MARKET WRAP: Indices end flat, Sensex up 60 pts; ITC, TCS rise nearly 2%

All that happened in the markets today

10:39 AM

Top losers on BSE at this hour

COMPANY	PRICE(rs)	CHG(%)
JUBILANT LIFE	785.90	-5.27
ADANI GREEN	517.45	-4.99
FUTURE RETAIL	106.85	-4.98
FUTURE CONSUMER	10.37	-4.95
IFB INDUSTRIES	527.95	-4.61

10:27 AM

Analysts positive on Jubilant Life despite 52% dip in Q1 profit; here's why

Shares of Jubilant Life Sciences skid as much as 6.8 per cent to hit a low of Rs 773 on the BSE on Monday after the company's June quarter profit more-than-halved to Rs 88 crore. The pharmaceutical firm's consolidated net profit came in at Rs 88.01 crore, down 52.42 per cent from Rs 184.98 crore reported in the year-ago period. Consolidated total revenue from the operations stood at Rs 1,892.92 crore for the quarter under review, as against Rs 2,181.86 crore for the same period a year ago. READ MORE

10:21 AM

Mahindra & Mahindra dips 3%

10:07 AM

Rupee opening

Rupee opens lower at 73.16/$ vs Friday's close of 73.14 against the US dollar

10:05 AM

Tata Motors DVR surges 11% after Tata Sons buys additional shares

Shares of Tata Motors Differential Voting Rights (DVRs) rallied 11 per cent to Rs 62.50 on the National Stock Exchange (NSE) on Monday after its promoter Tata Sons acquired more than 5 million shares, worth Rs 30 crore, via open market on Friday. On September 4, Tata Sons purchased 5.3 million shares, representing 1.04 per cent stake of Tata Motors DVR, at price of Rs 56.02 per share on the NSE via bulk deal, the exchange data shows. The names of the sellers were not ascertained immediately. READ MORE

10:02 AM

NEWS ALERT :: Tejas Networks bags order worth Rs 32 crore for BharatNet Project

9:51 AM

Bharti Infratel up 4%

9:47 AM

BUZZING STOCK:: Tata Motors DVR up 8%

9:47 AM

Sharp sell-off in the markets

9:45 AM

NEWS ALERT :: L&T Construction bags order in the range of Rs 2,500-5,000 cr for its power transmission & distribution biz

Click here for details

9:38 AM

MARKET CHECK

9:37 AM

Sterling & Wilson up 6% on order wins worth Rs 1,600 crore in Australia

“The company along with its branch and Australian subsidiary has bagged two large scale solar projects in the country which will have an installed capacity of over 300 MW. The new projects have been secured from global independent power producer (IPPs), the work for which is expected to commence immediately,” Sterling & Wilson Solar said in a press release. READ MORE

9:31 AM

Lakshmi Vilas Bank adds 1.5% on fund raising plan

>> Lakshmi Vilas Bank (LVB) plans to raise up to Rs 1,500 crore to fund business growth and increase foreign shareholding to up to 74 per cent, the private lender said in a notice.

9:29 AM

Repco Home Fin locked in 5% upper circuit post Q1 nos

9:27 AM

Sterling and Wilson Solar gains 5% on new order

>> Engineering firm Sterling and Wilson Solar on Sunday announced that it has bagged orders worth AUD 300 million (Rs 1,600 crore) for two large solar projects in Australia