Mar 8, 2021 4:00 PM

Mar 8, 2021 3:53 PM

Here are key stocks that moved the most on March 8

The Sensex ended 36 points higher at 50,441 while the Nifty rose 18 points to settle at 14,956.Get latest Market online at cnbctv18.com

Mar 8, 2021 3:49 PM

Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments

As expected, the markets have been trading sideways all day. We were not being able to get past 15,300 or break fiercely below 14,800. A trigger of either level will pave the way for the next rally up or down. Until then traders would be advised to tread cautiously with strict stops.

Mar 8, 2021 3:39 PM

Market At Close

- Market Closes With Minor Gains, But Off Highs

- Nifty Slips 155 Points & Sensex 545 Points From Day’s High

- Financials Drag Market While IT & Reliance Lend Support

- Nifty Closes 18 Points Higher At 14,956 & Sensex 36 Points Higher At 50,441

- Nifty Bank Rises 47 Points To 35,276 & Midcap Index 71 Points To 24,149

- Market Breadth Slightly Favours Advances; Advance-Decline Ratio At 1:1

- PSUs Extend The Gaining Streak; GAIL, ONGC , IOC Amongst Top Nifty Gainers

- Shree Cement, Bajaj Fin, IndusInd, UltraTech & HDFC Are Top Nifty Losers

- Stocks Like ITDC, BEML Central Bk, Bk Of Maha Rise On Divestment Hopes

- AB Capital Rises Over 6% On Reports Of Co Planning To List MF Business

- MSTC Gains Over 7% On Govt’s Plan To Bring In Scrappage Policy Soon

Mar 8, 2021 3:38 PM

Closing Bell | The Indian equity market erased intraday gains to end Friday's volatile session marginally higher. The Sensex gained 35.75 points, or 0.07 percent, to close at 50,441.07, while the Nifty ended at 14,956.20, up 18.10 points, or 0.12 percent. Broader markets, Nifty Smallcap100 and Nifty Midcap100 ended 0.45 percent and 0.30 percent higher, respectively.

Among sectors, gains were witnessed in PSU banks, metals and IT indices, while realty, financial services, FMCG and auto indices ended in the red. On the Nifty50 index, UPL, GAIL, L&T, ONGC and SBI Life were the top gainers while IndusInd Bank, Shree Cement, Bajaj Finance, UltraTech Cement, and Bajaj Auto led the losses.

Mar 8, 2021 3:37 PM

Mar 8, 2021 3:25 PM

Crude oil rises above $70/bbl; here's why Brent is on the boil

Crude oil prices have been rising sharply with the international Brent oil prices surging above USD 70 a barrel for the first time since the COVID-19 pandemic began. The US crude also touched its…

Mar 8, 2021 3:14 PM

Buzzing | The share price of BEML surged over 15 percent on Monday to hit a 52-week high on media reports that at least 6 companies are looking to buy a stake in the defence equipment maker.

Mar 8, 2021 3:07 PM

World shares ease as yields and oil ring inflation alarm

World shares dipped on Monday as the US Senate’s passage of a $1.9 trillion stimulus bill put fresh pressure on Treasuries and tech stocks with lofty valuations, raising inflation jitters. These concerns overshadowed the prospect that stimulus would give another boost to the world’s No.1 economy, likely helping global growth rebound faster from the COVID-19 downturn. Analysts expect a sharp acceleration in inflation, stoked in part by the latest spike in oil prices, which on Monday climbed above $70 for the first time since the pandemic began, Reuters reported.

Mar 8, 2021 2:59 PM

Bad loans to rise at Indian banks as easy liquidity may tighten – Fitch

Bad loans and credit costs are expected to rise at Indian banks as easy money policies to shore up a pandemic-battered economy may start to tighten, Fitch Ratings said on Monday. The coronavirus lockdowns last year slammed an already struggling financial sector, but recent quarterly reports have shown an improvement in profits and asset quality, said a Reuters report.

Noting that the recent improvement masked underlying pandemic stress, Fitch said banks would increasingly feel the pinch from the continued impact on small businesses and rising unemployment. "Fitch believes that the disproportionate shock to India's informal economy and small businesses, coupled with high unemployment and declining private consumption, have yet to fully manifest on bank balance sheets," the rating agency said in a note.

Mar 8, 2021 2:53 PM

Mar 8, 2021 2:42 PM

Buzzing | Just Dial shares zoom 9% on signing IPL ad deal

Shares of Just Dial zoomed over 9 percent in trade on Monday after the local search engine company signed an advertising agreement with Star India for the Indian Premier League (IPL). The sentiment also buoyed on reports that Tata Digital has held exploratory talks with Just Dial to strike a strategic alliance or pick up a stake in the firm. Read more.

Mar 8, 2021 2:37 PM

Tata Motors | The company's shareholders approved hiving off passenger vehicle business into a separate entity.

Mar 8, 2021 2:32 PM

Overall Business Index Value at decadal high in India: FICCI survey

The Overall Business Index value in India has touched a record 74.2, the highest in the last decade and 15 points above last year’s 59, revealed the Federation of Indian Chambers of Commerce & Industry (FICCI)'s Business Confidence Survey for the third quarter.

The survey collected responses from a wide array of business sectors and was carried out in January-February this year. It sheds light on respondents' expectations for the next six months. The companies are optimistic and buoyed about regaining some control over price, with 66 per cent of the respondents in the survey saying they were expecting better prospects for their sales in the time to come. Besides, about 27 per cent also expected an increase in the selling price of their products over the next six months. Read here.

Mar 8, 2021 2:23 PM

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