Major headlines
NALCO OFS opens today at Rs40
Punj Lloyd bags overseas contract for Rs314 cr; stk up
Bharti Airtel slips on 3G roaming woes
Indian indices
The key benchmark indices closed today's trading session in the negative zone backed by weak domestic cues. The broader markets too witnessed lackluster trade. The Indian equities ended today's trade with losses as investors booked profits at higher levels. Investors remained on the sidelines today ahead of the Reserve Bank of India's policy announcement next week on March 19. The NSE Nifty recouped the 5900 mark but failed to maintain it till the end while S&P BSE Sensex fell below 19,450 in today's trading session. The BSE Midcap Index was down by 0.62% and BSE Smallcap Index fell 0.84%.
Movement of the Indian indices for the day
Looking at the market movement for the day, positive Asian cues helped the key benchmark indices kick-start the trade in green zone. But in the mid-morning session, markets witnessed profit booking in rate sensitive shares which led the market to trade in red zone. Flat opening of the European markets also added pressure.
The key indices hit their intraday low level in the early afternoon trade and closed today's session on a negative note. Sectors like realty, banking, oil & gas, auto, CG, metal, PSU, power, HC added pressure while others provided some support to the markets. The major S&P BSE Sensex losers for the day were - ICICI Bank, RIL, HDFC Bank, Tata Motors, L&T, Bharti Airtel and Gail India.
Following are the stocks/sectors which were in news today:
NALCO slipped 9% after the Government of India set Rs40 per share as floor price for paring its stake through an offer for sale to comply with listing norms.
Punj Lloyd rose 3.50% after company said it has bagged a contract worth Rs314 crore from Al-Khafji Joint Operations for an offshore project in Al-Khafji, Saudi Arabia.
Parenteral Drugs surged, after the company said Goa Formulations, a subsidiary company has sold its pharmaceutical manufacturing unit at Goa to Fresenius Kabi. But the stock witnessed a reversal trend and fell by 5.64% in today's trade.
Market sentiment
The market breadth stood in favor of decline. Of the 2990 stocks traded on the BSE, 1114 (37.26%) rose, 1754 (58.66%) fell and 122 (4.08%) stocks remained unchanged.
Global signals
European shares opened flat on Friday, holding near recent highs thanks to central bank stimulus and an improving US economy on what could be a choppy trading day due to a big options expiry.
Asian stock markets made solid gains on Friday, as the region's investors cheered signs of strength in the US economy.
US stock index futures pointed towards a flat opening at the Wall Street on Friday.
NALCO OFS opens today at Rs40
Punj Lloyd bags overseas contract for Rs314 cr; stk up
Bharti Airtel slips on 3G roaming woes
Indian indices
The key benchmark indices closed today's trading session in the negative zone backed by weak domestic cues. The broader markets too witnessed lackluster trade. The Indian equities ended today's trade with losses as investors booked profits at higher levels. Investors remained on the sidelines today ahead of the Reserve Bank of India's policy announcement next week on March 19. The NSE Nifty recouped the 5900 mark but failed to maintain it till the end while S&P BSE Sensex fell below 19,450 in today's trading session. The BSE Midcap Index was down by 0.62% and BSE Smallcap Index fell 0.84%.
Movement of the Indian indices for the day
Looking at the market movement for the day, positive Asian cues helped the key benchmark indices kick-start the trade in green zone. But in the mid-morning session, markets witnessed profit booking in rate sensitive shares which led the market to trade in red zone. Flat opening of the European markets also added pressure.
The key indices hit their intraday low level in the early afternoon trade and closed today's session on a negative note. Sectors like realty, banking, oil & gas, auto, CG, metal, PSU, power, HC added pressure while others provided some support to the markets. The major S&P BSE Sensex losers for the day were - ICICI Bank, RIL, HDFC Bank, Tata Motors, L&T, Bharti Airtel and Gail India.
Following are the stocks/sectors which were in news today:
NALCO slipped 9% after the Government of India set Rs40 per share as floor price for paring its stake through an offer for sale to comply with listing norms.
Punj Lloyd rose 3.50% after company said it has bagged a contract worth Rs314 crore from Al-Khafji Joint Operations for an offshore project in Al-Khafji, Saudi Arabia.
Parenteral Drugs surged, after the company said Goa Formulations, a subsidiary company has sold its pharmaceutical manufacturing unit at Goa to Fresenius Kabi. But the stock witnessed a reversal trend and fell by 5.64% in today's trade.
Market sentiment
The market breadth stood in favor of decline. Of the 2990 stocks traded on the BSE, 1114 (37.26%) rose, 1754 (58.66%) fell and 122 (4.08%) stocks remained unchanged.
Global signals
European shares opened flat on Friday, holding near recent highs thanks to central bank stimulus and an improving US economy on what could be a choppy trading day due to a big options expiry.
Asian stock markets made solid gains on Friday, as the region's investors cheered signs of strength in the US economy.
US stock index futures pointed towards a flat opening at the Wall Street on Friday.
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