Sensex gains for 2nd day; ends 447 pts up at 50,297; auto, IT stocks rally

Broader markets outperformed the benchmark indices, highlighting underlying strength in the market. The S&P BSE MidCap and SmallCap indices ended 1.55 per cent & 1.6 per cent higher, respectively

1:15 PM

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

Company	PRICE(rs)	52 WK HIGH	CHG(%)
3M India	24400.00	24716.40	1.14
Adani Enterp.	859.55	865.00	0.88
Aegis Logistics	323.95	329.50	0.61
APL Apollo Tubes	1144.00	1158.00	4.71
Astral Poly Tech	2183.70	2249.95	-0.61

12:59 PM

MARKET UPDATE:: Broader indices outrun benchmarks; India VIX cools off 3%

12:51 PM

Goldman Sachs restarts cryptocurrency trading desk amid bitcoin boom

The desk is part of Goldman's activities within the fast-growing digital assets sector, which also includes projects involving blockchain technology and central bank digital currencies, the person said.

 

As part of this work, the bank is also exploring the potential for a bitcoin exchange traded fund and has issued a request for information to explore digital asset custody, the source said. READ MORE

12:43 PM

SECTOR WATCH:: Auto stocks hold gains

Company	LATEST(rs)	CHG(%)
Tata Motors	337.45	2.85
Ashok Leyland	130.75	0.85
Tata Motors-DVR	136.30	3.38
M & M	853.45	4.19
TVS Motor Co.	627.10	1.69

12:32 PM

BUZZING STOCK:: Subex Ltd rallies 10% after announcing O-RAN alliance for open radio access networks

12:16 PM

Shipping Corporation, BPCL, NFL: Trading strategies for news-driven stocks

Firm global cues and steady recovery in the economic situation back home comforted bulls at the bourses on Tuesday. Domestic equity markets were ruling higher for second straight day, but were facing resistance at top levels. At 11:40 AM, the benchmark S&P BSE Sensex was hovering just above the 50,000-mark, having topped 50,400 levels in the intra-day deals. READ MORE

12:04 PM

RailTel Corporation rises for third day; stock up 85% over issue price

Shares of RailTel Corporation of India surged for the third straight day on Tuesday to hit a fresh 52-week high on the BSE amid strong investor interest on the counter. The shares of the firm which got listed on Friday, have zoomed nearly 85 per cent over its issue price of Rs 94. The scrip jumped 19 per cent over its previous close to hit an intra-day high, also its 52-week high, of Rs 173.50 on the BSE. At 11.40 am, the stock was trading 16 per cent up at Rs 168.60 while the BSE barometer Sensex was up 0.41 per cent at 50,054 around the same time. READ MORE

11:53 AM

This Ashish Kacholia-owned stock has more than doubled in a month

Paushak shares, on Tuesday, were locked in 10 per cent upper circuit at a fresh record high of Rs 8,067 on the BSE. The stock has now zoomed 32 per cent in the past two trading days. In the last month, the company engaged in specialty chemicals business has seen its market value more-than-doubled, up 101 per cent. In comparison, the S&P BSE Sensex gained 0.79 per cent during the period. READ MORE

11:42 AM

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

COMPANY	DAY'S HIGH(RS)	DAY'S LOW(RS)	LATEST(RS)	FALL(%)
R C F	100.15	83.70	90.40	-9.74
MMTC	52.55	45.20	48.05	-8.56
Hindustan Copper	165.10	149.40	151.80	-8.06
Just Dial	969.30	813.00	896.50	-7.51

11:30 AM

ALERT :: Sensex off highs

11:22 AM

Hurun Global Rich List 2021: World adds 8 billionaires a week in 2020

“Billionaires have added in the past year the equivalent of the gross domestic product (GDP) of Germany to take their wealth to the equivalent of China. They added $3.5 trillion to take their total wealth to $14.7 trillion, a huge concentration of economic power,” the report said.

 

The Hurun Global Rich List 2021 ranked 3228 billionaires from 2,402 companies and 68 countries. The wealth calculations are a snapshot of January 15, 2021. READ MORE

11:22 AM

MARKET UPDATE:: Nifty Bank index pares gains, turns negative

11:14 AM

Dividend payout hope post Numaligarh Refinery deal drives BPCL stock

Investors of Bharat Petroleum Corportion (BPCL) were handsomely rewarded on Tuesday as market participants rushed to the counter on hopes of special dividend payout. Shares of the state-owned refinery hit fresh 52-week high of Rs 482.4 apiece, up 6 per cent on the BSE, as its Board approved to offload the firm's holding in the Numaligarh Refinery unit for Rs 9,878 crore ($1.3 billion) as part of BPCL's privatization process. READ MORE

11:04 AM

Mutual fund penetration in India among lowest, shows Jefferies report

The domestic mutual funds industry has come a long way with current assets under management (AUM) topping Rs 30 trillion. However, global brokerage firm Jefferies believes it still has tremendous growth potential as it has barely scratched the surface when it comes to AUM growth. An analysis done by Jefferies shows India’s MF AUM as a percentage of GDP at 12 per cent is among the lowest and a fraction of global average of 63 per cent. Smaller emerging market peers, such as Brazil (ratio of 68 per cent) and South Africa (48 per cent), boast of better penetration. READ MORE

10:55 AM

Top gainers on the BSE at this hour

Company	PRICE(rs)	CHG(%)
S C I	119.70	15.43
Just Dial	909.00	12.17
Symphony	1344.75	11.63
JSW Energy	81.85	10.01
MOIL	173.10	8.97