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
12:40 PM
NEWS ALERT | Tamil Nadu govt allows movie theatres to operate at 100% capacity: Report
>> Shares of PVR up 2.5%; Inox Leisure gain 4%
12:37 PM
NEWS ALERT :: I-T Dept conducts searches across 15 locations of Zee Group in Mumbai, say reports
12:29 PM
Gold prices scale eight-week high as tighter lockdown measures loom
Gold prices started the new year on a high by notching an eight-week peak after surpassing the key $1,900 level on Monday, as a surge in COVID-19 cases and prospects of tougher coronavirus control measures lured investors to the safe-haven metal.
Spot gold rose 1.1% to $1,919.07 per ounce by 0246 GMT, having hit its highest since Nov. 9 at $1,920.09, while U.S. gold futures climbed 1.5% to $1,923.50. READ MORE
12:28 PM
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Fall from intra-day high today
COMPANY | DAY'S HIGH(RS) | DAY'S LOW(RS) | LATEST(RS) | FALL(%) |
---|---|---|---|---|
DCM SHRIRAM | 420.00 | 395.00 | 396.20 | -5.67 |
TASTY BITE EAT. | 12263.70 | 11484.75 | 11588.00 | -5.51 |
DISH TV INDIA | 13.70 | 12.83 | 12.97 | -5.33 |
I D F C | 38.85 | 37.00 | 37.10 | -4.50 |
12:16 PM
Fitch Solutions revises forecast, says Indian rupee to trade weaker in 2021
Fitch Solutions has revised its forecast for the Indian rupee to average stronger at Rs 75.50 per US dollar in 2021 from Rs 77 previously, and Rs 77 in 2022 from Rs 79 previously to account for a stronger 2021 forecast. "We expect the rupee to trade only slightly weaker over the near term from current levels," it said. "We see depreciatory pressure on the rupee due to worsening terms of trade from rising oil prices, further monetary easing and bouts of risk-off sentiment being partially offset by US dollar weakness and central bank foreign exchange intervention to combat imported inflation." READ MORE
12:06 PM
BEML, RCF: Divestment may trigger a breakout in PSU stocks, charts show
Shares of public sector undertakings (PSUs) garnered traction on Monday after the government invited bids for strategic divestment in BEML, a defense and engineering company. Nifty PSE Index advanced as much as 1.5 per cent on the National Stock Exchange (NSE) in the intra-day day. At 11:45 am, the index was up 1 per cent, as against a 0.23 per cent gain in the benchmark Nfty50 index. On Sunday, DIPAM said the government will sell 26 per cent out of the total 54.03 per cent stake it holds in the company along with transfer of management control. READ MORE
11:54 AM
SECTOR WATCH :: Nifty Metal best sectoral performer, jumps 3%
11:38 AM
Avenue Supermarts extends gains to 4th straight day, hits record high
Shares of Avenue Supermarts, which runs the DMart chain of stores, were trading higher for fourth straight day, up 2 per cent at Rs 2,837 on the BSE in intra-day trade on Monday and was trading at its all-time high level. In the past one month, it has outperformed the market by gaining 16 per cent, as against a 6-per cent rise in the S&P BSE Sensex. Meeting of the board of directors of Avenue Supermarts is scheduled to be held on Saturday, January 9, 2021 to consider financial results of the company for the quarter ended December 2020 (Q3FY21). READ MORE
11:32 AM
JSPL shares rise 4% as firm posts record sales, production numbers in Dec
Private steel maker Jindal Steel and Power (JSPL) on Monday posted a record 30 per cent jump in its standalone production and 25 per cent growth in sales during December 2020. The company's total production from its plants in India was at 7.27 lakh tonne (LT) in December, up from 5.59 LT during the same month in 2019, JSPL said in a statement. During the month under review, its standalone sales were at 7.11 LT, as against 5.67 LT in December 2019. (Text Source: PTI)
11:31 AM
NEWS ALERT :: Cochin Shipyard announces interim dividend of Rs 9/sh
11:28 AM
Nifty Realty worst sectoral performer at this hour, down over 1%
11:16 AM
MARKET UPDATE:: Broader indices outperform benchmarks; India VIX rises 5%
11:04 AM
This cement stock has underperformed Sensex since listing; will tides turn?
Star Cement holds 25 per cent of the total market share of the North-Eastern region which contributes 75 per cent to its revenues. According to an analysis by Axis Securities, the cement demand in the region has grown at 8 per cent compounded annual growth rate (CAGR) over the past three years and is expected to grow further as the region has the lowest per capita consumption of cement in India, and on the back of housing and infra activities undertaken by the government. READ MORE
11:04 AM
MARKET UPDATE:: Sensex pares gains, slips into red
10:54 AM
IT shares in demand ahead of Q3 results; TCS, Infy, HCL Tech hit new highs
Tata Consultancy Services (TCS) and Larsen & Toubro Infotech (LTI) were up 2 per cent at Rs 2,988 and at Rs 3,769, respectively, hitting new highs on Monday. Infosys, HCL Technologies, Wipro, and Tech Mahindra, too, were trading at their respective fresh record highs on the NSE. READ MORE
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First Published: Jan 04 2021 | 7:50 AM IST