Sensex ends 174 pts up, Nifty near 15,800; IT, pharma indices hit new peaks

Backed by firm global cues, the frontline S&P BSE Sensex hit an all-time-high of 52,641.5 while the broader Nifty50 index claimed 15,835.5-mark in morning deals

3:45 PM

Sectoral trends on the NSE

3:43 PM

Sensex Heatmap at Close

Top gainers: Dr Reddy's Labs, Power Grid, TCS

Top losers: Axis Bank, Bajaj Finserv, L&T

3:33 PM

CLOSING BELL

A fag-end weakness in banking, realty, and FMCG counters dragged the markets off highs. By close, the BSE barometer was at 52,475 levels, up 174 points or 0.33 per cent while the 50-share Nifty index ended at 15,799 levels, up 62 points or 0.39 per cent.

3:28 PM

IPO Alert :: Dodla Dairy Limited Initial Public Offer to open on June 16, 2021

Price Band fixed at Rs. 421 to Rs. 428 per equity share

Offer to remain open from Wednesday, June 16, 2021 to Friday, June 18, 2021

The IPO consists of a fresh issue aggregating up to Rs 500 million and an Offer for Sale of up to 10,985,444 Equity Shares

3:24 PM

Virgin Atlantic leans on TCS to power growth, transformation-led growth

Tata Consultancy Services (TCS), announced that it has expanded its strategic partnership with Virgin Atlantic, one of the UK’s leading airlines, to help the latter embark on a new phase of recovery and growth.

 

The enhanced partnership builds on a 17-year relationship between the two organisations and will see TCS take exclusive responsibility for end-to-end operational management and digital transformation. READ MORE

3:12 PM

Nifty Pharma index hits new high; Aurobindo, Dr Reddy's gain over 3%

Shares of pharmaceutical companies continued their upward journey at the bourses, with the Nifty Pharma index hitting a new high for the third straight day on Friday, amid strong gain in Aurobindo Phamra, Dr Reddy’s Laboratories and Cadila Healthcare, which rallied up to 5 per cent, each, on the National Stock Exchange (NSE). READ MORE

2:56 PM

European shares hit record high, bond yields fall as inflation fears ease

Shares gained on Friday and bond yields fell from the United States to Europe as investors shrugged off rising U.S. consumer prices, even as fears of longer-term inflation lingered. The Euro STOXX 600 added 0.3% to hit a record high and was on course for a sixth straight day of gains. London shares gained 0.6%, helped by a 1% gain for the mining sector, while Paris climbed 0.4%. READ MORE

2:44 PM

BREAKING NEWS :: Supreme Court rejects plea seeking loan moratorium

Supreme Court rejects plea seeking loan moratorium, interest waiver, and financial reliefs from the govt,  

 

SC observes that it is not for the courts to dictate govt policies & that it is not an expert in matters of finance

Source: TV reports

 

2:41 PM

Nomura ups India's 2022 GDP forecast to 7.7%; sees inflation at 5.3%

“We raise our 2021 and 2022 current account (CA) deficit forecasts to 1.5 per cent and 1.3 per cent of GDP, respectively (from 1.1 per cent and 0.8 per cent), and CPI inflation to 5 per cent and 5.3 per cent (from 4.9 per cent in both years). We also pencil-in an additional 25bp repo rate hike in Q3 2022,” wrote Sonal Varma, managing director and chief India economist at Nomura, in a recent co-authored note with Aurodeep Nandi. READ MORE

2:26 PM

NEWS ALERT | Krishna Institute of Medical Sciences Limited’s IPO to open on Wednesday, June 16, 2021

-- Price band of Rs 815 to Rs 825 per equity share of face value of Rs. 10 each (“Equity Shares”)

-- Bid /Offer Opening Date – Wednesday, June 16th, 2021 and Bid/ Offer Closing Date – Friday, June 18th, 2021

-- Minimum Bid Lot is 18 Equity Shares and in multiples of 18 Equity Shares thereafter

-- The floor price is 81.50 times the face value of the Equity Shares and the Cap Price is 82.50 times the face value of the Equity Share

2:26 PM

OPEC+ will need to boost output to meet 2022 demand recovery: IEA

"OPEC+ needs to open the taps to keep the world oil markets adequately supplied," the Paris-based energy watchdog said, adding that rising demand and countries' short-term policies were at odds with the IEA's call to end new oil, gas and coal funding in a stark report issued last month.

 

"In 2022 there is scope for the 24-member OPEC+ group, led by Saudi Arabia and Russia, to ramp up crude supply by 1.4 million barrels per day (bpd) above its July 2021-March 2022 target," it said in its monthly oil report. READ MORE

2:17 PM

Gayatri Projects slips 18% after NHAI declares company as non-performer

Shares of Gayatri Projects slipped 18 per cent to Rs 31 on the BSE in intra-day trade on Friday, amid heavy volumes, after the National Highways Authority of India (NHAI) declared the company a non-performer and prohibited from participating in the ongoing and future bids for the road projects till defects and deficiencies in one of the company’s projects were rectified. READ MORE

2:11 PM

BSE IT index hits record high; Wipro, Tech M too scale new peaks

Shares of information technology (IT) companies were in demand on the bourses on Friday with Wipro and Tech Mahindra hitting all-time highs, while Tata Consultancy Services (TCS) and Infosys were quoting close to their respective record highs on the BSE. Besides Wipro and Tech Mahindra, a total 10 stocks including Mastek, Mindtree, Happiest Minds Technologies, Mphasis and Coforge too hit their new highs in Friday's intra-day deals. READ MORE

2:06 PM

Chinese ride-hailing firm Didi reveals $1.6-bn loss in IPO filing

The company in its first public filing for the IPO listed the offering as $100 million, a placeholder that will change when the company discloses terms for the share sale. Didi filed Thursday under the business name Xiaoju Kuaizhi Inc., with Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co. leading the offering. READ MORE

1:58 PM

NEWS ALERT :: Ashoka Buildcon wins project worth Rs 726 crore