Sensex soars 380 pts, ends at 51,017; Nifty at 15,301; metal stocks slide

Volatility index, India VIX, however, surged 11 per cent to 21 levels ahead of the expiry of monthly F&O contracts due tomorrow

10:17 AM

Adani Total, Apollo Hospitals, Chola could move to MF large-cap universe

Adani Total Gas, Apollo Hospitals, Cholamandalam Investment are among the stocks that are likely to get added to the mutual fund (MF) large-cap universe. The changes are likely during the half-yearly review undertaken by MF industry body Amfi during the first week of July.

 

Meanwhile, Petronet LNG, PI Industries and Hindustan Petroleum Corporation (HPCL) could get demoted from the large-cap list to mid-cap list, as per an analysis done by Sriram Velayudhan, Vice President at IIFL Securities. READ MORE

10:05 AM

Lux Industries soars 11%, hits new high on robust March quarter results

Lux Industries' income from operations during the quarter under review jumped 49 per cent year on year (YoY) at Rs 601 crore against Rs 404 crore in the corresponding quarter of previous fiscal. Ebitda (earnings before interest, taxes, depreciation, and amortisation) margins improved 507 basis points (bps) at 21.45 per cent against 16.38 per cent in the year-ago quarter. Higher Ebitda margins were on account of an increased share of value-added products and overall cost efficiency measures, including advertisement expenditure. READ MORE

9:57 AM

MORNING MARKET COMMENTARY :: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

A significant feature of the ongoing global stock market rally is that it has demonstrated great resilience even in the midst of the second wave of the pandemic. The factors driving the rally like the huge liquidity, historically low interest rates, widespread retail participation and hope of a vaccine-triggered recovery are still favourable. Even the fear of inflation is subsiding as indicated by the decline in US 10-year yield to 1.56 % and the weakness in the US dollar index. So the broad market construct is favourable. Q4 results continue to be good and many midcaps' results have beaten street expectations.

9:51 AM

Volatility Alert

>> India VIX eases 1% to 18.7 levels

9:49 AM

Most active stocks by volume

Company	PRICE(rs)	CHG(%)	VOLUME
Dish TV India	16.66	7.97	3375766
Vodafone Idea	8.58	0.47	2627106
HFCL	49.50	1.12	803590
B H E L	74.70	0.27	790985
Punjab Natl.Bank	39.40	0.13	692159

9:41 AM

MARKET CHECK :: Sensex erases gains, turns flat

9:39 AM

Burger King India trades in the green ahead of Q4 results

9:37 AM

Manappuram Finance surges 3% amid rally in gold prices

9:34 AM

Result reaction :: Bayer Cropscience trades flat

Bayer Crop Science, on Tuesday, reported doubling of its profit to Rs 61.9 crore for the March 2021 quarter. Its revenue from operations during the quarter under review jumped 59.95 per cent YoY to Rs 733.7 crore.

9:32 AM

Ramco System slumps over 5% despite healthy Q4 results

Ramco Systems reported a net profit of Rs 7.36 crore in Q4FY21 against net loss of Rs 5.85 crore during the year-ago quarter. Sales grow 12.79 per cent YoY at Rs 149.86 crore.

9:31 AM

CCI approves Motherson Sumi's re-organisation plan; stock up 2%

The Competition Commission of India, on Tuesday, gave approval to a proposal pertaining to intra-group reorganisation of the Motherson Group

9:29 AM

PNB Housing Finance adds 1%

Punjab National Bank and PNB Housing Finance have entered into a fresh brand agreement, which gives PNB the right to withdraw its brand name from the mortgage lender.

9:28 AM

HDFC gains half a per cent on fund raising plan

HDFC Ltd on Tuesday said it will raise up to Rs 7,000 crore by issuing bonds on private placement basis. It will offer coupon rate of 6 per cent per annum on the bonds, the issue for which opens on May 28, 2021. The issue will close on the same day.

9:27 AM

Thermax rises 7% on 3x growth in Q4 PAT

Thermax said its consolidated net profit jumped nearly three-fold to Rs 107.35 crore for the March quarter, mainly on the back of higher revenues. Total income rose to Rs 1,610.34 crore in the quarter from Rs 1,353.66 crore earlier.

9:26 AM

Godawari Power zooms 7% on multifold jump in Q4 profit

Godawari Power and Ispat Ltd, on Tuesday, posted a multifold jump in consolidated net profit at Rs 304.01 crore for the March quarter 2020-21, mainly on the back of higher revenues, from Rs 34.22 in the year-ago quarter. Total income rose to Rs 1,263.67 crore in the quarter.