Sensex ends choppy day 25 pts lower; midcaps skid; M&M up 6%, HDFC down 2%

Stock market LIVE updates: India VIX ticked up 4 per cent in the intra-day trade, but ended 2 per cent higher

7:13 AM

Private banks Q3 preview: Debt restructuring nos eyed; PAT may grow 20% YoY

Pick-up in the economic activity and buoyant loan growth during the festive season is expected to boost earnings of private banks for the December quarter of financial year 2020-21 (Q3FY21). Among the pack, mighty banks such as HDFC Bank and ICICI Bank, however, are expected to outperform their peers, analysts say. READ MORE

7:03 AM

L&T receives multiple orders in domestic, overseas market

Infrastructure company Larsen & Toubro (L&T) on Wednesday said it has received multiple orders across business segments in the domestic and international market. The company did not provide the value of the contracts but said the orders fall under the "significant" category, which ranges between Rs 1,000 crore and Rs 2,500 crore according to the classification of contracts. (Text Source: PTI)

6:55 AM

YONO, earnings recovery key triggers for SBI: Goldman Sachs, Macquarie

Foreign brokerage Goldman Sachs has added the stock to its 'Conviction List' and has revised its target upwards from Rs 367 to Rs 383, which translates to 31 per cent upside from Tuesday's closing price.

 

"As the outlook on Indian macro improves, SBI remains one of the most attractive names within our coverage. Despite nearly 40 per cent increase in share prices in the last five months, investors are still pricing in around 60 per cent hit to its FY21E book value, which seems excessive. We believe not only does the bank have strong balance sheet protection, but there are other drivers that the market is yet to fully appreciate," it said in its latest report. READ MORE

6:46 AM

Tech view: Bharti Airtel may rally another 15% once it scales all-time high

From a technical viewpoint, this counter is headed towards the all-time high of Rs 612 levels on the NSE. Once this mark is surpassed, the upside may open doors for the uncharted territory of Rs 670 and Rs 710 levels, from a medium-term scale. The closing basis support stays at 585 levels. The Relative Strength Index (RSI) has started showing upside bias with momentum staying in favour of bulls, in its overbought category.  READ MORE

6:38 AM

Market Stats: Advance-decline ratio at 3:4 on BSE

6:36 AM

M&M reclaims Rs 1-trn m-cap mark as stock surges 5%, hits over 2-yr high

Mahindra & Mahindra on Wednesday regained the market-capitalisation (market-cap) of Rs 1-trillion after the firm's stock hit an over two-year high of Rs 817, surging 5 per cent on the BSE. At 11:39 am, the company had a market-capitalisation of Rs 1.01-trillion, BSE data shows. The stock of car and utility vehicles company was trading at its highest level since October, 2018. It hit a record high level of Rs 992 on August 30, 2018. READ MORE

6:23 AM

Top Sensex drags: HDFC, TCS, HDFC Bank

6:21 AM

NEWS FLASH :: Paytm Money launches F&O, derivatives trading

6:16 AM

Wipro hits fresh record high ahead of December quarter results

Shares of Wipro hit a fresh record high of Rs 467, up 2 per cent, on the BSE on Wednesday ahead of the October-December quarter (Q3FY21) results. The information technology (IT) consulting & software company will announce its results after market hours today. In the past one month, Wipro has outperformed the market by surging 32 per cent as compared to an 8 per cent rise in the S&P BSE Sensex. However, in the past three months, post the July-September quarter (Q2FY21) results, the stock has moved in line with Sensex and gained 23 per cent as against a 22 per cent gain in the benchmark index. READ MORE

6:14 AM

Result today :: Large deals, acquisitions to drive Infosys' PAT by up to 16% YoY

Lead by the ramp-up of Vanguard deal, incremental revenue contribution from acquisitions and strong growth momentum in key verticals, IT bellwether Infosys may post a 9-10 per cent year-on-year (YoY) growth in its revenue (in rupee terms) for the quarter ended December 2020 (Q3FY21). The revenue could rise between 2.5-3.5 per cent quarter-on-quarter (QoQ) in constant currency (cc) terms and 3-4 per cent in dollar revenue terms. READ MORE

6:02 AM

Top Sensex gainers and losers at this hour

5:49 AM

Market Update :: Sensex off record high levels, up nearly 100 points

5:36 AM

Infosys trades marginally higher ahead of Q3 results

5:24 AM

Bajaj Electricals rallies 17% on stable outlook, up 37% so far in January

Shares of Bajaj Electricals hit a fresh record high of Rs 834 after rallying 17 per cent on the BSE in intra-day trade on Wednesday on expectations of a healthy revenue growth in the consumer products segment in near-term. The stock of the household appliances company was trading higher for the ninth straight day. It has zoomed 37 per cent thus far in the month of January 2021. READ MORE

5:10 AM

Nifty achieves another milestone as valuation hits all-time high of 40x

The benchmark Nifty50 index on Tuesday reached another milestone in its journey to scale fresh peaks. The index price-to-earnings (P/E) multiple reached an all-time high of 40x on Tuesday when it made an intra-day high of 14,590.65. The index closed the day with a P/E multiple of 39.9 and earnings per share (EPS, or earnings per unit of the index) of Rs 364.6. READ MORE