Sensex ends 130 pts lower, Nifty a tad above 10100; PSU banks, realty fall
All that happened in the market today
 "Photo: iStock")
Photo: iStock
1:04 PM
In a first, Goldman not among top 3 commodity banks as trading losses weigh
Goldman Sachs Group Inc, for decades Wall Street’s dominant commodities trader, has lost its place among the top three banks in the sector for the first time, according to research group Coalition Development Ltd.
Trading losses in natural gas and power dragged Goldman to its worst annual performance in commodities in its history as a public company last year, leading to a string of high profile exits from the bank’s raw-materials unit. READ MORE
12:45 PM
INTERVIEW OF THE DAY Use volatility as a friend, increase allocation to equities: Rajesh Saluja
Indian equities may not see much action in 2018 given the various headwinds and elections ahead, but, Rajesh Saluja, managing director and chief executive officer, ASK Wealth Advisors, tells Vishal Chhabria that for a 3- to 5-year horizon, he is advising clients to use volatility as a friend and increase allocation to equities. He believes that stocks will get re-rated as earnings catch up, and that’s what equity investors should look at. READ MORE
Indian equities may not see much action in 2018 given the various headwinds and elections ahead, but, Rajesh Saluja, managing director and chief executive officer, ASK Wealth Advisors, tells Vishal Chhabria that for a 3- to 5-year horizon, he is advising clients to use volatility as a friend and increase allocation to equities. He believes that stocks will get re-rated as earnings catch up, and that’s what equity investors should look at. READ MORE
Rajesh Saluja, Managing Director and Chief Executive Officer, ASK Wealth Advisors
12:30 PM
Dealers suggest govt to issue more floating rate bonds of above 15 years
Ahead of the issuance of its borrowing calendar for the next financial year, central government representatives met bond dealers to gauge the market’s mood on the Rs 6 trillion loan plan. The meeting was customary but assumes significance as 10-year bond yields have risen 100 basis points in the two quarters since October, even as the Reserve Bank kept its policy rates unchanged. READ MORE
12:15 PM
Shares of oil exploration and production companies such as Oil and Natural Gas Corporation (ONGC), Oil India, Aban Offshore, Jindal Drilling & Industries, Hindustan Oil Exploration Deep Industries and Selan Exploration Technology Company have rallied by up to 16% on the BSE in intra-day trade after oil hit a six-week high on Wednesday. READ MORE
ONGC, Oil India gain; BPCL, IOC, HPCL dip as oil hits six-week high
Shares of oil exploration and production companies such as Oil and Natural Gas Corporation (ONGC), Oil India, Aban Offshore, Jindal Drilling & Industries, Hindustan Oil Exploration Deep Industries and Selan Exploration Technology Company have rallied by up to 16% on the BSE in intra-day trade after oil hit a six-week high on Wednesday. READ MORE
12:01 PM
Market Check
| S&P BSE Sensex | 33,136.92 | 0.00% | |
| Nifty 50 | 10,150.85 | -0.04% | |
| S&P BSE 200 | 4,438.76 | -0.12% | |
| Nifty 500 | 8,930.70 | -0.21% | |
| S&P BSE Mid-Cap | 15,939.83 | -0.57% | |
| S&P BSE Small-Cap | 17,133.93 | -0.64% | |
11:45 AM
HCC falls 15% on reports of subsidiary Lavasa Corp heading for bankruptcy
Hindustan Construction Company (HCC) hit 18-month low of Rs 24.60, down 15%, extending its Wednesday’s 5% decline on the BSE after the media report suggested that the company’s subsidiary Lavasa Corporation headed for bankruptcy.
Lavasa Corporation Ltd (LCL), a unit of HCC that's developing it, is considering approaching the National Company Law Tribunal (NCLT) owing to challenges faced in raising money for project completion, the DNA report suggested. READ MORE
11:31 AM
Top BSE500 gainers
» More on Top Gainers
| COMPANY | PRICE() | CHG() | CHG(%) | VOLUME |
|---|---|---|---|---|
| SOMANY CERAMICS | 676.00 | 20.55 | 3.14 | 55 |
| SUNDRAM FASTEN. | 576.05 | 15.00 | 2.67 | 9923 |
| ABAN OFFSHORE | 165.75 | 4.25 | 2.63 | 267066 |
| R C F | 77.25 | 1.85 | 2.45 | 495318 |
| OIL INDIA | 338.25 | 7.95 | 2.41 | 87943 |
11:15 AM
La Opala RG trades ex-bonus today; stock falls 12%
La Opala RG has dipped 12% to Rs 288 on the BSE as the stock adjusted for the bonus shares in the ratio of 1:1 (i.e. one bonus share for every one share held on the record date) with effect from today.
