Sensex snaps 4-day losing streak, ends 534 pts up; Nifty tad below 17,700

Stock market LIVE: Sectorally, all the indices were in the green, led by the Nifty Realty index (up 3.5 per cent)

3:29 PM

ZEE-Invesco Case | Invesco Counsel

>> Zee's argument on EGM requisition being in non-compliance with SEBI regulations are irrelevant
 

>> Company has to take approval from Ministry of Information & Broadcasting, not shareholders

Source: TV reports

3:17 PM

ZEE-Invesco Case | Invesco says

>> NCLT must make a mandatory order on EGM being called
 

>> Appoint a retired judge of High Court to chair the EGM
 

>> Not concerned with outcome of EGM, only about the EGM being called
 

>> Zee won't give contacts of retail shareholders required to call EGM

 

Source: TV reports

 

3:15 PM

Sector Watch :: Sudden uptick in Metal Index, hits 2-week high

3:12 PM

JK Lakshmi Cement's dispatches stopped from Durg unit on strike by Chhattisgarh Cement Transport Association

>> Industry wide negotiations are being held with state government and the company hopeful of an amicable solution shortly

3:00 PM

Dalal Street witnesses a broad-based market rally

Today's market rally has been very broad based with advancing shares out-numbering declining stocks in the ratio of 2.5:1. Further, as many as 303 stocks registered a fresh 52-week high in trade on the BSE, while 535 stocks hit the respective upper limits. (Source: BSE)

2:43 PM

European markets marginally in red in early trades on Monday

The benchmark FTSE 100 index declined 0.2 per cent, while the other two major indices of Germany and France, DAX 30 and CAC 40 were down 0.5 per cent and 0.6 per cent respectively. (Source: Yahoo Finance)

2:27 PM

India's gold imports surge nearly 8 times in September as prices drop

India's gold imports in September soared 658% from last year's lower base as a correction in local prices to the lowest level in nearly six months prompted jewellers to step up purchases for the upcoming festive season, a government source said.

 

India imported 91 tonnes of gold in September, compared to 12 tonnes a year earlier, the source said on Monday on condition of anonymity as he is not authorised to speak to media. In value terms, September imports surged to $5.1 billion from $601 million a year ago, he said.

 

 

Source: Reuters

2:20 PM

This recently listed specialty chemicals has zoomed 144% in 28 trading days

Shares of Meghmani Finechem were locked at the 10 per cent upper circuit at Rs 943.35 on the BSE on Monday on back of heavy volumes with only buyers at the counter. The stock of specialty chemicals was trading at its highest level since its market debut on August 18, 2021. Since listing, in past 28 trading days, the stock zoomed 144 per cent from its opening level price of Rs 386.25 on the BSE. READ MORE 

2:10 PM

Sensex heatmap | Top gainers & losers at this hour

1:59 PM

OPEC+ seen keeping oil output policy unchanged, OPEC+ sources say

OPEC and its allies are likely to stick to their existing agreement to add 400,000 barrels per day (bpd) of oil to the market in November, three OPEC+ sources said on Monday, despite pressure from consumers to cool a red hot market. Ministers from The Organization of the Petroleum Exporting Countries, Russia and their allies, known as OPEC+, are due to gather online at 1300 GMT. An OPEC+ ministerial panel that monitors market developments, known as JMMC, meets before that. The price of benchmark Brent crude surged above $80 per barrel last month and was trading close to those highs on Monday at about $79, pushed up by supply disruptions and surging demand as the global economy recovers from the COVID-19 pandemic.

 

Source: Reuters

 

1:55 PM

Sensex contirbutors: RIL, Infosys, ICICI Bank, TCS

1:44 PM

NTPC, Tata Power: Power sector stocks rally makes analysts cautious

The sharp rally in power sector stocks over the past few weeks has made analysts cautious on this space, who suggest fresh investment in these counters be made from a two-three year horizon. In the past one month, the S&P BSE Power Index has gained over 6 per cent, outperforming the S&P BSE Sensex that has moved up around 1 per cent. READ MORE

1:36 PM

Sector Watch :: Nifty Realty up over 3% led by Godrej Properties, Brigade Enterprises

1:22 PM

Tata Motors up 3%, inches towards 52-week high on hopes of biz recovery

In the past one month, Tata Motors has outperformed the market by gaining 16 per cent, as compared to 2 per cent rise in the S&P BSE Sensex and 5.5 per cent up in the S&P BSE Auto sector index. However, on a three-month perdio, the stock has declined 1 per cent, as against 13 per cent rally in the benchmark index. READ MORE

1:01 PM

Max Health to set up over 1,000 hospital beds in Gurugram

>> Company to buy two parcels of land measuring  5.26 and 6.11 acres in Gurugram
 

>> This will significantly ramp up its existing footprint in NCR region and help serve the healthcare needs of ever-expanding communities in Gurugram
 

>> The hospitals, once operational, will also cater to economically weaker section of the society at concessional rates