MARKET WRAP: Sensex settles 178 pts higher; defense stocks rally up to 12%
All that happened in the markets today
12:11 PM
MARKET UPDATE:: Sensex at day's high
12:01 PM
Opto Circuits locked in 5% lower circuit after zooming 1250% in 66 days
Shares of Opto Circuits were locked in upper circuit for 13th straight day, up 5 per cent to 52-week high level of Rs 19.85 on the BSE on Friday. However, the stock tumbled 9 per cent from its intra-day high and was locked in 5 per cent lower circuit at Rs 18:05. Till 11:25, a combined 3.13 million equity shares had changed hands and there were pending sell orders for 3.92 million shares on the BSE and NSE, the exchange data shows. READ MORE
11:47 AM
» More on Top Gainers
Top gainers on BSE at this hour
COMPANY | PRICE(rs) | CHG(%) |
---|---|---|
PHILLIPS CARBON | 110.30 | 9.97 |
BHARAT DYNAMICS | 366.40 | 9.73 |
HIND.AERONAUTICS | 835.25 | 8.19 |
HDFC LIFE INSUR. | 578.20 | 5.52 |
MINDA INDUSTRIES | 284.30 | 5.22 |
11:38 AM
Lakshmi Vilas Bank gains 5% on report Clermont Group eyes stake purchase
Shares of Lakshmi Vilas Bank surged 5 per cent to Rs 22.15 on the BSE on Friday after Business Standard reported that Singapore-based private equity player Clermont Group is in talks to pick up a sizeable stake in the bank. This round of capital infusion, if approved, could help LVB increase its capital adequacy from 3.45 per cent as on December 31, 2019, to over 7-8 per cent. READ MORE
11:26 AM
Private trains by 2023. Here are trading strategies for rail-related stocks
Rail-related stocks are back in focus after Indian Railway said that India is likely to see its first privately operated train running by April 2023 and the bidding process for this will be completed by April 2021. The national transporter had invited requests for qualifications (RFQ) from private players on Wednesday to operate 151 trains covering 109 routes that might see investments of Rs 30,000 crore. READ MORE
11:16 AM
Crude oil can hit $50/bbl in 2021; gas demand to pick up in India: Analysts
Despite the pick-up in economic activity around the globe after lockdowns triggered by the Covid-19 pandemic, Brent crude oil prices are likely to remain range-bound between $35 – 40 per barrel till the third quarter of the current calendar year 2021 (CY21), but move up to $45 – 50/barrel in the second half of CY21, suggests a note by S&P Global Platts. West Texas Intermediate (WTI) crude prices, on the other hand, are likely to hover between $40 – 45/barrel by then. Currently, Brent prices are hovering around the $42/barrel mark. READ MORE
11:06 AM
Insurance stks gain; HDFC Life adds 5% on Nifty50 inclusion, SBI Life up 2%
Shares of insurance companies were in focus on Friday, with HDFC Life Insurance Company ralling 5 per cent to Rs 576 on the National Stock Exchange (NSE), after the exchange announced inclusion of the insurance company in the Nifty 50 index from July 31.
HDFC Life Insurance Company will replace Anil Agarwal-controlled Vedanta in the benchmark index, the exchange said in a release on Thursday. READ MORE
10:58 AM
NEWS ALERT :: Will inspect import from all other countries to check for Chinese parts, says Power Min
(As reported by CNBC TV18)
10:53 AM
NEWS ALERT :: Import of power equipment from China, Pakistan will need prior permission, says Power Min
>> Out of Rs 71,000 cr worth of import, China accounts for Rs 21,000 cr
>> India capable of manufacturing power equipments
(As reported by CNBC TV18)
>> India capable of manufacturing power equipments
(As reported by CNBC TV18)
10:46 AM
NEWS ALERT | PM Modi reaches Ladakh on a surprise visit
10:41 AM
NEWS ALERT :: June Services PMI comes in at 33.7 vs 12.6 in May
>> Composite PMI comes in at 37.8 vs 14.8 in May
10:31 AM
Motherson Sumi slips 9% after board approves group restructuring plan
Shares of Motherson Sumi Systems Limited (MSSL) slipped 9 per cent to Rs 94.30 on the BSE on Friday after the company said its board has approved a major restructuring exercise, under which the domestic wiring business (DWH) would be demerged into a new firm, which will eventually be listed. For every share held in MSSL, one share would be allotted in the new firm. READ MORE
10:21 AM
Bad news for financiers: CVs in for a long haul, may be last to recover
Commercial vehicles (CVs) have spoilt the party for both automakers and vehicle financiers, at a time when overall auto sales were picking up pace and had seen some recovery in June over May. Analysts forecast CVs to trail in the long race for revival of the sector, which will not be music to lenders’ ears. READ MORE
10:13 AM
NEWS ALERT | PM Modi visits Leh amid LAC stand-off with China: TV reports
10:09 AM
JB Chemicals gains 4%, nears 52-wk high as PE firm KKR to acquire 54% stake
Shares of J.B Chemicals and Pharmaceuticals surged 3.7 per cent to Rs 742 apiece on the BSE on Friday after the company said global investment firm KKR & Co. Inc. will pick up a controlling stake in the company. As part of the deal, KKR will acquire stake from the founding Mody family at Rs 745 per share, or at 5 per cent premium to Thursday's closing price of Rs 715 on the BSE. READ MORE
Topics : Markets JB Chemicals & Pharmaceuticals HDFC Life Insurance Vedanta Indiabulls Housing Finance Limited MARKET WRAP
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First Published: Jul 03 2020 | 7:27 AM IST