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

1:31 PM

Strong deal pipeline, auto sector recovery positive for Tata Elxsi

The Tata Elxsi stock has gained 20 per cent over the last couple of trading sessions, thanks to better-than-expected December quarter results, its strong deal pipeline, as well as recovery in the engineering, research and development (ERD) segment. Led by the embedded product design segment, which accounts for over 88 per cent of its revenues, the company reported 13 per cent growth in revenues as compared to the year-ago period. READ MORE

1:22 PM

Bond yields rise in absence of OMO announcement

India’s benchmark bond yield rose on Friday to a three-week high as a lack of an open market operation announcement disappointed investors ahead of a debt sale and variable rate reverse repo auction later in the day. India’s benchmark bond yield rose on Friday to a three-week high as a lack of an open market operation announcement disappointed investors ahead of a debt sale and variable rate reverse repo auction later in the day. (Source: Reuters)

1:12 PM

Majesco shares locked in 5% upper circuit for 16th straight session

Shares of Majesco were locked in upper circuit for the 16th straight trading day, up 5 per cent at Rs 26.05 on the BSE on Friday in an otherwise weak market. The stock has rallied 113 per cent from the level of Rs 12.20 after it adjusted to interim dividend of Rs 974 per share. Majesco had paid high dividend payout after the sale of US arm — which accounted for the bulk of its revenues and profits — to private equity firm Thoma Bravo last year. READ MORE

 

1:02 PM

HDFC Bank Q3 preview: NII may grow 17% YoY; slippages in retail, agri segment eyed

Private lender HDFC Bank will flag-off the December quarter earnings for large banks when it announces its Q3FY21 results on Saturday, January 16. Amid improving economic activity, analysts expect the lender to report higher-than-industry average loan growth, implying continued market share gains. However, net profit could come under pressure due to higher slippages and lower fee income growth. READ MORE

12:51 PM

BSE Midcap index falls over 0.5%; here are the top losers & gainers from the index

12:45 PM

Listen in :: Tips to ride market volatility & sectors to invest in ahead of Budget 2021

Market mavens have pinned hopes on the Budget after Finance Minister Nirmala Sitharaman said that the forthcoming Budget would be like "never before".

 

Having said that, volatility is creeping back into the markets. Indices are facing pressure at higher levels as valuations reach their pinnacle in recent times. The benchmark Nifty50 index's price-to-earnings multiple reached an all-time high of 40x on January 12. This is the first time in 25 years that a benchmark equity index in India is trading at a P/E multiple of 40x or higher. LISTEN TO THE PODCAST

12:35 PM

Stocks that hit 52-week high on BSE today in an otherwise feeble market

COMPANY	PRICE(rs)	52 WK HIGH	CHG(%)
ADANI PORTS	530.15	545.00	-1.20
AMARA RAJA BATT.	1005.55	1025.00	-0.81
APOLLO HOSPITALS	2588.10	2614.50	3.08
CADILA HEALTH.	497.95	509.35	-1.06
CROMPTON GR. CON	396.00	417.50	-0.58

12:25 PM

NEWS ALERT :: SMC, ABB India tie up to roll out 24/7 water supply scheme

Surat Municipal Corporation (SMC), the governing civic authority, has partnered with ABB India to further roll out next generation technology and support its vision of delivering continuous water supply across the city of Surat with the 24/7 Water Supply Scheme. These latest investments follow the success of the phase one digitalization upgrade of the entire water system which took place in 2018.

(Source: BSE filing)

12:21 PM

All sectors on NSE in the red; Nifty Pharma, Nifty Financial Services top losers

12:14 PM

SBI Cards, HCL Tech: 88 stocks from Nifty500 show strength amid volatility

After rising around 8 per cent in the month of December, the benchmark S&P BSE Sensex, the Nifty50, and the broader Nifty500 index are witnessing bouts of volatility in January amid Q3 results' announcements and anticipation of Union Budget 2021. The frontline Sensex index was trading nearly 500 points lower in Friday's noon deals amid sell-off in heavyweights like HCL Technologies, ICICI Bank, HDFC, Infosys, and Reliance Industries. READ MORE

12:09 PM

India VIX rises nearly 4% to 23.89

>> India VIX is a volatility indicator

12:01 PM

NEWS FLASH :: CEAT to supply tyres to Royal Enfield's Interceptor 650 cc motorcycle

Source: Cogencis

11:47 AM

Vodafone Idea hits 52-week high; stock zooms 69% in three months

Shares of Vodafone Idea hit a 52-week high of Rs 13.53, up 10 per cent, on the BSE in Friday's intra-day trade on the back of heavy volumes in an otherwise weak market. The telecom services provider's stock surpassed its previous high of Rs 13, touched on September 4, 2020. At 11:07 am, the stock was trading 7 per cent higher at Rs 13.13 on the BSE against a 0.7 per cent decline in the S&P BSE Sensex. A combined 733 million equity shares changed hands on the counter on the NSE and BSE, the exchange data shows. READ MORE

11:36 AM

Heatmap: Only two of the 30 S&P BSE Sensex constituents trade in green

11:36 AM

Sensex down over 450 points; HDFC twins, ICICI Bank among top drags