Weak global cues, high Brent crude cap gains on D-St; Sensex ends 36 pts up

Trends among sectoral indices remained muted with the Nifty PSU Bank, Metal, and IT indices ending up to 1.5 per cent higher on the NSE.

3:55 PM

TECH VIEW :: Nifty is facing resistance at 15,070, says Rohit Singre, senior technical analyst at LKP Sec

Index opened a day with gains but unable to sustain on highs and after showing good volatility index closed a day at 14959 with mild gains of 21 points. The index has formed stiff resistance near 15070 if the index managed to cross above-said levels then some positive traction can be witnessed in the index and we may see a good move towards a good hurdle zone of 15150-15240 zone, immediate support for nifty is coming near 14900-14850 zone

 

3:54 PM

MARKET CLOSING COMMENT :: Vinod Nair, Head of Research at Geojit Financial Services

Domestic markets pared its early gains taking cues from weak Asian markets, falling US futures and rising oil prices. Oil & Gas, PSU Banks and Metal stocks were the sectors in focus inching broader market. Oil prices were parked near record highs following geopolitical issue in Gulf while reports of the progress of PSU Bank privatization tempered buying in PSBs.

3:54 PM

STOCK OF THE DAY :: HLE Glascoat doubles in 17 sessions

>> Shares of HLE Glascoat, on Monday, were locked in 10 per cent upper circuit at a fresh record high of Rs 2,682.95 on the BSE. In the last 17 trading days, the company engaged in industrial machinery business has seen its market value nearly-doubled, up 98 per cent since February 12, after the company reported a healthy performance for the quarter ended December 2020 (Q3FY21).

3:52 PM

STOCK OF THE DAY :: Just Dial zooms 10%

>> Shares of Just Dial, on Monday, were locked in 10 per cent upper circuit at Rs 963.60 on the BSE after the company said it has entered into an advertising agreement for IPL. The stock of India’s leading local search engine company was trading close to its 52-week high of Rs 1,063, hit on March 3.

3:50 PM

STOCK OF THE DAY :: BEML hits 20% upper circuit as report suggests Tata, Mahindra eyeing stake in firm

>> Shares of BEML surged 20 per cent to hit a 52-week high of Rs 1,416 on the BSE in intra-day trade on Monday amid reports that at least six companies, including Tata Motors, Mahindra and Mahindra and Ashok Leyland, are looking to buy a 26 per cent stake in the state-run defence equipment maker.

3:48 PM

SECTOR WATCH :: S&P BSE Oil and Gas index outperforms in a muted market

3:47 PM

IPO Update :: Easy Trip Planners' issue subscribed nearly 2x till 3:40 PM on Day 1

3:45 PM

Stocks that supported the Sensex today

3:41 PM

Sectoral trends on NSE at Close

3:38 PM

Sensex Heatmap at Close

3:34 PM

CLOSING BELL

Among the headline indices, the frontline S&P BSE Sensex ended at 50,441 levels, up 36 points or 0.07 per cent. The index hit an intra-day high and low of 50,986 and 50,318, respectively. 
 

On the NSE, the Nifty50 index closed at 14,956 levels, up 25 points or 0.12 per cent. The advance to decline ratio remained neck and neck with 27 stocks settling the day in the green, as against 23 stocks that declined on the index.

3:27 PM

Indian banks' modest recovery faces challenges from Covid-19 stress: Fitch

The banks reported lower impaired loans and improved profitability for nine months ended December 2020 due to various forbearance measures and continued large write-offs.

 

Particularly, government-owned banks remained more risk averse than in prior years which was reflected in their weak credit growth. READ MORE

3:16 PM

APL Apollo zooms 48% in 10 trading sessions as Board okays merger scheme

Apollo Tricoat’s minority shareholders will receive one equity share in APL Apollo for each equity share held Apollo Tricoat. This transaction has been effected by way of a scheme of amalgamation and is subject to shareholder approval at each of APL Apollo and Apollo Tricoat, as well as regulatory approvals. This transaction is expected to close in Q3FY22 with appointed date of merger being April 1, 2021. READ MORE
 

