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

All that happened in the markets today

9:39 AM

Tejas Networks hits 5% upper circuit as Kedia Securities picks 0,8% stake

9:34 AM

South Indian Bank advances 4% post Q1FY21 results

>> South Indian Bank on Wednesday reported a 11 per cent rise in net profit at Rs 82 crore in June quarter of the current fiscal year. The private sector lender had posted a net profit of Rs 73 crore in the corresponding quarter of fiscal year 2019-20.

9:33 AM

BUZZING STOCK:: Tata Steel rises 3%

9:32 AM

The Phoenix Mills trades mildly weaker

>> Signaling a steady revival of the retail segment amid covid-19 pandemic, Phoenix Mills has launched India’s first shopping mall post lockdown period in Lucknow.

9:28 AM

Can Fin Homes adds 2% in early deals on fund raising proposal

>> The Board of Can Fin Homes will meet on 17 July 2020 will consider raising funds by way of issue of equity shares through qualified institutions placement and/or preferential issue to promoters or rights issue and/ or any other permissible securities.

9:27 AM

SBI gains over 1%

>> The country’s largest lender, State Bank of India (SBI), has got board approval to invest a maximum of Rs 1,760 in private lender YES Bank’s follow-on public offer (FPO). SBI already holds 48.21 per cent in the private lender after it invested more than Rs 6,000 crore to rescue it.

>> That apart, SBI, in an exchange filing, informed that SBICAP, its wholly-owned subsidiary, will invest in lnvestec Capital Services to form a joint venture entity.

9:25 AM

NEWS ALERT :: YES Bank files red herring prospectus for Rs 15,000 cr FPO

9:23 AM

TCS trades higher ahead of Q1 results

>> The company, according to analysts, may post up to 7 per cent decline in revenue in constant currency (CC) terms on a sequential basis owing to anticipated pressure in travel, transportation, energy, retail, and manufacturing segments due to the ongoing Covid-19 crisis. 

9:22 AM

ICICI Bank trades higher post Board's nod to raise Rs 15,000 cr

9:20 AM

Sectoral trends on NSE at Open

9:19 AM

Sensex Heatmap :: Financials lead the index

9:17 AM

Opening Bell

9:16 AM

Opening Bell

9:05 AM

Top gainers and losers on the S&P BSE Sensex at Pre-open

9:05 AM

Markets at Pre-open