Govt plans to explore strategic sale of subsidiaries: Reports

Report stated that the government may go for stake sale in some hotels and non-strategic firms.

The government is planning to explore strategic sale and listing of subsidiaries of firms to unlock value, according to reports.

Report stated that the government may go for stake sale in some hotels and non-strategic firms. 

At present, there are 121 subsidiaries of 169 CPSEs.

Finance minister Arun Jaitely had hinted that the government is going big on strategic sale.

Market near day's high

The market firmed up in mid-noon deals and now trading near the day's high on the back of unabated buying in Pharma shares.

The market firmed up in mid-noon deals and now trading near the day's high on the back of unabated buying in Pharma shares. Select auto and FMCG stocks too are lending strong support to the indices.

The Sensex is now up 122 points at 28,382, and the Nifty has gained 34 points at 8,620.

The CNX Midcap index has advanced 0.3 per cent to 13,200, while the Smallcap index has soared over a per cent to 5,779.

The CNX Pharma index surged nearly 3.5 per cent to 13,585. The FMCG index has rallied nearly 2 per cent to 20,527, and the Auto index has spurted nearly a per cent to 8,787.

The breadth is also fairly positive - out of 1,721 stocks traded on the NSE, 1,026 have advanced and 479 have declined so far.

Sun Pharma remains the major gainer in the Nifty-50 space. The stock has soared 6 per cent to Rs. 1,146.

ONGC, Mahindra & Mahindra and Cipla have rallied over 3 per cent each to Rs. 316, Rs. 1,240 and Rs. 731, respectively.

Cairn India, Tata Motors, ITC, ACC, Kotak Bank, Hindustan Unilever, Idea Cellular, Tech Mahindra and Dr.Reddy's are the other major gainers.

On the other hand, HCL Technologies and Wipro continue to languish at lower levels, with losses of 2.5 per cent each at Rs. 918 and Rs. 618, respectively.

Tata Steel has shed 1.7 per cent at Rs. 318. Reliance and HDFC have declined 1.5 per cent each.

As many as 61 stocks have registered a fresh 52-week high today. Prominent among these are Advanta, Aurobindo Pharma AXISCADES Engineering Technologies, Bharat Forge, Cadila Healthcare, Century Textiles, Chambal Fertilisers, Fortis Healthcare, Gillette India, Gujarat Pipavav Defence, Hester Biosciences, ICRA, Idea Cellular, Indoco Remedies, Lakshmi Vilas Bank, Lupin, NCC, Pfizer, Punjab Chemicals, RPG Life Sciences, SKF India, Timken India, Transformers And Rectifiers (India), WABCO India and Zen Technologies.

On the flip side, 13 stocks fell to a new 52-week low. Genus Paper & Boards, Glodyne Technoserve, Goenka Diamond and Jewels, JCT Electronics, Manaksia Aluminium Company and Raj Oil Mills were some of the notable stocks

Godrej Group plans to sell promoter stake in Geometric: Reports

Report said that Godrej Group holds 38.4% stake in Geometric 

Geometric stock surged 5% at Rs 185 on reports that  Godrej Group is planning to sell Promoter Stake in the company.

The stock has hit a high of Rs 190 and a low of Rs 175.

Total traded quantity on the counter stood at over 3.70 lk shares

Report said that Godrej Group holds 38.4% stake in Geometric

Sensex, Nifty rebounds into positive zone

The Volatility index has soared over 9 per cent. CNX Pharma index continues to shine.

The BSE Sensex so far has touched a high and a low at 28,368 and 28,236, respectively. Now, the BSE index is up 15 points at 28,275.

Similarly, the NSE Nifty has touched a high at 8,619 and a low at 8,576. Currently, the 50-scrip index of the NSE is up mere two points at 8,587.

The Volatility index - India VIX - has jumped 9.1 per cent at 14.9100 owing to the uncertainty factor ahead of tomorrow RBI policy meet.

