Market Live: Sensex above 37k, Nifty gains 120 pts; auto, metal stocks surge

Why Punjab National Bank could have upside of about 20%

  • Nifty is trading above its three major simple moving averages 20-DMA, 50-DMA and 200-DMA that are placed between 10,830 and 10,870.

  • Mar 11, 01:32 PM (IST)
  • Mar 11, 01:30 PM (IST)

    Metal stocks have further consolidated their gains. JSL Hisar is the biggest gainer, up about 5 percent. Jindal Steel and Nalco are up more than 4 percent. The Nifty Metal index is up 2.5 percent.

     Metal stocks have further consolidated their gains. JSL Hisar is the biggest gainer, up about 5 percent. Jindal Steel and Nalco are up more than 4 percent. The Nifty Metal index is up 2.5 percent. 
  • Mar 11, 01:18 PM (IST)

    The country’s largest cooler company Symphony is now looking to capture the commercial space through the launch of products for office spaces. In an interaction with Moneycontrol, Achal Bakeri, Chairman and Managing Director, Symphony, said they will be rolling out portable air-coolers for commercial spaces. Read more

  • Mar 11, 12:54 PM (IST)

    Just In | Kalpataru Power Transmission Limited has secured new orders of Rs.1,288 Crores. The details are as follows:
    • Transmission & Distribution business has secured projects of Rs 771 crore primarily in international markets
    • Two projects in Oil and Gas business totalling Rs 517 crore

  • Mar 11, 12:23 PM (IST)

    First Cut | SBI ups the ante, but banks unlikely to see any impact on margins

    First Cut | SBI ups the ante, but banks unlikely to see any impact on margins

    SBI’s move to link savings bank deposits above Rs 1 lakh with the repo rate will affect 12.8 per cent of its total liabilities

  • Mar 11, 12:17 PM (IST)

    Shares of Aurionpro Solutions gained 5.2 percent intraday Monday after company won a prestigious order from Bharat Electronic. Read more

  • Mar 11, 12:15 PM (IST)

    Energy stocks are in the focus today. Hindustan Petroleum is up 6 percent, BPCL is up 4 percent and IOC is higher by nearly 4 percent. Nifty Energy index is up over 2 percent.

     Energy stocks are in the focus today. Hindustan Petroleum is up 6 percent, BPCL is up 4 percent and IOC is higher by nearly 4 percent. Nifty Energy index is up over 2 percent. 
  • Mar 11, 11:56 AM (IST)

    Just in | Power Mech Projects Limited has received contract for project worth  Rs 1,238 crore from Water Resources Department, Government of Andhra Pradesh. The stock has jumped about 3 percent on the news.

  • Mar 11, 11:51 AM (IST)

    Buzzing: Jet Airways shares gained 3 percent after a media report claimed that the company received fresh credit from Punjab National Bank. Also sources said Etihad Airways board of directors will discuss revival plan for the company.

  • Mar 11, 11:48 AM (IST)

    Buzzing: Shares of Ashoka Buildcon have surged 6 percent after the company’s subsidiary received LoA from NHAI.

  • Mar 11, 11:45 AM (IST)

    NDA likely to win 264 seats, 141 for UPA in Lok Sabha election: Opinion poll

    NDA likely to win 264 seats, 141 for UPA in Lok Sabha election: Opinion poll

    The ruling Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) will sweep a majority of parliamentary seats up for grabs in the election starting April 11, a nationwide opinion poll has shown.

  • Mar 11, 11:42 AM (IST)

    Broad market indices at this hour

      Broad market indices at this hour
  • Mar 11, 11:33 AM (IST)

    As Nifty reclaims 11K, 242 stocks in Nifty500 gain 10-100%; time to buy?

    As Nifty reclaims 11K, 242 stocks in Nifty500 gain 10-100%; time to buy?

    Nifty50 might have reclaimed 11,000 for the first time since February, but majority of the action was seen in the small & midcaps.

  • Mar 11, 11:23 AM (IST)

    Ashoka Buildcon’s subsidiary Ashoka Concessions Limited has received a Letter of Award (LOA) from National Highways Authority of India Hybrid Annuity Mode under Bharatmala in the State of Karnataka. The accepted Bid Project Cost is Rs1382 Crore.

