Sensex, Nifty end flat; Adani Ports gains 4%, Bajaj Finserv declines 3%

The Nifty IT index put up a strong show with a 0.7 per cent gain while the Nifty Realty index slipped 0.8 per cent.

2:23 PM

Covid unlock :: Nitish Kumar eases restrictions in Bihar

2:13 PM

PSU Banks' review :: FM Nirmala Sitharaman says

>> Asked banks to support 'one district, one product' plan

 

>> Amalgamation process of banks has not suffered despite pandemic

 

2:11 PM

NEWS ALERT :: FM conducts annual review of PSU Banks

FM says:

 

>> Requested PSU banks to address need of exporters

 

>> Sunrise, fintech sectors require support from banks

 

>> Collectively, PSU Banks have performed well

 

>> Worst over for PSU Banks

>> Have requested banks to come up with a special plan for the North East

>> Banks have expressed concerns about CASA deposits piling up in eastern areas

 

2:04 PM

Cabinet Decision :: FRP for sugarcane increased to Rs 290 per quintal

>> Fair & remunerative price (FRP) for sugarcane increased to Rs 290 per quintal.

>> If recovery is less than 9.5%, farmers will be given Rs 275 per quintal

1:52 PM

HAL surges 17% in 5 days after it signs $716-mn deal with GE Aviation

Shares of Hindustan Aeronautics (HAL) hit a 52-week high of Rs 1,245.90 after they surged 7 per cent on the BSE in the intra-day trade on Wednesday. The stock of the state-owned company surpassed its previous high of Rs 1,214.95, touched on August 25, 2020. It had hit a record high of Rs 1,424 on August 14, 2020. HAL is a public sector enterprise, engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including aircraft helicopters, aero-engines, avionics accessories and aerospace structures. READ MORE

 

1:41 PM

ALERT :: Kaveri Seed okays share buyback at price not exceeding Rs 850

>> Kaveri Seed Company Limited at its meeting held today has approved the buyback issue of the Company through Stock Exchange Mechanism

1:24 PM

Tata Sons' operational revenue falls 62% to Rs 9,460.24 cr in FY21

The operational revenue of Tata Sons Pvt Ltd, the holding company of the Tata group, fell by 62 per cent to Rs 9,460.24 crore in FY21 as against Rs 24,770.46 crore reported in the previous year. The operational revenue comprises dividend income from subsidiaries and it was far higher in FY20 due to special dividend received from its profit generating subsidiary, TCS. READ MORE

1:12 PM

Global investors wary about India, intrigued by retail buying: UBS

They are also questioning the near-term sustainability of the bets being taken by the retail investors, it said in a report, adding that the net outflows by foreign institutional investors (FIIs) are indicative of the same views.

 

It said in the ongoing September quarter, FIIs have so far pulled out USD 1.1 billion on a net basis as against inflows of USD 0.8 billion and USD 7.3 billion in the preceding two quarters. READ MORE

12:59 PM

European stocks inch higher ahead of German business sentiment data

>> European stocks edged higher on Wednesday, with travel stocks rising for a fourth day, while markets globally were range-bound ahead of a policy update from the U.S. Federal Reserve later this week. The pan-European STOXX 600 index rose 0.1% at 0717 GMT after a record close on Wall Street. The European benchmark itself was just less than a percent away from its peak. Travel and leisure stocks gained 0.7% to hit their highest level in over a week.

Source: Reuters

12:54 PM

NEWS ALERT

Expect RBI to soon send digital currency policy draft to FinMin for examination, says govt official

(Source: TV News, Agencies)

12:38 PM

India's liquidity-driven stock market rally to dry out next year

India's liquidity-driven stock market rally is expected to cool next year as global and domestic monetary policy starts to tighten, according to a Reuters poll of analysts who expect corporate earnings to rise further. Despite slumps during two damaging waves of the COVID-19 pandemic, the benchmark BSE Sensex Index has surged nearly 120% from a record low of 25,638.9 hit in late March last year, when the country's first lockdown started. READ MORE

 

12:24 PM

Britannia, Bombay Dyeing: Can Jeh Wadia's exit drag stocks of group cos?

Shares of Bombay Burmah Trading Corporation and Britannia Industries, the listed companies of Wadia group, were seen trading higher by 3 per cent and 2 per cent, respectively even as Jehangir Wadia quit from the boards of directors. Jehangir, 48, in March resigned as managing director of his family-controlled airline of Go Airlines (rebranded as Go First). READ MORE

12:14 PM

ALERT :: Allied Digital bags Rs 640 crore contract

>> Allied Digital Services Limited has won a six year contract valued at USD 88 million (INR 650 Crores) pure services business to transform IT operating model and infrastructure landscape across workplace management, for a global automotive giant.

12:05 PM

MARKET WATCH :: Profit-booking deepens in large-caps; Sensex up 90 pts

12:04 PM

Bajaj Finserv reverses gains, drops over 2%