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.

10:39 AM

NEWS FLASH :: IHS Markit India Dec Services PMI at 52.3 vs 53.7 in Nov

-- IHS Markit India Dec Composite PMI 54.9 vs 56.3 in Nov

10:37 AM

NEWS ALERT :: SpiceJet introduces 21 new domestic & international flights

·         First and only airline to operate direct flights between Jharsuguda and key metros of Mumbai & Bengaluru

 

·         Introduces new flights connecting Mumbai with Porbandar, Bengaluru with Belagavi and Kolkata with Kochi

 

·         Launches two daily direct flights between Hyderabad & Vijayawada

 

·         New flights effective 12th Jan, 2021

10:26 AM

Avenue Supermarts m-cap crosses Rs 2 trillion; stock zooms 49% in 3 months

Shares of Avenue Supermarts, which runs the D-Mart chain of stores, were trading higher for the sixth straight day, up 3.3 per cent at Rs 3,094.95 on the BSE on Wednesday. The stock was quoting at its all-time high level and has rallied 16 per cent in the past six sessions. Following the rise in stock prices, Avenue Supermarts' market capitalisation crossed the Rs 2 trillion mark in intra-day trade today. READ MORE

10:15 AM

Rupee Opening

Rupee opens flat at 73.17 per US dollar vs Tuesday's close of 73.18/$

10:09 AM

NEWS ALERT | Tanla Platforms to launch digital CPaaS platform with global scale on Jan 20

-- US Patent & Trademark Office approves three patents
 

10:02 AM

NEWS FLASH :: Bitcoin extends rally to exceed all-time high of $34,792

9:59 AM

Titan gains 3%, hits new high post December quarter business update

Shares of Titan Company hit a new high of Rs 1,621, up 3 per cent, on the BSE on Wednesday after the company said its jewellery division has crossed the recovery phase to growth phase and other two large divisions have also moved much closer to the full recovery. The company’s jewellery business reported a healthy 15 per cent year on year growth in sales during the October-December quarter (Q3FY21), due to festive season along with pent-up demand for wedding jewellery. READ MORE

9:58 AM

BEML rises nearly 2% on order win

>> The firm has received orders from the Ministry of Defence for supply of High Mobility vehicles, at an approximate value of Rs 758 crore. These High Mobility vehicles would play a key role in the logistics management of the Indian Army.

9:51 AM

BSE Telecom best sectoral performer, jumps nearly 2%

9:45 AM

Jubilant FoodWorks advances over 2%

>> As per reports, foreign brokerage JP Morgan has raised target price on the stock to Rs 3,030

9:35 AM

Godrej Consumer Products dips 1%

9:33 AM

BUZZING :: NRB Bearing hits 52-week high

9:32 AM

CSB Bank up over 1%

>> Private sector lender CSB Bank on Tuesday said SBI Mutual Fund has increased its stake in the bank to over 5 per cent. According to a regulatory filing by CSB Bank, the stake of the fund house rose from 4.96 per cent to 5.01 per cent following the acquisition of an additional 86,993 shares.

9:31 AM

IndiGo gains in trade as DGCI approves P&W engines

>> IndiGo will now be able to operate longer overseas routes with its 29 Airbus A320/A321neos, powered by modified P&W engines, getting extended diversion time operations (EDTO) approval from aviation regulator DGCA, according to a report by PTI.

9:29 AM

Q3 Biz Update :: Titan reports 15% growth in jewellery segment

Jewellery
>> The growth trend was visible even after the festive season ended and the division has recorded close to 15% growth

>> The studded mix in 03 improved though still lower than levels seen in the previous year.

Watches and wearables
>> The division had a recovery rate of around 88% in Q3, compared to the revenue of the same quarter in last year. The E-commerce channel is leading the recovery with very strong absolute growth of over 30%.