MARKET WRAP: Sensex jumps 530 pts, ends at fresh closing peak; metals shine

All that happened in markets today.

11:36 AM

Metal stocks gain; Tata Steel, Hindalco up 4%, Jindal Steel climbs 5%

Shares of metal companies were in focus on Monday with the Nifty Metal index gaining over 2 per cent on renewed hopes of positive developments in US-China trade talks. Jindal Steel & Power (JSPL) and Hindalco Industries were up 5 per cent and 4 per cent, respectively. Tata Steel, JSW Steel, Vedanta, Steel Authority of India (SAIL) and NMDC were up in the range of 2 per cent to 3 per cent on the National Stock Exchange (NSE). READ MORE

11:35 AM

NEWS ALERT | No plan to bring QIP at this point in time: SpiceJet

11:33 AM

Market check

11:32 AM

Market check

11:30 AM

IBC rules for NBFC resolution credit positive for banks, says Moody's

India's banks are largest lenders to non banking finance Institutions (NBFI). The provisions in the IBC provide for the orderly resolution of a stressed company. Until now, the only resolution framework for NBFIs was through liquidation.

 

"We expect an orderly resolution process via the IBC will help limit losses for creditors as compared with liquidation," Moody's said in a statement. READ REPORT HERE 

11:28 AM

Nifty Auto index trades higher

11:19 AM

Eris Lifesciences gains 6% as 3% equity changes hands via block deals

Shares of Eris Lifesciences have surged 6 per cent to Rs 437 in early morning trade on BSE on Monday after nearly 3 per cent of total equity of pharmaceutical company changed hands via block deals. Around 3.82 million equity shares representing 2.78 per cent of total equity of Eris Lifesciences have changed hands on the BSE, the exchange data shows. Names of the buyers and sellers could not be ascertained immediately. READ MORE

11:15 AM

L&T Finance Holdings climbs over 4%

11:10 AM

NEWS ALERT | JMC Projects bags orders worth Rs 615 cr in east & south India

10:55 AM

BUZZING STOCK:: Aditya Birla Capital surges 10%

10:42 AM

Adani Green Energy hits new high; zooms 120% in two months

The counter has seen huge trading volumes with a combined 2.45 million shares changing hands on the NSE and BSE in the first half-an-hour of trading. In the past two months, the stock has zoomed 120 per cent, as against a 5 per cent rally in the benchmark S&P BSE Sensex. At 10:35 AM, the stock was trading 6.4 per cent higher at Rs 113.5 apiece, as against a 0.58 per cent rise in the benchmark index. READ MORE

10:36 AM

Buzzing | Phoenix Mills gains 4%

10:24 AM

Rupee only emerging Asian currency to slide this qtr; losses to gather pace

India’s rupee is the only emerging Asian currency to weaken this quarter and its losses may gather pace as a report this week is forecast to show economic growth slid to a six-year low. The rupee, which has slumped almost 5% from this year’s high in July, is also under selling pressure due to escalating levels of public debt and a credit crunch among non-bank finance companies, known as shadow banks. READ MORE

 

 

10:13 AM

Ashoka Buildcon zooms 12% on receipt of order worth Rs 1,000 crore

According to the infra developer's BSE filing, its arm Ashoka Concessions Limited has received a Letter of Award (LOA) from National Highways Authority of India, the central government's arm for constructing national highways across the country, for the projects under Bharatmala programme, the flagship programme of the government to develop highways worth Rs 6.92 trillion across India. The bagged project includes four laning of NH-161 from Kandi to Ramsanpalle inTelangana on Hybrid Annuity Mode (HAM). READ MORE

10:05 AM

BUZZING STOCK:: InterGlobe Aviation gains 3%