F&O expiry: IT, banks lift Sensex 393 pts up; RIL slips 2.4% post 44th AGM

The Nifty sectoral indices were mixed, with the Nifty IT index, up 2.79 per cent, leading the gainers, while the Nifty PSU Bank index, down 1.4 per cent, bled the most

1:53 PM

Stock Talk :: RIL

>> Reliance Industries' stock has rallied 10% so far in one month, outperforming benchmark indices' 3% gain

1:51 PM

RIL 44th AGM to begin shortly

1:47 PM

EXPERT TAKE :: Ambareesh Baliga on trends in IPO listings

1:38 PM

Household savings slide in third quarter amid Covid-19 pandemic cloud

Household financial savings moderated in the third quarter (Q3) of 2020-21 (FY21) for the second consecutive quarter, driven by a significant weakening in household financial assets, which more than offset the moderation in household financial liabilities.

 

Preliminary estimates released by the Reserve Bank of India (RBI) showed that household financial savings were at 8.2 per cent of gross domestic product (GDP) in the Q3FY21. READ MORE

1:27 PM

Paytm extends deadline to submit documents for share sale to June 30

Digital payments and financial services firm Paytm has extended the deadline for shareholders, employees and former employees to submit their documents by June 30, if they wish to sell their shares in the planned initial public offering of the company. One 97 Communications, which operates services under the Paytm brand name, is planning an initial public offering of its equity shares which is contemplated to include a fresh issue of equity shares by the company and an offer-for-sale of equity shares by the existing shareholders of the company. READ MORE

1:20 PM

Heatmap: S&P BSE Sensex gainers and losers at this hour

1:19 PM

Buzzing :: After a subdued debut, Sona BLW zooms 20%

1:12 PM

Tiger Global-backed Bright Health raises $924 million in US IPO

Bright Health Group, a health insurance start-up backed by Tiger Global and Blackstone Group Inc, said on Wednesday it sold shares in its initial public offering at a price lower than its target range to raise $924.3 million.

 

Bright Health priced 51.3 million shares at $18 per share and had issued a targeted price range of $20 to 23. The IPO values the company at $11.23 billion. READ MORE

1:02 PM

NEWS ALERT :: Siemens Plc raises mid-term profit target, reports Bloomberg

>>  Plans 3 billion Euros share buyback

12:54 PM

Fitch upgrades Reliance rating a notch above India's sovereign rating

In a statement, Fitch said it has upgraded RIL's long-term foreign-currency issuer default rating (IDR) to 'BBB', from 'BBB-', with a negative outlook. At the same time, the agency has affirmed RIL's long-term local-currency IDR at 'BBB+' with a stable outlook. READ MORE

12:43 PM

Sugar stks in focus; Balrampur, Dhampur, Dalmia, Uttam Sugar rally up to 5%

Shares of sugar companies were in focus on Thursday as they rallied up to 7 per cent on the BSE in intra-day trade, exiting their consolidation phase, on the back of a strong earnings outlook. Balrampur Chini Mills, Dhampur Sugar Mills, Avadh Sugar & Energy, Uttam Sugar Mills and Dalmia Bharat Sugar and Industries rallied more than 5 per cent each on the BSE. Dwarikesh Sugar Industries, Shree Renuka Sugars, Triveni Engineering & Industries and Bajaj Hindusthan Sugar, on the other hand, were up between 2 per cent and 5 per cent. In comparison, the S&P BSE Sensex was up 0.43 per cent at 52,531 points at 12:00 pm. READ MORE

12:36 PM

MARKET UPDATE:: Sensex at day's high

12:24 PM

S&P cuts India's FY22 growth forecast to 9.5% from 11% earlier

S&P Global Ratings on Thursday cut India's growth forecast for the current fiscal to 9.5 per cent, from 11 per cent earlier, and warned of risk to the outlook from further waves of COVID pandemic.

 

The agency lowered the growth outlook saying that a severe second COVID-19 outbreak in April and May led to lockdowns imposed by states and sharp contraction in economic activity. READ MORE

12:16 PM

Reliance Industries declines ahead of the AGM

12:09 PM

Margin concerns weigh on NMDC

NMDC cashed in on the global metals boom, going by the Q4FY21 results. The PSU, which is India's biggest producer of iron ore, registered Rs 6,848 crore in revenues, a rise of 148 per cent over Rs 3,187 crore reported in Q4FY20. The PAT expanded to Rs 2,828 crore against Rs 351 crore a year ago, a rise of over 700 per cent. READ MORE