Bulls return to D-St after 6 days; Sensex up 642 pts, Nifty tad below 14750

Mood on D Street changed after Moody's Analytics said India's economy is likely to grow by 12 per cent in CY2021 following a 7.1 per cent contraction last year

11:57 AM

HDFC Bank's MSME book grows 30% y-o-y to cross Rs 2 trillion-mark

In December 2019, the bank's MSME book stood at Rs 1.4 lakh crore, which has grown by over 60,000 crore or 30 per cent to Rs 2,01,758 crore by the December 2020 quarter, giving it a 10.6 per cent share system-wide MSME lending, becoming the second-largest lender in this segment after the State Bank of India, the bank added. READ MORE

11:44 AM

RBI Dy Guv Kanungo may get extension; interviews to find successor nixed

In a fresh twist in the appointment process of deputy governor for the Reserve Bank of India (RBI), the government has cancelled the interviews for the selection, paving the way for incumbent Deputy Governor B P Kanungo's extension. The interviews, scheduled for March 10, were postponed at the last minute. READ MORE

11:31 AM

Demand recovery to drive L&T Technology's FY22 show as ERD companies rise

Software companies in the engineering, research and development (ER&D) segment have outperformed their IT services peers on expectations of a faster growth trajectory in FY22, compared to the performance of the overall software industry.

 

While the BSE Information Technology index has gained 11 per cent in the last three months, ER&D players such as L&T Technology Services (LTTS), Cyient, and Tata Elxsi have risen 15-60 per cent during this period. READ MORE

11:19 AM

Future group stocks slip as Delhi High Court puts RIL deal on hold

Future Retail (Rs 55.85), Future Lifestyle Fashions (Rs 64.85), Future Enterprises (Rs 8.60), and Future Consumer (Rs 6.42) were locked in 10 per cent lower circuit, while Future Supply Chain Solutions (Rs 79.80) and Future Market Networks (Rs 15.05) were frozen in 5 per cent lower circuit on the BSE. In comparison, the S&P BSE Sensex was down 0.26 per cent at 49,088 points, at 10:31 am. The stock of Future Retail hit a record low, falling below its previous low of Rs 60.80, touched on Thursday, March 18. READ MORE

11:07 AM

SECTOR UPDATE :: Defensive stocks lead recovery

10:59 AM

MARKET ALERT :: Sensex jumps 200 pts

10:48 AM

Recovery from intra-day lows in today's trade

COMPANY	DAY'S LOW(RS)	DAY'S HIGH(RS)	LATEST(RS)	RISE(%)
Sobha	402.50	455.00	452.70	12.47
Jamna Auto Inds.	61.25	67.65	67.65	10.45
Adani Total Gas	671.15	746.80	740.70	10.36
Meghmani Organ.	100.35	110.50	110.50	10.11

10:42 AM

Be prepared for a volatile phase as risks to markets on a rise: Analysts

In the short-term, analysts expect the markets to remain volatile as they react to news flow – both from overseas and developments back home. Investors, they say, need to keep a tab on how the US treasury yields move, which in turn will have a ripple effect on how big money moves across developed (DMs) and emerging markets (EMs), including India. READ MORE

10:30 AM

Easy Trip Planners makes tepid debut, lists at 13% premium over issue price

Shares of Easy Trip Planners made a decent debut at the bourses, getting listed at Rs 212.25, commanding a premium of 13.5 per cent against the issue price of Rs 187 per share on the National Stock Exchange (NSE) on Friday. On the BSE, the stock opened at Rs 206, up 10 per cent against its issue price. Post listing, the stock slipped 20 per cent from its intra-day high of Rs 233 and touched the issue price level on the BSE. READ MORE
 

10:23 AM

ICRA surges 9% after Parag Parikh Flexi Cap Fund buys stake

Shares of ICRA, on Friday, rallied 9 per cent intra-day to Rs 3,036.50 on the National Stock Exchange (NSE) after PPFAS Asset Management bought more than two per cent stake in the rating agency company via open market. The stock is trading close to its 52-week high level of Rs 3,137.90, touched on January 12, 2021. READ MORE

10:12 AM

MARKET CHECK :: Sensex recovers over 450 pts from day's low

10:07 AM

Rupee Opening

Rupee opens at 72.58 per US dollar vs Thursday's close of 72.53/$

10:04 AM

NEW LISTING :: Easy Trip Planners lists at 10% premium against issue price of Rs 187 on BSE

9:59 AM

Most active stocks by volume

Company	PRICE(rs)	CHG(%)
Vodafone Idea	9.68	-2.52
B H E L	50.30	-3.45
Suzlon Energy	5.12	-4.48
Trident	13.55	-5.38
Bank Of Baroda	70.50	-2.02

9:51 AM

IEX scales new high in a weak market, rallies 22% in seven days

Shares of Indian Energy Exchange (IEX) rose 3 per cent to hit a new high of Rs 366.40 on the BSE in intra-day trade on Friday in an otherwise weak market. The stock of electric utility company was trading higher for the seventh straight day, up 22 per cent during the period, after the company entered into a strategic partnership with the National Stock Exchange (NSE) and Oil and Natural Gas Corporation (ONGC) to build gas markets. READ MORE