Sensex gains 84 pts as metal, IT stocks shine; broader markets outperform

The Nifty PSU Bank and Bank indices shed 0.8 per cent and 0.6 per cent, respectively today while the Nifty Private Bank and Financial Services indices slipped 0.6 per cent and 0.3 per cent

9:50 AM

Realty, insurance corner bulk of FPI flows at $500 mn each in March

Companies in the real estate and insurance sector cornered the bulk of the foreign portfolio investor (FPI) flows—half a billion dollars each—in March. The oil & gas sector too reported strong inflows of close to $460 million. Analysts believe the spike in flows in the real estate sector is a case of foreign funds taking a bullish view on select stocks and not the entire sector. READ MORE

9:48 AM

Sector Watch :: Nifty IT index hits record high

9:43 AM

ALERT :: Sensex reclaims 50,000-mark

9:39 AM

Barbeque Nation freezes at 20% upper circuit for second straight day

>> UTI Mutual Fund bought 2.50 lakh shares at Rs 579.62 per share while Integrated Core Strategies Asia PTE sold 4.01 lakh shares at Rs 545.15 per share.

9:37 AM

Hindustan Copper slumps 4% after firm opens QIP

>> The company said the company opened its qualified institutional placement issue for subscription on April 7. The floor price has been fixed at Rs 125.79 per share.

9:36 AM

Fitch Ratings on Indian NBFCs

> Covid-19 surge could delay NBFCs' recovery

 

> Indian NBFCs face renewed asset quality, liquidity risks amid second wave

 

> IIFL Finance most vulnerable to recent developments

9:35 AM

IRCTC slips over 1% on suspension of Lucknow-New Delhi Tejas Express

>> The company has temporarily suspended Lucknow-New Delhi Tejas Express until April 30, due to recent increase in coronavirus cases.

9:33 AM

UCO Bank gains around 1%

>> The lender on Wednesday said its board has approved allotment of preference shares to the government for infusing Rs 2,600 crore capital.

9:30 AM

Wipro holds gains in early deals

>> The IT major said it has appointed former Walmart executive Subha Tatavarti as its Chief Technology Officer. The company has also appointed Suzanne Dann as Senior Vice President and Sector Head for Capital Markets and Insurance, North America region.

9:28 AM

Tanla Platforms up 1.5% as firm appoints new CFO

>> The communications services firm announced the appointment of Aravind Viswanathan as chief financial officer effective June 1, 2021. Viswanathan joins the company from Wipro, where he served as senior vice president and CFO -– iDEAS Global Business Line.

9:26 AM

Ashok Leyland rallies 3% on new subsidiary formation plan

>> The company said it has decided to form two new subsidiaries as part of its plans to strengthen green transport solutions. The first unit -- Switch Mobility Automotive Ltd -- is being formed to carry on the electric vehicle strategy in India and forms part of its global entity. The second subsidiary -- OHM Global Mobility Pvt Ltd -- will focus on providing mobility as a service offering.

9:25 AM

RIL trades in the green despite Sebi's penalty

>> Sebi imposed a total penalty of Rs 25 crore on Mukesh Ambani, Anil Ambani, other individuals and entities for non-compliance with takeover norms in a Reliance Industries case dating back to 2000.

9:23 AM

Muthoot Finance gains over 1% on fund raising plan

>> The company is planning to raise Rs 1,700 crore through public issue of secured redeemable non-convertible debentures. The issue opens on April 8 and will close on April 29.

9:22 AM

Sectoral trends on the NSE :: All indices in the green; metals outperform

9:21 AM

Sensex Heatmap :: Bulls on front foot; 28 of 30 counters in the green