Indices end near records; Sensex gains 529 pts; RIL up 2.5%, Infy dips 1%

Markets will remain shut on Friday on account of Christmas.

2:45 PM

After Sebi mandate on multicap funds, Axis MF moves scheme to new category

Peeved at fund houses allocating a bulk of multicap fund investments in large cap stocks, capital markets regulator Securities and Exchange Board of India (Sebi) had in September asked fund houses to ensure at least 25 per cent of the assets under management are invested in small cap, mid cap and large cap stocks to ensure proper nomenclature. READ MORE

2:36 PM

MARKET CHECK :: Nifty nears record peak of 13,777

2:26 PM

Sensex contributors :: RIL, private banks do the heavy lifting

2:17 PM

Market Watch :: Sensex hovers near day's high, up 450 points

1:59 PM

MARKET COMMENT :: Rusmik Oza, executive Vice President, Head of Fundamental Research at Kotak Securities

This has been a short but eventful week with wide gyration in stock prices. After the sharp correction seen on Monday prices have recovered in the last three days. Monthly expiry has also contributed to the higher volatility. Nifty’s closing near the previous week high indicates strong rollovers on the back of healthy FII flows seen this month. IT stocks have again come into limelight because of the large mega deals announced by Infosys and Wipro this week. Some of the old economy stocks from oil & gas, automobile and metals & mining have come under selling pressure this week. This week has seen moderation in flows from both FIIs and DIIs. We can expect muted FII activity in the next week also due to year end phenomenon but expect activity to pick up sharply from the first week of January. Most probably Nifty should take support at 13,000 levels with likely break out above the 14,000 level sometime in January

1:51 PM

BUZZING STOCK:: Reliance Industries up 2%

1:39 PM

MARKET CHECK :: Sensex trades near's day high

1:39 PM

SECTOR WATCH:: Nifty Bank index up over 500 points

1:27 PM

This Rakesh Jhunjhunwala-owned stock hits 12-year high; nears record peak

Shares of Firstsource Solutions rose 11 per cent and hit an over decade-high of Rs 88.70 on the BSE on Thursday, surging 24 per cent in the past three days, after the firm acquired PatientMatters, a healthcare Revenue Cycle Management (RCM) solutions provider. The stock was trading at its highest level since January 2008. Besides, it is 5 per cent away from its all-time level of Rs 93, touched on May 15, 2007. READ MORE

1:21 PM

On cusp of Brexit trade deal, European Union and UK hash out final details

Britain and the European Union were on the cusp of striking a narrow trade deal on Thursday, swerving away from a chaotic finale to a Brexit split that has shaken the 70-year project to forge European unity from the ruins of World War Two. While a last-minute deal would avoid the most acrimonious ending to the Brexit divorce, the United Kingdom is heading for a much more distant relationship with its biggest trade partner than almost anyone expected at the time of the 2016 Brexit vote. READ MORE
 

1:21 PM

SpiceJet ties up with GMR Hyderabad Air Cargo for storage, delivery of Covid-19 vaccine

Low cost carrier SpiceJet on Thursdayannounced that it has signed an MoU with GMR Hyderabad Air Cargo (GHAC), a GMR group company,for providing a seamless service to all vaccine manufacturers in the region. As part of this association, SpiceXpress the cargo arm of SpiceJet envisions to provide efficient, speedy and reliable solutions for vaccine delivery, while also creating a sustainable cold chain network. (Text Source: PTI)

1:10 PM

BUZZING IN TRADE :: Godfrey Phillips shares advance 7%

1:00 PM

ESG investing gathers steam worldwide amid Covid-19 pandemic: Experts

Investors worldwide have been re-evaluating their portfolios based on environmental, social, and governance (ESG) parameters in the aftermath of the pandemic, with institutional players, wealth management clients, and millennials driving the change, a research note put out by EY India observed. READ MORE

12:55 PM

Stocks that hit 52-week high on BSE today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(%)
ADANI ENTERP.	475.55	476.75	2.68
ASIAN PAINTS	2623.45	2656.25	-0.73
ASTRAL POLY TECH	1600.90	1635.00	0.71
BAJAJ AUTO	3387.50	3422.20	2.37
BERGER PAINTS	726.10	738.50	-1.02

12:45 PM

Corporate Action :: Government of Himachal Pradesh allots hydroelectric projects for 501 MW to SJVN

>> Projects alloted include 104 MW Tandi, 130 MW Rashil and 267 MW Sach Khas hydroelectric projects on Chenab Basin

(Source: BSE filing)