HDFC Bank, Infosys help Sensex settle 259 pts higher, Nifty ends at 11,605

All that happened in the markets today

10:27 AM

SpiceJet dips 2% after reporting Rs 593 crore loss in June quarter

Shares of SpiceJet dipped 2 per cent to Rs 52.40 on the BSE on Wednesday after the company reported a consolidated net loss of Rs 593 crore in the April-June quarter (Q1FY21), with air travel segment reporting loss of Rs 642 crore for the quarter. It had posted a net profit of Rs 261.7 crore in the same quarter of the previous year. READ MORE

10:20 AM

Lakshmi Vilas Bank soars 10% on completion of due diligence with Clix Group

Shares of Lakshmi Vilas Bank zoomed 10 per cent to hit an intra-day high of Rs 22.35 per share after the bank said the mutual due diligence process between the lender and Clix Group was nearly complete. "The mutual due diligence is substantially complete, and the parties are in discussions on the next steps," the lender informed the exchanges. READ MORE

10:11 AM

Sterlite Tech gains 5% as Co partners with Airtel to build digital network

This modern optical network, Sterlite Technologies said, will enable Airtel to deliver world-class customer experience through enhanced scalability, reduced latency, and improved bandwidth. The densely fiberised, future-ready network, will also form the foundation for many next-gen services such as 5G, fibre-to-the-home (FTTH), Internet of Things (IoT), enterprise networks, and Industry 4.0. READ MORE  

10:09 AM

Rupee opening

Rupee opens lower at 73.70/$ vs Tuesday's close of 73.65 against the US dollar

10:01 AM

Nifty Auto index trades 2% higher in an otherwise flat market

9:54 AM

BUZZING STOCK:: Mahindra & Mahindra top Sensex gainer at this hour

9:51 AM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(%)
VODAFONE IDEA	11.73	-0.17
S A I L	39.30	-0.25
TATA MOTORS	152.45	2.80
IDFC FIRST BANK	31.85	-1.09
INDUSIND BANK	628.35	-0.81

9:41 AM

NEWS ALERT :: RBI Governor Shaktikanta Das to address industry body Ficci at 11:00 am today

9:33 AM

Indiabulls Housing Fin trades in the green post ratings update

>> Indiabulls Housing Finance on Tuesday said Brickwork Ratings has assigned a short-term rating of A1 plus to the company, signifying adequate degree of safety and low credit risk. and the long-term rating has been reaffirmed at AA plus.

9:29 AM

Piramal Enterprises up over 2%

>> Blackstone Group and Partners Group Holding AG are the two remaining bidders vying for a controlling stake in Piramal Enterprises Ltd’s glass unit, Bloomberg reported

9:27 AM

IRB Infra gains around a per cent

>> IRB Infrastructure on Tuesday said its arm has entered into a pact with NHAI for executing a stretch of Vadodara-Mumbai Expressway in Gujarat at a cost of Rs 1,755 crore. The project falls under Bharatmala Pariyojna Phase 1.

9:26 AM

Lakshmi Vilas Bank zooms 10%

>> Lakshmi Vilas Bank (LVB), which had signed a preliminary, non-binding letter of intent with Clix Capital Services Private Limited and Clix Finance India Private Limited (collectively, Clix Group) in relation to the proposed amalgamation of Clix Group with the bank, informed on Tuesday that the mutual due diligence process was nearly complete.

9:25 AM

SpiceJet trades marginally lower

>> Low-cost airline SpiceJet reported a pre-tax loss of Rs 593.4 crore in the first quarter of the current financial year, against a profit of Rs 261.6 crore in the same quarter of the previous year.

9:24 AM

Hexaware Tech hits fresh 52-week high

>>  IT firm Hexaware Technologies on Tuesday said market regulator Sebi has allowed the extension of closure of its delisting offer to September 16. The voluntary delisting process of Hexaware Technologies from the BSE and the NSE had started on September 9. The delisting offer with a floor price of Rs 264.97 per share was slated to close on September 15.

9:22 AM

Aurobindo Pharma gains 3% on inking pact for Covid-19 vaccine development

>> The Council of Scientific and Industrial Research (CSIR) and Aurobindo Pharma Limited on Tuesday announced a collaboration to develop vaccines for Covid-19.