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

10:45 AM

Q&A | Maintain a constructive view on Indian equities for 2021, says Ashish Gumashta

The improving earnings outlook, coupled with heal­thy flows, is expected to ke­ep investors interested in equities. Hence, we expect the Indian equity markets to continue to do well in 2021, albeit with inte­r­mittent bouts of corrections. Over the past couple of months, the market breadth has improved, with mid- and small-caps attracting flows. This broad-based participation should continue. READ FULL INTERVIEW HERE

10:33 AM

Reliance Jio files plea in Punjab & Haryana High Court on 'vandalism by miscreants'

• Jio seeks intervention to stop acts of vandalism
• Shall insist suppliers to abide by MSP
• Have not done any 'corporate' farming in past
• RIL shares down 0.50% on BSE 

10:33 AM

NEWS ALERT :: December Manufacturing PMI stands at 56.4 vs 56.3 in November

>> The health of the Indian manufacturing sector continued to Source: IHS Markit. strengthen in December, with manufacturers stepping up production and input buying amid efforts to rebuild their inventories following business closures earlier in the year. While firms were able to lift input stocks, and did so at the quickest rate in nearly a decade, holdings of finished goods decreased sharply due to ongoing increases in new work. 

>> The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) was at 56.4 in December, a tick higher than November's reading of 56.3 and above the critical 50.0 threshold for the fifth straight month. 

(Source: IHS Markit)

10:23 AM

BEML rallies 8% as govt invites initial bids for strategic divestment

Shares of BEML Limited rallied 8 per cent to Rs 1,050 on the BSE on Monday after the government invited bids for strategic divestment in in the defense and engineering company. The stock was trading close to at its 52-week high level of Rs 1,080 on January 16, 2020. 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, according to the preliminary information memorandum released by the Centre. READ MORE

10:15 AM

Tata Motors gains 4%, nears 52-week high on strong December sales data

Tata Motors’ commercial vehicle (CV) domestic sales in the October-December quarter (Q3FY21) stood at 82,155 units, up 48 per cent against the previous quarter, the company said in an exchange filing, post market hours on Friday. The sales were broadly in line with the figure posted in Q3FY20 (- 3.5 per cent). READ MORE

10:06 AM

L&T bags mega order from HPCL Rajasthan Refinery

• L&T defines orders above Rs 7,000 as 'mega'
• The stock was trading over 1 per cent up on BSE

10:04 AM

Rupee Opening

Rupee opens stronger at 72.94 per US dollar vs Friday's close of 73.12/$, trades at highest level since Sept 2

10:00 AM

Antony Waste Handling slumps 9%

9:55 AM

Sunflag Iron and Steel soars 11%, hits 52-week high

9:55 AM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(%)
VODAFONE IDEA	11.85	5.80
SUZLON ENERGY	7.21	4.95
TRIDENT	11.89	10.81
B H E L	40.20	3.88
PUNJAB NATL.BANK	35.30	1.44

9:49 AM

Nifty Metal index, up 2 per cent, leads sectoral gainers

9:49 AM

Inox Leisure gains over 2% on vaccine boost

9:41 AM

Rashtriya Chemical shares rise nearly 3% as govt plans to sell 10% stake in firm

The government is planning to sell 10 per cent stake in Rashtriya Chemical and Fertilizers and has invited bids from merchant banker and legal firms for managing the share sale process.

9:40 AM

Covid-19 Update :: India reports 16,505 new cases on Sunday

9:38 AM

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

Positive economic data like all-time record GST collections (Rs 1.15 lakh crores) and impressive auto numbers particularly in crucial segments like HCVs & MCVs in December augur well for the markets. The low-interest-rate has become a major tailwind for the economy. Indian economy can grow by above 10 % in FY 22. This means around 16 % increase in nominal GDP and impressive growth in corporate profits. Low-interest rate regime in the developed world and the declining dollar are positives for capital inflows into EMs like India. The risk is something triggering capital outflows which can cause a sharp correction in markets.