MARKETS LIVE: Indices slip amid choppy trade, Nifty below 10,400 mark

Catch all the market action here.

Benchmark indices were edged lower in a choppy session on Thursday with financial stocks continuing their downtrend while fertilizer stocks gained after the continuation of a government subsidy for urea.

Banking shares were subdued with revelations of yet another fraud at Punjab National Bank compounding the already-gloomy sentiment on public-sector lenders.

Fertilizer stocks rose after the Indian government decided to continue a urea subsidy scheme till 2020 and implemented the direct benefit transfer scheme. National Fertilizers, Rashtriya Chemicals and Fertilizers and Madras Fertilizers gained about 4-6 per cent

Stock markets across Asia slipped broadly in tandem with Wall Street, which fell for a third session overnight after US President Donald Trump sought to impose fresh tariffs on China, intensifying fears of a trade war. MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.45 per cent.

  • 03:17 PM

    Buzzing Stock

    Birla Corporation rose 6.03% to Rs 796 on BSE on bargain hunting after a recent slide. On the BSE, 15,000 shares were traded in the counter so far compared with average daily volumes of 9,069 shares in the past two weeks. The stock had hit a high of Rs 824 and a low of Rs 752 so far during the day.
  • 03:01 PM

    HG Infra rises 8% after emerging as lowest bidder for EPC project
    Shares of HG Infra Engineering have moved higher by 8% to Rs 294 per share on the BSE in noon deal in otherwise subdued market after the company said it has been declared, lowest bidder (L-1) for new EPC project under Ministry of Road Transportation & Highway (MORTH) for upgradation to two lane with paved shoulder configuration from Kundal to Jhadol in the state of Rajasthan. The completion period is 18 months.
  • 02:46 PM

    Reco: Subscribe
    Revenue CAGR of 5.5% over FY14-17 was led by robust growth of 13% CAGR in services business. During this period, share of service revenues jumped from 23% to 32%. With the upgrade of major fleets of the Indian Defence forces on the anvil, we believe this segment would continue to witness robust growth going forward. Growth would also be led by the execution of LCA (Tejas), Sukhoi, LCH, UAV and development of indigenous spares and engines. Orderbook of Rs.684bn provides strong revenue visibility for the company over the next five years.
    We believe the stock is attractively priced given strong earnings potential and humungous domestic aero defence opportunities.
    (Source: IIFL)
  • 02:31 PM

    Market check

    S&P BSE Sensex 33,726.03 Up -0.32%
    Nifty 50 10,368.90 Up -0.40%
    S&P BSE 200 4,536.12 Up -0.19%
    Nifty 500 9,136.35 Up -0.17%
    S&P BSE Mid-Cap 16,396.33 Up 0.50%
    S&P BSE Small-Cap 17,738.05 Up 0.71%
  • 02:22 PM

    MARKET STRATEGY Midcap, smallcap stocks rebound from CY18 lows. Analysts remain cautious

    After tumbling 13 per cent and 14 per cent respectively when the frontline index, the S&P BSE Sensex, was at its peak level of 36,283 on January 29, 2018, the mid-and small-cap indices on the Bombay Stock Exchange (BSE) have staged a partial recovery.
    Both indices moved up for the fourth straight session this week with a gain of 2.7% and 2.5% respectively, as compared to 1.4% rise in the S&P BSE Sensex. On a year-to-date basis, however, they still remain underperformers with a fall of eight per cent, as compared to less than one per cent fall in the S&P BSE Sensex.

    Markets, Buy, Sell, Stocks, Shares

  • 02:15 PM

    IDBI Bank gains for a third straight session
    IDBI Bank gained for a third straight session today. The stock is quoting at Rs 76.8, up 4.21% on the day as on 12:54 IST on the NSE. The benchmark Nifty is down around 0.2% on the day, quoting at 10390.45. The Sensex is at 33802.93, down 0.1%. IDBI Bank Ltd has gained around 24.27% in last one month.
    Meanwhile, Nifty PSU Bank index of which IDBI Bank Ltd is a constituent, has gained around 7.48% in last one month and is currently quoting at 2961.75, down 0.37% on the day. The volume in the stock stood at 645.39 lakh shares today, compared to the daily average of 519.67 lakh shares in last one month.
  • 02:14 PM

    Kotak Securities on NBCC

    In the last 4 years (FY15-18E), the company has grown its order book by ~4x to ~Rs 800 bn which gives strong revenue growth visibility for the next 5 years. On the other hand, the revenue has grown less than 1.5x in the same period. The company is focusing on execution and expects strong revenue growth in FY19E as most of the redevelopment projects would contribute meaningfully in the year.

