Sensex, Nifty end flat post lackluster trade; Syrma soars 42%, Titan 3%

CLOSING BELL: It was a range-bound trade on the bourses on Friday as investors awaited US Fed chief Jerome Powell's address at the Jackson Hole Symposium later tonight

1:37 PM

MARKET CHECK :: Sensex exhibits lackluster trade

1:30 PM

Mahindra Lifespace crossed $1 bn m-cap, proved sceptics wrong: CEO

The milestone has vindicated the Group's entry into the real estate sector, he said. Mahindra Lifespace Developers Ltd is the real estate arm of the Mahindra Group. It is listed on stock exchanges. READ MORE
 

1:19 PM

Market value of FPI holdings to investment at 3x: Motilal Oswal

According to an analysis by Motilal Oswal, FPIs have made a cumulative investment of $191 billion in domestically-listed companies over the past three decades. Their value of holdings is currently at $578 billion. At the peak, the value of their holdings had climbed to $677 billion in FY22. READ MORE

1:11 PM

Eicher Motors sinks 3% as CFO Arunachalam tenders resignation

Arunachalam's resignation from the autombile major follows a series of management exits from the company over the last few years. READ MORE

1:00 PM

Titan hits over 4-month high on expansion plan; stock zooms 11% in 1 month

As per media reports, Titan is planning to take its jewellery brand Tanishq to the US and other West Asian markets as part of its long-term strategy to tap into the demand from large Indian diaspora and Non-Indian Resident (NRIs) communities. READ MORE

12:50 PM

High cotton prices to spoil apparel stocks' outlook in near-term: Analysts

Extreme weather conditions, coupled with lower crop yield, have triggered a sharp rise in cotton prices. So far in the month of August, the prices of this commodity have surged over 11 per cent to Rs 50,600 per bale from Rs 45,297 per bale. READ MORE

12:37 PM

ALERT :: Lupin gets UK MHRA nod for Tiotropium Bromide inhalation powder

12:26 PM

Nifty PSU Bank index can rally up to 13%; check top stock picks

Among individual stocks, Union Bank of India has zoomed 3 per cent; while Bank of Baroda and Indian Bank were seen holdings gains of 2.5 per cent gains each on Friday. All the constituents of the Nifty PSU Bank Index were trading in green, up more than a per cent each. READ MORE

12:16 PM

India's outbound deal value at $7.6 billion, rises for third year in a row

The total $7.6 billion in outbound M&As represents the third straight year of rising deal value, reveals data from tracker Refinitiv — a part of the London Stock Exchange Group tracking such transactions internationally. The government announced a move on Monday to ease overseas investments. READ MORE

12:01 PM

How China plans to spend $1 trn on infrastructure to boost economy

Beijing is making 6.8 trillion yuan (about $1 trillion) of government funds available for construction projects, according to Bloomberg calculations based on official announcements. Total spending could be even higher than that — three times that amount, by some estimates — once bank lending and corporate funds are added. READ MORE

11:50 AM

Fertiliser stocks are shining; and there's more to the rally, say experts

Fertiliser stocks have been on a run since the past few weeks and analysts believe there could be more legs to the rally in the weeks ahead, in the backdrop of positive global and domestic cues. READ MORE

11:49 AM

BROADER MARKETS | Small-caps, mid-caps hold firm gains; outperform benchmarks

11:38 AM

Adani makes Rs 31K-cr open offer to buy 26% stake in ACC, Ambuja Cements

Adani group has launched its Rs 31,000-crore open offer to acquire 26 percent additional stake from the public shareholders of Swiss firm Holcim's two Indian listed entities ACC and Ambuja Cements. Read here

11:28 AM

COMMENT | Market has discounted hawkish Fed; economy trends more crucial to watch

Even though markets are focused on what the Fed chief Jerome Powel will say at Jackson Hole today, his comments are unlikely to trigger a market trend.

Market knows, and has discounted, a hawkish Fed. More important will be the trends in the economy like the employment numbers.

On this front, there is optimism like the latest US unemployment claims which have come lower than expectations.

This indicates a tight labor market and strong economy. In brief, the  possibility of a soft landing for the US economy is increasing. This is good news for the market.

 

Back home in India yesterday's 200 point correction from the peak in Nifty is due to expiry issues. This remains a 'buy on dips' market for the near term. Bank Nifty appears to be the strongest segment."

Views by V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

11:13 AM

MARKET CHECK | Sensex off day's high