MARKET WRAP: Sensex loses 162 pts, Nifty ends at 11,605; India VIX jumps 9%

All that happened in markets today

9:00 AM

Motilal Oswal Financial Services on IHFL and LVB merger

The merger is a win-win deal for both IHFL and LVB. IHFL gets access to banking platform, essentially the liability franchisee and provides longevity to its lending business on a consistent basis. LVB, though a 9 decade old bank, has struggled to make mark in a growing banking industry, lost market share and has been constrained for capital. The amalgamated bank will also benefit from the efficiency of IHFL, which operates on a very low C/I ratio of 12.7% (as on FY18) backed by a strong technology architecture. This deal, though a significant long-term positive for IHFL, will have some adverse transition impact on the near-term return ratios.

8:59 AM

Short-term outlook for market remains positive: Devang Shah

The market closed in positive territory for the seventh consecutive week. It has achieved my short term targets levels, as expected, last week. It has made a high of 11,761 levels on the Nifty & 39,270.14 levels on the Sensex so far in this rally. In the short term, wave-III of 5 Extension case towards revised higher levels targets looks like a high possibility.  READ MORE

8:47 AM

Top trading ideas by Angel Broking

NSE Code – TATA Steel

View: Bullish

Last Close: Rs 549.30

 

Justification – We have been contradictory buyers on the entire metal space since the beginning of February series and Tata Steel has been our preferred pick from the space. In the last one and a half month, this marquee name within this universe has already given more than 20 per cent returns.READ MORE

8:46 AM

Top trading ideas by Prabhudas Lilladher

BUY EICHER MOTORS

 

CMP: Rs 20,980.30

TARGET: Rs 22,500

STOP LOSS: Rs 20,000

 

The stock has maintained a good base near Rs 20,000 levels and currently has moved past the significant 50-DMA to indicate strong bias and has the potential to rise further for upward targets in the coming days. READ MORE

8:45 AM

Nifty outlook by Prabhudas Lilladher

Nifty has witnessed a short correction after retesting the peak level of 11,760 and currently, a higher bottom formation pattern is indicated with support taken at 11,560, to signify further upside move in the coming days.  READ MORE

8:43 AM

Commodity Picks

Mustard seed Mustard seed is trading at Rs 3,900 a quintal at the benchmark Jaipur market. For the week ahead prices are expected to head towards Rs 3,950 per quintal. Strong demand from processors amid positive crush margins will support prices. Castor seed Castor seed is expected to trade higher towards Rs 5,650 per quintal from Rs 5,596 per quintal at the Deesa market on the back of aggressive buying activity from millers and stockists. READ MORE

8:39 AM

FII/FPI & DII trading activity on NSE, BSE and MSEI

8:35 AM

SGX Nifty

At 08:35 am, Nifty futures on the Singapore Exchange (SGX) were trading 1 point or 0.01 per cent higher at 11,774, indicating a flat to a positive start for the domestic stocks.

8:31 AM

Bulk deals on NSE as on Friday

05-Apr-2019	ADLABS	Adlabs Entertainment Ltd.	INDIA ADVANTAGE FUND S3 I	SELL	10,29,000	10.37	-
05-Apr-2019	BILENERGY	Bil Energy Systems Ltd	NAJMUL HASAN KHAN	SELL	11,67,286	4.05	-
05-Apr-2019	BRNL	Bharat Road Network Ltd	PLACID LIMITED	SELL	4,23,676	135.00	-
05-Apr-2019	DHFL	Dewan Housing Fin Corp	ALPHAGREP SECURITIES PRIVATE LIMITED	BUY	20,15,981	159.76	-
05-Apr-2019	DHFL	Dewan Housing Fin Corp	ALPHAGREP SECURITIES PRIVATE LIMITED	SELL	20,15,981	159.83	-
05-Apr-2019	DHFL	Dewan Housing Fin Corp	CROSSLAND TRADING CO	BUY	34,74,683	159.97	-
05-Apr-2019	DHFL	Dewan Housing Fin Corp	CROSSLAND TRADING CO	SELL	34,74,683	160.05	-
05-Apr-2019	DHFL	Dewan Housing Fin Corp	GRAVITON RESEARCH CAPITAL LLP	BUY	20,30,423	159.69	-
05-Apr-2019	DHFL	Dewan Housing Fin Corp	GRAVITON RESEARCH CAPITAL LLP	SELL	20,30,423	159.88	-
05-Apr-2019	DHFL	Dewan Housing Fin Corp	TOWER RESEARCH CAPITAL MARKETS INDIA PRIVATE LIMITED	BUY	38,47,925	159.78	-

Click here for the full list

8:24 AM

Oil check

Oil prices rose to five-month highs on Monday, driven up by OPEC’s ongoing supply cuts, US sanctions against Iran and Venezuela and healthy US jobs data.

International benchmark Brent futures were at $70.69 per barrel on Monday, up 35 cents, or 0.5 per cent from their last close. US West Texas Intermediate (WTI) crude were up 35 cents, or 0.6 per cent, at $63.43 per barrel.

8:22 AM

Asia shares at 7-month peak

Asian shares inched up to seven-month highs on Monday as investors cheered a rebound in US payrolls and hints of more stimulus in China, though there was some caution ahead of what is likely to be a tough US earnings season. Chinese blue chips climbed 1.4 per cent to territory not visited since March last year. MSCI’s broadest index of Asia-Pacific shares outside Japan followed by gaining 0.4 per cent to its highest since August. Japan’s Nikkei also made its high of the year so far and was last up 0.1 per cent. E-Mini futures for the S&P 500 were little moved.

8:20 AM

Wall Street Check

US stocks rose on Friday, boosted by better-than-expected job growth in March, which eased concerns of an economic slowdown that have periodically roiled financial markets over the past year. The Dow Jones Industrial Average rose 25.29 points, or 0.1 per cent, to 26,409.92, the S&P 500 gained 10.35 points, or 0.36 per cent, to 2,889.74, and the Nasdaq Composite added 38.55 points, or 0.49 per cent, to 7,930.33.

8:18 AM

Good morning! Welcome to Business Standard live market blog