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Indices trade almost flat; breadth remains strong


The benchmark indices were trading near the flat line in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, fell 29.89 points or 0.06% at 49,716.32. The Nifty 50 index slipped 5.30 points or 0.04% at 14,868.50.
Reliance Industries (down 0.91%), ICICI Bank (down 1.14%) and Bajaj Finance (down 2.37%) were major drags.
In the broader market, the S&P BSE Mid-Cap index rose 0.26%. The S&P BSE Small-Cap index added 0.86%.
Buyers overpowered the sellers. On the BSE, 1,704 shares rose and 1,102 shares fell. A total of 155 shares were unchanged.
COVID-19 Update:
Total COVID-19 confirmed cases worldwide stood at 13,39,71,287 with 29,02,493 deaths. India reported 9,79,608 active cases of COVID-19 infection and 1,67,642 deaths while 1,19,13,292 patients have been discharged, according to the data from the Ministry of Health and Family Welfare, Government of India. ....

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Shankar Sharma trims stake in A2Z Infra


As of 31 December 2021, Shankar Sharma held 4.08% stake in A2Z Infra Engineering.
Shares of A2Z Infra Engineering jumped 5.87% to Rs 4.33 on BSE. The scrip has rallied 16.39% for three consecutive days from its recent closing low of Rs 3.72 hit on Tuesday, 6 April 2021.
On a consolidated basis, A2Z Infra Engineering reported a net loss of Rs 14.85 crore in Q3 December 2020 as compared to a net loss of Rs 14.16 crore in Q3 December 2019. Net sales declined 41.8% to Rs 83.40 crore in Q3 FY21 over Q3 FY20.
A2Z Infra Engineering provides integrated design, testing, installation, construction and commissioning services on a turn-key basis to its clients. ....

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Sensex, Nifty regain positive zone amid initial volatility


Key benchmark indices regained positive zone soon after opening lower amid initial volatility. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 82.19 points or 0.16% at 50,446.15. The Nifty 50 index was up 8.75 points or 0.06% at 14,919.20.
The S&P BSE Mid-Cap index was up 0.25%. The S&P BSE Small-Cap index was up 0.49%.
The market breadth, indicating the overall health of the market, is positive. On the BSE, 1126 shares rose and 721 shares fell. A total of 67 shares were unchanged.
Stocks in news:
State Bank of India (SBI) rose 0.3% The Reserve Bank of India (RBl) has, vide its letter dated 16th March,2021, imposed a monetary penalty of Rs 2 crore on the bank for contravention of provisions of Section 10 (1 ) (b) (ii) of the Banking Regulation Act, 1949 and specific directions of RBI issued to the bank on payment of remuneration to employees in the form of commission. This penalty has been imposed in exercise of powers vested in RBI under the provisio ....

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SBI, SBI Cards, BPCL, Vedanta in spotlight


State Bank of India (SBI) said that the Reserve Bank of India (RBl) has, vide its letter dated 16th March,2021, imposed a monetary penalty of Rs 2 crore on the bank for contravention of provisions of Section 10 (1 ) (b) (ii) of the Banking Regulation Act, 1949 and specific directions of RBI issued to the bank on payment of remuneration to employees in the form of commission. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 51 (1 ) of the Act.
Private equity firm Carlyle has reportedly launched a block deal to sell around 4% stake in the SBI Cards & Payment Services and raise around $513 million. The offer price range is Rs 981.80 per share to Rs 1,022.10 per share. ....

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