Sensex soars 936 pts, Nifty tops 16,850; HDFC Bank rises 3%, Paytm dips 12%

CLOSING BELL: Shares of One97 Communications, the parent company of digital payments major Paytm, tanked 14.5 per cent to hit a new low of Rs 662 on the BSE in Monday's intra-day trade

1:44 PM

NEWS ALERT :: RBI releases regulatory framework on microfinance loans

>> Households' total income limit raised to Rs 3 lakh to qualify as MFI loan

>> MFI loans not to have end-use restrictions; earlier 50% of the loan had to be income generating

>> Cap on number of entities lending to one borrower removed

Source: RBI release

1:40 PM

IPOs to watch out for once the primary market starts buzzing

The primary market has entered a period of hibernation because of the spike in volatility in stocks. Investment bankers said several exciting companies are waiting on the sidelines to launch their initial public offerings (IPOs). Once stability returns to the secondary market, companies that have obtained approval from the Securities and Exchange Board of India (Sebi) will start tapping the market. READ MORE

1:34 PM

NEWS ALERT

1:29 PM

BSE 500 top losers this hour: Jubilant Foodworks, AU Small Finance Bank

1:22 PM

Yen slides to five-year low as rest of the world sets off for hikes

The dollar hit a five-year high against the yen on Monday, as traders braced for the U.S. Federal Reserve to begin hiking rates, while reckoning the Bank of Japan remains dovish. READ MORE

1:13 PM

War, pandemic, and inflation deal Federal Reserve a complex triplet

A war in Europe has now been layered on top of the health crisis, and when U.S. central bank policymakers meet this week they will have to decide just how much damage has been done to that rosy outlook, and whether their hopes for an economic "soft landing" have been diminished or dashed altogether. READ MORE

1:11 PM

HDFC Bank gains 3% as RBI lifts restrictions on new digital initiatives

Shares of HDFC Bank rose 3 per cent to Rs 1,436.70 on the BSE in Monday’s intra-day trade as the Reserve Bank of India (RBI) lifted restrictions imposed on the private sector lender regarding its business generating activities planned under the Digital 2.0 programme. READ MORE

1:01 PM

NEWS ALERT :: Further divestment in FY22 hinges on market condition, govt tells Parliament

12:58 PM

NEWS ALERT :: No plan to modify FDI cap of 74% in insurance sector, govt tells Parliament

12:53 PM

BSE 500 Top gainers this hour: Ruchi Soya, DCM Shriram, Zee Entertaiment

12:43 PM

US Markets Futures: Dow Jones up 254 points

Source: Investing.com

12:35 PM

BSE Sensex climbs steadily in trades so far, up 550 points

12:28 PM

Markets are pricing in 25 bps US Fed rate hike: Analysts

On its part, the US has been battling a spike in inflation that hit 7.9 per cent in February - a four-decade high. The CPI has not been the highest since January 1982, when it hit 8.4 per cent. READ MORE

12:19 PM

Sensex Heatmap in early noon deals

12:15 PM

DATA ALERT: India February WPI 13.1% vs 12.96% previous month