Indices drop for 2nd day; Sensex dips 397 pts; metals, IT gain, banks hit

Reliance Industries, HDFC Bank, ICICI Bank, HDFC, Bajaj Finance, L&T, Axis Bank, Infosys, and Asian Paints, down between 0.6 per cent and 3 per cent, dragged the indices lower today

8:55 AM

Top stocks to watch today

MTAR Tech: Shares of MTAR Technologies will debut on the bourses today. The issue which ran between March 3-5 was subscribed over 200 times. The segment reserved for retail investors was subscribed 28.4 times, qualified institutional buyers category was subscribed 165 times and non-institutional category received 650.79 times subscription.

 

SBI Card: SBI Cards and Payment Services (SBI Card), on Friday, said it has received the board's nod to raise up to Rs 2,000 crore by issuing bonds. The company said it will raise the money in one or more tranches over a period of time. READ MORE

8:50 AM

NEWS ALERT :: China's factory output surges as recovery accelerates

>> China’s industrial output growth quickened in January-February, beating expectations, as the vast manufacturing sector started 2021 on a firm footing and the economy consolidated its brisk recovery.

>> Industrial output rose 35.1% in the first two months from a year earlier, up from a 7.3% on-year uptick seen in December, data from the National Bureau of Statistics on Monday. That was stronger than a median forecast of a 30.0% surge in a Reuters poll of analysts.

>> Retail sales in the period also rose in a boost to domestic demand, giving a strong lift to business activity on top of the recent upsurge in exports growth.

(Source: Reuters)

8:47 AM

Bulk deals on the BSE as on Friday

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8:46 AM

Bulk deals on the NSE as on Friday

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8:43 AM

FII/FPI & DII trading activity on NSE, BSE and MSEI

8:40 AM

Rupee check

Source: Bloomberg

8:39 AM

Brent crude floats near $70 on demand recovery anticipation

>> Oil prices edged up on Monday, with Brent drifting near $70 a barrel, propped up by output cuts from major producers and optimism about global economic and fuel demand recovery in the second half of the year.

 

>> Brent crude futures for May gained 23 cents, or 0.3%, to $69.45 a barrel while US West Texas Intermediate crude for April was at $65.90 a barrel, up 29 cents, or 0.4%.

(Source: Reuters)

8:37 AM

SGX Nifty update

>> At 8:36 am, the index was at 15,095 levels, up 66 points or 0.44 per cent.

8:36 AM

Asian markets check

U.S. S&P500 futures rose 0.25% in early Asian trade, trading just below a record high level touched last week, while Japan's Topix index rose 0.7%. Australia’s S&P/ASX 200 Index was flat and Hong Kong’s Hang Seng Index added 0.5%.

8:15 AM

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