F&O Expiry: Sensex drops 286 pts, Nifty holds 17,600; India VIX eases 2%

Stock Market LIVE: The HDFC twins and Bajaj Finance are the major contributors for the Sensex 30, while Reliance Industries, ICICI Bank, Asian Paints and Infosys are the key draggers

2:44 PM

IPO UPDATE :: AB Sun Life AMC subscribed 86% so far on Day 2

2:37 PM

Sensex down 300 points; RIL, ICICI Bank are major draggers

Reliance Industries and ICICI Bank are the major draggers, accounting for a fall of 108 points on the BSE Sensex. Kotak Bank, Asian Paints, Axis Bank and TCS are the other major laggards

2:34 PM

Medanta files DRHP with Sebi

>> Global Health Ltd (Medanta) filed draft red herring prospectus (DRHP) in connection with its initial public offering (IPO) with the Securities and Exchange Board of India (SEBI).

>> The IPO consists of fresh issue aggregating up to Rs 5,000 million and an offer for sale of up to 48,440,000 equity shares.

>> The Net Proceeds from the Fresh Issue are proposed to be utilised towards funding the following objects: (i) Repayment/prepayment of borrowings, in full or part, of the Subsidiaries, GHPPL and MHPL; and (ii) General corporate purposes.

2:24 PM

Realty shares witness selective buying; BSE Realty up 1.1% at 4,087

Select shares from the BSE Realty index have logged smart gains in intra-day trades so far. Brigade Eneterprises, Oberio Realty. SunTeck Realty and Phoenix Mills are up 3-5 per cent each.

2:24 PM

US stocks extend gains as volatile quarter nears end

U.S. index futures advanced and global stocks rebounded from a two-month low as a debt-ceiling deal in Washington and central-bank assurances about transitory inflation boosted optimism the economic recovery can continue. December contracts the S&P 500 Index rose 0.6 per cent as dip buyers returned to the equity markets after Tuesday’s worst selloff since May 12. The dollar fell from the highest level in almost 11 months. Treasury yields were steady. Asian stocks erased losses amid gains in China before a weeklong holiday.

 

Oil climbed after a two-day slump, heading for a monthly gain amid tighter supplies. West Texas Intermediate futures recaptured the level above $75 per barrel.

 

Source: Bloomberg

2:10 PM

Volatility Alert :: India VIX falls 3% to 18.31

1:55 PM

Oil mixed after U.S. inventories post surprise gain

Oil prices were mixed on Thursday as selling prompted by an unexpected rise in U.S. inventories eased, with analysts predicting supply may not keep up with a recovery in demand. Brent crude was down 8 cents at $78.56 a barrel, after falling 0.6% on Wednesday. U.S. oil rose 11 cents to $74.94 a barrel, having also declined by 0.6 per cent in the previous session.

 

U.S. oil and fuel stockpiles increased last week, the U.S. Energy Department's Energy Information Administration (EIA) said on Wednesday. Crude inventories were up by 4.6 million barrels in the week to September 24 to 418.5 million, EIA data showed. 

 

Source: Reuters

1:48 PM

Sensex heatmap | Top gainers & losers at this hour

1:37 PM

Diesel at record high, petrol nears all-time high as rates hiked again

Petrol and diesel prices on Thursday neared record levels across the country after rates were hiked by 25 paise and 30 paise a litre respectively. The price of petrol was hiked to Rs 101.64 a litre in Delhi and to Rs 107.71 per litre in Mumbai, according to a price notification of state-owned fuel retailers. Diesel rates increased to Rs 89.87 a litre in Delhi and Rs 97.52 in Mumbai. READ MORE

 

1:21 PM

Bears Return! Selling gathers pace, Sensex drops 250 points

1:14 PM

Crisil upgrades PNB's rating on Tier-I bonds to 'AA' from 'AA-'; outlook stable

1:00 PM

TATA STEEL gets Rs 1,275 cr from NatSteel Holdings stake sale

>> Proceeds from NatSteel Holdings stake sale to cut offshore debt

Source: Informist

12:49 PM

BHART AIRTEL :: 40 MW datacentre in Chennai to soon go live

>> To invest Rs 5,000 cr to triple data centre capacity by 2025

>> Huge internet penetration will take place in small towns

 

>> Will enhance power 3 times to 400 MW by 2025

>> Targeting data centres' building in next 4 years

Source: TV reports

 

12:42 PM

IPO Update :: Aditya Birla Sun Life AMC IPO subscribed 77% so far on second day of bidding

12:33 PM

TCS partners with MCX to transform the exchange's core systems & support future growth

>> TCS’ high availability, high performance solution will transform the trading as Well as post-trade functions at India's largest commodity derivatives exchange
 

>> TCS will design and deploy a cutting-edge, ultra-low latency, high availability, high resilience and highperformance solution that integrates multiple systems to transform MCX’s operations end to end