MARKETS LIVE: Nifty nears 10500 mark; Infosys dips 4%; March WPI at 2.7%

Markets, Stocks, BSE, NSEBorrowing plan: States edge out corporates from bond market   Rising state government borrowing has depressed sentiment in the market with investors staying away from investing in central government securities for fear of rising valuation-linked losses.   The supply of state paper, considered high-quality because of government backing, is raising yields across bonds. It has pushed up sovereign bond yields and, as a result, threatens corporate bond yields. Incessant supply means the private sector is elbowed out from the market by states. At a time when banks are not lending freely to companies, such crowding out does not augur well for them. READ MORE Coinsecure’s search for stolen bitcoins begins, writes to 42 exchanges   Delhi-based cryptocurrency exchange Coinsecure’s search for stolen bitcoins has begun. The firm has written to 42 global exchanges and roped in US-based blockchain investigative firm Chainalysis to track the movement.   Last week, Coinsecure reported to the police 438 bitcoins worth Rs 190 million were siphoned off to an unknown address on the internet, blaming one of its top executives for the heist. READ MORE This stock rallied over 40% in two days after tepid market debut   Shares state-owned Mishra Dhatu Nigam (Midhani) rallied more than 40% in past two trading sessions on back of heavy volumes.   The trading volumes on the counter jumped nearly three-fold with a combined 11.69 million equity shares representing 6% of total equity have changed hands on the NSE and BSE so far, the exchanges data shows. READ MORE Top BSE500 losers COMPANY PRICE() CHG() CHG(%) UCO BANK 20.55 -1.80 -8.05 VAKRANGEE 126.00 -6.60 -4.98 JBF INDS. 106.15 -5.55 -4.97 TATA MOTORS-DVR 193.00 -9.80 -4.83 TATA MOTORS 339.50 -17.15 -4.81 Tata Motors falls for second straight session; stock down 4%   Tata Motors dipped 4% to Rs 341 on Monday, extending Friday’s 0.4% decline on the BSE. Tata Motors was the largest loser among the S&P BSE Sensex and Nifty 50 index. The benchmark indices were down less than 1% at 34,111 and 10,465, respectively.   According to PTI report, Tata Motors- owned Jaguar Land Rover (JLR) is planning to cut jobs as it scales back production at some of its UK sites amid what it termed as “headwinds” impacting the automotive industry. READ MORE SBI MF re-classifies, categorise schemes; gives exit option to unit holders   SBI Asset Management Company has re-classified and categorised its several schemes, a move that will reduce clutter and make it simple to compare performance of various other mutual fund schemes.   Besides, the fund house has given the exit option to existing investors.   The move is part of the fund house effort to comply with markets regulator Sebi’s directive. READ MORE
Source: Business Standard