Sensex ends 130 pts lower, Nifty a tad above 10100; PSU banks, realty fall

All that happened in the market today

3:44 PM

Nifty Realty index falls 1.21%

COMPANY	LATEST	PREV CLOSE	LOSS( )	LOSS(%)	VOLUME
OBEROI REALTY	489.90	502.50	-12.60	-2.51	480670
H D I L	41.00	41.75	-0.75	-1.80	7612827
DLF	212.90	216.05	-3.15	-1.46	4818660
INDBULL.REALEST.	201.55	204.30	-2.75	-1.35	5315912
PHOENIX MILLS	600.65	607.45	-6.80	-1.12	18448

3:42 PM

Nifty PSU Bank index ends 2.01% lower

COMPANY	LATEST	PREV CLOSE	LOSS( )	LOSS(%)	VOLUME
ST BK OF INDIA	241.85	248.00	-6.15	-2.48	26301939
SYNDICATE BANK	58.10	59.55	-1.45	-2.43	3872671
ANDHRA BANK	42.00	43.00	-1.00	-2.33	5221799
BANK OF INDIA	101.70	103.60	-1.90	-1.83	6495975
ALLAHABAD BANK	48.60	49.50	-0.90	-1.82	3359345

3:38 PM

Sectoral Trend

3:35 PM

BSE Sensex gainers and losers of the day

3:32 PM

Market at close

 

The S&P BSE Sensex ended at 33,006, down 130 points while the broader Nifty50 index settled at 10,115, down 41 points.

3:28 PM

SBI hits 52-week low; down 22% in two months

State Bank of India (SBI) hit a 52-week low of Rs 240.65, down 3% on the National Stock Exchange (NSE), falling below its previous low of Rs 241.15 touched on October 26, 2017 in intra-day trade. READ MORE

3:15 PM

Tata Coffee, HCC among 61 stocks from BSE smallcap index hit 52-week lows

Shares of smallcap companies were under pressure with 61 stocks from the S&P BSE Smallcap index hitting their respective 52-week lows, falling by upto 15% on the BSE in intra-day trade on Thursday.

Hindustan Construction Company (HCC), Sunil Hitech Engineers, Diamond Power Infrastructure, Reliance Naval and Engineering, Gammon Infrastructure Projects and A2Z Infra Engineering were down in the range of 6% to 13%, touching their respective 52-week lows today. READ MORE

3:00 PM

Private equity firm Xander Group builds entire office portfolio on its own

Private equity firm Xander Group has built its entire office portfolio in the country on its own, as opposed to global peers such as Blackstone and GIC that have taken the joint venture (JV) route.
 

Xander has been investing in commercial assets since 2006 and owns over 6 million squre feet of office assets. The firm has operating assets across multiple cities, including Bengaluru, Chennai and Delhi. READ MORE

2:42 PM

Volume Toppers

COMPANY	PRICE( )	CHG( )	CHG(%)	VOLUME
REL. COMM.	24.05	-1.15	-4.56	10485375
HIND.CONSTRUCT.	24.95	-3.95	-13.67	8062684
JP ASSOCIATES	18.70	-0.80	-4.10	5134401
UNITECH	5.97	-0.10	-1.65	3533175
I D F C	51.20	1.20	2.40	2251781

2:34 PM

Capacity utilisation up in select sectors; may lead to investment revival

 

There are early signs of an uptick in capacity utilisation in select sectors, which could be a precursor to an investment revival.

 

Utilisation rates are on the rise in cement, automobile ancillaries, engineering, casting and sheet metals, industry players told Business Standard.

