Hawkish US Fed tone hits D-Street; Sensex slips 179 pts; IT stocks shine

A mild recovery post a gap-down start quickly dismantled during the last hour of the session as market participants offloaded metal and rate-sensitive counters

1:33 PM

BUZZING :: Infosys hits new record high

1:28 PM

Nazara Tech to acquire majority stake in Publishme for Rs 20 crore

Nazara Technologies on Thursday said it will acquire 69.82 per cent stake in Publishme, the largest mobile game publishing agency in the Middle East and Turkey, for about Rs 20 crore - a move that will help the Indian gaming major strengthen its presence in the region. Nazara has signed a binding term sheet to acquire the majority stake in Arrakis Tanitim Organizasyon Pazarlama San Tic Ltd Sti (Publishme) by way of primary and secondary transaction through its subsidiary. READ MORE

 

1:18 PM

BUZZING STOCK:: VA Tech Wabag gains 6%

1:12 PM

IT firms set to slash 3 mn jobs by 2022 due to automation

With automation taking place at a much faster pace across industries especially in the tech space, domestic software firms that employee over 16 million are set to slash headcounts by a massive 3 million by 2022, which will help them save a whopping

$100 billion mostly in salaries annually, says a report.

 

The domestic IT sector employs around 16 million, of them around 9 million are employed in low-skilled services and BPO roles, according to Nasscom. READ MORE

12:58 PM

How to check live subscription status for IPOs on NSE and BSE?

An initial public offer's (IPO) bid details or demand graph as the name suggests help investors understand the total bids received for a new public offer and demand from different quotas of investors -- Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) According to Ajit Mishra, VP - Research at Religare Broking, the subscription ratio gives an idea about what investors think about an IPO and one can look at it before subscribing to the issue. READ MORE

12:47 PM

Commodity rout :: Silver slips below Rs 70,000-mark

12:44 PM

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

Company	PRICE(rs)	52 WK HIGH	CHG(%)
A B B	1730.00	1775.00	0.73
Ambuja Cements	345.35	346.30	1.92
APL Apollo Tubes	1551.70	1553.95	4.49
Asian Paints	3058.10	3068.05	1.30
Bombay Dyeing	96.05	99.75	3.61

12:39 PM

Mutual Fund SIP asset base touches all-time high at Rs 4.67 trillion in May

Investor interest in the mutual fund industry as an avenue to generate long term wealth creation is rising with SIP's asset base touching an all-time high of Rs 4.67 lakh crore at May-end.

 

Over the past five years, the systematic investment plan or SIP AUM has grown 30 per cent annually, twice as fast as the growth in the overall mutual fund industry's assets under management (AUM). READ MORE

12:26 PM

Raymond, Bombay Dyeing: 5 mid-, smallcap stocks that can rally up to 25%

Bombay Dyeing and Manufacturing Company (BOMDYING)

Likely target: Rs 110 and Rs 117

Upside potential: 12% and 20%

As per the weekly chart, the stock has crossed the hurdle range of Rs 97 – Rs 96, reflecting an upward sentiment for the upcoming sessions. The volumes have seen phenomenal rise on any upmove, suggesting positive interest of market players. The Moving Average Convergence Divergence (MACD) has conquered the zero line, implying that the trend will remain in the upward direction with a support of Rs 80 and Rs 87 levels. The overall trend is heading towards Rs 110 and Rs 117 levels. CLICK HERE FOR THE CHART

12:13 PM

Wipro IT Services to issue $750 mn dollar denominated notes on Jun 23

Wipro on Thursday said its step-down subsidiary, Wipro IT Services, will issue US dollar denominated notes worth USD 750 million on June 23. The net proceeds of the notes, which are proposed to be listed on Singapore Exchange Securities Trading Ltd, are intended to be utilised for refinancing existing debt and general corporate purposes. READ MORE

12:00 PM

IPO alert:: Dodla Dairy subscribed 2.01 times so far on Day 2

-- QIB portion subscribed 0.24x, HNI 0.33x, and retail 3.75x, at 11:30 AM

11:59 AM

Greaves Cotton advances 10% on heavy volumes; stock nears record high

The stock was trading at its highest level since July 2017. It had hit a record high of Rs 178 on May 4, 2017. The trading volumes on the counter nearly doubled, with a combined around 9.9 million shares having changed hands on the NSE and BSE till 11:22 am. In comparison, the S&P BSE Sensex was down 0.20 per cent at 52,400 points. READ MORE

11:48 AM

Adani Group stocks extend fall

COMPANY NAME	LATEST	HIGH	LOW	CHG(%)
Adani Ports	662.85	704.00	660.15	-6.22
Adani Enterp.	1360.25	1435.25	1340.25	-6.14
Adani Power	120.90	120.90	120.90	-4.99
Adani Green	1116.00	1140.00	1112.70	-4.72
Adani Transmissi	1300.90	1300.90	1300.90	-5.00

11:41 AM

IPO Alert :: KIMS issue subscribed 32% so far on Day 2

>> QIB portion subscribed 0.14x, HNI 0.04x, Retail 1.3x, Employee 0.29

11:35 AM

CESC surges 6%, hits 52-week high post Q4 results, stock split approval

Shares of CESC surged 6 per cent and hit a 52-week high of Rs 819.15 on the BSE in intra-day trade on Thursday after the company reported healthy performance in operating front for March quarter (Q4FY21). Meanwhile, the board approved sub-division of existing 1 share of Rs 10 each into 10 shares of Re 1 each. The company intends to improve the liquidity of its shares in the stock market by reducing the nominal value of the shares through the process of subdivision, CESC said on rationale behind the stock split. READ MORE