    It has strong pipeline of new projects from development of railways land, armed forces land, Dharavi, etc which would support its future order book. We believe that the company’s top management getting clean chit would be sentimentally positive and ends the overhang of corruption changes on stock performance. The stock is presently trading at PE of 34.7x and 23.3x based on FY19E & FY20E EPS of Rs 5.6 and Rs 8.4 respectively. We upgrade our rating on the stock to BUY (from Accumulate earlier).

  • 02:01 PM

    Shakti Pumps up 6% on stake hike by promoter
    Shakti Pumps has moved higher by 6% to Rs 552 on the BSE in noon deal after the company announced that one its promoter bought more than 10,000 equity shares of the company through open market today.
  • 01:46 PM

    HAL IPO Analysis: Clear skies ahead for this public-sector defence major
    India’s largest defence public-sector company Hindustan Aeronautics (HAL) has many things going for it. The maker of the indigenous light combat aircraft or the Tejas will be the biggest beneficiary of rising defence budgets and the ‘Make in India’ programme, as 60 per cent of India’s defence-related requirements are currently met through imports.
  • 01:30 PM

    SECTOR WATCH Lack of rail rakes, higher diesel prices to weigh on cement margins
    Despite the projection of an increase in cement prices over the next few months, the profitability of producers might stay under stress, with diesel prices projected to remain firm and lack of railway rakes to carry the finished product. Also, higher cost.
  • 01:16 PM

    Govt to raise Rs 4.4 billion through Midhani’s IPO by divesting 26% stake
    State-owned Mishra Dhatu Nigam (Midhani) will be launching its Rs 4.4 billion initial public offering(IPO) next week. Through the IPO, government will be divesting 26 per cent stake in the company. The price band for the offering has been fixed in the range of Rs 87-90 apiece. At the upper price band, Midhani will be valued at Rs 16.86 billion.
  • 01:00 PM

    Market Check

    S&P BSE Sensex 33,784.17 Up -0.15%
    Nifty 50 10,394.20 Up -0.16%
    S&P BSE 200 4,543.10 Up -0.04%
    Nifty 500 9,156.00 Up 0.05%
    S&P BSE Mid-Cap 16,418.22 Up 0.63%
    S&P BSE Small-Cap 17,754.59 Up 0.80%
  • 12:55 PM

    IT, FMCG stocks could help overcome PNB-driven market volatility
    In the past month, a post-Budget correction turned into a rout for the banking sector after the PNB (Punjab National Bank) scam emerged and other scams were unearthed in its wake. The PSU Bank index is down by about 11 per cent in the last one month, while the Private Bank index is down 1.3 per cent and the Nifty Bank (which combines private and PSU banks) is down 2.4 per cent.
  • 12:40 PM

    Future Retail extends gain on pact with Oman-based Khimji Ramdas LLC
    Future Retail has rallied 9% to Rs 560 in intra-day trade, extending its past two days 3% gain on the BSE, after the Future Group Company said that it will form a joint venture with Oman-based Khimji Ramdas LLC to take its ‘fbb’ brand fashion outlets to Oman and other Gulf Cooperation Council (GCC) countries.
  • 12:26 PM

    As copra prices stablise, cost pressures likely to ease for Marico

    Shares of Marico underperformed the S&P BSE FMCG index and the S&P BSE Sensex in the last six months as sentiment turned sour due to input cost pressure. The cost pressure marred the December 2017 quarter (Q3) performance of the country’s largest hair oil company.
  • 12:11 PM

    Bandhan Bank’s Rs 44-billion IPO opens today: Should you subscribe?
    The Bandhan Bank initial public offering (IPO) opened for subscription on Thursday, at a price band of Rs 370-375 a share. The issue will close on March 19. The private sector lender is expected to raise Rs 44.13 billion at the lower and Rs 44.73 billion at the upper end of the price band. The bank has put on offer up to 119,280,494 equity shares, including a fresh issue of up to 97,663,910 equity shares.
  • 11:55 AM

    Road infrastructure firms witness surge in order inflow in current quarter
    Road infrastructure companies are headed for a brighter future, given the surge in order inflow. IRB Infrastructure bagged two Hybrid Annuity Model (HAM) projects in Tamil Nadu worth Rs 34.9 billion on Wednesday. Dilip Buildcon, Sadbhav Infrastructure Projects, KNR Constructions and Ashoka Buildcon have also seen good order inflow.
  • 11:45 AM