 

A gauge of capacity utilisation is also provided by the RBI data on working capital loans. In line with the trend of rising capacity utilisation rates, working capital loans grew 6.4 per cent in the July-September quarter of 2017-18, up from 4.8 per cent in the preceding quarter. It had plummeted to a low of 1 per cent in the fourth quarter of 2016-17. READ MORE

2:18 PM

Churn in constituents to have negligible impact on Nifty's fundamentals

Ambuja Cement, Aurobindo Pharma and Bosch will make way for Grasim Industries, Titan and Bajaj Finserv in Nifty 50 index from April 2. The churn, analysts say, will see the weightage of the consumer discretionary, non-banking finance companies (NBFCs) and cement sectors go up by 82 basis points (bps), 61 bps and 60 bps in the Nifty 50 index. READ MORE

2:01 PM

Market Check

 

S&P BSE Sensex	33,056.53		-0.24%
Nifty 50	10,129.45		-0.25%
S&P BSE 200	4,429.88		-0.32%
Nifty 500	8,917.90		-0.35%
S&P BSE Mid-Cap	15,938.97		-0.58%
S&P BSE Small-Cap	17,102.64		-0.82%

1:50 PM

Despite record forex reserves, India's external finances at risk: UBS

India’s record foreign exchange reserves somewhat mask the country’s vulnerability on its external finances. That’s the takeaway from a note by UBS Group AG’s India economist Tanvee Gupta Jain.
 

Foreign exchange reserves at $421 billion cover 81 percent of external debt as of September 2017 and less than 11 months of imports. READ MORE

1:35 PM

Vakrangee down 5% after surging 90% in four weeks

Vakrangee was locked in lower circuit of 5% at Rs 271 falling 8% from its early morning high of Rs 294 on the BSE with only sellers were seen on the counter. In past four weeks, the stock zoomed 90% from Rs 155 on March 1, 2018, as compared to 2.6% decline in the S&P BSE Sensex. READ MORE

1:20 PM

Supreme Court refuses to lift stay on RCom asset sale to Reliance Jio

 

The Supreme Court on Thursday ordered that status quo be maintained on Reliance Communication's sale of assets to R-Jio on pleas by a consortium of banks. READ MORE

 

Stock impact: RCom down 5%

1:04 PM

In a first, Goldman not among top 3 commodity banks as trading losses weigh

Goldman Sachs Group Inc, for decades Wall Street’s dominant commodities trader, has lost its place among the top three banks in the sector for the first time, according to research group Coalition Development Ltd.

Trading losses in natural gas and power dragged Goldman to its worst annual performance in commodities in its history as a public company last year, leading to a string of high profile exits from the bank’s raw-materials unit. READ MORE

12:45 PM

INTERVIEW OF THE DAY Use volatility as a friend, increase allocation to equities: Rajesh Saluja

Indian equities may not see much action in 2018 given the various headwinds and elections ahead, but, Rajesh Saluja, managing director and chief executive officer, ASK Wealth Advisors, tells Vishal Chhabria that for a 3- to 5-year horizon, he is advising clients to use volatility as a friend and increase allocation to equities. He believes that stocks will get re-rated as earnings catch up, and that’s what equity investors should look at. READ MORE

Rajesh Saluja, Managing Director and Chief Executive Officer, ASK Wealth Advisors

12:30 PM

Dealers suggest govt to issue more floating rate bonds of above 15 years

Ahead of the issuance of its borrowing calendar for the next financial year, central government representatives met bond dealers to gauge the market’s mood on the Rs 6 trillion loan plan. The meeting was customary but assumes significance as 10-year bond yields have risen 100 basis points in the two quarters since October, even as the Reserve Bank kept its policy rates unchanged. READ MORE

12:15 PM

ONGC, Oil India gain; BPCL, IOC, HPCL dip as oil hits six-week high

Shares of oil exploration and production companies such as Oil and Natural Gas Corporation (ONGC), Oil India, Aban Offshore, Jindal Drilling & Industries, Hindustan Oil Exploration Deep Industries and Selan Exploration Technology Company have rallied by up to 16% on the BSE in intra-day trade after oil hit a six-week high on Wednesday. READ MORE

12:01 PM

Market Check

 

S&P BSE Sensex	33,136.92		0.00%
Nifty 50	10,150.85		-0.04%
S&P BSE 200	4,438.76		-0.12%
Nifty 500	8,930.70		-0.21%
S&P BSE Mid-Cap	15,939.83		-0.57%
S&P BSE Small-Cap	17,133.93		-0.64%

11:45 AM

HCC falls 15% on reports of subsidiary Lavasa Corp heading for bankruptcy

 

Hindustan Construction Company (HCC) hit 18-month low of Rs 24.60, down 15%, extending its Wednesday’s 5% decline on the BSE after the media report suggested that the company’s subsidiary Lavasa Corporation headed for bankruptcy.

