Market ends flat after FM announces steps to boost demand; ITC gains 3%

All that happened in the markets today

3:43 PM

SECTOR WATCH | Nifty IT surges 1.67%

3:42 PM

MARKET AT CLOSE | Gainers and losers on the S&P BSE Sensex

3:36 PM

CLOSING BELL

The S&P BSE Sensex gained 84 points, or 0.21 per cent to settle at 40,594 while NSE's Nifty ended at 11,931, up 17 points, or 0.14 per cent. 

3:28 PM

MADAN SABNAVIS | Capex measures to deliver the goods rather than the consumption booster

The fiscal announcements made by the Finance Minister (FM) on Monday are a combination of frontloading of consumption expenditure with some affirmative capex spending by both the central and state governments. The techniques being used for the two objectives are quite different, thus having a diluted impact on the fiscal balances. Overall the impact will be positive, though the extent will be limited. READ MORE  

3:26 PM

MARKET CHECK

3:14 PM

Maruti up over 1%

3:01 PM

BUZZING STOCK:: Larsen & Toubro Infotech surges 7%

2:52 PM

MARKET UPDATE:: Broader indices underperform benchmarks

2:42 PM

Fall from intra-day high today

COMPANY	DAY'S HIGH(RS)	DAY'S LOW(RS)	LATEST(RS)	FALL(%)
VEDANTA	109.90	94.00	97.55	-11.24
BANK OF BARODA	45.55	41.25	41.70	-8.45
MOTHERSON SUMI	122.20	110.90	112.00	-8.35
PARAG MILK FOODS	120.55	109.60	110.60	-8.25
FUTURE RETAIL	78.20	71.00	72.00	-7.93

2:26 PM

Is the Nifty on course to breeze past its 52-week high of 12,430.5?

Nifty reclaimed the 12,000 mark in trade on Monday - a level last seen in February 2020. The rally since February low has been mostly fueled by pharma, information technology (IT) services and automobile stocks. A large part of this, however, has also been on account of a sharp uptick in Reliance Industries (RIL) as the company emkarked upon a journey to become debt free, and raise money for its telecom venture - Jio Platforms via stake sale to marquee global investors. READ MORE 

 

2:24 PM

HDFC Bank slips 2%

2:14 PM

NEWS ALERT | AAI in talks with Air India for settlement of dues amounting to over Rs 2,000 crore

2:08 PM

Vedanta's structural problems behind its failed delisting attempt

Last week, a plan by Vedanta Ltd, to delist from the two Indian stock exchanges failed when shareholders declined to tender shares citing a low strike price. The failure is a setback for the mining-to-electricity conglomerate owned by London-based billionaire Anil Aggarwal to restructure his group’s businesses. But it is not the first time that attempts to reorganise his opaquely structured empire have met with controversy. READ MORE 

1:56 PM

There's no additional spending under LTC, festival measures announced by govt today, says FM

1:52 PM

Sensex trades flat with a negative bias

1:45 PM

MARKET UPDATE:: NSE data not getting updated

1:37 PM

GDP growth: Modi govt now introduces schemes to boost consumer demand

In a bid to give a boost to the Covid-19-hit economy, the Modi govt has now turned its attention to boosting consumer demand. With that in mind, Finance Minister Nirmala Sitharaman on Monday announced new measures to encourage consumer spending. The FM announced the LTC Cash Voucher and Festival Advance Schemes to encourage government employees to spend more and generate demand. READ MORE 

1:35 PM

MARKET CHECK | Sensex slips into the red post FM presser, down over 80 pts

1:27 PM

NEWS ALERT | We assess the total boost to demand at Rs 73,000 crore by March 31, 2021: FM

1:26 PM

NEWS ALERT | Provision of additional Rs 25,000 cr budget

>> Rs 25,000 crore additional budget to be provided towards capital expenditure on roads, defence infra and domestically produced capital equipment, water supply, urban development;

>> This will be above provisions of Rs 4.13 trillion made in the Union Budget: FM

1:20 PM

NEWS ALERT | Special loan to states

>> Of this special interest free 50-year loan, first part is of Rs 2,500 crore for North East (Rs 1,600 crore), Uttarakhand and Himachal Pradesh (Rs 900 crore).

>> The second part of this loan is of Rs 7,500 crore for other states, in proportion to share in Finance Commission devolution.

 

>> The third part of this loan is of Rs 2,000 crore for states that meet at least 3 out of 4 reforms given in Atma Nirbhar fiscal deficit package.

1:15 PM

NEWS ALERT | Issuing an interest-free 50-year loan amounting to Rs 12,000 cr to states for capital expenditure: FM

>> This can be used for new or ongoing capital projects.

>> This can be used to settle bills of contractors or suppliers but it has to be spent before 31 March 2021.

>> This fund will be over and above all other additional borrowing ceilings given to States

1:13 PM

NEWS ALERT | We want to now give a new thrust to states, Centre capex, says FM

Capital expenditure has a high multiplier effect: FM 

1:09 PM

NEWS ALERT | The special festival advance scheme wil lead to additional consumer demand to the tune of Rs 8,000 cr, says FM

1:07 PM

NEWS ALERT | We are reviving the special festival advance scheme, says FM

>> Rs 10,000 interest-free advance to be repaid in 10 installments and it’s available up to March 31, 2021; 
>> This will be given as a pre-paid RuPay card: FM

1:07 PM

NEWS ALERT | Rupay card

Govt employees will get a pre-loaded Rupay card for Rs 10,000. Govt to bear bank charges. Ensures digital mode of payment, resulting in tax revenue and encouraging honest businesses

1:04 PM

NEWS ALERT | Demand infusion in the economy estimated at Rs 19,000 cr approximately, says FM

>> Demand infusion by state govt employees will be Rs 9,000 crore

1:00 PM

LTC-related incentive

12:59 PM

LTC-related incentive

12:59 PM

LTC-related incentive