Sensex ends 588 pts lower at 46,285, down 5% in a week ahead of Budget 2021

Both the benchmarks have erased around 5 per cent during the week

3:04 PM

ALERT :: Sharp downtick in Sensex

3:00 PM

IIFL Finance hits 20% upper circuit post December quarter results

Shares of IIFL Finance were locked in upper circuit of 20 per cent at Rs 147 on the BSE in Friday's session after the company reported 47 per cent year-on-year (YoY) jump in its consolidated net profit at Rs 268 crore in the December quarter (Q3FY21), driven by loan growth, higher net interest margin and lower cost to income ratio. The company engaged in financial services business had posted a profit of Rs 183 crore in the year-ago quarter. READ MORE

2:49 PM

ICICI Bank Q3: Treasury gains, stake sale in ICICI Sec to aid profitability

Forecasting a growth of single digit (9 per cent each) in net interest income (NII) and operating profit, analysts at Centrum Broking peg the bank’s net profit at Rs 3,576.7 crore, down 14 per cent on year. PAT stood at Rs 4,146.5 crore in the previous year quarter (Q3FY20), and at Rs 4,251.3 crore in the September quarter of the current fiscal (Q2FY21). READ MORE

2:39 PM

Stocks that hit 52-week high on BSE today in an otherwise volatile market

Company	PRICE(rs)	CHG(%)
IIFL Finance	146.90	19.97
Shriram Trans.	1301.10	17.07
TVS Motor Co.	576.05	8.97
Bank Of Maha	15.30	7.59
Quess Corp	591.00	6.97

2:29 PM

ALERT :: Sensex back in the green

2:29 PM

GLOBAL MARKETS CHECK

(Source: Reuters)

2:17 PM

Dec Quarter Result :: Sun Pharma's PAT stands at Rs 1,853 crore

>> Revenue at Rs 8,837 crore

>> EBITDA at Rs 2,406 crore

>> EBITDA margin at 27.2%

>> Declares interim dividend of Rs 5.5 per share

2:10 PM

Havells India slips 10% on heavy volumes after rallying 32% in a month

Shares of Havells India dipped 10 per cent to Rs 1,063 on the National Stock Exchange (NSE) on Friday after more than one per cent equity of the company changed hands through multiple block deals. Till 01:42 pm, a combined 8.64 million equity shares, representing 1.4 per cent of total equity of Havells India, had changed hands on the NSE and BSE. The name of the buyers and sellers were not ascertained immediately. There were pending sell orders for around 91,000 equity shares on both the exchanges, data shows. READ MORE

2:04 PM

Economic Survey | India's sovereign credit rating doesn't reflect its fundamentals

-- Imperative that sovereign credit rating methodology be made more transparent

2:00 PM

Economic Survey 2021 | India's trade balance with US and China improved as imports slowed

- Robust FPI, FDI inflows buttressed balance of capital accounts

- RBI intervention in forex markets ensured stability

1:59 PM

ALERT :: Sensex at day's low

1:57 PM

Economic Survey 2021

- Agriculture to clock 3.4% growth in FY21

- Industry to register 9.6% contarction this FY

- Services to contarct by 8.8% this FY

1:56 PM

Economic Survey 2021 :: Expenditure policy of 2020-21 evolved according to the needs

>> Monthly revenue collection witnessed an uptick in December

>> General govt to register slippages in FY21

1:52 PM

Economic Survey :: Rating agencies under-assessing India's fundamentals

-- India's stringent lockdown helped in avoiding second wave of Covid

1:49 PM

Economic Survey 2021 :: Key role of the govt is to actively shape the structure of the healthcare market