    Indian Hotels gain after Tata Sons acquire stake from promoter entities
    Indian Hotels Company was up 5% to Rs 137 on BSE in intra-day trade after Tata Sons acquired more than 6% stake in the company from three promoter entities as part of restructuring the investment portfolio.
  • 11:34 AM

    Moody’s raises crude oil price forecast to $45-65/barrel on global demand

    Moody’s Investors Service on Wednesday raised its medium-term price band for crude oil to $45-65 per barrel from $40-60 as continued OPEC-led production restraint and strong global demand growth have contributed to declining global inventories, offsetting rapid increases in US shale production.
  • 11:30 AM

    Market Check

    S&P BSE Sensex 33,764.70 Up -0.21%
    Nifty 50 10,383.95 Up -0.26%
    S&P BSE 200 4,541.05 Up -0.08%
    Nifty 500 9,146.50 Up -0.06%
    S&P BSE Mid-Cap 16,420.80 Up 0.65%
    S&P BSE Small-Cap 17,720.28 Up 0.61%
  • 11:24 AM

    Motilal Oswal Research on Strides Shasun (STR)

    We remain positive on STR, given its healthy ANDA pipeline, aggressive filings, sound compliance track record, vertical manufacturing integration, value accretion in Australia business, and outperformance in the branded generics business in emerging markets. We value STR based on sum-of-the-parts (SOTP), valuing the pharma business at 18x 12M forward earnings (industry average P/E multiple for midcap pharma) and Solara at an EV of 8x FY19E EBITDA to arrive at a price target of INR989. Re-iterate Buy
  • 11:21 AM

    IPO WATCH Hindustan Aeronautics Limited (HAL)

    In the absence any direct peer in India and with its unique business model along with Navratna status, HAL is on firm footing to exploit the upcoming opportunities in defence space in India led by Make in India initiative and higher defence expenditures. At upper price band, stock is available at 15.8x FY17 EPS and 9.6x of FY17 EBITDA, which appears to be reasonable considering its strong order book, healthy financials and return ratios.

    Further, considering the absence of any peer, we do not expect it to trade at a wider discount. Given its current order book, HAL can potentially grow in low teen range in next 2-3 years. Hence, we recommend SUBSCRIBING to the Issue.

  • 11:20 AM

    Fertiliser shares in focus; National Fertilizers, RCF up 5%
    Shares of fertilizers companies were trading higher by up to 10% on the BSE in early morning trade after the government approved a proposal to extend urea subsidy till 2020.
    Rashtriya Chemicals & Fertilisers (RCF), Nagarjuna Fertilizers and Chemicals, National Fertilisers, Fertilizers & Chemicals Travancore (FACT) and Madras Fertilisers were up in the range of 5% to 8% on the BSE.
  • 11:08 AM

    Emerging-market stocks are world’s best bet since Feb rout: Goldman’s Patel
    Emerging-market stocks are the world’s best investment after February’s rout cheapened valuations, according to Goldman Sachs Asset Management.
    Unlike previous market corrections, when developing nations suffered big outflows, clients have been adding more money to the riskiest assets, said Sheila Patel, the chief executive officer of International GSAM. That’s been a sound strategy during the past month as emerging-market stocks returned 3.1 per cent, beating the 2.5 per cent gain for US peers.
  • 10:52 AM

    Improving growth outlook, strong ad revenue are positives for Zee, Sun TV
    Strong advertising growth in the March quarter and an improving outlook for 2018 should aid the revenue growth of Zee Entertainment, the largest listed media company, and Sun TV, which dominates the viewership in South India, especially Tamil Nadu. This, coupled with rising viewership, will help Zee outperform its peers.
    It posted an overall network viewership growth of 220 basis points (bps) year-on-year (y-o-y) in February to 26.2 per cent, on the back of a strong showing in the Hindi general entertainment segment (GEC) and the Tamil genre.
  • 10:39 AM

    If you need to invest in debt in long-term portfolio, go for dynamic bonds
    Debt fund investors are a worried lot today. For many, the current trailing returns on their investments are below expectations due to the turn in the interest rate cycle. Most long-term funds have taken a hit over the past few months.
    In February, returns from many income and dynamic bond funds turned negative. To make matters worse, fund managers say that volatility may continue in the near future.
  • 10:25 AM


