Indices fall for 5th day; Sensex dips 38pts, Nifty at 17K after choppy day

CLOSING BELL: Among sectors, defensives rose in trades today with the Nifty IT, FMCG, and Pharma indices advancing between 0.6 per cent and 0.9 per cent

3:05 PM

Bharat Gears trades ex-date for 1:2 bonus; stock zooms 20%

The management is cautiously optimistic of growth in Indian markets for automotive components, agricultural machinery and construction equipment. READ MORE

2:59 PM

As dollar eases, pound rises by 1% as traders turn to BoE response

As the dollar eased, the pound rose 1% in Asia to $1.0805 and is up nearly 5 per cent from Monday's low at $1.0327. The kiwi also rose 1 per cent, its first gain in seven sessions, the euro rose 0.5 per cent. READ MORE

2:44 PM

BSE 500:: Mahindra CIE, Sterlite Tech, Lemon Tree Hotel among volume shockers

Mahindra CIE has witnessed unusually high volume of around 8.9 lakh shares on the BSE so far as against its five-day average volume of around 63,000 shares. Similarly, Sterlite Technologies, Lemon Tree Hotel, Allcargo Logistics and Power Finance Corporation also witnessed a significant spike in volume on Tuesday.

2:44 PM

BSE 500:: Mahindra CIE, Sterlite Tech, Lemon Tree Hotel among volume shockers

Mahindra CIE has witnessed unusually high volume of around 8.9 lakh shares on the BSE so far as against its five-day average volume of around 63,000 shares. Similarly, Sterlite Technologies, Lemon Tree Hotel, Allcargo Logistics and Power Finance Corporation also witnessed a significant spike in volume on Tuesday.

2:36 PM

NEWSALERT:: Govt appointed panel to review gas prices seeks more time

According to reports, the panel appointed by government to review gas prices has sought more time

2:32 PM

Global Check:: US stock futures up over 1%; UK hold steady gains

Source: Investing.com

2:18 PM

Just In:: HFCL announces establishment of Grenfield Facility for manufacturing of Polymer Compound

HFCL has established a state-of-the-art Polymer Compounding facility as backward integration at its Hosur plant in Tamil Nadu for manufacturing of Polyolefin based compounds of various grades and colours which are required as raw material for manufacturing of Optical Fibre Cables. 

2:08 PM

BSE 500:: Top losers so far in the day

Varun Beverages slipped over 4 per cent and was the top loser among the BSE 500 stocks so far. Tube Investments, Can Fin Homes, Shilpa Medicare and Vakrangee were the other noteable losers.

1:58 PM

Global Check:: China rallies over 1%; other major markets hold marginal gains

Source: Yahoo Finance

1:49 PM

Tata Steel erases post merger gains; slips 7% in two days to hit 2-month low

Shares of Tata Steel hit a two-month low of Rs 96.55 on slipping 3 per cent on the BSE in Tuesday’s trade. The stock has fallen 7 per cent in the past two trading days. READ MORE

1:40 PM

BSE 500:: Top gainers so far

GE Shipping soared 7 per cent was the top gainer among the BSE 500 stocks so far on Tuesday. It was followed by Allcargo Logistics, Aster DM Healthcare, Indraprastha Gas and Mahanagar Gas.

1:31 PM

S&P to include hacking risks in credit rating of Asia-Pacific banks

Apart from creating direct monetary losses, data breaches can damage the reputation of a bank and hit its credit profile. In jurisdictions where the entire industry suffers serious data breaches repeatedly, or where regulators are particularly lax, negative ratings momentum could result, the agency added. READ MORE

1:23 PM

MARKET CHECK :: Sensex rises nearly 300 pts

1:14 PM

NITI Aayog-led $1 billion fund for two-, three-wheeler EV financing soon

Currently, loans for electric two-wheelers and three-wheelers attract 20-25 per cent interest per annum. Earlier, the State Bank of India (SBI) was considered to be the programme lead. However, it withdrew from the deal after due diligence. READ MORE

1:06 PM

Crude outlook :: Where will oil prices head after OPEC+ meeting?

Crude oil prices are showing signs of stabilizing after the swift decline towards a nine-month low with markets considering the prospects of further action by the OPEC+ members at their Oct. 5 meeting, as the oil cartel hinted at their discomfort with declining crude prices. Softening of the dollar index and uncertainty over a price cap being imposed by the EU on Russian oil are also underpinning crude oil prices. We foresee prices to witness recovery towards $80 a barrel for WTI while for Brent, prices look to rebound towards $87 a barrel.

Views by: Sugandha Sachdeva, Vice President - Commodity and Currency Research, Religare Broking