Indices end choppy day in the red; Sensex dips 31 pts; banks, metals bleed

Broader markets, meanwhile, remained better placed. The S&P BSE MidCap and SmallCap indices each ended around 0.4 per cent higher

3:23 PM

NEWS ALERT :: FM's press conference begins

>> Nirmala Sitharaman and Prakash Javadekar are scheduled to hold PC on cabinet decision.

3:10 PM

This Adani Group stock has zoomed over 1,000% from March 2020 low

Shares of Adani Green Energy, on Monday, hit a new high of Rs 1,245, up 4 per cent on the BSE in intra-day trade, thus surpassing its previous high of Rs 1,220, touched on November 24, 2020. With today’s gain, the stock has zoomed 1,004 per cent from its 52-week low level of Rs 112.70, hit on March 17, 2020. READ MORE

3:00 PM

Covid influenced 84% of ultra-wealthy Indians to rethink succession plans

Knight Frank, an international property consultancy, in their Attitudes Survey 2021, cited that 84 per cent of Indian ultra high net worth individuals (UHNWIs) have reassessed their attitudes to succession planning in light of Covid-19.

 

UNHWI's from countries such as Canada (90 per cent), Turkey (85 per cent) and South Africa (80 per cent) has primarily redefined succession planning; globally, around 60 per cent of UHNWIs have reassessed their succession planning during the pandemic. READ MORE

2:48 PM

Stocks that hit 52-week high on BSE today

Company	PRICE(rs)	52 WK HIGH	CHG(%)
3M India	27985.65	28600.00	1.79
Adani Green	1213.25	1245.00	1.33
Coforge	2988.65	3013.05	5.73
Deepak Fertiliz.	232.60	238.00	-0.11
Edelweiss.Fin.	88.40	91.70	3.03

2:44 PM

NEWS ALERT :: Adani, JSW Energy emerge winners in India 1.2 GW wind power bids

(Source: Bloomberg)

2:35 PM

NEWS ALERT :: Gland Pharma enters into an agreement to supply up to 252 million doses of Sputnik V

>> Gland Pharma will be leveraging its manufacturing capabilities for the production of Sputnik V COVID-19 vaccine. The agreement will see Gland Pharma utilising its Drug Substance and Drug Product facilities at its sites in Hyderabad. The production is expected to commence from third quarter of 2021 for estimated delivery starting from fourth quarter of 2021.

2:33 PM

BUZZING STOCK:: MPhasis surges 6% in an otherwise volatile market

2:23 PM

Sensex Heatmap at this hour

2:14 PM

Relay Strike: PSU non-life & life insurance staff to go on strike

The unions in the non-life and life sectors will be going on strike protesting against the government's decision to privatise one of the general insurance companies, increasing foreign direct investment limit to 74 per cent and divest stakes in LIC by an initial public offer (IPO), union leaders told IANS. READ MORE

2:05 PM

European markets check

(Source: Reuters)

1:54 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(%)
Bliss GVS Pharma	123.40	104.30	104.30	-15.48
Meghmani Organ.	128.15	113.65	115.40	-9.95
VRL Logistics	259.95	239.55	240.00	-7.67
Guj Pipavav Port	106.25	99.00	99.70	-6.16

1:45 PM

NEWS ALERT :: Union Ministers Nirmala Sitharaman & Prakash Javadekar to brief press on Cabinet decisions

>> Press briefing is scheduled at 3 PM today

1:43 PM

Intellect Design Arena trades higher for 6th day; stock hits record peak

Shares of Intellect Design Arena hit a new high of Rs 609.40, surging 17 per cent on the BSE, in the intra-day trade on Tuesday on the back of heavy volumes. Trading volumes on the counter jumped nine-fold today with a combined 3.4 million equity shares changing hands on the NSE and BSE till 01:14 pm. The stock of the IT software products company was trading higher for the sixth trading days, surging 32 per cent during the period. Besides, in the past two months, the stock has zoomed 81 per cent as compared to a 3 per cent gain in the S&P BSE Sensex. READ MORE

1:35 PM

Analysts game for Rakesh Jhunjhunwala-backed Nazara Technologies

Nazara Technologies is an Indian gaming and sports media platform with presence in India, North America, Africa and Middle East. Its product portfolio includes offerings across interactive gaming, eSports and gamified early learning ecosystems like World Cricket Championship & Carrom Clash in mobile games, Kiddopia in gamefied early learning, Nodwin & Sportskeeda in eSports and eSports media, and Halaplay and Qunami in skill-based, fantasy and trivia games. READ MORE

1:28 PM

Bet on these winners from Ashish Kacholia's portfolio for more gains

Poly Medicure Limited (POLYMED): The consolidation breakout has tripled the stock price, as per the monthly chart. Although this move may see some profit-booking, until the stocks holds the support of Rs 720 levels, the profit booking may see a reversal towards the uncharted territory of Rs 1,000 and Rs 1,200 levels. The stock price is continuously witnessing buying momentum in the overbought territory of Relative Strength Index (RSI), reflecting the inherent strength. READ MORE