F&O expiry: Sensex up 32 pts, ends April series below 50,000; metals shine

Among key sectoral indices, robust global demand lifted the Nifty Metal index to record peak of 4,869 on the NSE today

10:55 AM

MARKET CHECK :: Sensex at day's low

10:41 AM

KPIT Technologies zooms 8% as margins expand 150 bps YoY in Q4

The company reported operating margin expansion by 150 basis points due to improvement in utilisation and offshore revenues. Margins expanded from 13.5 per cent YoY on cost-saving measures. The company is targeting to keep the operating profit margin at 16-17 per cent level in FY22, he said. READ MORE

10:27 AM

RattanIndia Enterprises hits 5% upper circuit as firm forays into EV space

Shares of RattanIndia Enterprises hit 5 per cent upper circuit at Rs 10.15 on the BSE in intra-day session on Thursday after the company announced that it is venturing into electric vehicle (EV) space by acquiring a substantial strategic stake in EV two-wheeler maker Revolt Intellicorp. READ MORE

10:15 AM

RIL gains 2% on report co discusses stake sale with Aramco

Reliance Industries shares advanced 2.4 per cent in the intra-day deals on Thursday to hit a high of Rs 2,045 apiece on the BSE after a report suggested that the Mukesh Ambani controlled company has held talks with Saudi Aramco on a cash and share deal for sale of a 20 per cent stake in its oil refining and petrochemical arm.

 

"Aramco is weighing paying for the stake with its shares initially and then staggered cash payments over several years... The proportion of shares versus cash was still up for debate and terms had yet to be finalised," said a report by Financial Times. READ MORE

10:03 AM

Market Check :: Sensex off day's high, gives up 50K

9:52 AM

IPO Street: Zomato proposed offering ranks third on the league table

Zomato’s proposed initial public offering (IPO) comprises a fresh fund raise to the tune of Rs 7,500 crore — the third-largest for the domestic IPO market. The largest-ever fresh fund raise through an IPO was by Reliance Power at Rs 10,123 crore in 2008, followed by realty major DLF, which issued fresh shares worth of Rs 9,188 crore a year earlier. READ MORE

9:42 AM

MARKET VIEW | V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

The resilience of the market amidst the gloomy pandemic- related news has taken most market players by surprise. Amidst many walls of worries, Nifty has gained more than 500 points during the last 5 trading sessions. The favourable global market scenario is playing an important role in this vaccine-powered hope trade. The FOMC meet, as expected, has kept rates and the bond-buying program unchanged, reiterating the accommodative stance. Sustained bond-buying has the risk of higher ' asset price inflation and froth in the market. Even while enjoying the bull run investors have to be guarded against potential froth and bubbles. The localised lockdowns & curfews have not impacted industrial activity much but there is a downside risk to GDP growth & earnings estimates. The pain in segments like aviation, hotels, restaurants and retail trade will linger for some time. Financials have emerged stronger after the initial good Q4 results.

9:41 AM

Ahead of results :: Bajaj Auto in the green

Bajaj Auto is expected to post a solid growth in revenue and sales volume. However, the company’s Ebitda margin could come under pressure due to higher commodity prices and lower product mix on a quarterly basis, say analysts. READ HERE

 

9:40 AM

Reliance, Saudi Aramco discuss cash and share stake deal; stock climbs over 1%

Billionaire Mukesh Ambani's Reliance Industries is reported to have held talks with Saudi Aramco on a cash and share deal for sale of a 20 per cent stake in its oil refining and petrochemical arm.

 

9:38 AM

RattanIndia Enterprises hits 5% upper circuit on acquiring stake in EV maker

RattanIndia Enterprises said it has acquired a substantial stake in EV two-wheeler maker Revolt Intellicorp for Rs 150 crore to foray into the fast-expanding electric vehicle business.

9:37 AM

HUL gains ahead of March quarter results

Fast-moving consumer good (FMCG) major Hindustan Unilever (HUL) is expected to post a strong set of numbers for the quarter ended March 2021 (Q4FY21) supported by a lower base and improved traction in the out of home (OOH) and personal care segments. Moreover, consolidation of acquired nutrition business (GSK) could also aid the company's performance, say analysts. READ MORE

 

9:33 AM

Result Impact :: SIS jumps 3% even as Q4 profit growth remains flat

Security and Intelligence Services India (SIS) Group reported a net profit of Rs 102 crore for the fourth quarter of 2020-21. The company, which is also into the cash logistics business, had earned a profit of Rs 107 crore in the corresponding January-March quarter of the previous financial year.

9:30 AM

IndiaMart InterMesh rises 2% on acquiring stake in two firms

The company acquired stake in two companies, Shipway Technology and Truckhall, for about Rs 20 crore to strengthen its technology offering in logistics management, according to a regulatory filing.

9:28 AM

Affle India gains 2% as board approved opening of QIP

The company board has approved the opening of QIP of equity shares of face value of Rs 10 each from April 28. The floor price for the issue is Rs 5,422.94 per equity share. Further a meeting of Fund Raising Committee will be held on or after May 4 to consider and approve the issue price.

9:24 AM

HDFC duo, Reliance Industries among top Sensex contributors at this hour