MARKETS: Sensex leaps 895 pts from day's low, settles 453 pts up at 46,007

The broader Nifty50, on the other hand, clawed back above the 13,400-mark and closed at 13,466 level, up 138 points or 1.03 per cent

2:38 PM

Buzzing Stock :: Birlasoft gains 13%, hits fresh record high

Shares of Birlasoft (formerly KPIT Technologies) hit a fresh record high of Rs 229, surging 13 per cent on the BSE in the intra-day trade on Tuesday. Stock of the CK Birla Group and a global enterprise digital and IT services company has zoomed 224 per cent thus far in the calendar year 2020. In comparison, the S&P BSE Sensex is up 11 per cent during the year. READ MORE

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2:27 PM

NEWS ALERT :: BioNTech says can make mutation-beating vaccine in six weeks, reports AFP

2:22 PM

Sensex at day's high, touches 46,000 mark

2:19 PM

Global Market Update: London's FTSE extends losses, broader Europe recovers

London’s blue chips fell on Tuesday as a fast-spreading new coronavirus strain in the UK pushed more countries to shut their borders, while broader European markets recovered following the approval of a long-awaited U.S. aid package. London’s FTSE 100 dropped 0.2% to hover near their three-week lows, with materials and energy shares leading declines. The pan-European STOXX 600 index, meanwhile, rose 0.6%, recovering from its biggest one-day loss in nearly two months on Monday. (Source: Reuters)

2:17 PM

Concerns may be overdone, downside limited for Mphasis stock

Shares of Bengaluru-based IT services company Mphasis are trading with marginal gains over the past 3 months, sharply lagging the Nifty IT index's 18 per cent gains during this period.

While its outperformance during July-September could be a reason, concerns over Mphasis’ DXC business and the buzz around stake sale by private equity (PE) player Blackstone have kept investors on the sidelines despite the company's healthy fundamentals. READ MORE

2:04 PM

Sensex gains 200 pts :: IT, select financials lift the index

1:59 PM

Nifty back above 13,350 levels

1:58 PM

MARKET CHECK :: Sensex stages smart recovery

1:53 PM

L&T Infotech hits record high, L&T Tech surges 7% in a weak market

Shares of Larsen & Toubro (L&T) Group technology services companies were in focus at the bourses on Tuesday, rallying up to 7 per cent on the BSE in intra-day deals in an otherwise weak market. The stock of L&T Infotech (LTI), a global technology consulting and digital solutions Company rose 6 per cent to Rs 3,615, surpassing its previous high of Rs 3,515, touched on October 12, 2020. In comparison, the S&P BSE Sensex was down 0.06 per cent at 45,525 points at 01:18 pm. READ MORE

1:48 PM

Tata Steel, UPL, Tata Motors: Bear grip firm on stocks with UK exposure

Tata Steel Ltd (TATASTEEL): A Gap down closing on December 21, 2020 dismantled the upside bias in the stock. However, as long as the stock holds the support of Rs 575 levels, it may regain its upside momentum. On the weekly chart, the stock broke below the low of 'spinning top', placed at Rs 617, that induced a negative outlook. The Relative Strength Index (RSI) has formed a negative crossover suggesting selling pressure to get intense if crucial supports are broken ahead. On the upside, the stock needs to conquer Rs 625 levels to enter the bull territory. The next support comes at Rs 552 levels. READ MORE

1:32 PM

Sector Watch | BSE Telecom best sectoral gainer amid gains in Airtel

1:24 PM

Economic recovery, fewer NPAs to drive banks' re-rating in 2021: Analysts

Weathering the Covid-19 pandemic better-than-expected, nursing their balance sheets, and gaining meaningful market share, large private banks and financial institutions are likely to enter a ‘golden age’ in 2021, analysts say. Private lenders strengthened their capital, built excess provisions, improved liquidity positions, and increased digital adoption to come out strong from the Covid-19 crisis. READ MORE

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1:14 PM

UK economy grew by record 16% in 3rd quarter after first lockdown slump

Britain’s economic recovery from its coronavirus crash was a bit quicker than previously thought in the July-September period, official data showed on Tuesday. Gross domestic product grew by a record 16.0% in the third quarter - revised up from a previous estimate of 15.5% - but that still did not make up for its 18.8% slump in the April-June period when much of the economy was shut down. (Source: Reuters)

1:08 PM