RIL, banks lift indices for 3rd day; Sensex gains 1,148 pts, ends above 51K

he frontline Nifty50 index made a dash for 15,300-mark in the intra-day trade, and hit a high of 15,273.

8:56 AM

Is MTAR Tech IPO worth subscribing? All you wanted to know

The company looks to raise up to Rs 596.41 crore via a combination of fresh issue of shares worth Rs 123.51 crore and an offer for sale of Rs 472.90 crore. The IPO is slated to run between March 3-5 with a price band of Rs 574- 575 per share. MTAR plans to utilise the money raised for repayment of the borrowings, to fund the working capital requirements and for general purposes. READ MORE

8:50 AM

Top stocks to keep on radar today

Ion Exchange: Rakesh Radheyshyam Jhunjhunwala and his firm Rare Investments on Tuesday offloaded shares worth nearly Rs 65 crore in Ion Exchange India Ltd, through open market transactions.

 

RIL, Airtel, Voda Idea: India's first auction of telecom spectrum in five years ended on Tuesday with Rs 77,814.80 crore of airwaves being acquired, mostly by billionaire Mukesh Ambani's Reliance Jio which picked up 488.35 MHz of spectrum for Rs 57,122.65 crore. Bharti Airtel acquired 355.45 MHz at Rs 18,698.75 crore, and Vodafone Idea with 11.80 MHz for Rs 1,993.40 crore. READ MORE

8:45 AM

Short-term trend in Nifty bearish: Vinay Rajani

Despite the recent recovery from the last week's low, Nifty is still having bearish formation of lower top and lower bottom formation on the daily charts. Unless Nifty closes above 15,180, trend would be considered bearish. However, the trend of midcap and smallcap stocks has been strong and stock specific bullishness is likely to continue. Supports for the Nifty are seen at 14,760 and 14,638. READ MORE

8:41 AM

Bulk deals on the BSE as on Tuesday

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8:38 AM

Bulk deals on the NSE as on Tuesday

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8:34 AM

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

8:31 AM

Rupee check

Source: Bloomberg

8:29 AM

Oil slips on concerns that OPEC+ may be set to pump up supply

>> Oil prices were down in early trade on Wednesday, extending several days of losses, amid uncertainty over how much supply producing countries will push to restore to the market at a meeting this week while the coronavirus pandemic persists.

>> US West Texas Intermediate (WTI) crude futures fell 18 cents, or 0.3%, to $59.57 a barrel, down 6% since Feb. 25, when they hit their highest close since May 2019. Brent crude futures dipped 7 cents, or 0.1%, to $62.63 a barrel, down 7% from a 13-month high hit last week.

(Source: Reuters)

8:26 AM

SGX Nifty Update

Tracking cues from global peers, domestic markets look set to open in the green for the 3rd day in a row, although gains are likely to be meek. At 8.25 am, Nifty futures on SGX were up 29 points, indicating a flat-to-positive start for D-Street.

8:20 AM

Asian market check

In Asia, the stocks were trading marginally higher as investors shrugged off concerns that stocks may have rallied too far too fast in the past year and focused instead on optimism that more imminent US stimulus will energise the global economic recovery.

 

Australia’s S&P/ASX 200 index rose 0.6%, South Korea’s Kospi index added 0.3% while Japan's Topix index was flat.

8:14 AM

Wall Street check

In the overnight session, Wall Street ended lower, pulled down by losses in Apple and Tesla. The Dow Jones Industrial Average fell 0.46%, the S&P 500 lost 0.81% and the Nasdaq Composite dropped 1.69%.

8:04 AM

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