Saturday, December 28, 2024 | 06:16 PM 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

9:35 AM

BUZZING :: Sadbhav Infra skyrockets 16% on fund raising plan

The company has entered into the Debenture Trust Deed to raise Rs 700 crore from the investors led by Allianz Global Investors and AMP Capital out of which a sum of Rs 550 crore has already been funded by the investors. Further SIPL has sold 7 per cent of units in IndInfravit Trust to CPP Investments for a total consideration of Rs 441 crore.

9:33 AM

IRCTC slips in a firm market on cancellation of trains

The Indian Railways on Thursday cancelled a slew of Rajdhani, Shatabdi and Duronto Express' trains from May 9, stating low patronisation and rising coronavirus cases as the reason behind the decision.

9:32 AM

Praj Industries soars 9% on strong Q4 nos

Industrial biotechnology company Praj Industries reported a consolidated profit after tax (PAT) of Rs 52 crore for the quarter ended March 2021. The company's PAT stood at Rs 24.86 crore in the year-ago period, Praj said in a statement.

9:29 AM

BUZZING :: M&M gains over 2%

The company said it will open an advanced design centre for mobility products in the UK. The company will set up Mahindra Advanced Design Europe in the West Midlands, UK. The new Centre of Excellence will be a part of the Mahindra Global Design Network that includes the Mahindra Design Studio in Mumbai, India, and Pininfarina Design in Turin, Italy.

9:28 AM

Result Reaction :: Adani Transmission hits 52-week high

The company's March quarter consolidated profit more than doubled to Rs 238.42 crore from Rs 94.30 crore posted in the same period last year.

9:26 AM

Result Reaction :: Hero MotoCorp trades mildly in the red

The two-wheeler maker reported a 38.2 per cent YoY increase in net profit to Rs 865 crore for the quarter ended March 31, as sales of its motorcycles and scooters improved on a low base of the year period and rise in demand for entry-level motorcycles in the rural and semi-urban markets.

9:25 AM

Result Reaction :: Tata Consumer Products tanks 5%

The company reported a consolidated net profit of Rs 53.9 crore for the March quarter of FY21 as against a net loss of Rs 76.5 crore in the same quarter during the preceding fiscal. The company’s consolidated revenue from operations for the quarter surged 26 per cent YoY to Rs 3,037.2 crore.