Sensex gains 193 pts, ends above 53,000; Nifty at 15,880; Tata Steel up 5%

Realty and metal indices rose 2 per cent each while auto index ended in the red

3:51 PM

Broader market :: BSE MidCap index outperforms, ends 0.58% up

3:48 PM

Sectoral trends on the NSE

3:46 PM

Sensex Heatmap at Close

Top gainers: Tata Steel, Bajaj Finserv, IndusInd Bank

Top losers: Titan Co, Maruti Suzuki, Reliance Ind

3:36 PM

CLOSING BELL :: Indices log new closing peaks

The S&P BSE Sensex index jumped 193.5 points, or 0.37 per cent, to end the volatile session at a new closing peak of 53,055 levels while the NSE's Nifty50 shut shop at 15,880, up 61 points or 0.39 per cent.

3:20 PM

Steel stocks in focus; SAIL, Tata Steel, JSL gain up to 5%

JSW Steel, Jindal Steel and Power (JSPL), Tata Steel Long Products, Tata Steel BSL and Jindal Stainless (Hisar) were up in the range of 2 per cent to 4 per cent. At 03:00 pm, the S&P BSE Metal index, the top gainer among sectoral indices, was up 2 per cent as compared to a 0.23 per cent rise in the S&P BSE Sensex. READ MORE

3:07 PM

Natco Pharma slips 6% as Delhi HC allows injunction application by FMC Corp

Shares of Natco Pharma slipped 6 per cent to Rs 1,092.35 on the BSE in intra-day trade on Wednesday after the Delhi High Court allowed the application by FMC Corporation on Chlorantraniliprole (CTPR). The generic drug maker was engaged in a legal battle with California-based agriculture sciences company FMC over the use of an insecticide CTPR that is used in several crops. READ MORE

2:58 PM

IPO Update :: Clean Science & Technology IPO fully subscribed on Day 1

2:49 PM

Overdue loans could spike fresh slippages in H1 of FY22, says Icra

The high level of overdues in loan books could spike fresh non-performing assets (NPAs) in the first half of the current fiscal ending September 2021 (H1FY22) amid the surge in Covid cases and its economic impact. However, restructuring and enhanced funding of Rs 1.5 trillion under government guaranteed credit scheme could provide some relief for lenders, according to rating agency Icra. READ MORE

2:41 PM

WATCH :: Here's what Q1FY22 earnings might look like for India Inc

2:34 PM

TCS Q1 preview: Analysts see up to 36% YoY PAT rise; operating margin eyed

Information technology (IT) services major Tata Consultancy Services (TCS) will kick-off the June quarter earnings season (Q1FY22) on Thursday when it will post its quarterly numbers.

 

India's second-most valuable company, in terms of market capitalisation, is expected to post a stellar show in the first quarter of the financial year 2021-22 (Q1FY22), with profit after tax (PAT) expected to rise between 30-36 per cent and revenue 19-20 per cent, on a yearly basis, analysts said, and expect a low base of last year, strong seasonality, digital traction and ramp-up of deals to drive TCS' Q1 performance. READ MORE

2:20 PM

IPO Update: GR Infraprojects IPO sails through on Day 1

2:06 PM

Q1 business update :: Ujjivan Small Finance Bank

1:55 PM

Goldiam International soars 12%, hits new high on buyback plan

Shares of Goldiam International (Goldiam) hit a new high of Rs 564.25, soaring 12 per cent on the BSE in the intra-day trade on Wednesday, after the company said its board will meet on July 21, 2021 to consider share buyback proposal. The stock surpassed its previous high of Rs 534 touched on July 6, 2021. "A meeting of the board of directors of the company will be held on Wednesday, July 21, 2021, to inter alia, consider a proposal for buyback of equity shares of the company," Goldiam share in an exchange filing. READ MORE

1:47 PM

Tata Motors: Analysts see up to 66% upside despite chip supply constraints

Brushing aside concerns around deepening of semiconductor shortage, analysts tracking Tata Motors see up to 66.5 per cent upside in the stock as they opine the concerns are “misplaced” and are only “near-term headwinds”. Investors dumped shares of Tata Motors on Tuesday after the company’s UK subsidiary Jaguar Land Rover (JLR) warned of lower earnings on the back of semiconductor shortage in the September quarter of the current financial year. READ MORE

1:39 PM

Fresh tussle between RBI, bond market expected ahead of 10-yr paper launch

The tug of war over bond yields that started after the Union Budget, which announced Rs 12.05 trillion government borrowing plan, finally came to an end with the announcement of the bond buying programme, or the government securities acquisition programme (G-SAP) in April as yields of the 10-year benchmark went down below the psychological 6 per cent mark. READ MORE