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Defensives drive Sensex to rebound; Sun Pharma, HDFC lead

It was yet another volatile session on Dalal Street on Thursday. The market advanced in last hour of trade with the equity benchmarks closing with marginal gains (ahead of long weekend). Defensives like healthcare, FMCG and index heavyweights HDFC twins led the major support whereas technology, metals, telecom and capital goods saw profit booking.

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Business News

Easing in LTV norms positive for low cost housing: CREDAI

Easing in LTV norms positive for low cost housing: CREDAI The RBI has relaxed the loan to value or LTV norms for houses under Rs 10 lakh. Banks will be allowed to add stamp duty, registration and other documentation charges to the cost of the house while calculating the loan to value ratio. Earlier banks were advised not to include these charges in the cost of the property.

Economy News

Budget cleared doubt on fiscal consolidation roadmap: Sinha

Jayant Sinha As far as the domestic data is concerned, the big event has been obviously the Budget and really clarification on what the fiscal consolidation roadmap is and we had obviously said 4.1 percent, 3.6 percent and then 3 percent

IBN Reports

GST will transform India's fiscal architecture: Jayant Sinha

"In some ways it is as revolutionary and as profound as what happened in 1991 because it is changing fundamentally the manner in which the Indian government functions," Sinha said.

Market Reports

Defensives drive Sensex to rebound; Sun Pharma, HDFC lead

Defensives drive Sensex to rebound; Sun Pharma, HDFC lead It was yet another volatile session on Dalal Street on Thursday. The market advanced in last hour of trade with the equity benchmarks closing with marginal gains (ahead of long weekend). Defensives like healthcare, FMCG and index heavyweights HDFC twins led the major support whereas technology, metals, telecom and capital goods saw profit booking.

Buzzing Stocks

SPARC shares touch upper circuit; m-cap up by Rs 1000cr

SPARC shares touch upper circuit; m-cap up by Rs 1000cr In two trading sessions, the company has now jumped 15 percent. Shares of the company on Thursday surged ten percent to touch its 52-week high and upper circuit level of Rs 473.55.

Market Edge

Weekly wrap: Indices rise slightly, but shares look overbought for now

Weekly wrap: Indices rise slightly, but shares look overbought for now Equity benchmarks crawled higher during the week as investors reacted positively to the Budget. The out of turn repo rate cut (of 25 basis points) by the RBI on Wednesday lifted Sensex and Nifty to record highs, but profit taking pared gains.

Market Outlook

Market choppy, stay away: Sukhani

Sudarshan Sukhani Technical analyst, Sudarshan Sukhani of s2analytics.com spoke with Latha Venkatesh and Sonia Shenoy of CNBC-TV18. He shared his reading and outlook on the market and also gave recommendations on various stocks.

Technicals

Euro gains on ECB; stocks up with economic data

The euro rose on Monday on expectations of higher eurozone interest rates while world stocks eked out gains as concerns about Middle East and Japan cast a cloud despite positive economic data.
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Politics

The BKU farmers led by Haryana unit president Gurnam Singh, courted arrest at Pipli town.
A day after he was removed from the Political Affairs Committee of the Aam Aadmi Party (AAP), party leader Yogendra Yadav spoke out about the party leadership. In an exclusive interview to CNN-IBN, Yadav said, "Since February 2014, we have said in the National Executives meetings that PAC should be reconstituted."
Reacting on the government move on the controversial BBC documentary on Delhi gangrape - India's daughter', Union Minister Ravi Shankar Prasad said, "The government headed by Narendra Modi fully respects the freedom of press and the freedom of articulation of views."
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India

The BKU farmers led by Haryana unit president Gurnam Singh, courted arrest at Pipli town.
The Indian expatriate was arrested last month by the police at the airport. He admitted that the Facebook page was his, but said that he had seen a link to the picture on another account and that he had to click "Like" to enable him to see it.
The scope of the Memorandum of Agreement (MOA) also includes providing Intellectual Property Rights (IPR) services to CCRAS in India and abroad
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Tech

The auction will continue on Friday, despite it being a holiday on account of Holi festival.
The partnership comes as US and other Western tech firms' scramble to burnish their bona fides with China, which has become increasingly wary of foreign technology.
The second-gen Moto E runs on the latest Android 5.0 Lollipop software, features a 4.5-inch display and a 2390mAh battery.
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