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)

MARKET LIVE: Sensex trades higher in rangebound session; metals in focus

12:56 PM

Gold inches lower on dollar recovery from 2-week trough, low inflation data

Gold edged lower on Thursday as the dollar's recovery from a two-week trough hit in the previous session and a softer U.S. inflation data dampened bullion's appeal. Spot gold fell 0.3% to $1,837.13 per ounce by 0636 GMT, after hitting a more than one-week high on Wednesday. U.S. gold futures slipped 0.3% to $1,837.40. READ MORE

12:45 PM

Dec Quarter Result :: MRF announces interim dividend of Rs 3 per share

>> Profit stands at Rs 520.5 crore

>> Ebitda at Rs 977 crore

>> Ebitda margin at 21%

>> Revenue at Rs 4,642 crore

12:37 PM

Stocks that hit 52-week high on BSE today

Company	PRICE(rs)	52 WK HIGH	CHG(%)
AAVAS Financiers	2340.00	2400.00	-0.86
Adani Enterp.	650.90	656.00	0.00
Advanced Enzyme	379.90	385.00	2.86
Affle India	5094.55	5094.55	10.00
Amber Enterp.	3073.30	3094.30	4.00

» More on 52 Week High

12:26 PM

Chart check: Britannia shares dipped post Q3 results, Will ITC follow suit?

Britannia announced its December quarter results for FY21 (Q3FY21) post market hours on February 5, 2021. In the four trading sessions since (till Wednesday), the FMCG firm's stock has lost 3.2 per cent as compared to the benchmark S&P BSE Sensex's 1.13 per cent gain in the same period. Analysts at Emkay said that Britannia's sales growth of 6 per cent in the quarter under review was "disappointing", even though margin gains remained strong. READ MORE

12:18 PM

Higher staff, input costs to keep Eicher Motor margins under pressure

After reporting a decline in volume growth over the past two quarters, Eicher Motors reported an improvement in sales in the December quarter. Sales of two-wheelers were up 5 per cent to just under the 200,000- mark led by festival demand, as well as on new launches.

Most of growth in the domestic segment came in December; exports, too, contributed the quarterly numbers and were up 44 per cent YoY. READ MORE

12:07 PM

Market Update :: Sensex wipes off gains, trades flat amid losses in HDFC twins, ICICI Bank

11:58 AM

Buzzing Stock :: Titan shares tank 3% post Dec quarter results

11:44 AM

SBI stock may rally another 40% after hitting record high: Analysts

When State bank of India (SBI), with nearly 20-25 per cent market share, records a beat on its quarterly earnings, especially amid a global pandemic, the feat is sure to invite re-rating from analysts. The series of price-target upgrades continued for the sixth consecutive quarter for the state-owned lender as it reported a 7 per cent decline in net profit at Rs 5,196 crore for quarter ended December 2020. That compares with the Rs 4,479-crore consensus estimate of analysts tracked by Bloomberg. READ MORE

11:34 AM

MARKET UPDATE :: BSE Smallcap index jumps 1%; these are the top gainers & losers

11:27 AM

NEWS FLASH :: Page Ind fixes Feb 19 as record date for payment of interim dividend

The company on Wednesday had declared a 2nd interim dividend for FY21 of Rs 150 per equity share

11:18 AM

Surya Roshni shares rise 7% on rating upgrades, stable outlook

Surya Roshni shares, on Thursday, advanced 7 per cent intra-day to Rs 345 on the BSE on the back of heavy volumes after CARE Ratings upgraded the ratings of the company’s the short term bank facilities and commercial paper with reaffirmation of long-term bank facilities. At 10:52 am, the stock was trading 6 per cent higher at Rs 342, as compared to 0.29 per cent gain in the S&P BSE Sensex. READ MORE

ratings, downgrade, credit market, performance,

11:17 AM

Elon Musk wants clean power. But Tesla's carrying bitcoin's dirty baggage

Tesla boss Elon Musk is a poster child of low-carbon technology. Yet the electric carmaker's backing of bitcoin this week could turbo-charge global use of a currency that's estimated to cause more pollution than a small country every year. READ MORE

11:15 AM

Passenger vehicle sales in India up 11% in January: SIAM

Passenger vehicle wholesales in India increased by 11.14 per cent to 2,76,554 units last month, auto industry body SIAM said on Thursday. Passenger vehicle sales in January 2020 stood at 2,48,840 units. As per the latest data by Society of Indian Automobile Manufacturers (SIAM), two-wheeler dispatches to dealers also rose 6.63 per cent to 14,29,928 units, compared to 13,41,005 units in January 2020.

Source: PTI

11:02 AM

Investors may be overplaying Muthoot Finance's growth prospects

Muthoot Finance, the country’s leading gold loan company, has emerged the most popular option among non-banking financial companies (NBFCs), with over 80 per cent of analysts polled by Bloomberg optimistic on the stock. Its stock price has increased over 67 per cent in a year, while its peers haven’t fared well. READ MORE