Sensex, Nifty end flat after volatile day; Metal index up 2%, RIL down 1.5%

CLOSING BELL: RIL (down 1.45 per cent), Tech M, Dr Reddy's Labs, Bharti Airtel, Axis Bank, and TCS were the top laggards

10:35 AM

MARKET CHECK :: Sensex sinks over 300 pts

10:22 AM

TVS Motor dips 3% after 2.6 million shares change hands on BSE

Shares of TVS Motor Company dipped 3 per cent to Rs 1,017 on the BSE in Monday’s intra-day trade on the back of heavy volume. 

In the month of November, TVS Motor registered a 2 per cent year-on-year (YoY) growth in its total sales at 277,123 units, against 272,693 units in the same month last year. Read here

10:12 AM

Listed real estate majors home in on market-share gains, price hikes

 In addition to maintaining growth, listed realty players are gaining market share and raising prices, offsetting some of the pressure from higher interest rates and rises in input costs. READ MORE

10:00 AM

Gold needs to conquer Rs 53,600 hurdle; Silver likely to target Rs 71,350

While Silver futures have given a strong buy signal on multiple time-frames, Gold futures need to clear its immediate hurdle zone for a stronger rally to emerge. READ MORE

9:50 AM

COMMENT :: 'Mid and small cap rally is likely to gather momentum'

The better-than- expected US job numbers in November were surprisingly ignored by the market with the S&P 500 ending flat. This message from the market indicates that the Fed is unlikely to reverse its well telegraphed slower pace of tightening. The market doesn’t see the terminal rate going above 5%. In India there are signals that this is a market trending higher, in spite of the high valuations. The upcoming MPC decision and more importantly the RBI’s message will be keenly awaited by the market. The mid and small cap rally is likely to gather momentum.

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

9:40 AM

Angel One falls 3% as gross client acquisition drops 6% MoM

9:38 AM

Dilip Buildcon advances over 2% on order win worth Rs 702 crore

9:37 AM

M&M Financial Services up 1% as disbursements grew 75% YoY in November

In November 2022, the business continued its momentum with disbursement of approximately Rs.4,500 crores delivering a 75% Y-o-Y growth. The YTD disbursement at approximately Rs. 31,050 crores registered a Y-o-Y growth of 99%.

Healthy disbursement trends have led to a strong gross asset book of approximately Rs. 76,300 crores, growing ~3.4% over September 2022. This has resulted in growth of ~17.5% vs March 2022.

The collection efficiency (CE) was at 96% for November 2022, against CE of 94% for November 2021. READ MORE
 

9:34 AM

Rainbow Children's Medicare falls 2% as 15% equity changes hands

About 1.54 cr shares (15% equity) worth Rs 1,119 cr change hands at Rs 742/sh

9:30 AM

Hatsun Agro gains over 2% on Board's nod to Rights Issue

The company ‘s board has approved rights issue up to Rs 301 crore, by way of issue of around 71.85 lakh equity shares. The company has set the rights issue entitlement in 1:30 ratio, i.e. one share on rights for every 30 shares held by a shareholder. 

9:26 AM

BSE SmallCap index gains 0.6% led by Bajaj Hindustan Sugar, RACL Geartech

9:25 AM

BSE MidCap index outperforms, rises 0.23%

9:24 AM

Broader markets mixed :: Sensex 50, Next 50 indices in the red

9:22 AM

Sectoral Trend :: FMCG, IT slide; Metals rally

9:20 AM

Sensex Heatmap :: Index extends slide; HUL, TCS, HDFC top laggards