Sensex ends choppy day 242pts up, Nifty near 21,350; realty, IT stocks soar

Closing Bell on Friday December 22: The BSE MidCap and SmallCap indices outran the benchmarks with 0.74 per cent and 1 per cent gains, respectively

10:51 AM

Rail infra to power: Investment trends likely to play a vital role in 2024

Overall, the Nifty 50 has gained 18.30 per cent and the S&P BSE Sensex gained 17.22% per cent in the current year so far. The year has seen a rally in mid-and small-cap stocks and a historic number of IPOs. Read

10:39 AM

All about profit booking, picking blazers: Top personal finance stories

Amid the surge in the Indian equity market this year, particularly in the mid- and small-cap segments, numerous investors are contemplating profit booking. The challenge lies in finding the right equilibrium between market trends and individual financial objectives. Read

10:24 AM

ALERT :: Polycab slides 2% on report of I-T searches at 50 offices

>> Report says I-T dept is conducting searches at 50 locations pan India of Polycab

10:12 AM

LIC hits 19-mth high, up 7% on getting 1-time exemption to achieve 25% MPS

Shares of Life Insurance Corporation of India (LIC) hit a 19-month high of Rs 820.05 as they rallied 7 per cent on the BSE in Friday's intraday trade supported by heavy volumes, after the Finance Ministry gave the company a one-time exemption from the 25 per cent public shareholding rule. Read

9:54 AM

Comment :: 'Lot of froth in mid, smallcap segments'

The market signal is that Wednesday's sharp correction was a one-day event and not a reversal of the uptrend.

The global cues continue to be favourable with the dollar index below 102 and the US 10-year bond yield hovering around 3.9%.
 

The concern in the market now is the excessive valuations in the mid and small cap segments. Retail exuberance and sustained flows into the mid and small cap mutual funds are driving this rally, which has slipped into a frothy zone.

This broader market rally cannot continue for long. Safety is as important as returns.

Undoubtedly safety is in large caps now. Going forward, large caps are likely to outperform mid and small caps.

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

9:41 AM

Allcargo Logistics surges 7% as Board approves biz restructuring

>>  The boards of Allcargo Logistics and Allcargo Gati on Thursday approved restructuring of businesses. 

>> As per the scheme, International Supply Chain (ISC) business will be demerged into a separate entity -- Allcargo ECU Ltd. 

>> Allcargo Gati climbs 4%

9:38 AM

Tata Motors DVR rises 2% as NSE, BSE issue NOC for delisting

>>  The BSE and NSE have approved the cancellation of ‘A’ ordinary shares (DVR) of Tata Motors and allot ordinary shares.

>> Exchanges also approved the scheme of arrangement for this between the company, shareholders and creditors. 

9:37 AM

Zomato trades higher on denying Shiprocket buyout reports

>> We deny this statement and would like to caution investors against such incorrect news


> We remain focused on our existing businesses with no plans for any acquisition at this moment.

>> We are clarifying this information out of abundant caution, given the large size of the deal mentioned in the news article and the uncertainty that it may create in the market.
 

9:34 AM

IIFL Finance sinks 6% post large block deal

>> Roughly 24 million shares (6.5 per cent equity) changed hands at Rs 555

9:32 AM

RailTel gains 3% on order win worth Rs 67 crore

>> The company has won an order worth Rs 66.8 crore from N F Railway Construction for supply, installation, testing & commissioning of Integrated Tunnel Communication system, Emergency Call Arrangements in Tunnels & IPIS at Stations in Bhairabi- Sairang New Single line Section of Lumding Division.

9:29 AM

LIC leaps 5% as Govt grants 10-year time period to meet min public shareholding criteria

>>  State-owned LIC said the Finance Ministry has given it a one-time exemption from the 25 per cent public shareholding rule

>> It has received an extension of 10 years and would need to meet the criteria by May 2032.

9:26 AM

Adani Green holds gains in subdued market; Adani family to inject $1 bn in co

>> Gautam Adani and his family plan to inject $1 billion into the conglomerate’s renewable energy unit, reported Bloomberg. 

9:24 AM

SmallCap Heatmap :: Index outperforms, advances 0.9% in early deals

9:22 AM

MidCap Heatmap :: Index gains 0.5%; Piramal Ent, SAIL, Supreme Ind climb up to 3.5%

9:21 AM

Sectoral trends :: Nifty Bank, FMCG indices start lower