Sensex gains for 2nd day, ends 437 pts up at 46,444; HUL, Infy top gainers

India VIX cooled off over 6 per cent to end at 20.5 levels

10:15 AM

Animal spirits unchanged: Economy stable in Nov as retail demand improves

All eight high-frequency indicators tracked by Bloomberg News were steady last month, keeping the needle on a dial measuring the so-called ‘Animal Spirits’ unchanged at 5. The level was arrived at by using the three-month weighted average to smooth out volatility in the single-month readings.

 

The pace of activity thus far was enough for the nation’s central bank to revise its forecast for the economy, which it now expects to exit a recession in the current quarter to December. READ MORE

10:04 AM

Rupee Opening

Rupee opens lower at 73.90 per US dollar vs Tuesday's close of 73.84/$

9:59 AM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(%)
VODAFONE IDEA	9.55	0.32
SUZLON ENERGY	5.14	3.84
TATA MOTORS	166.30	0.76
PUNJAB NATL.BANK	32.35	-3.29
SOUTH IND.BANK	8.74	5.17

9:47 AM

Firstsource Solutions gains 5% on acquisition of PatientMatters

Shares of Firstsource Solutions traded 5 per cent higher at Rs 79 on the BSE on Wednesday after the company announced that the firm has acquired PatientMatters, a healthcare Revenue Cycle Management (RCM) solutions provider. On Tuesday, Firstsource's stock had recovered 19 per cent from its intra-day low of Rs 66.50 on the BSE. It hit a 52-week high of Rs 81.75, on December 17, 2020. READ MORE

9:38 AM

ONGC slips 2% on weak oil prices

9:37 AM

Burger King advances over 3%

9:36 AM

MARKET VIEW | V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Periods of sustained market buoyancy like this can be used to churn portfolios. Most portfolios will have some poor quality stocks. Such stocks can be sold, even at a loss, in favour of quality stocks in performing sectors, even if they are slightly expensive. A clear trend in the market is the outperformance of quality IT stocks. The market is discounting the improving prospects of the IT sector.

9:36 AM

SBI Card trades with positive bias

>> SBI Cards and Payment Services (SBI Card) has raised Rs 450 crore by issuing bonds on a private placement basis, the company said on Tuesday.

9:35 AM

Thirumalai Chemicals jumps around 7%

9:30 AM

MARKET CHECK :: Indices turn positive

>> S&P BSE SEnsex trades at 46,109.45 level, up 102.76 points or 0.22%

>> Nifty quotes at 13,500.30 level, up 34 points or 0.25% 

>> S&P BSE MidCap index is at 17,384.33 levels, up 132.73 points or 0.77%

9:28 AM

Jubilant FoodWorks gains over 3%

>> The company has introduced plant-protein Pizza. The variant would be available at all Domino's restaurants across Delhi NCR, Mumbai and Bengaluru.

9:25 AM

AstraZeneca India rallies 4% as India may approve emergency use of the vaccine

>> India is likely to approve Oxford/AstraZeneca’s coronavirus vaccine for emergency use by next week, a Reuters report claimed. Meanwhile, the company said it has received marketing authorisation for an asthma drug from the Drugs Controller General of India (DCGI).

9:23 AM

Majesco advances around 5% as stock turns ex-date for dividend payout

9:22 AM

Infosys hits fresh high

>> Infosys on Tuesday said it has formed a long-term partnership with Daimler AG for a technology-driven IT infrastructure transformation. After the receipt of all regulatory approvals, Daimler AG will transform its IT operating model and infrastructure landscape across workplace services, service desk, data center, networks and SAP Basis together with Infosys, a statement said.

9:21 AM

Wipro gains nearly 3.5% on buyback date announcement

>> Wipro on Tuesday said its up to Rs 9,500-crore share buyback programme will commence on December 29 and close on January 11, 2021. In another update, the company has inked $700 million takeover deal with Metro AG and over 1,300 staff from German company would move to the Indian firm.