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

10:52 AM

Strides dips 6% from high on profit booking as Aditya Puri joins as advisor

Shares of Strides Pharma fell 3 per cent to Rs 939, down 6 per cent from its early morning high on the BSE on Friday after Aditya Puri joined as advisor to the Strides Group & Director of Stelis Biopharma. The drug maker's stock hit a 52-week high of Rs 1,000 in intra-day trade today. In the past six months, the stock has zoomed 130 per cent, as compared to 33 per cent rally in the S&P BSE Sensex. READ MORE

10:41 AM

MARKET NOW :: Sensex jumps 450 points, trades at day's high

• Infosys, TCS, HDFC Bank among top contributors
• Only 4 of 30 Sensex stocks in the red at this hour
• TechM top gainer, Titan worst loser

10:39 AM

Sun Pharma rises 3%, hits over 2-year high on steady earnings visibility

Shares of Sun Pharmaceutical Industries rose 3 per cent to hit an over two-year high of Rs 619 on the BSE in intra-day trade on Friday on expectations of steady earnings visibility. The pharmaceutical company's stock was trading at its highest level since October 2018. The board of directors of Sun Pharma are scheduled to meet on January 29, 2021 to consider and approve the financial results of the company for the quarter ended December 31, 2020 (Q3FY21). READ MORE

 

10:36 AM

Former HDFC Bank MD Aditya Puri joins Strides Group

Former HDFC Bank managing director Aditya Puri has joined global pharma major Strides Group as an advisor and will also serve as a director of its associate company Stelis Biopharma. "Eminent corporate doyen Aditya Puri joins the Strides Group as an advisor and also will be a director of its associate company, Stelis Biopharma," Strides Pharma Science Ltd said in a regulatory filing. (Text Source: PTI)

10:27 AM

ZEEL zooms 6%

10:14 AM

BUZZING STOCK :: RVNL shares surge 12%, hit 52-week high

10:04 AM

SECTOR WATCH :: Nifty Realty jumps over 2.5%, biggest sectoral gainer on NSE

10:04 AM

Rupee opening

Rupee opens weaker at 73.39/$ vs Thursday's close of 73.33 against the US dollar

10:01 AM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(%)
VODAFONE IDEA	12.17	1.67
SUZLON ENERGY	8.35	0.36
TRIDENT	13.92	-4.13
B H E L	39.90	1.53
RAIL VIKAS	32.60	12.41

9:51 AM

Biocon gains 2% after arm gets Rs 555 crore capital injection from ADQ

Shares of Biocon climbed 2 per cent to Rs 466 on the BSE on Friday after the company announced that the board of its subsidiary Biocon Biologics has approved a primary equity investment by Abu Dhabi based ADQ, one of the region’s largest holding companies. READ MORE

9:49 AM

Lupin jumps 2% on getting USFDA nod for generic diabetes drug

Drug maker Lupin on Thursday said it has received approval from the US health regulator for its Empagliflozin and Metformin Hydrochloride extended-release (ER) tablets, used to treat diabetes, in the American market. The company has received tentative approval for the product in multiple strengths from the United States Food and Drug Administration (USFDA), Lupin said in a statement.

9:39 AM

NEWS FLASH | M&M says hiking prices of CVs by 1.9% from today

(Source: Cogencis)

9:36 AM

Bitcoin slides more than 5% after topping $40,000 for first time

Bitcoin fell more than 5% on Friday, a day after topping $40,000 for the first time. The world’s most popular digital currency slid to as low as $36,618.36 on Bitstamp exchange, after reaching an all-time high of $40,402.46 in the previous session. (Source: Reuters)

9:34 AM

Phoenix Mills stock jumps 6% on Q3 business update

-- Firm sees sustained recovery in the consumption at our malls since reopening. Consumption across our retail portfolio came in at Rs. 13.7 billion in Q3 FY21, up 192% QoQ and at approximately 66% of Q3 FY20.

 

-- The company is witnessing significant interest from customers for ready to move in inventory at One Bangalore West and Kessaku. "We sold 14 units with aggregate sales value of approximately Rs 740 million in Q3 FY21. For 9MFY21, we sold 24 units with aggregate sales value of Rs. 1.4 billion in 9M FY21," it said in a BSE filing

 

-- Rent & CAM Collections across the commercial portfolio remain strong at approximately Rs 390 million in Q3 FY21 and Rs 1.14 billion in 9MFY21.

 

-- Our hotel properties saw improved traction in social events and F&B revenue during Q3FY21, the company said.

 

9:30 AM

MARKET VIEW | V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Formal certification of Biden presidency and Trump promising smooth transition of power have further pushed US markets higher. Even though this might embolden our bulls too, there are some areas of concern. FII inflows are steadily declining and low- grade stocks are touching record highs. Irrational retail investor enthusiasm for 'cats & dogs' is an indication for caution. This is not the time for exuberance. Investors can use the present excessive optimism to sell poor quality stocks in the portfolio.