Sensex ends 222 pts higher, Nifty tops 15,150; RIL gains 4%, PSB stocks dip

On the sectoral front, Nifty PSU Bank index declined over 1 per cent on the NSE, followed by losses in the Nifty Auto index (down 0.4 per cent), and the Nifty Realty index (down 0.24 per cent)

3:15 PM

Dec Quarter Result :: PFC clocks net profit of Rs 3,963 crore

>> Revenue at Rs 18,435 crore

3:05 PM

Coal India Q3 results: Net profit declines 21% to Rs 3,084 crore

State-owned Coal India Ltd (CIL) on Thursday reported a 21.3 per cent decline in consolidated net profit at Rs 3,084 crore for quarter ended December 31, 2020 (Q3FY21). It was Rs 3,921.81 crore in the same period a year ago. Sequentially, the profit rose marginally by 4.5 per cent. It was Rs 2,951 crore in the preceding quarter. Revenue from operations during the quarter increased to Rs 23,686 crore from Rs 23,190 crore in the year-ago period, up 2. per cent year-on-year. The company's total expenses stood at Rs 19,592 crore in the latest December quarter. READ MORE

2:55 PM

Recovery from intra-day lows in today's trade

COMPANY	DAY'S LOW(RS)	DAY'S HIGH(RS)	LATEST(RS)	RISE(%)
V-Mart Retail	2480.05	2982.20	2982.20	20.25
Indian Energy Ex	272.00	322.85	308.00	13.24
BASF India	1765.00	2000.00	1950.95	10.54
Prism Johnson	104.35	116.00	114.90	10.11

2:53 PM

Elon Musk's younger brother sells Tesla shares worth $25.6 million

Kimbal Musk, the younger brother of Elon Musk and a Tesla Inc. board member, sold $25.6 million of shares in the electric carmaker, according to a filing with the US Securities & Exchange Commission. The 48-year-old sold 30,000 shares on Feb. 9 at an average price of $852.12, according to the filing. Tesla shares dropped 5.3 per cent Wednesday to close at $804.82. Tesla soared 743 per cent in 2020 and is up a further 14 per cent this year. READ MORE

2:41 PM

Advance-decline ratio at 4:3 on the BSE

2:32 PM

Sebi examines feasibility to introduce freight derivatives contracts

With a view to introduce new products for development of the commodity market, the Securities and Exchange Board of India (Sebi) is examining the feasibility of introducing derivatives contracts on freight.

 

As freight is one of the important cost factors in the commodities market, the regulator said introduction of derivatives on freight whether on rail, road, air or waterways would help the industry to hedge their freight related price risks. READ MORE

2:22 PM

BHEL bags order to supply 2 Super Rapid Gun Mounts for Indian Navy frontline ships

2:10 PM

Route Mobile rallies 20%, Affle India locked in 10% upper circuit

Shares of Route Mobile and Affle India, on Thursday, hit their respective record highs and were frozen in their respective upper limits on the BSE in an otherwise range-bound market. In comparison, the S&P BSE Sensex was up 0.09 per cent at 51,356 points, at 01:28 pm. Route Mobile was locked in 20 per cent upper circuit at Rs 1,527 on the back of heavy volumes. The trading volumes on counter jumped over four-fold with a combined 3.26 million equity shares changing hands. There were pending buy orders for 173,000 shares on the BSE and NSE, exchange data shows. READ MORE

2:01 PM

Explained :: Why Tamilnad Mercantile Bank management is banking on an IPO

Hundred-year old Tamilnad Mer­cantile Bank (TMB), which has been at the centre of an internal feud for nearly two decades, is gearing up for an initial public offering (IPO) later this year.

 

Is this undue optimism on the part of a small, conservative bank roiled by warring shareholders and little known outside its home state? In fact, the IPO is seen as a way of ending the dispute by opening the exit door for some investors even as it allows for price discovery for existing shareholders, most of whom are businesspeople. READ MORE

1:52 PM

Q3 EARNINGS | Graphite India reports profit of Rs 23 crore

-- Revenue dips 22.4% YoY at Rs 499 crore

1:45 PM

Analysts bullish on this Jhunjhunwala favourite post Q3 numbers; here's why

Brokerages retained their bullish views on jewellery maker Titan Company post its December quarter results and revised their earnings estimates upwards in anticipation of a strong growth going ahead. The company, in which ace investor Rakesh Jhunjhunwala holds 5.32 per cent stake as of December quarter, on Wednesday posted an 11.81 per cent year-on-year (YoY) increase in consolidated net profit to Rs 530 crore for the third quarter ended in December 2020, led by income growth in the jewellery division. READ MORE

1:36 PM

RIL alone drives BSE Energy index over 2% higher

1:22 PM

Rs 819-crore RailTel IPO to open on Feb 16; price band set at Rs 93-94

State-owned RailTel Corporation of India on Thursday fixed a price band of Rs 93-94 a share for its initial share-sale, which will open for public subscription on February 16. The initial public offer (IPO) is entirely an offer-for-sale through which government will offload 87,153,369 equity shares, amounting to 27.16 per cent stake, the company said in a statement.

 

(Source: PTI)

1:10 PM

NEWS ALERT | L&T Construction bags orders in the range of Rs 1,000-2,500 cr for Transportation Infra biz

1:04 PM

RESULT REACTION:: MRF dips 3%