Sensex rises 514 pts, Nifty ends above 17,200; RIL, TCS top contributors

TCS, HUL, Titan Company, UltraTech Cement, and Bharti Airtel hit their respective record highs on the BSE today

3:21 PM

These 5 Sensex stocks hit new highs; TCS, HUL soar 20% in one month

The stock of HUL too hit a new high of Rs 2,808.85, up 3 per cent on the BSE. In the past one month, it has rallied 20 per cent on the expectation that the company will deliver sustained recovery in the discretionary portfolio and accelerate growth in the nutrition portfolio. READ MORE

3:11 PM

India's gasoline demand seen hitting record as Covid-19 curbs ease

Shunning trains, buses and planes, safety-conscious Indians are buying more cars and increasingly using personal vehicles to commute as they embark on 'revenge travel' - flocking to tourist destinations after months of restrictions, despite record high fuel prices.

 

Annual passenger vehicle sales in India rose by 45% to 264,442 units in July, driven by pent-up demand, according to data from the Society of Indian Automobile Manufacturers. READ MORE
 

2:58 PM

Sensex Heatmap at this hour

2:49 PM

Vijaya Diagnostic IPO subscribed 40% so far on Day 2

2:38 PM

WHO warns new Mu variant of Covid-19 could be more vaccine-resistant

Mu - also known by its scientific name as B.1.621 - was first identified in Colombia in January 2021, and since then, there have been "sporadic reports" of cases and some larger outbreaks in South America and Europe, the UN health agency said in its weekly bulletin on the pandemic on Tuesday. READ MORE

2:21 PM

Reliance Industries hits 11-month high; stock inches towards record high

The stock was trading at its highest level since October 2020 and is 3 per cent away from its record high level of Rs 2,369, touched on September 16, 2020. In the past one month, RIL has outperformed the market by gaining 11 per cent as compared to a 9 per cent rise in the S&P BSE Sensex. READ MORE

2:09 PM

ALERT :: Nifty tops 17,200

1:50 PM

Currency check

1:37 PM

Chemplast Sanmar rises for 6th day in row after weak debut, up 21% from low

The stock of the specialty chemicals firm was trading at its highest level since listing on August 24, 2021. It has rallied 21 per cent from its low of Rs 510.30 touched on the listing day. With continued upward movement, the stock is now trading 15 per cent higher against its issue price of Rs 541 per share. READ MORE

1:20 PM

Sensex extends gains, trades at day's high

1:14 PM

Walton Street Blacksoil fund gets commitments of Rs 360 cr for its new fund

The debt fund plans to invest the generated funds in self-liquidating senior secured debt instruments, with a target security cover of more than two times, focusing on middle-income residential real estate projects across key tier-I cities of Bangalore, Hyderabad, Chennai, Mumbai, Pune and Delhi/NCR. The debt fund is registered with the Securities and Exchange Board of India (SEBI) as a category II Alternative Investment Fund (AIF).

 

Recently, BlackSoil and the former India-based management team of US real  READ MORE

12:58 PM

Sebi may dilute certain clauses in controversial MF compensation circular

The Securities and Exchange Board of India (Sebi) could dilute certain clauses in the controversial compensation circular introduced for the mutual fund (MF) industry that required fund houses to invest a fifth of fund managers’ and other senior officials’ salaries in their own schemes.

 

Sources said Sebi and industry representatives have got into a huddle to ensure smooth implementation of the new norms ahead of the October 1 deadline. READ MORE

12:44 PM

Realty Check: Stocks from the real estate index can rally up to 25%

NIFTY REALTY INDEX

Likely target: 460 and 515

Upside potential: 11% to 25%
 

The Nifty Realty index could see a breakout rally towards 460 and 515 levels from a medium-term perspective, monthly charts suggest. This uptrend is well supported by Moving Average Convergence Divergence (MACD), which stands comfortably above the zero line. In addition, the Relative Strength Index (RSI), currently trading in the overbought category, is showing no signs of weakness. The immediate support comes at 380 and 360 levels. READ MORE

12:30 PM

HDFC Life rallies 5%, hits record high ahead of board meet for fund raising

The company’s management believes that life insurance in India is a structural long term growth opportunity given the under-penetration. "In addition, pandemic-induced awareness, shift in consumer behaviour and robust demographic trends indicate that we are well placed to capture these multi decade opportunities," the management had said in the financial year 2020-21 annual report. READ MORE

12:18 PM

Brace for production cuts, shipment delay due to chip shortage: Analysts

As a result, shortage of raw material, port congestion and unavailability of containers have lengthened lead times – the time taken between ordering a chip and its delivery, especially in countries that are a part of manufacturing supply chains, like Vietnam, South Korea and China in August. READ MORE