Sensex gyrates 370 pts, ends 127 pts down; Nifty holds 17,350; RIL dips 2%

However, healthy buying in the broader market kept overall market breadth in the favour of the buyers

12:29 PM

Wipro, TCS: These IT stocks can soar 15% despite being in 'overbought' zone

The Nifty IT index was ruling nearly a per cent higher on Monday, bucking the overall weak trend in the markets. At 12:14 PM, the index was at 35,032 levels, up 0.6 per cent, as against a 0.23 per cent dip in the benchmark Nifty50 index. Individually, shares of Mindtree were up 3 per cent while Mphasis, Coforge, Wipro, and TCS (Tata Consultancy Services) gained between 0.7 per cent and 2.2 per cent. According to analysts at Phillip Capital, the sector will continue to see re-rating in the near to medium term. READ MORE

12:11 PM

Merger buzz with Clix Capital gives wings to Suryoday SFB; stock zooms 20%

Shares of Suryoday Small Finance Bank (SFB) were locked in the 20 per cent upper circuit band at Rs 179.40 on the BSE on Monday on report that Clix Capital Services is in merger talks with the lender. Trading volumes on Suryoday SFB's counter jumped more than five-fold with a combined 1.17 million equity shares having changed hands on the NSE and BSE till 11:21 am. There were a combined pending buy orders for 245,316 shares on both the exchanges, the data shows. READ MORE

12:06 PM

Granules India recalls 1 batch of Naproxen Sodium 220 mg tablets due to a minor 'CGMP deviation'

>> One batch has 11.4 mn units of Naproxen tablets out of which 0.9 mn units that were released into the market were recalled

>> Financially, this does not have a material impact on the company

READ MORE

 

11:50 AM

SpiceJet rises after settling with Boeing MAX aircraft lessor CDB Aviation

>> The airline is looking to start operating the aircraft by September end

>> The 737 MAX was grounded worldwide in March 2019 after two fatal crashes in five months killed 346 people

READ MORE
 

11:39 AM

ALERT :: Cabinet likely to discuss PLI schemes for auto this week

Source: news reports

11:30 AM

Adani Transmission m-cap crosses Rs 2-trillion; zooms 104% since Aug

Adani Transmission joined the elite club of companies with Rs 2-trillion market capitalization (market-cap) on the BSE, after its share price hit a new high of Rs 1,846.70, up 3 per cent in the intra-day trade, on Monday. The Adani Group company, engaged in the electric utility business, surpassed its previous high of Rs 1,810.80, touched on September 9, 2021. The stock has zoomed 104 per cent since August from a level of Rs 903.75 on July 30, 2021.  READ MORE

 

11:21 AM

Jet Airways to restart operations in the first quarter of 2022

>> Jet Airways reportedly will start international flights by Q3 or Q4 next year

 

>> Jet Airways plans 50 planes in next three years and over 100 in five years

 

Source: news reports

 

11:15 AM

India cuts import taxes on vegetable oils to calm prices

India has cut base import taxes on palm oil, soyoil and sunflower oil, according to a government notification, as the world's biggest vegetable oil buyer tries to cool near-record price rises. The reduction in taxes could bring down prices of the edible oils in India and boost consumption, effectively increasing overseas buying by the south Asian country. READ MORE

 

11:06 AM

Advanced Enzymes achieves success in randomised trials of enzymes & probiotics to resolve 'long COVID’ fatigue

>> Randomized, multicentre, double blind and placebo‐controlled clinical trials were conducted on 200 patients suffering from post COVID fatigue symptoms

>> Clinical  trials  factored  positive  results  in  terms  of  resolution  of  fatigue  in  a  greater proportion on patients during the test as against the control arm (91% vs. 15%)

READ MORE


 

10:47 AM

BUZZING :: CDSL extends gains, up over 4% in trade

>> CDSL-led subsidiary had received CCA approval for providing e-sign services on Sept 8

10:44 AM

Varroc Engineering hits 52-week low on growth concerns; dips 18% in 1 month

Shares of Varroc Engineering hit a 52-week low of Rs 264, down 3 per cent on the BSE in the intra-day trade on Monday, on a growth concerns. The stock of the auto parts & equipment company has fallen below its previous low of Rs 270.40, touched on September 7, 2021. READ MORE

 

10:28 AM

Finance ministry dials Sebi on T+1, discusses peak margin implications

The Union finance ministry has asked the Securities and Exchange Board of India (Sebi) if the stock markets are prepared for the shorter trade settlement cycle (T+1) and whether this will lead to any sell-off or pruning of exposures by overseas investors, said two people in the know. The move follows concern raised by foreign portfolio investors (FPIs). READ MORE

 

10:25 AM

Nifty IT and Metal only sectoral gainers

10:18 AM

RIL slips 2% amid profit taking as Co delays JioPhone Next launch

Shares of Reliance Industries (RIL) slipped 2 per cent at Rs 2,382.85 on the BSE in the intra-day trade on Monday amid profit taking after the company's telecom arm Reliance Jio delayed the launch of its affordable smartphone, JioPhone Next, which was developed in partnership with Google, owing to the ongoing semiconductor shortage globally.

Photo: Shutterstock

 

10:06 AM

Coal India shares gain 2% as it may hike coal prices by 10-11%

>> May hike coal prices to mitigate the impact of increased costs and an impending wage revision

 

Source: PTI