Market bounces back: Sensex gains 335 pts; Adani Group, rail shares shine

Market wrap on March 14, 2024: Beaten down BSE PSU and CPSE indices surged up to 3 per cent led by gains in rail stocks; Adani Group shares surged up to 11%

9:21 AM

Sensex Heatmap :: Steel, financial share weigh on frontline indices

9:19 AM

Opening Bell :: Nifty stays below 21,950

9:19 AM

Opening Bell :: Sensex extends Wednesday's selling, starts over 100 pts lower

9:09 AM

Pre-Open Session :: Nifty stays below 22,000

9:08 AM

Pre-Open Session :: Sensex down nearly 200 pts

9:03 AM

Currency check :: Rupee opens mildly higher

8:55 AM

Bitcoin tops $73,000 level to hit new record on insatiable ETF demand

The world’s largest cryptocurrency reached a high of $73,664 on Wednesday, before paring its rise slightly to trade at around $73,080 as of 8:29 a.m. in New York. Meanwhile, net daily inflows into US spot Bitcoin ETFs on Tuesday topped $1 billion for the first time, data compiled by Bloomberg show, with BlackRock’s IBIT setting its own record at $849 million in daily flows. Read more

8:48 AM

Recent strong rally leaves little room for IT firms to disappoint

Analysts are cautious about the performance of IT services sector from January to March quarter (Q4) of FY24 and the first half (H1) of FY25. While the Bloomberg consensus on revenue implies the market is expecting 2-3 per cent growth on a quarter-on-quarter (Q-o-Q) basis for the IT majors through FY25, the H1FY25 is likely to see even flatter returns, and Q4FY24 is likely to be poor. Read

8:43 AM

Majority of F&O trading from co-location for second consecutive year

Co-location may well have a majority share of futures and options (F&O) trading in 2023-24 once again. It accounted for 50.53 per cent of the National Stock Exchange (NSE) derivatives trading turnover in February, higher than the 50.1 per cent share seen in 2022-23 (FY23). Read

8:37 AM

Reliance to buy Paramount's entire 13.01% stake in Viacom18 for $517 mn

India's Reliance Industries has agreed to buy Paramount Global's entire 13.01 per cent stake in local entertainment network Viacom 18 Media for about $517 million (Rs 4,286 crore), the U.S. company said in a regulatory filing. Read

8:31 AM

Nifty IT, Nifty Auto may face downward pressure, show technical indicators

The Nifty IT Index, which last closed at 36,946, is currently indicating a downtrend in the near term, as observed on charts. Additionally, technical indicators such as MACD and RSI are not supporting bullish sentiments. Read

8:27 AM

Stocks to Watch, March 14: RIL, Gopal Snacks, TaMo, Federal Bank, HAL, KEC

Reliance Industries: RIL, on Thursday, signed a binding agreement with two subsidiaries of Paramount Global to acquire the latter's stake in Viacom18 Media Pvt. Ltd. for an aggregate consideration of Rs 4,286 crore.
 

Gopal Snacks: The company's shares will debut on the stock exchanges on Thursday at an issue price of Rs 401 apiece.
 

Hindustan Aeronautics: The Ministry of Defence (MoD) has signed two contracts worth Rs 8,073 crore with the Hindustan Aeronautics for acquisition of 34 advanced light helicopters and associated equipment for the Indian Army and the Coast Guard. Read

8:22 AM

Inflationary pressure signals weakening support for Asian bond gains

Headline inflation data in February from Thailand, Indonesia, the Philippines, South Korea, China, India and Taiwan exceeded economist estimates mostly due to a surge in food prices. Sustained price pressures will pose a risk to emerging Asian bonds, as they may potentially delay interest-rate cuts by the region’s central banks. Read

8:17 AM

DIIs buy Rs 9,094 crore of shares Wednesday

8:12 AM

FIIs undertake sharp selling of Rs 4,595 crore Wednesday