3:05 PM

India VIX eases nearly 3% to 24.67

> VIX is a measure of market volatility

2:49 PM

Just Dial shares surge 10% on advertisement agreement for IPL

Shares of Just Dial, on Monday, were locked in 10 per cent upper circuit at Rs 963.60 on the BSE after the company said it has entered into an advertising agreement for IPL. The stock of India’s leading local search engine company was trading close to its 52-week high of Rs 1,063, hit on March 3. In the past month, Just Dial's stock outperformed the market by surging 50 per cent, as compared to 1.6 per cent decline in the S&P BSE Sensex. Till 02:23 pm, a combined 3.5 million equity shares had changed hands on the counter on the NSE and BSE. READ MORE

2:37 PM

European markets check

(Source: Reuters)

2:32 PM

NEWS ALERT :: DCW raises Rs 410 crore; stock jumps 8%

DCW has completed the refinancing of its debt with the issuance of NCDs amounting Rs 350 crore and OCDs to be converted into equity within 18 months, amounting Rs 60 crore. 

 

(Source: BSE)

2:27 PM

MARKET UPDATE :: Sensex off day's low, up nearly 300 points

2:22 PM

Tata Motors shareholders approve hiving off PV business into new entity

Tata Motors on Monday said its shareholders have approved hiving off its passenger vehicles business into a separate entity. On March 5, the shareholders of the company voted to consider and approve the transfer of the passenger vehicles business unit to TML Business Analytics Services Ltd as a going concern on a slump sale basis for a lump sum consideration.

(Text Source: PTI)

2:13 PM

NEWS ALERT :: Talbros Automotive bags multi-year orders worth Rs 304 crore

Company along with its JV partners has won multi year orders worth ~Rs 304 crore. These orders are spread across its domestic and international customers. The orders will be implemented over a period of 5 years starting from current fiscal year itself and major chunk of it distributed between 2023-2025.

 

(Source: BSE Filing)

2:10 PM

Anupam Rasayan Rs 760-cr IPO to open on Mar 12; issue price at Rs 553-555

Specialty chemical company Anupam Rasayan on Monday fixed a price band of Rs 553-555 a share for its Rs 760-crore initial share-sale, which will open for public subscription on March 12. The three-day public issue will close on March 16, Anupam Rasayan said in a statement. The IPO aggregating up to Rs 760 crore is entirely fresh issuance of equity shares and proceeds of the issue would be mainly used to pay debt. READ MORE

2:01 PM

Fall from intra-day high in BSE500 stocks in today's session

COMPANY	DAY'S HIGH(RS)	DAY'S LOW(RS)	LATEST(RS)	FALL(%)
Indbull.RealEst.	125.50	114.20	115.25	-8.17
C P C L	122.55	107.95	114.95	-6.20
PNC Infratech	286.85	269.55	269.95	-5.89
Time Technoplast	62.90	59.40	59.40	-5.56

1:57 PM

Sensex Heatmap | Top gainers & losers at this hour

1:44 PM

Market Check :: Sensex slips into the red

1:43 PM

NEWS ALERT | SBI Card to consider raising funds via issuance of NCDs, aggregating to Rs 2,000 cr, on March 12

1:43 PM

Life insurers' new business premium up 21% in February at Rs 22,425 crore

After tepid growth in January, following two months of consecutive decline, February saw life insurers, 23 in total, recording impressive 21 per cent growth in new business premiums (NBP) to Rs 22,425.21 crore, compared with Rs 18,533.19 crore in the same period, a year ago. READ MORE

 

1:29 PM

This Ashish Kacholia-owned stock has nearly doubled in 17 trading sessions

Shares of HLE Glascoat, on Monday, were locked in 10 per cent upper circuit at a fresh record high of Rs 2,682.95 on the BSE. In the last 17 trading days, the company engaged in industrial machinery business has seen its market value nearly-doubled, up 98 per cent since February 12, after the company reported a healthy performance for the quarter ended December 2020 (Q3FY21). READ MORE

1:14 PM

Covid-19 pandemic impact will pose challenge to Indian banks in FY22: Fitch

The improving financial performance of Indian commercial banks will face a challenge from the impact of Covid-19 pandemic once asset-quality risks manifest in the next financial year (FY22), according to Fitch Ratings. Indian banks reported lower impaired loans and improved profitability for the nine months ended December 2020 (FY21) due to various forbearance measures and continued large write-offs. READ MORE

1:06 PM

MARKET UPDATE:: Broader indices outperform benchmarks

1:06 PM

Market Check :: Sensex near day's low amid weakness in global markets