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.

12:00 PM

SECTOR WATCH:: Auto stocks trade largely higher in an otherwise feeble market

Company	LATEST(rs)	CHG(%)
Tata Motors	270.50	1.16
Ashok Leyland	114.55	-0.48
M & M	770.00	0.02
Tata Motors-DVR	107.45	0.80
Maruti Suzuki	7908.00	0.53

11:46 AM

Here's what brokerages expect from TVS Motor Q3 results today

According to the monthly sales data, TVS Motor sold 9.89 lakh units in Q3FY21, up 20 per cent YoY from 8.21 lakh units it sold in the year-ago period. Sequentially, the company's volume grew 14 per cent from 8.67 lakh in Q2FY21. In the quarter under review, the company sold 9.51 lakh 2-wheelers (up 23% YoY) and 37,638 3-wheelers (down 22% YoY). READ MORE

11:36 AM

Top losers on the BSE at this hour

Company	PRICE(rs)	CHG(%)
Bank Of Baroda	68.05	-7.85
DCB Bank	103.05	-5.42
Vakrangee	55.00	-4.93
India Cements	159.05	-4.33
Aditya Bir. Fas.	155.70	-3.98

11:24 AM

IndiGo Q3 preview: Server hack, fleet expansion among key monitorables

HSBC

 

Analysts at the brokerage would focus on the management’s commentary on key issues like fleet and capacity planning, liquidity, update on fund-raising via QIP, pricing strategy, network planning, cost management, cargo business, and underlying yield environment. Besides, they would also track updates on the recovery in the corporate demand.

 

That apart, HSBC expects the management to issue a statement on the loss due to servers being hacked at the airline. Overall, the brokerage expects the airline to report a net loss of Rs 837.6 crore, and revenue worth Rs 5,146.9 crore. READ MORE

11:19 AM

Havells India hits fresh record high in weak market, surges 32% in a month

Havells India shares traded 7 per cent higher to hit a fresh record high of Rs 1,190 on the BSE in an otherwise weak market on Thursday, on expectation of higher growth in the next few quarters due to a low base (lockdown quarters) and effect of price hikes. The fast moving electrical goods company's stock has surpassed its previous high of Rs 1,164, touched on January 22. READ MORE

11:10 AM

Buzzing Stock :: Inox Leisure shares rise over 3%

Ministry of Home Affairs (MHA) on Wednesday allowed cinema halls and theatres to operate with more people. At present, cinema screens are operating with 50 per cent seating restrictions.

11:10 AM

BUZZING STOCK:: Havells up 5% in an otherwise weak market

11:01 AM

Top Sensex drags at this hour

10:50 AM

NEWS ALERT | Govt looks to sell 10-15% stake in LIC; may be announced in Budget: CNBC TV18

-- Govt also plans stake sale in IDBI Bank, Central Bank, and Punjab and Sind Bank

10:39 AM

NEWS ALERT :: Cadila's Zydus granted Orphan Drug Designation by the US FDA

>> US FDA has granted ‘Orphan Drug Designation’ (ODD) to Saroglitazar Mg for the treatment of patients with Primary Biliary Cholangitis (PBC).

>> Orphan drug designation provides eligibility for certain development incentives, including tax credits for qualified clinical testing, prescription drug user fee exemptions and seven-year marketing exclusivity upon FDA approval.

>> This follows the grant of ‘Fast Track Designation’ by the USFDA to Saroglitazar Mg for PBC in December 2020. 

(Source: BSE filing)

10:30 AM

MARKET CHECK:: Sensex again slips below 47,000

10:30 AM

Result today :: Analysts see up to 30% YoY growth in Maruti Suzuki's Q3 PAT

Maruti Suzuki is expected to post a healthy set of numbers for the December quarter of FY21 (Q3FY21), which is scheduled to be released on Thursday. Analysts are building up to 30 per cent year-on-year (YoY) growth in the company's bottom-line while revenue is seen growing in early teens, on account of strong volume during the quarter. The company had posted revenue of Rs 20,706.8 crore and profit of Rs 1,564.8 crore in Q3FY20. READ MORE

10:18 AM

MARKET UPDATE:: Nifty Bank index slips below 30k in intra-day deals

10:11 AM

Cosmo Films surges 7% on strong Q3 results, Rs 25/share interim dividend

Shares of Cosmo Films surged 7 per cent to Rs 475 on the BSE in intra-day trade on Thursday after the company reported a strong 75 per cent year on year (YoY) jump in consolidated net profit at Rs 63 crore in the December quarter (Q3FY21), on the back of healthy operational performance. The company's board of directors have declared interim dividend of Rs 25 per share for FY21 and fixed February 8, 2021 as the record date. READ MORE

10:05 AM

Rupee opening

Rupee opens weaker at 73.13/$ vs Wednesday's close of 72.92 against the US dollar