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Top 5 gainers on NSE at this hour
Price as on 14 Mar, 2022 12:49 PM, Click on company names for their live prices.
DLF to invest Rs 550 cr to construct 1-mn-sqft office building in Chennai for StanChart GBS
Price as on 14 Mar, 2022 12:23 PM, Click on company names for their live prices.
- Wholesale prices (YOY) actual: 13.1% vs 12.96% previous
Sensex Today: Index rises 550 points, reclaims 56,000
Mangerial rejig at Sobha Ltd; stock down 5%
Nestle India hikes Maggi prices by 9-16%: TV Report
Price as on 14 Mar, 2022 11:28 AM, Click on company names for their live prices.
The exit of Jubilant FoodWorks CEO & MD Pratik Pota has brought earnings downgrades and an up to 39 per cent cut in price targets, sending the stock lower intraday by the most since March 2020. Macquarie has downgraded the stock to ‘underperform’ while slashing its target to Rs 2,150 from Rs 3,550 earlier. Jefferies has cut its target to Rs 3,050 from Rs 3,750. Credit Suisse has reduced its target to Rs 2,900 from Rs 3,500. JP Morgan has slashed its target from Rs 4,025 to Rs 3,000.
JUST IN: Krsnaa Diagnostics COO Shivananda Rao resigns
Price as on 14 Mar, 2022 11:12 AM, Click on company names for their live prices.
Sensex Today: Index extends gains, up 350 points
L&T Construction awarded (Significant) contracts for its water & effluent treatment business; significant orders are worth Rs 1,000 to 2,500 crore
Price as on 14 Mar, 2022 10:59 AM, Click on company names for their live prices.
Zydus Lifesciences Ltd on Monday said it has received the final approval from the US health regulator to market its generic version of colestipol hydrochloride tablets, which is used to lower cholesterol. The approval by the US Food and Drug Administration is for colestipol hydrochloride of 1 mg strength, the company said in a regulatory filing.
Price as on 14 Mar, 2022 10:40 AM, Click on company names for their live prices.
Top 10 losers from the FMCG space in morning session
Price as on 14 Mar, 2022 10:29 AM, Click on company names for their live prices.
NIFTY AUTO TANKS 1%
Shares of Ruchi Soya skyrocketed 12 per cent in early trade on Monday as the edible oil firm, which is owned by Baba Ramdev’s Patanjali Ayurveda, said it will hit the capital market with its follow-on public offer (FPO) on March 24 to raise up to Rs 4,300 crore. Ruchi Soya’s counter surged to a high of Rs 899.40 as against Rs 803.15 at previous close on the National Stock Exchange. The stock was last trading 10 per cent higher.
Bitcoin up after Elon Musk tweets ‘won’t sell’
JUST IN: Income tax department is conducting pan India searches on Omaxe
The RBI asked Paytm Payments Bank to stop opening new accounts amid “material supervisory concerns” observed in the bank. The bank has also been directed to appoint an IT audit firm to conduct a comprehensive system audit of its IT system.
Price as on 14 Mar, 2022 09:43 AM, Click on company names for their live prices.
STOCK IN FOCUS: JUBILANT FOODWORKS TANKS 10% AS CEO RESIGNS
- Declines most since March 23, 2020
- M-cap eroded by over Rs 3,500 crore
- Corrects more than 40% from 52-week high
The decline in crude from the recent high of $140 to below $110 and declining trends in most metal prices indicate that the feared high inflation may not materialize. There are two significant trends in the market now: One, FPI selling has come down significantly; two there is value buying in the mid-and small-cap segment. Quality stocks with earnings visibility in the broader market are attracting investment from mutual funds and retail investors. The most important event this week from the market perspective would be the outcome of the Fed meet expected on Wednesday. The Fed commentary would be more keely watched than the expected 25 bp rate hike.
– Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
The Reserve Bank of India has lifted all restrictions on HDFC Bank, permitting it to launch new digital initiatives, the private sector lender said.
Price as on 14 Mar, 2022 09:24 AM, Click on company names for their live prices.
- Crypto markets remained under pressure as investors watched the growing tension between Russia and Ukraine.
- Barring the dollar pegged stablecoins and Terra, all of the top digital tokens were trading lower on Monday. Avalanche tumbled 6 per cent, followed by a 4 per cent fall in Dogecoin, Shiba Inu and XRP each.
- The global cryptocurrency market cap today dropped lower to $1.72 trillion, down about 3 per cent in the last 24 hours. Total cryptocurrency trading volume jumped as much as 16 per cent to $62.45 billion.
Most active stocks on NSE in opening session
Price as on 14 Mar, 2022 09:21 AM, Click on company names for their live prices.
SECTOR WATCH: FMCG, auto, metal indices under pressure
Top Nifty gainers & losers at opening tick
OPENING BELL: Sensex rises 200 points, Nifty tops 16,650; ZEEL, HDFC Bank jump up to 4%
Pre-open session: Sensex rises 300 points, Nifty nears 16,650
SGX Nifty signals a negative start
Nifty futures on the Singapore Exchange traded 54.5 points, or 0.33 per cent lower at 16,595.00, signaling that Dalal Street was headed for a negative start on Monday.
Tech View: Nifty50 charts hint at consolidation ahead
Nifty50 on Friday advanced for the fourth straight day as it formed bullish candles on both daily and weekly charts. On the weekly scale, the MACD line is close to the equilibrium line, suggesting strong support at the prevailing levels. But, as seen in the past, consolidations do occur around the equilibrium line, before the index sees any further directional move. For now, analysts see 16,800 as a key barrier.
Asian shares up as oil slips on hopes for Ukraine talks
Asian shares advanced on Monday on hopes for progress in Russian-Ukraine peace talks. While Russian missiles hit a large Ukrainian base near the border with Poland on Sunday, both sides gave their most upbeat assessment yet of prospects for talks. Japan’s Nikkei rose 1.1%, while MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.1% after sliding almost 4% last week.
Wall Street ended lower on Friday
Wall Street ended a downbeat week with further losses Friday as traders braced for continued economic fallout from Russia’s invasion of Ukraine as well as looming Federal Reserve rate hikes, though European indices saw gains. The Dow Jones Industrial Average fell 229.88 points, or 0.69%, to 32,944.19, the S&P 500 lost 55.21 points, or 1.30%, to 4,204.31 and the Nasdaq Composite dropped 286.15 points, or 2.18%, to 12,843.81.
Rupee pares initial gains, settles flat at 76.44 against dollar
The rupee pared its initial gains and settled just 1 paisa lower at 76.44 against the US currency on Friday amid dollar demand from oil importers and state-run power companies. Persistent foreign fund outflows and geopolitical worries sapped risk appetite in the market, pushing investors towards safe-haven assets. At the interbank foreign exchange market, the rupee opened weak at 76.34 against the American dollar and fell further during the session as investors moved away from riskier assets.
Sensex, Nifty on Friday
The Indian equities markets key indices Sensex and Nifty closed in the positive for the fourth straight day on Friday. The markets witnessed volatile trading with a positive bias. The Sensex started the day with over 200 points of loss at 55,218.78 points. The index later turned positive surging to a high of 55,833.95 points. The S&P BSE Sensex closed the day at 55,550.30 points, which is 85.91 points or 0.15 per cent higher from its previous day’s close at 55,464.39 points. Earlier the Sensex slipped to a low of 55,049.95 points in the intra-day.