Sensex ends 214 pts higher amid broad-based buying; Asian Paints gains 4%

All that happened in the markets today

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai.

11:45 AM

Mid- and small-cap funds outperform large-caps in three months

Small- and mid-cap funds have started to outperform large-caps, providing some relief to mutual fund (MF) investors who were holding onto their investments despite the prolonged period of underperformance. Over a three-month period, small-cap funds are up 37.9 per cent, while mid-cap funds fetched returns of 29.9 per cent, showed data from Value Research. READ MORE

investment, investors, savings, money, cash, shares, funds, equity

11:33 AM

BROKERAGE VIEW:: ICICI Securities on HealthCare Global Enterprises

We factor in impact of COVID-19 in our estimates and hence, cut our revenue/EBITDA estimates by 6-13/10-26%. However, we raise target EV/EBITDA to 13x from 11x as the balance sheet strengthens with falling leverage which was the key overhang on valuations. Maintain BUY with a revised target of Rs 156/share based on 13xFY22E EBITDA (earlier: Rs148).

Key downside risks: Higher competition in oncology, and delay in operational turnaround of new centres.

11:25 AM

Should you buy Divi's Lab, SBI Life before they enter Nifty50 in September?

Bharti Infratel and Zee Entertainment will make way for SBI Life Insurance and Divi's Laboratories in the benchmark index Nifty 50 from September 25, NSE Indices, a subsidiary of the National Stock Exchange, said on Thursday. Changes have been made in several indices, including Nifty 500, Nifty 200, Nifty 100, Nifty Midcap 150, Nifty Midcap 100, Nifty Midcap 50, Nifty Smallcap 250, Nifty Smallcap 100 and Nifty Smallcap 50 and host of sectoral indices like energy, MNC commodities and services sector. READ MORE

Markets roar back after Budget shock; Sensex zooms 917 pts, Nifty at 11,980

11:13 AM

Top gainers on BSE at this hour

COMPANY	PRICE(rs)	CHG(%)
STERLING & WILS.	275.30	10.05
JINDAL STAIN.	51.00	8.86
JINDAL STAIN. HI	104.00	7.66
V-MART RETAIL	2080.35	7.58
B H E L	41.30	7.27

» More on Top Gainers

11:00 AM

Max Healthcare freezes at 5% upper circuit, debuts at Rs 112 on the BSE

Shares of Max Healthcare Institute listed at the bourses at Rs 112 per share -- at Rs 112.3 on the BSE and Rs 111.7 on the NSE -- on Friday. The shares were locked in the 5 per cent upper circuit band with a combined 0.82 million shares changing hands within the initial minutes of trade. In June, Max India informed the exchanges that the National Company Law Tribunal (NCLT) had approved the composite scheme of merger and demerger which involved a merger of the healthcare assets of Max India into Max Healthcare and demerger of the residual businesses of Max India into Advaita, a wholly-owned subsidiary of Max India. READ MORE

10:47 AM

BUZZING STOCK:: IDBI Bank hits 10% upper circuit

10:42 AM

Chris Wood hikes gold price target, sees yellow metal at $5,500/ounce

The earlier price forecast, Wood wrote in his weekly note to investors GREED & fear, was based on adjusting the gold price for US per capita disposable income that was invested in gold when the price of the yellow metal hit its peak of $850/oz during the last secular bull market in January 1980. READ MORE

10:33 AM

Nifty rejig announcement: Divi's Lab hits all-time high, SBI Life gains 4%

Shares of Divi's Laboratories and SBI Life Insurance rallied on Friday, a day after the NSE Indices, a subsidiary of the National Stock Exchange (NSE) announced that both the stocks will enter the benchmark index Nifty50 from September 25, 2020. The stock of Divi's Laboratories hit an all-time high of Rs 3,331 in the early trade, up nearly 4.5 per cent against Thursday's close of Rs 3,189.30 with the market capitalisation (m-cap) nearing Rs 90,000 crore. READ MORE

Following the sharp run-up, returns are expected to plateau.

10:28 AM

GMM Pfaudler surges 8% on acquiring majority stake in parent firm

Shares of GMM Pfaudler rose as much as 8.18 per cent to Rs 6,360 on the BSE on Friday after the process equipment manufacturer acquired a 54 per cent stake in its parent firm Pfaudler Group for a consideration of around $27.4 million. GMM, which supplies process equipment to pharmaceutical and chemical industries, has signed definitive agreements to acquire a majority stake in Pfaudler Group from the private equity firm Deutsche Beteiligungs AG Fund VI (DBAG) for the stake. READ MORE

markets, stocks, sensex, nifty, bse, nse

10:16 AM

Future Group stocks rally on report Co may merge subsidiaries; RIL adds 1%

Once the merger is complete, Reliance Industries will be investing Rs 8,500 crore in the merged entity, resulting in the Mukesh Ambani-led conglomerate owning close to 50 per cent in it. READ MORE