Indices end higher after a choppy session, Nifty hold 10100; IT stocks gain
All that happened in the market today
 "Markets, Stocks, BSE, NSE")
Markets, Stocks, BSE, NSE
1:14 PM
National Aluminium Company Ltd (Nalco) has firmed up plans to set up a joint venture with Ontario (Canada)-based Almex for the production of automotive-grade aluminium. The project, estimated to cost Rs 25 billion, will come up at the downstream aluminium park at Angul (Odisha) in the vicinity of Nalco’s aluminium smelting unit. READ MORE
Nalco, Canada's Almex to forge JV for Rs 25 bn auto-grade aluminium unit
National Aluminium Company Ltd (Nalco) has firmed up plans to set up a joint venture with Ontario (Canada)-based Almex for the production of automotive-grade aluminium. The project, estimated to cost Rs 25 billion, will come up at the downstream aluminium park at Angul (Odisha) in the vicinity of Nalco’s aluminium smelting unit. READ MORE
1:01 PM
Primary domestic steel producers will ask the government for a mid-term review of the anti-dumping duty on hot- and cold-rolled steel products in the wake of a sharp rise in raw material prices since the duty was imposed in August 2016. READ MORE
Domestic steel companies to urge Centre for anti-dumping duty revision
Primary domestic steel producers will ask the government for a mid-term review of the anti-dumping duty on hot- and cold-rolled steel products in the wake of a sharp rise in raw material prices since the duty was imposed in August 2016. READ MORE
12:45 PM
Shares of Elpro International have surged 20% to Rs 49.45 per share on the BSE in intra-day trade after the company said it will offload 1.25% of its equity stake in PNB MetLife Insurance Company (MetLife), which may fetch it about Rs 1,250 million. READ MORE
Elpro International zooms 20% on PNB MetLife stake sale plan
Shares of Elpro International have surged 20% to Rs 49.45 per share on the BSE in intra-day trade after the company said it will offload 1.25% of its equity stake in PNB MetLife Insurance Company (MetLife), which may fetch it about Rs 1,250 million. READ MORE
12:30 PM
Shares of airline companies such as SpiceJet, InterGlobe Aviation (IndiGo) and Jet Airways (India) gained by upto 2% on the BSE after the domestic air passenger traffic recorded 24.14% year on year surge at 10.7 million in February 2018. READ MORE
Airline stocks trade firm post February domestic passenger traffic data
Shares of airline companies such as SpiceJet, InterGlobe Aviation (IndiGo) and Jet Airways (India) gained by upto 2% on the BSE after the domestic air passenger traffic recorded 24.14% year on year surge at 10.7 million in February 2018. READ MORE
12:16 PM
Top gainers in BSE Midcap
| COMPANY | LATEST | PREV CLOSE | GAIN() | GAIN(%) | VOLUME |
| JINDAL STEEL | 232.15 | 220.90 | 11.25 | 5.09 | 1020059 |
| S A I L | 71.90 | 68.85 | 3.05 | 4.43 | 1128944 |
| MARICO | 312.90 | 301.90 | 11.00 | 3.64 | 46004 |
| CROMPTON GR. CON | 226.00 | 219.80 | 6.20 | 2.82 | 6617 |
| RELIANCE CAPITAL | 428.75 | 418.90 | 9.85 | 2.35 | 253754 |
12:01 PM
Markets at noon
| S&P BSE Sensex | 33,058.89 | 0.41% | |
| Nifty 50 | 10,141.95 | 0.47% | |
| S&P BSE 200 | 4,435.48 | 0.42% | |
| Nifty 500 | 8,934.25 | 0.45% | |
| S&P BSE Mid-Cap | 16,021.21 | 0.36% | |
| S&P BSE Small-Cap | 17,262.24 | 0.20% | |
11:46 AM
Market may be heading for a bear phase; short-term trend clearly negative
The market broke down from a trading zone and it now appears to heading into what could be a long-term bear market. The Nifty was trading a zone of 10,300-10,600. Once a key support at 10,275 broke, the likely target would be about 10,000. That is well below its own 200-Day Moving Average ( 200-DMA), which is currently around 10,150. Friday, the Nifty dropped below its 200-DMA when it closed at 10,094. A move below the 200-DMA generally indicates a long-term bear market.
