Banks, RIL help lift Sensex 403 pts; Bajaj duo gain up to 8%, Tata Steel 4%

The BSE MidCap and SmallCap indices settled 1.5 per cent and 1.7 per cent higher, respectively

3:24 PM

BS Special :: Where are corporate earnings headed in the second half of FY22?

3:20 PM

India's GDP likely to grow at 18.5% in Q1FY22: SBI report

The country's gross domestic product (GDP) is expected to grow at around 18.5 per cent with an upward bias in the first quarter of the current financial year, according to SBI research report Ecowrap. This estimate is lower than the Reserve Bank of India's GDP growth projection of 21.4 per cent for the April-June quarter. READ MORE

3:02 PM

Bandhan Bank trading at 11-month low, down 10% in a week

According to analysts at Emkay Global Financial Services, the micro finance institutions (MFI) business is inherently prone to disruptions - be it political or natural. As a result, the bank needs to accelerate its asset-diversification strategy. Factoring in lower growth/higher LLP due to the Covid-led disruption, the brokerage cut its FY22-24E EPS by 12-5 per cent.

 

Higher-than-expected NPA formation, including lower recovery from the Assam portfolio, and unsettling of growth momentum due to a potential 3rd Covid wave are among key risks to brokerage estimates. READ MORE

2:50 PM

Global Markets :: Travel stocks lift European shares as recovery hopes return

European stocks extended their gains on Tuesday after a full U.S. approval of a COVID-19 vaccine boosted Wall Street to record highs, while data outlined a stronger-than-expected economic recovery in Germany.

The pan-European STOXX 600 index rose 0.1%, following a selloff last week that knocked it off record levels.

Source: Reuters

2:36 PM

BSE Heatmap :: 305 stocks hit lower circuits in a strong market

2:28 PM

ALERT :: Sensex reclaims 56,000

2:20 PM

Delta variant blow knocks wind out of Asia's economic recovery

The rapid spread of the highly infectious Delta variant of the novel coronavirus and low vaccination rates have caught https://www.reuters.com/world/asia-pacific/what-inflation-pandemic-leaves-emerging-asias-consumer-recovery-behind-2021-06-30 much of the region off-guard, especially in emerging markets, even as economies in Europe and North America reopen. READ MORE

2:08 PM

NEWS ALERT :: Govt said to consider allowing FDI in LIC

Source: TV News, Agencies

2:03 PM

ALERT :: Lupin launches Luforbec, branded generic alternative to Fostair

>> Company launched Luforbec® (beclometasone/formoterol) 100/6 dose pressurised metered dose inhaler, following the Medicines and Healthcare products Regulatory Agency (MHRA) approval earlier this year, making it available now to patients in the UK, with the potential to offer significant cost savings for the NHS.

2:01 PM

MARKET CHECK

Sensex: 55,961.22, up 405.43 points or 0.73%

Nifty: 16,622, up 125 points or 0.76%

Nifty MidCap 100: 27,174.70, up 277 points or 1.05%

Nifty SmallCap 250: 8,486.00, up 135.85 points or 1.63%

1:45 PM

SECTOR CHECK :: Defensive stocks decline on profit booking

1:35 PM

NEWS ALERT :: UCAS announces major core technology contract with Infosys

>> Infosys announced the signing of a new minimum threeyear contract with UCAS, the admissions service for UK higher education.

1:20 PM

Q&A | Markets will remain choppy till 2021-end: Anil Sarin, CIO, Centrum PMS

We have been constructive on Indian markets for the past many quarters, but have now become somewhat cautious given the frequency and size of IPOs that are sucking out liquidity. The Indian economy is entering a medium-term growth phase, and not participating in this phase is a greater risk. We remain bullish on a stock-by-stock basis. READ FULL INTERVIEW HERE

1:11 PM

Adani Transmission, Adani Total Gas up 5% for fourth straight trading day

Despite a rally this month, Adani Total Gas and Adani Transmission are down 30 per cent and 25 per cent from their respective all-time highs. Adani Total Gas had hit a record high of Rs 1,680 on June 4, 2021, while Adani Transmission had hit an all-time high of Rs 1,647.70 on June 7, 2021. READ MORE

12:54 PM

Market breadth improves; advance-decline ratio at 3:2