Financials lead in Sensex's 522-pt rally; Nifty ends 153 pts up at 9,979

All that happened in the markets today

10:21 AM

BROKERAGE VIEW:: YES Securities on Voltas

Rating: Reduce | Target Price: Rs 492 | Downside: 8.9%

• Cooling products business margins would be under pressure as competition heats up and players cut prices to liquidate inventory to benefit from the recent spurt in demand.
   
• We maintain our Reduce rating on the company with a revised SOTP target price of Rs 492

Valuation: We believe current price is already building in a sharp recovery in FY22 earnings.

Risk to our call: Faster recovery in consumer discretionary spending , Higher capex by Central and State Governments

10:11 AM

BUZZING STOCK:: Glenmark Pharma zooms 5%

10:06 AM

Rupee opening

Rupee opens lower at 75.56/$ vs Monday's close of 75.54 against the US dollar

10:03 AM

Tata Power gains nearly 7% as it completes 51% stake buy in Odisha's TPCODL

Praveer Sinha, CEO & MD, Tata Power said, “Our tie-up with CESU is a huge development for Tata Power. We are thankful to the Odisha Government and OERC for giving us this opportunity. We are committed to providing reliable, affordable, and quality power supply along with superior customer service, backed by innovative technology. We constantly strive to become the most preferred distribution company in the country. The success of our Delhi, Mumbai, and Ajmer Distribution businesses are a testament to this fact.” READ MORE

9:52 AM

Mahindra & Mahindra rallies 10% in 2 days on healthy tractor sales in May

Shares of Mahindra & Mahindra (M&M) were up 4 per cent to Rs 477 on the BSE on Tuesday, having rallied 10 per cent in the past two trading days, after the company sold 24,017 tractors in domestic market in May 2020 despite Covid-19 induced lockdown. It had sold 23,539 units during the same month last year. The timely relaxation of the lockdown for the agricultural sector helped ensure speedy recovery of tractor demand during May. READ MORE

9:47 AM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(%)
KOTAK MAH. BANK	1334.80	6.85
COROMANDEL INTER	628.80	-3.45
VODAFONE IDEA	6.73	2.59
DISH TV	4.71	4.90
SUZLON ENERGY	2.99	1.36

9:40 AM

MARKET UPDATE:: Nifty reclaims 9,900

9:34 AM

MARKET CHECK | Sensex sees sharp upmove, up 300 pts

9:31 AM

Indraprastha Gas up over 1% as CNG prices have been increased in Delhi

>> The company on Monday informed on Twitter that CNG retail price in Delhi has been revised from Rs 42 per kg to Rs 43 in Delhi.

9:27 AM

Hero MotoCorp rises 2%

9:23 AM

Wipro slides 1% on fears of Covid-19 denting margin

>> IT services firm Wipro on Monday said its overall financial performance is likely to be adversely affected owing to ongoing Covid-19 crisis with gross profit margins coming under pressure in the current financial year.

9:21 AM

RIL gains 0.6%

>> Rights issue closes tomorrow, June 3.

9:20 AM

Bajaj Auto slips in trade post may auto sales nos

9:19 AM

Sectoral trends on NSE at open

9:18 AM

Sensex Heatmap at Open