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
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
10:25 AM
Top Sensex drags at this hour
10:19 AM
» More on Top Gainers
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 |
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
» More on Most Active Volume
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 |
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'
>> 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%
Topics : MARKET WRAP Markets Sensex Nifty50
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First Published: Apr 20 2021 | 7:47 AM IST