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

10:40 AM

Buy stocks on any decline to make a good return in FY21-22: Ambareesh Baliga

Exactly a year back, when we had just a few hundred cases, we were in midst of a panic – not knowing what the future held in store, we witnessed capitulation with hardly anybody having the courage to buy stocks which were on ‘fire sale’. A year later, in midst of the second wave, Covid-19 numbers continue to soar beyond 60,000 per day, but the same stocks are getting lapped up at multiple times the panic valuation and yet the buyers expect a decent return from current levels. READ MORE

10:29 AM

Nazara Tech makes stellar debut, lists at 81% premium over issue price

Ace investor Rakesh Jhunjhunwala-backed Nazara Technologies made a stellar debut on the bourses on Tuesday as the shares of the firm listed at Rs 1,990, an 81 per cent over its issue price of Rs 1,101 on the National Stock Exchange (NSE). Meanwhile, on the BSE, the stock debuted at Rs 1,979, 79 per cent above its issue price. Post-listing, it moved higher to 2,026.90, up 84 per cent. READ MORE

10:20 AM

BULLS IN CHARGE :: Sensex surges 800 points

10:14 AM

MARKET CHECK :: Nifty reclaims 14,700-mark

10:07 AM

Rupee opening

Rupee opens weaker at 72.85/$ vs Friday's close of 72.51 against the US dollar

10:00 AM

MARKET VIEW | V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Sharp decline in FII selling coupled with large buying by DIIs can support the market and even take it higher. But there are many concerns like  surge in Covid cases, particularly in economically crucial Maharashtra, appreciation in US 10- year bond yield above 1.7% and the dollar index moving up to 92.8 levels. DIIs and retail investors are likely to be buyers in bankng, IT, cement and metal stocks which look attractive at present levels. Year-end considerations also are likely to lead to further DII buying.

9:56 AM

NEW LISTING :: Nazara Tech to list at 79% premium over issue price of Rs 1,101

9:54 AM

Adani Transmission jumps 6% on acquisition of Warora-Kurnool Transmission

Shares of Adani Transmission (ATL) hit a new high of Rs 924.40 as they rallied 6 per cent on the BSE in intra-day trade on Tuesday on the acquisition of Warora-Kurnool Transmission Limited (WKTL) from Essel Infraprojects Limited. The company said the acquisition is done at an enterprise valuation of Rs 3,370 crore. The stock of Adani Group electric utilities company surpassed its previous high of Rs 890 touched on March 24, 2021. READ MORE

9:47 AM

Top gainers on the BSE at this hour

Company	PRICE(rs)	CHG(%)
Adani Transmissi	910.55	4.78
Vakrangee	53.20	4.52
MMTC	44.45	4.22
EClerx Services	1070.00	4.11
Dr Lal Pathlabs	2673.05	3.92

9:41 AM

MARKET CHECK :: Sensex continues in uptrend

9:40 AM

Most active stocks by volume

Company	PRICE(rs)	CHG(%)	VOLUME
Vodafone Idea	9.29	1.98	3931542
S A I L	79.65	3.85	512581
Adani Power	90.00	-4.46	343087
Punjab Natl.Bank	36.60	1.67	314078
Jindal Steel	335.80	3.53	307368

9:34 AM

Kirloskar Brothers up 2.5%

>> Leading pump makers Kirloskar Brothers is close to be a debt-free company and will continue its growth journey into domestic and international markets, said a top company official. After being debt-free, the company will focus on cash flow and will not chase topline (revenue) numbers at the cost of profitability, said KBL Director Alok Kirloskar.

9:32 AM

JSW Energy rallies 2% on fund raising plan

>> The company's board has approved a proposal for issuance of green bonds by JSW Hydro Energy, the company's material subsidiary, for raising $750 million from international markets.

9:30 AM

New order win :: Vascon Engineers trades over 2.5% higher

>> The company has received letter of acceptance amounting to Rs 515.63 crore from Uttar Pradesh Public Works Department for establishment of new medical colleges.

9:28 AM

Biocon advances 2%

>>The company said its subsidiary, Biocon Pharma, has joined hands with Libbs Farmaceutica to launch generic drugs in Brazil.