F&O Expiry: Sensex sinks 536 pts; broader mkts outperform; bank stocks up

In the broader market, the S&P BSE MidCap index ended 0.4 per cen lower while the smallcap counterpart closed down 0.45 per cent.

1:40 PM

Dec Quarter Result :: Maruti Suzuki posts profit of Rs 1,941.4 crore

>> Revenue at Rs 23,458 crore

>> EBITDA at Rs 2,226 crore

1:37 PM

Market Voice :: Nilesh Shah on how to unlock value in PSUs

India has a vast financial resource that is locked up in her PSUs currently. But that value needs unearthing, before unlocking. For example, since January 2008 when the BSE PSU Index made a market top, the Sensex has multiplied more than two times, while the PSU Index is down more than 40 per cent. READ MORE

Nilesh Shah, managing director of Kotak Mahindra Mutual Fund

1:24 PM

Q3 RESULTS | DB Corp's consolidated net profit up 21.3% YoY at Rs 99 crore

-- Revenue down 17.4% YoY at Rs 494.3 cr

 

-- Ebitda up 16.9% YoY at Rs 165.6 crore

 

-- Ebitda margin at 33.5% vs 23.7% (YoY)

1:23 PM

K M Birla's firm bets on India's economic recovery, revives investments

As the vaccines roll out, and governments and central banks provide stimulus, India will be among economies to rise above pre-pandemic levels, the billionaire said in a Bloomberg Television interview on Wednesday. His Aditya Birla Group has already unveiled plans to plow in about $2.4 billion across businesses in the past few weeks, months after putting on hold some of its expansion programs on account of the Covid-related lockdowns. READ MORE

1:14 PM

Inox Leisure, PVR trade firm as cinema halls to operate at higher capacity

Share of multiplex operators PVR and Inox Leisure gained up to 4 per cent on the BSE on Thursday in an otherwise weak market after the government allowed cinema halls, which are operating at 50 per cent limit to occupancy, to operate at higher occupancy. The Ministry of Home Affairs (MHA), on Wednesday, allowed cinema halls and theatres to operate with more people, and it will issue revised SoP for the same. The new guidelines regarding Covid-19 protocols will be effective from February 1 onwards. READ MORE

1:12 PM

Sector Watch :: Nifty Auto defies trend, manages to stay in the green

1:09 PM

BSE advance-decline ratio in favour of sellers

1:05 PM

HEATMAP:: 28 out of the 30 Sensex constituents in red

1:02 PM

India's gold demand hits 25-yr low in 2020 amid lockdowns, high prices: WGC

Demand for gold in India in calendar year 2020 dropped to a 25-year low of 446 tonnes as compared to 690.4 tonnes in 2019, as per the latest report released by World Gold Council (WGC). “The last time the demand hit such levels was in 1995 at 462 tonnes,” said Somasundaram PR, managing director for India, World Gold Council. READ MORE

12:45 PM

MARKET UPDATE:: Indices at day's low, Sensex tumbles 700 pts

12:43 PM

Aditya Birla Fashion acquires 51% stake in Sabyasachi; stock dips 6%

Sabyasachi is India’s largest and most influential luxury designer brand and engaged in categories such as apparel, accessories and jewellery and has a strong franchise in India, US, UK and the Middle East. The brand generated revenue worth Rs 274 crore as on FY20. READ MORE

12:33 PM

HDFC Bank: Growing dependence on corporate loans isn't a long-term positive

Among those which have announced the December quarter (Q3) results so far, HDFC Bank saw the highest earnings upgradation (8– 11 per cent) for FY22 on the back of strong results. In the near-term though, the stock has been a laggard, down six per cent in a week. READ MORE

12:24 PM

NEWS ALERT :: Bharti Airtel announces 5G network

>>  Co become first telecom company to demonstrate & orchestrate LIVE 5G service over a commercial network in Hyderabad city.

>> Airtel did this over its existing liberalised spectrum in the 1800 MHz band through the NSA (Non Stand Alone) network technology.

12:20 PM

RIL, SBI: These five stocks may lead the Sensex, Nifty rebound, charts show

S&P BSE SENSEX: The index is nearing the support of 50-days moving average (DMA) placed at 46,772 as per the daily chart. A reversal nearing this support may show a tremendous accumulation and may trigger a sharp bounce towards 50,000-mark. On the trendline scenario, only a decisive close below 47,000 may accelerate selling pressure. The overall structure indicates the index is able to uphold the reversal with the trendline support intact, as per the chart. READ MORE

12:12 PM

MARKET UPDATE:: Broader indices fare better than their benchmark peers