Bears tighten grip; Sensex slips 400 pts, Nifty holds 15,200; PSBs rally

In the intra-day session, the Sensex and the Nifty indices touched a low of 51,586 and 15,171, respectively.

11:50 AM

Rajesh Exports bags order worth Rs 1,352 crore

Gold refiner Rajesh Exports on Wednesday said the company has secured an order worth Rs 1,352 crore. Rajesh Exports said this is the first major order accepted by the company after the outbreak of pandemic.

 

(Text Source: PTI)

11:43 AM

NEWS ALERT :: Magma Fincorp open offer to run from April 8-26

Source: Agencies

11:39 AM

Sensex, Nifty: Don't worry about volatility; crucial supports are intact

Markets have been volatile since the past few sessions with the S&P BSE Sensex giving up the 52,000 levels after a record run since March 2020 low. On the National Stock Exchange (NSE), the Nifty50, too, has been finding it tough to hold on to 15,000 levels. Is there a reason to panic after the sharp surge in the markets since their March 2020 low? Should you exit? Here's what charts say. READ MORE

11:38 AM

NEWS ALERT :: Lupin launches Posaconazole delayed-release tablets

>> These are used for the treatment of Invasive Aspergillus & Candida infections

11:30 AM

NEWS FLASH :: Govt has written to RBI seeking Indian Overseas Bank's exit from corrective plan

Source: TV News

11:28 AM

Nestle India shares decline 5% as December quarter results disappoint

Shares of FMCG major Nestle India dipped 5 per cent to Rs 16,360 on the BSE in Wednesday's trade after the firm's December quarter numbers failed to meet Street's expectations. The company on Tuesday, after market hours, posted a 2.25 per cent year-on-year (YoY) rise in net profit to Rs 483.31 crore for the fourth quarter ended December. The company, which follows the January-December financial year, had posted a profit of Rs 472.64 crore in the same period a year ago. READ MORE

11:23 AM

NEWS FLASH :: Cairn Energy CEO likely to meet top FinMin officials on Thursday

- Finance Secy Ajay Bhushan may lead the meeting

- High level meets from last week on Cairn arbitration award

- India likely to appeal against ICJ's verdict by end Feb-early March

- Top officials from Law Min, Revenue Dept, DEA & MEA to meet today
(Source: ET NOW)

11:13 AM

Market Check | Sensex off day's low

11:06 AM

Privatisation hope lifts Nifty PSB index 5%; BoI, IOB gain 40% in 2 days

Public sector banks were ruling higher for the second day in a row as investor sentiment remained buoyant amid privatisation buzz. The Nifty PSU Bank index defied market gravity and surged 5.6 per cent to hit an intra-day high of 2,446 on the National Stock Exchange (NSE) as against a 0.6 per cent drop in the Nifty50 index. READ MORE

11:00 AM

Inox Wind gets orders for supply, installation of wind turbine generators

Inox Wind said it has bagged new orders for the supply and installation of wind turbine generators of 62 MW from independent power producers and retail customers. The projects will be executed on a turnkey basis across locations in Gujarat and Karnataka. READ MORE

 

(Source: BSE filing)

 

10:54 AM

Here is how Keltner Channel helps traders analyse price action

Keltner Channel is a volatility-based technical indicator that comprises three bands, wherein the middle band is the exponential moving average (EMA) and the other two -- upper and lower bands -- are average true range (ATR). When the bands expand, the volatility increases. Similarly, a contraction in the bands is seen as an indicator of a decrease in volatility. READ MORE

10:42 AM

Warren Buffett still hesitant about stocks as Berkshire hoards cash again

Berkshire appears to be sticking with companies that have clear-cut businesses (as long as they aren’t banks). It now reports shares of both T-Mobile US Inc. and Verizon, which are entirely focused on their 5G wireless networks. Perhaps notably, AT&T Inc. was left out of that bet, as it continues to wade through the challenges of integrating its Time Warner acquisition and tries to make financial sense of its subsequent foray into streaming-video apps with HBO Max.  READ MORE

10:30 AM

Sparkling Q3: India Inc's net profit at new high amid lower operating costs

India Inc’s quarterly net profit reached a record high of Rs 1.64 trillion in the third quarter ended December 31, 2020, mainly due to gains from higher commodity prices and a big swing in banks' earnings. The combined net profit of 3,323 listed companies that have declared results so far was up 68.6 per cent year-on-year (YoY). READ MORE

10:20 AM

Tata Consumer Products gains 3% on report Group could buy Big Basket

The deal, which is expected to close in the next four to five weeks, will give exit to investors Alibaba, Abraaj Group and IFC. The top management, including co-founder and CEO Hari Menon, will continue to stay on board, the report added. READ MORE

10:09 AM

Adani Ports gains 5%, hits new high on completing Dighi Port acquisition

APSEZ plans to invest over Rs 10,000 crore to develop the port into a multi-cargo port and investing in the development of rail and road evacuation infrastructure for seamless and efficient cargo movement. The company will strengthen and repair existing infrastructure and invest in the development of facilities for the dry, container, and liquid cargo. READ MORE