MARKETS: Sensex zooms 1,000 pts, recovers 50k; more extensive files fail to meet expectations

LIVE market: Majority of the Nifty sectoral indices were painted green, with the Nifty Metal index, up 3 per cent, leading the gainers

LIVE market refreshes: The Indian benchmark records added to their initial gains and were exchanging more than 2% higher in Tuesday’s early afternoon bargains, lifted by metals, pharma, financials, and FMCG stocks.

Among the feature records, the S&P BSE Sensex acquired 1,000 focuses at 50,000 levels and the Nifty50 list was trying the 14,800-mark. Hindustan Unilever, Titan, Dr Reddy’s, ONGC, and NTPC acquired 2%, each, and were the top Sensex gainers.

In the interim, portions of Nazara Technologies recorded at 81% premium over their issue cost of Rs 1,101 on the NSE.

Greater part of the Nifty sectoral lists were painted green, with the Nifty Metal record, up 3%, driving the gainers.

In the more extensive business sectors, the S&P BSE MidCap and SmallCap lists exchanged 0.6 percent higher, each.

European markets check

IRCON International zooms 8% as firm to consider reward issue

On March 3, 2021, the advertiser of IRCON – which is under the Railways Ministry and into development of transportation foundation., attempted an offer-available to be purchased (OFS) issue to offload 16% stake in the organization. The issue comprised of 2.25 crore imparts to a story cost of Rs. 88 for every offer. The issue was bought in 2.06 occasions.

Nazara Tech shares locked in 20% lower circuit

Tata Power bags orders to develop 60 MW solar

Tata Power on Tuesday said it has bagged an order to develop 60 MW (mega watt) solar project for Gujarat Urja Vikas Nigam. The company has received a letter of award from Gujarat Urja Vikas Nigam Limited (GUVNL) on March 26, 2021, to develop a 60 MW solar project in the state of Gujarat, Tata Power said in a regulatory filing. The energy will be supplied to GUVNL under a power purchase agreement (PPA), valid for a period of 25 years from scheduled commercial operation date, the company said.

How one of world’s greatest hidden fortunes was wiped out in days

Hwang and his private investment firm, Archegos Capital Management, are now at the center of one of the biggest margin calls of all time–a multibillion-dollar fiasco involving secretive market bets that were dangerously leveraged and unwound in a blink.

Hwang and his private investment firm, Archegos Capital Management, are now at the center of one of the biggest margin calls of all time–a multibillion-dollar fiasco involving secretive market bets that were dangerously leveraged and unwound in a blink.

How one of world’s greatest hidden fortunes was wiped out in days

Mid, small-cap indices lag benchmark Nifty

MARKET UPDATE:: HDFC twins, Infosys, and RIL among top contributors to Sensex’s gain today

Corporate Action :: IRCON to consider issuance of bonus shares on April 5

>> IRCON International has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/04/2021 to consider and approve the proposal for issuance of Bonus Shares.

GIC Housing Finance raises Rs 195 crore via non-convertible debentures

GIC Housing Finance on Tuesday said it has raised Rs 195 crore through issuance of non-convertible debentures (NCDs) to Aditya Birla Sun Life Mutual Fund on private placement basis. “…Pursuant to the authority accorded by our board… 1,950 numbers of NCDs, having a face value of Rs 10,00,000 each at par for an aggregate amount of Rs 195 crore, issued on private placement basis,” GIC Housing Finance said in a regulatory filing.

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Q&A | ‘Markets are pricing in quite a strong earnings revival’

Prima facie, the March quarter earnings will obviously look good on a year-on-year (YoY) basis, owing to the weak base. On an absolute basis as well, we believe we could have yet another strong earnings season. The nominal growth rates will start looking better, as we have seen price hikes across sectors/products. So, while there could be overall moderation in margins because of rising input costs due to surge in commodity prices, the bottom line will be aided by better revenue growth.

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