New closing peak for indices; Nifty tops 15,750; Sensex gains 228 pts

Nifty50 hit record peak after a tweet by the Prime Minister's Office said PM Narendra Modi will address the nation at 5 PM later in the day

3:43 PM

Sectoral trends on the NSE :: IT, Private Bank indices gain 1% each; metals slide

3:42 PM

Sensex Heatmap at Close

Top gainers: PowerGrid, NTPC, UltraTech Cement

Top losers: Bajaj Finance, Bajaj Finserv, HDFC

3:34 PM

CLOSING BELL

The S&P BSE Sensex index ends at 52,328.5 levels, up 228 points while the Nifty50 was closed at 15,751.6 levels, up 81 points.

 

3:25 PM

Asia's ESG bond issuances hit record $69 billion this year, no let-up seen

Asia-Pacific borrowers more than doubled issuance of bonds tied to environmental, social and governance (ESG) themes to a record $69 billion this year, data showed, as they sought to burnish their sustainability credentials and tap red-hot investor demand.

 

Bankers say the trend will continue, boosting their fee incomes. Some of the biggest global investment banks are bulking up their teams to cope with the increased ESG-related bond deals READ MORE

3:14 PM

Nifty sectoral indices at this hour

3:05 PM

World Bank approves $500 mn program to help boost India's MSME sector

According to a statement released last Friday, the program targets improvements in the performance of 555,000 MSMEs and is expected to mobilise financing of USD 15.5 billion, as part of the government's USD 3.4 billion MSME Competitiveness - A Post-COVID Resilience and Recovery Programme (MCRRP). READ MORE

2:52 PM

MARKET UPDATE:: RIL, TCS, and ICICI Bank among top contributors to Sensex's gain today

2:50 PM

Sensex Heatmap at this hour

2:41 PM

L&T extends gain after winning significant contracts for various biz

Shares of Larsen & Toubro (L&T) rose 2 per cent to Rs 1,569.75 on the BSE in intra-day trade on Monday after L&T Construction, the construction arm of L&T, secured significant contracts for its various businesses. The stock of the construction and engineering major was trading higher for the third straight day. It was quoting close to its record high level of Rs 1,593 touched on February 2, 2021. READ MORE

2:34 PM

Recovery from intra-day lows in today's trade

COMPANY	DAY'S LOW(RS)	DAY'S HIGH(RS)	LATEST(RS)	RISE(%)
Adani Power	111.50	126.95	126.95	13.86
SIS	385.80	433.85	431.10	11.74
Vakrangee	44.55	48.75	48.75	9.43
IFCI	12.90	14.13	14.03	8.76

2:22 PM

ED transfers Rs 5,600-cr UBL shares to recovery officer's demat account

Liquor firm United Breweries on Monday said the Enforcement Directorate has transferred 4.13 crore equity shares of the Vijay Mallya-promoted firm worth over Rs 5,600 crore to the Demat account of recovery officer of the Debt Recovery Tribunal (DRT). In March 2019, United Breweries informed the stock exchanges that the Debt Recovery Tribunal in Bengaluru had transferred a 2.80 per cent stake worth over Rs 1,025 crore held by Mallya-promoted United Breweries (Holdings) Ltd in the company in its name. READ MORE

2:14 PM

Broader market :: BSE SmallCap index outperforms, hits record high of 24,608.94

2:05 PM

Piramal Enterprises rallies 12% in two days; stock hits 52-week high

Shares of Piramal Enterprises were trading higher for the second straight day, up 7 per cent at Rs 2,053.70 on the BSE in intra-day trade on Monday. According to a Business Standard report, the Mumbai bench of the National Company Law Tribunal (NCLT) has approved the Piramal Group’s resolution plan for Dewan Housing Finance Limited (DHFL). The order is subject to the outcome of the appeal in the appellate tribunal and the Supreme Court. The stock hit a 52-week high and surpassed its previous high of Rs 2,008.20, touched on March 3, 2021. In the past two days, the stock has rallied 12 per cent on the BSE. READ MORE

1:56 PM

Indian Energy Exchange trades 6,540 MU of electricity volume in May

Indian Energy Exchange (IEX) traded 6,540 million units of electricity volume in May, achieving 9 per cent year-on-year growth amid continuation of Covid-19 lockdowns as well the cyclonic disturbances which affected overall power demand in the country. The national peak demand at 169 GW recorded a 2 per cent growth while the energy consumption at 111 BU saw 8 per cent growth on the weak base, the exchange said on Monday. READ MORE

1:46 PM

Rising commodity prices risk raising costs for India's infra plans

Inflation will likely hurt as commodity prices rise. The wholesale price index for basic metals and manufacturing has been mimicking metal prices.

 

Rising commodity prices will hurt India's national infrastructure pipeline project, where the government plans to invest Rs 114 trillion (Rs 114 lakh crore) by 2024-25. READ MORE