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.

10:54 AM

Top gainers on BSE at this hour

COMPANY	PRICE(rs)	CHG(%)
I T D C	341.75	12.75
BEML LTD	1026.00	11.69
VEDANTA	164.15	9.11
FIRSTSOUR.SOLU.	86.15	7.89
NEW INDIA ASSURA	135.15	7.22

10:45 AM

Ambuja, ACC rally up to 10% on renewal of tech fees agreement with Holcim

Shares of Holcim-promoted cement companies – Ambuja Cements and ACC – rallied up to 10 per cent on the BSE on Thursday after the companies received board approval for paying technology fees to their parent company, Holcim Ltd. The TKH fees with the foreign promoter Holcim has been kept at 1 per cent of net sales every year for two years with effect from January 1, 2021. Among individual stocks, Ambuja Cements has rallied 10 per cent to Rs 261, while ACC jumped 7 per cent to Rs 1,692 on the BSE in intra-day trade. READ MORE

10:35 AM

Mrs Bectors Food jumps 2x against issue price

Shares of Mrs. Bectors Food Specialities made a strong debut at the bourses on Thursday with stock of the biscuit and bread manufacturer listing at Rs 501, a 74 per cent premium against its issue price of Rs 288 per share on the BSE on Thursday. A minute into the debut, the stock surged to its maximum upper limit of 20 per cent at Rs 601.20, rising more-than-double the issue price on the BSE. READ MORE

10:31 AM

Sensex extends rally, jumps 400 points on gains in HDFC duo, RIL

10:26 AM

Top India stock fund shuns 'trash' value rally ahead of vaccine rollout

In a year when unprecedented moves in equity markets have whipsawed investors around the world, Ajay Tyagi says a rule that he has been sticking to in his two-decade investing career has served him well: focus on quality stocks. The $1.8 billion UTI Equity Fund managed by him has returned 26% this year to be the top performer among Indian stock funds with at least $1 billion in assets. READ MORE

10:17 AM

News Flash :: India challenges Vodafone arbitration ruling in Singapore

A BS report earlier said the unfavourable verdict in a tax dispute with Cairn Energy Plc may prompt the Centre to challenge the Vodafone order before a Singapore court, according to tax officers. The award of over Rs 8,800 crore in favour of Cairn Energy will mean a considerable hit in the government's finances. READ MORE

10:08 AM

Mrs Bectors shares hit 20% upper price band of Rs 601 after listing at Rs 501

10:00 AM

Vedanta surges 8% after promoters buy additional stake via open market

Reports on Wednesday said that the Vedanta promoters will launch an offer to buy 185 million shares of Vedanta i.e. about 4.9 per cent stake of total equity through block deal. The promoters have fixed the price range between Rs 150 and Rs 160 per share for the offer. With this transaction, promoter’s stake in the company will likely to increase from 50.14 per cent to 55.04 per cent. READ MORE

9:52 AM

NEWS ALERT | Govt begins investigation into anti- dumping imports of stainless steel: TV report

>> According to a CNBC TV18 report, investigations have begun from a total of 15 countries including China, Korea, EU, Japan, US.

9:49 AM

Bumper Listing Expected:: Mrs Bectors Food quotes at Rs 500 in pre-open vs issue price of Rs 288/sh

9:42 AM

INDEX CHECK :: Nifty tops 13,700

9:36 AM

Hathway Cable up nearly 5% on 100% FDI approval

9:33 AM

Orient Bell rallies 14%

>> Equity Intelligence India and Porinju Veliyath increased shareholding in the company to 5.02 percent from 4.91 percent earlier.

9:32 AM

BUZZING STOCK :: Ambuja Cements soars over 6%

9:28 AM

Bharat Forge declines 2%

>> Auto component major Bharat Forge on Wednesday said its three Germany-based subsidiaries have reached a settlement with the European country's national competition regulator in connection with two separate proceedings. "In the said matter, the German Subsidiaries have reached settlement in an aggregate amount of Euro 32 million (around Rs 287 crore) to be paid over the next five years.