Fag-end buying lifts Sensex 260 pts, Nifty tops 14,550; Infosys dips 2.5%

Overall, the Nifty Bank, Pharma, Metal, IT, Financial Services, and Private Bank indices ended up to 1.4 per cent higher

12:40 PM

Dabur India hits fresh record high; m-cap crosses Rs 1-trillion mark

Dabur India, the personal products company, joined the elite club of companies with Rs 1-trillion market capitalization (market-cap) on the BSE, after its share price rose 1.6 per cent to a fresh high of Rs 569.20 in intra-day trade on Thursday in an otherwise weak market. The stock surpassed its previous high of Rs 566, touched on April 9, 2021. READ MORE

 

12:30 PM

ITC, HUL: Is it time to bet on FMCG stocks in an uncertain market?

As per media reports, Kirana stores and supermarkets have seen a 25 per cent spike in weekday grocery shopping volumes, while online grocer Grofers has seen a 30 per cent spike in weekly demand in the markets that have been affected by the second wave, particularly for packaged foods categories. FMCG firms such as ITC, Parle Products, Marico, Emami and CG Corp Global, on their part, have assured uninterrupted supply of their products based on the learnings from the previous year's lockdown. READ MORE

12:17 PM

Q4 results: Metals & mining firms riding high on the commodity price rally

Metal companies are expected to post a stellar performance in the March quarter (Q4FY21) on the back of higher realisations and strong volumes. “We expect Q4 to be a blockbuster for ferrous with never-seen-before profitability with an uptick in realisation of Rs 5,500-6,000 per tonne and possibility of deleveraging to sustain along with higher mix of exports,” analysts at Edelweiss Research said in a report. READ MORE

12:06 PM

NEWS ALERT | March WPI zooms to 7.39% from 4.17% in February

12:04 PM

Hindustan Copper raises Rs 500 cr via QIP issue

State-owned Hindustan Copper (HCL) on Thursday said it has raised Rs 500 crore through issuance of shares to institutional investors. "The qualified institutions placement (QIP) of Rs 500 crore has been fully subscribed," the PSU said in a statement. The funds from the QIP are proposed to be used to fund the ongoing capex/expansion plan of the company. 

(Text Source: PTI)

12:03 PM

Nifty sectoral indices at this hour

11:49 AM

Finolex Industries turns ex-date for 1:5 stock split, hits 52-week high

Shares of Finolex Industries rose 4 per cent to hit a 52-week high of Rs 145 on the BSE in intra-day trade on Thursday after they turned ex-date for stock split in the ratio of 1:5. The company has fixed Friday, April 16 as the record date for the sub-division (split) of one equity share of the face value of Rs 10 into five equity shares of the face value of Rs 2 each. READ MORE

11:41 AM

NEWS ALERT | ICRA upgrades JSPL's long-term rating to 'A' from 'BBB+'; outlook stable

11:37 AM

How to gauge market sentiment using technical analysis techniques

Sentiment is the overall view of market participants about a particular stock or the market as a whole. It is an integral part of the stock market, and a clarity about sentiments helps investors build a broad view of the possible future trend: positive sentiment suggests a bullish outlook, while negative sentiment points at a bearish one. Whenever majority favours a particular sentiment, it is said that the trend and direction are highly robust. READ MORE

11:25 AM

The big, easy 'buy' story in Asia over; remain underweight on India: HSBC

Substantial US stimulus is likely to create an overheating threat to emerging markets (EM) equities, said analysts at HSBC in an April 15 note. The only silver lining for EMs, they feel, is a dip in bond yields that can trigger an upside. The research and brokerage house has maintained an ‘underweight’ rating on India, Taiwan and Pakistan. Hong Kong, Singapore, Thailand and Indonesia is where HSBC remains 'overweight', while remaining 'neutral' on Mainland China, Japan, Philippines, Malaysia and Korea. READ MORE

11:18 AM

Revenue miss, yet brokerages bullish on Infosys post Q4 numbers; here's why

Despite the miss on sequential revenue growth, analysts remain bullish on Infosys as they believe underlying metrics such as headcount addition, fresher hiring along with deal win momentum seen through FY21, should continue to aid the company's growth leadership in FY22 as well. But they believe the near-term correction in the prices is likely. READ MORE

11:10 AM

Sugar shares rally in a weak market; Balrampur Chini surges 9%

Shares of sugar companies, on Thursday, rallied up to 9 per cent on the BSE in intra-day trade in an otherwise weak market on expectation of improved earnings growth in the March quarter (Q4FY21). The improvement is expected to come on the back of the subsidy announced in December 2020 and a strong momentum in exports. READ MORE

11:09 AM

NEWS ALERT :: CCI approves acquisition of DHFL by Piramal Capital & Housing Finance

>> Piramal's acquisition of DHFL will not have any appreciable adverse imapct on competition

Alert: Piramal Group's bid for DHFL was approved by Committee of Creditors in January 2021.
         DHFL was put under insolvency in 2019.

Source: TV reports

11:01 AM

NEWS ALERT

10:58 AM

Ebit margin drop, BFSI boost: Analysts' expectation from Wipro's Q4 nos

Amid expectations of a strong performance by the information technology (IT) services sector in the fourth quarter of the financial year 2020-2021 (Q4FY21), analysts expect Wipro to post steady growth, driven by a ramp-up in deals and continued momentum in Consumer, Technology and Healthcare verticals. However, margins are likely to contract sequentially largely due to wage inflation. READ MORE