Ongoing bull market phase 'longest and slowest', says Morgan Stanley

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	<div>
		Buying in banks and IT counters helped benchmark indices Sensex and Nifty settle over a per cent&nbsp;higher on the day of March F&O series expiry.&nbsp;</div>
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	<div>
		The S&P BSE Sensex rallied 415 points or 1 per cent to end at 38,546, with HCL Tech being the top gainer and Tata Steel the top loser. Out of 30 constituents of the index, 24 advanced while only six declined.</div>
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	<div>
		Market breadth remained in favour of advances as out of 2,819 companies traded on BSE, 1,666 advanced while 975 declined whereas 178 stocks remained unchanged.&nbsp;<br />
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		In the broader market, the S&P BSE MidCap index gained 161 points or 1.06 per cent to settle at 15,328 while the S&P BSE SmallCap index added 140 points or 0.95 per cent to close at 14,918.&nbsp;</div>
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	<div>
		The broader Nifty50 index of the National Stock Exchange (NSE) added 125 points or 1.1 per cent to settle at 11,570.</div>
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		<strong>BUZZING STOCKS</strong></div>
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	<div>
		HCL Technologies shares ended at Rs 1,082.25 apiece on BSE, up nearly 4 per cent.&nbsp;</div>
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	<div>
		Shares of Titan Company joined the elite club of Rs 1 trillion market capitalization (market-cap) after hitting a new high of Rs 1,129 apiece in the intra-day trade. The stock, eventually closed at Rs 1,134, up 1.8 per cent.&nbsp;</div>
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	<div>
		Hero MotoCorp (HMCL) hit a two-year low of Rs 2,517 during the day on concerns of slowing demand growth. It closed at Rs 2,532, down nearly a per cent.&nbsp;&nbsp;</div>
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		<strong>SECTOR WATCH</strong></div>
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	<div>
		Sectorally, PSU banks rallied the most in trade, followed by media and IT stocks. The Nifty PSU bank index gained 3.62 per cent to settle at 3,346.25, with all the 12 constituents ending in the green.</div>
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	<strong>GLOBAL CUES</strong></div>
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	Asian share markets were painted red on Thursday as recession concerns sent bond yields spiralling lower across the globe, overwhelming central bank efforts to calm frayed nerves.<br />
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	<div>
		MSCI&rsquo;s broadest index of Asia-Pacific shares outside Japan slipped 0.3 per cent, with South Korea down 0.7 per cent and Shanghai blue chips slipping 0.3 per cent. Japan&rsquo;s Nikkei fell 1.7 per cent. US stocks could not escape the malaise with E-Mini futures for the S&P 500 off 0.5 per cent.</div>
</div>
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	<br />
	<em><strong>(With inputs from Reuters)</strong></em></div>

F&O expiry: Sensex surges 413 points, Nifty ends at 11,570; PSU banks rally

Business Standard

F&O expiry: Sensex surges 413 points, Nifty ends at 11,570; PSU banks rally | News on Markets - Business Standard

NEWS ALERT | Nifty Bank index at record high, crosses earlier level of 30,269

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NEWS ALERT | S&P lowers EU GDP growth forecast for 2019 to 1.1%: TV

Plans for blockbuster cryptocurrency IPO shelved amid bitcoin slump

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	The world&#39;s largest maker of cryptocurrency mining chips has shelved plans for an ambitious initial public offering in Hong Kong, becoming the latest victim of bitcoin&#39;s price plunge. Bitmain Technologies said Tuesday it has allowed its IPO application to lapse, six months after it was initially filed in September aiming to raise up to $3 billion, according to Bloomberg News. <a href="https://www.business-standard.com/article/pti-stories/plans-for-blockbuster-cryptocurrency-ipo-shelved-amid-bitcoin-slump-119032700571_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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		<img align="" alt="Cryptocurrency" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2018-04/09/full/1523290169-2192.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Cryptocurrency, cryptocurrencies, virtual currency, blockchain" width="620" /></div>
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F&O cues: Positive rollover may help Nifty cross 11,600 comfortably

With the Nifty50 index witnessing selling pressure around 11,550 levels, the next month scenario seems more exciting with turbulence hitting lower grounds. Several stocks are witnessing positive rollovers as positions switch to April expiry. <a href="https://www.business-standard.com/article/markets/f-o-cues-positive-rollover-may-help-nifty-cross-11-600-comfortably-119032800337_1.html?1553757686" target="_blank"><strong>READ MORE</strong></a>

Only MF that has filed cases against wilful defaulters sees some recoveries

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	The oldest mutual fund in the country is also the only one to figure in the list of institutions who have filed cases against wilful defaulters. UTI mutual fund has 27 cases with an amount of Rs 252.6 crore outstanding, according to data from TransUnion Cibil, which maintains a database of such cases. <a href="https://www.business-standard.com/article/markets/only-mf-that-has-filed-cases-against-wilful-defaulters-sees-some-recoveries-119032800306_1.html?1553756153" target="_blank"><strong>READ MORE</strong></a><br />
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		<img align="" alt="Tax, investment, property, savings, mutual fund, MF" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-02/11/full/1549903000-7727.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Tax, investment, property, savings, mutual fund, MF" width="620" /></div>
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NEWS ALERT | Moody's assigns 'Baa3' issuer rating to IndusInd Bank: Reuters

NEWS ALERT: Etihad Air in preliminary talks with lenders to potentially bid for Jet: TV

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DHFL gains 14% on reports of Piramal, Baring PE eyeing majority stake

Shares of Dewan Housing Finance Corporation (DHFL) moved 14 per cent higher to Rs 155 in intra-day trade on the BSE on Thursday on back of heavy volumes after reports emerged that Piramal Group and Baring Private Equity (PE) were in advanced stage of negotiations to acquire majority stake in the housing finance company. <a href="https://www.business-standard.com/article/markets/dhfl-up-14-on-talk-of-piramal-baring-pe-eyes-majority-stake-119032800247_1.html?1553752716" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="DHFL" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-03/05/full/1551725352-7705.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="DHFL" width="620" /></div>
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F&O expiry: Sensex surges 413 points, Nifty ends at 11,570; PSU banks rally

All that happened in markets today

NEWS ALERT | Nifty Bank index at record high, crosses earlier level of 30,269

Dish TV rises 8%

Sectoral trends on NSE

NEWS ALERT | S&P lowers EU GDP growth forecast for 2019 to 1.1%: TV

Plans for blockbuster cryptocurrency IPO shelved amid bitcoin slump

Index contributors today (BSE Sensex)

F&O cues: Positive rollover may help Nifty cross 11,600 comfortably

Only MF that has filed cases against wilful defaulters sees some recoveries

Allahabad Bank trading over 5% up

NEWS ALERT | Moody's assigns 'Baa3' issuer rating to IndusInd Bank: Reuters

NEWS ALERT: Etihad Air in preliminary talks with lenders to potentially bid for Jet: TV

Market check

Heatmap: S&P BSE Sensex

Sun Pharma up 2%

DHFL gains 14% on reports of Piramal, Baring PE eyeing majority stake