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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

Image SI Reporter New Delhi
Photo: Bloomberg

Photo: Bloomberg

12:08 PM

Tamilnad Mercantile Bank files DRHP with Sebi for Rs 1,000 cr IPO

Hundred-year-old Tamilnad Mercantile Bank (TMB) has filed a draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (Sebi) for an Initial Public Offering (IPO).  READ MORE


11:54 AM

Nalco shares rise on reports of army taking control of Guinea

>> Guinea is said to have world’s largest bauxite reserves 
 
>> Political turmoil and supply disruptions could push up alumina prices
 
Source: CNBC-TV18, Agencies
 
11:47 AM

ALERT :: Sensex off day's high, up 100 points

11:31 AM

IndiaMART InterMESH rallies 22% in 7-days on F&O inclusion

Shares of IndiaMART InterMESH continued its upward journey, surging over 6 per cent to Rs 8,630 on the National Stock Exchange (NSE) on Monday. The stock has rallied 22 per cent in past seven trading sessions after been included in the derivatives segment (Futures & Options contracts) on the NSE from the new series that began from 27 August.  READ MORE


11:20 AM

BUZZING :: IRCTC at all-time high

11:16 AM

Nuvoco Vistas hits new high, trades above issue price for first time

Shares of cement manufacturer Nuvoco Vistas Corporation (NVCL) hit a new high of Rs 577.50, up 3 per cent on the BSE in Monday's intra-day trade. The stock for the first time crossed its issue price of Rs 570 since listing.  READ MORE

 



11:08 AM

RIL stock can hit Rs 5,000 levels in the next one year, tech charts suggest

Shares of Reliance Industries (RIL) hogged the limelight in Monday's session as they soared to a new lifetime high of Rs 2,477.70, up 4 per cent on the BSE on the back of positive news flow. The company, after market hours, on Friday said its subsidiary had acquired a majority stake in genomic testing from Strand Life Sciences Pvt Ltd for Rs 393 crore. READ MORE


10:59 AM

ALERT :: Zydus Cadila gets tentative US FDA approval for its new drug application for Sitagliptin base tablets

10:46 AM

'Inflation' mentioned most since 2003 in Asian companies' earnings calls

The word “inflation” has popped up on Asian companies’ earnings calls this reporting season the most in at least 18 years. It’s been mentioned 282 times in the transcripts of analyst briefings for companies on the MSCI Asia Pacific Index in the quarter ending September, according to data compiled by Bloomberg. That’s the most since at least 2003, beating the previous record of 268 mentions during January to March of 2017. READ MORE


10:43 AM

Nifty Realty index extends gains, best performing sector on NSE

10:22 AM

ALERT :: TB Alliance and Lupin announce commercial partnership for new therapy for highly drug-resistant TB

10:09 AM

RIL up 4%, hits new life-time high on stake buy in Strand Life Sciences

Shares of Reliance Industries (RIL) hit a new life-time high of Rs 2,477.70, and are up 4 per cent on the BSE in early morning trades on Monday on the back of positive news flow. The company, after market hours, on Friday said its subsidiary had acquired majority stake in genomic testing frim Strand Life Sciences Pvt Ltd for Rs 393 crore. READ MORE

 

9:53 AM

Oil market anchors around $70/b, but volatility to return

The oil market is arguably back in a sweet spot. The only shock in the September OPEC+ meeting was how quickly it was wrapped up, demand is now normalizing and balance is being restored. After 18 months of a painful demand narrative, supply risks could soon become a sore point.  READ MORE



9:46 AM

NEWS ALERT :: Maruti Suzuki hikes prices of select models by 1.9% from September 6

>> The weighted price increase in ex-showroom prices (Delhi) across select models is 1.9%

>> The price hike for select models is due to increase in various input costs


9:39 AM

MARKET VIEW | V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Some negative economic news is likely to turn out to be positive for markets in the very short-term. The US jobs data - only 2.35 lakh jobs added in August against the expectation of above 7 lakhs - support the Fed's claim that "there is much more ground to cover" before rates are revised upwards. So, even tapering expected by this year-end is likely to be a 'taper without tantrum'. The dollar index hovering around 92.16 is likely to support fresh FII inflows. This, along with sustained DII  investment and active retail buying can impart resilience to the market even at high valuations. Fresh highs are likely driven by the strong uptrend in RIL and renewed buying in banking stocks. The ideal strategy in this bull market is to remain invested with occasional partial profit bookings and moving some profits to fixed income.

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First Published: Sep 06 2021 | 8:09 AM IST