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

All that happened in markets today.

8:39 AM

NEWS ALERT | There's no deviation in utilisation of rights issue proceeds: Bharti Airtel, reports CNBC TV18

-- Co says, monitoring report issued by Axis Bank for September-ended quarter

8:36 AM

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

The finance ministry and regulators are reviewing the possibility of scrapping the dividend distribution tax (DDT) in a bid to regain investor confidence in the equity markets, said sources in the government. It is also considering rationalisation of the long-term capital gains (LTCG) taxation structure by classifying three asset classes against six at present. READ MORE

8:32 AM

Plans to cut debt, rack up gains via cost cutting perk up Tata Motors stock

The Tata Motors stock gained about 17 per cent on Tuesday on the back of brokerage upgrades owing to a better-than-expected September quarter performance at its British unit, Jaguar Land Rover (JLR). Plans to reduce debt and rack up gains through cost cutting also perked up the Tata Motors stock.

 

The stock has, over the last two trading sessions, gained 36 per cent. While analysts have pointed out multiple triggers for this, what has led to the upgrades is the operational turnaround at JLR. READ MORE

8:27 AM

Technical calls by Religare Broking: Buy Dabur, HDFC, Hero Motocorp

Dabur India
 

Recommendation: Buy
 

Last Close: Rs 465.85

 

Initiation range: Rs 462-466
 

Target: Rs 490
 

Stop loss: Rs 450
 

We’re seeing a mixed trend in the FMCG space wherein DABUR is showing tremendous strength. After retesting the record high, it has witnessed a marginal dip of late, offering fresh buying opportunity to those who missed the chance earlier. The chart pattern combined with the existence of strong support at 450 levels is further adding to the positivity. We advise creating fresh longs in the given range. READ MORE

8:25 AM

Bulk deals on BSE as on Tuesday

Click here for complete list

8:23 AM

Bulk deals on NSE as on Tuesday

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8:21 AM

FII/FPI & DII trading activity on NSE, BSE and MSEI

8:11 AM

Rupee Check

Source: Bloomberg

8:09 AM

Oil Check

At 8:08 am, Brent Crude Futures was at $61.03 per barrel.

8:06 AM

SGX Nifty

At 8:05 am, the Singaporean Exchange for Nifty Futures was at 11,810-levels, up 4 points or 0.03 per cent.

8:04 AM

Asian Market Check

Source: Reuters

7:58 AM

US Market Check

Source: Reuters

7:50 AM

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7:50 AM

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