST	PREV CLOSE	LOSS()	LOSS(%)	VOLUME
IDBI BANK	77.35	78.85	-1.50	-1.90	5038225
CANARA BANK	262.00	264.45	-2.45	-0.93	681538
ANDHRA BANK	42.65	42.95	-0.30	-0.70	787504
ST BK OF INDIA	252.50	253.70	-1.20	-0.47	911372
SYNDICATE BANK	60.95	61.20	-0.25	-0.41	178007

9:31 AM

VOLUME TOPPERS

COMPANY	PRICE()	CHG()	CHG(%)	VOLUME
JP ASSOCIATES	21.10	1.95	10.18	9580721
UNITECH	6.32	0.07	1.12	1386764
IDBI BANK	78.70	-0.20	-0.25	1186695
MMTC	67.60	5.50	8.86	937527
REL. COMM.	24.20	0.60	2.54	593613

9:21 AM

Sectoral Trend

9:19 AM

BSE Sensex gainers and losers

9:17 AM

Market at open

At 9:16 AM, the S&P BSE Sensex was trading at 33,562, down 124 points while the broader  Nifty50 was ruling at 10,324, down 36 points.

9:07 AM

Bharat Dynamics IPO oversubscribed 1.30 times

 

The initial public offer of defence company Bharat Dynamics was oversubscribed 1.30 times on the last day of bidding on Thursday. The IPO to raise Rs 960 crore received bids for 2,92,42,115 shares against the total issue size of 2,24,51,953 shares, data available with the NSE showed.

9:02 AM

Markets at pre-open

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	33,703.21	+17.67	+0.05
S&P BSE SENSEX 50	10,847.81	+19.64	+0.18
S&P BSE SENSEX Next 50	33,410.93	+20.09	+0.06
S&P BSE 100	10,747.47	+17.44	+0.16
S&P BSE Bharat 22 Index	3,555.56	+4.55	+0.13

8:59 AM

Hindustan Aeronautics IPO to open today

 

State-owned defence company Hindustan Aeronautics is set to open its initial public offering for subscription on March 16. Equity shares are proposed to be listed on the BSE and the NSE. SBI Capital Markets and Axis Capital are the book running lead managers to the offer that will close on March 20, 2018.

 

Hindustan Aeronautics' initial public offering of 3,41,07,525 equity shares is an offer for sale by the President of India, acting through the Department of Defence Production. The offer comprises a net offer of 3,34,38,750 equity shares and an employee reservation portion of up to 6,68,775 equity shares.

8:56 AM

Sebi raises currency derivative trade limit to $100 mn

 

Sebi on Thursday raised the exposure limit under exchange-traded currency derivatives trading for residents and FPIs to USD 100 million across all currency pairs involving the Indian rupee. The move will help entities engaged in forex transactions to maintain their currency risks in a better manner.

 

"Domestic clients/FPIs may take long or short positions without having to establish existence of underlying exposure, up to a single limit of USD 100 million equivalent, across all currency pairs involving rupee, put together, and combined across all the stock exchanges," Sebi said in a circular.

8:52 AM

Public debt rose to Rs 66.61 lakh crore at December-end

 

India's public debt rose to Rs 66.61 lakh crore at the end of December 2017, representing a quarter-on-quarter increase of 1.22 percent. The debt (excluding liabilities under the Public Account) of the government was Rs 65.80 lakh crore at the end of September last year.

 

Internal debt and marketable securities constituted 93.1 percent and 82.6 per cent, respectively of the total public debt, at the December-end 2017, according to the quarterly report on debt management released by the Finance Ministry on Thursday.

8:50 AM

Markets on Thursday

S&P BSE Sensex	33,685.54		-0.44%
Nifty 50	10,360.15		-0.49%
S&P BSE 200	4,531.03		-0.30%
Nifty 500	9,133.90		-0.19%
S&P BSE Mid-Cap	16,394.99		0.49%
S&P BSE Small-Cap	17,754.55		0.80%

8:45 AM

Top trading ideas by Prabhudas Lilladher:

 

BUY ASIAN PAINTS

CMP : Rs 1,160.80

TARGET : Rs 1,240

STOP LOSS : Rs 1,120

 

After making the bottom at around 1100 levels, the stock has bounced back significantly and has now given a breakout above the 200 DMA which is currently at 1155 levels. The indicators like RSI is on the rise and has shown a positive bias with more space further on the upside. With consistent volume participation witnessed, we recommend a buy in this stock for an upside target of 1240 keeping a stop loss of 1120.

Click here for more

8:42 AM

Nifty outlook by Prabhudas Lilladher

 

Market continues to consolidate keeping the range of 10350 as support and 10440 as the crucial resistance. With the narrow range movement it has become a intraday play in the market. The support for the day is seen at 33,500/10,300 while resistance is seen at 33,860/10,410.

8:36 AM

India's February trade deficit dips to 5-month low

 

India’s trade deficit narrowed to $12 billion in February, its lowest in five months, amid concern that a global trade war could hit its exports because of US President Donald Trump’s decision to hike import taxes on steel and aluminum.