Bulls beat bears after 2 days; Sensex gains 568 pts, Nifty tops 14,500

Bajaj Finserv, Asian Paints, HUL, Titan Company, Bajaj Auto, and HDFC were leading the list of gainers on the Sensex, up between 2.7 per cent and 4.4 per cent

3:01 PM

MARKET VIEW | CapitalVia Global Research on Suryoday SFB listing

Suryoday Small Finance Bank got listed today and is trading at almost 7% discount to the issue price. If we talk about Small Finance Banks (SFBs), the year has been tough for them because of the pandemic. If we talk about valuations, the IPO seemed reasonably priced as the company has very strong fundamentals. It has one of the highest Net Interest Margins (NIMs), RoA, and a strong deposit growth. The performance of IPO on the listing day can also be attributed to the recent selling pressure in the financial services sector. Investors with long-term outlook in the company can continue to hold on to their shares as the company seems to be appropriately placed among its peers. 

 

2:53 PM

Steel stocks in focus; JSW Steel hits record high, SAIL nears 52-week high

Steel companies were in focus on Friday as shares of select firms rallied up to 7 per cent on the BSE in intra-day trade on expectation of further improvement in operating margins driven by healthy export order and higher realisations. While Tata Steel, Steel Authority of India (SAIL), Tata Steel Bsl and Jindal Steel & Power surged between 6 per cent and 7 per cent on the BSE, JSW Steel hit a record high of Rs 452.30, up 3 per cent in the intra-day trade, surpassing its previous high of Rs 448.80 touched on March 22. READ MORE

2:46 PM

MARKET UPDATE:: Nifty MidCap index outperforms; India VIX dips 8%

2:36 PM

MARKET UPDATE | HDFC twins among top contributors to Sensex's 600-pts gain today

2:35 PM

Sensex Heatmap at this hour

2:24 PM

Welspun India spurts 10% on rating upgrades by India Ratings

Shares of Welspun India (WIL) advanced 10 per cent to Rs 84.65 on the BSE in intra-day trade on Friday after rating agency India Ratings & Research, a Fitch Group firm, upgraded the long-term credit rating of the company from IND AA- to IND AA with a stable outlook. The stock of the textiles company was trading close to its 52-week high of Rs 87.60 touched on March 15. READ MORE

2:17 PM

Commodity gains push European stocks to 1-week high

European stocks rose on Friday, helped by gains in commodity-linked companies as investors balanced worries about surging coronavirus cases with the prospect of a strong US economic recovery.

 

The pan-European STOXX 600 index rose 0.8%, hitting a one-week high. The benchmark was on course for its fourth straight weekly rise.

(Source: Reuters)

2:09 PM

M&M names Anish Shah as MD & CEO from April 2; Pawan Goenka to step down as MD

1:58 PM

NEWS ALERT :: Shriram City Union declares interim dividend of Rs 10 per share

> Fixes April 7 as record date for the payment of aforesaid dividend

1:53 PM

Corporate Action :: RVNL declares interim dividend of Rs 1.14/share for FY21

>> The Record date i.e. Friday, 9th April, 2021 for determining eligibility of shareholders for payment of Interim Dividend has been fixed for the said purpose.

 

>> Interim Dividend payment will be completed on or before 24.04.2021.

1:47 PM

NEWS ALERT :: Parag Milk board to consider fund-raising on April 1

Parag Milk Foods' Board of Directors are scheduled to meet on April 1 to consider fund raising by way of preferential issue of equity shares, Foreign Currency Convertible Bonds (FCCB)

1:46 PM

Stocks that hit 52-week high on BSE today

Company	PRICE(rs)	52 WK HIGH	CHG(%)
Godrej Industrie	526.00	540.00	0.16
JSW Steel	444.70	449.35	1.52
KSB	882.45	894.55	2.21
Prism Johnson	126.00	126.50	2.61

1:44 PM

Improved outlook, vaccine progress lift emerging east Asian bond markets

An improving global economic outlook and progress on coronavirus disease (Covid-19) vaccinations have pushed up bond yields in emerging east Asia. Local currency bond markets in the region expanded to 20.1 trillion dollars by the end of 2020, according to the latest issue of Asian Development Bank's (ADB's) bond monitor. Investor sentiment and financial conditions also improved. READ MORE

1:35 PM

BOJ forms panel to help guide central bank digital currency experiment

Set to begin experimenting in how to operate a central bank digital currency, the Bank of Japan said on Friday that it has formed a committee bringing together policymakers and lobbyists from the banking and finance sector to help with the project.

 

"While there is no change in the BOJ's stance it currently has no plan to issue a central bank digital currency, we believe that initiating experiments at this stage is a necessary step," BOJ Executive Director Shinichi Uchida said in opening remarks at the first meeting of the committee held on Friday. READ MORE

1:25 PM

NEWS FLASH :: M&M board approves consolidation of Mahindra Electric Mobility into the company

Read the details here