Bull-run enters 6th day; Sensex soars 617 pts, Nifty ends above 15,100

Weightage-wise, Infosys (up 3 per cent), Reliance Industries, ICICI Bank, M&M, and TCS contributed around 408-points towards overall gains on the index

3:10 PM

JSW Steel to raise $1 bn via dollar bonds for Bhushan acquisition, capex

A banking source said talks with the company are currently focused on the structure of the offering and seeking necessary approvals from the Reserve Bank of India (RBI). "The issue will be launched as early as this month," said a banker. READ MORE

3:00 PM

Stocks that hit 52-week high on BSE today

Company	PRICE(rs)	52 WK HIGH	CHG(%)
Adani Enterp.	627.45	638.05	5.36
Adani Ports	580.65	594.00	2.46
Adani Transmissi	549.95	550.00	3.84
Aegis Logistics	306.00	320.00	3.89
Affle India	4320.00	4582.80	3.52

2:49 PM

BUZZING :: NCC soars 17.5%, hits 52-week high

2:48 PM

Buzzing Stock :: Birlasoft shares witness profit taking after hitting 52-week high

>> Shares of Birlasoft were trading 5 per cent lower as investors booked profit
>> The company on Friday reported a 32.6 per cent YoY rise in consolidated net profit at Rs 96.3 crore for December quarter of the ongoing financial year.

2:42 PM

Century Plyboards arm's new unit in Africa begins commercial production

Century Plyboards (India) on Monday said its subsidiary's newly set up veneer manufacturing unit in Africa has started commercial production. "The newly set up veneer manufacturing unit of the company's wholly-owned subsidiary Century Gabon SUARL at Gabon in Africa, has successfully started its commercial production today, i.e. February 8, 2021," Century Plyboards said in a regulatory filing. 

(Text Source: PTI)

 

2:31 PM

Sales recovery, margin expansion mark Q3 revival for retail major Trent

The pace of recovery and margin expansion for retail major Trent in the December quarter got a thumbs up from the Street. The Trent stock was up 3 per cent in trade on Friday on expectations that Q3 performance will gather momentum in the March quarter leading to lower losses for FY21 than predicted earlier.

 

The key takeaway was the sharp recovery in revenues driven by both physical retail as well as digital format. READ MORE

2:31 PM

FMCG index down half a per cent; Britannia, HUL top losers

2:30 PM

SECTOR WATCH:: Cement stocks gain

Company	LATEST(rs)	CHG(%)
Ambuja Cements	277.05	2.14
JK Lakshmi Cem.	370.20	5.71
India Cements	172.20	0.53
The Ramco Cement	925.90	6.29
UltraTech Cem.	6425.00	1.15

2:24 PM

Higher non-interest income, low rates keep lenders buoyant in Q3

The Nifty Bank index, with gains of over 12 per cent in a month, is the clear outperformer among sector indices. On an average, bank stocks have rallied by 8-20 per cent in this period, with State Bank of India (SBI) (38 per cent gains during this period) leading the table.

 

Much of the stock price movement is in reaction to the better- than-expected results for the December 2020 quarter (Q3). READ MORE

2:15 PM

MARKET UPDATE:: Sensex at day's high

2:15 PM

Why bonds dealers chose to ignore Shaktikanta Das' nationalist call

The Reserve Bank of India (RBI), the merchant banker to the government, is required to borrow Rs 2.16 trillion from the market in February and March by auctioning government securities. The number goes up to Rs 4.5 trillion if state development loans are also included. READ MORE

2:10 PM

European markets check

(Source: Reuters)

2:06 PM

Shree Cement crosses Rs 1 trillion in market capitalisation

Shree Cement has joined the elite club of companies with Rs 1-trillion market capitalization (market-cap) on the BSE, after its share price hit a new high of Rs 28,059, rallying 5 per cent in intra-day trade on Monday. The company engaged in the manufacture and sale of cement and cement related products surpassed its previous high of Rs 27,356, touched on February 4, 2021. READ MORE

2:02 PM

Sensex scales fresh record high, tops 51,500

1:52 PM

BUZZING STOCK :: SCI shares tank over 3% post Q3 numbers

The Shipping Corporation of India reported a 55.4 per cent YoY decline in consolidated profit at Rs 131.57 crore for the quarter ended December 31, 2020.