Sensex tumbles 581 pts from record peak, ends 214 pts down; Nifty holds 17K

The Nifty Realty index jumped 5 per cent today while the Nifty Metal index slipped 1.8 per cent

9:04 AM

AU SFB concall :: Want to reassure that the bank continues to do well, says mgt

>> AU Small Finance Bank says July & August were far better in terms of business continuity & asset quality

>> Senior mgt remains intact

9:03 AM

AU SFB concall :: Bank clarifies on management's resignation

>> Co in absolute compliance with all notices of the exchanges

>> Covid 2nd wave impacted circumstances & hence Alok Gupta wanted to move to Mumbai.

>> On Sumit Dhir’s resignation, company says he asked for re-location to Delhi, but we couldn’t do as his job profile needed him to be in Jaipur

8:59 AM

Anand Rathi on Ami Organics IPO

The company is available at the upper end of the IPO price band at 41.2x its FY21 earnings, with a market cap of Rs. 22,227 million. Further on FY21 earnings basis the company is trading below the Industry average of 48.91x. Looking at the P/B ratio on the upper price band, book value and P/B are Rs. 53 and 11.51x respectively along with a RoNW of 32.35%.

The company has shown consistent financial performance with sales growth at CAGR of 19.5% and restated profit after tax growth at CAGR of 52.3% between the Fiscals 2019 and 2021. The financials for 2020-21 doesn’t include revenue from the acquisition of the two plants. We are positive on the long-term prospects of the Company. Hence, we recommend a "Subscribe" rating to this IPO.

8:54 AM

NEWS ALERT :: Jet fuel (ATF) price cut by Rs 2,608.50/kL to Rs 66,527.97/kL in Delhi

Source: TV reports

8:50 AM

NEWS ALERT :: LPG Cylinders' prices hiked

Price for non-subsidised domestic 14.2-kg cylinder raised by Rs 25.

It will now cost Rs 884.50 a cylinder in Delhi

8:45 AM

3 stocks picks by Ajit Mishra that can offer good returns in short-term

Container Corporation of India Limited

 

Recommendation: Buy

 

Target: Rs 715

 

Stop loss: Rs 650

 

Concor has been trading with a corrective bias for the last two months, after making a new record high at Rs 748 levels in June 2021. It has formed a base while holding strongly above the support zone of medium-term moving average (100 EMA) on the daily chart and looks set for a rebound now. We thus advise creating fresh longs in the mentioned zone. READ MORE

8:40 AM

Nifty outlook & two stock ideas by Vinay Rajani

Nifty continued its upwards journey and closed at new all-time high levels on Tuesday. RSI for the Nifty has reached the overbought zone on daily, weekly, and monthly charts. However, negative divergence is not seen on any of the time frames yet, which indicates the strength in the current uptrend. Nifty is expected to continue its uptrend and longs should be held on a trailing stop loss basis. Strong support is seen at 16,700 odd levels in Nifty. Largecaps are expected to outperform the smallcap space for the short term. READ MORE

8:35 AM

FII/DII activity on Tuesday

8:29 AM

Rupee check

8:25 AM

Oil Check

8:20 AM

SGX Nifty trades flat

>> At 8:19 AM, the index was at 17,134 levels, up 8 points

8:17 AM

Wall Street pulls back from record peaks

Overnight, the S&P 500 declined 0.13 per cent, the Dow Jones Industrial Average shed 0.11 per cent, and the Nasdaq Composite dipped fractionally by about 0.04 per cent.

8:15 AM

Asian markets mixed ahead of slew of economic data

Shares in Asia-Pacific were mixed, as investors awaited the release of China's Manufacturing PMI data for August, and Australia's GDP data for the second quarter.

 

In Japan, the Nikkei 225 gained 0.84 per cent while South Korea's Kospi dipped 0.18 per cent. Australian stocks also fell as the S&P/ASX 200 slipped 0.47 per cent.

8:11 AM

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