Sensex ends lacklustre trade 272 pts up; Nifty tops 14,700; metal, IT rally

The benchmark S&P BSE Sensex swung within a band of 400 points, hitting a high and low of 49,011 and 48,614 levels, respectively

11:07 AM

NEWS ALERT :: J&K Bank Board to consider raising of capital on May 12

The Board of Directors of the Bank will meet on Wednesday, 12th May, 2021 inter-alia to consider/discuss the proposal of capital infusion by the Govt. of Jammu & Kashmir as its promoter shareholder to the tune of Rs 500 crores in the Bank

11:04 AM

Indian Energy Exchange gains 5% on strong business update for April

Shares of Indian Energy Exchange (IEX) edged higher by 5 per cent to hit a new high of Rs 406 on the BSE in intra-day trade on Thursday after the company said it achieved a 90.2 per cent year-on-year (YoY) growth in power market trades at 7,707 million units (MU) volume in the month of April 2021. While the growing electricity consumption has been one of the key factors behind the consistent performance of the Exchange market, its robust value proposition in terms of the most competitive prices, flexible, and efficient procurement position Exchange as the most preferred destination for power procurement for both the distribution utilities as well as the industrial consumers, IEX said in a press release. READ MORE

10:57 AM

Fall from intra-day high in BSE500 stocks in today's session

COMPANY	DAY'S HIGH(RS)	DAY'S LOW(RS)	LATEST(RS)	FALL(%)
Shri.City Union.	1756.10	1587.15	1613.05	-8.15
IDBI Bank	43.50	40.15	40.90	-5.98
Tata Metaliks	1215.90	1131.00	1157.90	-4.77
Deepak Nitrite	1989.20	1887.25	1895.30	-4.72

10:44 AM

Q&A | Return from Indian stocks in next 1-yr will be disappointing: Marc Faber

The Indian economy, I feel, should grow at 4 – 5 per cent in real terms in 2021. That said, it is difficult to predict the possibility of a recession right now for Indian economy. READ FULL INTERVIEW HERE

10:32 AM

India's stock market shockingly resilient amid Covid-19 devastation

Why isn’t India’s stock market falling more? The question is a fair one, considering the risky asset class in a country struggling with its most horrific calamity since its violent partition and independence nearly 75 years ago. New daily Covid-19 infections have remained above 300,000 for two weeks now, the worst caseload the world has seen. The death rate is 3,700-plus — probably much higher if you discount the underreported official statistics. READ MORE

10:20 AM

Bajaj Healthcare in focus :: Co launches Ivermectin Tablets

IVEJAJ tablets comprising Ivermectin. Ivermectin is an Anti-Parasitic Drugs, which is used to control parasitic roundworm infections and curing parasitic infections, helps to improve health of Covid-19 patients. 
 

10:16 AM

MARKET CHECK :: Sensex slips into the red

10:10 AM

Tata Steel gains 6%, hits new high on strong March quarter results

Shares of Tata Steel rose 6 per cent and hit a new high of Rs 1,128.80 on the BSE in intra-day trade on Thursday after the company reported a higher-than-expected consolidated net profit, attributable to owners of the company, at Rs 6,644 crore in the March quarter (Q4) of FY21, against a net loss of Rs 1,481 crore in the corresponding period last year.

 

Revenue from operations jumped 39 per cent year-on-year (YoY) to Rs 49,977 crore on the back of higher steel prices and strong volumes, leading to strong operational gains. READ MORE

10:00 AM

March Quarter Results :: Coforge reports profit of Rs 133 crore

>> Revenue: Rs 1,261 crore

9:49 AM

SECTOR WATCH:: Metals in focus

9:49 AM

Sectoral trends on the NSE at this hour

9:39 AM

IDBI Bank shares zoom 15% as Cabinet gives in-principle nod to divestment

Shares of IDBI Bank surged 15 per cent to Rs 43.50 on the BSE in the intra-day trade on Thursday after the Cabinet Committee on Economic Affairs gave its in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank. At 09:21 am, the stock was trading 9 per cent higher at Rs 41.35 on the BSE on the back of heavy volumes. Around 2.7 million equity shares had changed hands on the BSE in the first few minutes of trade, as compared to an average 1.74 million shares traded in the past two weeks. In comparison, the S&P BSE Sensex was up 0.10 per cent at 48,728 points. READ MORE

9:33 AM

Adani Green rises 1.6% post Q4 nos

Adani Green Energy reported consolidated profit of Rs 104 crore for Q4FY21 against Rs 56 crore reported in Q4FY20.

9:32 AM

Most active stocks by volume

Company	PRICE(rs)	CHG(%)	VOLUME
IDBI Bank	41.40	9.09	3711390
B H E L	57.90	2.30	1689232
Vodafone Idea	8.35	-0.24	1218148
Suzlon Energy	5.08	0.20	1007434
Bank Of Maha	25.40	5.18	948681

9:28 AM

Praj Industries slips in a firm market

HDFC Mutual Fund sold 434,583 equity shares (0.24 per cent) in Praj Industries via open market transaction on May 3, reducing shareholding to 6.51 per cent.