Nifty ends 1% lower, fails to hold 10,100 mark, Sensex down 252 points
All that happened in the market today
 "Markets, Stocks, BSE, NSE, SENSEX")
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1:00 PM
BSE Midcap: Vakrangee top gainer, while SAIL, Central Bank of India among top losers
12:47 PM
What makes Au Small Finance Bank possibly India's most expensive bank?
The bad news in India has been banks. The good news in India is Au Small Finance Bank. The bank was not in existence a year ago. The day it listed, it was valued in excess of Rs 15 billion. The promoter’s holding of 32 per cent was now worth more than Rs 50 billion. READ MORE
12:30 PM
This month will go down as one of the busiest month for maiden offerings. Around eight initial public offerings (IPOs), cumulatively raising nearly Rs 160 billion, are being launched. In terms of the number of deals, this is the most since September 2011, when nine IPOs were launched in a single month. READ MORE
Companies are launching IPOs in March ahead of introduction of LTCG tax
This month will go down as one of the busiest month for maiden offerings. Around eight initial public offerings (IPOs), cumulatively raising nearly Rs 160 billion, are being launched. In terms of the number of deals, this is the most since September 2011, when nine IPOs were launched in a single month. READ MORE
12:16 PM
HG Infra Engineering (HGIEL) was trading 2% higher at Rs 302, extending its 10% rise in past two sessions on the BSE, after the company said it has been declared lowest bidder (L-1) for a new EPC project under Ministry of Road Transportation & Highway (MORTH) for upgradation to two lanes with paved shoulder configuration of the Kundal-Jhadol section of NH-58E in Rajasthan. READ MORE
HG Infra extends gain after winning EPC project in Rajasthan
HG Infra Engineering (HGIEL) was trading 2% higher at Rs 302, extending its 10% rise in past two sessions on the BSE, after the company said it has been declared lowest bidder (L-1) for a new EPC project under Ministry of Road Transportation & Highway (MORTH) for upgradation to two lanes with paved shoulder configuration of the Kundal-Jhadol section of NH-58E in Rajasthan. READ MORE
12:01 PM
Market Check
| S&P BSE Sensex | 33,056.35 | -0.36% | |
| Nifty 50 | 10,141.90 | -0.52% | |
| S&P BSE 200 | 4,432.19 | -0.82% | |
| Nifty 500 | 8,927.30 | -0.86% | |
| S&P BSE Mid-Cap | 15,990.39 | -1.41% | |
| S&P BSE Small-Cap | 17,295.02 | -1.60% | |
11:45 AM
PFC, REC, NTPC could form joint venture to bid for stressed assets
Two leading public sector lenders in the power business and a state-owned power-generating giant are likely to come together and bid for stressed assets that will go through resolution under the Insolvency and Bankruptcy Code (IBC).
Power Finance Corporation (PFC), which has a considerable debt exposure to the sector; Rural Electrification Corporation, which lends to development power schemes; and maharatna public sector undertaking (PSU) NTPC are thinking of forming a company that will buy out power projects. READ MORE
11:39 AM
STOCKS IN NEWS
(Source: IIFL report)
· Videocon Industries clarified that it is evaluating process to sell stake in Brazil oil block
· Zee Entertainment calls off deal to acquire 100% equity stake in 9X entities
· Grasim Industries increased epoxy resin production capacity at Gujarat plant to 1.23 lakh metric tonnes per annum
· Max Financial to raise funds for making investment in subsidiary, Max Life Insurance
· Gujarat Fluorochemicals approves offer for sale for 6.1% equity of Inox Wind at price of Rs 115 each
· Thermax won order worth Rs. 503cr for co-generation plants In Haryana and Punjab
· UPL’s stake in Brazil’s Sinagro Group falls to 45% from 49%
· TV Today to sell three radio stations with ISHQ 104.8FM to ENIL
· Orchid Pharma received three bids under insolvency proceedings
· Sona Koyo Engineering’s promoter JTEKT Corporation to sell about 47 lakh shares on March 19,20 via offer for sale route
· Cadila Health received final approval from the U.S. FDA for omeprazole and sodium bicarbonate capsules
· PNC Infratech emerged as the lowest bidder for Rs. 1,197cr Aligarh-Kanpur project
· Indian Oil, BPCL might buy 26% stake each in GAIL
· Liberty House’s bid for ABG Shipyard rejected
(Source: IIFL report)
11:34 AM
INTERVIEW OF THE DAY Economic upturn aiding markets, but no shortage of risks: Lambregts, Erken
As global financial markets look forward to the outcome of the US Federal Reserve (US Fed) meeting this week, London-based JAN LAMBREGTS, managing director and global head of financial markets research at Rabobank International, and HUGO ERKEN, its senior economist and country analyst for North America, Mexico and India, tell Puneet Wadhwa India is on course to achieve 8.3 per cent GDP growth in the September quarter READ MORE HERE
As global financial markets look forward to the outcome of the US Federal Reserve (US Fed) meeting this week, London-based JAN LAMBREGTS, managing director and global head of financial markets research at Rabobank International, and HUGO ERKEN, its senior economist and country analyst for North America, Mexico and India, tell Puneet Wadhwa India is on course to achieve 8.3 per cent GDP growth in the September quarter READ MORE HERE
