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SKS Microfinance touched an intraday high of Rs 570 and an intraday low of Rs 549. At 09:30 hrs the share was quoting at Rs 565, up Rs 13.05, or 2.36%.
SRF buyback opens today. The buyback is at maximum Rs 380 per share, reports CNBC-TV18. It touched an intraday high of Rs 324.85 and an intraday low of Rs 311. At 09:28 hrs the share was quoting at Rs 323, up Rs 13.10, or 4.23%.
Japanese Nikkei stock benchmark was down 2% on Thursday, cutting earlier losses as investors, shaken by a yen surge and a deepening nuclear power plant crisis, warily picked up shares savaged by heavy selling earlier in the week.
Andhra Cement was locked at 10% upper circuit. It touched an intraday high of Rs 14.78 and an intraday low of Rs 14.25. At 09:24 hrs the share was quoting at Rs 14.78, up Rs 1.34.
Central Bank of India today went to ex rights in 3:5 ratio, reports CNBC-TV18. It touched an intraday high of Rs 153.80 and an intraday low of Rs 140. At 09:21 hrs the share was quoting at Rs 145.30, down Rs 25.90, or 15.13% on the NSE.
Jyothy Laboratories has acquired 14.9% equity of Henkel India from Tamil Nadu Petro at a price of Rs 35 per share by way of off market transaction for Rs 60.73 crore, reports CNBC-TV18. It touched an intraday high of Rs 254.80 and an intraday low of Rs 237. At 09:19 hrs the share was quoting at Rs 252, up Rs 21.30, or 9.23% on the NSE.
Indian equities started the day on a negative note weighed down by weak global cues emanating out of Japan and the MENA region coupled with feeble economic data. However, the market recovered most of the losses from early trade.
The yen surged to a record high against the dollar on expectations that Japanese insurers would need to repatriate the currency in the wake of the devastating earthquake and tsunami that killed thousands in northeast Japan.
The Indian rupee opened at 45.25 per dollar versus 45.11 yesterday.
Money Market Operations as on March 16, 2011
From a pure India perspective, Indian equities look attractive and seem to be priced and positioned for a lot of the negatives on the horizon, says Ridham Desai of Morgan Stanley.
By: Jordan Furlong
Japanese officials blamed the yen's surge to a record high on speculators and kept markets on alert for a possible intervention ahead of Group of Seven talks later on Thursday about steps to calm financial markets roiled by Japan's deepening nuclear crisis.
Shelling out Rs 35 per share has made Mumbai-based Jyothy Laboratories the largest Indian shareholder in Henkel India. Jyothy has acquired a 14.9% stake in the Chennai-based 'Ujala' maker for Rs 60.73 crore in an all-cash deal, reported The Economic Times.
Mid-cap information technology services and products company 3i Infotech is in talks to sell its US subsidiary, Regulus.
According to a report by Angel Broking, if Nifty trades below 5507 levels for the first half-an-hour of trade then it may correct up to 5480-5448 levels.
Karur Vysya Bank | Central Bank | Asian Paints | Mindtree | Tata Power | SRF | GMR | JSW Energy | Jyothy Labs | India Hotels and Dr Reddy's Labs are stocks, which are in the news today.
Have you seen waves on the surface of the sea? Today, for the entire day Nifty will pass time like the waves in the sea.
The support for the Nifty is at 5450-5300 and resistance at 5530-5620.
Nine companies are eyeing to develop the Rs 3,000-crore Tadadi port project in Karnataka.
The coming session is likely to witness a resistance at the 5575 levels on advances. Support is likely at the 5450 below which the 5420 levels maybe seen.
All eyes today will be on RBI's monetary policy. I expect RBI to hike Repo and Reverse Repo by 25 bps, says Ananth Narayan, Standard Chartered Bank.
It was a volatile session for crude oil prices yesterday. Japanese nuclear situation kept prices in check while violent clashes in Bahrain, Yemen, Syria supported the prices.
The development in western economies and the crisis in Japan will reduce capital account flows into India. RBI will continue to cushion rupee appreciation to keep exchange rate competitive for exports and to induce liquidity into the system, says Moses Harding, IndusInd Bank.
Here is a list of the likely impact of and response to the devastating earthquake and tsunami that rocked the northeast coast of Japan on Friday, and subsequent crisis at nuclear power plants.
