Rising bond yields have created a flutter in global markets with investors tweaking their investment strategy and seeking safe-haven plays. The story back home has not been any different with the S&P BSE Sensex and the Nifty50 indices slipping around 3 per cent each from their respective 52-week high levels. Besides cues from the global markets, the Indian markets have had to deal with inflation concerns amid rising commodity prices. Over the past few weeks, inflation expectations have risen sharply, given the large-scale monetary and fiscal stimulus by global central banks amid ongoing vaccination efforts. Historically, mild-to-moderate inflation has been good for equities, but not the extreme, analysts say. Despite these headwinds, there are ample opportunities for investors and stock selection will be key.
Read more about TCS, Infosys: These IT stocks may help Nifty50 claim new high on Business Standard. An up move above 26,000 levels may trigger a rally towards 27,000-mark in the Nifty IT index
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NEW DELHI: DRC Systems India Limited, the demerged entity of IT consultancy Infibeam Avenues, got listed on bourses on Wednesday. The shares were listed at Rs 128.75 and Rs 128.80 on BSE and NSE respectively in opening deals. In a statement, the company said it received approval from BSE and NSE for listing and trading of its equity shares with effect from Wednesday. DRC Systems offers a vast range of customized IT solution and consultancy services to clients in India and International from the embryonic stage to the high-level stage. This includes development, maintenance, testing and all related ancillary services.
Bajaj Finance, Sun Pharma, Tech Mahindra, Eicher Motors shares rise up to 2.34%, top gainers today
Top gainers in the stock market today: 6 stocks that rose the most on March 10; Bajaj Finance, Sun Pharma, Tech Mahindra, Eicher Motors, JSW Steel, Hindalco are top gainers on Sensex and Nifty today
BusinessToday.In | March 10, 2021 | Updated 17:15 IST
List of top 6 gainers on March 10: Bajaj Finance, Sun Pharma, Tech Mahindra, Eicher Motors, JSW Steel, Hindalco
Sensex and Nifty closed higher for the third consecutive session today led by gains in IT and consumer durables stocks. While Sensex gained 254 points to 51,279, Nifty rose 76 points to 15,174. Of 30 Sensex stocks, 23 ended in green. ONGC, Kotak Bank, ITC and HDFC Bank shares were the top Sensex losers falling up to 2.05%.
Benchmark indices ended higher in Tuesday s volatile session as bond yields in US and Europe retreated sharply. Sensex closed 584 points higher at 51,025 and Nifty rose 142 points to 15,098.40. Private banks, IT and consumer goods stocks led the gains i