Sensex up 303 pts, Nifty tops 16,200; banks, FMCG shine; metals sole losers

CLOSING BELL: L&T, PowerGrid, NTPC, ICICI Bank, DR Reddy's Labs, Axis Bank, Bharti Airtel, and Nestle India were the top large-cap gainers

3:16 PM

City Union Bank, Shriram Gen Insurance tie up for distribution of products

Shriram will offer personal insurance products such as motor, personal accident, home and travel along with commercial ones such as property, marine and engineering to bank's customers. Read more

3:09 PM

Rupee's travails: What has led to the fall, and what can Reserve Bank do?

The foremost reason for the currency's fall is the money being pulled out from the Indian economy by the FPIs and FIIs. In the last six months, FPIs have pulled out Rs 2.32 trillion. Read here

2:56 PM

Thomas Cook inks pact to promote Turkiye in India as tourist destination

Travel services company Thomas Cook India on Friday said it has signed an agreement with group firm SOTC and Turkiye Tourism for promoting the West Asian country as a tourist destination in India. READ MORE

2:49 PM

European markets trade mixed

2:43 PM

Smallcaps outperform Midcaps; India Vix slips 2%

2:34 PM

Global markets :: US stock futures drop up to 0.5% ahead of US jobs data

2:29 PM

ALERT :: IDFC First Bank hikes lending rate by 10-15 bps across loan tenures

2:23 PM

BREAKING NEWS :: Former Japanese PM Shinzo Abe dies at 67

2:21 PM

ALERT :: Singapore GRM falls to $11.3/bbl vs $16.1/bbl yesterday

Source: TV report

2:16 PM

MARKET CHECK :: GR Infra, Sobha, Kajaria Ceramic rebound over 5% from intra-day lows

2:08 PM

MARKET CHECK :: Investors book profit in Vaibhav Global, Shriram City Union Finance

Esab International, M&M, RBL Bank, Godfrey Phillips, and Vedanta fall over 4% from intra-day highs.

1:59 PM

MARKET CHECK :: Sensex exhibits listless trade on Friday

1:50 PM

EXPERT TAKE :: Here's what Akhil Chaturvedi of Motilal Oswal AMC makes of June AMFI data

These trends reflect sign of maturity in Investors mindset. SIP contribution remaining above Rs 12,000 indicates better awareness among retail investors about long term orientation of equity investments and understanding of current volatility as a part and parcel of equity investing. Instead of reading too much into net equity inflow dipping, the heartening thing to note is that both net equity inflow and net inflow into hybrid funds remained resilient despite relentless selling by FPI’s and market correction during the year so far.

Views by: Akhil Chaturvedi, Chief Business Officer, Motilal Oswal AMC

1:39 PM

Himadri Speciality surges 11% on heavy volumes; zooms 40% in one week

In the past six months, HSCL has outperformed the market by surging 75 per cent, as compared to a 9 per cent decline in the S&P BSE Sensex. However, in the last three years, the stock was down 19 per cent, against a 40 per cent rally in the benchmark index. It had hit a record high of Rs 197 on January 15, 2018. READ MORE

1:31 PM

WEEKLY ROUND-UP :: Top losers so far this week

Oil upstream companies, such as Oil India, MRPL, and ONGC face deep cuts this week after the govt imposed export duty on crude oil refiners last week. Shares have tanked betweem 7 and 14%.