Indices end flat, Nifty settles at 11,464; mid, small-caps outperform

All that happened in the markets today

12:38 PM

LIC IPO may offer 10% discount to employees under special quota

Long-term employees of the Life Insurance Corporation (LIC) could benefit significantly from the proposed initial public offering (IPO) of the state-owned insurer. Sources in the government said that the divestment process will have the special quota where they could buy the shares at the 10 per cent discount. The development assumes significance since the government is expecting huge demand for the public issue. READ MORE

12:28 PM

BUZZING STOCK:: Gokaldas Exports leaps over 14%

12:18 PM

MARKET UPDATE:: Broader indices outperform benchmarks

12:04 PM

Thyrocare Tech surges 5% after Co authorises Dr. A Velumani to appoint CEO

Shares of Thyrocare Technologies surged over 5.5 per cent on the BSE on Friday, a day after the company informed that its board has authorised Dr. A Velumani, Chairman of the company, to identify and appoint a suitable candidate as a professional chief executive officer (CEO) for the company. At 11:32 AM, the stock was trading over 4 per cent higher at Rs 798 on the BSE as compared to a 0.09 per cent fall in the S&P BSE Sensex at 38,807 levels. READ MORE

11:53 AM

MARKET UPDATE:: Sensex remains flat

11:43 AM

BUZZING STOCK:: Emami hits fresh 52-week high

11:26 AM

ONGC, OIL earnings hinge on upside in crude prices as production stagnates

Concerns for oil and gas upstream producers in India, such as ONGC, have risen owing to the slide in crude oil prices to below the $40-mark on Wednesday, from above $45 on September 1. ONGC shares are trading about 10 per cent lower in September, while Oil India has also dipped. The rebound in oil prices — to $42-45 levels in recent days from the lows of $20 a barrel in March — had led to an improvement in Street sentiment, following which the ONGC stock gained up to 36 per cent as of August compared to its March lows. READ MORE

11:15 AM

AUGUST SIAM DATA | Total passenger vehicle sales jumped by 14.16% YoY to 2.15 lakh units in August

-- -- Passenger car sales up 14.13 per cent YoY to 1.24 lakh units

11:08 AM

Jubilant FoodWorks shares surge 5% to hit a fresh record high

Shares of Jubilant FoodWorks hit a fresh record high of Rs 2,377, up 5 per cent on the BSE in intra-day trade on Friday in an otherwise subdued market. The stock surpassed its previous high of Rs 2,310 touched on September 3, 2020. In the past month, it has gained 25 per cent against a 1.2 per cent rise in the S&P BSE Sensex. READ MORE

10:59 AM

Can Reliance Industries' stock hit Rs 3,000 mark? Here's what charts say

The monthly chart clearly indicates a breakout on a 'negative divergence'. A negative divergence occurs when the underlying security moves to a new high, but the indicator fails to record a new high and forms a lower high. For momentum indicators, a negative divergence shows slowing upside momentum that can sometimes foreshadow a bearish reversal. READ MORE

10:49 AM

Despite volume uptick, Maruti's rally may fizzle out on multiple headwinds

Recovery in volumes over the past three months has put the stock of India’s largest passenger vehicle (PV) maker Maruti Suzuki India (MSIL) on an upward trend. The stock has recovered 79 per cent from its lows in April, but about a third of those gains have come in the past three months. At current levels it is just 7 per cent shy of its 52-week highs. READ MORE

10:43 AM

SECTOR WATCH:: IT stocks trade higher in a volatile market

COMPANY	LATEST(rs)	CHG(%)
WIPRO	293.35	2.95
INFOSYS	950.05	1.07
TCS	2372.00	1.73
HCL TECHNOLOGIES	724.00	0.32
TATA ELXSI	1291.95	2.64

10:35 AM

Valuation in certain pockets of the market is looking elevated: Ravi Gopalakrishnan, head of equity at Principal Asset Management

"The markets over the last five months have gone up quite sharply, and valuation in certain pockets of the market is looking elevated. It is advisable to stagger one’s investments and take advantage of any meaningful corrections that may arise. There are good investment opportunities available in companies across market caps and sectors, especially the ones that have moderate leverage, a strong balance sheet, steady and robust business models, businesses with low competitive intensity, and above all good management. Companies with these business attributes may be able to weather the storm better than others." READ MORE

10:26 AM

Max Healthcare Institute surges 19% after 5.2% equity changes hands on BSE

Shares of Max Healthcare Institute (MHIL) surged 19 per cent to Rs 132.55 on the BSE in the early morning trade on the Friday on back of heavy block deals. The stock of the healthcare facilities company was trading at its highest level since August 21, 2020. At 09:37 am, the stock was trading 12 per cent higher at Rs 125.65, as compared to 0.04 per cent rise in the S&P BSE Sensex. READ MORE

10:11 AM

Rupee Opening

Rupee opens at 73.48 per US dollar vs Thursday's close of 73.46/$