Sensex ends at record high, up 476 pts; Voda Idea gains 3% on govt relief

Both Sensex and Nifty hit fresh record highs in intra-day deals on Wednesday

11:18 AM

ALERT :: Ramkrishna Forgings wins export order worth Rs 25 crore

11:11 AM

Benchmark Sensex index above 58,500 level; less than 50 points from fresh high

11:00 AM

ALERT :: Royal Orchid launches 5 new hotels

>> Two hotels have been launched in Amritsar, one in Sampbalpur and one in Somnath and one leisure property in Kabini, Karnataka

10:54 AM

Ami Organics surges 20% after strong debut; up 84% in two days

Shares of Ami Organics were up 20 per cent at Rs 1,121 on the BSE in intra-day trade on Wednesday after the specialty chemicals company made a strong market debut on Tuesday. With today’s rally, the stock has now gained a solid 84 per cent against in just two trading sessions from its issue price of Rs 610 per share. READ MORE

10:49 AM

CRISIL revises Astral's long-term rating to AA from AA-

>> Company's outlook changed to Stable from Positive

10:39 AM

ONGC hits 52-week high, Oil India soars 5% amid jump in crude oil prices

Shares of state-owned oil exploration & production companies Oil Natural Gas Corporation (ONGC) and Oil India rallied 5 per cent each on the bourses on higher crude oil prices. ONGC was up 5 per cent at Rs 130 in the intra-day trade, surpassing its previous high of Rs 128.45 touched on 15 June, 2021. Oil India, meanwhile, hit a fresh 52-week high at Rs 208.80, and has gained 5 per cent on the BSE. READ MORE

10:28 AM

Man Infra hits 52-week high on Rs 250 crore order win

>> Man Infra Contracts LLP; wherein Man Infraconstruction Limited holds 70% partnership interest; is appointed as Developer by Juhu Sai Darshan Co-operative Housing Society Limited; located at Juhu, Mumbai to undertake redevelopment work. The Company is expected to generate total revenue of more than Rs. 250 crores from the said Project. 

10:25 AM

NEWS ALERT :: KNR Constructions bags order worth Rs 1042 crore

10:15 AM

ALERT :: Nifty50 hits new peak of 17,448.65 level

10:09 AM

Market rally would remain broad-based going ahead: Sampath Reddy

Markets have been trading sideways ahead of the meetings of the two major global central banks – the US Federal Reserve and the Reserve Bank of India (RBI) – over the next couple of weeks. SAMPATH REDDY, chief investment officer, Bajaj Allianz Life Insurance, tells Puneet Wadhwa in an interview that expect natural profit taking to happen with rising markets, but does not see any meaningful correction, unless there is a more aggressive taper stance by the US Fed. READ MORE

 

10:05 AM

Zee Ent extends rally as Jhunjhunwala, BofA buy stake; zooms 54% in 2-days

Shares of Zee Entertainment Enterprises (ZEE) continued their upward journey, after ace investor Rakesh Jhunjhunwala's Rare Enterprises Ltd and BofA Securities Europe SA on Tuesday bought shares of the company worth over Rs 225 crore through open market transactions. READ MORE

10:02 AM

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

The primary driver of this bull run has been liquidity and therefore a reversal of the trend is likely to happen only with decline in liquidity, particularly capital outflows triggered by FPI selling. Even though there were signs of this happening in July, there are no such signals now. In fact the reverse is happening  with continuous FPI buying during the last few days. CPI inflation in US for August coming at below expectations at 5.3 % gives credence to the Fed's view that inflation is transient. This can support further FPI inflows into India, which, in turn, can impart resilience to the market. But investors should remember that these positive developments are pushing valuations very high.The outperformance of the broader market continues this month with disproportionate rise in some mid-small-cap stocks. There is hyper speculative activity in the broader market. Investors should be cautious operating in this segment.

10:01 AM

Nifty Media top sectoral gainer in early trade

9:56 AM

BUZZING :: Titan rises 3% in first hour of trade

>> The stock has also hit 52-week high levels

9:49 AM

ONGC at a 52-week high, rises 5% in early trade

>> The company is looking to buy out Infrastructure Leasing & Financial Services' stake in Mangalore Special Economic Zone

>> IL&FS holds 50 per cent equity in the company

>> The deal is likely to be concluded at 'fair value' after ONGC's attempt to buy out the shadow lender’s stake in the joint venture