BSE m-cap hits Rs 250 trn as Sensex zooms 663 pts, Nifty climbs 17,100

Bharti Airtel (up 6.7 per cent) was the biggest gainer on the Sensex today, followed by Bajaj Finance, Bajaj Finserv, Asian Paints, TCS, Titan, and Tech Mahindra

10:00 AM

ALERT :: NTPC's Unit 2 of Darlipali Super Thermal Power Station declared on commercial operation

>> Unit-2 of 800 MW capacity of Darlipali Super Thermal Power Station, Stage-I (2 x 800 MW) is declared on commercial operation w.e.f 00:00 Hrs of 01.09.2021.

 

>> With this, the commercial capacity of NTPC and NTPC group will become 53225 MW and 66650 MW respectively.

9:44 AM

MARKET VIEW :: Enjoy bull party but be prepared for sharp correction

A distinguishing feature of this bull market which started in April 2020 is that it has been remarkably stable without any major correction. So, the newbie retail investors who entered the market since April 2020 (1.42 cr new Demat accounts opened in FY21) have been buying every dip, successfully. Now, with the Fed giving a commentary favourable to bulls, momentum is likely to take the Nifty to 17000. The flip side of this relentless bull run is the excessive valuation, which exposes the market to an unexpected sharp correction. This market has proved skeptics wrong, till now. Even while enjoying the party, investors should be prepared for a sharp correction. Partial profit booking is never a bad idea. IT stocks have turned a bit weak, perhaps due to dollar appreciation. But experience tells us that the performance of IT companies depends more on the deal wins than the exchange rate. So dips can be used to buy.

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

 

9:42 AM

RattanIndia Enterprises tumbles 3%

>> RattanIndia Enterprises Ltd. has formed an Advisory Board with a mix of distinguished industry experts and new age entrepreneurs. Advisory board will advise the management on i) Investment Strategy ii) Review of Investment Proposals iii) Monitoring performance of Investee companies and subsidiaries and iv) assist management with external relationships and any other specific tasks. 

 

9:34 AM

Sandhar Technologies extends gains even as firm denies Tesla connect

>> The stock had risen 9 per cent on Monday

9:33 AM

Parsvnath Developers gains 2% on starting stalled housing project

>> Realty firm Parsvnath Developers on Monday said it has started construction work of its stalled housing project at Subhash Nagar in the national capital after getting all statutory approvals. Parsvnath said the balance work in this project, comprising 132 units, will be completed in the next one year.

9:31 AM

Bank of Baroda slips marginally, down 0.5%

>> Shanti Lal Jain would cease to be BoB's executive director from September due to his appointment as the MD & CEO of Indian Bank.

9:28 AM

Sector Watch :: All sectors, barring Nifty Auto gain

9:27 AM

NIFTY AT NEW HIGH :: Index may hit 17,200 and 17,500 once it claims Mt 17K

>> It has hit new high of 16,995

9:23 AM

BSE MIDCAP index hits new high

9:22 AM

BSE SMALLCAP index outperforms benchmark Sensex, rises 0.40%

9:20 AM

Sensex Heatmap | Top gainers & losers at opening tick

>> TOP GAINERS: HCL Tech, Bharti Airtel, Tech Mahindra

>> TOP LOSERS: M&M, ICICI Bank, HDFC

9:19 AM

FIRST TRADE :: Nifty above 16,950, eyes 17,000

9:18 AM

OPENING BELL :: Sensex gains 100 points, tops 57,000

9:10 AM

COMMODITY CHECK

9:09 AM

Sensex Heatmap | Top gainers & losers in pre-open trade