RIL, pvt banks take Sensex 558 pts up; Nifty tops 14,650; Nifty Metal up 3%

Hindalco, L&T, Tata Steel, Divis Labs, Reliance Industries, Bajaj Finance, and SBI were the top gainers on the 50-share pack

9:04 AM

Pre-open Session | Sensex rises 130 points

8:59 AM

Top stocks to watch today

Tech Mahindra: The IT major on Monday reported net profit of Rs 1,081 crore for the fourth quarter ended March 31, 2021, up 34.6 per cent year-on-year (YoY). On a sequential basis, the figure was down 17.4 per cent from Rs 1,309.8 crore. The company misses estimates of over 50 per cent jump in Q4 PAT.

 

SBI Card: SBI Cards and Payment Services (SBI Card) reported a net profit of Rs 175 crore in the March quarter of FY21, up 110 per cent compared to Rs 84 crore in the same period last year due to lower provisions and a significant jump in other income and income from fees and services. READ MORE

8:56 AM

Jindal Steel and Power in focus

>> The Board approved the divestment of its entire equity interest (representing 96.42% of the issued and paid up capital) in Jindal Power Limited, by way of sale of shares, to Worldone Private Limited, a Promoter Group Company and a related party to the Company.

>> The long stop date for completion of the Proposed Sale is 12 months which maybe mutually extended by the parties thereto, failing which the Proposed Sale shall terminate.

>> The equity value is an all-cash offer of Rs 3,015 crore for 96.42% stake in the Target Company, which would be paid by the Acquirer through cash upon completion of the Proposed Sale.

8:50 AM

Bulk deals on the BSE as on Monday

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8:44 AM

Bulk deals on the NSE as on Monday

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8:38 AM

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

8:34 AM

Covid vaccine :: India to receive first batch of COVID vaccine Sputnik V on May 1, says RDIF CEO

>> Russian pharmaceutical firm Pharmasyntez said it is ready to ship up to 1 million packs of Remdesivir to India by end of May after receiving Russian government's nod

8:28 AM

Rupee check

Source: Bloomberg

8:23 AM

Oil check

US crude ticked up 0.26% to $62.07 a barrel, and Brent crude rose 0.29% to $65.84 per barrel, but the bounce in oil could be limited due to worries about the return of travel restriction in response to India’s coronavirus surge.

8:16 AM

SGX Nifty update

At 8:15 AM, the index was at14,452, down 35 points

8:11 AM

Wall Street check

Fueled by rally in Tesla Inc and other heavyweight growth stocks ahead of a deluge of earnings reports this week, S&P500 and Nasdaq clinched record closing highs in the overnight session on Monday. The S&P 500 gained 0.18% and the Nasdaq Composite climbed 0.87%.

 

The Dow Jones Industrial Average slipped 0.18%.

8:08 AM

Asian markets check

Most Asian stocks slipped in early trading and US futures edged higher as traders await a Federal Reserve meeting that is expected to leave policy exceptionally loose despite robust growth.

 

Japan’s Topix Index was down 0.4%, South Korea’s Kospi Index edged down 0.2% and Australia’s S&P/ASX 200 Index shed 0.3%.

 

8:03 AM

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