INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Concerns over escalating tension between India and Pakistan after Air Force conducted aerial strikes on terror camps in POK
spooked investors, causing the benchmark indices Sensex and Nifty end in the red
Market lurched lower sharply in the early trade, but recovered in the afternoon session after Indian government's clarification that the
strike was not against civilians, but a preemptive measure to check further terror attacks.
Subdued Asian peers offered no hope, while an
uptick in crude oil prices also weighed on investor sentiment.
Sensex settled 240 points, or 0.66 per cent, down at 35,973.71, with 22
stocks in the red and 9 in the green.
The NSE Nifty fell 45 points, or 0.41 per cent, to close at 10,835.30, with 19 stocks in the green, 30
in the red and one unchanged.
The BSE Midcap and Smallcap indices closed 0.27 per cent and 0.50 per cent lower, respectively.
We walk you
through the highlights of Tuesday's session:Kotak Bank hikes FPI shareholding capKotak Mahindra Bank said its board of directors approved
to increase in ceiling limit on the total shareholding of foreign portfolio investors (FPIs) to 45 per cent with immediate effect
Shares of the company closed 0.44 per cent down at Rs 1,235.75 on the BSE.
Sebi bans Anand Rathi Commodities, GeofinMarkets regulator Sebi
The decision came against the backdrop of the payment scam at the National Spot Exchange (NSEL) that came to light in 2013; and
subsequently, many entities, including brokers, have come under the scanner of Sebi and other probe agencies.
CG Power falls on stake sell
buzzShares of CG Power and Industrial Solutions closed 2.22 per cent down at Rs 30.80 after reports that the Gautam Thapar-led firm was in
talks to sell stake in the company
An ET NOW report said that Thapar was in talks with KKR and other PE players.
Britannia climbs, HPCL falls on Nifty rejigShares of Britannia
Industries closed 0.95 per cent higher at Rs 3,073.80, while those of HPCL closed 0.94 per cent lower at Rs 226.05 after the Index
Maintenance Sub-committee (IMSC) of NSE Indices decided to replace oil marketing company HPCL with Britannia Industries on the flagship
This change will become effective from March 29
DHFL falls on ICRA downgrade Shares of Dewan Housing Finance Corporation (DHFL) closed 4.28 per cent down at Rs 130.85 after ratings agency
Airways skids 2%Shares of Jet Airways extended losses into the second session, closing 2.14 per cent down at Rs 224.25
An ET report said that the Income-tax department has discovered some irregularities in transactions between Jet Airways and its Dubai-based
group companies and believes that the airline may have done this to evade taxes worth around Rs 650 crore
96 stocks ready to riseMomentum indicator moving average convergence divergence, or MACD, showed bullish crossovers on 96 counters on the
BSE, signalling that these stocks may rise in the coming sessions
Among the stocks that saw bullish crossovers were Bank of India, PVR, Petronet LNG, Britannia Industries, Novartis and Cochin Shipyard
On the flip side, 28 stocks, including ITI, Optiemus Infracom, Zen Technologies and Elixir Capital, showed bearish crossover.
HDFC, Avenue
Supermarts below 200-DMAsHDFC, Oriental Bank, UCO Bank, Delta Corp, HDIL, Avenue Supermarts, Granules India, Hindusthan National Glass and
Industries and Kalpataru Power Transmission were among the stocks that witnessed negative breakouts and traded below their 200-DMAs
On the other hand, Petronet LNG, Torrent Power, Den Networks, Shekhawati Poly-Yarn and Sundaram Finance were among those who traded above
