Sensex ends flat after volatile trade, holds 52k; IT stks dip, metals shine

The broader markets ended higher today with the S&P BSE MidCap and SmallCap indices settling 0.2 per cent and 0.43 per cent up, respectively

12:38 PM

SAT stays SEBI's order banning Kishore Biyani, other Future promoters from markets

The Securities Appellate Tribunal (SAT) has stayed the order passed by market regulator SEBI, that had put a one-year ban on Future Retail Chairperson Kishore Biyani and some other promoters from the securities market. SAT has also directed the Future Group promoters to deposit a sum of Rs 11 crore as an interim measure.

 

(Source: PTI)

12:38 PM

Platinum soars past $1,300 an ounce for first time in six years

Tougher pollution regulations requiring vehicle makers to use more platinum in catalytic converters are supporting prices, said Margaret Yang, a strategist at DailyFX. Platinum has gained 21 per cent this year, narrowing the steep discount with sister-metal palladium, which was the star performer over the two previous years. READ MORE

12:37 PM

Sustained marketing margins, recovering demand aid profitability of OMCs

The sustained strength of marketing margins (MM) and recovering demand for petroleum products is supporting the profitability of India's oil marketing companies (OMC) against weak gross refining margins (GRM). It is lowering downside risks for their credit metrics, Fitch Ratings said. Petroleum product sales for Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL) surged by 22%-23% in the third quarter (Q3FY21) from the previous quarter. The recovery of domestic transportation fuel demand to near normal levels, barring aircraft fuel, and MMs on auto fuel at above pre-pandemic levels aided the sales. READ MORE

12:28 PM

Stocks that hit 52-week high on BSE today

Company	PRICE(rs)	52 WK HIGH	CHG(%)
ACC	1819.00	1842.45	1.72
Adani Enterp.	786.00	802.85	3.03
Adani Ports	638.20	643.50	1.66
Adani Total Gas	491.45	499.80	15.05
Adani Transmissi	745.90	747.95	9.15

12:22 PM

NEWS ALERT :: RPP Infra bags order worth Rs 157.9 cr in Tamil Nadu

12:13 PM

BUZZING STOCK:: ONGC rallies 6%

12:06 PM

Global investors move to renewable sector as coal demand dips in India

Two reports on Tuesday looked into coal demand in India's electricity mix and global financial flows moving to renewable energy industry. A week earlier, International Energy Agency's (IEA) India energy outlook said India would need a massive investment of $1.4 trillion if it were to aim for net zero by mid 2060. Much of this could come in from estimated savings due to reduced oil import bills. However, in addition to this, India could very well attract international investors. READ MORE

11:59 AM

India's recovery gathers pace on good agri show, falling Covid cases: S&P

Global rating agency Standard & Poor's (S&P) said India is on track for an economic recovery in the fiscal year ending March 2022 with consistently good performance in agriculture, a flattening of the Covid-19 infection curve, and a pick-up in government spending are all supporting the economy. READ MORE

11:53 AM

SECTOR WATCH:: IT stocks trade mixed

Company	LATEST(rs)	CHG(%)
Vakrangee	60.35	3.87
Wipro	438.45	-0.28
Tanla Platforms	773.65	4.99
Infosys	1299.95	-0.74
Firstsour.Solu.	96.95	-1.42

11:44 AM

Bank of Maharashtra, IOB: Privatisation buzz sparks rally; should you buy?

Shares of public sector banks (PSBs) were on fire on Tuesday after a report by news agency Reuters said the government has shortlisted Bank of Maharashtra, Bank of India, Indian Overseas Bank, and the Central Bank of India for privatisation in fiscal year 2021-22. Individually, Bank of Maharashtra and Indian Overseas Bank hit 20 per cent upper circuit at Rs 19.05 and Rs 13.10, respectively while Central Bank of India surged 16.8 per cent intra-day at Rs 16.30, and Bank of India rose 14.95 per cent at Rs 67.65. READ MORE

11:33 AM

Market Update :: Sensex off day's high, trades flat

11:27 AM

BS PODCAST :: Key threats to rupee's rally

From an all-time low of 76.92 touched in April sometime last year, the rupee has rebounded smartly to hit highest levels in almost a year to prove that it is not just the domestic market whose recovery is worth taking note of! The strong rally in the domestic currency since has come on the back of a weak dollar,  strong FII flows and subdued crude prices. But with crude rearing its ugly head again, the question remains is the rise in rupee likely to be challenged soon? LISTEN IN!

11:20 AM

SIS shares rally 9% as firm announces Rs 100 crore buyback plan

Shares of Security Intelligence Services (SIS) vaulted 9 per cent to Rs 465 on the BSE in Tuesday's intra-day session after the company on Monday, post market hours, announced a share buyback offer worth Rs 100 crore. The company in an exchange filing on February 15, 2021, said that it would buyback 18,18,181 equity shares, representing 1.24 per cent of the total paid-up equity capital as on March 31, 2020. READ MORE

11:15 AM

IPO Update :: RailTel IPO subscribed 55% within one hour

The issue received bids for 3,38,92,610 shares vs issue size of 6,11,95,923 shares

(Source: NSE)

11:03 AM

Nifty Metal index surges over 3%