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

All that happened in the markets today

9:05 AM

Sensex Heatmap | Top gainers & losers in pre-open trade

9:03 AM

Pre-open session: Sensex gains 230 points, Nifty tops 13,600

9:00 AM

News Alert | M&M arm Ssangyong defaulted on dues worth Rs 410 cr due on Dec 14: Cogencis

8:56 AM

Stocks to watch today

TCS: Tata Consultancy Services (TCS) has expanded its strategic partnership with Star Alliance, the world’s largest airline alliance, to provide predictive and real-time business analytics, improve its customers’ overall experience and accelerate its digital transformation journey.

 

NMDC is expected to trade actively after the company said its Rs 1,378-crore share buyback offer will open on Thursday and close on December 31.

 

JSW Steel: The board of directors of Periama Holdings, a wholly-owned indirect subsidiary of JSW Steel, have approved the issuance of $250 million aggregate principal amount of its 5.95 per cent notes due 2026 (the “Additional Notes”) which are guaranteed by the company. READ MORE  

8:52 AM

BS Podcast | All you need to know before the opening bell

Tune in! Here's all you need to know before starting your day on Dalal Street

8:47 AM

In race for DHFL...

- US-based Oaktree Capital has emerged as the highest bidder for bankrupt housing finance firm DHFL by making an offer of Rs 36,646 crore for the entire company. The offer includes Rs 11,646 crore in upfront cash and deferred payments to the lenders. The offer also holds back Rs 1,500 crore, which will be given to banks only after DHFL’s insurance venture is sold and all tax liabilities from the sale are met. 

 

- The Piramal group, however, has offered an upfront payment of Rs 13,000 crore and the balance of its Rs 35,550-crore offer in deferred payments for the company. The group has also made a second offer — only for the retail portfolio at Rs 26,500 crore.

 

- The Adani group did not make an aggressive bid in the fourth round

and was third in the race. READ MORE



 

8:35 AM

BPCL bid evaluation meet today; Vedanta, Apollo Global in race

A high-powered committee will, on Tuesday, evaluate preliminary bids received from mining-to-oil conglomerate Vedanta and private equity firms Apollo Global and I Squared Capital's arm Think Gas for buying the government's 52.98 per cent stake in Bharat Petroleum Corporation Limited (BPCL), sources said. READ MORE

8:21 AM

Stock picks by Nilesh Jain of Anand Rathi

BUY IGL | TARGET: Rs 535 | STOP LOSS: Rs 480

 

The stock has provided a golden crossover on the daily chart where a 50-DMA surpassed its 200-DMA hinting at a fresh momentum in the counter. On the weekly scale, meanwhile, it is hovering near its 200-weekly moving average placed at 501 levels and breakout from the same will be confirmed on the higher side. The momentum indicators and oscillators are in the buy mode on the weekly scales which also supports the positive momentum. READ MORE

8:18 AM

Bulk deals on the BSE as on Monday

Click here for complete list

8:11 AM

Bulk deals on the NSE as on Monday

Click here for complete list

8:10 AM

FII/FPI & DII trading activity on NSE, BSE and MSEI

8:09 AM

Rupee check

Source: Bloomberg

8:08 AM

Oil slips on demand worries as Covid-19 lockdowns tighten in Europe

>> Oil prices dipped in early trade on Tuesday, with demand worries due to tighter lockdowns in Europe outweighing relief from vaccination rollouts and concerns about a flare-up of tension in the Middle East.

 

>> US West Texas Intermediate (WTI) crude futures fell 16 cents, or 0.3%, to $46.83 a barrel, while Brent crude futures fell 20 cents, or 0.4%, to $50.09 a barrel, erasing half of Monday’s gains.

(Source: Reuters)

8:05 AM

SGX Nifty Update

>> At 8:03 am, the index was at 13,535 levels, down 57 points

8:03 AM

Asian stocks dip as investors curb vaccine enthusiasm

Source: Reuters