Long-term prospects, however, remain intact despite slowing demand
The biggest defaulter is Maharashtra-based Malvika Steel
The Sensex is only 1 per cent shy of its previous all-time high.
Benchmark indices post 1%-plus gain for 5th time this month, 8th in CY19
Fund managers see re-rating of stocks with asset quality expected to improve and capex cycle reviving
Experts say it is about time RBI lift the ban on such derivatives but there aren't enough natural safeguards if the deals are misused by writers and marketers of the contractors
Sectorally, PSU banks rallied the most in trade, followed by media and IT stocks. The Nifty PSU bank index gained 3.62 per cent to settle at 3,346.25, with all the 12 constituents ending in the green
All that happened in markets today
The stock was trading lower for the 12th straight day, down 1% at Rs 2,517, its lowest level since March 1, 2016 on the BSE.
Thus far in the calendar year 2019 (CY19), the stock has outperformed the market by rallying 21 per cent, against a 6.7 per cent rise in the S&P BSE Sensex.
A media report said DHFL's discussions with Piramal Group and Baring PE were in advanced stages of negotiations
Last year, Toronto-based Fairfax agreed to invest $168 million for a 51% stake in the Syrian Catholic Bank, the first time the RBI allowed a foreign firm to take a majority interest in a local lender
Stocks like YES Bank, HDFC and TCS are witnessing higher open interest (OI) for April series.
Thus far in March month, Nifty PSU Bank index surged 18%, its biggest monthly gain in past 17 months, as compared to 6.5% rise in the Nifty 50 index.
The firm has signed 17 transformational deals during the quarter for another straight quarter driven by financial services, technology & services and manufacturing
Thus far in the FY 2018-19, the stock has rallied 66 per cent, against 16 per cent rise in the benchmark indices. It is the top gainer among Sensex and Nifty50 stocks during the fiscal year.
The domestic unit weakened marginally by 2 paise to close at 68.88 on Wednesday on the strengthening of the American currency and robust selling in domestic equities.
Here's a look at the top stocks that may remain in focus today -
Nifty outlook and top trading ideas from Sacchitanand Uttekar, DVP - Technical (Equity), Tradebulls Securities.
The domestic equity market's movement today will be driven by the futures and options expiry for March contracts, with investors rolling over positions to April series.