Bulls ride on IT, metal stocks to drive Sensex 1,128 pts higher at 50,136

The Sensex index settled above the 50,000-mark for the first time since March 23

1:01 PM

MARKET UPDATE:: HDFC twins, Infosys, and RIL among top contributors to Sensex's gain today

12:50 PM

Corporate Action :: IRCON to consider issuance of bonus shares on April 5

>> IRCON International has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/04/2021 to consider and approve the proposal for issuance of Bonus Shares.

12:45 PM

GIC Housing Finance raises Rs 195 crore via non-convertible debentures

GIC Housing Finance on Tuesday said it has raised Rs 195 crore through issuance of non-convertible debentures (NCDs) to Aditya Birla Sun Life Mutual Fund on private placement basis. "...Pursuant to the authority accorded by our board... 1,950 numbers of NCDs, having a face value of Rs 10,00,000 each at par for an aggregate amount of Rs 195 crore, issued on private placement basis," GIC Housing Finance said in a regulatory filing. READ MORE

12:35 PM

Q&A | 'Markets are pricing in quite a strong earnings revival'

Prima facie, the March quarter earnings will obviously look good on a year-on-year (YoY) basis, owing to the weak base. On an absolute basis as well, we believe we could have yet another strong earnings season. The nominal growth rates will start looking better, as we have seen price hikes across sectors/products. So, while there could be overall moderation in margins because of rising input costs due to surge in commodity prices, the bottom line will be aided by better revenue growth. READ FULL INTERVIEW HERE

12:23 PM

Spurt in volume, price hike to cushion cement firms against rising costs

A rise in volume accompanied by a moderate hike in cement prices is likely to outweigh the impact of rising input costs for most cement firms in the March 2020 quarter, believe analysts, who expect the sector to post decent growth in Q4-FY21 and carry this optimism into fiscal 2021-22 (FY22) as well. READ MORE

12:12 PM

Vedanta, Tata Steel: Steel stocks are showing strong upside. Stay invested

The Nifty Metal index was outperforming at the bourses on Tuesday with steel stocks firing from all cylinders. At 11:20 am, the index was ruling over 3 per cent higher at 3,977 levels, as against a 1.8 per cent rise in the benchmark Nifty50 index. Among individual stocks, MOIL, SAIL, JSW Steel, Tata Steel, Jindal Steel, and NMDC surged in the range of 4 per cent to 9 per cent on the National Stock Exchange (NSE). READ MORE

11:55 AM

These stocks defy market mood, slip up to 6%

11:43 AM

Stocks that hit 52-week high on BSE today

Company	PRICE(rs)	52 WK HIGH	CHG(%)
3M India	29433.05	29975.00	2.14
Adani Transmissi	900.60	924.40	3.64
Dr Lal Pathlabs	2635.95	2683.90	2.48
EClerx Services	1078.35	1091.00	4.92
Godrej Industrie	544.15	549.25	2.46

11:34 AM

Businessman to photographer: Cryptocurrency investors ready for govt bill

A government bill on cryptocurrencies is causing jitters, but several investors in India are confident of the digital tokens' potential. People still have not sold off their holdings, reckoning the bill will give them time to sell off their holdings in a manner that does not affect the market. READ MORE

11:26 AM

Compulsory delistings outnumber voluntary ones by 50% so far this year

More companies are being forced to delist their shares from the stock exchanges than the ones that are leaving voluntarily. There have been six such compulsory delisting of shares so far in 2021, compared to four voluntary delistings, shows data from the National Stock Exchange. Compulsory delistings are when a company is penalised for not meeting the requirements of the listing agreement. READ MORE

11:15 AM

Bucking the trend :: Realty stocks trade under pressure

11:05 AM

Titan Co hits over 6-week high on improved outlook; stock nears record high

Shares of Titan Company hit an over six-week high of Rs 1,562, up 4 per cent on the BSE, in the intra-day trade on Tuesday on expectation of a healthy revenue growth on the back of continued expansion in store network as well as opportunities presented by large share of unorganized sector in the industry. The stock was trading at its highest level since February 11, 2021 and is 4 per cent away from its record high level of Rs 1,621, touched on January 6 this year. READ MORE

10:56 AM

Q&A | 'Financial markets are not fully factoring in the risk of renewed lockdown'

I don’t think financial markets are fully factoring in the risk of renewed lockdowns across the globe in case of mutant strains or the vaccines proving less effective under any risk scenario. READ FULL INTERVIEW HERE

(From L to R) Jan Lambregts, Wouter Van Eijkelenburg, Ryan Fitzmaurice

10:56 AM

HDFC duo, Infy among top Sensex contributors

10:52 AM

MARKET UPDATE:: Sensex extends gain