Sensex ends 958 pts up at 59,885, Nifty tops 17,800; Realty index gains 9%

Stock market LIVE: Sectorally, all indices were trading positively, led by Nifty Realty

10:57 AM

ALERT :: Dish TV says it has not received any communication from Yes Bank for holding an EGM

10:49 AM

Coal India hits 52-week high; stock rallies 27% in one month

Shares of Coal India hit a 52-week high of Rs 170, up 5 per cent on the BSE in Thursday’s intra-day trade on improved outlook. The stock of the country’s largest coal producer surpassed its previous high of Rs 164.90 touched on June 11, 2021. In the past one month, the stock has rallied 27 per cent, as compared to a 7 per cent rise in the S&P BSE Sensex.  READ MORE

 

10:42 AM

ALERT :: Price Waterhouse resigns as statutory auditors of IDFC

>> Khimji Kunverji & Co LLP has been appointed as the Statutory Auditors of IDFC

10:28 AM

Freshworks m-cap crosses $13 bn; over 10% employees turn 'crorepatis'

With the market capitalisation of Freshworks crossing over $13 billion on its debut day at Nasdaq Stock Exchange, around 500 employees or around 12 per cent of the company’s total staff strength of around 4,300 have become ‘crorepatis’ in India and more interestingly over 70 of them are below the age of 30 years. READ MORE 

10:14 AM

This Jhunjhunwala owned hotel stock has rallied 32% so far in September

Shares of Indian Hotels Company (IHCL) hit a fresh record high of Rs 185.05, on ralling 7 per cent on the BSE in Wednesday’s intra-day trade on hopes of business revival following unlocking of the economy and pick-up in travel. The stock is trading higher for the fourth straight day, surging 24 per cent during the period. READ MORE

10:12 AM

ALERT :: Sensex extends gains, up 560 points

>> The benchmark is trading at the day's high

10:10 AM

Tejas Networks selected by Bharti Airtel to enhance its optical network capacity in key metropolitan markets

>> Tejas will supply, install and support its products for extending Airtel’s optical networks towards the edge, supporting 5G backhaul, B2B services and broadband applications

>> The enhanced capacity will enable Airtel to deliver a superior experience to its customers as data consumption in India grows rapidly
 

9:59 AM

Bajaj Finserv crosses Rs 18,000 mark; at new high

9:58 AM

Nifty Realty rises nearly 6% led by DLF, Godrej Properties

9:46 AM

MARKET VIEW | V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

The ferocity of the ongoing bull run is evident from the response of the US market to the Fed announcement. The Dow, Nasdaq and S&P 500 spiked around 1% when the Fed indicated that "moderation in the pace of asset purchases may soon be warranted". This bullish response to a mildly hawkish Fed is surprising but indicative of the strong bullish undercurrent. The Fed has not given any timeline for tapering but it can be expected to begin as soon as November this year and a rate hike in 2022 looks a clear possibility.

 

The confusion even among smart money is evident in the off and on nature of FII and DII investment with FIIs turning sellers ( Rs 1943 cr) and DIIs turning buyers (Rs 1850 cr) in the cash market yesterday - a reversal of their position a day ago.

 

Meanwhile, the Evergrande crisis appears to be receding as of now. This bull market has been easily climbing all walls of worries surprising even diehard bulls. Now, we don't know how long the party will go on.

9:39 AM

Godrej Properties rallies further, hits new 52-week high

The company on Wednesday had said that it achieved sales of Rs 575 crore in a single day at the launch of the second phase of its project Godrej Woods in Noida

9:36 AM

Jubilant Ingrevia rises 2% as subsidiary to divest stake in Safe Foods Corp

>> Its subsidiary Jubilant Life Sciences International Pte Ltd has divested its 10 per cent stake in Safe Foods Corporation for a consideration of USD 18.2 million (around Rs 134.2 crore).

9:34 AM

Sarda Energy & Minerals jumps 4% on approval of provisional tariff

>> Chhattisgarh State Electricity Regulatory Commission has approved a provisional tariff for the 113 MW hydropower project of subsidiary Madhya Bharat Power Corporation, considering 85% of the cost of the project incurred as of March 2021 with return on equity of 15.5 per cent per annum.

9:32 AM

Voda Idea rises 3% as firm to approach board for fundraising

>> The company will seek board approval afresh to raise funds after the government issues detailed guidelines on telecom reform measures, and its promoters will get a chance to participate in the fundraising round, a top company official said on Wednesday.

>> Vodafone Idea MD and CEO Ravinder Takkar told PTI that the company is gearing up to invest in the business and compete in the market.

 

9:30 AM

Zee Entertainment extends gains, hits fresh 52-week high

>> The merger of Zee Entertainment Enterprises with Sony Pictures Network India (SPNI) will see the former's promoters get an additional 2 per cent stake as part of a non-compete agreement, while the appointment of Punit Goenka as MD and CEO of the merged entity was an "integral" part of the deal, Zee investors were informed on Wednesday.