Friday, December 20, 2024 | 12:22 AM ISTEN Hindi

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)

SI Reporter New Delhi

10:14 AM

Market Watch :: Nifty50 rises 180 points to trade above 17,700

9:58 AM

MARKET COMMENT :: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

The dollar index slipping to 94.05 and the US 10-year yield slipping below 1.5 per cent can be interpreted as indicative of return of risk-on in equity markets. But news from China can turn out to be a drag. China is trying to limit the damage to its real estate sector without bailing out Evergrande. An inevitable consequence will be a slowdown of the Chinese economy which will have implications for commodity prices and currencies of commodity exporters.

Back home, India's exports are booming and are inline to touch the $400 billion mark in FY22. However, the surge in the trade deficit is weakening the INR. The IT segment is likely to be back in focus. Commodities, particularly metals, may come under pressure.

9:45 AM

ALERT :: Sensex extends gain

9:43 AM

NIIT gains around 1% as it acquires 70% stake in RPS Consulting

The company has acquired 70 per cent stake in RPS Consulting to strengthen its training solutions in emerging digital technologies. The remaining 30% shareholding will be acquired by NIIT in subsequent tranches.

9:41 AM

Inox Wind rises over 1.5% ahead of Board meet on Wednesday

Board to meet on October 6 to consider proposals for raising funds.

9:39 AM

NTPC off opening highs

India’s coal power giant NTPC expects to raise 150 billion rupees ($2 billion) through initial public offerings in three units including its renewables business, and the paring of a joint venture stake, according to a company official familiar with the plans.

9:37 AM

Eicher Motors slips in a firm market on weak Royal Enfield sales

Mid-sized motorcycle maker Royal Enfield on Friday said its total wholesales in September declined by 44 per cent to 33,529 units. The company, part of Eicher Motors, had reported a total sales of 60,331 units in the same month last year.

9:35 AM

J&K Bank rises 1% on shareholder nod to fund raise

Jammu and Kashmir Bank on Friday said it has received shareholders' nod to raise up to Rs 2,000 crore through equity and debt to fund its business.

9:34 AM

Indian Bank picks over 13% stake in NARCL

The lender has picked up 13.27 per cent stake in the proposed bad bank National Asset Reconstruction Company Ltd (NARCL). It has subscribed to 1,98,00,000 equity shares of NARCL for cash consideration of Rs 19.80 crore, it said in a regulatory filing.

9:32 AM

ZEEL trades mildly higher amid Board room tussle

Zee Entertainment Enterprises on Saturday said it has moved the Bombay High Court against the requisition of minority shareholders, Invesco and OFI Global China Fund, to convene an Extraordinary General Meeting (EGM) to discuss various issues, including removal of Managing Director Punit Goenka. The company has filed a civil suit before the high court requesting to declare the requisition notice sent to it as "illegal and invalid".

9:31 AM

Federal Bank's credit book expands 10% YoY in Q2; stock up 2.6%

Private sector lender Federal Bank on Sunday said it has posted a 10 per cent growth in advances at Rs 1,37,309 crore for the second quarter ended September 30. Total advances stood at Rs 1,25,209 crore at the end of the second quarter of the last financial year, Federal Bank said in a regulatory filing.

9:30 AM

Avenue Supermarts trades 2% higher post Q2 biz update

The owner and operator of retail chain D-Mart has reported a 46.6 per cent increase in its standalone revenue from operations at Rs 7,649.64 crore for the second quarter ended September 2021. Its total number of stores as of September 30, 2021 stood at 246.