 

Lavasa Corporation Ltd (LCL), a unit of HCC that's developing it, is considering approaching the National Company Law Tribunal (NCLT) owing to challenges faced in raising money for project completion, the DNA report suggested. READ MORE

11:31 AM

Top BSE500 gainers

COMPANY	PRICE( )	CHG( )	CHG(%)	VOLUME
SOMANY CERAMICS	676.00	20.55	3.14	55
SUNDRAM FASTEN.	576.05	15.00	2.67	9923
ABAN OFFSHORE	165.75	4.25	2.63	267066
R C F	77.25	1.85	2.45	495318
OIL INDIA	338.25	7.95	2.41	87943

11:15 AM

La Opala RG trades ex-bonus today; stock falls 12%

 

La Opala RG has dipped 12% to Rs 288 on the BSE as the stock adjusted for the bonus shares in the ratio of 1:1 (i.e. one bonus share for every one share held on the record date) with effect from today.

 

The Company has fixed Friday, March 23, 2018 as the record date in order to determine the eligible shareholders to receive bonus shares. The Members whose names will appear in the register of members of the Company and/or Register of beneficial owners maintained by the depositories at the close of business hours on March 23, 2018, will be entitled to receive the bonus shares. READ MORE

11:02 AM

Equity mop up by PSUs at record this fiscal at Rs 535 bn through IPOs, QIPs

Public sector undertakings (PSUs) have mopped up about Rs 535 billion by way of initial public offerings (IPOs) and qualified institutional placements (QIPs) this financial year, a record high. The amount raised is more than the combined amount garnered in the previous 10 financial years. READ MORE

10:45 AM

IPO analysis: Strong prospects for ICICI-Sec, but correlated to markets

At a time when the stock markets are near all-time highs, many would want to invest in ICICI Securities (I-Sec), the country's largest equity broker since 2013-14, based on brokerage revenue and active customers on the National Stock Exchange. READ MORE

10:30 AM

Sebi tweaks risk management norms for commodity derivatives segment

Members of clearing corporations in commodity derivatives segment need to have a minimum liquid networth of Rs 50 lakh, Sebi said today. Tweaking the risk management norms for commodity derivatives segment, the regulator also said commodity derivatives exchanges should comply with provisions related to acceptance of Fixed Deposit Receipts (FDRs) by clearing corporations. READ MORE

10:16 AM

Sebi may impose trading curbs on cos undergoing insolvency proceedings

The Securities and Exchange Board of India (Sebi) may impose trading restrictions on shares of companies that are undergoing insolvency proceedings. The move, which is also a demand by industry players, is aimed at reducing volatility in stock prices and curbing manipulation or misuse of price-sensitive information. READ MORE

9:59 AM

Market Check

 

S&P BSE Sensex	33,252.66		0.35%
Nifty 50	10,194.50		0.39%
S&P BSE 200	4,456.77		0.29%
Nifty 500	8,977.80		0.32%
S&P BSE Mid-Cap	16,045.69		0.09%
S&P BSE Small-Cap	17,275.21		0.18%

9:46 AM

Volume Toppers

COMPANY	PRICE( )	CHG( )	CHG(%)	VOLUME
REL. COMM.	26.00	0.80	3.17	2204386
PC JEWELLER	357.70	12.85	3.73	1435078
JP ASSOCIATES	19.35	-0.15	-0.77	915489
IDBI BANK	76.65	0.75	0.99	683623
HIND.CONSTRUCT.	27.60	-1.30	-4.50	656995

9:32 AM

Sun Pharma gains on USFDA nod for psoriasis drug Ilumya

Sun Pharmaceuticals Industries was up 3% at Rs 522 on the BSE in early morning trade after the company on Wednesday post market hours announced US Food and Drug Administration (USFDA) approval for psoriasis drug Ilumya, its first biologic drug in the market. READ MORE