Sensex slips for 3rd day, drops 379 pts, Nifty defends 15,100; ONGC up 8%

Sectorally, the Nifty PSU Bank index jumped another 5.6 per cent today, while the Nifty CPSE and Energy indices settled up to 4 per cent higher

10:26 AM

NEWS FLASH :: Arvind Fashions announces Rs 200 crore rights issue

- The company board approved the issue of 1,48,02,856 partly paid-up equity Shares of face value of Rs 4 each at an issue price of Rs 135 per equity Share for an amount aggregating up to Rs 199.84 crore. 

 

- The shares would be issued in the ratio of three rights equity shares for every 20 held by the equity shareholders in the Company as on the record date.

 

10:17 AM

PSU banks, Magma Fincorp drive S&P BSE SmallCap index near record high

Indian Overseas Bank and Central Bank of India rallied 20 per cent each while Bank of Maharashtra was up 10 per cent on the BSE today. In the past one week, these banks have surged between 64 per cent and 67 per cent on report that the government has shortlisted these mid-sized state-run banks, along with Bank of India, for privatisation. READ MORE

10:05 AM

NEWS FLASH :: L&T wins significant order from NPCIL

The construction arm of L&T secured a significant order in the nuclear sector from Nuclear Power Corporation of India Limited (NPCIL) for its Heavy Civil Infrastructure business in India to construct the Main Plant Civil Works of the Kudankulam 5&6 units.

 

- L&T defines 'significant' orders as the ones in the range of Rs 1,000 to 2,500 crore 

 

9:57 AM

Financials among top Sensex drags in early trade

9:56 AM

Most active stocks by volume

Company	PRICE(rs)	CHG(%)
Central Bank	24.04	19.96
I O B	19.00	19.95
Vodafone Idea	11.81	-0.67
Bank Of India	93.10	9.98
B H E L	40.05	-0.12

9:47 AM

Nomura prefers India over Korea; ups rating to overweight in Asia portfolio

“A number of recent positive developments in India lead us to change our stance to an Overweight (from Neutral) in our regional Asia-ex-Japan (AeJ) allocation. We view India as a counterweight to North Asia as a large liquid market that – despite its strong run recently – does provide a hedge in portfolios. We are modestly reallocating to India from Korea – although we remain Overweight on Korea (alongside China and Indonesia),” wrote Chetan Seth and Nirransh Jain of Nomura in a February 17 co-authored report. READ MORE

9:36 AM

VA Tech Wabag hits 52-week high in a volatile market

>> The company has achieved financial closure for its Hybrid Annuity Model project received from Kolkata Metropolitan Development Authority.

9:34 AM

IndiaMART InterMESH opens QIP; stock jumps 7%

>> The company opened QIP issue February 17 with a floor price of Rs 9,065.61 per share.

9:31 AM

Jubilant FoodWorks appoints Ashish Goenka as its CFO; stock mildly higher

9:29 AM

GAIL advances 4%

>> The share buyback offer will open on February 25 and close on March 10.

9:27 AM

Dish TV surges over 4.5% on fund raising plan

>> The company's board approved raising funds of up to Rs 1,000 crore on Wednesday. The company and its promoters also settled with Sebi cases of alleged disclosure lapses after paying nearly Rs 45 lakh as settlement charges.

9:25 AM

Bharti Airtel trades half a per cent higher

>> The company will acquire 20 per cent stake in its DTH arm Bharti Telemedia from an affiliate of Warburg Pincus for about Rs 3,126 crore.

9:22 AM

Sectoral trends on NSE :: Metal, PSB stocks charge ahead

9:20 AM

Sensex Heatmap :: ICICI Bank, M&M cap gains

9:18 AM

Opening Bell