Markets Live: Sensex, Nifty At Day’s High; Nifty Bank Up 550 Points
A chart of the S&P 500 Index, on the floor of the New York Stock Exchange. (Photographer: Daniel Acker/Bloomberg)

Markets Live: Sensex, Nifty At Day’s High; Nifty Bank Up 550 Points

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Current Market Update

GST Collections In February At Record High

  • GST revenues for February, collected in March, stood at Rs 1.24 lakh crore
  • GST collection stayed above the Rs 1 lakh crore level for sixth straight month
  • Finance ministry says the GST collection is clear indication of rapid economic recovery post pandemic
  • The GST revenue for January was at Rs 1.13 lakh crore

Coal India Provides Updates For March

  • Offtake up 11.9% at 59.7 MT Vs 53.4 MT during the same period last year
  • Offtake for FY21 down 1.3% at 573.8 MT Vs 581.4 MT
  • Production down 3.8% to 81.2 MT Vs 84.4 MT
  • Production for FY21 down 1% at 596.2 MT Vs 602.1 MT

Benchmark Indices Set To End The Week With Gains

  • Nifty up 0.8% at 14,809
  • Sensex up 0.6% at 49,829
  • Nifty Bank up 0.6% at 33,499
  • Nifty Midcap index up 1%
  • Nifty Smallcap index up 1.6%
  • India Volatility Index down 2.4% to 20.2
  • Nifty Metal index remains the top sectoral gainer; up 4%
  • PSU Bank index up 1.5% while Auto index gains 1.2%
  • Nifty Media and Nifty Pharma indices up 1% each
  • JSW Steel remains the top Nifty gainer; up 6.7%
  • 42 out of the 50 index constituents advance
  • HDFC Bank is the top Nifty laggard; down 0.8%
  • 1,548 stocks on the NSE trade with gains while 343 decline

Dish TV Gets In-Principle Nod From I&B Ministry

  • Gets in-principle approval from Ministry of Information & Broadcasting for grant of provisional license to provide D2H broadcasting service in India from April 1, 2021
  • Company will enter into an agreement with the I&B Ministry and provide bank guarantees in terms of the DTH guidelines.
  • Approval is valid for a period of 20 years upon completion of required formalities.
  • Shares gained as much as 18% to Rs 10.9 post the announcement.

Mishra Dhatu Nigam (MIDHANI) Reports FY21 Sales

  • FY21 overall sales at Rs 810 crore which is the highest ever Vs Rs 712.88 crore in FY20
  • Highest ever exports of Rs 19.5 crore as compared to Rs 10.4 crore in FY20
  • Managed to mitigate impact of Covid-19 due to better planning and execution
  • Figures are provisional and unaudited.
  • Shares gained as much as 5.6% to Rs 186.75