MARKET WRAP: Financials lift indices, Sensex gains 409 pts; TCS ends flat

All that happened in the markets today

2:08 PM

Rupee Closing

Rupee settles mildly stronger at 74.99 per US dollar vs Wednesday's close of 75.02/$

2:04 PM

INDEX LOSER:: Tech Mahindra slips over 1%

1:59 PM

NEWS ALERT :: India is reforming, performing, says PM Modi

1:52 PM

NEWS ALERT :: India's pharma industry an asset not just for India but for entire world, says PM Modi

1:49 PM

NEWS ALERT :: Want global companies to establish presence in India, says PM Modi

1:48 PM

NEWS ALERT :: India remains one of the most open economies in the world, says PM Modi

1:47 PM

NEWS ALERT :: India is playing a vital role in global revival, says PM Modi

1:44 PM

NEWS ALERT :: India is seeing green shoots of economic recovery, says PM Modi at India Global Week

1:40 PM

European indices largely higher

1:33 PM

NEWS ALERT :: Flipkart Group to invest Rs 260 cr in Arvind Fashions

>> The Flipkart Group and Arvind Fashions (AFL) today strengthened their partnership, through an investment of INR 260 crore by Flipkart Group to purchase a significant minority stake in AFL’s recently formed subsidiary Arvind Youth Brands.

1:24 PM

Federal Reserve officials suggest recovery of US economy may be stalling

Federal Reserve officials raised fresh doubts on Wednesday about the durability of the U.S. recovery, while new business surveys highlighted developing risks from the relentless coronavirus pandemic. In separate appearances, Atlanta Fed President Raphael Bostic, Boston Fed President Eric Rosengren and Richmond Fed President Thomas Barkin noted what Barkin characterized as "air pockets" facing the U.S. economy - businesses exhausting existing order books without refilling them, and households facing the end of unemployment benefits and other support. READ MORE

1:18 PM

HDFC AMC, Nippon Life AMC trade weak as equity fund inflows tumble in June

Nippon Life Asset Management slipped 4 per cent to Rs 291, while HDFC AMC dropped 3 per cent lower to Rs 2,490 in the intra-day trade on the BSE. On Wednesday, these stocks ended lower between 2 per cent and 3 per cent. In comparison, the S&P BSE Sensex was up 0.80 per cent at 36,618 points at 12:02 pm. Inflows into equity mutual funds in June declined sharply to a four-year low of Rs 241 crore compared to Rs 5,257 crore in May. READ MORE 

1:16 PM

NEWS ALERT :: Fitch affirms Glenmark’s rating at 'BB'; outlook stable, reports CNBC TV18

1:10 PM

Irdai sets up panel to study feasibility of forming a 'pandemic risk pool'

The insurance regulator -- Insurance Regulatory and Development Authority (Irdai) -- has constituted a working group to study the feasibility of forming a 'pandemic risk pool' and make recommendations regarding the same so that various risks arising out of a pandemic can be addressed. The group has to submit its report on the subject in the next eight weeks. READ MORE

1:09 PM

Tata Steel BSL crude steel production drops over 41% in June quarter

"Production and sales were impacted in the first quarter of 2020-21 as the outbreak of COVID-19 and ensuing mobility restrictions severely impacted industrial activity and consumer sentiment. This affected crude steel production and sales during the quarter," Tata Steel BSL said in a regulatory filing. READ MORE