MARKET WRAP: Sensex closes above 39,000, Nifty ends at 11,713; autos gain

All that happened in markets today

3:42 PM

Sectoral gainers and losers on NSE

3:41 PM

Top gainers and losers on S&P BSE Sensex

3:39 PM

MARKET AT CLOSE

The S&P BSE Sensex gained 185 points or 0.48 per cent to settle at 39,057, while the NSE's Nifty50 index ended above 11,700 level at 11,713, up 44 points or 0.38 per cent. 

3:11 PM

RBI to cut rates again before polls; BJP win best for economy: Reuters poll

Those expectations for another rate cut have strengthened over the past month after Shaktikanta Das was appointed as the new RBI Governor in December. Lending rates were lowered and the policy stance shifted at his first meeting in February. READ MORE

2:55 PM

STOCK ALERT | Tata Motors back above Rs 200/share for the first time since November 9, 2018

2:41 PM

Nifty Pharma index is trading 0.86% lower

2:30 PM

Market check

2:22 PM

Expert comment on SC's verdict on RBI's Feb 12 circular

“The current SC ruling quashing the Feb’12 RBI circular on NPAs may have its own merit. However, with respect to an escalation of default cases, this ruling will raise significant questions around the timely reporting and resolution under IBC - the primary reason behind IBC’s enactment. There are a host of wilful default and fraud cases still under the IBC, and more clarity would be required on how the same would be dealt with by Resolution Professionals/ Committee of Creditors," says Vikram Babbar, Partner and Financial Services Lead, Forensic & Integrity Services, EY.

2:20 PM

Bharti Airtel surges 5%

2:11 PM

Sectoral trends on NSE

2:04 PM

NEWS ALERT | Essel Group's talks with Sony to sell Zee Ent stake fall through: CNBC TV18

2:00 PM

Infosys nears record high; stock up 5% in one week

Infosys shares were trading higher for the fifth straight day, up 1.3 per cent, at Rs 765 on Tuesday in intra-day trade, gaining 5 per cent in one week on the BSE. In comparison, the benchmark S&P BSE Sensex was up 2 per cent during the week. READ MORE

1:50 PM

Heatmap: S&P BSE Sensex

1:37 PM

Stocks that hit 52-week high on BSE500

COMPANY	PRICE(rs)	52 WK HIGH	CHG(rs)	CHG(%)
ASIAN PAINTS	1509.30	1512.00	18.85	1.26
BAJAJ FINSERV	7226.25	7236.60	85.50	1.20
INDIAN HOTELS	158.50	159.00	4.05	2.62
KARNATAKA BANK	135.15	138.95	0.10	0.07
MERCK	3800.65	3829.95	40.80	1.09

1:25 PM

Metropolis Healthcare IPO to open tomorrow; should you subscribe?

The country’s second largest diagnostics player by profits, Metropolis, will become the third player to be listed post its IPO after Thyrocare and Dr Lal Pathlabs. The company is seeking to expand its presence in a large under-penetrated market which is dominated by smaller, unorganised players. READ MORE

1:15 PM

MARKET CHECK: Top gainers on BSE

GODREJPROP	884.85	+71.55	+8.80
TATASTEELPP	76.00	+5.45	+7.73
LAKSHVILAS	82.80	+5.25	+6.77
TATAMOTORS	197.85	+10.70	+5.72
TATAMTRDVR	97.30	+4.85	+5.25

1:12 PM

Bharti Airtel rises for fourth straight day; gains 10% in 4 sessions

On February 28, Bharti Airtel’s board had approved a Rs 32,000 crore fundraising plan, which includes a rights issue of Rs 25,000 crore and perpetual bonds with equity credit of Rs 7,000 crore (foreign denominated). READ MORE

12:52 PM

HDFC Securities on United Spirits

For 9M FY19, Finance costs have further reduced 25% to Rs 153 crore. This directly adds to company’s bottom line, which would boost earnings for USL. For H1 FY19, company reduced ~Rs 650 cr debt and we estimate total debt to get reduced to ~ Rs 1000 cr or net D/E of ~0.2x in FY21. We recommend buy on the stock at cmp of Rs 549 and add on dips to Rs 513 with TP of Rs 619 over the 4 quarters. Our target price is based on a P/E multiple of ~40x FY21E earnings and ~25x EV/EBITDA.

12:44 PM

Kotak Securities on Auto sector

Retail demand in auto industry continues to remain under pressure as OEMs corrected dealer inventory levels in March 2019, which led to weakness in volumes across segments. PV industry likely to post single-digit volume decline on yoy basis in March 2019 while two-wheeler industry volumes declined yoy led by Hero Motocorp and Royal Enfield. MHCV volume growth also remained under pressure indicating spillover of the liquidity crisis.

12:42 PM

NEWS ALERT | Congress releases Election Manifesto titled 'Will Deliver'

12:38 PM

Follow these rules while trading in stocks nearing their lifetime high

The recent robust rally has sent an ‘optimistic message’ to the entire trading community. The recent run has seen a number of large-and mid-cap stocks like Reliance Industries, Axis Bank, HCL Technologies and Bata India hit their respective all-time highs. Though it is difficult to predict which way the markets will turn, there are few rules everyone must follow in for stocks trading in the high-risk, high-reward zone. READ MORE

12:30 PM

Premium valuation of Indian markets is a concern: Vinay Paharia, Union AMC

The domestic equity market is trading at a premium to its current fair value. However, even if this premium shrinks materially, returns from equities over the medium term may be modest, due to the growth in fair values, says Vinay Paharia, chief investment officer (CIO) of Union AMC in interaction with Swati Verma. READ MORE

12:17 PM

Tata Motors rises over 4.6%

12:06 PM

NEWS ALERT | Congress party releases manifesto ahead of 2019 Lok Sabha polls

12:05 PM

Top 8 most common mutual fund investing mistakes and how to avoid them

Mutual funds, especially equity mutual funds, have played a pivotal role in helping retail investors create wealth over the last 25 years since they actually became a distinct asset class in India. Of course, mutual funds are not just about equity funds. There are debt funds, liquid funds, arbitrage funds, and balanced funds. But what is more important for you is to understand and avoid the mutual fund investing mistakes that new investors tend to make. READ MORE

11:53 AM

Market check

11:34 AM

Bharti Airtel surges 3%

11:24 AM

NEWS ALERT | Tera Software gets orders worth Rs 422.85 cr for supply of goods and services in Odisha

11:20 AM

BofAML on RBI MPC expectation

We continue to expect the RBI MPC to cut policy rates by 25bp each on April 4 and June/August on a benign inflation outlook. After all, the real policy rate, at 3.65%, is almost double of the RBI's 1.25-1.75% desired level.

11:15 AM

Power Grid rises 2.3%