MARKET WRAP: Sensex tanks 540 pts in broad-based sell-off, India VIX up 5%

All that happened in the markets today

10:19 AM

Polycab shares rally 6% on strong operational performance in Q2

The management remains optimistic about robust economic potential over mid to long term, government initiatives and reviving consumer sentiment should support demand in months to come. READ MORE

10:09 AM

Rupee opening

Rupee opens lower at 73.78/$ vs Friday's close of 73.62 against the US dollar

10:07 AM

Tech Mahindra slips over 2% after Q2 result; should you buy the stock?

Shares of Tech Mahindra, the Pune-headquartered information technology (IT) services company, declined as much as 2.6 per cent to Rs 825.70 apiece on the BSE in the early trade on Monday as investors booked profit after the company posted better-than-expected quarterly numbers for the second quarter of the current fiscal year (Q2FY21). READ MORE

9:55 AM

IndusInd Bank soars 4% on takeover buzz; promoters call rumor 'baseless'

Shares of IndusInd Bank advanced 4.2 per cent to hit an early morning high of Rs 633 on the BSE on Monday on report that Uday Kotak, founder and chief executive officer (CEO) of Kotak Mahindra Bank, is looking at the possibility of an all-stock acquisition of the private lender. "Uday Kotak and the Hinduja family have held initial talks over the proposal in which the founders of IndusInd Bank could retain a stake in the lender after a deal," said a report by news agency Bloomberg. READ MORE

9:48 AM

YES Bank extends gain after reporting net profit of Rs 129 crore in Q2

Shares of YES Bank rose 5 per cent at Rs 14.01 on the BSE on Monday, extending its Friday’s 5 per cent gain, after the lender returned to profit in the quarter ended September (Q2FY21). However, the stock erased its early morning rally and was up 1.4 per cent higher at Rs 13.54 on the BSE at 09:30 am. In comparison, the S&P BSE Sensex was down 0.26 per cent at 40,579 points. A combined around 89 million equity shares had changed hands on the counter on the NSE and BSE. READ MORE

9:42 AM

Larsen & Toubro gains 2% as board to consider special dividend on Wednesday

Shares of Larsen & Toubro (L&T) gained 2 per cent at Rs 957 on the BSE on Monday, after the engineering conglomerate said its board will consider special dividend on Wednesday. The stock was quoting higher for the seventh straight day, and has gained 8 per cent during the period. READ MORE

9:26 AM

Nestle India adds around 2% post Q2 nos

>> Beating street estimates, fast-moving consumer goods (FMGC) major Nestle India reported a 12.4 per cent growth in its profit before tax (PBT) for the July-September quarter. The Gurgaon-headquartered firm posted Rs 787 crore PBT, compared to Rs 700 crore in the corresponding quarter last year.

9:24 AM

Result Reaction | Tech Mahindra dips 2%

>> Tech Mahindra on Friday reported a 5.27 per cent year-on-year (YoY) decline in its consolidated net profit at Rs 1,064.6 crore for the quarter ended September 2020 (Q2FY21). The IT services company had posted a profit of Rs 1,123.9 crore in the year-ago period.

9:22 AM

Reliance Industries slips over 1% in early trade

9:21 AM

Kotak Mahindra Bank mildly in red

9:20 AM

IndusInd Bank advances 3%

>> According to a Bloomberg report, Kotak Mahindra Bank is exploring a takeover of smaller rival IndusInd Bank, a move that would create the nation’s eighth-largest financial firm by assets. 

9:19 AM

Sectoral trends at Open

9:18 AM

Sensex Heatmap at Open

9:17 AM

Opening Bell

9:16 AM

Opening Bell