Sensex ends choppy day 234 pts down; Nifty holds 17,150; IT, FMCG weigh

CLOSING BELL: Titan Company, Tech M, Maruti Suzuki, Cipla, IOC, Nestle India, Hero MotoCorp, Eicher Motors, L&T, TCS, Wipro, and Tata Steel were the top laggards

11:58 AM

Macquarie sees long runway for growth for Indian MF industry

The Indian mutual fund (MF) industry still has a long runway for growth despite seeing its assets rise by fivefold in the past decade, almost twice the growth clocked by bank deposits. The overall number of MF folios has increased from 40 million in 2014 to nearly 100 million. Yet, the potential for growth remains large. READ MORE

11:48 AM

Why the mega acquisition of Blinkit may give Zomato digestion problems

Market sentiment, inadequate data and unsustainable unit economics are stacked against the acquisition plan and 10-minute food delivery. READ MORE

11:38 AM

Brokerages see more upside for ZEEL stock amid easing investor concerns

Though the stock has gained 35% over the past month, given that target prices of brokerages range between Rs 410-Rs 450 a share, there is still an upside of over 37% likely from the current levels. READ MORE

11:28 AM

Veranda Learning Solutions' Rs 200-cr IPO to open on March 29

Veranda Learning Solutions’ initial public offering (IPO) will open on March 29 and close on March 31. The company has set the price band for its IPO between Rs 130-137 per share.

11:20 AM

Reliance, SBI, Bharti Airtel hold gains on Sensex

 

11:13 AM

Indian Hotels nears record high ahead of fixing of QIP price band

Shares of Indian Hotels Company were up 3.3 per cent to Rs 226.45 on the BSE in Friday's intra-day trade. The surge comes ahead of the company's board meeting to decide issue price of qualified institutional placement (QIP), scheduled later today. Read more

11:00 AM

WATCH :: Indian equities not a bargain buy at the current levels, says Dan Fineman

11:00 AM

Broader markets buck trend; SmallCaps lead gains

 

10:50 AM

Inox Leisure rallies 8%, hits 52-week high on improved business outlook

Shares of Inox Leisure hit a 52-week high of Rs 479.45, surging 8 per cent on the BSE in Friday’s intra-day trade, supported by heavy volumes. READ MORE HERE

 

10:45 AM

Weak local currencies rein in India, Thai rice export rates

Export prices of rice in top exporters India and Thailand fell this week on the back of a decline in domestic currencies, while traders awaited an upcoming harvest in Vietnam. READ MORE HERE

10:40 AM

Hospitality stocks abuzz: Lemon Tree Hotels, ITDC advance over 3%

10:35 AM

Airtel prepays Rs 8,815 cr towards deferred liabilities for 2015 spectrum

Telecom operator Bharti Airtel on Friday said it has paid Rs 8,815 crore to the government towards part prepayment of deferred liabilities pertaining to spectrum acquired in the 2015 auction. READ MORE HERE

10:30 AM

Tata Consumer to mull fund raise on March 29; Stock top Nifty 50 loser

10:20 AM

GTPL Hathway inks pact with Verimatrix for security; Stock climbs over 2%

10:11 AM

Rupee Opening

Rupee opens higher at 76.15 per US dollar vs Thursday's close of 76.37/$