Sensex ends choppy day 49 pts down; DreamFolks rallies 42%; pvt banks weak

DreamFolks Services made a strong stock market debut as its shares got listed at Rs 508.70, a 56 per cent premium over its issue price of Rs 326 per share on the National Stock Exchange (NSE)

3:26 PM

Kalpataru Power surges 9% on securing orders worth Rs 1,345 crore

Shares of Kalpataru Power Transmission (KPTL) surged 9 per cent to Rs 440 on the BSE in Tuesday’s intra-day trade after the company & its international subsidiaries secured new orders / notification of awards worth Rs 1,345 crore.

 

The company received orders in India and overseas market in the transmission & distribution (T&D) business. The orders are also for pipeline laying works and for metro rail electrification in India (Secured in joint venture / consortium). READ MORE

3:16 PM

Adani Power to start exporting electricity from India to Bangladesh

The project underscores India’s push to use infrastructure as part of its diplomatic outreach to neighbors. Adani -- Asia’s richest person controlling a business empire spanning ports, infrastructure and energy -- is also involved in investments in Sri Lanka. READ MORE

3:02 PM

IPO WATCH | Tamilnad Mercantile offer fully subscribed on day 2 led by retail investors

2:53 PM

Metal stocks soar on report govt may cut steel export duties

Govt reviews export duties on steel & iron ore

Govt examining a proposal to go for a calibrated reduction of export duties on steel, reports CNBC-TV18

2:44 PM

New milestone: Demat accounts surpass 100 million for the first time

The tally was less than 41 million before Covid-19 pandemic. Read here

2:36 PM

NMDC in focus: Reports say govt may not withdraw export duty on iron ore

 

 

2:24 PM

Will join Russia oil cap coalition when alternative supply is ensured: Govt

India has said it will consider backing the price cap on Russian crude oil proposed by the US only when it will be assured of supplies from Venezuela and Iran. Read more

2:13 PM

Reliance on a buying spree to achieve its renewable energy goals

In AGM 2022, Ambani said that they would "accelerate" the company's commitment to investing Rs 75,000 crore towards establishing a New Energy manufacturing ecosystem in Jamnagar. Read more

2:03 PM

European markets mixed in early deals

1:51 PM

BSE 500:: Volume Shockers

Hatsun Agro has witnessed unusually high volume of around 27.22 lakh shares on the BSE so far as against its five-day average volume of around 1,800-odd shares. Similarly, Syngene International, Chola Financial, Marico and M&M Financial Services have also witnessed a significant spike in volume on Tuesday.

1:43 PM

Defence sector firms set for gains as India pushes indigenous manufacturing

A strong June quarter performance, expansion of indigenisation list, the potential for higher exports, and valuations are positive triggers for listed defence sector companies. Their stocks were rerated over the last year, with Bharat Electronics and Hindustan Aeronautics rising 68-72 per cent and Bharat Dynamics doubling over this period. READ ANALYSIS

1:34 PM

Nomura raises India's CAD estimate on fears of slowdown in export

Research house Nomura expects CAD as a share of the gross domestic product to triple this fiscal year, saying that a global economic slowdown will further skew the country's trade imbalances. READ MORE

1:22 PM

Tata Motors, Ashok Leyland, Eicher eye up to 17% gains, charts show

Tata Motors' stock gained 161 per cent in 2021, and reached its new 52-week high of Rs 536.70. However, the stock has been tepid so far in 2022 and seen testing the 200-DMA. READ MORE

1:12 PM

GMM Pfaudler hits 52-week high; up 26% in 1 week on strong growth outlook

The strong growth is expected owing to the increasing market size, investments, and exports in the pharmaceuticals, specialty chemicals, and agrochemical industries in the next 5 years. READ MORE

1:03 PM

Sugar stocks log strong gains:: Shree Renuka soars 8%

Shree Renuka Sugars has soared over 8 per cent. Balrampur Chini, Triveni Enggineering, Dwarikesh Sugar and Dhampur Sugar were the other major gainers, up 3-5 per cent each.