MARKET WRAP: Sensex slips 240 points as IAF strikes Pakistan terror camps

All that happened in the markets today

9:16 AM

Market at open

At 9:15 AM, the S&P BSE Sensex was trading at 35,861, down 353 points, while the broader Nifty50 was ruling at 10,773, down 107 points.

9:11 AM

EXCLUSIVE :: Jigar Shah, CEO, Maybank Kim Eng Securities on geopolitical situation

How do you think the markets will react to any geopolitical development in the backdrop of the terrorist attack in Pulwama?

 

Putting aside our naturally emotional reaction, a full-fledged war does is unlikely. A protracted battle like Kargil would also be costly for both sides. Equity market investors are always prepared for systematic risk and barring any solid evidence otherwise, should remain invested. READ MORE HERE

Jigar Shah

 

9:07 AM

IAF jets violated LoC, intruded from Muzafarabad sector, claims Pakistan

Pakistan army spokesperson Major General Asif Ghafoor on Tuesday claimed that the Indian Air Force (IAF) had violated the Line of Control (LoC).

 

In a tweet, Ghafoor claimed: "Indian aircrafts intruded from Muzafarabad sector. Pakistan Air Force immediately scrambled. Indian aircrafts gone back. Details to follow." READ MORE

9:03 AM

Market at pre-open

9:03 AM

Today's picks

Infosys

Current price: Rs 755

Target price: Rs 768

 

Keep a stop at Rs 750 and go long. Add to the position between Rs 762 and Rs 765. Book profits at Rs 768.

 

HPCL

Current price: Rs 228

Target price: Rs 224

 

Keep a stop at Rs 230 and go short. Add to the position between Rs 225 and Rs 226. Book profits at Rs 224. READ MORE

9:01 AM

Rupee opening

Rupee opens at 71.26/$ vs its previous close of 70.97 per dollar

8:59 AM

Britannia, Sharda Motor, DHFL and OMCs may hog the limelight today

HPCL, Britannia: Britannia Industries will replace Hindustan Petroleum Corporation in the Nifty50 index from March 29, the National Stock Exchange (NSE) said on Monday.

 

Lupin: Drug firm Lupin Monday said it has received approval from the US health regulator to market Methylprednisolone tablets used for treatment of inflammation in many conditions. READ MORE

8:57 AM

JEM's Balakot camp fully destroyed, according to CNN News18 report

8:54 AM

Indo-Pak tensions

8:53 AM

NEWS ALERT

8:52 AM

Indo-Pak tensions

8:38 AM

Top trading ideas by Prabhudas Lilladher

BUY Infosys 

CMP: Rs 754.90

TARGET: Rs 820

STOP LOSS: Rs 730

 

The stock has almost made a higher bottom formation pattern on the daily chart and has produced a healthy bullish candle to signify strength and has potential to rise further in the coming days with a positive bias. The relative strength index (RSI) has indicated a trend reversal to signal a buy and with good volume participation witnessed, we recommend a buy in this stock for an upside target of Rs 820, keeping a stop loss of Rs 730. READ MORE

8:36 AM

Top trading calls by Anand Rathi

CEAT: BUY

TARGET: Rs 1,125

STOP LOSS: Rs 1,052

 

The stock seems to have completed a 5-wave declining structure on the daily as well as weekly charts. The momentum indicator moving average convergence divergence (MACD) is also well in the buy mode. Hence, a retracement of the entire fall is expected which comes at Rs 1,125. The reversal on the lower side is pegged at Rs 1,052. READ MORE

 

8:32 AM

Rupee check

The Indian rupee on Monday firmed up by 17 paise to close at 70.97 against the US dollar in line with most Asian currencies amid hopes that the US and China will soon reach an agreement to settle their trade tariff issues.

8:26 AM

Oil steadies after selloff; market eyes Trump intervention

Oil prices edged higher on Tuesday, finding steady ground after tumbling more than 3 per cent in the previous session when US President Donald Trump called on OPEC to ease its efforts to boost the market.

International Brent futures were at $64.95 a barrel, up 20 cents, or 0.3 per cent, from their last close. US West Texas Intermediate (WTI) crude futures were at $55.54 per barrel, up 5 cents, or 0.1 per cent.