MARKET WRAP: Indices gain for 3rd day, Sensex up 86 pts; PSU banks rally

All that happened in the markets today

10:20 AM

UFlex jumps 9%, scales fresh 52-week high as Q1 profit grows two-fold

Shares of UFlex surged 9.12 per cent to a fresh 52-week high of Rs 368.35 on the BSE on Wednesday after the packaging materials and solution company reported over two-fold jump in its consolidated net profit at Rs 196.54 crore for the first quarter of 2020-21 (Q1FY21). The company had posted a net profit of Rs 90.91 crore during April-June quarter a year ago, UFlex said in a regulatory filing. READ MORE

10:10 AM

Indiabulls Real Estate surges 7% as Embassy Group signs merger agreement

Jitendra Virwani along with other promoter entities of NAM Estates (Embassy Promoters) will become the new promoters of IBREL upon completion of merger and Sameer Gehlaut, along with existing IBREL promoter group entities, shall initiate the process of reclassification as required. Embassy Group already has around 14 per cent stake in Mumbai-based IBREL and the same will increase to 45 per cent after the merger of assets of these two companies. READ MORE

Photo: Twitter

10:05 AM

Rupee Opening

Rupee opens at 74.69 per US dollar vs Tuesday's close of 74.76/$

9:59 AM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(%)
VODAFONE IDEA	8.74	-1.24
PUNJAB NATL.BANK	33.90	3.04
ASHOK LEYLAND	67.70	-1.10
PETRONET LNG	260.60	1.03
EMAMI	348.50	2.47

9:53 AM

SECTOR WATCH:: Nifty PSU Bank index up 2%

9:49 AM

RIL shares gain nearly 1.5% post acquisition of majority stake in Netmeds

Shares of Reliance Industries (RIL) rallied as much as 1.47 per cent to Rs 2,150 apiece on the BSE on Wednesday after the Mukesh Ambani-owned conglomerate on Tuesday announced the acquisition of a majority equity stake in Chennai-based online pharmacy delivery startup Netmeds (Vitalic Health Pvt. Ltd) for a cash consideration of approximately Rs 620 crore. READ MORE

9:43 AM

NEWS ALERT :: Supreme Court to hear AGR case at 2:45 pm today

9:30 AM

Result Impact | Uflex hits 52-week high

>> Packaging materials and solution company Uflex Ltd on Tuesday reported over two-fold jump in its consolidated net profit at Rs 196.54 crore for the first quarter ended June 2020, helped by volume growth. The company had posted a net profit of Rs 90.91 crore during April-June quarter a year ago, Uflex said in a regulatory filing.

9:28 AM

Dilip Buildcon rises 3%

>> The company has received a letter of acceptance (LOA) for a new project worth Rs 1,334.95 crore.

9:27 AM

YES Bank advances 2%

>> The private sector lender has repaid the RBI Rs 35,000 crore out of the Rs 50,000 crore of Special Liquidity Facility.

9:26 AM

Zee Entertainment bounces from day'a low

>> The company posted a 95 per cent fall in consolidated net profit at Rs 29.28 crore in Q1 June 2020 as against Rs 529.76 crore in Q1 June 2019. Further, the company's board has approved the sale of 100 per cent equity shares held in four wholly-owned subsidiaries of the Company i.e. Zee Unimedia, Zee Digital Convergence, India Webportal, and Zee Network Distribution to another wholly-owned subsidiary Company i.e. Essel Vision Productions (EVPL).

9:24 AM

Indiabulls Real Estate gains 1%

>> Bengaluru-based realty firm Embassy Group on Tuesday signed an agreement to merge its various housing and commercial projects with Indiabulls Real Estate Ltd (IBREL) and take control of the merged entity.

9:22 AM

Reliance Industries up over 1%

>> The Mukesh Ambani-owned conglomerate on Tuesday announced the acquisition of a majority equity stake in Chennai-based online pharmacy delivery startup Netmeds (Vitalic Health Pvt. Ltd) for a cash consideration of approximately Rs 620 crore.

9:20 AM

Sectoral trends on NSE at Open

9:19 AM

Sensex Heatmap