Sensex rises 300 pts, Nifty tops 17,600 despite global weakness; PSBs lead

CLOSING BELL: Gainers outnumbered the losers on the frontline indices today, led by M&M, Bajaj Finance, SBI Life, Adani Ports, HUL, Bajaj Finserv, Nestle India, Eicher Motors, HDFC, ITC, and Infosys

SI Reporter New Delhi

stock market, markets, brokers, trading, nse, bse, sensex, nifty, rally, coronavirus, covid, lockdown

9:10 AM

PRE-OPEN SESSION | Nifty heading for a flat start

9:08 AM

PRE-OPEN SESSION | Sensex slips 100 points in pre-open deals

9:01 AM

CURRENCY ALERT | Rupee opens 6 paise stronger at 79.68/$

8:57 AM

FPIs infuse Rs 12k cr in Indian equities in Sep on hopes of slow rate hikes

FPIs turned net buyers in July after nine straight months of massive net outflows, which started in October last year. Read here

8:53 AM

Stocks on radar today: ACC, Ambuja, Adani Power, ONGC, Zomato, Hero MotoCorp

Transport & Logistics: Prime Minister Narendra Modi on Saturday launched the National Logistics Policy with an aim to promote seamless movement of goods and enhancing the competitiveness of the industry. The PM stressed on reduction in logistics cost as a crucial variable.

ACC, Ambuja Cements: Shares of cement firms are likely to be in focus on hopes of further consolidation in the industry. Meanwhile, soon after closure of the $6.4 billion transaction to buy Swiss major Holcim’s stake in Ambuja Cements by the Adani group, the boards of Ambuja Cements and its subsidiary, ACC, were reconstituted on Friday. Read here

stock market, markets, trading, nse, bse, sensex, nifty, rally, coronavirus, covid, lockdown

8:49 AM

ALERT | Anti-dumping duty on pneumatic radial tyre imports to continue for 3 years

Tyre stocks in focus: DGTR recommends continuing anti-dumping duty on pneumatic radial tyre imports from China for 3 years. Automotive Tyre Manufacturer's Association (ATMA) had filed application on behalf of MRF, Apollo Tyres, and JK Tyres for anti-dumping duty

8:45 AM

WATCH | Pain for IT stocks likely to worsen

8:42 AM

Inox Green Energy plans to launch Rs 740-cr IPO in next 30-45 days: CEO

Inox Green Energy Services, a subsidiary of Inox Wind, is planning to come out with its Initial Public Offering (IPO) by October this year to raise Rs 740 crore to fund its expansion plans. Read here