    INDIAN HOTELS 135.70 5.30 4.06 79098902
    IDBI BANK 78.65 4.80 6.50 4258247
    JP ASSOCIATES 17.00 0.70 4.29 2976794
    BAJAJ ELECTRICAL 615.35 -5.85 -0.94 2554509
    I O C L 192.65 -4.90 -2.48 2528237
  • 10:25 AM

    Top Sectoral gainer: Nifty Pharma index up nearly 1%

  • 10:20 AM

    SECTOR WATCH Real Estate

    Connaught Place (CP) in the national capital has emerged as the third most expensive office market in the Asia Pacific region with a rental of $88.8 per square metre (sqm) per month, according to a report.
    Bandra Kurla Complex (BKC) in the megapolis emerged as the fifth most costly business district among the list of 20 international cities, with a rental of $80.1 sqm per month, an improvement of two places over Q4 2016, the report titled ‘Asia-Pacific Prime Office Rental Index Q4 2017’ by property consultant Knight Frank said on Wednesday
  • 10:15 AM

    Sharekhan on IRB Infra

    We believe IRB has improved its construction segment revenue growth outlook with these order intakes while the near-term order tendering activity is expected to gather momentum. However, the resolution of claim at its Ahmedabad Vadodara project and the Pune court case (for detail see note dated 7th December 2017) remain as the key overhang on the stock. At this stage, we maintain our ‘Buy’ recommendation with an unchanged price target of Rs 270.
  • 10:14 AM

    Bandhan Bank IPO opens today: Short-term investors can easily avoid this ‘tie-up’

    On fundamentals, the prospects for Bandhan Bank (Bandhan), which is coming out with its initial public offering (IPO) on March 15, remain robust — it has a strong asset quality, high profitability as well as growth rates. However, the asking rate is on the higher side, say most analysts, who believe that there is nothing left on the table from the short-term perspective. Moreover, some analysts are also sceptical of Bandhan’s short stint of 3-4 years as a bank.

  • 10:12 AM


    Wipro has divested hosted data center services business for US$405 mn to Ensono. This transaction will be marginally EPS accretive for Wipro. We estimate NOPAT of US$15.7 mn, revenues of US$250 mn and single digit EBIT margin for this business. Wipro has effectively sold this business at a P/E multiple of 26X, an impressive price for a business portfolio that will be disrupted by cloud shift. As impressive as this deal is, we maintain that Wipro will underperform industry on revenue growth. We maintain Cautious stance on the stock.

  • 10:11 AM

    MMTC surges 15% on bonus issue proposal

    Shares of MMTC have surged 15% to Rs 59.75 per share on the BSE on back of heavy volumes after the state-owned company said that its board will meet on Monday, March 19, 2018 to consider bonus issue proposal.

  • 10:01 AM

    Market Check

    S&P BSE Sensex 33,787.24 Up -0.14%
    Nifty 50 10,395.55 Up -0.15%
    S&P BSE 200 4,544.38 Up -0.01%
    Nifty 500 9,154.00 Up 0.03%
    S&P BSE Mid-Cap 16,405.84 Up 0.55%
    S&P BSE Small-Cap 17,672.95 Up 0.34%
  • 09:53 AM

    Himadri Speciality up as Govt imposes anti-dumping duty on SNF from China
    Himadri Speciality Chemical was trading 4% higher at Rs 159, extending its Wednesday’s 3.4% gain on the BSE, after the government imposed anti-dumping duty on import of Sulphonated Naphthalene Formaldehyde (SNF)–a chemical used in the construction and dyes industry–from China.
  • 09:39 AM

    HAL IPO: Foreign investment banks drop out over zero fees, inordinate delay
    Foreign investment banks, including Goldman Sachs, have opted out of the mandate to handle the share sale of the country’s largest defence public sector undertaking (PSU) Hindustan Aeronautics (HAL). Inordinate delay and potential losses due to the zero-fee mandate are the reasons for behind foreign banks losing interest in the initial public offering (IPO), sources say.
  • 09:27 AM

    BSE Smallcap: MMTC top gainer, Sheela Foam top loser

  • 09:24 AM

    BSE Midcap: Shriram City Union Finance top gainer, NBCC (India) top loser

  • 09:19 AM

    Sectoral Trend

  • 09:18 AM

    Sensex heatmap

  • 09:16 AM

    Markets at Open

    At 9:16 am, The S&P BSE Sensex was trading at 33,809, down 25 points while the broader Nifty50 index was ruling at 10,405, down 5 points

  • 09:12 AM

    Additions in OI were seen in 10100, 10400 strike Puts and at 10400 strike Call indicating bearish undertone in the market for the day.
    Highest OI build-up is seen at 10500 strike Calls and 10000 strike Puts, to the tune of 4.50mn and 4.94mn respectively.
    FIIs were net sellers in Cash to the tune of 258.98 Cr. and were net sellers in Index Futures to the tune of 218.45 Cr.
    India VIX decreased by 0.69% to close at 14.36 touching an intraday high of 14.95.

