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

11:45 AM

Stocks that hit 52-week high on BSE today in an otherwise volatile market

Company	PRICE(rs)	52 WK HIGH	CHG(%)
Adani Green	1329.45	1365.45	2.23
Adani Transmissi	1505.55	1524.90	3.53
Atul	8688.85	8752.00	1.36
Bharat Electron	159.00	159.90	0.92
Birlasoft Ltd	302.30	312.00	12.99

11:34 AM

US business economists foresee best growth in 37 years, reveals survey

The nation's business economists have grown much more optimistic about the US economy this year, with a majority predicting that increased vaccinations, stronger job gains and further government aid will accelerate growth to its fastest pace in nearly four decades. A survey being released Monday by the National Association for Business Economics found that its panel expects the economy to expand 6.5 per cent this year. That would be the sharpest such increase since 1984, when the nation was also emerging from a deep recession. READ MORE

11:23 AM

Butterfly Gandhimathi Appliances rallies 45% in a week on strong Q4 results

Shares of Butterfly Gandhimathi Appliances soared 19 per cent to Rs 923.85 on the BSE in intra-day trade on Monday. The stock has now rallied 45 per cent in the past one week, after the household appliances company reported a profit after tax (PAT) of Rs 9.9 crore in March quarter (Q4FY21), on the back of healthy revenue growth. The company had posted a net loss of Rs 7.6 crore in Q4FY20.

 

The company reported strong revenue growth of 86.4 per cent year on year (YoY) to Rs 206.20 crore in Q4FY21. The healthy growth was on the back of enhanced customer interest in kitchen appliances due to accentuated preference for home cooked food. READ MORE

11:10 AM

Buzzing :: Canara Bank jumps 4.5% amid heavy volumes

11:00 AM

Cryptocurrency - Is it worth including in your portfolio?

In the past six months, cryptocurrencies have seen their prices skyrocket on the back of tweets, comments on social media, and advice from random people some of who barely know anything about how cryptocurrencies work. There are now over 4,000 in Crypto currencies in circulation in 2021 vs 180 sovereign currencies recognized as legal tender in United Nations (UN) member states. READ MORE

10:48 AM

Value investing :: Judging 'value', through another lens, and in real terms

The style of investing that has attracted maximum derision in the last decade, it is value investing. The aftermath of the 2008 crisis in which Central Banks flooded economies and markets with liquidity, effectively crushed the risk-free rate down to levels unseen before.

 

The effect it had on growth equities was astonishing: the FAANG trade was born roughly one year after the GFC, and did not look back till the end of 2020.  READ MORE

10:38 AM

Markets underestimating oil demand; see Brent at $80: Goldman Sachs

Global markets are currently underestimating the demand for oil as more economies open up for business, says a recent report by Goldman Sachs that expects Brent to hit $80 per barrel going ahead. Recently, S&P Global Platts, too, had forecast oil prices hitting and staying above $70 a barrel by mid-2021, driven by a more broad-based pickup in economic activity amid widening vaccination rollouts. READ MORE

10:23 AM

MARKET VIEW | V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Covid-19 data has been a major determinant of market moves for some time now. Steady decline in fresh Covid cases (2.2 lakhs during the last 24 hrs) and rising recoveries (3.02 lakhs) indicate that the second wave is weakening. Consequently, progressive lifting of lockdowns, like what Madhya Pradesh has announced from June 1st onwards, are expected in other states too. Market has been anticipating this trend and moving up and Nifty is now just 2% away from all-time highs. A move towards all-time high is likely. SBI's sterling numbers further reinforce the view that NPA concerns have been exaggerated. Bank Nifty now has the strength to support Nifty's further upmoves. IT is likely to take a breather since rupee is strengthening

10:17 AM

Natco Pharma surges 20%, hits new high on USFDA nod for cancer drug

In the past three days, the stock has zoomed 30 per cent. At 09:48 am, Natco Pharma was trading 11 per cent higher at Rs 1,101 on the BSE, as compared to 0.24 per cent rise in the S&P BSE Sensex. The trading volumes on the counter jumped over five-fold with a combined 3.8 million equity shares changing hands on the NSE and BSE. READ MORE

10:09 AM

Rupee opening

Rupee opens at 73.86 per US dollar vs Friday's close of 73.83/$

9:55 AM

SBI rallies 9% in 2 days post Q4 results; brokerages bullish on stock

Shares of State Bank of India (SBI) were up 4.4 per cent at Rs 418.90 on the BSE in intra-day trade on Monday, having rallied 9 per cent in the past two trading days, after the bank on Friday reported a strong performance on the asset quality front wherein slippages and restructuring were within guidance while sufficient provisioning buffer also provided comfort. READ MORE

9:49 AM

Most active stocks by volume

Company	PRICE(rs)	CHG(%)	VOLUME
Punjab Natl.Bank	39.10	2.62	2387182
South Ind.Bank	10.70	-3.69	1702991
Vodafone Idea	8.63	0.70	1688688
HFCL	47.50	-3.36	1366057
St Bk Of India	414.05	3.23	934497

9:47 AM

MARKET CHECK :: Sensex off highs in a volatile trade

9:45 AM

BUZZING :: Pidilite Ind's m-cap crosses Rs 1 trillion-mark

9:42 AM

United Spirits advances nearly 4% on solid March quarter results

Diageo-controlled liquor maker United Spirits on Friday reported a four-fold jump in consolidated net profit to Rs 203.3 crore for the fourth quarter ended March 2021, helped by double-digit growth in sales.