Sensex see-saws 325 pts, ends 19 pts down; banks gain; Tata Motors drops 9%

In the broader markets, the BSE MidCap index settled 0.12 per cent higher while the BSE SmallCap index closed 0.26 per cent lower

1:25 PM

WATCH :: OPEC+ deadlock: What UAE-Saudi Arabia tussle means for oil markets

1:11 PM

Q1 business update :: Bajaj Fin's deposits stood at Rs 28,000 cr as on June 30, 2021

1:03 PM

Bajaj Electricals, Whirlpool: Home appliance stocks to bet on this summer

Shares of household appliances companies have seen a mixed trend during the current year, so far. Among individual stocks, shares of Bajaj Electricals and Orient Electric have beaten the overall segment with a surge of 100 per cent 50 per cent, respectively. On the other hand, Blue Star surged over 20 per cent before retracing, while stocks like Symphony Limited and Whirlpool have not delivered any significant return, so far. READ MORE

12:51 PM

Mid-market view : Gaurav Garg, Head of Research, CapitalVia Global Research

In the absence of sufficient indications from global markets, Indian equity indexes traded flat with a positive bias in Tuesday's early trades. Traders found solace in a private report indicating business restart activity increased for the sixth week in a row after the second wave's induced lockdowns were lifted. US markets closed near the high and the investors are firm with the positive sentiments in the market. Asian markets also followed the positive global sentiments and are trading in green zone.
 

We witnessed a positive momentum from Nifty 50 index support level of 15800 and we also witnessed that market breached an important resistance level of 15900. If the market sustains above the zone of 15900-15950, we expect the market to gain momentum, leading to an upside projection till 16100-16200 level.

12:43 PM

SAT to hear matter on PNB Housing Finance-Carlyle deal next week

The Securities Appellate Tribunal (SAT) will hear the case related to the PNB Housing Finance-Carlyle deal next Monday. The order in the matter was expected on July 5, however, it was adjourned for July 12. PNB Housing had filed an appeal before the SAT against the letter issued by the Securities and Exchange Board of India last month, requesting it not to go ahead with the proposal until due diligence was done. READ MORE

12:38 PM

Heatmap at this hour as Sensex climbs off highs

12:28 PM

NEWS ALERT :: Ashok Leyland says plants to work more days in July vs May, June

>> Overall market demand in July better than June

12:24 PM

Sensex extends gains, nears all-time high level

12:21 PM

Multiple growth triggers in place for shares of packaging firms

Investors say, “A rising tide floats all boats." This is true because, when a given industry is doing well, sectors along the value chain of that industry also do well. By this logic, one potential growth area could be packaging.

 

There was some recovery in demand in the FMCG and Personal Care sector in the second half of FY21, and FMCG is a major consumer of packaging.  READ MORE

12:06 PM

AU Small Finance rallies 11% as GNPAs remain stable in Q1 despite lockdown

Shares of AU Small Finance Bank rallied 11 per cent at Rs 1,142 on the BSE in the intra-day trade on Tuesday after the lender said its absolute gross non-performing assets (GNPA) in April-June quarter (Q1FY22) were broadly stable on a sequential basis as net additions (slippages net of recoveries and upgrades) to GNPA declined by Rs 8 crore. READ MORE

11:53 AM

Equity mutual funds may see net inflows for fourth straight month

Equity mutual funds are likely to have registered net inflows for the fourth consecutive month in June. Strong returns over the previous year and positive news on the vaccination front encouraged investors to continue with equity MFs.

 

Though official data has not yet been released, market participants say redemption pressure has slowed, and new sales rose substantially in June. READ MORE

11:52 AM

MARKET UPDATE:: Sensex reclaims 53k

11:41 AM

Sumitomo Chemical soars 11%, hits new high on steady revenue growth outlook

Shares of Sumitomo Chemical India soared 11 per cent and hit a 52-week high of Rs 437.85 on the BSE in intra-day trade on Tuesday on the back of heavy volumes on steady revenue growth outlook. The agrochemicals company's stock surpassed its previous high of Rs 403.05, touched on June 23, 2021.

 

In the past three trading days, it has rallied 16 per cent after the company, in its financial year 2020-21 (FY21) annual report, said that with new product launches planned for the year and for the future years, regular revenue growth is expected to continue in the coming years. READ MORE

11:26 AM

Coforge board approves proposal to raise Rs 375 cr via various instruments

"The board has approved subject to applicable laws and receipt of shareholders and other necessary approvals the fresh issuance of equity shares by the company for the purpose of capital raising, including by way of a depository receipts issue or a Qualified Institutions Placement (QIP) or any other mode, subject to a limit of an amount not exceeding Rs 375 crore," Coforge said in a regulatory filing. READ MORE

11:12 AM

MARKET UPDATE:: Sensex gains momentum