MARKET WRAP: Sensex gains 220 pts, ends above 40K as PSBs, IT stocks rally

All that happened in markets today.

9:22 AM

BHEL surges nearly 10% as CLSA upgrades to BUY

9:21 AM

BEML jumps 9% on divestment buzz

9:20 AM

Sectoral gainers and losers on the NSE

9:20 AM

Top gainers and losers on the S&P BSE Sensex

9:18 AM

OPENING DEALS

At 09:17 am, the S&P BSE Sensex was trading 118 points or 0.30 per cent higher at 39,950, while NSE's Nifty50 index was trading at 11,846, up 59 points or 0.50 per cent.

9:13 AM

Momentum Picks by ICICI Securities

 

9:04 AM

Top gainers and losers on S&P BSE Sensex during Pre-open

9:04 AM

Market at Pre-open

9:03 AM

Market at Pre-open

9:02 AM

BROKERAGE RADAR | ICICI Securities on Supreme Industries

The strong performance of the piping business and solid balance sheet (debt/equity 0.08x) with higher return ratios RoE, RoCE at 22 per cent, 29 per cent reduces short-term concerns in the industrial and packaging segment. We maintain our BUY recommendation on the stock with a target price of Rs 1,420/share.

9:01 AM

Rupee Opening Alert

Rupee opens 70.90/$ vs Tuesday's close of Rs 70.84/$ 

8:59 AM

Rollover Highlights for Nifty, Bank Nifty and Marketwide

(Source: Nirmal Bang Research)

8:50 AM

Stocks to watch: HDFC Life, Petronet LNG, Concor, BEML, NTPC, PVR, telcos

Here's a look at the top stocks that may remain in focus today -

 

HDFC Life Insurance: UK’s Standard Life is planning to divest up to 4.5 per cent stake in HDFC Life Insurance. According to terms of a detail obtained by Bloomberg, the shares will be offered in the range between Rs 562 and Rs 575.

 

Earnings today: Concor, Graphite India, United Bank, Tata Global Beverages, and Tata Chemical are among the 61 companies scheduled to announce their September quarter results today. READ MORE

8:48 AM

FII, mutual fund buying takes Indian stock markets close to new highs

The Indian markets are staring at fresh all-time highs, even as foreign and domestic investors have joined forces, following the surprise rate-cut announcement by the government last month. The benchmark Sensex and Nifty had gained more than 10 per cent since September 19, when they had ended at seven-month lows.

 

During this period, foreign institutional investors (FIIs) have pumped in nearly Rs 17,000 crore, while mutual funds (MFs) have been net buyers to the tune of Rs 9,000 crore. Currently, the Sensex is only 1 per cent away from its record high of 40,268 made in early June. Another 2 per cent gain in the Nifty could see the 50-share index surpass its previous record of 12,089 logged on June 3. READ MORE

8:41 AM

Govt mulls more steps to boost market sentiment, may scrap DDT, rejig LTCG

The government and regulators have had a few rounds of discussion over the taxation system for share markets in the past few days, said official sources, adding that the government feels the DDT might be acting as a hindrance to the inflows of foreign investment in the country. READ MORE