  • 09:11 AM

    IPO CORNER ICICI Securities’ Rs 40-bn IPO opens Mar 22, fixes price band at Rs 519-520

    The price band for ICICI Securities’ initial public offer (IPO) has been fixed at Rs 519 to Rs 520 per equity share, ICICI Bank said on Wednesday. The IPO will open for subscription on March 22 to raise an estimated Rs 40 billion. ICICI Securities is a subsidiary of private sector lender ICICI Bank.

    Representative Image (Photo: Shutterstock)

    Representative Image (Photo: Shutterstock)
  • 09:07 AM


    The market is likely to open flat with a negative bias taking cues from global markets. Asian stocks dropped and the yen gained as traders adopted a risk-off approach, mulling comments from President Donald Trump’s new economic adviser. Treasury yields extended declines after lackluster U.S. retail sales stoked concern that consumer spending is cooling, weighing on the dollar.

    US stocks fell for the third straight day after lackluster retail sales figures fanned concern that consumer spending is cooling, while traders awaited next week’s rate decision by the Federal Reserve.

    As per provisional figures, foreign institutional investors (FIIs)/ Foreign Portfolio Investors (FPIs) sold shares worth net Rs 258.98 crores on 14th March 2018. Domestic institutional investors sold shares worth Rs 432.03 crores on that day.

  • 09:06 AM

    Global Economic Outlook

    We expect China’s economy to slow in 2018 as credit growth decelerates, housing sales flatten off and investment growth eases. Macro-prudential tightening has been a bit more concerted than expected but the authorities have recently reaffirmed their commitment to maintaining high growth rates in the short term. The wider emerging-market recovery has been helped by a weaker dollar and rising commodity prices but these benefits are likely to fade. We expect oil prices to fall back below $60 per barrel (Brent) and the dollar to be supported by faster Fed rate rises and improving US growth prospects.
    We have again upgraded growth forecasts as the eurozone recovery powers ahead, US fiscal policy eases by more than anticipated and investment prospects improve. US growth has been revised up to 2.7% in 2018 and 2.5% in 2019 from 2.5% and 2.2%, respectively, in our December 2017 GEO. Eurozone growth has been revised up to 2.5% in 2018 and 1.8% in 2019 from 2.2% and 1.7%, respectively. China’s 2018 forecast has also been revised up slightly (by 0.1pp) but growth is still expected to slow to 6.5% from 6.9% in 2017. Growth forecasts for Japan and the UK are unchanged for 2018 at 1.3% and 1.4%, respectively

    (Source: Fitch)

  • 09:04 AM


    Havells India signs agreement with Hyundai Electric for manufacturing magnetic contactors
    Wipro to sell hosted data center services operations to U.S. based Ensono for $405 million
    Welspun Enterprises says NHAI to undertake re-bidding for Tamil Nadu highway project
    Aditya Birla Capital says ARC business receives certificate of registration from RBI
    Bharti Airtel approves allotment of debentures to raise Rs 3,000 cr
    Himadri Speciality to invest additional Rs 1,000 cr in Carbon Black in Bengal
    Jet Airways adds 144 new weekly flights this summer

    (Source: Nirmal Bang report)

  • 09:02 AM

    Technical check on the markets (Image Source: Geojit Financial Services)

  • 09:02 AM

    Market at pre-open

    Index Current Pt. Change % Change
    S&P BSE SENSEX 33,862.60 +26.86 +0.08
    S&P BSE SENSEX 50 10,886.55 +6.38 +0.06
    S&P BSE SENSEX Next 50 33,421.49 +58.32 +0.17
    S&P BSE 100 10,780.41 +8.25 +0.08
    S&P BSE Bharat 22 Index 3,564.70 -4.14 -0.12
  • 09:00 AM

    Equinomics Research on Lakshmi Machine Works

    The stock price of Lakshmi Mills Company (LMC) has corrected by around 17% from its recent peak of Rs.4,112 and is already down by around 20% from its 52W High of Rs.4,299. We recommend investors, who missed to accumulate the stock, to use this opportunity to buy the stock at the current market price

