D-St ends flat ahead of Powell testimony; Sensex up 14 pts; auto, IT gain

Maruti Suzuki, up 5 per cent, on the NSE was the biggest gainer on the Nifty today after the company decided to hike vehicle prices in the July-September quarter (Q2FY22) to pass on higher input costs

9:23 AM

BSE SmallCap index outperforms, gains 1.3% in early deals

9:22 AM

BSE MidCap index up 0.8%

9:21 AM

Across-the-board buying; all sectoral indices trade higher

9:20 AM

Sensex Heatmap

Top gainers: Maruti Suzuki, Titan, Tata Steel, Bajaj Finance

Top losers: HUL, HCL Tech, Nestle India, Bajaj Auto

9:18 AM

Opening Bell :: Nifty reclaims 15,800

9:17 AM

Opening Bell :: Sensex up over 200 pts

9:12 AM

Commodity prices in early deals

9:10 AM

Top gainers and losers on the S&P BSE Sensex in Pre-open

9:08 AM

Markets at Pre-open

9:06 AM

Markets at Pre-open

9:02 AM

NEWS ALERT :: Dr. Reddy's Labs announces the launch of Icosapent Ethyl Capsules in the US market

8:57 AM

Top stocks to keep on radar

Indian Bank: The lender on Monday launched its qualified institutional placement (QIP) of shares to raise around Rs 4,000 crore, setting the floor price at Rs 142.15 per share.

 

PNB Housing Finance: Setting aside Sebi's direction, the Securities Appellate Tribunal (SAT) on Monday allowed PNB Housing Finance to go ahead with the shareholders' meeting on Tuesday to consider the proposed Rs 4,000 crore-investment by private equity firm Carlyle and others in the mortgage firm.

 

Jet Airways: The National Company Law Tribunal (NCLT) will pass its order on the Kalrock-Jalan consortium’s plan for revival of Jet Airways today. READ MORE

8:56 AM

Global brokerages on Info Edge

CLSA

O-P | TP cut to Rs 5,470 

Expect rev growth to bounce back sharply by 2Q22 

Operating leverage in biz model should ensure its flow-through into margins

Management remains on lookout for consolidation or expansion plays in each of core Biz

 

Macquarie

U-P | TP Rs 4,220

Sequential improvement in core biz (jobs recruitment) continued with 7% qoq growth in rev in 4Q

Cash balances continue to pile up, while co continues to evaluate investment opportunities both in core biz & investment portfolio

 

Goldman Sachs

Sell | TP Rs 2,760 

Raise FY22E-24E rev est by up to 4% on stronger outlook for recruitment

While co well-placed to capture upside from B2B spends in India moving to digital, see a mismatch between growth outlook & vals

Trades at 88x 12m-fwd EV/EBITDA
 

8:53 AM

Portfolio Shuffle :: Nomura changes Model Portfolio

>> Removes: Apollo Hospitals, Marico & AIA Eng

>> Additions: Concor, Gujarat State Petronet & Tata Con

>> Top picks: INFO, SUN Pharma, AXIS BK, GUJ Gas & MAX Fin

8:51 AM

Credit Suisse assigns 'Underperform' rating to JSW Steel

>> No sign of China steel production cooling yet; inventories rise

>> Coking coal prices have risen sharply to US$176/t (+US$70/t in 1M) & as global ore stays elevated, domestic ore prices remain high

>> Downgraded our view on the sector in May, as we see multiple headwinds to global prices

>> Indian steel names are trading at decade high relative P/B

>> U-P on JSW Steel