MARKET WRAP: Indices rally for 5th straight day, Sensex ends 187 pts higher

All that happened in the markets today

11:12 AM

City gas distribution companies under pressure; MGL, IGL decline up to 5%

Shares of city gas distribution (CGD) companies such as Mahanagar Gas (MGL) and Indraprastha Gas (IGL) were under pressure on Tuesday. The shares slipped up to 5 per cent in the intra-day trade on the BSE on Tuesday after Petroleum and Natural Gas Regulatory Board (PNGRB) said the regulation for allowing competition in CGD areas will be notified in the next one to one and a half months. READ MORE

11:04 AM

MARKET UPDATE:: Sensex turns negative

10:45 AM

Bharat Bond ETF NFO: A decent investment if you are holding till maturity

Radhika Gupta, chief executive officer (CEO), Edelweiss Mutual Fund says: “This series will see two more new ETFs maturing in 2025 and 2031 — namely Bharat Bond ETF April 2025 and Bharat Bond ETF 2031. The product contours remain the same as the first Bharat Bond ETF series. We see healthy demand from investors for these ETFs in the current environment where safety is paramount.” While equities are rock stars of a portfolio, as times get tough, bonds are seen as better bets, especially those with sovereign backing. READ MORE

10:37 AM

NBCC up 11% despite a 68% fall in standalone net profit for March quarter

Shares of NBCC (India) climbed as much as 11 per cent on the BSE on Tuesday, a day after the company announced its March quarter results for the financial year 2019-20 (FY20). At 09:58 am, the stock was trading around 7 per cent higher at Rs 26.95 on the BSE. In comparison, the S&P BSE Sensex was trading flat at 36,544.52 levels, up just 0.16 per cent. READ MORE

10:26 AM

Bandhan Bank jumps 5.5% post Q1FY21 biz update; Analysts maintain 'buy'

Shares of Bandhan Bank jumped as much as 5.5 per cent to Rs 376.75 on the BSE on Tuesday after the bank reported healthy loan and deposit growth in the April-June quarter on a yearly basis despite nationwide Covid-19-induced lockdown. The Kolkata-headquartered bank saw its deposits growing 35 per cent year-on-year (YoY) to Rs 60,602 crore at the end of Q1FY21, compared to Rs 44,796 crore in Q1FY20. Sequentially, deposits grew 6 per cent from Rs 57,082 crore seen in Q4FY20. READ MORE

10:16 AM

IT shares gain ahead of Q1 earnings; TCS hits all-time high, Infosys up 4%

Shares of information technology (IT) companies were in focus on Tuesday with the Nifty IT index gaining more than 1 per cent ahead of the announcement of their June quarter (Q1FY20) results. Tata Consultancy Services will kickoff the earnings season by announcing its numbers on Thursday, July 9. Shares of TCS hit an all-time high of Rs 2,303, up 1.8 per cent on the National Stock Exchange (NSE) in Tuesday's trade. The stock surpassed its previous high of Rs 2,296, touched on September 3, 2019. READ MORE

10:06 AM

Rupee opening

Rupee opens lower at 74.70/$ vs Monday's close of 74.67 against the US dollar

10:05 AM

MARKET UPDATE:: Sensex continues to trade in the green

9:58 AM

BUZZING STOCK:: Camlin Fine surges as much as 10% in early deals

9:47 AM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(%)
VODAFONE IDEA	9.72	-1.02
B H E L	43.10	-1.03
IDBI BANK	50.45	-4.99
TATA MOTORS	111.45	2.25
TATA POWER CO.	50.60	0.40

9:43 AM

SECTOR WATCH:: Nifty IT index trades 1% higher in an otherwise flat market

9:33 AM

Hotel and restaurant stocks jump as Maharashtra govt allows them to function

COMPANY NAME	LATEST	HIGH	LOW	CHG (rs)	CHG(%)	VALUE (rs CR)	VOLUME
LEMON TREE HOTEL	24.85	24.85	23.70	1.15	4.85	0.94	379658
INDIAN HOTELS CO	83.60	84.55	83.35	2.20	2.70	0.52	62328
KAMAT HOTELS	33.40	34.05	32.00	3.95	13.41	0.12	36080
ROYAL ORCH.HOTEL	63.15	63.50	61.95	3.70	6.22	0.16	26071

9:31 AM

Sterlite Technologies trades flat

9:30 AM

BGR Energy Systems jumps 19%

9:27 AM

HUL trades mildly higher

>> In an interim relief to Hindustan Unilever (HUL), which recently dropped the word 'Fair' from its skin cream for men and renamed it 'Glow & Handsome', the Bombay High Court on Monday said FMCG firm Emami, that has its own 'Glow and Handsome' cream, shall give HUL seven days prior notice before initiating legal proceedings ontrademarks.