MARKET: Indices end flat, Nifty settles at 11,222; PSBs, FMCG stocks fall

All that happened in the markets today

9:56 AM

BROKERAGE VIEW | ICICI Securities on HeidelbergCement India

RATING: BUY | TARGET PRICE: Rs 230

HEIM enjoys industry-leading +20% return ratios, as its EBITDA/te more than doubled over the past four years to Rs1,122/te in FY20 led by +6% realisation CAGR. Given no major organic expansion plans over FY21- 22E, net cash is likely to increase to Rs6.8bn by FY22E from the current Rs1.6bn. We initiate with a BUY rating and target price of Rs 230/share (7xSep’22E EV/E).

9:46 AM

MARKET CHECK | India VIX drops over 1% to 19.33 levels

9:40 AM

MARKET CHECK :: Sensex off highs

9:34 AM

Maruti Suzuki gains 1% on report Morgan Stanley ups target

>> Revised target price is now Rs 7,570 apiece

9:32 AM

IndusInd Bank slips 1%

9:31 AM

Lakshmi Vilas Bank trades marginally higher

>> Clix Capital and its affiliates, in talks with beleaguered Lakshmi Vilas Bank (LVB) for an amalgamation, may seek some regulatory dispensations for the deal to crystalise. 

9:29 AM

Shalby gains around 4%

>> The company's board has approved the reduction of promoter holding from the current 79.45 per cent to 75 per cent and raising of up to Rs 117 crore.

9:27 AM

IIFL trades higher despite rating downgrade

>> Moody's has downgraded IIFL Finance Ltd's corporate family rating (CFR) and secured debt from “B1” to “B2” on prospects of deterioration in asset quality and profitability due to a rise in loan delinquencies and defaults.

9:25 AM

Infosys up over half a per cent

>> EdgeVerve Systems, a wholly-owned subsidiary of Infosys, recently signed a partnership with Minit, a leader in process mining, to help clients accelerate process excellence, Infosys said on Monday. In a separate development, Infosys and the French Tennis Federation, Monday announced the latest innovations set to hit the courts at this year’s Roland-Garros, as part of the second year of the strategic technology partnership.

9:23 AM

BPCL gains over 1%

>> The management of Bharat Petroleum Corporation (BPCL) on Monday said that 2 per cent of its treasury stock will be transferred to a separate trust, while the remaining 7.33 per cent is likely to be sold in a bulk deal.

9:20 AM

Sectoral trends at Open :: Metal, realty stocks trade higher

9:19 AM

Sensex Heatmap :: Broad-based buying lifts markets

9:17 AM

Opening Bell

9:16 AM

Opening Bell

9:10 AM

Commodity Heatmap