Sensex, Nifty end flat after volatile session; metal, energy stocks shine

CLOSING BELL: M&M, Tech M, Dr Reddy's Labs, Reliance Industries, HCL Tech, and Tata Steel were the top gainers on the 30-pack index

11:36 AM

BSE 500:: Top gainers so far

MRPL has soared 10 per cent on the back of rise in crude oil price and was the top gainer among the BSE 500 stocks on Tuesday so far. Network 18 Media, Strides Pharma, Medplus Health and GE Shipping were some of the other major gainers.

11:25 AM

Asian markets reverse day's losses; Hang Seng lags

source: finance.yahoo.com

11:15 AM

Vedanta turns to LIC for Rs 5,000 cr as offshore borrowing gets costlier

Fund to be raised via 10-yr bonds; another Rs 2K cr to come via 18-month papers. Read here

11:05 AM

MRPL, Chennai Petro soar up to 8% as crude oil prices rebound

MRPL, Chennai Petroleum and Hindustan Oil Exploration soared around 8 per cent each. Oil explorers - Oil India and ONGC also logged smart gains in an otherwise weak market. Read more

10:56 AM

India's first indigenous mRNA vaccine likely to be available soon

The Subject Expert Committee (SEC) has recommended granting the Emergency Use Authorisation (EUA) to the country's first mRNA-based Covid-19 vaccine in a meeting held on Friday. READ MORE

10:48 AM

Gold prices steady as investors await fresh impetus; dollar steady

Spot gold held its ground at $1,824.51 per ounce, as of 0246 GMT. U.S. gold futures were flat at $1,824.50. READ MORE

10:41 AM

Crypto view: Bitcoin next key support likely at $14,000

Bitcoin dipped marginally yesterday to fall below the $21K level. The trade volumes indicated a sell-off in the last couple of days. Meanwhile, Institutional investors withdrew over $450 million worth of BTC in the last week as reported Coinshares. This outflow of funds could spell out another fall in prices. The daily trend for Bitcoin continues to traverse within a descending channel pattern. The next key support is expected at $14,000. 

Views expressed by WazirX

10:30 AM

Zomato tumbles 14% in two days post Blinkit acquisition deal

The acquisition of Blinkit by Zomato Ltd. is expected to add to its woes of high operating losses, said analysts. READ MORE

10:21 AM

Auto stocks in fast lane; M&M surges over 3%

10:13 AM

Market view: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

>> Markets are trying to gauge the extent of the growth slowdown in the US, which is already underway. One view is that since the Fed policy will be data dependent, the Fed might go slow on rate hikes and QT if incoming data allows that. The decline in metal prices is a positive development from this perspective. But Brent crude again rising above $ 116 is a negative.

 

>> There are many headwinds for the recent rally to sustain.  FIIs will continue to sell at rallies. Therefore, investors need not rush in to buy the dips, particularly in mid-and small-caps. Systematic calibrated buying  in high-quality large-caps would be a better strategy now.

10:02 AM

Brigade Enterprises signs JDA for residential project in Chennai; stk up 6%

The Joint Development Agreement is for a large residential township development project at Perumbakkam, which is one of the fast-emerging residential hubs in Chennai. READ MORE

9:57 AM

Pain in realty stocks; Phoenix Mills, IB Realty down 2%

9:47 AM

Brigade Enterprises surges 3% after firm plans to build housing project in Chennai

9:43 AM

Bajaj Auto slips 2% as share buyback fails to cheer investors

The company intends to buy back 5.43 million shares, aggregating up to 1.88 per cent of its paid-up share capital via the open market at Rs 4,600 per share. READ MORE

9:36 AM

Future Retail falls nearly 3% after NCLT reserves insolvency order