Bull-run halts as auto, metal stks dip; Sensex ends flat, Nifty holds 15100

The Nifty Auto, Metal, and Pharma indices settled over 1 per cent lower each

1:12 PM

Torrent Pharma shares tumble 8% post December quarter results

Shares of Torrent Pharmaceuticals dipped 8 per cent to Rs 2,545 on the BSE on Tuesday after the company reported its December quarter (Q3FY21) results, with flat consolidated revenue growth at Rs 1,995 crore, mainly due to 23.4 per cent year on year (YoY) decline in US formulations to Rs 292 crore. READ MORE

1:06 PM

Bitcoin tops $48,000 for the first time

Bitcoin hit a fresh record above $48,000 on Tuesday after Tesla Inc.’s announcement of a $1.5 billion investment in the largest cryptocurrency. The token rose as much as 7.9% to almost $48,216 before paring some of the gains.

12:52 PM

Result Impact :: Vakrangee slips 5% post December quarter numbers

12:47 PM

Market Update :: Sensex jumps 400 points, trades at day's high

12:43 PM

Beware! These risks may halt the current bull-run in the markets: Analysts

Markets wealth has been soaring at the bourses as the Budget gave the necessary booster shot to a dilapidated Indian economy. Laced with infrastructure programmes, privatisation proposals, nod to public sector banks’ recapitalisation, and no changes in the direct tax regime, it proved to be one of the “best in decades” for the economy. READ MORE

12:36 PM

IIFL Finance zooms 82% in 8 days post December quarter results

For Q3F21, IIFL Finance had reported 47 per cent year-on-year (YoY) jump in its consolidated net profit at Rs 268 crore, driven by loan growth, higher net interest margin and lower cost to income ratio. The company engaged in financial services business had posted a profit of Rs 183 crore in the year-ago quarter. READ MORE

12:27 PM

Result Impact :: Star Cement tanks 4% post December quarter numbers

12:26 PM

SECTOR WATCH:: Paint stocks tick up

COMPANY NAME	LATEST	HIGH	CHG(%)
Asian Paints	2515.00	2524.45	4.03
Berger Paints	765.40	768.85	1.71
Indigo Paints	2766.00	2824.30	3.39
Kansai Nerolac	592.55	597.65	0.77

12:13 PM

IRCTC, Indian Hotels, SpiceJet: Time to bet on these travel-related stocks

Travel-related stocks could be one o the key beneficiaries as the economic recovery gathers steam and more people strat to travel for work and leisure. According to reports, the sector is already seeing demand from India Inc as employees return to work, with bookings expected to reach nearly 80 per cent of pre-Covid levels in the current quarter. READ MORE

11:49 AM

Rhizen's cancer drug Umbralisib gets USFDA nod: Alembic Pharma

Alembic Pharma on Tuesday said its associate company Rhizen Pharmaceuticals AG's product Umbralisib, which was licensed to TG Therapeutics, has received approval from the US health regulator the drug for treatment of certain forms of cancer. 

(Text Source: PTI)

11:38 AM

Balkrishna Ind's Rs 1,900 cr capex plan sparks profit taking; stock down 8%

Shares of Balkrishna Industries slipped 8 per cent to Rs 1,700 on the BSE in Tuesday's intra-day trade as investors booked profit after the company announced capital expenditure (capex) plan of up to Rs 1,900 crore, which will be funded by internal accruals and debt, if required. The stock of auto tyres and rubber products has corrected 10 per cent from its record high level of Rs 1,885 touched in intra-day trade today. At 10:45 am, it was trading 7 per cent lower at Rs 1,719 as compared to a 0.41 per cent risen in the S&P BSE Sensex. READ MORE

11:31 AM

NEWS ALERT :: No proposal to remove LTCG tax on shares, says Anurag Thakur in Lok Sabha

>> No proposal to remove STT on shares

Alert: Anurag Thakur is Minister of State for Fin Min

11:25 AM

RIL, ICICI Bank, Infy among top Sensex contributors

11:24 AM

Top gainers on the BSE at this hour

Company	PRICE(rs)	CHG(%)
IIFL Finance	222.50	9.99
AAVAS Financiers	2270.00	9.72
Future Retail	80.30	9.70
Future Consumer	8.62	9.25
Grindwell Norton	865.00	8.13

11:12 AM

Shareholding of FPIs in listed companies at five-year high, shows data

Shareholding of foreign portfolio investors (FPIs) in listed companies is at the highest level in five years. According to the data compiled by PRIME Database, FPIs held 22.74 per cent stake in NSE-listed firms at the end of December 2020, up 123 basis points over September 2020. The increase comes on the back of Rs 1.42 trillion foreign capital flows into domestic stocks during the October-December 2020 period. READ MORE