Indices snap 10-day winning streak; Sensex tanks 264 pts; ITC, RIL drop 3%

In the broader market, the S&P BSE MidCap index ended the day in the green, up 0.4 per cent at 18,749 level.

1:11 PM

SBI Mutual Fund widens lead as top asset manager in December quarter

SBI Mutual Fund has retained the top spot with average assets under management (AAUM) of Rs 4.6 trillion, and also widened the lead with HDFC MF, which came in the second position with assets of Rs 3.9 trillion, according to the December quarter data from the Association of Mutual Funds in India. ICICI MF (Rs 3.9 trillion), Aditya Birla Sun Life MF (Rs 2.5 trillion), and Kotak Mutual Fund (Rs 2.2 trillion) make up the remaining three in the top five. READ MORE

1:01 PM

Nifty Media lead sectoral gainer on NSE, rises over 1.50%

12:47 PM

Vedanta, Hindustan Zinc rally up to 10%, scale 52-week highs

Shares of Vedanta and Hindustan Zinc rallied up to 10 per cent on the BSE on Wednesday in an otherwise subdued market. Hindustan Zinc soared 10 per cent to Rs 278.75, on the back of two-fold jump in trading volumes, while Vedanta share rose 6 per cent to Rs 179 on the BSE. In comparison, the S&P BSE Sensex was down 0.24 per cent at 48,326 points. Vedanta, the promoter, holds 64.92 per cent stake in Hindustan Zinc. READ MORE

 

12:32 PM

Reliance Industries at day's low, down 2 per cent

12:25 PM

Market Stats

• Advance-decline ratio at nearly 2:1
• 435 stocks hit 52-week highs; 29 at 52-week lows
• 433 stocks scale upper circuits; 131 hit lower circuits 

12:19 PM

Budget wishlist: Broking community seeks time limit on Sebi proceedings

The broking community has requested the central government to impose a time limit on markets regulator Securities and Exchange Board of India (Sebi) regarding initiation of proceedings and show-cause notices. The request was part of the Association of National Exchanges Members of India’s (ANMI’s) Union Budget wish list. READ MORE

12:11 PM

MARKET CHECK :: Sensex at day's low

12:04 PM

Inox Leisure, PVR extends gain as TN state allows 100% capacity in cinemas

Among individual stocks, Inox Leisure rallied 8 per cent to Rs 341, while PVR was up 3 per cent at Rs 1,459 on the BSE. In comparison, the S&P BSE Sensex was up marginally by 0.04 per cent at 48,455 points. These stocks were trading higher for the fifth straight trading day, gaining 21 per cent and 13 per cent, respectively, during the period. READ MORE

11:53 AM

ONGC, Asian Paints: Bull sentiment intact in oil-linked stocks, charts show

Bharat Petroleum Corporation Ltd (BPCL): The state-owned oil marketing company needs to decisively conquer the trendline resistance of Rs 400 levels to scale up to Rs 425 and Rs 440 levels, as per the daily chart. The trend looks promising at current levels with the support of Rs 380-mark. The Moving Average Convergence Divergence (MACD) has crossed the zero line, suggesting that the trend in the stock remains positive with momentum staying in the favour of the bulls. READ MORE

11:43 AM

Bitcoin tops $35,000, hits fresh record high

Bitcoin jumped to another all-time high on Wednesday, just two days after registering its biggest one-day decline since March. The world’s largest cryptocurrency advanced as much as 6% to $35,842, surpassing the previous high of $34,792 set on Jan. 3. It plunged as much as 17% on Monday. The digital coin quadrupled in 2020. (Source: Bloomberg)

11:31 AM

MARKET WATCH | Nifty FMCG worst sectoral performer, falls over 0.50%

11:15 AM

SBI Card shares surge 5% on heavy volumes, hit fresh record high

Shares of SBI Cards and Payment Services (SBI Card) rose 5 per cent to hit a new high of Rs 957.45 on the BSE on Wednesday on the back of heavy volumes. The stock surpassed its previous high of Rs 918.60, scaled on October 15, 2020. The trading volumes on the counter jumped 1.5 times. A combined 1.95 million equity shares had changed hands on the NSE and BSE, till 10:34 am. SBI Card shares were trading higher for the 11th straight session. READ MORE

10:59 AM

Bajaj Finance: Q3 show suggests strong comeback, company remains cautious

Initial numbers for the December quarter (Q3) posted by Bajaj Finance turned out to be encouraging.

 

New customer addition at 2.2 million, about 80 per cent jump sequentially, and new loan accounts added at 6 million, growth of 84 per cent sequentially, auger well for the country’s largest consumer financier. READ MORE

10:45 AM

NEWS ALERT :: Bharti Airtel moves Supreme Court, seeks lowering of AGR dues

>> Bharti Airtel claims that total AGR dues payable on account of license fee is limited to Rs 21,000 cr 

>> Co likely to argue that demand raised by DoT of Rs 43,989 cr includes License Fee dues & Spectrum Usage Charges. 

Alert: DoT has slapped demand of Rs 43,989 cr. Bharti Airtel has paid Rs 18,004 cr as AGR dues

(Source: CNBC TV18)

10:43 AM

BUZZING STOCK:: Mphasis surges 5%