RIL, IT stocks drive Sensex to fresh closing high, up 167 pts; VIX jumps 4%

The domestic benchmark indices extended their gains to the third day in a row on Monday

3:02 PM

NEWS ALERT :: Welspun India becomes first Indian company to receive US FDA approval for 3 Ply Surgical Masks

>> Welspun India Limited has now become the first Indian company to receive one of the stringent and most recognized quality approval i.e. US Food and Drug Administration (FDA) 510 (k) clearance for its 3 Ply Surgical Masks.

>> Certified by BIS and CE already, this product from Welspun India Ltd has got all required certifications to supply to global markets including critical medical uses. 
 

 

2:55 PM

WATCH :: Some tips to help you protect your stock market investment

2:47 PM

Top banker tells wealthy Indians to load up on foreign stocks

“The returns offered by some overseas markets are higher than what investors can get from Indian equities,” said Srikanth Subramanian, chief executive officer for private wealth at Kotak Investment Advisors Ltd. “This is not a short-term call, but a deeper, structural call, and as our conviction has increased, our model portfolio has seen a four-fold jump in allocation to overseas equities over the last 15-18 months.” READ MORE

2:35 PM

Shares of this textile company soar 44% in 2 days as Kacholia buys stake

Shares of Faze Three were locked in the upper circuit for the second straight day on Monday, up 20 per cent at Rs 272.55 on the BSE, also its fresh record high level. In the past two sessions, the stock has rallied 44 per cent after investor Ashish Kacholia bought nearly 3 per cent stake in the firm for Rs 13.87 crore. READ MORE

2:13 PM

ALERT :: Tata Motors subsidiary Jaguar Land Rover's UK sales slip 39.6% in August

>> Jaguar Land Rover posted sales of 1,871 units in the UK last month

2:05 PM

Alphageo (India) freezes at 20% upper circuit on strong growth outlook

Share of Alphageo (India) were locked in the 20 per cent upper circuit band at Rs 409.50, also its 52-week high, on the BSE on Monday on expectation of strong earnings growth during the financial year 2021-22 (FY22). Till 01:36 pm, a combined 914,000 equity shares had changed hands and there were a combined buy orders for 89,000 shares on the NSE and BSE.  READ MORE

1:59 PM

ALERT :: Petronet LNG, ONGC Videsh said to weigh Arctic LNG 2 stake

1:50 PM

MARKET STRATEGY :: How should investors ride the current bull market

Markets are touching new highs daily, driven by a rally in Blue-chips. Post such rally, markets need some cool down as they cannot keep on going up. Hence, investors can book their gains partially at current levels. 

 

In long term, we are bullish but expect consolidation for some time. We advise traders & short-term investors to keep strict stop loss to their position and keep booking profits at certain levels.

 

Key levels:

Nifty has strong support at 17,300 levels, if breached then the next support is placed at 17,225 and 17,100 levels. 

 

On the upside, 17,500 is a hurdle and if we get closing above 17,500 then 17,800 will act as resistance.

 

Bank Nifty, on the other side, is underperforming and has strong support at 36,500 - 36,200. 

 

On the upside, 37,200 will act as a hurdle. Once we get closing above 37,200 then another stretch is expected to take Nifty Bank at all-time high levels of 38,000.

 

Views by: Rahul Sharma, Co-Founder, Equity99

1:41 PM

ALERT :: NMDC sets lump ore price at Rs 6,150/tn, fines at Rs 5,160/tn

1:25 PM

ALERT :: Supreme Court dismisses plea by 63 Moons against sale of DHFL

>> SC refuses to stay implementation of DHFL resolution plan

>> SC directs NCLAT to hear, decide the issue expeditiously

>> SC directs NCLAT to decide the case within 2 weeks

Source: TV report

1:01 PM

IRCTC's stock rally has more steam left; buy on every dip, suggest analysts

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) jumped 6 per cent and hit an all-time high of Rs 3,041 apiece on the BSE in the intra-day trade on Monday, extending its gravity-defying rally on the bourses. On a year-to-date basis, the stock has soared 100 per cent till September 3 on the BSE, while over the past 2 months, it has surged 39 per cent.  READ MORE

12:40 PM

India's August gold imports nearly double on price correction: Report

India's gold imports in August nearly doubled from a year ago to their highest level in five months on an improvement in demand and as a correction in prices prompted jewellers to ramp up purchases for the festive season, a government source said.  READ MORE

 

12:29 PM

IRCTC now among 100 most valuable firms on BSE; zooms 97% from April low

Indian Railway Catering and Tourism Corporation (IRCTC) entered the top 100 most valuable listed companies' club after the stock of the transport support services firm hit a new high of Rs 3,041.20, up 6 per cent on the BSE in intra-day trade on Monday. The stock has rallied 97 per cent from its low of Rs 1,541 touched on April 19, 2021.  READ MORE

12:26 PM

ALERT :: Ahluwalia Contracts gets Rs 890 cr order for construction of Animal Science University in Patna

12:13 PM

ALERT :: Alembic Pharma JV gets USFDA approval for Metronidazole Gel USP