Sectorwise, the CNX Pharma index is the star performer - up 2.8 per cent, whereas the CNX Metal index is the top loser - down nearly 1 per cent.

Among Nifty-50 shares, Sun Pharma has soared 4.4 per cent at Rs. 1,129 after settling patent litigation in US.

Mahindra & Mahindra has jumped 2.4 per cent at Rs. 1,231. Cipla, ACC and Tata Motors have added over 2 per cent each at Rs. 724, Rs. 1,619 and Rs. 570, respectively.

Tech Mahindra, Dr. Reddy's, Cairn India and Idea Cellular are among the major gainers.

On the other hand, HCL Technologies and HDFC have dropped 2 per cent each at Rs. 922 and Rs. 1,311, respectively.

 Tata Steel and Wipro have slipped over 1.5 per cent each at Rs. 319 and Rs. 624, respectively.

Dilip Shanghvi in talks to acquire 30% stake in ABG Shipyard: Reports

There are reports that Dilip Shanghvi Family & Associates are in talks to buy 30% stake in ABG Shipyard for around Rs 2000 crore 

ABG Shipyard Ltd stock was up 3% at Rs 226.

The stock has hit a high of Rs 232 and a low of Rs 223.

Total traded quantity on the counter stood at over 0.58 lk shares.

There are reports that Dilip Shanghvi Family & Associates are in talks to buy 30% stake in ABG Shipyard for around Rs 2000 crore.

L&T is also in race to acquire a stake in ABG Shipyard, says report.

Flipkart plans to hire Peeyush Ranjan from Google: Reports

Peeyush Ranjan, a senior engineering director at Google, will join Flipkart's commerce division led by Mukesh Bansal in a key role, says report 

Flipkart is planning to hire another top engineer from Google, to tap into Silicon Valley.

Peeyush Ranjan, a senior engineering director at Google, will join Flipkart's commerce division led by Mukesh Bansal in a key role, says report.

The company also hired another Google engineering leader, Punit Soni, to be chief product officer in the same division. 

Sensex, Nifty trade flat ahead of RBI policy

After a strong start this morning, the market is now trading on a subdued note, as the trades are cautious ahead of the RBI Policy 

After a strong start this morning, the market is now trading on a subdued note, as the trades are cautious ahead of the RBI Policy. The policy will be tabled tomorrow at 11 hrs.

The BSE Sensex is now up 24 points at 28,284 and the NSE Nifty is up six points at 8,592.

The BSE benchmark index so far has touched a high and low at 28,367 and 28,235, respectively.

The NSE Nifty has tested a high at 8,619 and a low at 8,575.

The broader market is out-performing the BSE headline index, the Midcap index has gained over 0.5 per cent at 10,822 and the Smallcap index has advanced almost a per cent at 11,256.

Among sectors, the BSE Healthcare index has spurted 2 per cent at 18,052. The Auto index has also added over a per cent at 19,459.

The FMCG, Consumer Durables, Oil & Gas and Realty indices are the other gainers.

On the losing side, the Metal and Bankex indices have declined 0.4 per cent each at 9,502 and 21,281, respectively.

The breadth is extremely positive in morning session - out of 2,059 stocks traded on the BSE so far 1,330 stocks are advancing, while 640 stocks are declining.

Among Healthcare shares - Aurobindo Pharma and Torrent Pharma have soared 3.5 per cent each at Rs. 1,292 and Rs. 1,238, respectively, on the back of positive news flow.

Sun Pharma has surged 3.3 per cent at Rs. 1,113. Cadila Healthcare has jumped 3 per cent at Rs. 1,844.

Glenmark Pharma has spurted almost 3 per cent at Rs. 811. Apollo Hospitals has climbed over 2.5 cent at Rs. 1,422.

