Sensex jumps 514 pts, ends above 59k; Nifty Realty up 4%, auto worst loser

Only 10 stocks from the Nifty basket closed in the red

2:29 PM

Volatility Alert :: India VIX falls over 4%

2:15 PM

Lincoln Pharma plans to launch Cephalosporin products soon

>> Company has acquired a facility in Mehsana, Gujarat
 

>> Company expects commercial operations from March 2022
 

>> The plant is expected to contribute sales of around Rs 150 crore in the next 3 years
 

>> The plant will cater to all the Cephalosporin products, including Tablet, Capsule, Dry syrup and Injectable

2:05 PM

U.S. Index Futures gain as stock selloff moderates

U.S. futures gained, suggesting some improvement in sentiment after concerns about fallout from China Evergrande Group’s debt woes roiled markets Monday. Dip-buyers in the last hour of trading Monday helped the S&P 500 pare some losses, though the index still posted the biggest drop since May. Futures on the S&P 500 rose 1%, while those on the Nasdaq 100 rose 0.9%. Futures on the Dow Jones Industrial Average rose 1.1%. 

 

Source: Bloomberg
 

1:55 PM

ALERT :: HAL defers decision on share split

1:49 PM

HCL Tech signs pact with Lendico to help the ING Germany Company brand build solutions for SMEs

>> HCL will establish a tech lab in Berlin that will combine fintech mindset, agile culture and customer focus with engineering expertise, global delivery capabilities, and deep domain knowledge of financial services and risk management
 

>> Lendico will be the first to leverage the lab to bring innovative approaches for processes, such as credit decisioning, loans collections and KYC

 

1:39 PM

GAUATAM ADANI AT JPM SUMMIT

>> Over 75% of Adani planned capital expenditure until 2025 is in green tech
 

>> Adani will triple its renewable power generation capcity from 21% to 63% in next 4 years 
 

>> By 2023, will be India's first company to power all its data centre with renewable energy

 

1:27 PM

ONGC surges 6%, hits 22-month high on improved outlook; Oil India up 7%

Shares of Oil and Natural Gas Corporation (ONGC) hit a 22-month high of Rs 135.80, surging 6 per cent on the BSE in Tuesday’s intra-day trade on improved outlook. The stock of the state-owned oil exploration and production company was trading at its highest level since November 2019. The stock of other state-owned oil exploration & production firm, Oil India, rallied 7 per cent to Rs 209.05 on the BSE. It had hit a 52-week high of Rs 214.75 on September 17, 2021. In comparison, the S&P BSE Sensex was up 0.18 per cent at 58,598 points at 12:57 pm. READ MORE

1:18 PM

Metal stocks recover in afternoon trade; Nifty Metal rises by 1.6%

1:00 PM

RPG Life Sciences hits record high, zooms 51% so far in September

Shares of RPG Life Sciences continued at their northward movement, hitting a fresh record high of Rs 751.80, up 8 per cent on the BSE in intra-day trade on Tuesday. So far in the month of September, the stock of the pharmaceutical company has zoomed 51 per cent on expectation of a promising outlook for the domestic formulation industry. READ MORE 

 

12:56 PM

L&T Hydrocarbon Engineering bags two "significant" orders in the Construction Services segment

>> The company classifies orders valued in the range of Rs 1,000 Cr to Rs 2,500 Cr as "significant"
 

>> The company has bagged one order from GAIL India and the other from Air Products Middle East Industrial Gases

12:45 PM

Broader markets continue to languish in mid-day trade; Nifty Smallcap 100 down over 1%

12:34 PM

HDFC launches festive offer with home loan at 6.7% rates

>> This Offer will be applicable to all new loan applications irrespective of the loan amount or employment category
 

>> This is a close ended scheme and will be valid till October 31

 

12:17 PM

Losing sheen! Don't lap up metal stocks yet, hint tech charts; here's why

Metal shares witnessed their biggest meltdown in recent times on Monday as a debt crisis at one of China’s biggest property developers, Evergrande, led to a global decline in industrial metals and ore prices. The BSE Metal index tumbled nearly 7 per cent in trade in the last session. READ MORE

12:06 PM

ALERT :: Tata Motors will increase commercial vehicle prices from 1st October 2021

>> The effective price hike, in the range of 2%, will be implemented basis the model and the variant of the vehicle

 

>> The continued rise in the cost of commodities, such as steel and precious metals, necessitates the company to pass on a part of it through increase in price of the products
 

11:56 AM

Should you subscribe to Paras Defense IPO despite weak financials?

The three-day initial public offer (IPO) by Paras Defense and Space Technologies kicked off on Tuesday and sailed through within minutes of opening. Despite a weak financial position and high valuations, investors lapped up the issue, banking on the future growth prospects of the company. The hefty grey market premium of Rs 195 per share or 114-118 per cent also added to the allure, especially for investors looking to make a quick buck. The IPO is priced at Rs 165-175 per share. READ MORE