RIL, banks lift indices for 3rd day; Sensex gains 1,148 pts, ends above 51K

he frontline Nifty50 index made a dash for 15,300-mark in the intra-day trade, and hit a high of 15,273.

1:35 PM

MARKET UPDATE:: Infosys, ICICI Bank top contributors to Sensex's 700-pts rally today

1:27 PM

NEWS ALERT | CRISIL revises outlook on Union Bank's long-term debt instruments to stable from negative

-- CRISIL reaffirms ratings

1:17 PM

HDFC, LIC Hsg: Stick to sound HFCs as SBI cuts home loan rate, say analysts

Banking giants State Bank of India (SBI) and Kotak Mahindra Bank’s decision to slash home loan rates by 10-15 bps to 6.7 per cent and 6.65 per cent, respectively may pull customers away from pure housing financiers, especially smaller players, believe analysts. On Monday, SBI announced a limited period offer, and cut rates to 6.70 per cent (for loans up to Rs 75 lakh) and to 6.75 per cent (for loans above Rs 75 lakh) till March 31. The lender will also give a 100 per cent waiver on processing fees. READ MORE

1:07 PM

NEWS ALERT :: Kalpataru Power bags orders worth Rs 1,554 crore

1:01 PM

MARKET UPDATE:: Sensex reclaims 51k

12:55 PM

Sector Watch :: Barring Auto, all sectors in the green

12:40 PM

How SPACs can help make Indian firms a key part of global listed markets

While this last one year has been fraught with uncertainty for businesses across the world, one part of the economy that has remained positive is the stock markets. Against this backdrop, a phenomenon that has caught the attention of the investment segment are Special Purpose Acquisition Companies (SPACs). US-listed SPACs raised more than $80 billion in 2020, compared to $13 billion in 2019, and the fund-raising figures in the first two months of 2021 continue to be robust. READ MORE

12:31 PM

MARKET UPDATE:: Sensex extends gain

12:28 PM

IPO Update : MTAR Tech IPO sails through within 2 hours of opening

> IPO subscribed 1.25 times so far

12:19 PM

Adani Enterprises crosses Rs 1 trillion market capitalisation

Adani Enterprises joined the elite club of companies with Rs 1-trillion market capitalization (market-cap) on the BSE, after its share price hit a new high of Rs 911, rallying 4 per cent in intra-day trade on Wednesday. With the market-cap of Rs 1 trillion, at 11:58 am, Adani Enterprises stood at number 39th position in the overall market-cap ranking, the BSE data shows. READ MORE

12:09 PM

NEWS ALERT :: Tata Power to provide Green Power in Jharkhand to Tata Steel

Tata Power announced that TP Saurya Limited, its wholly owned subsidiary, has signed a Power Purchase Agreement with Tata Steel to develop a 15 MW solar project at Jamshedpur, Jharkhand. The energy will be supplied to Tata Steel under a Power Purchase Agreement (PPA) valid for a period of 25 years from scheduled commercial operation date.

12:02 PM

TNPL, JK Paper: Paper stocks are set for higher levels. Stay put for now

JK Paper Limited (JKPAPER): The counter has crossed the resistance range of Rs 152 to Rs 158, as per the weekly chart. This move has come in the overbought category of Relative Strength Index (RSI), which indicates that the stock has been able to absorb all the selling pressure at higher levels. The next resistance comes at Rs 190 levels, which the counter now looks poised to conquer. Support on the closing basis comes in at Rs 150. READ MORE

11:53 AM

Motherson Sumi gains 2%, hits 52-wk high as CRISIL reaffirms credit ratings

Shares of Motherson Sumi Systems, on Wednesday, rose 2.4 per cent to hit a fresh 52-week high of Rs 238.20 on the BSE after rating agency CRISIL reaffirmed the company's ratings. In an exchange filing, the company said that its long-term ratings has been reaffirmed to CRISIL AA+, with 'Stable' outlook from the earlier 'negative'. Short-term ratings has been reaffirmed to CRISIL A1+. READ MORE

11:40 AM

NEWS ALERT :: Marico declares interim dividend of Rs 4.5 per share for FY21

11:37 AM

Generic Engineering Construction bags construction orders worth Rs 81 crore

Generic Engineering Construction and Projects Ltd on Wednesday said it has bagged construction orders worth Rs 81 crore. The company has been awarded with new work orders worth Rs 80.80 crore (including GST) for various institutional projects from new reputed clients,Generic Engineering Construction and Projects Ltd said in a regulatory filing. READ MORE