Sensex zooms 1,241 pts, Nifty tops 21,700 as RIL soars 7%, Tata Motors 3.5%

Stock market highlights on Monday, January 29: Tata Motors (up 3.7 per cent), Power Grid, L&T, NTPC, Kotak Bank, Ultratech Cement, Titan, Sun Pharma, Axis Bank, and HDFC Bank were other top gainers

2:12 PM

Earnings ALERT:: Bharat Electronics Q3 net rises 49%; stock up 1%

Bharat Electronics posted a 49.2 per cent growth in Q3 net at Rs 893.30 crore for the quarter ended December 2023 when compared with Rs 598.77 crore in the corresponding quarter a year ago. Revenue from operations were up 4.1 per cent YoY at Rs 4,359.84 crore.

2:00 PM

CEAT eyes opportunity in replacement tyre market growth fuelled by PV sales

Tyre maker CEAT Ltd is looking to cash in on the growth of passenger vehicles sales in India, which will boost demand in the replacement market going forward, according to the company Managing Director & CEO Arnab Banerjee. READ MORE

1:49 PM

Fund Pick: Franklin India Flexi Cap Fund is a diversified outperformer

The fund aims to provide capital growth to investors through a diversified portfolio of equities, fixed-income securities, and money market instruments. READ MORE

mutual funds

1:37 PM

Earnings ALERT:: Adani Green Q3 net soars 148%; stock up 4%

Adani Green Energy today reported a 148.5 per cent surge in Q3 consolidated net at Rs 256 crore for the quarter ended December 2023 when compared with Rs 103 crore in the corresponding quarter a year ago. Total income grew 18.6 per cent YoY to Rs 2,675 crore.

1:25 PM

Optimistic about overall growth prospects, good demand ahead: Pidilite MD

Pidilite, which passed on the benefits of lower-cost prices to consumers, does not see any disruption in the supply chain from the geopolitical crisis, which is brewing in the Middle East. READ MORE

1:15 PM

Adani Ports, Power: Charts suggest up to 23% upside for these Adani stocks

A year after the damaging report by US-based Hindenburg Research had sent Adani Group shares scurrying for cover, the Gautam-Adani led firm shares have recouped significant losses, and the Group has gained over 100 per cent in market capitalisation from its February 2023 low. Read

1:00 PM

Reliance Industries hits new high as stock rallies 4%; m-cap tops Rs 19 trn

Reliance Industries' (RIL) market capitalisation (m-cap) crossed Rs 19-trillion mark on Monday, January 29, as the stock price of the country's most valued company rallied 4 per cent to hit a new high of Rs 2,813.10 on the BSE in the intraday trade. Read

12:46 PM

Budget 2024: A glance Budget 2023 announcements for agriculture sector

Budget 2024: Finance Minister Nirmala Sitharaman will present the Interim Budget for the financial year 2024-25 (FY25) on February 1, marking the second Interim Budget presentation by the Bharatiya Janata Party (BJP)-led government. Read

12:31 PM

Analysts downgrade SBI Card as poor asset quality, rising costs bite in Q3

Most analysts have downgraded the stock of SBI Cards and Payments (SBI Card) to either 'Reduce' or 'Neutral' as the credit card issuer posted weak results during the December quarter (Q3) of financial year 2023-24 (FY24). Read

12:16 PM

Check: Market at day's high, soars nearly 1000 pts

12:01 PM

Zerodha users face service disruption for third time in 3 months

Zerodha, a prominent trading platform, experienced a service disruption on Monday, leaving users frustrated as they encountered difficulties accessing their account information, including holdings and trades. Read

11:49 AM

Adani stocks fire up: Adani Enterprises, Adani Energy, ATGL surge up to 7%

The sharp rally comes after brokerage Cantor Fitzgerald initiated coverage on Adani Enterprises, the group flagship company, with an "overweight" rating and a price target of Rs 4,368. Read

11:29 AM

Mid, Smallcap indices stay afloat in a choppy January; analysts cautious

The S&P BSE Midcap and the S&P BSE Smallcap indices have managed to stay afloat in a volatile January that saw the frontline indices hit their respective 52-week high levels and then slip.
 

While the S&P BSE Sensex has lost over 2 per cent thus far in January, the S&P BSE Midcap and the S&P BSE Smallcap indices have gained nearly 2.5 per cent and 4 per cent, respectively during this period.

11:15 AM

Chart view: Stocks most bought and sold by mutual funds in last 5 months

Cash levels for large and mid-cap schemes have already dropped to February 2022 lows, while small-cap cash levels are dropping sharply and now marginally below the long-term average, according to data analysed by brokerage Elara Securities. Read

11:04 AM

ALERT :: NSE website down for the past one hour; traders complain