Markets ignore geopolitical tension, Sensex ends 376 points higher

All that happened in the markets today

2:14 PM

Earnings Alert | Ipca Labs Q4

>> Net profit at Rs 83 crore

>> Revenue at Rs 1,074 crore

>> EBITDA at Rs 168.5 crore; margin at 15.7%

2:07 PM

Rupee Closing

Rupee ends weaker at 76.21 per US dollar vs Monday's close of 76.03/$

1:58 PM

MARKET CHECK :: Indices volatile; Sensex up 140 pts

1:53 PM

NEWS ALERT :: Advance tax collection in June quarter plunges 31%, reports PTI quoting govt official

1:46 PM

India VIX surges 8%

1:39 PM

NEWS ALERT :: Indo-China border tension trigger sell-off

1:32 PM

MARKET CHECK :: Indices in the red

1:20 PM

What makes Morgan Stanley, Goldman Sachs, CLSA bullish on RIL

The recent rally has been fuelled by the Mukesh Ambani-controlled firm’s ability to garner 10 back-to-back foreign investments in its subsidiary, Jio Platforms, for a whopping Rs 1.04 trillion. Till June 13, Jio Platforms has raised a total of Rs 104,326.95 crore in 10 deals with leading global investors – Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG and L Catterton.

 

But the rally in the stock price may not be over just yet. According to Morgan Stanley, multiple triggers – asset sales, pickup in energy cash flows, increased traction in omni-channel retail and rise in telecom average revenue per user (ARPUs) – could further drive the stock. READ MORE

1:08 PM

Stock of this kitchen and dining ware manufacturer has zoomed 175% in June

The Ministry of Finance had recently proposed to impose basic customs duty (BCD) on solar cell and module imports to encourage domestic manufacturing. “Although the news does not pertain directly to imposition of custom duty on glass, it would have a direct bearing on increased production of Photo Voltaic modules in India, which would lead to a corresponding increase in demand for solar glass in due course,” Borosil Renewables said on June 10.

 

This may be the probable reason for increase in trading volume of the share, the company said on clarification to stock exchange on sudden increase in volume and price of security. READ MORE

12:58 PM

Europe opens higher

(Source: Reuters)

12:42 PM

Telecom stocks trade lower in an otherwise firm market

COMPANY	LATEST(rs)	CHG(%)
VODAFONE IDEA	9.68	-4.54
BHARTI AIRTEL	548.55	-0.42
TEJAS NETWORKS	49.00	-2.39

12:32 PM

Hindalco: Tiding well over Covid-led disruption with tight cost control

The strong performance of Hindalco's India business, despite lockdown and weak base metal prices, was a positive surprise in the March 2020 quarter (Q4). The performance of Hindalco, a global producer of aluminium and copper, was boosted by better-than-expected volumes and cost efficiencies that supported profitability of domestic operations. READ MORE

12:20 PM

BUZZING STOCK:: Sensex erases 400 points from day's top

12:20 PM

BUZZING STOCK:: Sensex erases 400 points from day's top

12:09 PM

Stocks that hit 52-week high on BSE today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(%)
ADANI GREEN	363.40	363.40	5.00
ALEMBIC PHARMA	927.45	943.00	4.21
ASTRAZENECA PHAR	3527.00	3562.50	2.83
BAYER CROP SCI.	5704.00	5714.00	4.00
DHANUKA AGRITECH	738.00	741.55	7.02