  • Mar 11, 11:16 AM (IST)

    Shares of Unichem Laboratories added 3.2 percent intraday Monday after successful inspection at Ghaziabad facility by USFDA. Read more

  • Mar 11, 11:03 AM (IST)

    Spot air fares go through the roof as IndiGo, Jet Airways cancel flights

    Spot air fares go through the roof as IndiGo, Jet Airways cancel flights

    Major carriers IndiGo ( InterGlobe Aviation) and Jet Airways cancelled nearly 200 flights every day since February, driving up ticket prices booked 7-15 days before the date of travel as compared to prices in January when the schedule was normal, The Financial Express reported.

    • With rupee higher about 0.3 percent intraday at 69.91/$, the IT stocks are trading subdued, on otherwise a bullish day for equity market. The Nifty IT index is down marginally, dragged by stocks like Tata Elxsi, Mindtree and Tech Mahindra.

       With rupee higher about 0.3 percent intraday at 69.91/$, the IT stocks are trading subdued, on otherwise a bullish day for equity market. The Nifty IT index is down marginally, dragged by stocks like Tata Elxsi, Mindtree and Tech Mahindra. 
    • Mar 11, 10:36 AM (IST)

      PSU banks have surged in day’s trade. IDBI is the highest gainer rising over 4 percent. Overall, Nifty PSU Bank index has surged 2.6%.

       PSU banks have surged in day's trade. IDBI is the highest gainer rising over 4 percent. Overall, Nifty PSU Bank index has surged 2.6%. 
    • Mar 11, 10:29 AM (IST)
    • Mar 11, 10:17 AM (IST)

      Buzzing: GMR Infrastructure shares gained 1.5 percent after company’s subsidiary GMR Airports (GAL) received the formal letter of award (LoA) from MIHAN India, the concessioning authority for the Nagpur Airport.

    • Mar 11, 10:01 AM (IST)

      Image source: Bloomberg

       Image source: Bloomberg
    • Mar 11, 09:57 AM (IST)

      Market Updates: The benchmark indices extended the morning gains with Sensex inching towards 37,000, while Nifty trading at 2019 high.

      Also, Nifty Bank has touched 28,000 for the first time since September 3, 2018.

      HPCL, BPCL, Bharti Infratel, Coal India and Eicher Motors are the top gainers on the Nifty.

    • Mar 11, 09:38 AM (IST)

      Dilip Buildcon declares as lowest bidder: Shares of Dilip Buildcon rose 6 percent in the early trade on Monday after company declared as lowest bidder for the project in the state of Maharashtra.

      The company has been declared L-1 bidder for the EPC project in the state of Maharashtra, valued at Rs 480.06 crore by the National Highways Authority of India (NHAI).

    • Mar 11, 09:26 AM (IST)

      Lok Sabha polls: Find out when does your city heads for voting

      Lok Sabha polls: Find out when does your city heads for voting

      The Election Commission of India (EC) on March 10 announced the schedule for the upcoming Lok Sabha polls. The poll panel also announced the Assembly election schedule for four states.

    • Mar 11, 09:19 AM (IST)

      Market opens: It is a positive start for the indices on Monday with Nifty inching towards 11,100 mark.

      The Sensex is up 212.54 points at 36883.97, while Nifty up 68.90 points at 11104.30. About 739 shares have advanced, 208 shares declined, and 53 shares are unchanged.

      Sadbhav Infra, GMR Infra, Jet Airways, Dilip Buildcon, SBI, ONGC, IOC, Titan, Dr Reddy’s Lab, Bharti Infratel, JSW Steel, Hero Moto, are some of the gainers on the indices, while lowers are Kotak Mahindra Bank, CG Power, Reliance Infra, TCS, Nalco and REC.

      All the sectoral indices are trading in green.

    • Mar 11, 09:14 AM (IST)
    • Mar 11, 09:08 AM (IST)

      Rupee Opens: The Indian rupee gained in the early trade on Monday. It has opened higher by 14 paise at 70.01 per dollar versus previous close 70.15.

    • Mar 11, 09:04 AM (IST)

      Market at pre-open: Benchmark indices are flat in the pre-opening trade with positive bias Nifty around 11,100 level.

      The Sensex is up 32.77 points at 36704.20, while Nifty is up 44.70 points at 11080.10.

      Titan, L&T, SBI, are among major gainers in the pre-opening session.

      [“source=moneycontrol”]