MARKET WRAP: Sensex ends 379 pts up at 36,443, Nifty at 10,987; autos rally

All that happened in the market today

3:50 PM

Sectoral trend on NSE

3:49 PM

Top gainers and losers on S&P BSE Sensex at close

3:33 PM

Market at close

The S&P BSE Sensex ended at 36,443, up 379 points while the broader Nifty50 index settled at 10,987, up 123 points.

3:19 PM

Repco Home Fin climbs 26%

3:17 PM

NEWS ALERT | Bank of Baroda to cut MCLR by 10 bps across all tenures from March 7

3:11 PM

MARKET COMMENT: Rajnath Yadav, Senior Research Analyst, Choice Broking

The US is pressuring trading countries which have trade surplus with the US to re-negotiate the trade terms. This has been done with China and with other countries, now it is India's turn. However, India's trade surplus with the US is around $28 billion, which is very minuscule as compared to the trade surplus of countries like China. So, the trade surplus criterion of removing the preferential benefit status is not justified. We think that in the recent past, Indian government has taken few measures like change in the domestic e-commerce rules, domestic data location etc., which are not appreciated by the US MNCs i.e. Amazon, Walmart, Visa Inc, Mastercard. US President Donald Trump wants trading countries to assure equitable and reasonable market access to its companies. Thus, the above restrictions on the US companies by India could have triggered such retaliation from the US government. 

3:01 PM

REC, Power Finance Corporation hit 52-week highs

The shares of REC (up 5 per cent at Rs 144) and Power Finance Corporation (up 2.5 per cent at Rs 116) hit their respective 52-week highs during intra-day trade on the BSE on Tuesday. In the past two weeks, REC and Power Finance Corporation (PFC) have outperformed the market by gaining 20 per cent and 12 per cent, respectively. In comparison, the S&P BSE Sensex was up 2 per cent during the same period. READ MORE

2:51 PM

Top gainers on BSE500

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
SUZLON ENERGY	7.28	1.33	22.35	20563096
JINDAL STAIN.	42.20	6.55	18.37	324542
MANPASAND BEVER.	87.20	10.05	13.03	325626
DILIP BUILDCON	500.85	52.65	11.75	176817
REPCO HOME FIN	394.55	40.15	11.33	154195

2:37 PM

Rupee check

Rupee at 70.83 against US Dollar

2:29 PM

A few banks, NBFCs find market favour as funding pressure recedes

Banks and non-banking financial companies (NBFCs), including housing financiers, went through tough times last year, which also disappointed investors. Banking stocks were affected by the spike in bad loans or non-performing assets (NPAs), fraud and top-management related issues, among others. READ MORE

2:17 PM

Sectoral trends on NSE

2:01 PM

Market check

1:48 PM

In just 2 years, Sebi chief Ajay Tyagi gives a mega push to reforms

In his first two years, Ajay Tyagi, a Himachal Pradesh cadre IAS officer, hasn't shied away from implementing challenging stock market reforms or acting against high-profile corporates. Within a month of taking charge as Securities and Exchange Board of India's (Sebi) ninth chairman, he passed an order in the long-pending case against Reliance Industries (RIL), imposing a penalty of over Rs 1,000 crore.  READ MORE

1:39 PM

NEWS ALERT | National Housing Bank proposes to hike capital adequacy ratio for housing finance companies

1:38 PM

Top losers on BSE500

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
TECH MAHINDRA	810.75	-21.25	-2.55	124356
MPHASIS	1011.55	-24.35	-2.35	6714
MAHANAGAR GAS	899.20	-21.15	-2.30	15246
KALPATARU POWER	390.50	-8.85	-2.22	2043
SUPREME INDS.	1097.40	-23.70	-2.11	963

1:29 PM

Suzlon Energy, Jindal Stainless zoom over 100% from their February lows

Shares of Suzlon Energy, Jindal Stainless and Rolta India have more than doubled from their respective 52-week lows touched in February 2019. Suzlon Energy has rallied 26 per cent to Rs 7.52 apiece on Tuesday on back of heavy volumes. Till 12:14 pm; a combined 170 million shares representing 3 per cent of total equity of the company changed hands on the NSE and BSE so far. READ MORE

