Tuesday, December 31, 2024 | 12:57 AM ISTEN Hindi

MARKET WRAP: Sensex surges 1,266 pts, Nifty ends at 9,112; auto stocks jump

All that happened in the markets today.

SI Reporter New Delhi

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai (

1:21 PM

NEWS ALERT :: L&T Board approves Long-term borrowing up to Rs 9,000 crore: BSE filing

>> The Board of Directors, at its meeting held today, has, inter alia, approved Long-term borrowing up to Rs 9,000 crore, either through external commercial borrowings, term loans, non-convertible debentures or any other instrument as may be appropriate.

1:18 PM

MARKET UPDATE:: Sensex reclaims 31k

1:11 PM

Auto stocks extend gains; Nifty Auto index surges 20% in three days

At 12:17 pm, Nifty Auto index, the top gainer among sectoral indices, was up 7.8 per cent, as compared to a 3.4 per cent rise in the Nifty 50 index. In the past three days, the auto index surged 20 per cent as against a 12 per cent gain in the benchmark index.

Prior to April 3, in one month, the Nifty Auto index slipped 35 per cent, as compared to a 28 per cent decline in the Nifty 50 index. READ MORE

12:58 PM

Amid market weakness, delivery-based trades hit an 11-month high in March

According to the month-wise data compiled by Business Standard Research Bureau, the delivery ratio---the percentage of shares actually changing hands in relation to the total traded quantity — was about 34.1 in January 2020 and 35.8 per cent in February 2020. READ MORE

12:47 PM

MARKET CHECK | Top 5 gainers on the BSE at this hour

12:39 PM

MARKET CHECK | Aurobindo Pharma jumps over 7%

12:30 PM

Covid-19 impact: Commercial vehicle sales to contract another 8-10% in FY21

The commercial vehicle (CV) industry, already under pressure due to the economic slowdown, axle load norms, GST and other issues, is now facing another challenge in the coronavirus outbreak. These factors are likely to lead to a further contraction of 8-10% in FY21, with profitability and credit metrics of CV OEMs likely to remain under pressure. READ MORE

truck, vegetables, vendors, transport, trucks, farmers, fruits, food

12:26 PM

NEWS ALERT | Euro value stable; would like to see more inflation, says Christine Lagarde

(as reported by Reuters)

12:16 PM

Future Group: Retail king of India faces litmus test as debt soars

Though promoter Kishore Biyani is selling stakes in group companies to pay off debt, a significant share price crash since January this year is making his task difficult.

“While it is good news that 80 per cent of the borrowings of holding companies are from PE firms, for which the collateral cover is much lower than funds from banks or mutual funds, the cost of funding can be very high,” said an analyst of Redd Intelligence. READ MORE