Global rout sends Sensex 525 pts lower; metal index tumbles 7%, PSU bank 4%

Only six of 30 Sensex stocks ended in the green, mainly from the FMCG and financial space

10:23 AM

Lupin slips 4% as Goa plant gets 7 observations from the USFDA

Shares of Lupin dipped 4 per cent to Rs 913 on the BSE in intra-day trade on Monday after the pharmaceutical company said on Sunday that its Goa facility has received seven observations from the US drug regulator. The Goa plant was inspected in March 2017 and received a warning letter for the facility from the US Food and Drug Administration (USFDA). The stock had hit a 52-week low of Rs 856 on 10 November, 2020.  READ MORE

10:15 AM

L&T Hydrocarbon bags order from Petronet LNG in the range of Rs 1,000-2,500 cr

>> The contract is for Engineering, Procurement, Construction and Commissioning of two LNG Storage Tanks for Phase IIIB of the Dahej Expansion Project at Dahej, Gujarat

READ MORE

10:04 AM

HLE Glascoat surges 19% on acquiring the global biz of Thaletec GmbH

Shares of HLE Glascoat surged 19 per cent to Rs 6,163.90 on the BSE in intra-day trade on Monday after the company acquired the global business of Thaletec GmbH. The stock of the leading manufacturer of process equipment has surpassed its previous high of Rs 5,957.80 touched on 20 September, 2021. READ MORE

9:57 AM

Nifty Metal top sectoral loser; falls over 3% in first hour of trade

9:56 AM

VIEW :: Adopt a wait and watch strategy in markets

Markets are likely to turn volatile from now on. Possible tapering time line from the Fed this week, rising bond yields in US, strengthening dollar (dollar index above 93) and news of  crisis in the large Chinese real estate developer Evergrande are likely to weigh on markets. With valuations in stretched territory, corrections are possible, particularly in the broader market. On the positive side FIIs continue to buy imparting resilience to markets. But this can quickly change. Investors may  till clarity emerges.

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

9:53 AM

Wipro gains after announcing launch of Wipro-Google Cloud Innovation Arena in Bengaluru

>> This cloud collaboration space will provide in-house technical expertise, ensure seamless cloud adoption, and accelerate innovation to drive business transformation for customers

9:48 AM

BUZZING :: Nazara Technologies up after arm makes an acquisition of Rs 73 crore

>> NODWIN Gaming acquired the Gaming and adjacent IP business of OML Entertainment

9:41 AM

Lupin falls 2% after US FDA inspection

>> The US FDA concluded inspection of the company's Goa-based facility with "seven observations"
>> The observations made by the US FDA assume significance as the plant had earlier received a warning letter from the American regulatory body

9:38 AM

Bajaj Holdings rises more than 4% after announcing dividend

>> The company declared an interim dividend of Rs 90 per equity share of Rs 10 each

9:33 AM

Kitex Garments up over 5% in first hour of trade

>> The Telangana government and KITEX Group from Kerala signed a memorandum of understanding (MoU) on Saturday for setting up two integrated fibre to apparel manufacturing clusters

9:30 AM

Rail Vikas Nigam gains over 6% after bagging Rs 1,035 crore contract

>> The company bagged order for Indore Metro Rail project

9:27 AM

Sector Watch :: Most sectors open in negative; Nifty FMCG, Media, and IT only gainers

9:25 AM

Broader markets open negative; Nifty Midcap 100 down 1.14%

9:22 AM

Sensex Heatmap :: Top gainers & losers at opening trade

>> TOP GAINERS: HUL, ITC, HCL Tech, Nestle

 

>> TOP LOSERS: Tata Steel, IndusInd Bank, Bajaj Auto
 

9:19 AM

FIRST TRADE :: Nifty50 down 0.7%; slips below 17,500