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

1:45 PM

Sensex at day's low

1:40 PM

Sectoral trends on NSE at this hour

1:36 PM

Market Check :: Sensex slips into the red

1:35 PM

Top Sensex drags at this hour

1:35 PM

Fall from intra-day high in BSE500 stocks in today's session

COMPANY	DAY'S HIGH(RS)	DAY'S LOW(RS)	LATEST(RS)	FALL(%)
Heritage Foods	376.05	327.70	331.80	-11.77
I T D C	460.00	414.10	416.20	-9.52
Bank Of Maha	25.20	22.95	23.00	-8.73
Indbull.RealEst.	115.95	105.25	106.65	-8.02

1:29 PM

Stocks that hit 52-week high on BSE today

Company	PRICE(rs)	52 WK HIGH	CHG(%)
Astral Poly Tech	2499.00	2627.05	-0.10
Bajaj Consumer	270.35	284.95	-2.54
Balrampur Chini	224.05	226.80	1.49
Blue Dart Expres	5458.55	5526.25	1.89
Can Fin Homes	595.65	601.15	6.03

1:22 PM

MARKET CHECK :: Indices off highs

1:11 PM

Size of average buyout deals grows smaller in 2021: Refinitiv data

A buyout is the purchase of a controlling share in a company. Private equity funds have been doing such transactions at the rate of one every three days so far in 2021. There have been 21 such deals this calendar year, shows data till the beginning of March from tracker Refinitiv, now part of the London Stock Exchange Group. READ MORE

12:58 PM

Adani Ports credit profile unaffected by Gangavaram Port acquisition: Fitch

There is no credit impact on Adani Ports and Special Economic Zone (APSEZ) from its proposed acquisition of a minority 31.5 per cent stake in Gangavaram Port Ltd (GPL) from Warburg Pincus Llc, according to Fitch Ratings. The purchase price of Rs 19,500 crore will be fully funded through APSEZ's internal accruals and cash balance. Fitch said the acquisition supports APSEZ's port portfolio by diversifying concentration away from the west coast of India. READ MORE

12:51 PM

IPO Update :: Anupam Rasayan IPO crosses halfway mark, subscribed 0.56%

> The IPO as of 12.50 pm had received bids for 54,11,691 shares vs total issue size of 97,01,809 shares.

12:41 PM

Analysts remain bullish on mid, small-caps despite stellar show

Despite the sharp outperformance on a year-to-date (YTD) basis, analysts still believe small-and midcaps (SMIDs) have more steam left. Though there can be an intermittent correction, stock selection will be key, they say. The optimism stems from the better-than-expected rebound in economic activity after a stringent lockdown for a few months in 2020 coupled with efficacy of the COVID vaccine. READ MORE

12:34 PM

BSE Smallcap index hits new high; HLE Glascoat zooms 108% in a month

Shares of smallcap companies were in focus in Friday's trade as the S&P BSE Smallcap index hit a new high of 21,411, up 1 per cent, on the back of a strong rally in power, textiles, jewellery, industrial machinery, chemicals and packaging stocks. The smallcap index surpassed its previous high of 21,389 touched on March 3, 2021. In comparison, the S&P BSE Sensex was up 0.73 per cent and the S&P BSE Midcap index was up 0.82 per cent. READ MORE

12:29 PM

MARKET VIEW | Gaurav Garg, Head of Research at CapitalVia Global Research

The market opened with a gap up and near to all-time high and since then we have observed a lack of momentum in the market. US markets reached all time high on 11th March after the worries about the rising inflation subsided. The sentiments in the markets remain positive after the US jobless claims decreased. Asian markets also mostly trade in green after the global positive cues. The market's nearest support would be 15100-15130 while 15410-15440 can act as a resistance in the short period of time.

12:24 PM

SECTOR WATCH:: Fertiliser stocks in focus

COMPANY NAME	LATEST	HIGH	CHG(%)
R C F	88.05	90.45	3.96
Natl.Fertilizer	63.55	64.70	3.08
F A C T	123.55	125.65	4.22
G S F C	99.35	100.35	1.48

12:19 PM

Titan, Lupin: How to trade dark horses in Rakesh Jhunjhunwala's portfolio

Big Bull Rakesh Jhunjhunwala, touted as India's Warren Buffett, is one of the country's most successful investors. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises, and even invests in his wife, Rekha Jhunjhunwala's name. According to Forbes, Jhunjhunwala's net worth stood at $4.3 billion as of March 12, 2021, and was ranked at 54th position in India's 100 Richest People in 2020. READ MORE