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

9:42 AM

Kitex Garments up nearly 2% after signing MoU with Telangana government to invest Rs 2,406 crore in the state

9:34 AM

Yes Bank up after announcing a partnership with Visa for credit card issuances

9:32 AM

SBI Card falls over 4% as Carlyle Group is looking to divest 3.4 per cent stake through a block trade

>> According to a term sheet reviewed by Business Standard , CA Rover Holdings, a subsidiary of Carlyle, has put on the block 32 million shares in the price band of Rs 1,021–Rs 1,072.3 per share

 

9:28 AM

Sector Watch :: Top gainers include Nifty IT, Media, but Nifty Metal, Auto fell in early trade

9:24 AM

Broader markets open negative; Nifty Midcap 100 down 0.26%

9:22 AM

Sensex Heatmap :: Top gainers & losers at opening trade

>> TOP GAINERS: HCL Tech, Tech Mahindra, TCS

 

>> TOP LOSERS: Nestle, Maruti Suzuki, UltraTech Cement
 

9:20 AM

FIRST TRADE :: Nifty50 opens in green; up 0.3% at 17,450

9:18 AM

OPENING BELL :: Sensex opens up 138 points

9:11 AM

Commodity Check

9:08 AM

Sensex Heatmap :: Top gainers & losers in pre-open trade

9:07 AM

Nifty50 cautious in pre-open; trades up 0.4% at 17,460

9:03 AM

Pre-open session :: Sensex trades down just under 10 points

8:56 AM

Osho Krishan of Anand Rathi recommends buying Tata Motors DVR, Birlasoft

BUY TATAMTRDVR LTD | TARGET: Rs 160 | STOP LOSS: Rs 137

 

TATAMTRDVR has re-tested the breakout zone and has seen an early sign of reversal in the last trading session. On the daily chart, the stock has been able to sustain above all its exponential moving averages and is even hovering above the mean of the Bollinger band (20, 2) indicating inherent strength in the counter. The stock has formed a strong base around the zone of Rs 135-137 and sustenance above the same could be seen as a positive sign for the counter in the coming future. READ MORE 

8:53 AM

Stocks to watch: SBI Card, Adani Ports, Cadila Healthcare, HCL Tech, AU SFB

SBI Card: Private equity firm Carlyle Group will divest 3.4 per cent stake in SBI Cards and Payment Services on Tuesday through a block trade. According to a term sheet reviewed by Business Standard , CA Rover Holdings, a subsidiary of Carlyle, has put on the block 32 million shares in the price band of Rs 1,021–Rs 1,072.3 per share.

 

State Bank of India (SBI): India’s largest PSU bank said that it will support Tata group’s bid for soon-to-be-privatised Air India by subscribing to Tata Sons debentures or some other alternative. READ MORE

8:50 AM

Market Ahead Podcast, Sep 21: Top factors that could guide markets today

A global rout wiped off Rs 3.5 trillion in investor wealth on Dalal Street on Monday. The S&P BSE Sensex dropped 525 points to 58,491 levels while the Nifty50 fell 188 points to 17,397 as investors turned cautious ahead of a series of central banks’ meetings. The US Federal Reserve's policy meeting will be one of the widely tracked meetings today, to gauge if the central bank will lay the groundwork for a tapering. Listen to the podcast here