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

12:54 PM

INDEX WATCH :: Sensex back above 55,800

12:35 PM

LT, IRB Infra: Can FM's National Monetisation Pipeline boost infra stocks?

Infrastructure and capital goods-related stocks witnessed buying in Tuesday's trade after the Finance Minister launched Rs 6 lakh crore asset monetisation plan on Monday, with an aim to fund the infrastructure projects over four years. Following this development, shares of IRB Infrastructure Developers jumped over 5 per cent, GMR Infrastructure added 2 per cent and Larsen & Toubro Ltd (LT) recovered following five days of bear hammering in the stock. What are tech charts singalling for these firms? CLICK HERE TO READ MORE

12:17 PM

INDEX WATCH :: Nifty near day's high

12:09 PM

Sensex Heatmap at this hour

11:58 AM

Kabra Extrusiontechnik rallies 16% as Battrixx gets single largest order

Shares of Kabra Extrusiontechnik (KET) soared 16 per cent to hit a record high of Rs 248.60 on the BSE in the intra-day trade on Tuesday after Battrixx, the company's battery division, announced its association with WardWizard Innovations and Mobility. The stock surpassed its previous high of Rs 244.40, touched on August 18, 2021. READ MORE

 

11:40 AM

India's world-beating stock market rally is narrowing fast, charts show

The NSE Nifty 200 Index has more than doubled from a March 2020 low -- weathering alarming Covid-19 infection and death rates, strict lockdowns and slower economic growth -- thanks to a massive liquidity boost from the central bank and foreign inflows. Gauges of small- and mid-cap shares have climbed a lot more amid the broad surge. READ MORE

11:20 AM

Bajaj Finserv gets Sebi nod to set up mutual fund; stock hits new high

Shares of Bajaj Finserv hit a new high of Rs 15,875, up 4 per cent on the BSE in the intra-day trade on Tuesday, after the company said it has received an in-principle approval from Securities and Exchange Board of India (Sebi) for sponsoring a mutual fund. The stock surpassed its Monday’s high of Rs 15,416.05 touched in the intra-day trade. READ MORE

11:13 AM

NEWS ALERT :: NTPC sets Sept 10 as Record date for the purpose of dividend

11:05 AM

NEWS ALERT :: Asian Granito Board approves issue of Equity Shares through Rights Issue

11:04 AM

NEWS ALERT :: Wonderla Kochi is all set to reopen from 1st September

>> Wonderla Holidays is set to reopen Wonderla Kochi on September 1, 2021. As part of the reopening initiative, Wonderla Kochi is extending a limited period offer for the visitors to enjoy a fun-filled day at the park for just Rs. 799. 

11:02 AM

TRADING BETS :: What should Zomato investors do?

Zomato's share tanked more than 13% in the last two trading sessions as the lock-in period for anchor investors ends. It has been observed that some selling pressure is seen for 1-2 days in most of the counters after the lock-in period ends for their anchor investors post listing but it acts as a buying opportunity in most of the quality stocks where low made during this period acts as strong support for the next leg of rally. If we talk about Zomato then 120 is strong support and we could see some buying attraction around this level.

Views by: Santosh Meena, Head of Research, Swastika Investmart

10:52 AM

ALERT :: Bajaj Finserv receives approval from Sebi for setting up MF

>> This is to inform that Company has received an In-Principle approval from Securities and Exchange Board of India (SEBI) vide their letter dated 23 August 2021, for sponsoring a Mutual Fund. 

 

10:45 AM

Aptus Value Housing Finance makes weak debut, lists 7% below issue price

Housing finance company Aptus Value Housing Finance India has made a disappointing debut on the bourses as its shares got listed at Rs 329.95, a 7 per cent discount to its issue price of Rs 353 on the BSE on Tuesday. On the National Stock Exchange (NSE), the stock opened at Rs 333, 6 per cent below its issue price. READ MORE

10:34 AM

Chemplast Sanmar makes flat debut, lists at 3% discount against issue price

Specialty chemical manufacturer, Chemplast Sanmar, made a tepid debut on the bourses on Tuesday with the company’s shares listing at Rs 525, a 3 per cent discount against its issue price of Rs 541 per share on the BSE. However, on the National Stock Exchange (NSE), the stock opened at Rs 550, a 2 per cent premium over its issue price, exchange data shows. READ MORE

10:27 AM

Almost 52% IPO investors sold shares on listing day in Apr-Jul FY22

Almost 52 per cent of IPO investors sold shares on the listing day in the first four months of the ongoing fiscal year while another 20 per cent sold the allotted shares within the first week of listing on stock exchanges, an analysis by Motilal Oswal Financial Services showed. Around 64 per cent of the initial public offering (IPO) clients applied for at-least two such public issues, according to the broking and distribution business of Motilal Oswal Financial Services (MOFSL). READ MORE