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.

9:53 AM

Astral Poly Technik gains 5% in weak market as firm to consider bonus issue

Shares of Astral Poly Technik climbed 5 per cent to Rs 1,731 on the BSE in Thursday's intra-day trade, in an otherwise weak market, after the company said it would consider a bonus issue plan next month. The company's board of directors is scheduled to meet on February 3, 2021, to consider a proposal for the issue of bonus equity shares. The board will also consider the unaudited financial results for the quarter and nine months ended December 31, 2020 (Q3), the company said in an exchange filing. READ MORE

9:50 AM

Market View | V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Markets, globally, have turned weak following the steady decline in the mother market US. The heightened speculative activity in certain segments in US markets have become an area of concern. Back home, in India, the third day of consecutive selling by FIIs ( Rs 1688) have turned the market mood bearish. The budget uncertainty will keep the bulls in restraint. On the positive side, Fed affirming the continuation of accommodative monetary policy and bond purchases of $ 120 billion every month ensures adequate liquidity for markets. In brief, a confuse set of market signals. Nifty has corrected around 5% from the peak. This is a healthy correction

9:48 AM

PSU Banks underperfom markets

9:42 AM

Axis Bank turns positive

9:39 AM

MARKET CHECK :: Sensex recovers from day's low

9:36 AM

Covid-19 update

9:35 AM

Telecom stocks trade higher in a weak market

9:34 AM

RIL snaps 3-day losing streak, leads S&P BSE Oil & Gas index as top gainer

9:32 AM

Oil India down 1%

>> Oil India (OIL) has started its first-ever seismic survey in Tripura, kicking off exploration and production operation in the north-eastern state. OIL commenced a seismic survey in block AA-ONHP-2018/5, the company said in a statement.

9:30 AM

United Spirits sinks over 5%

>> United Spirits (USL) on Wednesday reported a 20.82 per cent YoY rise in consolidated net profit at Rs 280.3 crore for the third quarter ended December 2020. The company's revenues from operations jumped 7.65 per cent YoY to Rs 8,410.3 crore in the latest December quarter.

9:28 AM

HCL Tech erases over 2%

>> HCL Technologies (HCL) has partnered with University of California, Berkeley to create a Health Technology Collaborative Laboratory (CoLab).

9:26 AM

ICICI Prudential Life trades with a per cent cut

>> The private sector insurer reported a marginal 1.3 per cent growth in net profit at Rs 306 crore for the three months to December on higher tax outgo, which whittled down the massive investment gains.

9:25 AM

SBI Cards declines in trade on MD's resignation

>> The company said its Managing Director and CEO Ashwini Kumar Tewari has resigned pursuant to his appointment as MD of State Bank of India.

9:24 AM

Aditya Birla Fashion slides 2.5%

>> Aditya Birla Fashion and Retail (ABFRL) has announced a strategic partnership with designer brand Sabyasachi by signing a definitive agreement for acquiring 51% stake in Sabyasachi brand.

9:23 AM

Result Reaction :: JK Paper tumbles over 5%

>>  JK Paper reported a decline of 51 per cent in its consolidated net profit at Rs 64.59 crore for the third quarter ended December. The company had posted a net profit of Rs 131.85 crore in the October-December quarter a year ago. Its total income was down 9.28 per cent YoY to Rs 770.45 crore.