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Wednesday, December 25, 2024 | 07:39 AM ISTEN Hindi

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Sensex up 873 pts at 53,823; Nifty near 16,150; BSE m-cap tops Rs 240 trn

Amid a steep rally, investors got richer by Rs 2.4 trillion, BSE data showed

Image SI Reporter New Delhi
MARKETS: Sensex soars 900 pts, Nifty eyes 16,150; BSE m-cap hits Rs 240 trn

9:39 AM

MARKET VIEW | Nifty likely to break past 15,950 in August

The 15550 - 15950 Nifty range, which has been holding in July, is likely to be broken in August. Even though FIIs have been pressing sales at the upper end of the band ( FIIs sold stocks worth Rs 1540 yesterday also), the market momentum is not in their favour now. Fundamental support to the bulls has been coming from good corporate results. Now the macros are turning very positive with the declining fiscal deficit, rising tax collections, and now the excellent performance in exports which have shot by 48% in July. The PMI at 55.3 indicates a potential sharp turnaround in economic activity. This can embolden the bulls to take Nifty beyond 15950 early in August unless FIIs turn massive sellers at those levels.

-- Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
9:37 AM

NCC adds 2% on bagging 4 new orders

>> The company has received four new orders totalling to Rs 1,679 crore in July. Out of the total orders, one order valuing Rs 732 crore pertains to Building Division and two orders valuing Rs 730 crore pertain to Water & Environment Division and one order valuing Rs 217 crore pertains to Electrical Division. These orders were received from state government agencies.
9:36 AM

Earnings Impact :: Shree Renuka Sugars hits 5% lower circuit

>> Net Loss rose to Rs 241 crore in Q1FY22 vs Rs 35.3 crore in Q1FY21

>> Revenue declined to Rs 830 crore in Q1FY22 vs Rs 1,311 crore in Q1FY21

>> Firm approved raising Rs 1,500 crore via qualified institutional placement
9:32 AM

VA Tech Wabag hits new high on order win

>> The company has secured an engineering and procurement order worth $165 million (about Rs 1,230 crore) from Amur Gas Chemical Complex LLC., in Russia.
9:31 AM

Result Reaction :: Balaji Amines rises 5%

The company reported a consolidated profit at Rs 97.39 crore in Q1FY22 as against Rs 31.58 crore in Q1FY21, while its revenue jumped to Rs 450.68 crore from Rs 222.91 crore YoY.
9:29 AM

Earnings Impact :: RBL Bank drops 2% as firm posts Rs 459 crore loss in Q1

>> The lender reported a loss of Rs 459.47 crore for the June quarter as against a profit of Rs 141 crore in the year-ago period as the money set aside for future loan setbacks shot up by nearly three-times. The overall provisions rose to Rs 1,425 crore from Rs 500 crore in the year-ago period.
9:28 AM

NEWS ALERT :: SRF slides on report Dahej Plant faces acid leak

>> Media reports suggest Dahej plant's C-2 unit sees sulphuric acid leak

>> 1 person dead, 2 injured as per reports

>> Confirmation from company awaited

9:28 AM

Tata Motors gains 1% on hiking vehicle prices

>> The company said it has increased prices of its passenger vehicles by 0.8 per cent with effect from August 3. The company noted that it would offer protection from the price increase to vehicles that will be retailed on or before August 31.
9:24 AM

Sector Watch | Nifty Media, Metal indices only losers in sectoral space

9:22 AM

BSE Midcap index touches fresh record peak

9:21 AM

BSE Smallcap index hits new record high

9:20 AM

Sensex Heatmap | Top gainers & losers in opening session

9:19 AM

First Trade :: Nifty reclaims 15,900

9:18 AM

OPENING BELL :: Sensex jumps 150 points, tops 53,000

9:08 AM

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First Published: Aug 03 2021 | 8:08 AM IST