MARKETS: Indices gain on US-Iran truce, Sensex up 635 pts, Nifty at 12,215

All that happened in the markets today

2:13 PM

Nifty sectoral indices at this hour

2:12 PM

Small PMS players feel consolidation likely with higher minimum investment

Recently announced changes in regulation are increasingly weighing on smaller portfolio management service (PMS) providers.

 

Industry officials say a round of consolidation is likely among players in the segment. They currently number over 300; compared to less than 50 registered players in the mutual fund industry. READ MORE

1:57 PM

Top five reasons why Sensex rallied over 600 points on Thursday

Indian equity markets opened gap-up on Thursday after US President Donald Trump said that Washington did not necessarily have to respond to Iranian attacks at American military basis in Iraq. Tempering days of angry rhetoric, Trump suggested Iran was "standing down" while Tehran offered no immediate signal it would retaliate further over a January 3 US strike that killed one of its senior military commander Qassem Soleimani. READ MORE

1:49 PM

BSE Smallcap index hits 6-month high; Weizmann Forex zooms 107% in 7 days

Titagarh Wagons, Shakti Pumps, Aptech, BGR Energy, Jindal Saw, Tejas Networks, RSWM, Deepak Fertilisers & Petrochemicals, Anant Raj Industries, Mishra Dhatu Nigam (Midhani), Gujarat State Fertilisers & Chemicals, Puravankara and NIIT have rallied by up to 20 per cent on the BSE. READ MORE

1:39 PM

STOCK WATCH:: YES Bank up 5% ahead of board meeting tomorrow for fund raising

1:25 PM

MARKET UPDATE: Indices extend gains, Nifty nears 12,220

1:17 PM

NEWS ALERT | RBI hasn't suggested breaching of FRBM targets: RBI sources to CNBC TV18

1:12 PM

Market check | Sensex near day's high, up 600 pts

1:01 PM

CMD role split: In relief for India Inc, Sebi may extend March 31 deadline

The Securities and Exchange Board of India (Sebi) is considering relaxing the March 31 deadline for listed companies to separate the positions of chairman and managing director (CMD). While the market regulator gave ample time to India Inc to adhere to the rule, not many corporate houses have complied with it. READ MORE

12:49 PM

STOCK ALERT | 24.4 lakh shares of United Spirits trade in 2 blocks on NSE: CNBC TV18

>> 0.3% equity, worth Rs 139 cr, trade in 2 blocks on NSE at Rs 569.40-570.35/sh

12:43 PM

Sector watch | Nifty Infra Index trades over 1% higher

12:32 PM

Shriram Properties planning to launch IPO after Union Budget, this year

"While the company has an approval to raise around Rs 1250 crore through primary and secondary markets, considering the current situation, it would be looking at raising around Rs 750-800 crore," M Murali, chairman and managing director, Shriram Properties Ltd. said READ MORE

12:25 PM

NEWS ALERT | Govt to form GoM for merger of 3 non-life insurance cos: sources to CNBC TV18

>> Insurance Cos may need Rs 12,500 cr as capital infusion; govt sanctioned Rs 2,500 cr in FY20

>> Govt has suggested merger of National, Oriental and United insurance

12:19 PM

Index Contributors at this hour

12:07 PM

Nifty Realty index hits 52-wk high; DLF, Sunteck, Oberoi Realty up over 2%

Shares of real estate companies advanced at the bourses on Thursday, gaining up to 6 per cent on the National Stock Exchange (NSE), after the State Bank of India (SBI) launched a Residential Builder Finance with Buyer Guarantee (RBBG) scheme to safeguard home buyers financially. READ MORE