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

1:23 PM

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

Brightcom Group, Sobha, Ceat, and Avenue Supermarts log most gains this week, rallying up to 27%.

1:13 PM

TOP STOCKS :: Stocks trading near all-time highs

1:03 PM

MARKET ANALYSIS :: Torrent Pharma, India Cements, JK Cements see unusually high volumes

Other stocks seeing huge volumes included Sudarshan Chemicals, kajaria Ceramics, Cyient, HCL Tech, Hindustan Zinc, Axis Bank, and M&M.  

12:49 PM

How Indian cement maker Ultratech bought Russian coal using yuan

According to the invoice dated June 5 and a source familiar with the matter, HDFC Bank backed cement maker Ultratech's purchase of Russian coal from producer and trader SUEK for 172.7 million yuan ($25.74 million). READ MORE

12:37 PM

Centre may allocate Rs 44,000 cr to oil firms to compensate for LPG losses

This comes as the rate of domestic LPG was increased by Rs 50 per cylinder again on Wednesday; in Delhi, a 14.2 kg-cylinder now costs Rs 1,053. READ MORE

12:24 PM

Global markets: Asian equities off day's high

 

12:14 PM

Are metal stocks bottoming out as China pushes for a stimulus package?

Until major hurdles are not conquered by Metal index, the turnaround scenario may fade sooner. Read more

12:00 PM

How will the hike in import duty of gold affect customers in India

Indian gold imports in May were recorded at 107 tonnes, a rise of 790 per cent year-on-year, and impacting the current account deficit negatively. Read more

11:46 AM

Craftsman Automation rallies 6%, hits 8-month high on improved outlook

The company expects sustained improvement in business performance over the medium term driven by the recovery in offtake from automobile sector. Read here

11:35 AM

June MF data :: Net equity inflow at Rs 15,480 cr vs Rs 17,669 cr MoM

>> Hybrid Fund Outflow at Rs 2,279 cr vs Rs 5,123 cr MoM

>> Liquid Fund Outflow at Rs 15,783 cr vs Inflow of Rs 1,777 cr MoM

>> ETF Inflow at Rs 5,359 cr vs Rs 6,056 cr MoM

>> Total AUM at Rs 35.64 trillion vs Rs 37.22 trillion MoM

11:26 AM

Rupee falls 12 paise to 79.25 against dollar amid foreign fund outflows

At the interbank foreign exchange, the rupee opened at 79.20 against the American dollar, then lost ground to quote at 79.25, registering a fall of 12 paise from the last close. Read more

11:17 AM

Passengers start avoiding SpiceJet after mid-air safety failures: Survey

A survey of more than 21,000 fliers conducted by LocalCircles showed 44% are currently steering clear of India’s third-biggest airline due to safety concerns versus 21% who are avoiding Air India Ltd. and IndiGo and 18% for Go First. Some 37% of respondents said they don’t avoid any particular airline. READ MORE

11:11 AM

CBI files FIR against ex-NSE CEO Ramkrishna, fmr Mumbai commissioner Pandey

In addition to Pandey and Ramkrishna, the CBI has also named another former National Stock Exchange (NSE) CEO and MD Ravi Narain in the case.

 

The Central Bureau of Investigation (CBI) is conducting searches at 10 locations in Mumbai, Pune, and other cities in connection with the FIR against Pandey, officials said. READ MORE

11:03 AM

ALERT :: Happiest Minds partners with CloudFabrix's to deliver Next-Gen Managed Services

>> Happiest Minds Technologies Limited has announced a strategic partnership with CloudFabrix's Robotic Data Automation Fabric™ (RDAF), the world’s first data fabric designed to unify Data Observability, AIOps, and Automation.

>> RDAF consolidates your disparate data sources, converges on the root cause by applying dynamic AI/ML pipelines, and concludes by remediating with intelligent automation. 
 

10:56 AM

Media stocks climb in trade; TV18 surges 2%