1:16 PM

Charticle: FII, DII ownership trends for December quarter in 6 charts

Equity benchmarks S&P BSE Sensex and Nifty50 remained subdued in the third quarter (October-December period) of financial year 2018-19 (FY18-19), owing to a slew of unfavourable factors such as sharp fall in rupee against the US dollar, surge in crude oil prices and sell-off in NBFCs triggered by IL&FS crisis. The 30-share index Sensex shed 1.25 per cent during the period, while the 50-share index of National Stock Exchange (NSE) slipped 1.32 per cent, data fetched from ACE Equity shows. READ MORE

1:08 PM

Nifty Auto index gains over 2%

12:58 PM

NEWS ALERT | Steel Strips bags order worth Rs 480 cr from an Indian OEM; stock rises 6.3%

12:52 PM

Dilip Buildcon is trading over 12%

12:46 PM

NEWS ALERT | Zyudus receives USFDA approval for Rivastigmine tablets -- used to treat dementia

12:38 PM

Sustaining digitalisation orders crucial for ABB India's margins

For investors of engineering goods and services major, ABB India (ABB), its December quarter (fourth quarter or Q4 — the company follows calendar year, or CY, reporting) results were crucial to determine how the numbers would shape up after divestment from power grid operations. To their comfort, the continuing operations — comprising robotics, electrification products, and industrial automation — posted 15 per cent year-on-year (YoY) revenue growth in Q4. READ MORE

12:21 PM

Top gainers and losers on S&P BSE Sensex

12:10 PM

Mishra Dhatu Nigam gains 13% on order win worth Rs 475 crore

Shares of Mishra Dhatu Nigam (MIDHANI) surged 13 per cent to Rs 130 on the BSE after the company secured an order worth Rs 475 crore. With this recent order, the cumulative order book of the company during FY19 stood at Rs 1,800 crore, it added. READ MORE

12:03 PM

Market check

11:57 AM

Reliance Securities on Cement sector

Having witnessed a muted pricing scenario despite favourable demand in last couple of quarters, cement industry witnessed a sharp price recovery in February 2019, as sustained demand momentum since last one year finally enabled the companies to take substantial price hikes especially in Southern and Western regions. However, a sudden surge in the prices along with unseasonal rains impacted MoM sales volume, while the dealers and companies expect volume to pick-up pace from ongoing month. We further note that while the sustainability of sharp price increase (~Rs30-70/bag) are still doubtful, the companies seem to be committed to get these prices absorbed in the markets in the backdrop of further announcement of price hike in the range of ~Rs10-25/bag shortly.

11:53 AM

5 Nifty Midcap 100 stocks that can rally up to 10% in near term

Central Bank of India (CENTRALBK): The stock is holding the gap-up opening, touched on February 20, trying to cross 100-DMA, located at Rs 32.10 level. The weekly chart indicates Stochastic is making positive crossover below its oversold territory. It is heading towards immediate resistance of Rs 32.90, which further leads to Rs 35, as per the chart. The immediate support comes at Rs 29 and thereafter at Rs 28 level. READ MORE

11:47 AM

Promoters release pledged shares, look for options to raise funds

Even as some of their peers default on their debt repayments against pledged shares, several Indian promoters have initiated talks with lenders to release their pledged shares by raising funds from other sources, which includes selling part of their stake or selling other assets, say bankers. READ MORE

11:38 AM

Tata Motors rallies 10% on heavy volumes; stock soars 53% from 52-week low

Shares of Tata Motors rallied 10 per cent to Rs 198 apiece on the National Stock Exchange (NSE) on the back of heavy volumes after the company denied the reports of exploring options for Jaguar Land Rover Automotive Plc (JLR) including stake sale. READ MORE

11:17 AM

Want to invest in equities? Keep emotions out with balanced advantage funds

If you wish to invest in equities but are concerned about market volatility, consider investing in balanced advantage funds. These funds shift their allocation to equities and debt dynamically, depending on market valuation. They raise equity allocation when markets are down and reduce it when markets are trading at expensive valuations. Experts say that balanced advantage funds are a good option for investors who wish to capture the wealth creation opportunities of equities, while benefiting from the stability of debt. READ MORE