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Closing bell : Benchmark indices ended lower in a volatile trade ahead of February F&O expiry. Domestic sentiment due to weak global cues and as the minutes of the central bank's latest policy meeting showed members were concerned about accelerating inflation as well as uncertainty about the strength of an economic recovery.
The 30-share BSE index Sensex ended lower by 25.36 points or 0.07 per cent at 33,819.50 and the 50-share NSE index Nifty closed down by 14.75 points or 0.14 per cent to 10,382.70.
BSE sectoral indices
NSE sectoral indices
Multi Commodity Exchange has enhanced the maximum compensation payable to investors in case of default to Rs 25 lakh from Rs 2 lakh. Read more
The exchange will pay the compensation from the Rs 179-crore investor protection fund set up using the penalty levied on errant investors since 2012.
Looking to recover over ₹7,000 crore of investors’ money, SEBI will next month auction 11 properties of Pancard Clubs and its late CMD at a total reserve price of ₹260 crore. Read more
The fake notice bearing the regulator’s logo and purportedly addressed to the National Stock Exchange was circulated on various WhatsApp groups and other social media platforms on February 21.
Quantum Long Term Equity : The ability to contain downsides well, combined with participating well during upsides, has seen Quantum Long Term Equity beat its benchmark (S&P BSE Sensex Total Returns Index) and peers over longer periods, though it could lag in the short term. Click here to read more
The Sensex and Nifty were trading flat due to squaring-up of positions ahead of February F&O expiry later today and weak global cues.
Domestic sentiment was also hit as the minutes of the central bank's latest policy meeting showed members were concerned about accelerating inflation as well as uncertainty about the strength of an economic recovery.
The six-member Monetary Policy Committee had met on February 6-7 to decide on the key interest rates
The Sensex was trading up by 11.07 points or 0.03 per cent at 33,855.93 and the Nifty down by 14.95 points or 0.14 per cent at 10,382.50.
BSE sectoral indices
European shares retreated in early trading as a flurry of corporate results fail to lift sentiment after a new wave of speculation about faster hikes in US interest rates hit Wall Street and Asia and soured risk appetite globally. More on this
Most European bourses and sectors were falling and at 0834 GMT on Thursday, the pan-European STOXX 600 index was down 0.7 per cent.
Icici Prudential Focused Blue Chip Equity : Given its large-cap exposure, the fund has contained losses better during downsides in 2011, 2013 and 2015, which has translated into good returns over market cycles. Click here to read more
Reliance Infrastructure has won a Rs 3,647-crore contract from Tamil Nadu Generation and Distribution Corporation for work related to Uppur thermal power project. More on this
The contract entails design, engineering, supply, erection, testing and commissioning of BoP package and allied civil works on EPC basis. The project is to be commissioned in 36 months.
Bharat Dynamics and Indian Renewable Energy Development Agency have received SEBI nod for IPO. Click here to read more
As per the markets watchdog latest update, Bharat Dynamics and IREDA had received ‘observations’ from the Securities and Exchange Board of India (SEBI) on February 15 and February 16, respectively.
Benchmark indices were trading marginally lower and the 10-year bonds hit a two-year low after the minutes of the central bank's latest policy meeting showed inflation concerns continued, while the rupee was trading at its weakest level against the dollar since November.
The minutes showed RBI's monetary policy committee members were concerned about accelerating inflation as well as uncertainty about the strength of an economic recovery.
The six-member Monetary Policy Committee had met on February 6-7 to decide on the key interest rates
“The minutes of the RBI meeting suggest RBI is still concerned about inflation ... all these have weakened sentiment further,” said Neeraj Dewan, director, Quantum Securities.
The 30-share BSE index Sensex was trading down by 27.69 points or 0.08 per cent at 33,817.17 and the 50-share NSE index Nifty down by 14.65 points or 0.14 per cent at 10,382.80.
BSE sectoral indices
Domestic sentiment was also hit due to squaring-up of positions by participants on the last trading session of February F&O series contracts today and a weak trend in other Asian markets , after the US Federal Reserve minutes indicated a hike in interest rates.
New framework aimed at speeding up NPL resolution is likely to push up banks’ credit costs and undermine earnings in the near-term, says Fitch Ratings. Click here to read more
Fitch says under the new framework for NPL resolution, banks will need to report defaults by large borrowers weekly, indicating a more invasive approach to tracking bad assets.
Shares of Gitanjali Gems continued to face selling pressure for the seventh straight session today, falling 58.5 per cent in the past one week. Read more
The stock tanked 4.92 per cent to Rs 26.10 -- its lowest trading permissible limit for the day -- on the BSE.
'RERA will level the playing field': India’s real estate sector has undergone much transformation in the last 2-3 years, particularly with the implementation of GST and RERA. Samantak Das, Chief Economist and National Director, Research, Knight Frank India, shares his views on the impact of regulatory changes on the real estate sector. Click here to read more
SAMANTAK DAS Chief Economist and National Director, Research, Knight Frank India
Taking stock of realty : Stocks in the real estate sector, the darlings of investors prior to 2008, have become the most shunned since then. Click here to read more
SGX may pick up a stake in NSE’s GIFT (Gujarat International Finance Tech-city) exchange, known as NSE IFSC. Click here to read more
Nifty futures: Traders can stay out of the market until a range breakout gives a clear trade signal. Read more
Traders can stay out of the market until a range breakout gives a clear trade signal.
