Sensex ends 446 pts higher, Nifty tops 17,800; RIL hits record high, up 2%

Stock market LIVE: On the sectoral front, barring Nifty Realty, Pharma, PSU Bank, all indices trade in the green

9:05 AM

Pre-open Session :: Sensex gains over 80 points

8:52 AM

Sebi proposes sweeping changes to HNI allotment process for IPOs

The Securities and Exchange Board of India (Sebi) has mulled a new approach for price discovery and share allotment process for so-called high networth individuals (HNIs) in an initial public offering (IPO).

 

In a consultation paper issued on Monday, the regulator has proposed a category within category for high-networth individuals (HNI) to safeguard the interest of those that submit relatively low-ticket bids. A minimum five per cent price band---difference between lower and upper end has also been proposed. READ MORE

 

8:49 AM

Decoded: Of 'Pandora Papers', insider trading and Biocon link

The name of Allegro Capital, an entity the Securities and Exchange Board of India (Sebi) investigated for insi­der trading, has turned up in the ‘Pandora Papers’ — a global investigation of offshore entities. Its director Kunal Ashok Kashyap, according to the report published in The Indian Express, is also associated with Deanstone Trust — set up through another entity owned by John McCallum Marshall Shaw, husband of Kiran Majumdar-Shaw, the executive chairperson of Biocon. READ MORE

 

8:44 AM

Here's why Osho Krishan is bullish on Inox Wind, Just Dial and Manappuram

BUY MANAPPURAM | TARGET: Rs 210 | STOP LOSS: Rs 165

 

MANAPPURAM has witnessed a breakout in the month of July but failed to witness a follow-up buying. However, in recent times, the stock has consolidated near its 200-DEMA and bounced back to the breakout zone with addition in the trading volumes suggesting strong potential in the counter.

 

Also at this juncture, the stock has reversed from the ICHIMOKU cloud support on the weekly scale affirming a strong resurgence in the counter and the placement is at lucrative levels for higher returns. READ MORE

8:41 AM

FIIs, DIIs were net buyers on Monday

8:39 AM

Bulk deals on BSE as on Monday

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8:37 AM

Bulk deals on NSE as on Monday

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8:36 AM

SGX Nifty signals negative start for Indian indices

>> At 08:30 am, the index was at 17,607, down 103.5 points

8:33 AM

Rupee falls 19 paise to close at 74.31 against US dollar

The rupee tumbled 19 paise to close at 74.31 against the US dollar on Monday as a stronger greenback against key rivals and rising crude oil prices weighed on investor sentiment. At the interbank foreign exchange market, the local currency opened at 74.16 and witnessed an intra-day high of 74.13 and a low of 74.41 against the US dollar in day trade. The local unit finally settled at 74.31 a dollar, down 19 paise over its previous close. On Friday, the rupee had settled at 74.12 against the US dollar.

 

Source: PTI

8:32 AM

Oil prices edge lower in wake of jump on OPEC+ supply restraint

Oil prices eased on Tuesday after climbing to their highest levels in years in the previous session on the decision by OPEC and allied major oil producers to maintain restraint on supply. Brent crude was down by 3 cents at $81.83 a barrel by 0054 GMT, having risen 2.5 per cent on Monday. U.S. West Texas Intermediate (WTI) oil dropped 10 cents to $77.52, after gaining 2.3 per cent the previous session.

 

Source: Reuters

 

8:29 AM

Asian markets fall following Wall Street losses

Shares in Asia-Pacific fell in Tuesday morning trade following overnight losses on Wall Street. In Japan, the Nikkei 225 dropped 3.21 per cent, as shares of Fast Retailing fell 6.87 per cent. The Topix index also declined 2.05 per cent. The Tuesday declines left the Nikkei in correction territory, more than 10 per cent off its mid-September high.

 

South Korea’s Kospi shed 2.16 per cent. The Hang Seng index in Hong Kong dropped 0.7 per cent. Shares in Australia also slipped, with the S&P/ASX 200 down 0.86 per cent. The Reserve Bank of Australia is set to announce its interest rate decision at around 11:30 a.m. HK/SIN on Tuesday. MSCI's broadest index of Asia-Pacific shares outside Japan traded 0.95 per cent lower. Markets in mainland China remain closed on Tuesday for the holidays.

 

Source: CNBC

 

8:29 AM

US markets end sharply lower on Monday

Wall Street ended sharply lower on Monday as investors dumped Big Tech and other growth stocks in the face of rising Treasury yields, while concerns about a potential U.S. government debt default also fed caution. 

 

The S&P 500 and Nasdaq's closes were their lowest since July. The S&P 500 has now fallen about 5% from its record high close on Sept. 2. However, over half of S&P 500 stocks have declined 10 per cent or more from their 52-week highs, including 71 stocks down more than 20 per cent.

 

The Dow Jones Industrial Average fell 0.94 per cent to end at 34,002.92 points, while the S&P 500 lost 1.30 per cent to 4,300.46. The Nasdaq Composite dropped 2.14 per cent to 14,255.49.

 

Source: Reuters

8:27 AM

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