Bull run continues for 3rd day; Sensex ends 254 pts up; IT, metal stks jump

Among sectoral indices, the Nifty Metal index remained the star performer today, closing 1.8 per cent higher, followed closely by the Nifty IT index (up 1.6 per cent).

11:54 AM

Aurionpro soars 44% in 2 days on strategic partnership with Future-Tech UK

Shares of Aurionpro Solutions, on Wednesday, were locked in 20 per cent upper circuit for the second straight day at a fresh 52-week high of Rs 120.60 on the BSE after the company announced the signing of the strategic partnership with Future-Tech, UK for data center design and consultancy projects in India & South Asia. READ MORE

11:45 AM

Market Check :: Broader markets outperform benchmark

11:35 AM

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

COMPANY	DAY'S HIGH(RS)	DAY'S LOW(RS)	LATEST(RS)	FALL(%)
KPIT Technologi.	174.20	155.00	159.50	-8.44
CSB Bank	270.00	248.60	249.00	-7.78
I D F C	56.65	52.70	52.90	-6.62
Adani Power	84.30	78.60	79.15	-6.11

11:26 AM

Rate-hike bets in India escalate ahead of possible global tightening

Five-year interest-rate swaps jumped 63 basis points in February, the biggest advance since the 2013 taper tantrum, reflecting growing expectations of a tighter monetary policy. Swap rates signal India will see the most rapid tightening of any nation in Asia, according to Standard Chartered Plc. Fears of a resurgence in inflation driven by rising oil prices is adding to the speculation. READ MORE

11:15 AM

JK Cement zooms 111% in 6 months on strong operational performance

In the past six months, JK Cement's share price has zoomed 111 per cent, after the company reported a strong operational performance. The management’s efforts to improve cost efficiencies through newly added capacities (4.2 MT) are expected to drive profitability. In comparison, the S&P BSE Sensex has rallied 32 per cent during the same period. READ MORE

11:06 AM

SECOR WATCH :: Here're the top performing stocks in the auto pack

10:57 AM

India's inclusion in global bond indices faces taxation hurdle

India’s entry into the global bond indices has got postponed because of tax changes sought by their managers. They have also demanded that India list its sovereign debt papers on leading international central securities depositories like Clearstream.

 

This means that taxes on these papers, such as withholding tax, will need to be frozen. The government will have to give in writing that taxes will not be changed to the disadvantage of investors. READ MORE

10:45 AM

MARKET CHECK :: Indices off highs

10:38 AM

IT shares in focus; KPIT, L&T Technology, Mindtree hit record highs

Among indviudal stocks, Coforge surged nearly 7 per cent to Rs 2,750, while Larsen & Toubro Infotech gained 4 per cent to Rs 4,070 in intra-day trade on the BSE. Zensar Technologies, LTTS, Wipro, Mindtree and Mphasis were up in the range of 2 per cent to 3 per cent, while, Infosys, HCL Technologies and Tech Mahindra were up between 1 per cent and 2 per cent. READ MORE

10:29 AM

Demand-driven rise in crude oil prices is good for equity markets: Analysts

Even though the rise in oil prices can strain the fiscal position of an economy, a rise in oil prices – if driven by a surge in demand / consumption – is a positive for equity markets, say analysts. In their recent note, analysts at Jefferies estimate that every $10 per barrel (bbl) rise in the Brent oil price raises India’s trade deficit by around 40-50 basis points (bps). Yet, they believe that the equity markets should be able to digest the recent spurt. READ MORE

10:21 AM

Ease interest risk with target maturity debt funds, say experts

Two target-maturity debt funds are set to hit the market. The new fund offer (NFO) of Edelweiss Nifty PSU Bond Plus SDL Index Fund 2026 opens on Wednesday.

 

This is the first index fund to be launched in the debt space (earlier passive debt funds were all exchange-traded funds, or ETFs). The NFO of another target-maturity fund, Nippon India ETF Nifty SDL-2026 Maturity, will open on March 15. READ MORE

10:13 AM

Five ways active traders can manage their risk for better returns

Trading is a unique way to generate revenue in the investing world. While, this may seem to be rigorous and risky, an organized trader can make extravagant returns. All this is possible if the trading techniques are withhel with proper risk management and disciplined behaviour. Trading in an art a trader develops over a period of time with varied experiences and uncertain situations in the stock market. READ MORE

10:03 AM

SECTOR WATCH:: IT stocks outperform

Company	LATEST(rs)	CHG(%)
KPIT Technologi.	162.95	1.37
Infosys	1363.40	1.32
Wipro	427.05	1.97
HCL Technologies	987.00	1.44
Tech Mahindra	1001.65	1.35

9:54 AM

Tata Group's market capitalisation zooms past Rs 17 trillion-mark

While Reliance Industries is India’s largest firm by market capitalisation, the Tata Group holds sway as the biggest conglomerate. The 153-year-old behemoth has 29 listed entities, and is involved in businesses ranging from tea to technology. Va­lued at over Rs 17 trillion ($232 bn), their combined worth has increased about 47 per cent since the start of last year. READ MORE

9:45 AM

AU Small Finance Bank shares jump 3% as lender launches QIP issue

Shares of AU Small Finance Bank were trading 3 per cent higher at Rs 1,268 on the BSE in intra-day trade on Wednesday after the private sector lender launched its qualified institutional placement (QIP) to raise growth capital. The floor price of the issue has been set at Rs 1,181.06 per share, on which the lender may offer a discount of not more than 5 per cent, according to its exchange filing. The bank's capital-raising committee, it said, will meet on March 15 to determine the issue price and discount to be offered. READ MORE