MARKET WRAP: Sensex tumbles almost 1,000 pts as Budget disappoints D-St

All that happened in the markets today

11:05 AM

NEWS ALERT | This budget is to boost income, enhance purchasing power: FM Sitharaman

11:03 AM

NEWS ALERT | FM Nirmala Sitharaman tables report of the 15th Finance Commission

11:03 AM

NEWS ALERT | FM rises to present the Union Budget 2020-21

11:00 AM

Market check

10:59 AM

Markets ahead of Budget 2020

10:57 AM

NEWS ALERT | Cabinet approves Union Budget 2020

10:57 AM

IRCTC up for seventh straight session; zooms 106% against listing price

IRCTC, the government-owned travel support services company, was trading at its highest level since market debut on October 10, 2019. The stock has zoomed 106 per cent against its listing price of Rs 644 on the BSE. Further, it has skyrocketed 315 per cent against its issue price of Rs 320 per share. READ MORE

10:57 AM

BROKERAGE RADAR | Edelweiss Securities on Tech Mahindra

We believe a revival in Communications and a steady performance in Enterprise driven by record deal-wins would be the key drivers of TECHM’s better-than-expected revenue growth ahead. Short-term pressure on margins notwithstanding, the company is set to deliver a strong FY21 in our view. The stock is trading at an attractive 13.8x FY21E EPS. Maintain ‘BUY/SP’ with a TP of Rs 940 (16x Q1FY22E EPS).

10:50 AM

Jan Auto Sales | Maruti Suzuki India :: Sold 154,123 units, up 1.6% YoY

>> Total domestic sales at 144,499 units, up 1.7% YoY

>> Total exports at 9,624, up 0.6%

10:41 AM

Budget 2020 :: Six major concerns that FM Sitharaman should address today

The Budget should have something for sectors such as agriculture and manufacturing, besides ways to push up demand. However, constraints such as bringing down fiscal deficit to 3 per cent of GDP in the next financial year in line with the papers laid under the Fiscal Responsibility and Budget Management (FRBM) Act come in the way. It is almost clear that the deficit will not be reduced to such an extent, or else the economy will struggle to recover. READ MORE

10:40 AM

MARKET UPDATE:: Sensex up 100 pts now

10:34 AM

Divis Lab hits new high as Andhra Pradesh unit gets zero USFDA observations

“The company's Unit-II at village Chippada, Bheemunipatnam district, Andhra Pradesh has had an inspection by the US Food and Drug Administration (US-FDA) from 27 January, 2020 to 31 January, 2020,” Divis Lab said in a BSE filing. READ MORE

10:29 AM

HUL gains over 2% as Q3 volume growth beats Street expectations; ITC flat

Hindustan Unilever (HUL) gained around 2 per cent on Saturday, a day after the company reported a volume growth of 5 per cent in the third quarter of the current fiscal (Q3FY20), ahead of analysts' estimates of 3-4 per cent. 

Other FMCG major ITC was trading flat with positive bias. The company on Friday reported a 29.03 per cent increase in consolidated net profit at Rs 4,047.87 crore for the third quarter ended December 2019. READ MORE

10:21 AM

NEWS ALERT | Union Budget 2020 documents brought to the Parliament

10:19 AM

S&P BSE MidCap index zooms 114 points ahead of Union Budget 2020