Yield on the 10-year benchmark government paper yield slid to its lowest level in nine months, bringing down cost of borrowing across the economy, as a fall in US bond yields and a favourable view on domestic demand-supply dynamics for bonds spurred appetite for sovereign debt.The 10-year benchmark bond yield closed at 7.01%, its lowest level since June 14, 2023, Bloomberg data showed.

Popular Vehicles and Services shares are unlikely to see any listing premium on March 19, given the muted IPO subscription numbers and the subdued market conditions, experts said. Its initial public offering has managed to get fully subscribed as investors bought only 1.23 times the IPO size during March 12-14. Qualified institutional buyers picked 1.97 times the reserved portion.

Indian IT sector's revenue growth is expected to come at a tepid 3-5% in FY25, and the sector's hiring will "remain muted" in the near-term, Icra Ratings said. However, the companies' profitability is expected to be resilient amid concerns on topline growth, it said, adding the operating profit margins for the $250 billion Indian IT sector will come at a healthy 21-22% in FY25.

The US Federal Reserve, Bank of England and the Bank of Japan (BoJ) are all slated to announce their monetary policy decisions this week. However, while expectations of the current rates being maintained by the US Fed and the Bank of England have been priced in, all eyes are on the Japanese central bank.

Nifty on Monday ended 32 points higher to form a small positive candle on the daily chart with minor upper and lower shadow. During the day, the index managed to hold on to the support zone of 21,900 – 21,850 where support parameters in the form of the 40-day average and the previous swing low were placed. The short-term trend of Nifty remains positive with range-bound action.

💰Shrenik Limited experienced a substantial surge in its stock price, zooming and getting locked at a 10% upper circuit, indicating a strong breakout. 💰Steel Exchange India Limited underwent a substantial surge zooming by 10% indicating a strong breakout. 💰Burnpur Cement Limited experienced a notable increase in buying interest as the scrip zoomed and hit a 5% upper circuit

New Delhi: On the night of 2 October 1980, in a makeshift boxing ring set up in the parking lot of the glitzy Caesars Palace hotel in Las Vegas, Muhammad Ali walked out to rapturous applause. Ali, arguably the greatest heavyweight boxer of all time, had come out of his short-lived retirement to fight Larry Holmes, his one-time sparring partner.

Ruchit Jain recommends two stocks- 📌Tata Steel: Positional traders can look to buy the stock in the range of ₹147–142 for potential targets of ₹156 and ₹164. The stop loss on long positions should be placed below ₹138. 📌Pidilite Industries: Traders can look to buy the stock around ₹2,920 and add on dips towards ₹2,850. The potential targets for the stock are seen around ₹3,020 and ₹3,150.

J. Kumar Infraprojects has secured a major contract worth Rs. 334.25 crore from NBCC (India) Limited. This domestic project involves the development of the Hari Nagar Depot for the Delhi Transport Corporation on an EPC basis. As the sole bidder for the project, J. Kumar Infraprojects will be responsible for the entire design, procurement, and construction of the depot located in New Delhi.

A Triumph of Innovation and Endurance Ampere’s latest electric scooter, ‘The Nex Big Thing’, embarked on an epic journey from Kashmir to Kanyakumari (K2K), spanning a distance of over 10,000 kilometres. This monumental feat, achieved by Greaves Electric Mobility Private Limited (GEMPL), showcases the unparalleled determination and resilience of electric mobility.

Nasdaq on Monday said that it resolved the technical issue related to connectivity, nearly two hours after premarket trading continued to suffer at American stock exchange. The company had faced such technical glitch for the second time in months. The New-York based stock exchange didn't give details about the severity of the issue.

MUMBAI: The survey for the Dharavi Redevelopment Project began in Kamla Raman Nagar, Maharashtra, on Monday. SVR Srinivas, CEO of the Dharavi Redevelopment Project, said that the project is a very important one, and today we have begun the survey. "In the survey, we are giving a unique ID number. We are numbering today; after five to six days, another team will come.

Third Wave Coffee, a specialty coffee and food brand that counts Zerodha co-founder Nikhil Kamath among investors, announced that co-founder Sushant Goel will transition from his current role as CEO and become a board member. The former CEO of Kentucky Fried Chicken (KFC) India & Nepal (Devyani International Limited), Rajat Luthra will be the company’s new chief executive effective.

Alterna Aircraft BV Limited, an Ireland-based aircraft lessor on March 18 withdrew its insolvency plea against low-cost airline SpiceJet at the National Company Law Tribunal (NCLT). The lessor plans to fight the same at an appropriate forum. The NCLT thus permitted it to withdraw the plea and gave it the liberty to move the plea at the forum it thinks fit.

Swedish real estate group SBB said on Monday it will again offer to buy back hybrid and senior securities as it seeks to reduce its overall debt level. Loss-making SBB, at the epicentre of a Swedish property crash, late last year spent 403.8 million euros ($440 million) to buy back debt at a small discount to the nominal value.