Sensex ends choppy day 111 pts up; Mid-, small-cap indices hit record peaks

The BSE MidCap index touched a new record high level of 21,717 while the BSE SmallCap index hit 23,338

1:45 PM

March Quarter Results :: Ramco Cements

>> PAT: Rs 210 crore

>> Revenue: Rs 1,630.6 crore

>> Ebitda: Rs 449.1 crore

>> Ebitda margin: 27.5%

1:41 PM

Container Corporation rallies 10% on strong revenue performance in Q4

Shares of Container Corporation of India (CONCOR), on Monday, hit a 52-week high of Rs 644.95 after rallying 10 per cent on the BSE in intra-day trade on the back of heavy volumes after the company said its board has accorded in-principle approval for exploring the possibility of borrowings an amount not exceeding Rs 3,500 crore by the company from any bank(s)/ corporate(s) and institution(s) towards executing long term lease agreement(s) for Railway Land(s). READ MORE

1:38 PM

Oil prices regain some losses amid potential Iran hitch

Oil prices rose on Monday as a potential snag emerged in reviving the 2015 Iran nuclear deal that could add more oil supply, while Goldman Sachs said the case for higher prices remains intact even with increased Iran exports. Brent crude oil futures for July rose 72 cents, or 1.1%, to $67.16 a barrel by 0651 GMT, while U.S. West Texas Intermediate for July was at $64.25 a barrel, up 67 cents, or 1.1%. READ MORE

1:27 PM

Voting on Suraksha offer for Jaypee Infra deferred; bidders get more time

A Committee of Creditors (CoC) decided on Monday to give another chance to both bidders of Jaypee Infratech to submit revised bids, hours before lenders were to vote on Suraksha group's proposal. Suraksha group and NBCC India are in the race to buy Jaypee's assets after the company defaulted to Rs 22,000 crore of loans. READ MORE

1:15 PM

Dr Reddy's lines up Rs 1,000 cr capex for current fiscal on growth outlook

Drug major Dr Reddy's Laboratories has earmarked a Capex of around Rs 1,000 crore for the current fiscal as it remains positive about sustaining its growth trends in the current fiscal and beyond, as per a top company official.

 

The Hyderabad based firm invested about Rs 1,000 crore in the 2020-21 fiscal. READ MORE

1:15 PM

NEWS ALERT :: Curfew extended in Uttarakhand

1:05 PM

Fall from intra-day high in BSE500 stocks in today's session

COMPANY	DAY'S HIGH(RS)	DAY'S LOW(RS)	LATEST(RS)	FALL(%)
HFCL	50.60	45.00	45.85	-9.39
Natco Pharma	1188.95	1080.00	1082.10	-8.99
India Cements	210.90	197.25	197.40	-6.40
Hindustan Zinc	351.05	328.10	331.30	-5.63

12:58 PM

Shares of Punjab & Sind Bank jump nearly 7% after turning profitable in Q4

Shares of Punjab & Sind Bank on Monday jumped nearly 7 per cent as the company turned profitable in the fourth quarter of FY21 after eight consecutive quarters of losses. The stock rallied 6.60 per cent to Rs 21.80 on BSE. On NSE, it jumped 6 per cent to Rs 21.80. The state-run bank turned profitable in the fourth quarter of FY21 after eight consecutive quarters of losses, posting a profit after tax of Rs 161 crore on the back of improvement in recoveries and decline in bad loans. READ MORE

12:48 PM

Long-term investing gaining traction among mutual fund investors

Equity mutual funds (MFs) have proved to be a good source of sticky money for the stock markets. The average holding period for retail investors in equity mutual funds is more than 24 months in 55.3 per cent cases. The proportion improved from 48.7 per cent a year ago.

 

The stellar run in stock prices and improved awareness has led to an increase in holding period for investors, say industry players. READ MORE

12:40 PM

Crypto recovery stalls as miners halt Chinese operations due to scrutiny

Cryptocurrencies fought to find a footing on Monday after even weekend cheerleading from Tesla boss Elon Musk seemed unable offset selling pressure from spooked investors or nerves stemming from a gathering crackdown on the asset class in China. Musk had lent a bid on Saturday by tweeting support for crypto in "the true battle" with fiat currencies. READ MORE

12:29 PM

Market gives steady compounding return in mid-to-long term: Manish Gunwani

Generally, our diversified equity funds are benchmark-oriented and we do not believe in timing the market too much and do not take any big cash calls. The market offers a steady compounding return in the medium-to-long term. Hence, we are not changing our investment process too much. READ COMPLETE INTERVIEW HERE

Manish Gunwani, CIO-equity investments at Nippon India Mutual Fund

12:20 PM

Gold hovers near 4-1/2-month high on tepid dollar, inflation jitters

Gold prices climbed on Monday to hover near a 4-1/2-month high, supported by a weaker U.S. dollar and growing inflationary pressure, while a slide in cryptocurrencies further lifted the safe-haven metal's appeal. Spot gold was up 0.2% at $1,883.21 per ounce by 0301 GMT. Last week, gold prices hit their highest level since Jan. 8 at $1,889.75. READ MORE

12:10 PM

Hero MotoCorp gains 3% on resumption of production at all facilities

Shares of Hero MotoCorp (HMCL) were up 3 per cent at Rs 2,961.75 on the BSE in intra-day trade on Monday after the company resumed production at all its facilities from today. Hero MotoCorp - the world’s largest manufacturer of motorcycles and scooters – on Saturday said that the company is gearing up towards a gradual resumption of operations by starting production at all its manufacturing plants in India from Monday, May 24. READ MORE

12:01 PM

Chart check: SBI Q4 result fuels rally in PSU banks. Should you buy?

Stocks of public sector banks (PSBs) were on a tear on Monday, their rally fuelled by stellar March quarter results by India's largest PSB State Bank of India (SBI). Nifty PSU Bank index was the top performing stock on the National Stock Exchange (NSE), up 2.7 per cent at 11:21 AM, as against a 0.34 per cent gain in the benchmark S&P BXSE Sensex. READ MORE

11:51 AM

India Cements March quarter results

>> Revenue at Rs 1450 cr vs Rs 1152 cr YoY

 

>> PAT at Rs 71 cr vs loss of Rs 112 cr YoY