Biocon, Dr Reddy's, Piramal Enterprises, Cipla and Wockhardt are the other significant gainers

Choppy start for Sensex, Nifty

Auto, FMCG, Capital Goods, Healthcare, Realty, PSU indices are the gainers, while Power, Teck, IT and Bankex indices are the losers, 

At 9:34 AM, the Sensex was up 14 points to 28,274, and the Nifty was down 3 points to 8,582.

Auto, FMCG, Capital Goods, Healthcare, Realty, PSU indices are the gainers, while Power, Teck, IT and Bankex indices are the losers,

The BSE Mid-cap Index and BSE Small-cap Index was trading flat.

Dr. Reddy’s could be in focus as it is entering into a definitive agreement to acquire a select portfolio of Belgium-based pharmaceutical firm UCB in India for Rs 800 crore. Adlabs Entertainment is expected to make its debut on the stock market today.

India has challenged the allegations of data manipulation levelled by European and French drug regulatory agencies against GVK Biosciences, says a report.

Bosch Ltd is suspending production of various equipment, including diesel products, Saturday at its Bangalore facility in order to minimise operating cost.

Funds flow from foreign institutional investors into Indian markets is expected to remain unaffected even as the Chinese markets have rallied in recent weeks, say experts. In the first three months of 2015, the Shanghai Composite Index has surged 16%, while India's CNX Nifty has given a 3% return

Govt releases over Rs. 37,420 crore to different states

First Installment of Devolution as per 14th Finance Commission

The Government of India has released more than Rs.37,420 crore to all the States for Financial Year 2015-16 as the First Installment of devolution as per the 14th Finance Commission (FFC).

The details of funds allotted to different States are as follows:

S.No.	State	(Rupee in Crore) Total
1	Andhra Pradesh	1616.78
2	Arunachal Pradesh	516.48
3	Assam	1242.76
4	Bihar	3624.37
5	Chhattisgarh	1157.94
6	Goa	141.51
7	Gujarat	1159.56
8	Haryana	406.10
9	Himachal Pradesh	267.38
10	Jammu & Kashmir	577.63
11	Jharkhand	1178.33
12	Karnataka	1770.46
13	Kerala	937.15
14	Madhya Pradesh	2835.75
15	Maharashtra	2075.59
16	Manipur	231.27
17	Meghalaya	240.75
18	Mizoram	172.40
19	Nagaland	186.68
20	Orissa	1743.46
21	Punjab	590.88
22	Rajasthan	2065.79
23	Sikkim	137.46
24	Tamil Nadu	1510.51
25	Telangana	915.85
26	Tripura	240.62
27	Uttar Pradesh	6735.81
28	Uttarakhand	394.68
29	West Bengal	2746.91
	Total	37,420.86

Adlabs Entertainment to make debut on stock market

The issue had opened on March 10 and the issue price for the public issue is Rs 180 per share.

Adlabs Entertainment Ltd, which recently concluded its initial public offer (IPO), will make debut on the stock market. 

Trading Members of the Exchange are hereby informed that effective from April 06, 2015, the equity shares of Adlabs Entertainment Ltd (Scrip Code: 539056) are listed and admitted to dealings on the Exchange in the list of 'B' Group Securities, according to BSE.

The company's IPO was subscribed 1.11 times.

The issue had opened on March 10 and the issue price for the public issue is Rs 180 per share. 

The Equity Shares offered through this Red Herring Prospectus are proposed to be listed on BSE and NSE.

The Global Co-ordinators & Lead Managers (“GCLMs”) to the Issue are Deutsche Equities India Private Limited, Centrum Capital Limited & Kotak Mahindra Capital Company Limited.

Earlier, the company has finalised allocation of 27,22,135 Equity Shares to Anchor Investors Daiwa India Stock Active Mother Fund, HDFC Infrastructure Fund, Axis Mutual Fund, L&T Mutual Fund and IL&FS Trust Co (Forefront Alternative Equity Scheme) at Rs. 221 per Equity Share aggregating to Rs. 60.16 crore