Bears return to D-Street after 3 days; Sensex tanks 598 pts, ends below 51K

The US bond yields which have become influential on stock prices, globally, spiked to 1.48 per cent

11:53 AM

Coal India's second interim dividend likely to be Rs 4-5 per share

State-owned Coal India's second interim dividend could be in the range of Rs 4-5 per share as it is working to match the previous year's total dividend amid an outstanding of Rs 25,000 crore, coupled with sluggish demand, sources said on Thursday. The miner had announced Rs 7.5 per share as the first interim dividend in November. 

 

(Source: PTI)

11:45 AM

FPIs bat for common platform to avail Budget benefit on dividends

A clutch of foreign custodians have reached out to the depositories to allow foreign portfolio investors (FPIs) to upload details for availing lower withholding tax on dividends received at the depository account level.

 

The aim is to enable companies to download the requisite information directly from the depositories or from their registrars, making it easier for them to withhold tax after taking into account treaty benefits as applicable.  READ MORE

11:34 AM

IRCTC's shares pick up speed on marked revival in travel activity

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) are up almost 30 per cent since the start of February as investors are betting on the easing of Covid-19 related restrictions and a pickup in vaccination drive to boost travel activity.

 

The stock made a 52-week of Rs 1,989 on Tuesday, and last traded at Rs 1,884.35 on Wednesday on the BSE. READ MORE

11:25 AM

MARKET UPDATE:: Sensex off day's low, but still down over 350 pts

11:18 AM

Power stocks in focus; Adani, Tata, Torrent Power hit 52-week highs

Shares of electric utilities companies were in focus at the bourses on Thursday, with the S&P BSE Power index hitting a 52-week high in an otherwise subdued market amid expectation of higher power demand. Among stocks, Adani Power, Tata Power, Torrent Power, Adani Transmission and NHPC hit their respective 52-week highs and rallied by up to 10 per cent on the BSE. READ MORE

11:02 AM

Nifty sectoral indices at this hour

10:47 AM

How insurance sector will gain from FM Sitharaman's Budget booster

One of the most important yet under-penetrated sectors in India, insurance, has been making headlines for the past few weeks. The spotlight was first put on the sector in early February, when Finance Minister Nirmala Sitharaman proposed to increase the permissible foreign direct investment (FDI) limit in insurance companies to 74 per cent from 49 per cent and allow foreign ownership and control with safeguards. READ MORE

10:37 AM

Top Sensex drags at this hour

10:27 AM

Welspun India's board approves raising up to $100 mn

Home textiles major Welspun India's board has approved raising up to USD 100 million (approximately Rs 750 crore) in one or more tranches.  The board of directors has "approved raising of borrowing of up to a maximum of USD 100 million in one or more form or instruments, including but not limited to loans, ESG Bonds, nonconvertible debentures (NCDs), ECBs, etc, may be raised in form of domestic or overseas issuance... in one or more tranches", Welspun said in a regulatory filing.

(Source: PTI)

10:24 AM

NEWS ALERT :: Yield on Govt 10-yr benchmark bond rises to 6.26%

>> This is the highest level since April 20, 2020

10:15 AM

Equitas SFB hits highest level since listing, zooms 71% against issue price

Shares Equitas Small Finance Bank (SFB), on Thursday, rallied 14 per cent to Rs 56.50, its highest level since listing, on the BSE in intra-day trade on the back of heavy volumes. The bank made its stock market debut on November 2, 2020. With today’s rally, the stock has surged 71 per cent against the issue price of Rs 33 per share.

 

The trading volumes on the counter jumped 1.6 times in the first half-an-hour of trade with a combined 3.6 million equity shares changing hands on the NSE and BSE, till 09:41 am. Currently, the stock was trading 11 per cent higher at Rs 55.35, against 1.5 per cent decline in the S&P BSE Sensex. READ MORE

10:00 AM

Enforcement Directorate slaps money laundering case on Franklin MF

According to sources, while the ED has registered a money-laundering case against the fund house and eight others, the market regulator has issued a show-cause notice and summons to the company and its key personnel who redeemed their investments days or weeks before the closure announcement. READ MORE

9:44 AM

Govt may cut reserve price of spectrum ahead of the 5G auction: CLSA

The government may cut the reserve price of spectrum ahead of the 5G auction, given 63 per cent of spectrum remained unsold at this week’s auction, CLSA said in its investor note. The government had put 2,250 megahertz (MHz) of spectrum on offer. After the two-day auction, it sold 855.6 MHz. READ MORE

9:34 AM

Deepak Nitrite jumps 4%

9:29 AM

Indian Bank gains 2% as Crisil revises bond ratings

>> CRISIL revised Indian Bank's Tier 1, Tier 2 and Infrastructure Bonds ratings to 'stable' from 'negative'.