MARKET WRAP: Sensex rises for 5th day, ends 304 pts higher; Titan gains 4%

All that happened in the markets today

2:23 PM

Delisting woes: Vedanta slumps nearly 10%

2:15 PM

Decoded: Why Sebi wants to shorten trade settlement cycle to a day

The regulator wants to reduce the trading settlement cycle to the next day, or T+1. Sebi, in 2013, put out a discussion paper called ‘Risk Management--Safer Markets for Investors’ that discussed the feasibility of a shortened settlement cycle. The paper proposed to move to a T+1 settlement cycle, highlighting challenges in doing so. READ MORE

2:07 PM

Rupee Closing

Rupee ends at 73.32 per US dollar vs Tuesday's close of 73.45/$

2:00 PM

RIL and HDFC twins top contributors to Sensex's gain today

1:52 PM

BROKERAGE VIEW :: Indian economy needs structural fix, says UBS

>> The Indian economy had the worst contraction on record in the June quarter (-24% YoY) due to the pandemic and the ensuing mobility restrictions. The macro dynamics (job creation, debt sustainability) crucially hinge on India's ability to maintain and even boost its underlying potential growth.

>> We estimate India's potential growth slowed to 5.75-6.25% (from 7.1% estimated in 2017) due to a longer-than-expected disruption caused by the pandemic, balance sheet concerns faced by economic agents (the financial sector, corporates and households) and limited fiscal capacity to support growth. This implies difficult economic challenges for many years to come. That said, we believe the renewed focus on productivity- enhancing reforms and investments could help reduce the downside risks (towards sub-5%) emerging in India's medium-term growth outlook.

1:42 PM

Solara Active Pharma surges 19% on heavy volumes, hits record high

Global brokerage Macquarie Capital Securities, on October 6, initiated coverage on the stock with an 'Outperform' rating and a target price of Rs 2,064 in bull-case scenario. READ MORE

1:32 PM

Healthy returns for diagnostic players as business recovers

Diagnostic companies remain in the spotlight, with their business rebounding sharply after a weak June quarter (Q1) performance amid coronavirus-induced nationwide lockdowns. Thyrocare Technologies on Tuesday highlighted that after low revenues in Q1 it had bounced back in the September quarter to report very strong growth of 171 per cent over trailing quarters. This boosted Street sentiment and the stock surged over 28 per cent in two days. READ MORE

1:23 PM

Banks say govt interest waiver will add to costs, spark litigation

Indian bankers fear the government's decision to waive some interest payments on loans under a COVID-19 support plan will create unnecessary work for lenders and lead to more litigation, without providing much of a boost for the sagging economy. READ MORE

1:22 PM

European indices trade higher in early deals

1:12 PM

NEWS ALERT :: Union Ministers Prakash Javdekar, Piyush Goyal to address media on Cabinet Decisions at 3 pm today

1:10 PM

Reliance Industries vs DMart: Why UBS thinks RIL may emerge as the winner

A comparative study by UBS, however, indicates that Reliance Retail is likely to emerge as the sector leader, while its closest competitor Avenue Supermarts (DMart) might fail to capitalise on the digital opportunities arising from social distancing because of Covid-19. READ MORE

1:00 PM

Analysts expect muted YoY performance in Q2FY21 from India Inc

As the market gears up for Indic Inc to unveil its operational and financial performance for the second quarter of fiscal 2020-21 (Q2FY21) this week, most analysts expect a healthy rise in profit after tax (PAT) and revenue on a sequential basis. READ MORE 

12:54 PM

Sebi shields small investors from AT1 bonds, urges 'full discretion'

In a circular, the markets regulator said issuing AT1 bonds must be done compulsorily on the electronic book provider platform. More importantly, issuers and stock exchanges have to ensure that only qualified institutional buyers are issued these bonds. Further, the minimum allotment and trading lot size shall be Rs 1 crore. READ MORE

12:44 PM

Strong Q2 sales performance despite headwinds a positive trigger for Sobha

The stock of Bengaluru-based real estate major Sobha was up 10 per cent in trade on Tuesday, after the company reported a steady sales performance in the September quarter. Despite multiple headwinds for the realty space, the company reported 1 per cent year-on-year (YoY) increase in sales value to Rs 690 crore. READ MORE 

12:33 PM

Decoded: How Sebi's 'risk-o-meter' grading of MF schemes helps investors

The markets regulator, Securities and Exchange Board of India (Sebi), on Monday introduced fresh guidelines to determine the place of a mutual fund (MF) on its riskometer tool. Samie Modak explains the upgraded risk profile depiction system What is riskometer? In 2013, Sebi introduced the concept of ‘product labelling’ for the MF industry. READ MORE