MARKET WRAP: Sensex ends 182 pts higher; RIL up 2.5%, Sun Pharma climbs 6%

All that happened in markets today.

1:09 PM

BUZZING STOCK:: Sadbhav Infra

1:00 PM

Top gainers on BSE500

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
UCO BANK	18.69	3.11	19.96	1075381
TEJAS NETWORKS	97.70	16.25	19.95	217029
VODAFONE IDEA	7.09	1.07	17.77	140359712
DISH TV	17.60	2.59	17.26	4775545
ZEE ENTERTAINMEN	304.25	18.50	6.47	963612

12:57 PM

BROKERAGE RADAR | Anand Rathi Research on Atul Auto

After the sharp fall, the stock trades at an attractive 8.8x FY20e PE. We expect revenue to register an 8% CAGR (to Rs 7.63 bn) and PAT to record a 7% CAGR (to Rs 640 m). Given the inexpensive valuation, we see potential and upgrade our recommendation to a Buy, at a target price of Rs 350. Risks: Lower-than-expected volume growth.

12:50 PM

BUZZING STOCK:: Dish TV zooms 15%

12:42 PM

Reliance Capital, R-Infra locked in lower circuit for seventh straight day

Shares of Anil Ambani-led Reliance Group companies - Reliance Capital and Reliance Infrastructure - were locked in lower circuit for the seventh straight day, after lenders invoked pledged shares of these companies. Reliance Capital was locked in the 5 per cent lower circuit at Rs 18.05 on Wednesday after the company said that YES Bank had invoked around 16 lakh equity shares of the company owned by promoter Reliance Inceptum Private Limited. READ MORE

12:25 PM

The sun stops shining for Shapoorji Pallonji as solar company IPO falters

Every conceivable danger an investor needs to be aware of in an initial public offering is discussed in the August prospectus of Sterling and Wilson Solar Ltd., among the world’s biggest engineering contractors to solar farms. READ MORE  

12:17 PM

RIL crosses Rs 1,500; up 35% in 2019. Charts show Rs 1,760 is in the offing

Reliance Industries (RIL) has been one of the better performing stocks in calendar year 2019 (CY19) with a rise of around 35 per cent on a year-to-date basis. In comparison, the frontline Nifty50 index has gained 10 per cent rise during this period. READ MORE 

12:06 PM

BUZZING STOCKS:: ZEEL jumps over 6%

12:00 PM

MARKET CHECK

11:47 AM

Nifty Private Bank index trades higher

11:34 AM

IT stocks trade lower

COMPANY	LATEST(rs)	CHG(rs)	CHG(%)	VOLUME
TECH MAHINDRA	761.35	-1.90	-0.25	161052
INFOSYS	710.30	-2.50	-0.35	69631
INFIBEAM AVENUES	44.45	-0.10	-0.22	58060
WIPRO	249.20	-1.20	-0.48	39516
FIRSTSOUR.SOLU.	41.10	0.35	0.86	38672

11:33 AM

Should you sell RIL? Here's what experts say

Continuing its upswing, Reliance Industries (RIL) on Wednesday hit a fresh lifetime high of Rs 1,571 apiece on the BSE, up 4 per cent, thus nearing Rs 10 trillion market capitalisation (m-cap). On Tuesday, RIL became the first Indian company to cross the m-cap of Rs 9.50 trillion. READ MORE  

11:21 AM

PSBs extend gain; Nifty PSU Bank index surges 10% in four days

Shares of public sector banks (PSBs) were trading higher for the fourth straight day, after the Supreme Court's decision on Essar Steel resolution came in favor of the financial creditors. At 10:43 am, Nifty PSU Bank index was up 1 per cent, surging 10 per cent in the past four trading days. In comparison, the benchmark Nifty 50 index has gained 1.3 per cent during the same period. READ MORE

11:09 AM

Contribution to Sensex's gain today

10:56 AM

Sensex gains over 300 pts