Greater Hyderabad Municipal Corporation has listed its municipal bonds on the BSE bond platform. Click here to read more
GHMC has raised Rs 200 crore by issuing bonds on a private placement basis using the BSE Bond platform.
Fed policy minutes : The Federal Reserve’s rate-setting committee showed more confidence on the need to keep raising interest rates at its last policy meeting, with most believing that inflation would perk up. Read more
The more upbeat take on inflation in the minutes of the January 30-31 meeting released on Wednesday will likely further cement expectations that new Fed chief Jerome Powell will lead his colleagues in raising interest rates next month.
Benchmark indices were trading lower due to squaring-up of positions by participants on the last trading session of February F&O series contracts. Domestic sentiment was also hit due to weak Asian cues after the US Federal Reserve minutes indicated a hike in interest rates.
The Sensex was down 89.12 points or 0.26 per cent at 33,755.74 and the Nifty down 34.25 points or 0.33 per cent at 10,363.20.
BSE sectoral indices
HSBC has raised the price target of Mahindra & Mahindra Ltd to Rs 840 from Rs 795, and it has maintained “buy” rating. More on this
HSBC says India's tractor industry has grown “strongly” in the past two years and it expects a continued growth of 10-12 per cent in FY19 as well.
Credit Suisse has initiated coverage of biscuit maker Britannia Industries with “outperform” rating and a price target of Rs 5,550. Read more
The brokerage expects the company to gain market share gradually to high-30s from 32 per cent at present.
Performance of NSE 500 cos : India net sales, operating profit and adjusted net profit of companies (excluding financial services and oil and gas) that are in the NSE 500 grew 8.4 per cent, 12.6 per cent and 14 per cent year-on-year, respectively, in the December 2017 quarter. Click here to read more
F&O rollover: Futures and options traders are evidently bracing for a bearish March, at least in the early part, as the rollover of open interest positions from February to March indicates a short rollover. Click here to read more
Bajaj Finserv, Grasim Industries and Titan Company will enter the Nifty-50 index from April 2, replacing Ambuja Cements, Aurobindo Pharma and Bosch. Click here to read more
File photo
Japan’s Nikkei share average fell to a near 1-week low due to across-the-board selling after US shares dropped overnight. More on this
Ricoh Co tumbled more than 5 per cent shortly after the market opened, following the report which said it was considering taking a charge of up to 100 billion yen ($930 million) this fiscal year.
Asian shares slipped as the risk of faster hikes in US interest rates lifted short-term Treasury yields to the highest in almost a decade and boosted the dollar. Click here to read more
PO31_Arrow_down
The Sensex was trading down by over 100 points as participants remained cautious ahead of February derivatives expiry later today. The BSE index was down 100.58 points or 0.3 per cent at 33,744.28 and the NSE index down 44.25 points or 0.43 per cent at 10,353.20.
Among BSE sectoral indices, oil & gas index fell the most by 1.39 per cent, followed by PSU 0.85 per cent, auto 0.77 per cent, metal 0.5 per cent. Only IT index was up 0.8 per cent and TECk 0.37 per cent.
Top five Sensex gainers were Sun Pharma, IndusInd Bank, Adani Ports, Infosys and YES Bank, while the major losers were ONGC, Asian Paints, Coal India, Dr Reddy's and Maruti.
Day Trading Guide
Supports and resistances for Nifty 50 futures and seven key stocks are given in the table that can help in intra-day trading. Click here to view the full table
FILE PHOTO: A bird flies past a window of a HDFC Bank branch office in Mumbai, India, October 21, 2015. REUTERS/Shailesh Andrade/File Photo
Today's stock pick: Investors with a short-term perspective can buy the stock of Man Industries (India) at current levels. The stock has been in a long-term uptrend since taking support at around ₹45 in May 2017. Read more
The board of directors of KPR Mill will meet today to consider a proposal for buyback. KPR Mill shares were trading up by 1.37 per cent at Rs 703.25 on the BSE. More on this
The ₹258-crore buyback offer of eClerx Services opens today and will end on March 8. The company shares were trading up by 0.22 per cent at Rs 1322.75 on the BSE. More on this
Rama Vision has been appointed as the distributor of Nuby’s products of Nuby Asia Pacific Ltd, which is an established babycare brand in the US. Rama Vision shares were trading flat at Rs 18.90 on the BSE. Read more
Smallcap World Fund Inc has increased its stake in Mayur Uniquoters to over 5 per cent. The company shares were trading down by 1.19 per cent at Rs 502 on the BSE. Read more
Steel Strips Wheels Ltd (SSWL) has secured another prestigious export order from BMW. The company shares were trading down by 0.3 per cent at Rs 981.65 on the BSE. Read more
9.10 am
The S&P BSE Sensex shed 143.05 points or 0.42 per cent at 33,701.81 against the previous close of 33,844.86 and the Nifty50 dropped 43.1 points or 0.41 per cent to 10,354.35 against Wednesday's close of 10,397.45.
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