MARKET WRAP: Sensex ends 353 pts higher; metals shine, pharma stocks slip

Nifty metal was the top gainer, up over 2 per cent, followed by Nifty public sector bank index, up over 1 per cent.

10:37 AM

HDFC Life Insurance slumps over 7% post block deal, recovers later

Shares of HDFC Life Insurance Company slumped as much as 7.5 per cent to Rs 490 apiece on the BSE in the early trade on Wednesday after reports said co-promoter Standard Life sold more than 3 per cent stake in the company via block deal. At 09:15 am, around 64.2 million equity shares representing 3.2 per cent total equity of HDFC Life Insurance Company changed hands via block deal on the BSE, the exchange data shows. READ MORE

10:35 AM

Market check

10:34 AM

Market check

10:31 AM

Nestle India gains after CLSA maintains 'outperform' rating with a target price of Rs 12,415

10:28 AM

Nifty PSU Bank index trades 1% higher

10:22 AM

Motherson Sumi gains 2%

10:13 AM

NEWS ALERT | DHFL India defaults on NCD payment due on August 6: CNBC TV18

-- Default on interest and principal amount

10:10 AM

Lack of timely resolution, legal costs may hold back class action suits

A combination of legal costs, which would be significant for minority shareholders, and the lack of timely resolution may stymie the use of class action suits for some time to come.

 

Shareholders are likely to continue voting with their feet when faced with issues in their companies, according to experts. News of shareholders of a large conglomerate, reportedly planning class action suit against an auditor whose resignation allegedly led to a decline in share price, may well mark more of an exception than the rule. READ MORE

9:54 AM

Colgate Palmolive slips 1.4%

9:53 AM

Orient Cement slips over 2%

9:52 AM

Tata Chemicals gains over 2%

9:51 AM

Balrampur Chini gains over 4%

9:49 AM

Reliance Infrastructure rises over 8%

9:48 AM

SAREGAMA India hits 20% lower circuit

9:45 AM

Ceat trades nearly 2% higher