F&O expiry: Sensex gains 258 pts, ends Feb series 8% higher; RIL surges 4%

Sectorally, the Nifty Metal, PSU Bank, and Bank indices advanced 25 per cent, 40 per cent, and 20 per cent, respectively during the February F&O series

2:19 PM

L&T Technology Services selected by Airbus for Skywise Partner Programme

L&T Technology Services (LTTS) announced on Thursday it has been selected by Airbus to provide technology and digital engineering solutions for Airbus' Skywise platform as part of the 'Skywise Partner Programme'. With more than 130 airlines around the world already connected to Skywise, the platform is playing a very important part in enabling and accelerating digital transformation of the aviation sector as a whole, according to an LTTS statement.

 

(Text Source: PTI)

2:17 PM

MARKET UPDATE:: Broader indices outperform benchmarks; India VIX cools off 4%

2:07 PM

European markets check

(Source: Reuters)

2:07 PM

NEWS ALERT :: Shapoorji Pallonji & SBI sign MoU to offer faster home loan approvals to homebuyers

(Source: CNBC TV18)

1:56 PM

Tata Motors, Tata Consumer: Tata Group stks may lead the next market rally

Tata Consumer Products, the FMCG unit of Tata Group, is set to enter the benchmark Nifty50 index from March 31, 2021. With the arm's inclusion, weightage of Tata Group stocks in Nifty pack will increase to 8.75 per cent from 8.15 per cent presently. At the moment, Tata Consultancy Services, Tata Steel, Tata Motors and Titan are already part of the benchmark index. READ MORE

1:44 PM

RBI balance sheet not compromised by liquidity operations: Shaktikanta Das

The Reserve Bank of India (RBI) did not compromise on its balance sheet while providing liquidity to the bond market through asset purchases, governor Shaktikanta Das said on Thursday. The central bank, so far, this fiscal, has purchased over Rs 3 trillion of central and state government bonds from the secondary market to provide liquidity to the system. READ MORE

1:34 PM

RailTel: Analysts expect shares to list at 16-18% premium over issue price

Shares of RailTel Corporation of India were commanding a premium of Rs 15-17 per unit in the unlisted market ahead of their debut on exchanges on Friday, February 26, implying listing gains of 16-18 per cent over the issue price of Rs 94 per share. But a correction in the secondary market has dented the listing pop by nearly 50 per cent for RailTel shares as they were trading at Rs 109-112 apiece in the unlisted market from Rs 122 earlier. READ MORE

1:28 PM

Bharti Airtel raises $1.25 bn through debt instruments

Bharti Airtel on Thursday said it has raised USD 1.25 billion through issuance of debt instruments. The debt fund raising by the company comes just before the start of spectrum auction valued at Rs 3.92 lakh crore. Airtel said this is the first ever dual-tranche US dollar bond issued by the company spread across senior and perpetual issuance.

1:13 PM

Zydus Cadila gets USFDA nod for antidepressant drug

Zydus Cadila on Thursday said it has received final approval from the US health regulator to market antidepressant Nortriptyline Hydrochloride capsules. Zydus Cadila has received final approval from the United States Food and Drug Administration (USFDA) to market Nortriptyline Hydrochloride capsules USP, in strengths of 10 mg, 25 mg, 50 mg and 75 mg, Cadila Healthcare said in a regulatory filing. 

(Text Source: PTI)

12:59 PM

India's recession exit gains momentum on services, manufacturing

India’s economy looked ready to leave a sharp downturn behind in the new year, as business and consumer activity showed more signs of gathering momentum in January. Two of the eight high-frequency indicators tracked by Bloomberg News improved last month, while five held steady and one deteriorated. That, for now, kept the needle on a dial measuring overall economic activity unchanged at 5 -- a number arrived at by using the three-month weighted average to smooth out volatility in the single-month scores. READ MORE

12:46 PM

Nifty FMCG index trades lower in an otherwise firm market

12:38 PM

NEWS ALERT :: Bharat Electronics to consider 2nd interim dividend for FY21 on March 16

12:32 PM

MARKET CHECK :: Sensex off highs

12:22 PM

Tata Chemicals hits fresh lifetime high; stock zooms 100% in 3 months

On December 4, 2020, Tata Sons purchased 2.57 million equity shares, representing 1 per cent equity of Tata Chemicals, at a price of Rs 471.88 per share on the NSE via bulk deal, the exchange data shows. Earlier, on December 2, 2020, Tata Sons had purchased 1.8 million equity shares, representing 0.71 per cent equity of Tata Chemicals, at a price of Rs 420.92 per share on the NSE via bulk deal, data shows. READ MORE

12:11 PM

NEWS ALERT :: MOODY'S on India

>> Moody's pegs India's GDP in FY22 at 13.5%

>> GDP growth pegged at 6.2% in FY23