Business Standard

Monday, December 23, 2024 | 03:47 PM ISTEN Hindi

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Localised lockdowns weigh; Sensex declines 244 points amid volatility

The broader markets, however, managed to duck the bear onslaught and supported the overall market breadth

Image SI Reporter New Delhi
MARKETS: Indices at day's low; Sensex tanks 250 pts, Nifty below 14,300

10:59 AM

Gland Pharma hits new high; stock zooms 92% over issue price

Shares of Gland Pharma hit a new high of Rs 2,879 on the BSE, up 4 per cent, in intra-day trade on Tuesday, taking its winning run to the fourth straight day. During this period, the shares have rallied 16 per cent. The stock is quoting at the highest level since its listing on the bourses on November 20, 2020.
 
With the past four days' surge, Gland Pharma is now trading 92 per cent higher over its initial public offer (IPO) issue price of Rs 1,500 per share. READ MORE

10:50 AM

Three risks that the equity markets may not be fully pricing in

The Reserve Bank of India (RBI) has embarked on Quantitative Easing (QE) with the Government Securities Acquis­ition Programme (GSAP). This commits the central bank to buy Rs 1 trillion of government bonds off the secondary market in the first quarter (Q1) of financial year 2021-22 (FY22).
 
If it runs at the same rate through the fiscal, this will significantly exceed RBI purchases of Rs 3.1 trillion in FY21. In addition, RBI is holding policy rates low, and conducting open market operations such as “Operation Twist”.  READ MORE

10:37 AM

India's m-cap declines 2.5%, only top-15 nation to see erosion in April

India is the only nation in the top-15 to see an erosion in its market capitalisation this month. Record daily coronavirus infections, poor healthcare infrastructure, and stringent restrictions across the country on movement of people prompted investors to prune their bullish bets on the country. READ MORE

MARKET-CAPITALISATION, m-cap, stock market, investors, funds
 
10:25 AM

Top Sensex drags at this hour

10:19 AM

Top gainers on the BSE at this hour

Company PRICE(rs) CHG(%)
ICICI Pru Life 492.65 8.93
Sobha 517.20 6.88
Lemon Tree Hotel 30.45 6.47
Piramal Enterp. 1755.30 5.55
Indian Hotels Co 99.45 5.02
» More on Top Gainers
10:11 AM

ICICI Prudential surges 10% on strong performance in March quarter

Shares of ICICI Prudential Life Insurance Company (ICICI Pru) surged 10 per cent to Rs 495 on the BSE in intra-day trade on Tuesday after the company posted a 23 per cent year-on-year (YoY) growth in new business premium during the January-March quarter (Q4FY21), led by steady traction in both regular and single premium business. READ MORE

10:02 AM

Rupee opening

Rupee opens stronger at 74.65 per US dollar vs Monday's close of 74.88/$
9:51 AM

Most active stocks by volume

Company PRICE(rs) CHG(%) VOLUME
Vodafone Idea 8.58 1.18 5161143
Punjab Natl.Bank 34.05 2.71 758259
S A I L 91.70 2.80 527525
St Bk Of India 337.80 1.98 468286
Suzlon Energy 4.56 2.47 402913
» More on Most Active Volume
9:47 AM

MARKET COMMENT :: V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

The government's decision to open up vaccination for all above 18 from May 1st and announcement of measures to incentivise vaccine manufacturers are steps in the right direction. This is positive from the market perspective. The market is likely to ignore the stress in the healthcare system and the pains from the second wave. There is a big difference between the first wave & the second wave. During the first wave, the market was responding to the "unknown unknown". Now, the market is responding to the "known unknown." The vaccines give us a clear idea of the end game and the market which always discounts the future is likely to respond positively
9:41 AM

Aditya Birla Sun Life AMC files DRHP with Sebi

Aditya Birla Capital on Tuesday said its material subsidiary Aditya Birla Sun Life AMC (ABSLAMC) has filed preliminary papers for an initial public offer (IPO) with market regulator Securities and Exchange Board of India (Sebi).
 
Aditya Birla Sun Life AMC filed a draft red herring prospectus (DRHP), dated April 19, 2021, with Sebi for an IPO by way of an offer for sale (OFS) of the shares of the company. READ MORE
 
9:35 AM

Nifty IT index slips into the red; 8 of the 10 constituents trade with losses

9:33 AM

Volatility Alert

India VIX cools off nearly 3%, trades at 21.8 levels
9:32 AM

Buzzing :: Snowman Logistics skyrockets 12%

>> Logistics shares are in focus as the government has launched a massive vaccination drive for all above the age of 18 years.

>> In another development, Crisil has affirmed Snowman Logistics' long term rating at 'A/Stable'

9:30 AM

Caplin Point rises 4% as Ashish Kacholia ups stake

>> Ace investor Ashish Kacholia increased stake in Caplin Point from 1.08 per cent as of December 2020, to 1.16 per cent as of March 2021.

9:28 AM

Result Reaction :: ICICI Prudential jumps 9%

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First Published: Apr 20 2021 | 7:47 AM IST