Mid, SmallCap indices sink up to 4% ahead of CPI inflation; benchmarks flat

Closing Bell on September 12, 2023: Among sectors, the Nifty Media index declined nearly 4 per cent, the Nifty Metal index nearly 3 per cent, and the Nifty PSU Bank and Auto indices up to 2.5 per cent

9:05 AM

Pre-open session:: Sensex up over 200 points at 67,335

9:04 AM

CURRENCY ALERT: Rupee opens 9 paise stronger at 82.94/$

8:57 AM

WATCH | Nifty hits 20k: What will be the next pit stop?

8:53 AM

Expansion, value unlocking key triggers for power producer NTPC's stock

The power sector is always strongly correlated to economic activity and is receiving its share of investor attention as India’s post-Covid-19 recovery continues.

 

India's leading integrated power producer, the public sector undertaking (PSU) NTPC controls around 25 per cent of India’s power capacity. It continues to increase installed capacity, in thermal as well as renewables (solar, wind, green hydrogen) and hydropower and pumped hydro, and also has backward integration into coal mining, and explored nuclear. READ

8:49 AM

Govt seeks sugar sales between May and August from mills, traders

Government has asked sugar mills, traders to provide details of all sales between May & August by today. 

 

It is seeking data of sugar stocks to ensure sufficient availability at reasonable prices, says Consumer Affairs Ministry.

Via CNBC-TV18

8:45 AM

Hindalco in focus: Novelis to supply Aluminum Beverage Can Sheet to Ball Corporation

Novelis has entered into a long-term agreement to supply Aluminum Beverage Can Sheet to Ball Corporation.

 

8:42 AM

Equity MF inflows hit 5-month high on record SIP run, easing outflows

The net inflows into active equity mutual fund (MF) schemes registered more than a twofold month-on-month rise in August, crossing Rs 20,000 crore, the highest in five months. This rise in net inflows was boosted by an 18 per cent growth in gross investments, driven by a record Rs 15,800 crore inflow through the systematic investment plan (SIP) route and Rs 5,000 crore collected by seven new fund offers (NFOs) in the active equity space, reveals data released by the Association of Mutual Funds in India (Amfi). READ

8:38 AM

Opinion: Why small and microcaps are rocketing

An extraordinary bullishness has gripped a segment of the Indian market. While the larger companies are merely chugging along, the stock prices of smaller companies are shooting up like wild weeds for the sixth month running. From early April, when the current rally started, the Nifty50 is up only 14.1 per cent while the Nifty500 has gone up 19.7 per cent. READ

8:34 AM

Bucking the emerging market trend: India mcap nears another peak

While New Delhi was in the global spotlight this past weekend as Prime Minister Narendra Modi successfully hosted world leaders at the G-20 summit, in Mumbai the stock market hit an all-time high valuation of $3.8 trillion. READ

8:30 AM

Tata Group needs to find substantial growth, ward off Ambani's Reliance

The Tata Group has denied speculation that it is in talks to buy a stake in snack-food maker Haldiram’s. That’s just as well. The 155-year-old Indian conglomerate needs to work up an appetite for something a little more substantial — and modern. READ

8:25 AM

India, UK explore possibility of shares listing at GIFT City and LSE

Under current regulations, Indian firms are not allowed to list directly on overseas exchanges. They can only list on foreign exchanges through instruments such as depository receipts. READ

8:21 AM

DIIs aid momentum: Buy Rs 366 crore of shares Monday

8:18 AM

FIIs propel Nifty to 20K on Monday with Rs 1,473 crore of inflows

8:14 AM

Nifty Fin Services, PSU Bank: Time to ride the bullish wave, suggest charts

The Nifty Financial Services Index is on the move, and the near-term charts are painting a distinctly bullish picture. Currently holding at 20,305.30, the index is poised for what could be an exciting journey ahead. READ

8:09 AM

Stocks to Watch, Sep 12: L&T, RIL, Lupin, Hindalco, TVS Supply, Power Grid

Larsen & Toubro (L&T): The company has raised its proposed buyback price to Rs 3,200 per share from Rs 3,000 earlier. At the revised price, the company shall be able to buyback a maximum of 3.12 crore shares, representing 2.22 per cent of the total equity.

 

Reliance (RIL): Private equity firm KKR to buy additional 0.25 per cent stake in RIL’s retail arm - Reliance Retail Ventures for Rs 2,069.5 crore, thus increasing its overall stake in the retail subsidiary from 1.17 per cent to 1.42 per cent. 

 

Steel stocks: India on Monday imposed an anti-dumping duty on some Chinese steel for five years, according to a government notification, following concern raised by the steel industry over potential dumping by Chinese sellers. READ MORE