Sensex ends 261 pts up at record closing peak of 48,438; IT stocks outrun

Axis Bank ended the session as top Sensex gainers, up 6 per cent at close, followed by gains in HDFC (2.7 per cent), IndusInd Bank (2.7 per cent), and TCS (1.7 per cent)

1:28 PM

BUZZING STOCK :: Vaibhav Global jumps 7% hits 52-week high amid surge in volumes

1:26 PM

BUZZING STOCK:: Info Edge surges 8%

1:07 PM

Recovery from intra-day lows in today's session

COMPANY	DAY'S LOW(RS)	DAY'S HIGH(RS)	LATEST(RS)	RISE(%)
TRIDENT	13.50	15.44	15.44	14.37
RAIL VIKAS	24.00	27.35	27.20	13.33
INDUS TOWERS	237.60	264.70	263.15	10.75
ALKYL AMINES	4472.00	4999.00	4940.70	10.48

12:51 PM

NEWS ALERT | Sustained improvement in high economic indicators ignite optimism for H2FY21: Fin Min

-- Spread of UK variant and fatigue from social distancing guidelines are downside risks

12:44 PM

Fin Min on macro-economic scenario

"The approval of the vaccines across the world has ignited optimism for economic recovery in the new year. Post-vaccination, the resumption in economic activity and increased mobility are expected to lead towards a path of economic recovery in the aftermath of the Covid19 pandemic."

12:43 PM

TCS m-cap nears Rs 12 tn mark; stock jumps 8% in 3 days

Shares of Tata Consultancy Services (TCS) continued their upward movement, hitting a new high of Rs 3,113, after rising 2.4 per cent on the BSE on Tuesday. TCS is set to become the second listed company to enter the Rs 12 trillion market capitalisation (market cap) club. The stock has rallied 8.5 per cent in the past three trading days. TCS' Rs 16,000 crore share buyback programme closed on Friday, January 1. READ MORE

12:31 PM

Fin Min on economy

The effective management of Covid-19 spread despite the festive season and onset of winter season, combined with sustained improvement in high frequency indicators and V-shaped recovery along with easing of lockdown restrictions distinguish Indian economy as one riding against the Covid-wave.

12:25 PM

NEWS ALERT | Economy witnessing V-shaped recovery since June 2020: Fin Min

-- Approval to vaccines key positive for the country

12:16 PM

Gold prices climb to 8-week high; is it time to invest in gold financiers?

After witnessing profit booking early December, 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. Gold prices were mildly lower on Tuesday, down 0.33 per cent at $1,938 per ounce, after rising 2.5 per cent on Monday as the US dollar halted its slide ahead of Senate runoff elections in Georgia. READ MORE

12:07 PM

Nifty IT index outperforms

12:06 PM

UltraTech Cement raises Rs 1,000 cr via NCDs

UltraTech Cement on Tuesday said it has raised Rs 1,000 crore through allotment of non-convertible debentures (NCDs) on private placement basis. On December 26, the company said it is considering a proposal to raise funds by issuance of 10,000 rated, listed, non-convertible, redeemable, unsecured NCDs of Rs 10,00,000 each aggregating to Rs 1,000 crore on private placement basis on or after December 30, 2020. READ MORE

11:58 AM

Dilip Buildcon incorporates SPV for road project worth Rs 882 cr

Infrastructure developer Dilip Buildcon on Tuesday said it has incorporated a special purpose vehicle (SPV) for road project worth Rs 882 crore in Gujarat. "The company has incorporated a special purpose vehicle (SPV) for a new HAM (hybrid annuity mode) project named as Dhrol Bhadra Highways as a wholly-owned subsidiary of Dilip Buildcon," the company said in a regulatory filing. (Text Source: PTI)

11:51 AM

Gold prices inch down as dollar recovers; focus turns to Georgia race

Gold prices eased on Tuesday after hitting an eight-week high, as the U.S. dollar recovered from multi-year lows ahead of Senate runoff elections in Georgia that will decide the future path of fiscal stimulus in the world's largest economy. Spot gold dipped 0.1 per cent to $1,939.79 per ounce by 0529 GMT, after hitting its highest since November 9 at $1,945.26 earlier in the session, while U.S. gold futures edged 0.1 per cent down to $1,944.10. READ MORE

11:50 AM

NEW FLASH | Govt taking policy steps to boost use of gas: PM Modi

- 16,000 km of gas pipeline to come up in 4-5 years

- Aim to set up 10,000 CNG gas stations in India

- Working on plan to develop coastal areas

11:37 AM

Ramco Systems hits over 4-year high in a weak mkt; rallies 49% in one month

Shares of Ramco Systems hit an over four-year high of Rs 724, having surged 9 per cent on the BSE in the intra-day trade on Tuesday, in an otherwise subdued market. The stock of information technology (IT) consulting & software company was trading at its highest level since June 2016. In the past 10 trading days, the stock has surged 35 per cent after the company announced that it has signed a multi-million-dollar agreement with a Global Fortune 500 major to unify and transform its Payroll for 18 countries in Asia Pacific region on Ramco's Managed Payroll Services. READ MORE