Rising bond yields, Covid-19 cases spoil D-St party; Sensex slides 487 pts

Sectorally, all the NSE indices were painted red with the Nifty Auto and PSU Bank indices down around 2 per cent each

3:41 PM

Sensex Heatmap at Close

3:37 PM

CLOSING BELL

The equity indices snapped their three-day winning streak and settled 0.9 per cent lower. The frontline S&P BSE Sensex dropped 487 points, or 0.95 per cent, to end the day at 50,792 levels. From the intra-day high of 51,822, the index plunged 1,284 points to hit an intra-day low of 50,538.

 

On the NSE, the Nifty index held the 15,000-mark to close at 15,031 levels, down 144 points, or 0.95 per cent. In the intra-day trade, the index hit a low of 14,954.

3:27 PM

Commodity Heatmap :: Silver slides 2%, gold 1% on MCX

3:20 PM

Volatility check

>> India VIX index jumps 5% to trade at 21.7 levels.

3:09 PM

Finance Ministry asks Sebi to withdraw circular on AT1 bonds: Report

"Considering the capital needs of banks going forward and the need to source the same from the capital markets, it is requested that the revised capital norms to treat all perpetual bonds as 100-year tenor be withdrawn. The clause on valuation is disruptive in nature. Instructions that reduce concentration risks on such instruments in MF portfolio can be retailed as MF have adequate headroom even with 10% ceiling," the Finance Ministry note told the market regulator, reported Hindu Business Line. READ MORE

2:59 PM

Blue Dart extends rally as parent company posts record profit for CY20

Shares of Blue Dart Express hit a new high of Rs 5,526.25, up 3 per cent, on the BSE in intra-day trade on Friday after its parent company DHL group posted a record profit for the calendar year 2020 (CY20), primarily driven by the global e-commerce boom, which led to considerably higher shipment volumes in the parcel and express business. The company’s 2020 operating profit was at €4.8 billion, up 17.4 per cent on a year-on-year (YoY) basis. READ MORE

2:53 PM

Quiet and steady: Gautam Adani beats Musk, Bezos with biggest wealth surge

The net worth of Adani, a first-generation entrepreneur who rarely speaks publicly, has jumped $16.2 billion in 2021 to $50 billion, according to the Bloomberg Billionaires Index. This has made him the year’s biggest wealth gainer, beating even Jeff Bezos and Elon Musk, who have tussled in 2021 for the title of world’s richest. Shares of all Adani group stocks, except one, have rallied at least 50% this year. READ MORE

2:41 PM

NEWS ALERT :: HDFC Bank to bear cost of Covid-19 vaccination for employees & their dependent family members

(Source: CNBC TV18)

2:39 PM

GLOBAL MARKET ALERT :: US futures extend decline

> Nasdaq futures down over 1.5% in trade

2:34 PM

UK economy contracts 2.9% in January, trade with EU hit hard by Brexit

Britain's economy shrank by less than feared in January as the country went back into a coronavirus lockdown, official data showed, but trade with the European Union was hit hard at the start of the country's new, post-Brexit trading relationship.

 

Gross domestic product in January was 2.9% lower than in December, the Office for National Statistics said. READ MORE

2:26 PM

India Glycols dips 9% on forming JV with Clariant for BioEO biz

Shares of India Glycols, on Friday, slipped 9 per cent to Rs 529; falling 13 per cent from day’s high, on the BSE in intra-day trade after its board approved the transfer of the company's BioEO (speciality chemicals) business to IGL Green Chemicals Private Limited (IGCPL), a wholly owned subsidiary. BioEO accounted for 12.85 per cent of the total revenue and 26.20 per cent of the total net-worth of India Glycols, as on March 31, 2020. READ MORE

2:24 PM

NEWS ALERT :: Accident at Tyche Industries' factory in Kakinada

On 11 March 2021, an accident occured in one section of our factory at Kakinada, due to blast in reactor. The accident has resulted in damage to some equipment in the particular section of the factory and unfortunate death of two workman and injuries of four others.  

2:18 PM

Sensex Heatmap | Top gainers & losers at this hour

2:10 PM

SmallCaps hold their ground

1:55 PM

ECONOMIC PULSE | Inflation is already creeping into some corners of the world economy

In commodities like soybeans or copper, industries like shipping and countries like Brazil, prices have been climbing rapidly –- for reasons directly tied to the disruptions of Covid-19, the policy response, or the surge in demand that comes with hopes of recovery.

None of this is enough to settle the great inflation debate one way or the other. READ MORE