Sensex recovers 421 pts from day's low, ends flat; Nifty settles at 13,568

All that happened in the markets today

11:32 AM

NEWS ALERT :: Kalpataru Power bags project order worth Rs 1,300 crore

11:25 AM

Twitter Talk :: Shyam Sekhar on Majesco's dividend plan

11:18 AM

Market Stats

• Advance-decline ratio on BSE at 2:3
• 201 stocks hit 52-week highs, 21 at 52-week lows
• 258 scrips scale upper circuit limits, 143 hit lower circuits

(Source: BSE)

11:09 AM

Majesco hits record high as Co's board approves interim dividend of Rs 974

Shares of Majesco hit a fresh record high of Rs 1,019, up 5 per cent on the BSE in early morning trade on Tuesday after the company said its board has approved payment of interim dividend at the rate of 19480 per cent i.e. Rs 974 per equity share of face value of Rs 5 each for the financial year 2020-21. The company has fixed Friday, December 25, 2020, as the record date for ascertaining the eligibility of shareholders for payment of interim dividend. This interim dividend payout translates to an amount of Rs 2,788.4 crore on a shareholder base of 28.577 million shares. READ MORE

11:01 AM

It's a green 2020 for IPOs: All 14 listings are trading above issue price

Calendar year 2020 (CY20) will go down as one of THE BEST for investors in Initial Public Offers (IPOs). Burger King India on Monday became the 14th company to get listed this year following a public issue. And, just four of the 14 stocks saw their price slip below the IPO price on listing day. However, thanks to the buoyancy in the secondary market shares of all the 14 companies are currently trading above their issue price. READ MORE

10:55 AM

Top Sensex drags at this hour: Reliance, ICICI Bank, HUL

10:50 AM

Top losers on BSE at this hour

COMPANY	PRICE(rs)	CHG(%)
CANARA BANK	117.95	-7.42
IFCI	9.60	-6.52
MMTC	24.40	-5.97
DISH TV INDIA	13.88	-5.71
SOUTH IND.BANK	9.11	-5.01

10:45 AM

MARKET UPDATE:: Sensex extends losses, gives up 46k

10:35 AM

BROKERAGE VIEW :: Geojit on HCL Tech

HCL Technologies reported a decent set of results in Q2FY21 with revenue growth of 4.5% on a sequential basis in Constant Currency (CC). Deal wins have been strong with 15 large net new wins and net-new Total Contract Value (TCV) expanding 35% QoQ. Company has developed capabilities in digital consulting, modern applications and data & analytics businesses through organic investments. Cloud migration and cybersecurity products will drive long-term growth as the clients digitalize their existing business models. Also, we believe that the strategic acquisition of DWS will improve client base and portfolio mix of services/product. We have a buy rating on the stock with a target price of Rs. 1,002 based on 20x FY22E adj. EPS.

10:34 AM

NEWS ALERT | Dilip Buildcon gets letter of acceptance for project of Rs 882 cr in Gujarat

10:28 AM

A day after bumper debut, Burger King India shares surge another 19%

On December 14, the stock of the quick-service restaurant (QSR) closed at Rs 135, clocking 125 per cent premium over its issue price of Rs 60 on the BSE. With today's gain, the stock has rallied 167 per cent compared to its issue price. READ MORE

10:16 AM

Nifty PSU Bank worst sectoral loser on NSE, down nearly 3%

10:06 AM

Rupee Opening

Rupee opens lower at 73.64 per US dollar vs Monday's close of 73.58/$

9:59 AM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(%)
SUZLON ENERGY	4.31	4.36
VODAFONE IDEA	9.85	-2.09
ICICI PRU LIFE	486.00	-0.94
S A I L	57.55	-1.71
ADANI POWER	47.95	2.57

9:55 AM

Voda Idea, Bharti Airtel fall up to 2% on Jio's complaint

Reliance Industries' telecom division has asked TRAI to take action against rivals Bharti Airtel and Vodafone Idea for allegedly running a false propaganda campaign to attract its subscribers. In a letter dated Dec. 10, Reliance Jio alleged that the two companies had created an impression that Reliance - which also runs retail operations - stands to gain from three new agricultural laws introduced by the Indian government in September. Following this development, shares of Bharti Airtel and Vodafone Idea were trading in the red in morning deals on Tuesday.

Stock Name	% change	LTP
Vodafone Idea	1.89	Rs 9.87
Bharti Airtel	0.23	Rs 501.80