Sensex dips 474 pts from day's high, ends at 38,757; BSE SmallCap jumps 4%

All that happened in the markets today

2:18 PM

S&P Global Ratings expects Indian economy to contract 9% in fiscal 2021

The ratings firm joins a host of major banks and ratings agencies, which have made deep cuts to their forecasts on India's economy following a 23.9% contraction in April-June, as consumer spending, private investments and exports collapsed during one of the world's strictest lockdowns. READ MORE

2:07 PM

Rupee Closing

Rupee ends at 73.48 per US dollar vs Friday's close of 73.54/$

2:05 PM

BUZZING STOCK:: NCC surges nearly 6%

2:03 PM

BS Reads :: How Chennai Super Kings became an investor's treasure

After a long hiatus of over 6 months without any sporting activity, the IPL is expected to have a wider audience than usual owing to the pent-up demand when it kicks off on September 19th. While the on-ground performance of teams has always been closely followed, there is a growing section of people that is tracking the financial performance of stock as well. READ MORE

1:54 PM

Indoco Remedies soars 19% on US FDA approval for Apixaban tablets

Shares of Indoco Remedies moved higher by 19 per cent to Rs 265 in the intra-day trade on the BSE on Monday after the company announced that it has received approval from the US health regulator for blood-thinning drug Apixaban tablets. The approved product is therapeutically equivalent to the reference listed drug Eliquis of Bristol-Myers Squibb. READ MORE

1:44 PM

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

1:36 PM

Market Voice :: Shankar Sharma

1:33 PM

Sensex Heatmap at this hour

1:33 PM

Govt to infuse Rs 20,000 cr in public sector banks, seeks parliamentary nod

The Union government has sought the Parliament’s nod for infusing Rs 20,000 crore in state-owned banks. The Supplementary Demand for Grants for expenditure of the Central government tabled in Parliament on Monday stated that there will a cash outgo for “meeting additional expenditure of Rs 20,000 crore towards recapitalisation of public sector banks (PSBs) through issue of government securities.” READ MORE

1:32 PM

MARKET WATCH:: BSE Consumer Durable index gains nearly 4%

1:24 PM

SECTOR WATCH :: Nifty Bank index turns negative

1:23 PM

European indices open higher

1:15 PM

Debashis Basu | Will Sebi's fatwa for multi-cap funds work? Only the market will determine

The Securities and Exchange Board of India (Sebi) on September 11 came up with a fatwa. By January next year, multi-cap equity funds must invest a minimum of 75 per cent in equities, up from 65 per cent, with at least 25 per cent each in large-caps, mid-caps, and small-caps. This has sent shockwaves, not just through the fund industry and equity fund investors but the entire equity market. READ MORE

1:05 PM

Adani Green hits new high post Q1 results; market-cap nears Rs 1-trillion

Shares of Adani Green Energy (AGEL) were locked in 5 per cent upper circuit at Rs 638.85 -- fresh record high -- on the BSE on Monday after the company reported a profit before tax of Rs 51.27 crore during the first quarter of FY21 ended June, as against loss of Rs 131.24 crore during the same period in FY20. The total income of the company during Q1FY21 rose 30 per cent year on year to Rs 878 from Rs 675 crore in the same period last year. READ MORE

12:53 PM

BUZZING STOCK:: HCL Tech extends gains, up over 10%