Indices turn negative for 2021 as Sensex tanks 938 pts, Nifty gives up 14k

All that happened in the markets today

11:28 AM

India Cements Q3 results: PAT at Rs 62 cr vs loss of Rs 5.4 cr YoY

-- Revenue from operations at Rs 1,160 cr vs Rs 1,191 cr YoY

11:23 AM

Sterling and Wilson Solar commissions 25-MW solar energy project

-- Sterling and Wilson Solar Limited has successfully commissioned its second project in Oman. The 25 MW solar project was awarded to SWSL by global energy company Shell. READ MORE

-- Following the development, the stock jumped nearly 4% on the BSE.

 

11:11 AM

Adani Ports to raise $500 mn from overseas bond sale

Adani Ports & Special Economic Zone, the largest port operator in the country, is in the international debt market with a benchmark issue to raise at least USD 500 million. This is the third large bond sale by domestic issuers after Exim Bank's USD 1 billion issue at record low prices in the first week of the moth followed by SBI in the second week with a USD 6 billion sale. (Text Source: PTI)

11:03 AM

Majority of equity schemes pare cash positions

Equity schemes have not gone heavy on building a cash buffer despite the steep run-up in equities over the last couple of months (which propelled the benchmarks to record highs), and rich valuations. According to data from Value Research, two-thirds of 265 equity schemes considered for analysis were found to have decreased their cash positions over the past one year. READ MORE

11:02 AM

Indian Hotels, others in race to take over Mysuru's Lalitha Mahal Palace

Indian Hotels, the operator of Taj brand of hotels, has evinced its interest to acquire the iconic 100-year-old Lalitha Mahal Palace in Mysuru. A final decision, however, will be taken after the palace celebrates its 100 years in November this year, Appanna Nayak, chairman of the Karnataka government-owned Jungle Lodges and Resorts (JLR) said. The palace, currently run by JLR, will be offered to bidders on a long-term management contract. READ MORE

10:52 AM

RIL, HDFC twins, HUL among top Sensex drags

10:40 AM

IT shares trade firm in a weak market; Cyient hits 52-week high, LTTS up 9%

Shares of information technology (IT) companies were trading firm in an otherwise weak market with Cyient hitting fresh 52-week high, while L&T Technology Services (LTTS) rallied 9 per cent on the BSE in the intra-day trade on Wednesday. At 10:02 am, the S&P BSE Sensex was down 0.71 per cent or 344 points at 48,004. Shares of Cyient surged 13 per cent to Rs 647, zooming 28 per cent in the past three trading days, after the company's management said it expects sequential improvement in margins in the January-March quarter (Q4FY21) driven by increase in volume and improvement in operational efficiencies. READ MORE

10:32 AM

Auto shares dip on profit booking as govt plans green tax for old vehicles

Shares of automobile companies, including tyres and auto ancillaries companies, were trading weak on Wednesday as investors booked profit after the government proposed the introduction of ‘green tax' on transport vehicles (buses, taxis, trucks) older than eight years in the range of 10-25 per cent of the applicable road tax. READ MORE

10:30 AM

MARKET UPDATE:: Sensex extends decline, gives up 48k

10:18 AM

NEWS ALERT :: Tata Elxsi and Syntiant to provide low-power edge AI device development for voice applications

>> Tata Elxsi and Syntiant Corp., a deep learning chip technology company, today announced a collaboration to help manufacturers design and develop low-power always-on voice applications across multiple product categories, such as smart home devices and consumer electronics, as well as industrial and automotive use cases.

 

10:16 AM

Rupee rises 6 paise to 72.88 against US dollar in early trade

10:12 AM

BSE advance-decline ratio at 1:2 at this hour

10:04 AM

Rupee Opening

Rupee opens at 72.91 per US dollar vs Monday's close of 72.94/$

9:57 AM

L&T gains 2% post December quarter results; analysts see further upside

Shares of Larsen & Toubro (L&T) rose 2 per cent to Rs 1,393 on the BSE in intra-day trade on Wednesday after the company reported better-than-expected December quarter numbers. According to Antique Broking, while near term earnings is expected to remain volatile on account of Covid-19 pandemic-led business challenges and uncertainties, long-term business prospects of L&T remain promising given infrastructure development remains one of the key pivotal theme of the government to revive economy. READ MORE

 

9:49 AM

ALERT :: Sensex slips below 48,000