Investors lose Rs 3.6 trillion as Sensex falls 883 pts on Covid-19 woes

The Nifty Pharma index was the only index that ended in thee green, up 0.17 per cent

9:35 AM

Select pharma stocks rally amid record Covid-19 cases

9:31 AM

Everest Kanto leaps over 8% as demand for oxygen cylinders soar in the country

9:29 AM

ICICI Lombard declines over 2.5%

>> ICICI Lombard General Insurance Company reported 23 per cent YoY rise in net profit at Rs 346 crore for March quarter 2020-21. The non-life insurer had posted a net profit of Rs 282 crore in the corresponding period of 2019-20.

9:28 AM

Religare Enterprises tumbles 5%

>> With debt restructuring plan getting approved by a consortium of 18 lenders led by SBI, Religare Finvest Ltd (RFL) is gearing up for new business, Religare Enterprises Chairperson Rashmi Saluja said. RFL, an NBFC arm of Religare Enterprises Ltd, has been barred from undertaking fresh business as it is under corrective action plan (CAP) since January 2018.

9:25 AM

Future Retail slips 2% in a weak market

>> Lenders of the debt-ridden Future Retail have approved a plan to restructure the existing financial debt of the company under an RBI announced resolution framework for Covid-19 related stress. The restructuring plan would now be forwarded for approval to an expert committee, formed by RBI under the chairmanship of K V Kamath.

9:24 AM

Mindtree outperforms in a weak market, trades higher on strong Q4 results

>> The IT firm said its consolidated net profit rose by 53.9 per cent YoY to Rs 317.3 crore in the March quarter on the back of strong operational efficiency, and expressed confidence in logging double-digit growth in FY22.

9:22 AM

HDFC Bank declines 3% as Q4 nos miss Street estimates

>> The private sector lender on Saturday reported a 15.8 per cent YoY rise in its consolidated net profit at Rs 8,434 crore for the quarter ended March 2021. The private sector lender had registered a net profit of Rs 7,280 crore in the corresponding quarter a year ago.

9:20 AM

Sectoral trends on the NSE :: Defensives see restricted losses, cyclicals crack

9:19 AM

Sensex Heatmap :: Index falls 1,100 pts; financials, auto lead the losses

9:18 AM

Opening Bell :: Nifty tests 14,250 in early deals

9:17 AM

Opening Bell :: Sensex drops nearly 900 pts

9:13 AM

Stock picks by Sameet Chavan

NSE Scrip Code – STRIDES PHARMA

 

View – Bullish

 

Last close – Rs 922.15

 

Justification – The PHARMA seems to be in a different orbit altogether since the last 12 months. Mostly all counters from this space have completely compensated for the underperformance as well as boredom they had given for the previous five years. Now, stocks are in a hurry as the recent brief period of time as well as price correction got bought into. STRIDES PHARMA failed to participate in last few days’ rally; but on Friday, we finally witnessed a decisive price and volume breakout from the recent congestion zone. We recommend going long around 912 – 907 for a target of Rs 992 in coming days. The strict stop loss can be placed at Rs 872. READ MORE

9:09 AM

Markets at Pre-open :: Nifty tests 14,300

9:08 AM

Markets at Pre-open :: Sensex plunges 1,000 pts

9:07 AM

Top trading ideas by Ventura Securities

Bajaj Electricals

 

CMP: Rs 1,140

 

Target Price: Rs 1,400-1,700

 

Bajaj Electricals started its recent up move from 474 in December, 2020 and touched a high of 859 in January, 2021. After a minor correction, it saw an aggressive buying, supported by volumes with gap-ups and reached a high of 1,124 in February, 2021. Again, it was subject to minor profit booking after which the stock made bottoms at 925 and 895. READ MORE