The stochastic oscillator is in the extreme overbought condition which, along with the formation of an exhaustive pattern, clearly hints that the index may witness some more consolidation before it makes any major headway on the higher side. Stocks in news: Arvind Fashion, KNR Construction, Lupin, Infosys, BLS International Services, Sadbhav Infrastructure Projects and Reliance Industries.

The negative sentiments prevailing across the globe indicate pressure at the opening as global growth concerns came to haunt markets after the European Central Bank (ECB) slashed growth forecast. At the time of writing, SGX Nifty was trading at 11,068, down by 0.18 per cent. For Nifty, the zone of 10,980-11,000 is going to act as a crucial support, while on the upside, only a move above the February 7 high of 11,118 could provide a fresh impetus.

The stocks that are likely to witness significant movement on the bourses on March 8 are NHPC, Jindal Stainless, Tata Coffee, KNR Construction and Infosys.

Following stocks are close to their 52-weeks low as at 4.00 p.m. on March 7, 2019.

The markets on March 7, 2019 opened up. BSE Sensex is closed at 36,725.42, up by 89.32 points and the Nifty is closed at 11,058.20, up by 5.20 points. 

NHPC shares rallied up to 8 per cent as the company received approval for investment in Chenab valley power project from the Cabinet Committee and acquisition of Lanco’s Teesta hydro project.

India’s second largest telecom company, Bharti Airtel Limited reported in an exchange filing that GIC Pte, acting in concert with the Government of Singapore and the monetary authority, will subscribe to shares worth Rs. 5,000 crore in its proposed rights issue.

When it comes to debt funds there are various categories drawn down by SEBI and gilt fund with 10 years constant duration is one such fund. Let’s find out if you should consider investing in them?

Himachal Futuristic Communications (HFCL) informed the bourses on Wednesday that is has secured a purchase order worth Rs. 117 crore from Tata Project for the supply of Optical Fibre Cables (OFC) for creating OFC Network Infrastructure under Bharat Net Phase-II Project in the state of Chhattisgarh.

The construction arm of Larsen & Toubro bagged several distinguished contracts for its Buildings & Factories, Metallurgical & Material Handling and GeoStructure business segments.