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Monday, December 23, 2024 | 09:26 AM ISTEN Hindi

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Sensex rises 96 pts after range-bound trade; Pvt banks weak, IT strong

CLOSING BELL: Meanwhile, the rupee will fall further against the US dollar over the rest of the year, a Reuters poll showed. It slipped to a record low of 83.21 today, and ended at 82.75/$

Image SI Reporter New Delhi
Sensex, Nifty end flat after range-bound trade; Pvt banks weak, IT strong

10:56 AM

Glenmark Pharma gains 1% after it launches drug for Type 2 diabetes

10:48 AM

Indian markets set to post worst Samvat show in 7 yrs; smallcaps outperform

FPIs offloaded nearly Rs 2 trillion ($265 billion) in Indian equities during Samvat 2078, data shows. READ MORE

samvat, stock market, diwali, hindu calendar

10:40 AM

Tracxn Tech surges 25% on market debut, stock hits Rs 100-mark

Shares of Tracxn Technologies (Tracxn) jumped 25 per cent to Rs 100 as against its issue price of Rs 80 on the National Stock Exchange (NSE) after making a quiet debut on Thursday. READ MORE

bse

10:33 AM

BEL gains 2% Triton Electric Vehicle India issued LoA for Li-ion battery packs

10:14 AM

NEW LISTING :: Tracxn Technologies lists at 6% premium; what next?

>> Tracxn Technologies Limited has debuted at Rs.84.50 i.e. ~6% over its issue price. The company’s muted listing can be attributed to unexciting investor subscription levels, high valuation, and the OFS nature of the issue.

>> Due to the rising interest rates globally & recessionary conditions in major markets like North America & Europe the Private Equity Markets, Venture Capital markets, Investment Banks, and Family offices are witnessing a significant cutback in terms of activities and traction; additionally, M&A activities have been subdued.

>> Thus we believe that the company will find it difficult to substantially grow its client base and top line in the coming years.

>> Post-listing, investors must wait for a few quarters before deciding whether to invest or not for the long term. Those who applied for listing gains can maintain a stop loss of Rs.79.

Views by: Pravesh Gour, Senior Technical Analyst, Swastika Investmart 
10:09 AM

IndusInd Bank dips 6% on profit booking post September quarter results

The bank reported a healthy 57 per cent YoY growth in July-September standalone net profit to Rs 1,805 crore driven by a healthy rise in loan disbursement and net interest income. READ MORE

indusind bank

9:56 AM

COMMENT | Domestic inflows providing strength to markets

The recent 3 per cent rally has taken the Nifty to just 6 per cent below its 52-week high. This rally in a difficult global equity environment has surprised many, including the FIIs, who have slowed down their selling.

Sustained flows into mutual funds, particularly via the SIP route, is a major factor imparting strength to the market even in the context of negative global economic news.

So long as DIIs are flush with funds markets are unlikely to correct sharply. Fundamental support to the market is coming from the good Q2 numbers particularly from financials. This week is a results heavy week and most results from Nifty constituents are likely to be good.
 
The rising US bond yields and rising dollar are hitting all other currencies hard. This will continue to be a potential headwind for equity markets till US inflation starts showing a moderating trend.

Views by Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services 
9:50 AM

Havells falls 4% as Q2 profit declines 38% YoY

9:47 AM

Profit booking leads to 6% slide in Shoppers Stop after good Q2

9:43 AM

IndusInd Bank sinks over 3% despite strong Q2 nos

9:41 AM

BEL edges 2% up on bagging Li-ion battery order worth Rs 8,060 crore

Triton Electric Vehicle India, a part of Triton Electric Vehicle LLC, USA, has issued a letter of intent to the company for 300 KW Li-ion battery packs for its semi-truck project in India for Rs 8,060 crore. 
9:38 AM

Rallis India jumps 5% as Q2 profit rises 26% YoY

9:35 AM

SECTORS | Financials, Auto pockets lead sectoral losses

9:31 AM

BROADER MARKETS | Mid-caps underperform benchmarks

9:27 AM

NIFTY DRAGS | IndusInd Bank, Hindalco lead index losses

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First Published: Oct 20 2022 | 8:08 AM IST