RIL, HUL, Airtel help indices log V-shaped recovery; Sensex ends 21 pts up

The correction was deeper in the broader markets where the BSE MidCap and SmallCap indices closed 0.70 per cent and 0.89 per cent down, respectively

10:35 AM

Globus Spirits zooms 50% in a week on strong Q4 nos; stock hits new high

Shares of Globus Spirits hit a new high of Rs 584 after rallying 10 per cent on the National Stock Exchange (NSE) in intra-day trade on Friday. The stock has now zoomed 50 per cent in a week since reporting a more-than-doubled consolidated profit after tax (PAT) at Rs 50.63 crore in the March quarter (Q4FY21), on the back of strong revenue. It had PAT of Rs 19.35 crore in the year-ago quarter. READ MORE

10:27 AM

Most active stocks by volume

Company	PRICE(rs)	CHG(%)	VOLUME
Suzlon Energy	7.52	4.88	33665602
SBI Cards	996.30	-5.19	18741405
Vodafone Idea	9.23	-2.12	17772994
South Ind.Bank	11.30	2.45	5771803
Punjab Natl.Bank	40.60	-1.22	3155631

10:20 AM

Sovereign bonds in India signal growing doubts on RBI's easy policy stance

A spike in inflation reading this week has revived debate among sovereign bond traders in India over how long the central bank could retain its dovish policy stance. The yield on India’s benchmark 10-year bonds surged to its highest since April, while the borrowing cost on Treasury bills rose to the highest in more than a year this week. READ MORE

10:10 AM

Rupee opening

Source: Bloomberg

9:59 AM

Sensex extends decline, down 250 pts now

9:59 AM

All you wanted to know about Chris Wood's investing strategies

Christopher Wood, global head of equity strategy at Jefferies in his weekly notes to investors, GREED & fear, has been sharing his views on his investing strategies and the outlook for various asset classes, including cryptocurrencies over the past few weeks. READ ABOUT HIS VIEWS & INVESTMENT STRATEGIES HERE

9:48 AM

ALERT :: Sensex slips into the red

9:43 AM

MARKET VIEW | Brace for around 5% correction in markets

Macro signals continue to be mixed. While rising CPI inflation (6.3% in May) is a major concern, the performance of agriculture & advance tax numbers ( up 150% in Q1 FY22) are positives. In spite of restrictions imposed in Q1 the GDP growth in FY 22 is likely to touch 9.5% with above 25% growth in corporate earnings. Even though the market is exhibiting resilience, investors should be prepared for around 5% correction. From the global market perspective, it appears that markets have digested the mildly hawkish signal from the Fed. The US 10-year bond yield cooling-off from the high of 1.58 % touched after the Fed announcement to around 1.5% now is an indication that stock markets have shrugged off inflation fears for now.

-- Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

9:33 AM

Top gainers and losers on the S&P BSE SmallCap index

>> Index up 0.25 per cent.

9:31 AM

MidCap index extends loss, underperforms benchmark indices

9:30 AM

Khadim India jumps 13%, hits 52-week high on strong Q4 results

The company reported consolidated profit at Rs 11.52 crore in Q4FY21 as against a loss of Rs 19.87 crore in Q4FY20.

9:29 AM

Natco Pharma slips 1% as Q4 PAT declines 43% YoY

Drug firm Natco Pharma said its consolidated net profit declined by 43 per cent YoY to Rs 53 crore for the fourth quarter ended March 31, 2021. Total income during the fourth quarter stood at Rs 360 crore, down from Rs 477 crore in the fourth quarter of the financial year 2019-20.

9:27 AM

Result impact :: Tube Investment rallies 3.5% on healthy Q4 nos

The company reported standalone net at Rs 129.12 crore for the quarter ending March 31, 2021 as against Rs 73.55 crore during corresponding quarter previous year.

9:26 AM

BEML trades flat ahead of IMG meeting

The inter-ministerial group (IMG) will meet on Friday to finalise the draft request for proposal (RFP) and share purchase agreement (SPA) for privatisation of BEML. The document will give the shortlisted bidders clarity on the liabilities they will have to take on board. 

9:25 AM

Max Financial Services trade mildly in the red

Max Ventures Investment Holdings, promoter of Max Financial Services, on Thursday divested the company's shares worth Rs 783 crore through an open market transaction. Meanwhile, Government of Singapore picked up 60,13,487 shares of the company at Rs 1,000 apiece.