Sensex ends at day's low, down 746 pts ; Bajaj Auto jumps 11%; RIL down 2%

Shares of Reliance Industries ended 2.4 per cent lower on Friday ahead of the announcement of its December quarter results. The shares have surged around 6 per cent during the week

1:22 PM

SBI, ITC, Titan: Over 50% of Sensex constituents look weak on charts

As per the weekly and daily charts, the index is set to rise towards 54,000 levels in the next six months. Moreover, the index is witnessing aggressive buying momentum in the overbought territory of Relative Strength Index (RSI), suggesting the up move is confident of absorbing all the selling pressure emerging in the uncharted territory. That said, there are few stocks on the index that are not exhibiting the expected momentum. READ ABOUT THEM HERE!

1:12 PM

SBI Cards gains 5%, hits new high on assets quality improvement in Q3

Shares of SBI Cards and Payment Services (SBI Cards) rallied 5 per cent to Rs 1,026 on the BSE in the intra-day trade on Froday after a sharp improvement in asset quality during October-December quarter (Q3FY21). The stock was trading at the highest level since its listing on March 16, 2020. At 12:11 pm, SBI Cards was trading 4 per cent higher at Rs 1,020, as compared to a 0.73 per cent decline in the S&P BSE Sensex. The trading volumes on the counter more-than-doubled with a combined 3.5 million equity shares having changed hands on the NSE and BSE till the time of writing of this report. READ MORE

1:07 PM

RIL, private lenders among top Sensex drags today

1:01 PM

ALERT :: Sensex tumbles over 550 pts

12:49 PM

Adani Total Gas, Torrent Gas acquire 5 pc stake each in IGX

Adani Total Gas and Torrent Gas have become the first strategic investors in IGX (Indian Gas Exchange) by acquiring five per cent stake each, according to the Indian Energy Exchange (IEX). The IGX is an arm of IEX and first authorised gas exchange in the country.  The IGX partnership with the two leading gas players will go a long way in developing India's gas markets, an IEX statement said.  The IEX had on Friday announced the first strategic divestment of shares in the IGX. (Text Source: PTI)

12:43 PM

Top losers on BSE at this hour

Company	PRICE(rs)	CHG(%)	VOLUME
Biocon	403.65	-8.67	784733
S A I L	60.05	-7.54	5185472
SRF	5410.00	-6.31	19548
CESC	668.00	-5.85	39673
South Ind.Bank	8.56	-5.62	5900540

12:28 PM

Bandhan Bank sinks 11% in 2 days on disappointing December quarter results

However, operating performance remains strong, led by higher net interest income (NII) as margin improved 30 basis points (bps) sequentially, while assets under management (AUMs) grew at 23 per cent YoY. NII for the quarter grew by 34.5 per cent to Rs 2,072 crore as against Rs 1,540 crore in the corresponding quarter of the previous year. READ MORE

12:18 PM

NEWS ALERT :: Caplin Point gets US FDA nod for Argatroban Injection

12:14 PM

Budget 20201 :: From Covid-19 cess to higher spending, here's what brokerages expect

While most experts suggest the government loosen its purse strings and not worry about the fiscal deficit in a pandemic impacted year, it will be a tightrope walk for the government to increase spending without going overboard. Growth and not fiscal prudence, experts say, should be the priority for the government now. READ MORE

12:02 PM

Bitcoin heads for worst weekly loss in months

Bitcoin wavered on Friday and was heading toward its sharpest weekly drop since September, as worries over regulation and its frothy rally drove a pullback from recent record highs. The world’s most popular cryptocurrency fell more than 5% to an almost three-week low of $28,800 early in the Asia session, before steadying near $32,000. It has lost 11% so far this week, the biggest drop since a 12% fall in September. (Source: Reuters)

11:58 AM

Bajaj Finance has enough headroom to withstand moderate downside risks: S&P

BFL's performance is expected to remain better than the industry average. The company's non-performing loan ratio stood at 2.9 per cent as of December 31, 2020, compared to 1.6 per cent a year earlier. This level is in the absence of a Supreme Court ruling barring banks and finance companies from classifying any borrower as a nonperforming asset. Restructured loans formed about 1.4 per cent of BFL's gross loans. READ MORE

11:46 AM

Cyient soars 15% on expectation of margin improvement in March quarter

Cyient shares soared 15 per cent to Rs 584 on the BSE on Friday in intra-day trade on the back of heavy volumes after the company's management said it expects sequential improvement in margins in the January-March quarter (Q4FY21), driven by the increase in volume and improvement in operational efficiencies. The stock of the information technology (IT) & software company was quoting at its fresh 52-week high level. READ MORE

11:36 AM

NTPC declares 150 MW unit of Kameng Hydro-Electric Project commercially operational

State-run power producer NTPC on Friday said 150 mega watt (MW) unit of Kameng Hydro-Electric Project of its subsidiary North Eastern Electric Power Corporation is commercially operational. "Consequent upon successful commissioning, unit-3 of 150 MW of Kameng Hydro-Electric Project (4x150 MW) of North Eastern Electric Power Corporation Ltd (a wholly owned subsidiary company of NTPC Ltd) has been declared on commercial operation with effect from 00:00 hours of January 22, this year," NTPC said in a regulatory filing. (Text Source: PTI)

11:27 AM

Auto stocks in top gear; Bajaj Auto surges 9% on strong performance in Q3

Shares of automobile and auto ancillary companies were in top gear on Friday, with Nifty Auto and the S&P BSE Auto indices surging nearly 4 per cent at the bourses, hitting their respective 52-week highs, following a strong performance during the quarter ended December 2020 (Q3FY21). READ MORE

11:22 AM

BUZZING STOCK :: Hero Moto stock jumps 4% as firm crosses 100-million milestone

Hero MotoCorp, the country's largest two-wheeler maker, on Thursday said it has crossed the 100 million (10 crore) cumulative production milestone since its inception in 1984, and announced to introduce over 10 products annually in the next five years to keep its growth momentum. The company rolled out the 100 millionth unit, Xtreme 160R model, from its manufacturing facility in Haridwar.