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)

10:53 AM

Bata India slides 7% as net profit tanks 78% YoY in December quarter

Shares of Bata India skid 7 per cent to Rs 1,462 in the intra-day trade on the BSE on Thuraday on weak earnings show in the December quarter. With today's fall, the stock is trading 21 per cent lower from its 52-week high level of Rs 1,839 touched on February 12, 2020. On the operational front, the company reported a revenue de-growth of 26 per cent year on year (YoY) to Rs 614.70 crore for the quarter under review. READ MORE

10:40 AM

PODCAST :: Here's why the current market rally may not take a breather anytime soon

What has propelled the Indian markets this week? How are foreign flows shaping up? Will the market continue to go up? LISTEN TO THE PODCAST TO KNOW MORE

10:39 AM

Sector Watch :: Nifty FMCG index best sectoral performer

10:26 AM

Most active stocks by volume

Company	PRICE(rs)	CHG(%)
Vodafone Idea	12.41	4.20
Punjab Natl.Bank	39.50	0.13
Suzlon Energy	6.23	2.13
Tata Motors	327.75	-0.36
Allcargo Logist.	134.00	1.44

10:19 AM

Economic recovery reduces slippage risk for Indian PSBs: Moody's

Global rating agency Moody's on Thursday said that India's economic recovery reduces the risk of a sharp deterioration in public sector banks' (PSBs) mildly improving asset quality. However, the capital shortfalls will remain despite a likely government equity infusion and this makes banks vulnerable to unexpected shocks and restricting credit growth. READ MORE

10:11 AM

Magma Fincorp jumps 10% as Adar Poonawala to acquire 60% stake in firm

Shares of Magma Fincorp (MFL) were locked in upper circuit of 10 per cent at Rs 93.40 on the BSE in Thursday's intra-day trade after the company announced that Adar Poonawalla-controlled Rising Sun Holdings will acquire a 60 per cent stake in the non-banking financial company (NBFC) by subscribing to Rs 3,456-crore preferential issue. After the infusion of capital, Magma and its subsidiaries will be renamed and rebranded Poonawalla Finance. READ MORE

9:59 AM

JB Chemicals surges 12%, hits record high on strong Q3 performance

Shares of JB Chemicals & Pharmaceuticals, on Thursday, surged 12 per cent intra-day to Rs 1,213 on the BSE after reporting more-than-doubled net profit at Rs 154.30 for the December quarter (Q3FY21), on the back of strong operational performance. The company had profit of Rs 66.40 crore in the year-ago quarter. The stock surpassed its previous high of Rs 1,150, touched on September 21, 2020. READ MORE

9:50 AM

Sensex off day's low, jumps 180 points

9:46 AM

NEWS FLASH :: Blue Star setting up a new plant at Wada for Rs 130 cr

9:39 AM

Bank of India up 0.6%

>> CCI, on Wednesday, approved Bank of India's acquisition of 49 per cent stake each in BOI AXA Investment Managers and BOI AXA Trustee Services. The company also reported 412 per cent jump in standalone profit after tax at Rs 541 crore in the third quarter ended December on improvement in asset quality and lower provisions.

9:38 AM

Amazon appeals to Supreme Court in Future deal dispute: Sources

Amazon.com Inc has mounted a legal challenge against its partner Future Group's $3.4 billion retail assets sale in India's Supreme Court, three sources told Reuters on Thursday, marking the U.S. firm's latest effort to block the deal. Amazon, locked in legal disputes with Future, alleges the Indian firm violated contracts by agreeing to sell its retail assets to Reliance Industries last year. READ MORE

9:36 AM

Ujjivan Financial Services trades with a red tick

>>The firm reported a consolidated loss of Rs 490.73 crore in the third quarter ended in December 2020. The company had registered a net profit of Rs 74.97 crore in the year-ago quarter.

9:33 AM

Result Reaction :: Greaves Cotton dips 1%

>> The company's consolidated net profit declined by 56.98 per cent YoY to Rs 20.9 crore for the third quarter ended December 31, 2020. The consolidated revenue from operations declined to Rs 494.57 crore in the third quarter as against Rs 520.26 crore in the year-ago period.

9:31 AM

Titan slips in trade post Q3 results

>> The company reported an 11.81 per cent 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.

9:29 AM

Govt to sell 20% stake in NFL; stock trades up

>> The government will sell 20 per cent of its stake in National Fertilizers through an offer for sale and has invited bids from merchant bankers for managing the share sale.