11:32 AM
MARKET COMMENT Saurabh Mukherjea, chief executive officer, Ambit Capital
The narrative that the stock market has rallied post May 2014 because the NDA was elected is an example of the “availability heuristic”, i.e. a mental shortcut wherein faced with a decision or an analysis, we prefer to recall recent, easy-to-access information/news. A more convincing narrative of this unique rally is that benign inflation conditions allowed the RBI to provide unprecedented liquidity support (to the economy and to financial markets). Now, with that liquidity support likely to ebb away, both the stock and bond market are in more uncertain territory. That being said, provided the economy continues its cyclical recovery and liquidity does not dry up, I don’t see bear market conditions returning to India
The narrative that the stock market has rallied post May 2014 because the NDA was elected is an example of the “availability heuristic”, i.e. a mental shortcut wherein faced with a decision or an analysis, we prefer to recall recent, easy-to-access information/news. A more convincing narrative of this unique rally is that benign inflation conditions allowed the RBI to provide unprecedented liquidity support (to the economy and to financial markets). Now, with that liquidity support likely to ebb away, both the stock and bond market are in more uncertain territory. That being said, provided the economy continues its cyclical recovery and liquidity does not dry up, I don’t see bear market conditions returning to India
Saurabh Mukherjea
11:30 AM
Volume Toppers
| COMPANY | PRICE() | CHG() | CHG(%) | VOLUME |
|---|---|---|---|---|
| JP ASSOCIATES | 19.80 | -1.10 | -5.26 | 5868978 |
| IDBI BANK | 78.25 | -0.70 | -0.89 | 3292525 |
| REL. COMM. | 23.05 | -0.40 | -1.71 | 2497022 |
| SUZLON ENERGY | 11.44 | -0.25 | -2.14 | 1757885 |
| UNITECH | 6.13 | -0.23 | -3.62 |
1641148 |
11:16 AM
Top 5 losers in Nifty Metal Index
| COMPANY | LATEST | PREV CLOSE | LOSS() | LOSS(%) | VOLUME |
| S A I L | 67.95 | 72.85 | -4.90 | -6.73 | 11239459 |
| NMDC | 118.10 | 126.30 | -8.20 | -6.49 | 4100124 |
| HIND.COPPER | 68.45 | 71.70 | -3.25 | -4.53 | 911637 |
| JINDAL STAIN .HI | 182.45 | 188.85 | -6.40 | -3.39 | 121155 |
| COAL INDIA | 269.80 | 278.20 | -8.40 | -3.02 | 1335953 |
11:00 AM
Shares of state-owned companies were trading under pressure with the S&P BSE PSU Index hitting 52-week low after more than 3% decline in stocks of metals and oil marketing companies (OMCs). READ MORE
BSE PSU index hits 52-week low; SAIL, NMDC down over 5%
Shares of state-owned companies were trading under pressure with the S&P BSE PSU Index hitting 52-week low after more than 3% decline in stocks of metals and oil marketing companies (OMCs). READ MORE
10:45 AM
Interview of the Day Economic upturn aiding markets, but no shortage of risks: Lambregts, Erken
As global financial markets look forward to the outcome of the US Federal Reserve (US Fed) meeting this week, London-based JAN LAMBREGTS, managing director and global head of financial markets research at Rabobank International, and HUGO ERKEN, its senior economist and country analyst for North America, Mexico and India, tell Puneet Wadhwa India is on course to achieve 8.3 per cent GDP growth in the September quarter. READ MORE
As global financial markets look forward to the outcome of the US Federal Reserve (US Fed) meeting this week, London-based JAN LAMBREGTS, managing director and global head of financial markets research at Rabobank International, and HUGO ERKEN, its senior economist and country analyst for North America, Mexico and India, tell Puneet Wadhwa India is on course to achieve 8.3 per cent GDP growth in the September quarter. READ MORE
10:30 AM
Traction for its fast moving consumer goods (FMCG) portfolio led by new launches, receding threat of higher taxation on cigarettes as well as attractive valuations are expected to lead to a rerating of the ITC stock. READ MORE
ITC: Volume recovery in cigarettes, scaling up of FMCG biz are positives
Traction for its fast moving consumer goods (FMCG) portfolio led by new launches, receding threat of higher taxation on cigarettes as well as attractive valuations are expected to lead to a rerating of the ITC stock. READ MORE
10:17 AM
Shilpa Medicare has gained 7% to Rs 488 on the BSE in early morning trade after the company said that it has received Establishment Inspection Report (EIR) from the US drug regulator for its formulation manufacturing facility in Telangana following the audit in November last year. READ MORE
Shilpa Medicare gains 7% on EIR for Jadcherla formulations unit
Shilpa Medicare has gained 7% to Rs 488 on the BSE in early morning trade after the company said that it has received Establishment Inspection Report (EIR) from the US drug regulator for its formulation manufacturing facility in Telangana following the audit in November last year. READ MORE
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First Published: Mar 19 2018 | 3:31 PM IST
