Thursday, January 09, 2025 | 12:14 PM ISTEN Hindi

Sensex ends at fresh closing peak of 48,782, up 689 pts; Nifty at 14,347

Tata Consultancy Services (TCS) hit a record high of Rs 3,127.55 apiece in the intra-day trade and closed 3 per cent higher ahead of the announcement of Q3FY21 results

SI Reporter New Delhi

Experts say aggressive stimulus measures announced by global central banks helped investors look beyond the worst economic outlook in more than 40 years

1:07 PM

INDEX CHECK :: Auto stocks outperform; Maruti Suzuki, Eicher Motors top gainers

1:06 PM

Top gainers on BSE at this hour

COMPANY	PRICE(rs)	CHG(%)
RAIL VIKAS	32.50	12.07
J & K BANK	26.55	9.94
ZEE ENTERTAINMEN	235.55	7.56
T.V. TODAY NETW.	241.05	6.94
S H KELKAR & CO.	138.30	6.84

» More on Top Gainers

12:52 PM

MARKET CHECK :: Nifty tops 14,300-mark for the first time

12:49 PM

Himatsingka Seide partners with The Walt Disney Company; stock jumps 7%

-- Himatsingka Seide signs new licensing agreement with The Walt Disney Company for the European region.

-- The license will give Himatsingka the rights to design, develop, manufacture and distribute a broad range of home textile products inspired by Disney's vast archives and characters from all its franchises including Disney, Marvel, Pixar and Lucas.

12:42 PM

M&M hits 52-week high on price hike of personal, commercial vehicles

Shares of Mahindra & Mahindra (M&M) hit a 52-week high of Rs 768.75, up 3 per cent, on the BSE in intra-day trade on Friday after the company announced price increase for its personal & commercial range of vehicles from today, January 8, 2021, due to rise in input costs. The stock surpassed its previous high of Rs 764.10, touched on December 8, 2020. The price will increase by around 1.9 per cent, resulting in an increase of Rs 4,500 - Rs 40,000, depending on the model and variant, M&M said in a press release. READ MORE

Other offshore ventures range from supply-chain management to houses for designing sports cars.

12:27 PM

SoftBank's Masayoshi Son is poised for another IPO windfall in 2021

Among the startups heading for initial public offerings are South Korean e-commerce pioneer Coupang Corp, Indonesian online mall operator PT Tokopedia and China’s ride-hailing giant Didi Chuxing, according to people familiar with the matter, asking not to be named because the matter is private. The IPOs could give Son another round of enormous gains after successful offerings from DoorDash and KE Holdings in 2020. READ MORE

12:15 PM

TCS, Infosys: Positive Q3 results may trigger next leg of rally in IT stks

NIFTY IT INDEX: After scaling the 26,000 mark, the index is witnessing minor profit-booking. This level may act as a mild resistance for a few sessions ahead. A defensive trend above 26,120 mark may induce more upside towards 28,000 level from a medium-term view. The support comes at Rs 25,000 levels. The counter is witnessing buying momentum in the overbought territory of the Relative Strength Index (RSI), as per the weekly chart. READ MORE

12:05 PM

Poultry stocks in focus amid reports of avian influenza outbreak

Shares of poultry breeder Venky’s (India) and feed producer Godrej Agrovet are down as much as 7 per cent and 2 per cent, respectively, in the last three trading sessions (even as the Sensex was flat) amid reports of fresh concerns over the outbreak of avian influenza (also known as bird flu). READ MORE

11:49 AM

BofA, CLSA think Axis, IndusInd Bank are ripe for re-rating; here's why

Shares of Axis Bank and IndusInd Bank Bank have, so far, outperformed the benchmark S&P BSE Sensex in calendar year 2021, on the back of consistent foreign capital inflow and hopes of sustainable economic recovery. Analysts at BofA Securities have "turned positive" on the Indian banking sector, and have upgraded Axis Bank, IndusInd Bank, and State Bank of India (SBI) on a "surprisingly" resilient asset quality outlook, and reasonable valuations. READ MORE

11:43 AM

BSE Midcap index hovers at record high level; ZEEL top gainer

11:41 AM

Oaktree Capital, Piramal group trade charges over bids for bankrupt DHFL

Upping the ante, Oaktree Capital and the Piramal group have drawn the attention of the lenders to bankrupt housing finance firm DHFL that the offer submitted by the other firm is legally flawed and could eventually be challenged in court. Voting on the proposals submitted by the bidders will conclude on January 14.READ MORE

11:31 AM

BSE cash market trades on mobiles up 11x on wider access, cheap data

The proportion of the cash market turnover attributable to mobile phones is up almost 11x in the past five years. The rise has come on the back of higher smartphone penetration, lower data charges, and booming equity markets. The share of cash market trades carried out on mobile phones was 1.5 per cent in January 2016 on the BSE. READ MORE

11:20 AM

Stock Idea by Geojit Financial: HPCL | Target Price: Rs 260

HPCL’s net revenue stood at Rs. 51,773cr (-14.9% YoY) in Q2FY21. However, it improved 37.3% on a sequential basis on the back of a sharp recovery in petroleum demand and refineries utilization rate of 100%, despite the lockdown. During the first half of this fiscal year, HPCL added 895 new retail outlets & 103 new CNG retail outlets. Strong infrastructure and pipeline network, along with robust inventory management will boost the company’s performance in the long-term. Therefore, we upgrade our rating to BUY on the stock with a target price of Rs. 260 based on SOTP Valuation.

11:09 AM