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Market Live: Sensex dips 100 pts, Nifty holds 11,000; Tata Motors, Wipro drag Newsखबर. Dated: 3/8/2019 1:47:32 PM | No. of Hits 146



Equity benchmarks remained under pressure for second consecutive session with the Sensex falling 102.37 points to 36,623.05, dragged by IT, metals and private banks stocks.

The Nifty50 was down 39.30 points at 11,018.90. About four shares declined for every three shares rising on the BSE.

Mar 08, 01:31 PM (IST)

Women of all ages can achieve financial freedom by learning technical analysis
Women of all ages can achieve financial freedom by learning technical analysis

Meghana V Malkan The word freedom means the power to act, speak or think as one wants. When put into the financial context, this translates into the ability to live one's desired lifestyle with enough passive income to support it.
Mar 08, 01:13 PM (IST)

February MF Data:

Equity inflows (including ELSS) fell 16.8 percent to Rs 5,122 crore in February 2019 against Rs 6,158 crore reported in previous month.

ELSS flow into equity (without arbitrage) declined 5.6 percent to Rs 1,174 crore MoM, but Exchange Traded Fund flows increased sharply to Rs 5,234 crore in month gone by, against Rs 721 crore in January 2019.

Balanced funds outflow stood at Rs 1,077 crore during the month against outflow of Rs 952 crore in previous month, and arbitrage fund outflow was at Rs 482 crore against outflow of Rs 1,076 crore MoM.

Total asset under management at the end of February 2019 was at Rs 23.2 lakh crore, down marginally compared to Rs 23.4 lakh crore in January.

Mar 08, 01:10 PM (IST)

Just In

Jubilant Lifesciences said the US Food and Drug Administration issued a warning letter for the Roorkee facility.

The USFDA may withhold approval of any new applications or supplements till the company addresses all issues raised by the agency, it added.

However, the company believes that the existing manufacturing and sale of products from this facility will not be impacted. US revenues from the facility is about 4 percent of the total revenues of the company.

Just In Jubilant Lifesciences said the US Food and Drug Administration issued a warning letter for the Roorkee facility. The USFDA may withhold approval of any new applications or supplements till the company addresses all issues raised by the agency, it added. However, the company believes that the existing manufacturing and sale of products from this facility will not be impacted. US revenues from the facility is about 4 percent of the total revenues of the company.
Mar 08, 01:06 PM (IST)

Ipca Labs Gains 3%

Ipca Labs gained 3 percent after Elara Capital reiterated its buy call and raised price target to Rs 1,040 from Rs 975 earlier.

The brokerage raised its EPS estimates by 4 percent in FY20 and by 6 percent in FY21. "At the CMP, the stock is trading at attractive valuations of 9.4x FY21E EV/EBITDA and 15x FY21E P/E."

"Resumption of broad-based revenue growth except the US after flat FY14-18 (versus 13 percent over FY18-21E) should result in higher operating leverage. Further, strong API capabilities and diversified model are advantages under the current environment," it reasoned.

Delay in FDA resolution is a key risk, it said.

Mar 08, 12:53 PM (IST)

Mar 08, 12:43 PM (IST)

Lumax Industries - A bet on increasing LED adoption in automobile segments
Lumax Industries - A bet on increasing LED adoption in automobile segments

Highlights: - Increasing LED adoption is the game changer for Lumax - LEDs have higher value and margin - Lumax's lean balance sheet and strong return ratios a big positive - Stock trades at reasonable valuation -------------------------------------------------- Lumax Industries, an end-to-end lighting solution provider across automobile segments, presents a good buying opportunity for investors.
Mar 08, 12:34 PM (IST)

Buzzing: Lakshmi Vilas Bank shares plunged 7 percent after its qualified institutional placement (QIP) issue opened for subscription on March 7.

The QIP is a part of the lender's plan of raising about Rs 2,000 crore through various modes, primarily through a preferential allotment of shares and QIPs.

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