MARKET WRAP: Sensex gains 196 pts, Nifty tops 10,850; PSBs jump up to 12%

Here's a look at all that happened in Friday's session.

11:37 AM

NEWS ALERT | Motherson Sumi acquires Bombardier's UK rolling stock electrical component and systems business

11:32 AM

NEWS ALERT | Ashok Leyland reports sale of 18,245 units in February

11:20 AM

Bharti Airtel falls 5% after announcing fund raising plan via rights issue

Shares of Bharti Airtel dipped 5 per cent to Rs 303 on the BSE in intra-day trade after the company said its board of directors approved a fund raising plan of up to Rs 32,000 crore through a mix of rights issue and bond. READ MORE

11:05 AM

NEWS ALERT | Maurti Suzuki reports 0.8% decline in February sales at 1.48 lakh units

10:55 AM

Sugar stocks surge up to 10% as govt approves Rs 10,540 cr soft loans

Uttam Sugar Mills, Dharani Sugars & Chemicals, Triveni Engineering & Industries, DCM Shriram Industries, Thiru Arooran Sugars and Dwarikesh Sugar Industries were up in the range of 5 to 10 per cent on the BSE in intra-day trade. READ MORE

10:51 AM

Coal India to miss annual output target of 652 million tonne by huge margin

Even if Coal India produces 2 mt of coal daily despite MCL suffering huge production losses, the state-owned miner's total production will be in the range of 580-590 mt by FY19. READ MORE

10:29 AM

NITI Aayog: Want to boost EV component and battery manufacturing in India

10:27 AM

NITI Aayog: Looking to cover 20 lakh vehicles in FAME-II

10:27 AM

COMMENT :: MSCI raises China A-share inclusion factor from 5% to 20%

David Rabinowitz, UBS head of Asia-Pacific market structure

The MSCI awhile ago, announced a three-step weight increase of China A-shares in its global indexes. MSCI indicates that the weight of A-shares may further increase if China continues to promote the further opening and development of the market (e.g. permitting the listing of index futures and other derivatives on onshore and offshore exchanges.

The increased weighting of China A-shares in the global, regional and emerging market segments will lead to a recalibration of benchmark representation. We see a continued shift in the rebalancing of both active and passive portfolios to account for these changes that reflects a desire to expedite reform measures and entice international exposure to China.

We are encouraged by the success of the China Connect platform as well as by the proposed enhancements  to QFII/RQFII. Further improvements to governance structures and accountability in China, as well as increased accessibility and investability across different asset classes and between cash and derivative instruments, will heighten interest across the full spectrum of exchange participants.

 

10:26 AM

NITI Aayog: Looking at manufacture of electric vehicles

10:26 AM

NEWS ALERT | Cabinet gives its nod for Phase II of the Fame India scheme: Amitabh Kant to CNBC TV18

10:23 AM

Momentum Picks by ICICI Securities

10:20 AM

NEWS ALERT | ED conducting searches at Kochhar and Dhoot's offices in Mumbai, as per TV reports

10:16 AM

Sebi urges govt rethink on RBI representation on its board, cites its work

Capital markets watchdog Sebi wants the government to end the practice of Reserve Bank of India nominating a member, or alternatively provide for a cross-representation of the two regulators on each other's boards. Officials said the Securities and Exchange Board of India (Sebi) first proposed that the finance minister amend the Sebi Act to discontinue RBI's representation on its board, as it already has adequate presence of the government nominees and in its over 25 years of existence the regulator has evolved as an "effective and one of the best in the world". READ MORE

10:09 AM

Index watch

INDEX	LATEST	PREVIOUS	CHANGE	CHANGE(%)
	36083.28	35867.44	215.84	0.60
	14301.42	14196.80	104.62	0.74
	14467.30	14318.36	148.94	1.04
	13860.35	13689.84	170.51	1.25
	4190.42	4164.44	25.98	0.62