Daily Market Commentary - March 9, 2021 - Bonanza Portfolio
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Mr Vishal Wagh, Research Head
On Tuesday Indian equity benchmarks made a gap-up opening despite mixed global cues. Markets are trading firm in early deals with notable gains on the back of buying in Basic Materials, Consumer Durables and Bankex. In the afternoon session, Indian equity benchmarks trim some of their initial gains, but managed to keep their head above neutral line. Both Sensex and Nifty are trading around 50,976 and 15,084 levels.
Asian equity benchmarks are trading mixed on Tuesday, with the lackluster cues from Wall Street overnight amid concerns that new covid- relief would heighten inflation while soaring bond yields could hurt high-growth companies reliant on easy borrowing.
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Share Market Highlights: Sensex ends 35 pts higher, Nifty below 15k; L&T, ONGC, HCL Tech, NTPC top gainers
Stock Market Updates Today: Larsen & Toubro, ONGC, HCL Technologies, NTPC and Axis Bank were among top gainers, while Bajaj Finance, IndusInd Bank, UltraTech Cement and HDFC were among top losers
BusinessToday.In | March 8, 2021 | Updated 17:34 IST
Share Market News: Larsen & Toubro, ONGC, HCL Technologies, NTPC and Axis Bank were top gainers
Indian benchmark indices ended marginally higher on Monday, paring most of early gains, weighed down by losses in realty and FMCG space, weak Asian markets, falling US futures and rising oil prices. The BSE Sensex ended 35.75 points or 0.07 per cent higher at 50,441.07 and the NSE Nifty closed at 14,956.2, up by 18.1 points or by 0.12 per cent. Outperforming the benchmark indices, the broader market settled with decent gains. The BSE MIDCAP closed 0.36 per cent higher, while the BSE SMLCAP up by 0.66 per cent. The Market breadt
Updated Mar 04, 2021 | 18:11 IST | Alexander Mathew
India s largest mortgage NBFC has cut its benchmark lending rate, intensifying the battle for the largest slice of the country s home loan market. Representational Image | Photo Credit: IANS
Key Highlights
SBI, Kotak Mahindra Bank had earlier slashed home loan interest rates, triggering a rate war
It s a good time to be a home buyer in India. With interest rates on home loans at an all-time low, lenders seem to be heading into a rate battle to capitalise on the sudden reemergence of interest in housing.
The housing market in most of India s top cities had been sluggish over the past five years, with inventories piling up. But now, with the lockdown to curb the pandemic having forced several households to consider moving to bigger homes, and with banks vying for new business, anecdotal evidence points to a resurgence in demand.
HDFC ERGO
HDFC ERGO launches Business Kisht Suraksha to protect MFIs and financial institutions against calamities and natural disasters ANI | Updated: Mar 04, 2021 14:13 IST
Mumbai (Maharashtra) [India], March 4 (ANI/NewsVoir): HDFC ERGO General Insurance, India s leading non-life insurance company in the private sector, announced the launch of Business Kisht Suraksha, a unique cover aimed at protecting the balance sheet of MFIs, financial institutions and banks in the event of a catastrophe or natural disaster.
With growing concerns of climate change and its effect on the environment, Business Kisht Suraksha aims to limit the impacts on the balance sheet of financial institutions, due to non-payment of EMIs by borrowers, resulting out of listed calamities such as floods, earthquakes, cyclones, etc.