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Monday, January 06, 2025 | 01:14 AM ISTEN Hindi

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Sensex ends choppy day 42 pts up; Asian Paints jumps 8%, Tata Steel down 4%

On a weekly basis, both, the Sensex and the Nifty50 indices slipped around 1 per cent each

Image SI Reporter New Delhi
MARKET LIVE: Sensex, Nifty fluctuate; Nifty Metal dips 3%, FMCG stocks gain

1:59 PM

Akshaya Tritiya begins on sombre note; jewellers expect 10-15% sales

Akshaya Tritiya, a highly auspicious day to purchase gold, has started on a sombre note and jewellers are expecting only 10-15 per cent sales as the onset of the COVID-19 second wave, local restrictions and partial lockdowns have affected consumer sentiment.
 
"As most of the states are under lockdown to curb the infections there is almost no business activity. The day of Akshaya Tritiya has begun on a slow note and whatever booking or enquiries are happening it is only through tele or digital medium," All-India Gems & Jewellery Domestic Council (GJC) chairman Ashish Pethe told PTI. READ MORE
1:43 PM

Prince Pipes soars 15%, hits fresh record high as Q4 profit grows 246% YoY

Shares of Prince Pipes and Fittings hit a new high of Rs 659.75, surging 15 per cent on the BSE in the intra-day trade on Friday, after the company reported a 246 per cent year on year (YoY) jump in its profit after tax (PAT) at Rs 97 crore for the fourth quarter of FY21 (Q4FY21) on the back of strong revenue growth. The company, engaged in integrated piping solutions & multi polymer manufacturers with seven strategically located plants across the country, had posted PAT of Rs 28 crore in the year-ago quarter. READ MORE
PVC pipes

1:38 PM

Fall from intra-day high in BSE500 stocks in today's session

COMPANY DAY'S HIGH(RS) DAY'S LOW(RS) LATEST(RS) FALL(%)
Dish TV India 13.46 11.91 12.21 -9.29
Jindal Steel 466.00 388.60 422.75 -9.28
Adani Total Gas 1330.45 1181.45 1211.40 -8.95
Gujarat Alkalies 457.00 416.00 418.95 -8.33
Click here for the full list
1:33 PM

Tata Motors board to meet next week to consider fund-raise proposal

Tata Motors on Friday said its board will meet next week to consider a proposal to raise funds through various means. The board meeting is scheduled to be held on Tuesday, May 18, 2021 to consider and approve the audited financial results for the quarter and financial year ended March 31, 2021. READ MORE

ata Motors upgraded BS6 range of commercial vehicles

1:21 PM

Nifty sectoral indices at this hour

1:15 PM

NEWS ALERT :: Welspun India to start supplies again to Target Corp US

Welspun India has again signed agreement with US-based retailer Target Corp. Co says, until FY16, business with Target Corp accounted for 10% of overall biz
1:14 PM

Platts cuts India's 2021 oil demand by 28%; sees crude topping $70

“Since the dramatic escalation of new cases in mid-to-late February, we have revised down India’s oil demand forecast by 135,000 b/d for 2021 – with downward adjustment of 175,000 b/d for April, 760,000 b/d for May, 830,000 b/d for June and 360,000 b/d for July – down from a forecast of 485,000 b/d made in February,” said Kang WU, head of global demand and Asia analytics at S&P Global Platts. READ MORE

1:01 PM

This smallcap pharma stock has zoomed over 100% in a month

The stock of the smallcap pharmaceuticals company was trading at its 52-week high level. In the past two trading days, it has rallied 44 per cent after the company said its subsidiary Synbiotics has ramped up the manufacturing capacity to meet the requirement of its most effective anti-fungal antibiotic in the post-Covid crisis. In comparison, the S&P BSE Sensex was down 0.29 per cent at 48,551 points. In the past one month, the market price of Ambalal Sarabhai Enterprises has zoomed 111 per cent in comparison to a 0.10 per cent rise in the benchmark index. The stock is listed only on the BSE. READ MORE

12:50 PM

Covid-19 vaccine update :: Russia's Sputnik V priced at Rs 1,000 per dose

>> RDIF’s COVID vaccine Sputnik V is presently priced at Rs 948 + 5% GST per dose, i.e. Rs 995.40

>> Prices will be lowered after local supply begins.

Alert: As part of a limited pilot, the soft launch of the vaccine has commenced and the first dose of the vaccine was administered in Hyderabad today on 14th May, 2021

12:39 PM

Mid-market view | CapitalVia Global Research

Markets traded negatively after facing resistance at higher levels. Traders have taken a cautious route in the market after a lot of agencies revised their GDP growth target after the second Covid wave in India. With the lockdown in various parts of the country continuing to extend, the Retailers Association of India (RAI) said it is becoming increasingly difficult for retailers to retain employees and keep their companies alive, and that capital is needed to inject into the industry. This has added to the negative sentiments in the domestic markets. On Thursday, the US market ended sharply higher, bouncing back from three days of selling fueled by upbeat labor market results. Asian markets were mostly trading in the green, following the positivity in the global peers. 
 
Nifty has continued to trade in a small range below the level of 14,750. The market is aligned to trade in a range between 14,500-15,050 in the coming week as well. If it breaks the level above 14,750 we can expect the market to trade till the level of 15,000-15,050.
12:29 PM

March Quarter Results :: Dr Reddy's Labs net profit stands at Rs 560 crore

>> Revenue: Rs 4,728 crore

>> Ebitda: Rs 1,133 crore

>> Ebitda margin: 24%

>> Dividend: Rs 25/share

12:27 PM

CEAT, Pricol: Auto ancillary stocks look set to rally further, charts show

Despite localised lockdows across states, shares of the auto ancillary firms have held their ground so far at the bourses over the past one month. Shares of Jay Bharat Maruti, for instance, are up 49 per cent over the past one month while those of Automotive Stampings and Assemblies, Motherson Sumi, Wabco India, JBM Auto, Hindustan Composites, Pricol, Minda Corporation, and Munjal Auto Industries are up between 10 per cent and 21 per cent, ACE Equity data show. READ MORE
Market capital of ancillary firms shrink as automobile sector slowdown

12:26 PM

RBI tells lenders to reconsider ties with crypto exchanges, traders

India's central bank is informally urging lenders to cut ties with cryptocurrency exchanges and traders as the highly speculative market booms, despite a Supreme Court ruling that banks can work with the industry, three sources told Reuters. READ MORE

RBI, Reserve Bank of India

12:13 PM

Investors should have 10% of their portfolio in gold, say analysts

While gold has rewarded investors richly over the past three years (compound annual return was 14.8 per cent), it has been in correction mode over the past six months (down 5.8 per cent). If you plan to buy gold jewellery or coins for religious or cultural purposes this Akshaya Tritiya, you may do so. But if you plan to buy the yellow metal for investment purposes, you should be informed about the factors that could have a bearing on its price in the near future. READ MORE
Gold

12:02 PM

40 stocks take up three-fourths of institutional equity ownership in India

The equity ownership pattern of institutional investors for the quarter ended March 31 shows acute concentration of investments, with three fourths of their portfolios in just 40 stocks, a report by Kotak Institutional Equities observes. Forty stocks account for 75 per cent of FPIs’ equity portfolio in India, with HDFC Bank, Reliance Industries and HDFC being the top picks. READ MORE
BSE, Bombay stock exchange

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First Published: May 14 2021 | 8:01 AM IST