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

11:01 AM

Aavas Financiers shares rally 12%, hit fresh lifetime high

Shares of Aavas Financiers, on Tuesday, surged 12 per cent intra-day and hit a record high of Rs 2,320 on the BSE on expectation of earnings improvement. The stock of the housing finance company surpassed its previous high of Rs 2,113, touched on January 5, 2021. Thus far in the month of February, Aavas Financiers has outperformed the market by gaining 28 per cent, after the government, in the Budget 2021-22, extended the affordable housing tax holiday up to March 2022. In comparison, the S&P BSE Sensex was up 6 per cent during the same period. READ MORE

10:45 AM

Jeff Bezos-Mukesh Ambani tussle tests India's allure for foreign investors

The tussle between two of the world’s richest men -- Jeff Bezos and Mukesh Ambani -- to dominate India’s estimated $1 trillion retail market is testing foreign investor patience with flip-flopping court rulings. This week saw new developments in Amazon.com Inc.’s legal battle to block Ambani’s Reliance Industries Ltd. from acquiring Future Retail Ltd.’s assets, in what would be the country’s largest retail-sector deal. READ MORE
 

10:29 AM

Bitcoin extends gains above $47,000 in Asia

Cryptocurrencies extended gains in Asia on Tuesday, with bitcoin and ethereum reaching record highs, in the wake of a Tesla Inc investment in bitcoin. Bitcoin added as much as 2.5% to hit a record high of $47,565.86 on Tuesday and has gained 61% for the year so far.

(Source: Reuters)

 

10:19 AM

Govt will bring bill on cryptocurrencies to Parliament soon: MoS Finance

- Existing laws inadequate to regulate cryptocurrencies (Source: Agencies)

10:11 AM

Bond Market Alert

10-year bond yield at 6.088% vs 6.039% on Feb 8

10:08 AM

SECTOR WATCH:: IT stocks outperform

10:05 AM

Rupee opening

Rupee opens higher at 72.88/$ vs Monday's close of 72.96 against the US dollar

9:53 AM

Balaji Amines zooms 20%, hits fresh high on strong Q3 numbers

Total income increased 63.7 per cent year-on-year (YoY) to Rs 366.85 crore as sales volume jumped 34 per cent YoY. Ebitda (earnings before interest, taxes, depreciation, and amortisation) was at Rs 98.77, up 116 per cent YoY. Ebitda margin improved 647 basis points (bps) to 26.92 per cent from 20.45 per cent in the previous year quarter. READ MORE

9:46 AM

Nifty PSU Bank index slips in early deals

9:43 AM

Vedanta up 2% on fund raising plan

>> A meeting of Committee of Directors is slated to be held on February 11 to consider offering of secured NCDs aggregating up to Rs 500 crore in one or more tranches.

9:34 AM

Tata Motors slips on weak JLR sales numbers

>> JLR UK sales was down 42.8 per cent YoY at 4,542 units, while Jaguar UK sales fell 60.7 per cent at 914 units. Land Rover UK sales went down 35.4 per cent at 3,628 units.

9:33 AM

Result Impact :: Galaxy Surfactants hits 52-week high

>> The company on Monday reported a 77.59 per cent YoY growth in profit after tax (PAT) during the quarter ending December 31, 2020, at Rs 85.23 crore.

9:31 AM

Wipro rallies 3% on appointment of new country head

>> The IT major announced the appointment of Michael Seiger as the country head and managing director for Germany and Austria.

9:29 AM

BPCL gains on strong Q3 results

>> The firm has reported Rs 1,900.63 crore consolidated profit for the third quarter of FY21. This is a fall from the Rs 2,051 crore profit reported by the company in the same months of the previous financial year. The BPCL Board also declared an interim dividend of Rs 16 per equity share of face value Rs 10 each or 160 per cent.

9:27 AM

NMDC advances 2% on improvement in bottom-line in Q3

>> The company said its consolidated net profit jumped 53 per cent year-on-year (YoY) to Rs 2,108 crore for the quarter ended in December.