DSIJ Mindshare

The outlook for the day is a gap-up start as cues from the across the global are encouraging. However, a very important dilemma in the minds of the the investors would be whether ‘to board a running train or alight from it'. For the current momentum to sustain, a close above 11,260 level is crucial for the Nifty. At the time of writing, the SGX Nifty indicates that Nifty may open with a gain of about half a per cent at 11,264.

The stocks that are likely to witness significant movement on the bourses on March 12 are, Laurus Labs, NBCC, CES, Sundaram Clayton and Symphony

Stocks of Orient Cement, Infibeam Avenue and Jubilant were up more than 10 per cent on Monday and ranked among the top gainer on BSE exchange. These stocks enjoyed the northwards movement of benchmark indices which were up more than a per cent through the trading sessions.

Jet Airways, which is presently going through turbulent times due to heavy debt and cash crunch, has received temporary breather as it has secured loan worth Rs 2050 crore from the government-owned Punjab National bank in foreign currency term loans (Rs 1100 crore) and a non-fund based credit facility (Rs 950 crore).

Capacit'e Infraprojects informed the bourses that it has received an order from Municipal Corporation of Greater Mumbai to redevelop Harilal Bhagwati Municipal General Hospital at Borivali. The said order amounts to Rs. 486.81 crore. Capacite’s order book (excluding MHADA) as on December 31, 2018, stood at Rs. 7,519 crore.