Sensex leaps 446 pts, Nifty tops 17,100 as RIL, Bajaj Fin gain 3%; IT slips

CLOSING BELL: The market breadth was firmly in the favour of buyers as the broader markets, too, rose in tandem with the benchmark indices

9:21 AM

Sensex Heatmap :: Over 20 stocks swim in green; Power Grid, Tech M, ITC dip

9:18 AM

Opening Bell :: Nifty at 17,050, advances outshine declines

9:17 AM

Opening Bell :: Sensex edges about 250 pts higher amid relief rally globally

9:10 AM

Pre-Open Session :: Nifty holds 17,050

9:09 AM

Pre-Open Session :: Sensex rises 300 pts

9:03 AM

Currency check :: Rupee opens higher vs US dollar

9:00 AM

Adopt 'buy-on-dips' strategy for Nifty Pvt Bank

The magnitude and rapidity of the index's descent imply that any ensuing recovery is likely to be equally sharp, calling for traders to exercise vigilance and adopt a stringent stop-loss approach set at 19,725.

 

Traders seeking to profit from potential buying opportunities at lower levels should set their sights on the index or its constituents, with targets set at 20,500 and 20,800. READ MORE

8:57 AM

Stocks to Watch: Indian Oil, NTPC, HDFC AMC, Uno Minda, Sterling and Wilson

Indian Oil Corporation/NTPC: Indian Oil Corporation and NTPC Green Energy, a wholly owned subsidiary of NTPC, will form a joint venture for setting up of renewable energy power plants to meet round the clock power requirement of new projects of the former’s refineries.

 

Sterling and Wilson Renewable Energy: The company emerged as the successful bidder for a package comprising of four blocks of 300 MW each in the proposed 1200MW Solar PV Project of NTPC Renewable Energy at Khavda RE Power Park, Rann of Kutch. The total bid value, including operation and maintenance for three years, will be Rs 2,100 crore. READ MORE

8:54 AM

Don't change anything to please market, Rajiv Jain tells Adani Group

Jain’s firm infused $1.9 billion into the embattled Indian conglomerate at a time when it has been dealing with allegations of stock manipulation and accounting fraud levelled by US-based short seller Hindenburg Research. The group has denied the allegations. GQG Partners became the first major investor in four of the companies of Adani Group after the short-seller’s report. READ MORE

8:50 AM

US bank crisis will have little impact on India: CEA V Anantha Nageswaran

The impact of the current global financial crisis will be ‘low or negligible’ for India as it has dealt with its own financial system issues in the recent past, Chief Economic Advisor V Anantha Nageswaran told Business Standard on Monday. READ MORE

8:46 AM

Crude fall impact :: Windfall tax on crude oil slashed to Rs 3,500/tonne

The Centre, late on Monday, slashed the windfall tax on locally-produced crude oil to Rs 3,500 per tonne from Rs 4,400 per tonne earlier. However, it hiked the export duty on diesel from Rs 0.50 per litre to Rs 1 per litre.

 

Petrol and Aviation Turbine Fuel (ATF) have been exempted from the export levy. The new rates will be effective March 21. This is the second rate cut in March. READ MORE

8:44 AM

Fund Flow :: DIIs buy equities worth Rs 2,876.64 crore on Monday

8:41 AM

Fund Flow :: FPIs sell equities worth Rs 2,545.87 crore on Monday

8:38 AM

SGX Nifty :: D-Street preparing to test 17,100 in early deals

8:36 AM

Asian peers follow Wall Street footsteps; Japanese markets shut for holiday