Financial stocks lift indices, Sensex gains 364 pts; Nifty ends at 11,466

All that happened in the markets today

1:35 PM

Strong agri tyre exports momentum to help Balkrishna Industries

Even as peers are struggling for growth, Balkrishna Industries is expected to benefit from strong demand for agriculture tyres. This coupled with backward integration is expected to help Balkrishna Industries post strong revenue growth as well as improve profitability. The stock which has gained over 40 per cent over the last three months is expected to get support from the demand trends. Led by Europe, agriculture tyre exports from India have been strong and are up over 40 per cent y-o-y in July.  READ MORE

1:23 PM

European indices gain in early deals

1:13 PM

Vinati Organics adds 14%, hits 52-wk high on heavy volume; up 21% in 2 days

A combined 1.59 million shares had changed hands on the counter on the NSE and BSE till the time of writing of this report. Of this, 0.13 million shares had changed hands on the BSE, which was 109.8 per cent higher than the volume seen on the counter on the BSE in the past week. READ MORE

1:02 PM

BASF India hits 52-week high after Plutus Wealth Mgmt buys 3.15 lakh shares

Shares of BASF India rallied as much as 15.6 per cent to hit a 52-week high of Rs 1,870 apiece on the BSE on Monday after Plutus Wealth Management bought 3,15,000 shares of the company at an average price of Rs 1,584.46, NSE data showed. At 12:39 PM, the stock was ruling at 1,739.95 up 7.6 per cent on the BSE as compared to 0.9 per cent rise in the benchmark S&P BSE Sensex. READ MORE 

12:50 PM

A $91 billion asset manager dumps Exxon Mobile, Chevron over climate policy

Norwegian life insurer Storebrand ASA has beefed up its climate policy, leading it to exit oil giants Exxon Mobil Corp. and Chevron Corp. and accelerate a full divestment from coal. The move by the Oslo-listed company, which has about $91 billion under management, is another illustration of how investors are adjusting to the risks of climate change, putting pressure on fossil-fuel producers. READ MORE

12:36 PM

HDFC twins top contributors to Sensex's gain today

12:26 PM

MARKET UPDATE:: Sensex at day's high

12:14 PM

'Medium-to-long term bonds provide favourable risk-reward opportunity'

Bond market traders were unnerved after the central bank suggested that rising yields are here to stay. SAURABH BHATIA, head of fixed income at DSP Investment Managers tells Puneet Wadhwa that he expects next round of returns in fixed income instruments to be triggered more by demand – supply of bonds rather than cut in repo rates. READ MORE 

12:04 PM

Phoenix Mills up 6% on Rs 1,100 cr QIP; Govt of Singapore picks 4.3% stake

The company said, it has raised about Rs 1,100 crore through QIP of 1.81 crore equity shares at Rs 605 each. Phoenix Mills allotted 74.38 lakh shares (or 40.91 per cent of the total shares offered in the issue) to Government of Singapore, 12.39 lakh shares (or 6.82 per cent of the total shares offered in the issue) to ICICI Prudential Mutual Fund, 12.39 lakh shares (or 6.82 per cent of the total shares offered in the issue) to SBI Mutual Fund and 9.39 lakh shares (or 5.17 per cent of the total shares offered in the issue) to Aditya Birla Sun Life Mutual Fund. READ MORE

11:57 AM

Adani Green, Adani Ports: Here's how to trade Adani Group stocks

Adani Ports and Special Economic Zone Ltd (ADANIPORTS): One can easily notice a strong recovery from 100-day moving average (DMA) on the charts, which pushed the price above 200-DMA. The stock is posied for a strong upside from here on. Though the Relative Strength Index (RSI) entered the overbought territory that resulted in a minor profit booking, the overall trend looks bullish as 50-DMA and 200-DMA are on the verge of forming a “Golden Cross”. The support stays at Rs 340 levels. The stock is likely to move towards Rs 380 levels in the days ahead. READ MORE

11:47 AM

ICICI Lombard to acquire Bharti Axa General Insurance; stock slips over 1%

Shares of ICICI Lombard General Insurance Company slipped over 1 per cent on the BSE on Monday after the company inked definitive pact with Bharti AXA to combine their business. The latter’s business is to be demerged into the former’s through a scheme of arrangement under which the shareholders of Bharti AXA would receive two shares of Lombard for every 115 shares held by them. READ MORE

11:33 AM

Adani Group stocks rally on Mumbai International Airport stake buy buzz

Shares of Adani Group companies rallied up to 9 per cent on the bourses on Monday on report that the group is set to acquire a 74 per cent stake in Mumbai International Airport (MIAL). Among individual stocks, Adani Green Energy surged 9.35 per cent to Rs 411.90 on the BSE while Adani Enterprises gained 4.13 per cent at Rs 242.85. Besides, Adani Power, Adani Ports and Special Economic Zone, and Adani Gas rose in the range of 1-2 per cent. READ MORE

11:21 AM

Top gainers on BSE at this hour

COMPANY	PRICE(rs)	CHG(%)
NAVA BHARAT VENT	64.35	13.29
DEEPAK FERTILIZ.	181.00	10.97
BASF INDIA	1783.30	10.27
AFFLE INDIA	2526.25	9.04
ECLERX SERVICES	801.00	8.65

11:09 AM

MARKET CHECK :: S&P BSE SmallCap index outperforming benchmarks

11:00 AM

Minda Industries slips 4% post weak Q1 result; Rights issue opens on Aug 25

The auto ancilliary firm's standalone net loss came in at Rs 53.11 crore as against Rs 31.6 crore profit in the year-ago period. On a quarterly basis, the loss came against a profit of Rs 5.17 crore. Besides, its revenue from operation tumbled 73 per cent YoY to Rs 228.16 crore, down from Rs 836.1 crore reported in Q1FY20. The Gurugram-based company reported an exceptional loss of Rs 81.47 crore during the quarter under review. READ MORE