Saturday, December 28, 2024 | 02:54 AM ISTEN Hindi

Sensex gains 257 pts, ends above 49K; Nifty holds 14,800; Nifty Metal up 5%

Tata Steel, Hindalco, JSW Steel, Adani Ports, SBI Life, M&M, and HDFC were the top Nifty gainers

SI Reporter New Delhi

stock market, markets, bull, bear, trading, nse, bse, sensex, nifty, rally, coronavirus, covid, lockdown

11:25 AM

Tata Consumer Products declines 6% on weak operational performance in Q4

Shares of Tata Consumer Products dipped 6 per cent to Rs 614.25 on the BSE in the intra-day trade on Friday after the company reported a per cent rise in its consolidated earnings before interest, taxes, depreciation, and amortization (Ebitda) at Rs 317 crore for the quarter ended March 2021 (Q4FY21). Ebitda margin, too, contracted by 253 basis points (bps) to 10.44 per cent from 12.97 per cent in Q4FY20. READ MORE

11:14 AM

Small- and mid-cap stocks in chemical and pharma space outperform

Small and mid cap stocks in the chemical and pharmaceutical sectors have been among key gainers over the last month. HDFC Securities in a recent report highlighted that a majority of the better known names within this space have gained over 20 per cent since mid-April.

The upward move, according to them, is due to the China+1 strategy adopted by international buyers, higher commodity costs due to supply disruption and Covid related demand upsurge. READ MORE

11:00 AM

India offers to lift regular Saudi oil volumes in June after May cuts

Indian state refiners on Thursday placed orders for regular supplies from Saudi Aramco for June, after reducing purchases this month, drawn by lower prices by the world's top oil exporter, four sources said on Thursday. The refiners - Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals Ltd - normally buy 14.8 million-15 million barrels of Saudi oil a month. READ MORE

10:51 AM

Result today :: HDFC's Q4 PAT may jump up to 50% YoY amid decline in provisions

Sharekhan

With one of the most cautious estimates, the brokerage estimates HDFC’s net profit at Rs 2,770 crore, up around 20 per cent YoY and down 5 per cent QoQ. The operating profit, too, is seen declining around 1.5 per cent on a quarterly basis, but up 9 per cent YoY, to Rs 3,832 crore.

However, it expects HDFC to deliver a 12 per cent AUM growth led by a strong retail growth. Core NIM, it adds, is likely to expand due to improved business traction. READ MORE

10:40 AM

NEWS ALERT :: Tata Motors increases Passenger Vehicle prices

Tata Motors has announced that effective 8th May, it will increase prices of its passenger vehicles, averaging 1.8%, depending on the variant and model.

However, Tata Motors will offer protection from the price increase to customers who have booked Tata passenger vehicles on or before 7th May.

10:35 AM

Praj Ind jumps 11%, hits new high on robust Q4 nos; stock up 100% in 3 mths

Shares of Praj Industries hit a new high of Rs 276.80, as they rallied 11 per cent on the BSE in intra-day trade on Friday after the company's consolidated net profit more than doubled to Rs 52 crore for the quarter ended March 2021 (Q4FY21), on the back of higher operating income. The company had reported a profit of Rs 24.86 crore in the year-ago quarter. READ MORE

stocks, markets, stock market, broker, trader

10:29 AM

MARKET VIEW :: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

The Indian stock market is part of the global bull market and its resilience toward rising Covid-19 cases mainly arises from the 'hope trade' being fuelled by the expectation that the second wave will peak in May and the economy will quickly rebound. Moreover, Q4 results have been broadly above expectations. The market may continue to be resilient.

That said, investors need to be cautious since uncertainty is high and the second wave may impact the economy and earnings worse than presently expected.

It makes sense to partially book profits and move some money to the safety of fixed income"

10:24 AM

Top gainers on the BSE at this hour

Company	PRICE(rs)	CHG(%)
South Ind.Bank	9.07	12.81
ERIS Lifescience	675.60	12.30
Hindustan Copper	166.75	6.62
MMTC	45.10	5.87
Raymond	346.95	5.73

» More on Top Gainers

10:13 AM

Vedanta regains Rs 1-trillion m-cap; stock surges 7%, hits 3-year high

The stock was trading at its highest level since May 2018. Vedanta was trading higher for the fourth straight day, surging 12 per cent in that period. In the past six months, the stock has outperformed the market by zooming nearly 200 per cent, as compared to 18 per cent rise in the S&P BSE Sensex. READ MORE

10:04 AM

Rupee opening

Rupee opens stronger at 73.63 per US dollar vs Thursday's close of 73.76/$

9:58 AM

SBI Life Insurance surges 7%, hits record high after large block deals

Till 09:21 am, around 41.3 million equity shares, representing 4.13 per cent of the total equity of SBI Life Insurance had changed hands on the BSE, the exchange data shows. The names of the buyers and sellers were not ascertained immediately. READ MORE