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

9:45 AM

Shree Cement rises in early trade as company will invest Rs 4,750 crore on three projects

>> The company will invest Rs 3,500 crore to set up an integrated cement plant at Nawalgarh Tehsil of the state

>> It will also invest Rs 500 crore to set up solar power plants and Rs 750 crore to set up a clinker grinding unit in the Purulia district of West Bengal
 

9:40 AM

Telecom stocks rise ahead of today's Cabinet meeting

>> The Union Cabinet may today consider a moratorium on payment of spectrum dues by telecom firms as part of a package for the sector

>> The relief package under consideration includes telecom firms getting an option to convert interest on spectrum dues of the four-year moratorium period into government equity

 

9:36 AM

Zee Entertainment surges 10% in early trade

>> Iinvestor Rakesh Jhunjhunwala’s Rare Enterprises Ltd and BofA Securities Europe SA on Tuesday bought shares of Zee Entertainment Enterprises worth over Rs 225 crore through open market transactions
 

>> Rare Enterprises bought 50 lakh scrips at Rs 220.44 per share through bulk deal transactions on NSE
 

9:29 AM

Sector Watch :: Most sectors in green; Banks and financial services trade lower

9:25 AM

Broader markets gain; Nifty Midcap 100 rises 0.61% in early trade

9:23 AM

Sensex Heatmap :: Top gainers & losers at opening trade

>> TOP GAINERS: Titan, Bharti Airtel, Bajaj Auto, M&M

 

>> TOP LOSERS: Axis Bank, HDFC Bank, IndusInd Bank
 

9:21 AM

FIRST TRADE :: Nifty above 17,400 level; up 0.1%

9:18 AM

OPENING BELL :: Sensex opens just 34 points higher

9:14 AM

Commodity Check

9:13 AM

ALERT :: RBL Bank credit cards go live on Visa

>> RBL Bank, has today started issuing credit cards to its new customers on Visa’s payment network. The launch follows the successful completion of technology integration with the new platform following the agreement between RBL Bank and Visa on July 14,2021, the company said. READ HERE

9:12 AM

Sensex Heatmap :: Top gainers & losers in pre-open trade

9:10 AM

Nifty50 nears 17,400-level in pre-open session; up 10.3 points

9:08 AM

Pre-open session :: Sensex rises by 0.2% or 118 points

9:05 AM

Stocks to watch: Shree Cement, ZEEL, Voda Idea, Srei Infra Finance, ONGC

Shree Cement: Rajasthan-based Shree Cement will invest Rs 4,750 crore on three projects, including Rs 3,500 crore to set up an integrated cement plant at Nawalgarh Tehsil of the state. The company's board on Tuesday approved to invest Rs 500 crore to set up solar power plants at its cement units at various locations and Rs 750 crore to set up a clinker grinding unit in the Purulia district of West Bengal by its wholly-owned subsidiary Shree Cement East. READ MORE

8:58 AM

Here's why Vinay Rajani recommends buying Hero MotoCorp, Amara Raja

Nifty consolidated in the narrow range for the sixth consecutive session to close at 17,382. Nifty registered a fresh all time high at 17,438 but did not sustain at higher levels. The range for the Nifty has been 17,438-17,254 in previous 6 sessions. This range would act as a short term support and resistance. Primary trend of the Nifty is bullish.

 

Buy Hero MotoCorp (2,846) | Target: Rs 3,000 | Stop-loss: Rs 2,750

 

 

The stock has broken out from bullish inverted head and shoulder pattern on the daily charts. Jump in volumes has confirmed the price breakout in the stock. Indicators and Oscillators have turned bullish on the daily charts. Nifty Auto Index has surpassed the crucial resistance of its 50 days EMA. READ MORE