  • 08:57 AM

    Bharti Airtel approves allotment of debentures to raise Rs 3,000 cr
    India’s largest telecom operator Bharti Airtel on Wednesday said its committee of directors has approved the allotment of 30,000 debentures for raising about Rs 30 billion via private placement.
    The Sunil Mittal promoted company, which is engaged in a fierce tariff war to safeguard its turf in the Indian telecom market, said the proceeds of the issue will be utilised for debt refinancing and spectrum liabilities.
  • 08:55 AM

    Bharat Dynamics’ Rs 9.6-billion IPO subscribed 47% a day before close
    The Rs 9.6-billion initial public offering (IPO) of state-run Bharat Dynamics was subscribed 47 per cent on Wednesday, a day before its close. The offering had received bids for 10.2 million shares as against 22.5 million shares on offer.
  • 08:49 AM

    LS passes Finance Bill 2018; unlisted stocks to get indexation benefits

    The Lok Sabha on Wednesday passed the Finance Bill 2018, allowing the benefit of inflation adjustments to stocks that were unlisted till January 31 while levying long-term capital gains (LTCG) tax.
    The move might provide tax benefits to shareholders of the National Stock Exchange (NSE), others who have invested in employee stock ownership plans (ESOPs), and in certain merger and acquisition cases.
  • 08:48 AM

    Top trading ideas for today: Buy Tech Mahindra, Muthoot Finance
    Reco: Buy
    CMP: Rs 398
    Muthoot finance Ltd. Has been oscillating well within a downward sloping channel since November 2017.
    The recent Spike occurrence followed by a Bullish Harami formation near the lower bound of the pattern depicts the strength of the support near 360. The recent rebound wave which commenced from this support has impulse wave characteristics which augurs well for a move towards 426 where its 200 DEMA is placed which could eventually see an extension towards the upper end of the channel formation which is currently placed around 440. Traders could ustilise the opportunity to build positional longs with a stop below 374.
  • 08:43 AM

    Top trading ideas for the day

    CMP : Rs 269.85
    TARGET : Rs 292
    STOP LOSS : Rs 258
    The stock has been gradually on the rising trend while taking support at the significant 200 DMA at regular falls and currently it has shown good recovery from the bottom to anticipate a significant move upwards to scale upto Rs 296 levels. The RSI is also on the rising trend and recently with a trend reversal indicated it has signaled a buy and thus maintained a positive bias in the stock.
    With good consistent volume participation witnessed, we recommend a buy in this stock for an upside target of Rs 292 keeping a stop loss of Rs 258.
  • 08:42 AM

    Nifty outlook by Prabhudas Lilladher for the day

    Nifty Market continues to move in narrow range with high volatility & no conviction in a consistent move. The support for the day is seen at 10,350 while resistance is seen at 10,460. Nifty once again needs to decisively cross 10,435-10,440 hurdle for next target of 10,500 & hold it’s near term support of 10,350. Media stocks like TV-18, TV Today, Network 18 etc are showing good strength.

  • 08:38 AM

    Markets on Wednesday

    S&P BSE Sensex 33,835.74 Up -0.06%
    Nifty 50 10,410.90 Up -0.15%
    S&P BSE 200 4,544.71 Up 0.02%
    Nifty 500 9,151.55 Up -0.07%
    S&P BSE Mid-Cap 16,315.44 Up 0.28%
    S&P BSE Small-Cap 17,612.92 Up 0.06%
  • 08:37 AM

    SGX Nifty

    The SGX Nifty was trading at 10,405, down 0.24% from the previous close.

  • 08:36 AM

    Asian Markets

    The Asian stock markets slipped broadly on Thursday while government bonds attracted safe-haven demand amid mounting investor concerns that growing trade tensions would hurt the global economy.
    MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.45%. Hong Kong’s Hang Seng dropped 0.75%, South Korea’s KOSPI lost 0.45% and Japan’s Nikkei was down 0.85%.
  • 08:34 AM

    Wall Street

    US stocks fell on Wednesday after US President Donald Trump sought to impose fresh tariffs on China, intensifying fears of a trade war that could raise costs and hurt overseas sales for US companies.
    The Dow Jones Industrial Average fell 248.91 points, or 1%, to end at 24,758.12, the S&P 500 lost 15.83 points, or 0.57%, to 2,749.48 and the Nasdaq Composite dropped 14.20 points, or 0.19%, to 7,496.81.
  • 08:32 AM

    Good morning!

    Welcome to Business Standard’s live blog on markets. Have a nice day!


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