Profit-booking drags broader mkts; Metal, PSB indices fall 3%, IT stocks up

The BSE Sensex closed at 54,555 levels, up 152 points or 0.28 per cent. The Nifty50 index shut shop at 16,280 levels, up 22 points or 0.13 per cent

9:46 AM

MARKET VIEW :: Frenzy in IPO mart concerning

A clear trend in the market during the last several trading sessions is the outperformance of large-caps led the high-quality private sector financials. The underperformance of the mid-small-caps segment is a  desirable healthy trend since it is removing the froth in the segment. An area of concern in the market now is the frenzy in the IPO market where retail investors are applying for IPOs & OFSs without any consideration of fundamentals & future prospects. The goal is just to make money on the listing. Many retail investors are likely to lose money in the future from some of these issues. 

-- Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

9:43 AM

Zomato dips 2% ahead of Q1 earnings

9:41 AM

PNB Housing declines 3% on split SAT verdict

>> The Securities Appellate Tribunal on Monday delivered a split verdict on the tussle between PNB Housing Finance and markets watchdog Sebi over the proposed Rs 4,000 crore-investment by Carlyle Group, a development that will continue to keep the much-needed deal for the funds-starved lender in limbo.

9:39 AM

BUZZING :: Texmo Pipes and Products hits 5% upper circuit

>> The company has received orders from multiple contractors of HDPE Pipes worth Rs 121.59 crore to be executed within 6-7 months.

9:37 AM

MOSL gains on credit rating upgrade

>> ICRA upgraded the credit rating on long term debt instruments of Motilal Oswal Home Finance, a material subsidiary of the company to 'AA-/Stable' from 'A+/Stable'.

9:35 AM

Earnings Reaction :: Indian Hotels gains 1% on steady performance in Q1

>> Tata group hospitality arm Indian Hotels Company reported narrowing of its consolidated net loss to Rs 301.58 crore for the quarter ended June 30, 2021 as against a net loss of Rs 312.60 crore posted in the corresponding period of the previous financial year. Its consolidated total income stood at Rs 370.30 crore for the quarter under consideration. It was Rs 175.34 crore for the same period a year ago.

9:33 AM

RIL gains 1% as company forays into Lithium-ion battery biz

>> Reliance New Energy Solar Ltd (RNESL), a wholly owned subsidiary of Reliance Industries Ltd (RIL), along with Paulson & Co. Inc. and Bill Gates, and a few other investors, has announced an investment of $144 million in Ambri Inc, an energy storage company based in Massachusetts, USA.

9:31 AM

Result Reaction :: Tata Investment gains 4%, nears 52-week high

>> The investment arm of Tata Group reported higher consolidated profit at Rs 53.89 crore in the June 2021 quarter as against Rs 18.40 crore in the previous quarter

9:28 AM

Earnings Impact :: Shree Cement declines 4% as PAT declines QoQ

>> The company posted Q1FY22 PAT at Rs 630 crore before adjustment, up by 90.7 per cent versus Rs 330 crore posted in the same quarter last year. The figure declined by 21 per cent versus Rs 798 crore reported at the end of March 2021 quarter.

9:27 AM

Sector Watch :: Barring FMCG, all sectors on NSE in the green

9:24 AM

Buying returns to broader market; Nifty Midcap beats Nifty50

9:21 AM

Sensex Heatmap | Top gainers & losers at opening tick

>> Top gainers: Titan, Kotak Bank, HDFC

>> Top losers: Power Grid, Nestle, Bajaj Auto

9:20 AM

FIRST TRADE :: Nifty50 eyes 16,300

>> HDFC, Kotak Bank, Titan, RIL among top gainers from the Nifty50 pack

9:18 AM

OPENING BELL :: Sensex rises over 170 points

9:12 AM

COMMODITY CHECK

>> Gold & Silver futures recover