Business Standard

Wednesday, December 25, 2024 | 07:00 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Sensex ends 308 pts up at 48,177, Nifty at 14,133; Nifty metal surges 5%

S&P BSE MidCap index touched record high in the intra-day trade of 18,435. On the sectoral front, Nifty IT index closed at record high

Image SI Reporter New Delhi
stock market broker

2:44 PM

NEWS ALERT :: India's Oct-Dec sugar output surged 42%YoY to 110.22 lakh tonne

2:34 PM

Budget 2021 will address woes of affected sectors, says Finance Secretary

Finance Secretary AJAY BHUSHAN PANDEY attributes the record December goods and services tax (GST) collections at Rs 1.15 trillion to economic recovery and the government’s measures to address tax evasion. READ MORE
2:26 PM

Limited near term gains for Syngene International stock in pharma space

The Syngene International stock has been one of the big outperformers within the pharma space over the past year nearly doubling in value. The gains came on the back of expectations that a rise in research and development programmes of innovators and the expansion of its contract manufacturing business will boost its medium term prospects. READ MORE

2:16 PM

Corporate Action :: Alkyl Amines to consider stock split in February 2 board meeting

>> To also consider setting up new project including amines 

2:15 PM

Q3 Biz Update :: India business delivered a strong performance with double-digit volume growth, says Marico

>> The quarter was characterized by a faster than expected recovery in consumer sentiment in Indi

>> India business delivered a strong performance with double-digit volume growth. Revenue growth was in tandem with volume growth.

>> The International business had a resilient quarter with high-single digit constant currency growth, led by double-digit constant currency growth in Bangladesh and recovery in few other markets.
2:12 PM

European indices trade higher in early deals

(Source: Reuters)

2:02 PM

NEWS ALERT | L&T Hydrocarbon bags an an order in the range of Rs 2,500-5,000 cr from HPCL Rajasthan Refinery

1:50 PM

Vodafone Idea, RIL, Tata Steel among most active stocks in volume terms

1:44 PM

NEWS ALERT | TCS hits new high of Rs 3,015, trading above share buyback price of Rs 3,000 per share

-- The buyback offer closed on Friday, January 1, 2021
Tata Consultancy Services (TCS)

1:38 PM

MARKET STATS :: BSE advance-decline ratio at 2:1

Benchmark Indices
1:29 PM

BSE Midcap index hits record high; JSPL, Ashok Leyland surge 6%, SAIL up 5%

Shares of midcap companies were on a roll on Monday with the S&P BSE Midcap index hitting a record high on the back of a strong rally in metals, financials and public sector undertaking (PSU) stocks. At 12:50 pm, the S&P BSE Midcap index was up 0.85 per cent at 18,319 levels, as compared to a 0.31-per cent rise in the S&P BSE Sensex. The midcap index hit a record high of 18,363 in the intra-day trade, surpassing its previous high of 18,321, touched on January 9, 2018. READ MORE
defaults, NPA, growth, credit, economy, gdp, market, shares, stocks, valuation, growth, profit, loss

1:14 PM

S&P BSE MidCap index up 1%; Ashok Leyland, Voda Idea, Jindal Steel up 5% each

1:05 PM

BROKERAGE VIEW :: Jefferies sees Nifty at 15,800 by Dec 2021

>> Nifty currently trades at 22.3x 12M forward earnings - more than 1sd above the past 10-year range. However, our favourite (bond yield - earnings yield) metric shows that the valuation is close to averages.

>> Favourable global backdrop should continue to drive foreign inflows and we expect overall domestic retail participation (including direct participation) will be supportive.

>> Our Nifty target implies a 20x 12M forward PE - 10% derating from the current level. We remain OWT – Financials, Property, industrials, materials. Neutral – Pharma, energy, discretionary. UWT – Staples, Utilities, IT services, telecom.
1:02 PM

Revathi Equipment hits 20% upper circuit on voluntary delisting proposal

The company informed the stock exchanges that it has received a letter dated January 3 from the promoters and promoter group of the company with a proposal to voluntarily delist the equity shares of the company from BSE and National Stock Exchange (NSE) in accordance with the SEBI regulations. READ MORE
12:51 PM

Oil prices touch multi-month highs as OPEC+ expected to hold output

 Oil prices touched multi-month highs on Monday on expectations that OPEC and allied producers may cap output at current levels in February as the coronavirus pandemic keeps worries about first-half demand elevated. Prices rose in line with broader financial markets with Brent crude futures reaching $53.17 a barrel, the highest since March 2020. U.S. West Texas Intermediate crude touched $49.71 a barrel, the highest since February 2020. READ MORE
OPEC

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 04 2021 | 7:50 AM IST