Sensex ends 549 pts down at 49,035; HCL Tech declines 4%; Tata Motors up 7%

Stock market updates: India VIX ticked up 5 per cent

3:04 PM

New rules for H-1B visa mild negative for Indian IT services: ICRA

The proposed changes in H-1B application selection process by US Citizenship and Immigration Services (USCIS) are prospective in nature but will have a minor adverse impact on the margins of Indian IT services companies, investment information agency ICRA has said.

 

The H-1B application selection process will be based on wage levels compared to an earlier selection method based on lottery. Under the new rule, the USCIS will select applications offering the highest wages proffered vis-a-vis selected occupation level or position to attract the highest skilled labour. READ MORE

2:55 PM

SECTOR WATCH :: Barring BSE Telecom, all sectors in the red

- BSE Telecom index trades 3 per cent higher
- Bharti Airtel, Voda Idea top contributors & gainers

2:50 PM

These stocks defy market mood, rally up to 20%

2:48 PM

Share sales gather pace as mkt turns buoyant, valuations hit lifetime highs

Equity share sales are gathering pace underpinned by buoyancy in the secondary market with valuations hovering around lifetime highs. On Thursday, Indigo Paints, which is among India’s top five paint companies, announced its Rs 1,170-crore initial public offering (IPO). READ MORE

2:38 PM

PVR gains 2% on better-than-expected Q3 nos

2:36 PM

Gail dips 7% from day's high as board approves buyback, interim dividend

The board also declared an interim dividend of Rs 2.50 per share or 25 per cent for the financial year 2020-21 (FY21). The company said it has fixed January 28, 2021 as the record date for the purpose of determining the eligibility of shareholders for buyback of equity shares well as for payment of interim dividend. READ MORE

2:27 PM

HDFC, RIL, Infosys drag Sensex

2:26 PM

Tata Motors rallies for 11th day straight, hits 28-month high; here's why

Shares of Tata Motors extended their winning run to the 11th straight day on Friday after the stock rose 7 per cent to hit a 28-month high of Rs 261.50 on the BSE in an otherwise weak market. The stock was trading at its highest level since September 2018. The stock, however, pared gains later, and was ruling 5 per cent higher on the BSE after it clarified that the company had no plans to form partnership with US-based Tesla for electric mobility. READ MORE

2:19 PM

ALERT :: Sensex plunges 700 pts

2:19 PM

MARKET UPDATE:: Sensex plunges 700 points, gives up 49k

2:15 PM

Dec Quarter Result :: PVR posts net loss of Rs 49 crore

>> Consolidated revenue at Rs 45 crore

2:04 PM

V-Guard approves acquisition of minority stake in Gegadyne Energy Labs

V-Guard Industries said its Board has approved the acquisition of a minority stake, 18.77%, in Gegadyne Energy Labs for a cash consideration of Rs 33.4 crore.

1:55 PM

NEWS ALERT :: GAIL board approves buyback worth Rs 1,046 crore

>> Board apprives buyback of not exceeding 6,97,56,641 fully paid-up equity shares of face value of Rs. 10 each (representing 1.55 % of the total number of fully paid-up equity shares) at a price of Rs 150 per equity share payable in cash for an aggregate consideration not exceeding Rs 1,046.35 crores (representing 2.50% and 2.26 % of the aggregate of the fully paid-up equity share capital and free reserves)

1:44 PM

In Fast Lane :: Tata Motors rises for 11th day in a row, up 7%

1:41 PM

OFF LOWS :: BSE Auto index wipes out losses, ekes out marginal gains