MARKET COMMENT: Jayant Manglik, President, Religare Broking We remain cautious on markets in the near term. Volatility is likely to remain high due to weak global sentiments, continued selling pressure from FIIs, rising bond yields in US and continued underperformance from PSU banks. Domestic macro data like IIP, WPI & CPI inflation, which are scheduled next week, will be closely tracked by the market participants. Traders should avoid taking overleveraged position due to extreme volatility Volume Toppers in BSE 500 index COMPANY NAME LATEST HIGH LOW CHG () CHG(%) VALUE ( CR) VOLUME JP ASSOCIATES 14.40 15.20 14.35 -0.40 -2.70 2.09 1424526 REL. COMM. 25.15 26.35 25.10 -0.05 -0.20 3.42 1331720 SUZLON ENERGY 11.14 11.62 11.11 -0.31 -2.71 1.35 1181032 IDBI BANK 79.55 82.55 79.45 0.30 0.38 8.25 1015141 UNITECH 6.66 6.84 6.66 0.20 3.10 0.60 887014 NEWS IMPACT: Telecom stocks gain: Relief for telecom sector! Govt okays measures to facilitate investments The government on Wednesday cleared a relief package for the debt-ridden telecom sector, giving more time to operators to pay for the spectrum bought in auctions. It has also relaxed the spectrum holding limit for the telecom operators, according to an official spokesperson. The package was cleared by the Cabinet based on the recommendations of the Inter Ministerial Group (IMG) on the telecom sector. READ MORE COMPANY LATEST PREV CLOSE GAIN() GAIN(%) VOLUME TEJAS NETWORKS 318.00 309.80 8.20 2.65 606 IDEA CELLULAR 81.25 79.60 1.65 2.07 254998 REL. COMM. 25.65 25.20 0.45 1.79 793633 BHARTI AIRTEL 410.40 403.40 7.00 1.74 40363 TATA COMM 615.20 612.85 2.35 0.38 1026   Stocks in News Telecom companies: Cabinet approves restructuring of deferred payment liabilities of telecom operators and raises spectrum limits. Bharti Airtel to consider raising funds via local, foreign bonds. Cadila Health partners with Medicure to launch New Drug Application product, Zypitamag in U.S. Canara Bank hikes marginal cost loan rates by 10-15 basis points. Bharat Dynamics to raise around Rs 960 crore from IPO. Issue open from 13-15 March. Hero MotoCorp launches new Super Splendor at Rs 57,190 (ex-showroom, Delhi). Indigo, Jet, SpiceJet: CCI imposes penalties collectively worth Rs 55 crore on Jet Airways, IndiGo and SpiceJet for concerted action in fixing fuel surcharge on cargo transport. HDFC to sell 5.1 percent stake in Computer Age Management Services Pvt. Ltd.. 3i infotech allots 21.05 lakh preferential shares to Bank of Baroda under DRS package. Tata Steel says it is the highest bidder to acquire Bhushan Steel. 63 Moons Technologies says Mauritius regulator terminated exchange license. Strides Shasun to launch Ranitidine 75mg (OTC) tablets in U.S. Reliance Infra seeks shareholder nod for raising up to Rs 2,000 crore via QIP. Torrent Power to commission 124.40 MW project for Maharashtra Electricity Distribution Company. Gayatri Projects QIP opens today at a floor price of Rs 211.65 per share. United Breweries: Heineken looks to buy ED seized Mallya shares in United Breweries to up stake to 58.2 percent from 44 percent now. Nitco board approved to issue Non convertible preference share and debentures. Issued equity to JMFARC. MRSS board meeting on March 16, 2018 to consider migration from BSE SME to BSE main board. Alembic board meeting to consider buyback of shares to be held on March 12, 2018. L&T Finance - Issue of QIP for Rs 1000cr. Issuance of shares to promoter entity amounting to Rs. 2000cr. Reliance Communications - NCLT stays Reliance Infratel Asset sale as minority shareholder argues that their consent was not taken for asset sale. Adani Group plans industrial park near Dharma port with an investment of Rs 1,088 cr. (Source: Nirmal Bang) Sectoral Trend Sensex Heatmap