What not to miss today

Here are the important news to watch out for today.

Mar 11, 2019 07:03 IST India Infoline News Service

-SGX Nifty is at 11043, down 15 points. On Friday, the Nifty saw a volatile session where the index outperformed all global indices as we closed down 20 points. Indian markets have underperformed in the recent global rally & now stands to gain as most other.

-Nifty finds support around 10970, while 11089 will act as resistance on the upside. Bank Nifty finds support around 27500, while 27900 will act as resistance.

-In yesterday’s trading session FIIs bought 1095cr worth of stock in cash, whereas DIIs sold 471cr worth of stock. In the derivative market, FIIs sold 251cr of Index futures and bought 1009cr worth of Index options. In the Stock futures segment, FIIs sold 1088cr worth of stock futures and bought 139cr stock options.

-US Market: US stocks end worst week in 2019 as indices see December like sell-off. Bond yields hit 2.63%, lowest in a year, as money chases fixed income. Oil prices also corrected yet recovered from lows, as markets await OPEC meet outcome.

-Asian markets opened mixed with most trading flat after Friday's extreme sell-off caught everyone off guard. The Chinese index was down over 5% as other markets followed owing to huge profit booking that took place after a stupendous run in 2019. All eyes on progress & implementation of positive trade talks between US & China.

-Rupee down 15 paise at 70.15/$.

-Sun TV announced dividend of Rs2.5/share. 

-Punj Llyod said NCLT admitted ICICI Bank’s petition under Insolvency and Bankruptcy Code in respect of an alleged default amount of Rs853.8cr.

-NCLT approved RIL-JM Financial resolution plan for Alok Industries insolvency process.

-Brickwork Ratings downgrades various debt intruments of DHFL.

-HSBC hiked TP to Rs1,978 on Info Edge.

-On March 6, Ashutosh Khajuria, ED and CFO, Federal Bank, bought 2 lakh shares .

-On March 8, Krishna Prasad Chigurupati, promoter of Granules India sold 50 lakh shares.

-On March 7, Bajaj Holdings and Investment, promoter of Bajaj Auto bought 73,000 shares.

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