MARKETS: Sensex gains 484 pts as IT, financials rally; Nifty ends at 9,314

All that happened in the markets today

11:11 AM

Hindustan Unilever's valuation premium over peers hits record high

At its current market capitalisation of Rs 5.18 trillion, HUL is now valued at nearly 77x its trailing 12-month net profit, against the industry’s average P/E of 43x. At around 3,300 basis points (bps), its valuation premium over the industry is nearly 6x its historical average of around 570 bps. One basis point is one-hundredth of a per cent. READ MORE

10:58 AM

MARKET UPDATE:: India VIX cools off 8%; broader indices outperform

10:58 AM

Fundraising via corporate bonds shrinks 1.1% in FY20 as firms favour ECBs

The dip in fund raising activity was partly due to low demand for investment, as capacity utilisation remained stagnant in the Indian economy. Also, corporates used alternative sources like external commercial borrowings to garner funds, CARE said in a statement. CARE sourced data from Centre for Monitoring Indian Economy (CMIE) and PRIME database for analysis. READ MORE

10:48 AM

Britannia Industries jumps 10% ahead of board meet for interim dividend

Since announcement of board meeting for interim dividend, the stock of Britannia Industries has outperformed the market by surging 15 per cent in past three trading days, as compared to a marginal 0.07 per cent rise in the S&P BSE Sensex. READ MORE

10:43 AM

NEWS ALERT | Govt likely to review excise duty levied on petrol, diesel: TV reports

>> Excise duty to be reviewed once lockdown ends

10:41 AM

Vodafone Idea surges 15% on $200 mn advance payment from parent company

The UK-based group accelerated the payment, which was due in September 2020 under the terms of the contingent liability mechanism with Vodafone Idea, mainly to tide over any liquidity crisis arising out of the Covid-19 pandemic. READ MORE

10:36 AM

AMC stocks turn vulnerable as SIP closure rises to 70% in March

Inflows through SIPs have accounted for 79 per cent of equity inflows in the past four years, according to analysts at Ambit Capital.

 

More significantly, SIP inflows had remained intact, giving a major leg-up to AMC stocks. READ MORE

10:27 AM

Rupee Alert | Trades at 1-week high

Alert: Rupee opened 37 paise stronger at 76.30/$ vs Wednesday's close of 76.67

10:20 AM

Zee Entertainment soars 14% as FPI picks stake

On Wednesday, Florida Retirement System (FRS) acquired 5.11 million equity shares, representing 0.53 per cent of the total paid up equity of the ZEE, on the NSE via bulk deals, the exchange data shows. FRS purchased these share at Rs 141 per share. READ MORE

10:10 AM

What is the "Hanging Man" pattern and what is its significance in trading?

In technical analysis, Hanging Man is a candlestick pattern that indicates a bearish reversal trend with selling pressure emerging at higher levels. The pattern involves a small real body and a long lower shadow with an upper shadow staying low.

 

This suggests that the sellers are entering the markets and the bulls are getting tired as the prices start showcasing weak close. READ MORE

10:01 AM

MARKET UPDATE:: Sensex extends gain

9:57 AM

Glenmark jumps 6% on report the company has filed for a marketing authorisation with DGCI for coronavirus drug

9:48 AM

Markets, economy take divergent paths amid Covid-19 uncertainties

It appears investors have been undeterred by the lockdown extension amid a sharp growth in Covid-19 cases -- from less than 100 a month ago to about 20,000 as of Wednesday. So what explains the resilience shown by the market over the past one month? READ MORE

9:47 AM

BUZZING STOCK:: Zee Entertainment surges 10%

9:45 AM

Nifty Metal index gains amid positive global cues