Sensex starts FY22 with a 521-pt gain, ends above 50K; Metals, PSBs shine

The overall market breadth was in the ratio of 1:3 in the favour of advances

1:10 PM

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

Company	PRICE(rs)	52 WK HIGH	CHG(%)
3M India	29810.00	30975.00	-1.42
Adani Total Gas	997.00	999.00	3.72
Adani Transmissi	950.90	953.00	4.68
Ambuja Cements	310.05	313.85	0.42
Atul	7303.25	7352.00	3.21

12:59 PM

Adani Group's dream-run continues on the bourses; Adani Total hits new high

The dream run of Gautam Adani-led group companies continued on the bourses on the first day of the new financial year 2021-22 with Adani Transmission and Adani Total Gas stocks hitting their respective new highs, while Adani Enterprises was trading close to its record high. READ MORE

12:50 PM

3 reasons why Nomura is bullish on this new Nifty50 entrant

Shares of Tata Consumer Products have been in the focus of late after the stock got admitted to the flagship Nifty50 index on March 31 as part of the index rejig. On a year-to-date (YTD) basis, the stock has managed to beat both the Nifty50 and Nifty FMCG index in terms of returns. The Tata group stock has gained 8 per cent as against Nifty's 5 per cent and 2 per cent up move in the Nifty FMCG index during this perios, ACE Equity data show. In the FCMG pack, the stock is among the select few that have offered high single-digit or double-digit returns during the same period, performing better than 70 per cent of its peers. READ MORE

12:41 PM

Dixon Tech, Adani Green: How to trade multi-baggers of FY21 in new fiscal

Mid and small-cap stocks ruled the bourses during the recently concluded financial year of 2020-21 with the indices clocking gains of 91 per cent and 115 per cent, respectively on the BSE. As many as 228 stocks from the BSE500 index have seen their market value more-than-double in FY21. Individually, Adani Total Gas, Adani Green Energy and Adani Enterprises from the Adani Group rallied in the range of 600 per cent to 1,020 per cent. READ MORE

12:32 PM

March Auto sales | M&M reports total auto sales of 40,403 units in March 2021 vs 6,679 units (YoY)

12:29 PM

Indiabulls Housing Finance says CRISIL has upgraded outlook to stable

Rating agency CRISIL has upgraded its outlook for Indiabulls Housing Finance Ltd from “negative” to “stable”. It affirmed the company’s long-term credit rating of “AA” and short term of “A1+”. The housing finance company in a filing with BSE said it got CRISIL's communication on March 31. The revision in rating factors in fund raising, comfortable asset quality in retail segments and lower than expected rise in non-performing asset (NPA) levels. READ MORE

12:16 PM

March Auto Sales :: Tata Motors Q4FY21 total sales up 94% YoY at 1.82 lakh

12:03 PM

Piramal Ent-arm to acquire Hemmo Pharma for Rs 775 cr; stock gains over 3%

Shares of Piramal Enterprises gained 3.3 per cent in the intra-day deals to quote at Rs 1,810 on the BSE on Thursday after the company's subsidiary, Piramal Pharma, acquired Hemmo Pharmaceuticals. "Piramal Pharma’s (PPL) Contract Development and Manufacturing Organization, Piramal Pharma Solutions (PPS), announced that PPL has entered into an agreement to acquire a 100 per cent stake in Hemmo Pharmaceuticals (Hemmo) for an upfront consideration of Rs 775 crore," Piramal Enterprises said in a presentation. READ MORE

11:52 AM

Explained :: How State Bank of India regained its footing on the bourses

A decade ago, ONGC and Coal India were the most valuable public sect­or entities. State Bank of India (SBI) was third. Today, with a market capitalisa­tion of Rs 3.42 trillion, SBI has taken the top slot.

 

ONGC’s market cap has eroded by 40 per cent and is a distant second in the pecking order, while Coal India has slipped to seventh with market cap plung­i­ng 60 pe­r cent. SBI’s climb to the top is in­teres­t­ing considering that it is the only value ac­c­retive stock among the top seven public sector banks (PSBs) for investors.  READ MORE

11:41 AM

Tata Steel regains Rs 1 trillion m-cap; stock hits over 12-year high

Tata Steel regained market capitalisation (market-cap) of Rs 1 trillion in Thursday's intra-day trade after the stock hit its highest level since June 2008, on healthy operational performance and expectation of improvement in the company's outlook. In the past one week, the stock has rallied 16 per cent, against 2.2 per cent rise in the S&P BSE Sensex. READ MORE

11:34 AM

National Stock Exchange cuts mkt lot size for Nifty 50 derivative contracts

The National Stock Exchange (NSE) has slashed the market lot size for derivative contracts on Nifty 50, a move that will reduce the burden of excessive upfront margins for retail traders. The lot size has been reduced to 50 from the existing 75, NSE said in a circular on Wednesday. The reduction in the lot size for NIFTY will reduce the margin requirements for futures trading by one-third, stockbroking firm FYERS CEO Tejas Khoday said. READ MORE

11:25 AM

March Auto Sales :: Maruti Suzuki FY21 total sales down 6.7% YoY; stock up 0.65%

11:17 AM

NEWS ALERT :: IGL signs long-term gas supply agreement with Delhi Transport Corporation

Check details here

11:15 AM

NEWS ALERT | Reliance Infra to sell Reliance Centre to YES Bank for Rs 1,200 crore

-- (via BSE filing)

11:13 AM

NEWS ALERT :: IRB Infra receives Letter of Award from NHAI for a project in Himachal Pradesh

>> The Company has received Letter of Award from NHAI for the project of Rehabilitation and Upgradation to Four Lane configuration & Strengthening of Punjab/HP Border to Mo from Km 11.000 to Km 42.000 (Design Length 28.700 KM) of NH-20 (New NH-154) of Pathankot-Mandi Section in the state of Himachal Pradesh on Hybrid Annuity Mode (HAM).

Click here for project details