What not to miss today

Here are the important news to watch out for today.

Mar 13, 2019 02:03 IST India Infoline News Service

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-SGX Nifty is at 11261, up 49 points. For today, we expect some consolidation after a heady start to the week as Nifty tries to stay above 11300, while broader market sees more traction.

-FIIs bought 2473cr (cash), 1975cr in Index futures.

-Asian markets opened in the red as overnight US cues were mixed. The recent run in equities has seen most Asian indices outperform globally, as stocks become the best asset class in 2019. Expect some more consolidation as investors book profit along the way, while the broader indices digest the recent gains.

-US stocks end mixed with Nasdaq seeing gains, while Dow Jones slips 100 points. Oil prices see more consolidation on the upside as US inventories fall more than expected. Boeing sees deeper sell-off as more countries ban 737 flying, which hurt sentiment. 

-Kotak Mahindra Bank sought the court’s interim protection on founder stake issue.

-HDFC Life Insurance OFS to non-retail investors received 2.6 times demand on the first day.

-Media reports: Biocon received FDA Form 483 with two observations for biosimilar plant.

-RCom’s plea to release tax refund money to March 13 was rejected by the court.

-On March 8, Advanced Enzymes Technologies promoter groups sold 85 lakh shares.

-On March 8, Bajaj Auto promoter Bajaj Holdings acquired 3.91 lakh shares.

-Over March 6-11, JBF Industries promoter Chinar Mittal acquired 1.17 lakh shares.

-March 8, Wipro promoter Azim Premji Trust sold 2.67 crore shares.

-Credit Suisse hikes TP to Rs1,125 on Pidilite.

- CLSA hikes TP to Rs229 on DLF; hikes TP to Rs11,750 on Nestle.

-Citi hikes TP to Rs8,300 on Maruti Suzuki; hikes TP to Rs761 on Dilip Buildcon.

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