The Company has fixed Friday, March 23, 2018 as the record date in order to determine the eligible shareholders to receive bonus shares. The Members whose names will appear in the register of members of the Company and/or Register of beneficial owners maintained by the depositories at the close of business hours on March 23, 2018, will be entitled to receive the bonus shares. READ MORE
11:02 AM
Public sector undertakings (PSUs) have mopped up about Rs 535 billion by way of initial public offerings (IPOs) and qualified institutional placements (QIPs) this financial year, a record high. The amount raised is more than the combined amount garnered in the previous 10 financial years. READ MORE
Equity mop up by PSUs at record this fiscal at Rs 535 bn through IPOs, QIPs
Public sector undertakings (PSUs) have mopped up about Rs 535 billion by way of initial public offerings (IPOs) and qualified institutional placements (QIPs) this financial year, a record high. The amount raised is more than the combined amount garnered in the previous 10 financial years. READ MORE
10:45 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 ICICI-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
10:30 AM
Members of clearing corporations in commodity derivatives segment need to have a minimum liquid networth of Rs 50 lakh, Sebi said today. Tweaking the risk management norms for commodity derivatives segment, the regulator also said commodity derivatives exchanges should comply with provisions related to acceptance of Fixed Deposit Receipts (FDRs) by clearing corporations. READ MORE
Sebi tweaks risk management norms for commodity derivatives segment
Members of clearing corporations in commodity derivatives segment need to have a minimum liquid networth of Rs 50 lakh, Sebi said today. Tweaking the risk management norms for commodity derivatives segment, the regulator also said commodity derivatives exchanges should comply with provisions related to acceptance of Fixed Deposit Receipts (FDRs) by clearing corporations. READ MORE
10:16 AM
The Securities and Exchange Board of India (Sebi) may impose trading restrictions on shares of companies that are undergoing insolvency proceedings. The move, which is also a demand by industry players, is aimed at reducing volatility in stock prices and curbing manipulation or misuse of price-sensitive information. READ MORE
Sebi may impose trading curbs on cos undergoing insolvency proceedings
The Securities and Exchange Board of India (Sebi) may impose trading restrictions on shares of companies that are undergoing insolvency proceedings. The move, which is also a demand by industry players, is aimed at reducing volatility in stock prices and curbing manipulation or misuse of price-sensitive information. READ MORE
9:59 AM
Market Check
| S&P BSE Sensex | 33,252.66 | 0.35% | |
| Nifty 50 | 10,194.50 | 0.39% | |
| S&P BSE 200 | 4,456.77 | 0.29% | |
| Nifty 500 | 8,977.80 | 0.32% | |
| S&P BSE Mid-Cap | 16,045.69 | 0.09% | |
| S&P BSE Small-Cap | 17,275.21 | 0.18% | |
9:46 AM
Volume Toppers
| COMPANY | PRICE() | CHG() | CHG(%) | VOLUME |
|---|---|---|---|---|
| REL. COMM. | 26.00 | 0.80 | 3.17 | 2204386 |
| PC JEWELLER | 357.70 | 12.85 | 3.73 | 1435078 |
| JP ASSOCIATES | 19.35 | -0.15 | -0.77 | 915489 |
| IDBI BANK | 76.65 | 0.75 | 0.99 | 683623 |
| HIND.CONSTRUCT. | 27.60 | -1.30 | -4.50 | 656995 |
9:32 AM
Sun Pharmaceuticals Industries was up 3% at Rs 522 on the BSE in early morning trade after the company on Wednesday post market hours announced US Food and Drug Administration (USFDA) approval for psoriasis drug Ilumya, its first biologic drug in the market. READ MORE
Sun Pharma gains on USFDA nod for psoriasis drug Ilumya
Sun Pharmaceuticals Industries was up 3% at Rs 522 on the BSE in early morning trade after the company on Wednesday post market hours announced US Food and Drug Administration (USFDA) approval for psoriasis drug Ilumya, its first biologic drug in the market. READ MORE
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First Published: Mar 22 2018 | 3:31 PM IST
