Sensex see-saws 487 pts, ends 14 pts down; HDFC Bank, RIL top laggards

In the broader markets, the S&P BSE MidCap index slipped 0.3 per cent as against the S&P BSE SmallCap index that rose 0.3 per cent

1:24 PM

MARKET UPDATE:: Small-caps outperform

1:19 PM

Finance Ministry plans stimulus package to support economic growth: Report

The finance ministry is working on proposals to bolster the tourism, aviation and hospitality industries, along with small and medium-sized companies, the people said, asking not to be identified as the deliberations are private. The discussions are at an early stage and no timeline for an announcement has been decided, they said. A finance ministry spokesman declined to comment. READ MORE

1:08 PM

Surya Roshni rallies 5%, nears record high ahead of Q4 results

Shares of Surya Roshni moved higher by 5 per cent to Rs 510.90 on the BSE in the intra-day trade on Tuesday ahead of its January-March quarter (Q4FY21) results, slated to be released later in the day. The stock of the company, engaged in steel pipes and strips, lighting, and consumer durables business, was trading close to its record high level of Rs 522 touched on February 9, 2018. READ MORE

12:55 PM

Stocks that hit 52-week high on BSE today in an otherwise rangebound market

Company	PRICE(rs)	52 WK HIGH	CHG(%)
Adani Green	1331.00	1394.00	-2.29
Adani Transmissi	1450.65	1589.30	-5.00
Asian Paints	2902.80	2917.10	2.97
Atul	8600.00	8652.60	-0.68
Berger Paints	817.55	827.30	1.26

12:43 PM

Rise in cyber crime post Covid is growing risk to bank ratings: S&P

The banking sector is becoming more exposed to cyber crime after Covid-19 pandemic accelerated digitalisation and remote working, S&P Global Ratings said on Tuesday. Cyber attacks can harm credit ratings mainly through reputational damage and potential monetary losses, it said in a report titled 'Cyber Risk In A New Era: The Effect On Bank Ratings.' READ MORE

12:34 PM

Barbeque Nation zooms 20% on strong operational performance in Q4

Shares of Barbeque Nation Hospitality were locked in 20 per cent upper circuit at Rs 767.50 on the BSE on Tuesday, after the company's reported consolidated Ebitda (earnings before interest, taxes, depreciation, and amortisation) more than doubled at Rs 56.1 crore in the March quarter (Q4FY21). The company, one of the leading casual dining chains in India, had Ebitda of Rs 24.6 crore in the year-ago quarter. READ MORE

12:20 PM

BPCL may sell some stake in IGL, Petronet to shed promoter status, suggests PTI

12:10 PM

SECTOR WATCH:: Nifty IT index off day's low

12:00 PM

NCLAT ON DHFL RESOLUTION

>> Stays NCLT order directing Wadhawan's offer to be considered

 

>> Heard arguments from counsels of CoC, Administrator

 

>> Heard arguments from counsels of Piramal Ent, Kapil Wadhwan

11:59 AM

BUZZING :: Barbeque Nation soars 19% post Q4 results

11:51 AM

Asian Paints, Berger Paints hit new highs, gain 15% in a month

Shares of Asian Paints and Berger Paints India hit their respective record highs on the BSE in intra-day trade on Tuesday on expectation of strong volume growth to sustain, riding the potential demand shift from unorganised segment. Asian Paints (up 3.5 per cent to Rs 2,917.10) and Berger Paints India (up 2.5 per cent at Rs 827.30) up over 2 per cent on the BSE, surpassed their respective previous highs of Rs 2,871.40 and Rs 824.80, respectively, touched on January 11, 2021. READ MORE

11:41 AM

NEWS ALERT :: Indian govt is preparing another stimulus package, reports Bloomberg

>> Sectors worst hit by Covid to be in focus

>> Fin Min is working to bolster sectors like- tourism, aviation, hospitality along with SMEs

11:33 AM

Barclays pegs India's FY22 GDP growth at 7.7% in bear-case scenario

Barclays has pegged India’s economic growth for fiscal 2021-22 (FY22) – as measured by gross domestic product (GDP) – at 7.7 per cent in the bear-case scenario, if the country is hit by the third wave of the Covid pandemic going ahead. The economic cost, it believes, could rise by at least a further $42.6 billion, assuming another round of similar stringent lockdowns are imposed across the country for eight weeks later this year. READ MORE

11:22 AM

Tata Steel, SAIL: Will metal stocks correct further? Here's what charts say

The breathtaking rally in metal stocks, ever since the global economies began lifting restrictions amid dip in Covid-19 cases, seems to have hit a temporary blip. Valuations appear stretched for most stocks as the Nifty Metal index has clocked a gigantic 237 per cent rally (since March 2020 lows) on the National Stock Exchange as against a 95 per cent leap in the benchmark Nifty50 index, ACE Equity data show. READ MORE

11:13 AM

Higher cost of lead compounds growth challenges for battery makers

For the second consecutive quarter in a row, Exide Industries outperformed its smaller peer Amara Raja on the revenue growth front. The country’s largest battery maker posted a revenue growth of 43 per cent year-on-year for the March quarter, while Amara reported 33 per cent growth for the same period. Though the automotive segment, which includes supplies to automakers as well as sales in the replacement segment, powered the sales of both the players, Amara’s growth was on a higher base. READ MORE