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Closing Bell: Sensex, Nifty end flat amid rising slowdown concerns; Tata Motors, Wipro and HCL drag

Closing Bell: Sensex, Nifty end flat amid rising slowdown concerns; Tata Motors, Wipro and HCL drag

Closing Bell: Sensex, Nifty end flat amid rising slowdown concerns; Tata Motors, Wipro and HCL drag
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Summary

Benchmark Indices recovered from day's low to end flat amid negative global cues, led by buying in NTPC, Bajaj Auto, and Bajaj Finance. The S&P BSE Sensex settled at 36,671, down 54 points, while the broader NSE Nifty50 ended at 11,035, down 23 points. NTPC, GAIL, Eicher Motors, UPL and Ultratech Cements were the top gainers on Nifty50, with NTPC rising over 4 percent. Tata Motors, Wipro, HCL Tech, Tata Steel and Indiabulls Housing Finance were the draggers in the index.

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Sectoral Trend##Sectoral Trend

Closing Bell: Sensex, Nifty end flat amid rising slowdown concerns; Tata Motors, Wipro and HCL drag
Mar 8, 2019 3:39 PM

Top Nifty gainers and losers##Top Nifty gainers and losers

Closing Bell: Sensex, Nifty end flat amid rising slowdown concerns; Tata Motors, Wipro and HCL drag
Mar 8, 2019 3:39 PM

Closing Bell: Sensex, Nifty end flat amid rising slowdown concerns; Tata Motors, Wipro and HCL drag

Benchmark Indices recovered from day's low to end flat amid negative global cues, led by buying in NTPC, Bajaj Auto, and Bajaj Finance. Asian stocks shuddered lower on Friday after shockingly weak export data from China heightened market fears about a global economic slowdown, a day after European policymakers slashed growth forecasts for the bloc.

The S&P BSE Sensex settled at 36,671, down 54 points, while the broader NSE Nifty50 ended at 11,035, down 23 points. Meanwhile, broader markets were in line with frontline indices with the Nifty MidCap fallinf 0.1 percent and Nifty Smallcap falling 0.2 percent.

NTPC, GAIL, Eicher Motors, UPL and Ultratech Cements were the top gainers on Nifty50, with NTPC rising over 4 percent. Tata Motors, Wipro, HCL Tech, Tata Steel and Indiabulls Housing Finance were the draggers in the index.

Among sectors, most sectoral indices ended in red. Nifty IT and Nifty Metal fell the most followed by Nifty Auto and Nifty PSU Bank. However, Nifty Realty and Nifty FMCG were in green.

Mar 8, 2019 3:36 PM

Axis Bank Sells 1.9% equity in Balaji Tele via block deal, sources say##Axis Bank Sells 1.9% equity in Balaji Tele via block deal, sources say

Mar 8, 2019 3:18 PM

Allahabad Bank shares extend winning streak, hit 52-week high##Allahabad Bank shares extend winning streak, hit 52-week high

Shares of Allahabad Bank extended rally and hit a 52-week high in the intra-day trade on Friday.

The stock has been on a gaining spree after the Reserve Bank of India (RBI) took the lender out of the prompt corrective action (PCA) framework following the government's capital infusion. The stock has rallied 32 percent since then.


With Rs 6,896 crore infusion, Allahabad Bank is the second biggest beneficiary, whose common equity tier 1 ratio will be above 12.5 percent post the recapitalisation. READ MORE

Mar 8, 2019 3:06 PM

Continue to look for a feasible solution for Jet Airways, says SBI's Anshula Kant##Continue to look for a feasible solution for Jet Airways, says SBI's Anshula Kant


Talking about Jet Airways, Anshula Kant, MD of sBI said, “It is very difficult to stay at this stage. It has been all over the media – SBI and our other colleague bankers have been trying very hard to find a reasonable solution which suits or which is appropriate for all stakeholders. However, let us wait and see. I think in the next couple of weeks, one way or the other we will know.” 


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Mar 8, 2019 2:51 PM

These five investment ideas by Centrum Broking can give you 12-52% returns

The benchmark indices have been in a volatile phase for a while now but will soon enter a pre-election rally, according to analysts.
Closing Bell: Sensex, Nifty end flat amid rising slowdown concerns; Tata Motors, Wipro and HCL drag
Mar 8, 2019 2:36 PM

Market Update##Market update

Equity benchmarks remained under pressure for the second consecutive session with the Sensex falling 102.37 points to 36,623.05, dragged by IT, metals and private banks stocks. The Nifty50 was down 39.30 points at 11,018.90. About four shares declined for every three shares rising on the BSE.

Mar 8, 2019 2:19 PM

Allahabad Bank hits 52-week high; up 40% since capital infusion##Allahabad Bank hits 52-week high; up 40% since capital infusion

Shares of Allahabad Bank hit 52-week high in intra-day trade today, extending its recent gains. The Bank has surged over 40 percent since the government announced capital infusion of Rs 6,896 crore in the bank. Following that, the Reserve Bank of India (RBI) took the bank out of the prompt corrective action (PCA) framework on February 26. The stock has rallied 32 percent since then.

Mar 8, 2019 2:04 PM

Rupee climbs to day's high against the US Dollar##Rupee climbs to day's high against the US Dollar

Mar 8, 2019 1:47 PM

Jubilant Life: US FDA Issues Warning Letter For Roorkee Facility##Jubilant Life: US FDA Issues Warning Letter For Roorkee Facility


Jubilant Lifesciences said the US Food and Drug Administration issued a warning letter for the Roorkee facility. The USFDA may withhold approval of any new applications or supplements till the company addresses all issues raised by the agency, it added.

Mar 8, 2019 1:27 PM

Equity flows slip nearly 17% to Rs 5,122 crore in February##Equity flows slip nearly 17% to Rs 5,122 crore in February

Mar 8, 2019 1:11 PM

Rakesh Jhunjhunwala may have pulled out of Star Health deal##Rakesh Jhunjhunwala may have pulled out of Star Health deal

Mar 8, 2019 12:53 PM

Arvind Fashions climbs 5 percent on listing##Arvind Fashions climbs 5 percent on listing

Shares of Arvind Fashions, the de-merged business of Arvind Ltd, jumped as much as 5 percent in their market debut on Friday.


The stock, which got listed at Rs 590, rose to a high of Rs 621.30 on the Bombay Stock Exchange. The implied market cap of Arvind Fashions is at Rs 3,450 crore with enterprise value (EV) at Rs 4,150 crore.READ MORE

Mar 8, 2019 12:34 PM

Tata Motors falls 4% after weakness in China drags JLR global sales 4%##Tata Motors falls 4% after weakness in China drags JLR global sales 4%


Tata Motors shares declined nearly 4 percent in morning on Friday after the Jaguar Land Rover's global sales performance dented by China.


US-based luxury car maker Jaguar Land Rover said its retail sales in February 2019 fell 4.1 percent to 38,288 vehicles, compared to February last year.

Mar 8, 2019 12:18 PM

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