Sensex rises 488 pts in relief rally; Nifty Realty up 6%; Tata Motors 13%

In the broader market, the BSE MidCap and SmallCap indices added 1.7 per cent and 1.4 per cent, respectively

3:04 PM

NEWS ALERT :: Rakesh Gangwal drags IndiGo to Delhi HC in arbitral dispute

>> Plea yet to be taken up by Delhi HC

>> In September, London Court of International Arbitration gave the final award in the feud between Rahul Bhatia, Rakesh Gangwal

Source: TV reports

3:01 PM

ICICI Bank, Titan, TCS major Sensex movers in trade so far

ICICI Bank, Titan and TCS a day ahead of its Q2 results are the major contributors to the Sensex 30 in trade so far on the BSE. Infosys, Reliance Industries and Mahindra & Mahindra followed the top three.

2:53 PM

Mahindra XUV 700 gets 25,000 bookings in 57 minutes, equaling 6-mth output

The Mahindra XUV700 has clocked 25,000 bookings in 57 minutes of its booking commencement on Thursday, said Mahindra and Mahindra, terming it as an “unprecedented milestone in the Indian automotive industry.” The volume of 25,000 units of the recently launched model is equivalent to up to six months of production depending on the variant. It also makes the XUV700 the first four-wheeler in India to hit this milestone, the company claimed. READ MORE

2:43 PM

MARKET STAT :: Advance-decline ratio favours gainers

>> The market breadth was positive in late afternoon session, with two stocks rising for every one that fell. 

2:41 PM

Global markets :: Dow Jones Futures gain 150 pts

2:31 PM

Paras Defence extends rally post strong debut; zooms 246% over issue price

Shares of Paras Defence and Space Technologies (PDSTL) continued their upward movement as they hit 5 per cent for the fourth straight day on Thursday. The shares hit a high of Rs 606.10 on the BSE today, building on gains logged on debut day (October 1, 2021). Till 02:01 pm, a combined 140,996 equity share had changed hands and there were pending buy orders for 950,000 shares on the NSE and BSE. READ MORE

 

2:13 PM

Corporate Update :: Piramal Enterprises approves Demerger proposal

2:12 PM

ALERT :: Piramal Enterprises to create two separate listed entities in financial services & pharma

>> PEL to be a listed diversified NBFC

>> Shareholders of PEL will get four shares of PPL for every one share held in PEL

2:10 PM

BS Special :: Does India have a case for the upgrade it seeks from rating agencies?

India, which currently has the lowest investment grade, has sought an upgrade from rating agencies. While Moody's Investors Service has obliged by upgrading the outlook on sovereign ratings to stable from positive, it retained the sovereign ratings.

 

As such Moody's action has fallen short of India's expectations.  READ MORE

2:01 PM

This smallcap IT company's stock has surged 118% in 18 days; here's why

Currently, Brightcom Group is trading under the T group on the BSE. In the T2T segment, each trade has to result in delivery and no intra-day netting of positions is allowed. Till 01:31 pm, a combined 1.03 million equity shares had changed hands on the counter and there were pending buy orders for 2.16 million shares on the NSE and BSE, the data shows. READ MORE

1:46 PM

European markets start trade on a positive note

Almost all, key European markets were up a per cent each mirroring the positive trade sentiment across the globe. On Wednesday, Russia assured to boost supplies to Europe and do what it takes to stabilize the energy markets. European countries are one of the largest importer of Oil & Gas.

1:39 PM

Zee vs Invesco :: NCLAT reserves the order, likely to pass later today

Zee to NCLAT: NCLT thought allowing us 36 hrs to file a reply was adequate to meet ends of justice. This is a gross violation of principle of natural justice. Section 98 has been misread, no timetable on the tribunal to decide the issue.

Source: TV reports

1:33 PM

ALERT :: Bombay HC dismisses writ petition filed by SREI Group

1:28 PM

Paytm in talks with sovereign wealth funds, BlackRock for IPO stakes

State-backed wealth investors Abu Dhabi Investment Authority and Singapore’s GIC Pte are among those weighing bidding to participate in the IPO, the people said, asking not to be identified as the information is private.

 

Global financial firms such as BlackRock Inc. and Nomura Holdings Inc. are also in discussions to bid, the people said. One97 Communications Ltd., as Paytm is formally known, is considering seeking a valuation of around $20 billion to $22 billion based on initial investor feedback, they said. READ MORE

1:18 PM

Titan, Kalyan Jewellers, Goldiam and more: Here's what the charts have to foretell

Titan has set the tone for the festive season by announcing 78 per cent y-o-y jump in Q2FY22 revenue, going ahead the gold sales are expected to rise as per reports. Here's how the prominent gold-related stocks look on the charts. READ MORE