The short-term trend is clearly negative. The next bounce, on short-covering is likely to come along soon. But, the zone at 10,275-10,300 is now likely to provide stiff resistance. A quick rebound beyond 10,300 could lead to another phase of range trading. The VIX has climbed, which does indicate fear. Breadth was negative and there's more volume in net losers. READ MORE
11:31 AM
Top Nifty IT gainers
| COMPANY | LATEST | PREV CLOSE | GAIN() | GAIN(%) | VOLUME |
|---|---|---|---|---|---|
| TECH MAHINDRA | 622.00 | 609.90 | 12.10 | 1.98 | 1133857 |
| INFOSYS | 1155.55 | 1146.75 | 8.80 | 0.77 | 1482173 |
| KPIT TECH. | 227.85 | 226.20 | 1.65 | 0.73 | 742199 |
| TCS | 2848.25 | 2831.00 | 17.25 | 0.61 | 674243 |
| HCL TECHNOLOGIES | 931.70 | 926.50 | 5.20 | 0.56 | 603784 |
11:17 AM
After Facebook and Google, Twitter likely to ban cryptocurrency ads: Report
After Facebook and Google, Twitter was now likely to ban cryptocurrency, token sales and Initial Coin Offerings (ICO) advertisements on its platform.
According to a Sky News report on Monday, the new Twitter policy will be implemented in two weeks. "Twitter may also ban all ads for cryptocurrency exchanges, with some limited exceptions, when the policy is launched," the report added. Google last week announced that it will ban advertisements for cryptocurrencies and other "speculative financial products" across its ad platforms. READ MORE
11:02 AM
Domestic investment bankers rake in hefty bonuses as issues swell
Domestic investment bankers are set to sign off a blockbuster year for equity fund-raising by taking home hefty bonuses, ranging between 100 and 200 per cent of their annual pay.
The current financial year has seen a mop-up in excess of Rs 1.2 trillion, a historic high, by way of initial public offerings (IPOs) and qualified institutional placements (QIPs).
Bonuses are typically commensurate with deal activity in any given year. Investment banks, on average, pocket 2-3 per cent as fees for managing an IPO and 1.5-2 per cent for handling QIPs. Fees vary depending on the issue size and the number of bankers managing the deal. READ MORE
10:45 AM
Canara Bank has dipped 5% to Rs 251 on the BSE in early morning trade after a media report suggested that the Central Bureau of Investigation (CBI) has filed a charge sheet against ex-chairman and managing director (ex-CMD) of the state-owned bank. READ MORE
Canara Bank dips 5% on report of CBI filing charge sheet against ex-CMD
Canara Bank has dipped 5% to Rs 251 on the BSE in early morning trade after a media report suggested that the Central Bureau of Investigation (CBI) has filed a charge sheet against ex-chairman and managing director (ex-CMD) of the state-owned bank. READ MORE
10:31 AM
Top BSE 500 gainers
| COMPANY | LATEST | PREV CLOSE | GAIN() | GAIN(%) | VOLUME |
|---|---|---|---|---|---|
| VAKRANGEE | 271.00 | 260.45 | 10.55 | 4.05 | 515893 |
| RELIANCE INFRA. | 440.50 | 424.30 | 16.20 | 3.82 | 164118 |
| BHARTI INFRA. | 339.55 | 327.30 | 12.25 | 3.74 | 29229 |
| S A I L | 71.20 | 68.85 | 2.35 | 3.41 | 744834 |
| MARICO | 310.90 | 301.90 | 9.00 | 2.98 | 29870 |
10:15 AM
Gujarat State Petronet (GSPL) dipped 6% to Rs 178 on the BSE in early morning trade after the company said that its board approved the acquisition of 28.4% stake of Gujarat Gas (GGL) from Gujarat State Petroleum Corporation (GSPCL) by way of an inter-se transfer. GSPL is a subsidiary company of GSPCL. READ MORE
GSPL falls 6% after board approves stake buy in Gujarat Gas
Gujarat State Petronet (GSPL) dipped 6% to Rs 178 on the BSE in early morning trade after the company said that its board approved the acquisition of 28.4% stake of Gujarat Gas (GGL) from Gujarat State Petroleum Corporation (GSPCL) by way of an inter-se transfer. GSPL is a subsidiary company of GSPCL. READ MORE
10:01 AM
Market Check
| S&P BSE Sensex | 32,973.83 | 0.15% | |
| Nifty 50 | 10,104.15 | 0.10% | |
| S&P BSE 200 | 4,426.51 | 0.22% | |
| Nifty 500 | 8,904.95 | 0.12% | |
| S&P BSE Mid-Cap | 16,016.57 | 0.34% | |
| S&P BSE Small-Cap | 17,230.95 | 0.01% | |
9:47 AM
At a time when the stock markets are near all-time highs, many would want to invest in ICICI Securities (I-Sec), the country's largest equity broker since 2013-14, based on brokerage revenue and active customers on the National Stock Exchange. READ MORE
IPO analysis: Strong prospects for I-Sec, but correlated to markets
At a time when the stock markets are near all-time highs, many would want to invest in ICICI Securities (I-Sec), the country's largest equity broker since 2013-14, based on brokerage revenue and active customers on the National Stock Exchange. READ MORE
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First Published: Mar 20 2018 | 3:30 PM IST
