Sensex rises for 3rd day, up 29 points; Nifty Auto, Realty gain 3% each

The benchmark indices managed to eke out gains, amid buying in index heavyweight RIL, bank and auto stocks

1:11 PM

RIL hits record high; market cap crosses Rs 17 trillion

1:00 PM

IndusInd Bank partners with Vistara to launch a co-branded credit card

>> The card offers a host of travel and lifestyle led privileges including complimentary access to over 600 airport lounges across the globe, Zero foreign currency mark-up, milestone rewards as well as dining and entertainment related benefits

12:40 PM

Sensex heatmap :: Top gainers & losers at this hour

12:28 PM

Sector watch :: Nifty Realty up nearly 3% led by Phoenix Mills, DLF, Oberoi Realty

12:05 PM

Maruti, Bajaj Auto: 5 auto stocks that can rally up to 9% from here

NIFTY AUTO INDEX Likely target: 10,800 and 11,000 Upside potential: 2% to 4% The breakout of “Inverse Head and Shoulder” can be easily seen on the daily chart. This exhibits a rally in the direction of 10,800 and 11,000 levels. READ MORE

11:50 AM

Volatility Alert :: India VIX spikes over 4% to 17.70

11:38 AM

Patel Engineering bags new order worth Rs 1,251 cr for Teesta-VI hydroelectric project

>> The project is located at South Sikkim District in Sikkim, India

11:30 AM

CCI levies Rs 752-cr penalty on United Breweries; stock declines 4%

CCI found that the company was engaged in price co-ordination in contravention of the provisions of Sections 3(3) (a) & (b) of the Competition Act, 2002 in certain states & indulging in cartelization

11:12 AM

Most active stocks on BSE so far

Tata Motors, Vodafone Idea, Zee Entertaiment, IRCTC and Maruti Suzuki are the top traded on stocks on the BSE by trunover in intraday trades so far on Monday.

10:53 AM

KPR Mill rallies post stock split, gains 20% in 2 trading sessions

Shares of KPR Mill hit a fresh all-time high at Rs 503.60, on rallying 9 per cent on the BSE in intra-day trade on Monday. The stock of the company engaged in textiles and sugar segments has surged 20 per cent after it turned ex-stock split for 1:5 on Friday. READ MORE

10:41 AM

ALERT :: NBCC India bags work order worth Rs 968.50 crore

>> The work order is for construction of 2000 social housing at Hulhumale, Maldives on EPC basis

10:20 AM

Nifty IT top sectoral loser; down 2% led by L&T Infotech, Mindtree

10:05 AM

PVR, Inox hit 52-week high as theatres to reopen in Maharashtra from Oct 22

Shares of multiplex operators PVR and Inox Leisure hit their respective 52-week highs and rallied up to 18 per cent on the BSE in intra-day trade on Monday after the Maharashtra government announced the opening of cinema halls and multiplexes in the state from October 22. READ MORE

 

9:54 AM

MARKET VIEW :: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

The relentless Bull Run which began in April 2020 has taken the Sensex beyond 60000 and is now poised to push Nifty to 18000 level today. The incredible return of above 130 % from the lows of March 2020 and above 60 % for the last 12 months has created phenomenal wealth for all kinds of investors -FIIs, DIIs and retail. After 60000 for Sensex and18000 for Nifty, markets may consolidate for a while. After massive selling in July (Rs11308 cr) and tepid buying in August (Rs 2083 cr) FIIs have turned aggressive buyers in September with  a buy figure of Rs 13536 cr up to 27th September. This change in strategy of FIIs is likely to impart resilience to the market. On the macro front, rising tax collections and progressive reopening in economically significant states like Maharashtra are positives while brent crude at $ 79 is a clear negative. 

9:42 AM

Biocon falls as US FDA issues 6 observation at Malaysian subsidiary

>> Biotechnology major Biocon on Saturday said the US health regulator has issued six observations after the inspection of the manufacturing facility of its Malaysian subsidiary Biocon Sdn Bhd.