HDFC twins, RIL drive Sensex 834 pts up; Nifty tops 14,500; midcaps outrun

Stock market LIVE updates: India VIX cools off 6%

11:36 AM

MARKET STATS :: Advance-decline ratio at nearly 3:1 on the BSE

11:21 AM

L&T Finance Holdings' rights issue to open on Feb 1; stock surges 7%

Shares of L&T Finance Holdings were up 7 per cent at Rs 106 on the BSE on Tuesday. The company has fixed January 22, 2021 as record date, for its proposed Rs 3,000-crore rights issue, to determine the equity shareholders entitled to receive the rights entitlement in the rights issue. The stock will turn ex-date for rights issue on Thursday, January 21. READ MORE

11:16 AM

How emerging uptick in commodity prices spells good news for Indian firms

A commodity super-cycle is developing across the globe. Usually, such an uptrend in prices of commodities has meant bad news for India through inflation and a stress on the balance of payments and consequent downward pressure on the rupee. But this time India seems poised to benefit from the upturn. READ MORE

11:03 AM

MARKET CHECK :: Grasim, Tata Motors top gainers on Nifty50 at this hour

10:54 AM

Stocks that lifted Sensex to day's high

10:47 AM

Ultra long bonds are back in force as rock-bottom rates create sweet spot

After Germany's state of North Rhine Westphalia (NRW) raised 2 billion euros on Jan. 5 via a 100-year issue, France said on Monday it would soon sell a 50-year bond, its first new debt at that maturity since 2016.

 

A brisk start that has also seen Mexico and Indonesia sell 50-year bonds could mean issuance volumes approach levels seen in 2016, when euro zone governments sold a record 19 billion euros of bonds with maturities of 30 years and over. READ MORE

10:37 AM

Nifty Realty index surges 5%; Indiabulls Real Estate, DLF rally up to 13%

Among individual stocks, DLF hit a 52-week high of Rs 296 after rallying 7 per cent in intra-day trade on the NSE. In the past one month, the stock has surged 27 per cent, against 4 per cent rise in the Nifty50 index. Godrej Properties, Prestige Estate Projects, Sobha, Oberoi Realty and Brigade Enterprises were up in the range of 3 per cent to 4 per cent. READ MORE

10:27 AM

Mindtree gains 6% on healthy Q3 results; here's what brokerages say

Mindtree’s revenues during the quarter increased by 5.1 per cent QoQ and 3.1 per cent YoY to Rs 2,034 crore. Sequentially, the company’s revenues were up 5 per cent in dollar terms, while in constant currency terms it was up 4.6 per cent. Ebit (earnings before interest tax) margin expanded by 290 basis points (bps) QoQ and 750 bps YoY to 19.6 per cent. READ MORE

10:19 AM

Dec Quarter Result :: CSB Bank's PAT surges 88.5% YoY to Rs 53 crore

>> GNPAs decline from 3.04% to 1.77% QoQ

>> NNPAs slip from 1.3% to 0.68% QoQ

>> NII improves from Rs 155.2 crore to Rs 251.2 crore YoY

10:13 AM

Budget wish list :: LTCG exemption, clarity on dividend taxation

Industry players are hopeful that the government will exempt tax on long-term capital gains (LTCG) arising on sale of listed equity shares. The government could also streamline the holding period for granting such exemption to 24 months, bringing the same at a par with unlisted shares.

 

“Abolishing the much-criticised LTCG tax would be a welcome move. A widely discussed point of note is redefining the concept of long term to two years and the change of taxation to zero. This can bring stability to the duration of investments across financial assets,” said Tejas Khoday, co-founder and CEO, FYERS. READ MORE

10:02 AM

Rupee Opening

Rupee opens higher at 73.16 per US dollar vs Monday's close of 73.28/$

9:55 AM

ALERT :: India VIX cools-off around 3%

>> The index is now trading at 23.73 levels.

9:49 AM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(%)
VODAFONE IDEA	13.28	2.15
TRIDENT	15.28	2.41
SUZLON ENERGY	6.90	-1.29
TATA MOTORS	252.85	2.93
ALOK INDUSTRIES	22.70	-4.02

9:46 AM

Reliance Industries back above Rs 2,000 apiece-mark

9:42 AM

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

The major positive development for markets today is the Treasury Secretary-elect Janet Yellen's comment on the need for 'big stimulus'. Further big stimulus along with the huge liquidity created by the unprecedented monetary stimulus can keep markets buoyant; but there is a risk of bubble valuations with its vulnerability to sharp corrections, even crashes. Meanwhile, midcaps have turned weak and strong large-caps like HDFC bank  & RIL have become strong. High delivery based buying in these stocks indicate their improving prospects.