BSE m-cap at Rs 200 trillion as Sensex ends 358 pts up at 50,614; PSBs jump

Robust buying in shares of ITC, Kotak Mahindra Bank, State Bank of India, Bajaj Finance, ICICI Bank, and M&M helped the benchmark S&P BSE Sensex scale fresh lifetime peak of 50,687.51 level

11:33 AM

Q3 Results :: Godrej Properties PAT at Rs 14.35 cr; down 69% YoY

> Cons PAT at Rs 14.35 crore vs Rs 46.7 cr YoY

> Cons revenue at Rs 170 cr vs Rs 382 cr YoY

11:21 AM

Market Update | Sensex wipes off losses, breaks in to the green

11:10 AM

NEWS FLASH :: Bandhan Bank appoints Arvind Singla as Head - Operations & Technology

>> Singla was Director & Head - Consumer Operations at Citibank

11:06 AM

M&M rallies 19% in four days, hits fresh 52-wk high on strong tractor sales

Shares of Mahindra & Mahindra hit a fresh 52-week high of Rs 893 on the BSE aftre rallying 7 per cent on Thursday. The stock has surged 19 per cent in the past four days after reporting strong tractor sales volume of 35,000 units for January 2021, up 50 per cent over the same month previous year. The stock is 10 per cent away from its all-time high level of Rs 992, touched on August 30, 2018. READ MORE

10:58 AM

MARKET UPDATE:: Broader indices outperform benchmarks

10:50 AM

NEWS ALERT :: Sadbhav Engg Promoter releases pledge on 43 lakh shares on February 3

10:43 AM

Bajaj Consumer zooms 33% in 2 days post Q3 results, dividend announcement

Shares of Bajaj Consumer Care, on Thursday, shot up 11 per cent to hit a 52-week high of Rs 284 in intra-day trade on the BSE, thus zooming 33 per cent in the last two trading sessions after the company reported 17 per cent year on year (YoY) growth in consolidated net profit at Rs 57.30 crore in the December quarter (Q3FY21), on healthy revenue. The personal products company posted 17 per cent YoY jump in sales at Rs 248.39 crore. READ MORE

10:35 AM

BUZZING STOCK :: Prince Pipes & Fittings surges 15% post Q3 numbers

>> Revenue from operations stood at Rs 549 crore, up 39 percent YoY. PAT at Rs 67 crore grew 175 percent YoY.

 

10:34 AM

After GameStop, the rise of Dogecoin shows us how memes can move markets

For many cryptocurrency investors, the value of Bitcoin is based on the fact it is artificially scarce. A hard cap on “minting” new coins means there will only ever be 21 million Bitcoin in existence. And unlike national currencies such as the Australian dollar, the rate of release for new Bitcoin is slowing down over time. READ MORE

10:24 AM

EM stocks may have already peaked for the year, says Morgan Stanley

After a surge to record highs in January, EM stocks may have already peaked for the year, says Morgan Stanley. There are eight reasons why the MSCI Emerging Markets Index won’t climb any further, analysts led by Jonathan Garner, chief Asia EM strategist (based in Hong Kong), wrote in a report. The measure has overshot and fallen below the bank’s previously-set year-end target of 1,330. READ MORE

10:14 AM

SECTOR WATCH:: Nifty Bank index falls 500 points in intra-day deals

10:10 AM

BUZZING STOCK :: Home First Finance shares rise over 9%

The shares which listed on the bourses on Wednesday at a premium of 19 per cent over the issue price witnessed profit booking in the later session and ended only 2 per cent higher.

10:08 AM

Rupee Opening

Rupee opens at 72.92 per US dollar vs Wednesday's close of 72.95/$

9:58 AM

Apollo Tyres surges 10%, hits 52-week high on strong Q3 results

Shares of Apollo Tyres were locked in the 10 per cent upper circuit band at Rs 250, which was also its fresh 52-week high, on the BSE in the intra-day trade on Thursday after the company's consolidated net profit more-than-doubled to Rs 443.8 crore in December quarter (Q3FY21) on the back of healthy operational performance and other income. The auto tyres & rubber products company had clocked a profit of Rs 173.9 crore in Q3FY20 and had posted a net loss of Rs 246.20 crore in Q2FY21. READ MORE

9:53 AM

BUZZING STOCK:: Mahindra & Mahindra rallies over 5%