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.

9:58 AM

BS PODCAST :: Threat to BSNL, tepid listing gains: Analysts' take on RailTel IPO

Analysts at Choice Broking value RailTel at about 15.8 times the FY20 P/E multiple. However, they value other railway infrastructure companies such as IRCON, RITES and RVNL at an average P/E of 9.5x. That said, considering the futuristic service and growth plans of the Indian Railways and RailTel’s ability to monetize its existing assets through subscription plans and co-sharing with private operators, they feel that fundamentals are positive for the company. Will such strong fundamentals translate into strong listing gains? LISTEN IN!

9:51 AM

BSE Midcap index rises 0.33%, beats benchmark Sensex

9:51 AM

Number of illiquid stocks down 20% since lockdown as pandemic squeeze eases

The list of stocks which have so few trades that exchanges create a special session for them to change hands has shrunk in the last six months. The number of such illiquid stocks had risen to between 420-440 between March and June 2020.

 

This roughly coincided with the lockdown to control the Covid-19 pandemic. It has now fallen by around a fifth, to 342 shows December quarter data from the BSE. READ MORE

9:43 AM

TVS Srichakra rises 2% on singning MoU with TN govt

The company signed an MoU with Tamil Nadu government for a planned capex program.

9:34 AM

Page Industries slips over 2% after Vedji Ticku resigns as CEO

>> Vedji Ticku has resigned as the Chief Executive Officer and Executive Director of Page Industries.

9:30 AM

Tata Consumer Products gains 2% in a weak market

>> Reports suggest Tata group is acquiring 68 per cent stake in online grocery platform BigBasket for around Rs 9,500 crore.

9:28 AM

LIC Housing Finance dips a per cent

>> The company, last evening, informed exchanged that it has closed its rights issue and raised over Rs 2,998 crore. The rights issue was oversubscribed by approximately 15 per cent, it said in a release.

9:26 AM

Adani Ports jumps 5% on Dighi Port acquisition

>> The company said it has completed the acquisition of Dighi Port for Rs 705 crore and would invest over Rs 10,000 crore in developing it as an alternate gateway to JNPT.

9:24 AM

Nestle slides over 3% on weak Dec quarter nos

>> The company's profit after tax rose 0.2 per cent year-on-year to Rs 483.3 crore from Rs 472.6 crore in the corresponding quarter previous year.

9:22 AM

ALERT :: Sensex extends weakness

9:21 AM

Sectoral trends on NSE at Open

9:20 AM

Sensex Heatmap at Open

9:18 AM

Opening Bell

9:17 AM

Opening Bell

9:12 AM

Commodity Heatmap