Sensex dips 155 pts as record Covid cases weigh on indices; pharma stks up

Trends in the broader markets were mixed as the S&P BSE SmallCap index closed 0.7 per cent higher while the S&P BSE MidCap index dipped 0.07 per cent.

1:37 PM

Pharma shares outperform in a weak market; Cadila Health advances 6%

1:28 PM

Stocks that hit 52-week high on BSE today in an otherwise rangebound market

Company	PRICE(rs)	52 WK HIGH	CHG(%)
ACC	1967.60	2022.75	-0.59
Ambuja Cements	317.25	329.90	-1.31
Bajaj Consumer	286.90	298.30	6.38
Balrampur Chini	236.75	247.90	1.13
Birla Corpn.	989.60	1014.20	1.33

1:28 PM

IPO Update | Macrotech Developers IPO subscribed 43% so far on Day 3

> The issue closes for subscription today

1:17 PM

MARKET UPDATE:: Broader indices outperform benchmarks

1:10 PM

Sector Watch | Nifty Metal worst performing sector in afternoon session

1:04 PM

BUZZING STOCK:: JSW Energy surges as high as 11% in intra-day trade

12:55 PM

SECTOR WATCH:: Pharma stocks gain in an otherwise rangebound market

Company	LATEST(rs)	CHG(%)
Cadila Health.	500.05	6.24
Sun Pharma.Inds.	639.45	4.09
Glenmark Pharma.	525.40	4.11
Cipla	869.85	3.34
IOL Chemicals	622.30	2.14

12:48 PM

Chart check: How to position yourself ahead of Q4FY21 results season

India Inc is geared up to report its March quarter earnings from next week onwards with IT bellwether Tata Consultancy Services (TCS) scheduled to kick start the results season from Monday, April 12. Thereafter, Infosys, Wipro and Mindtree will report Q4 numbers on April 14, 15 and 16, respectively. Led by a surge in prices of metals and energy and a continued better show by lenders, India Inc is expected to report high double-digit growth in revenue and one of the highest quarterly profits in the fourth quarter of 2020-21. READ MORE

12:36 PM

GameStop's strong stock performance triggered board director's exit

Hestia Capital Partners LP managing director Kurt Wolf joined GameStop Corp's board to make the U.S. video game retailer more valuable. Then it became too valuable for him to stay on.

 

The hedge fund manager resigned his directorship this week because his investors fretted the bet on the company, which scored a paper gain of 3,500%, had become too large and risky, three people familiar with the matter said on Thursday. READ MORE

12:20 PM

India's retail inflation likely rose in March but stayed within target

India's retail inflation edged up to a four-month high in March, led by an increase in food and fuel prices, but remained within the Reserve Bank of India's target range, a Reuters poll predicted. The April 5-8 poll of more than 50 economists showed retail inflation rose to 5.40% in March from a year earlier as opposed to 5.03% in February. Forecasts ranged from 4.60% to 6.11%. READ MORE

 

12:08 PM

Heatmap: S&P BSE Sensex gainers and losers at this hour

11:54 AM

Top losers on BSE at this hour

Company	PRICE(rs)	CHG(%)
HEG	2266.20	-4.27
Meghmani Organ.	131.50	-3.91
Future Retail	48.40	-3.59
Graphite India	668.40	-3.54
Prism Johnson	134.60	-3.20

11:44 AM

Economic activity rebounds globally even as Covid-19 cases rise: Moody's

Moody's Investors Service has said that high-frequency alternative data indicates a strong rebound in economic activity even as infection rates rise and restrictive measures remain in place across many countries. New infections are spiking again across 13 of the G-20 countries. Nevertheless, the number of fatalities has decreased in recent weeks as vaccinations gather pace. READ MORE

11:35 AM

Khadim India rises for fourth day, jumps 7% on credit rating tweak

Khadim India shares extended their winning run to the fourth day in a row and jumped over 7 per cent in intra-day trade on Friday to hit a high of Rs 159 on the BSE following a change in the credit rating of the company by rating agency ICRA. ICRA has revised long term credit rating on the company's overall borrowings of Rs 204 crore to BBB- from BBB, although, it tweaked the outlook to 'Stable' from 'Negative'. The short term rating on the company's borrowings was revised to A3 from A3+ by ICRA, said the company in its BSE filing. READ MORE

11:27 AM

PSU Bank stocks rally on report govt may soon approve privatisation roadmap

Shares of public sector banks (PSBs) were on a roll in Friday's session after a Buisness Standard report said senior officials of the Niti Aayog, the Reserve Bank of India (RBI), and the finance ministry’s financial services and economic affairs departments are set to meet on April 14 (Wednesday) to discuss the potential candidates for privatisation. READ MORE