US Fed decision powers 540-pt rally in Sensex; broader indices jump over 2%

Stock market highlights on March 21: In the broader markets, the rebound was steeper with the BSE MidCap and SmallCap indices closing 2.3 per cent and 2 per cent higher, respectively

11:33 AM

India's March business activity ends fiscal year on strong note: HSBC PMI

"Led by the strongest manufacturing output in nearly three-and-a-half years, the composite output index rose quickly," said Pranjul Bhandari, chief India economist at HSBC. READ MORE

11:22 AM

India block trades raise $7.1 billion, headed toward best qtr in 14 yrs

ndia’s equity capital markets have been running hot for the past year as its stocks climb to record highs and foreign investors pile in amid a rotation away from China, which has been mired in an economic slowdown. More foreign inflows are likely to come after the nation’s general elections starting next month, with the country’s growth prospects acting as a catalyst. READ MORE

11:10 AM

IPO activity to see spillover effect from mid, smallcap weakness: Analysts

Calendar year 2023 was a tepid year for fundraising via the IPO route as 57 Indian corporates raised Rs 49,434 crore through mainboard offers, 17 per cent lower than the Rs 59,302 crore mobilised by 40 IPOs in 2022, report from PRIME Database suggests. READ MORE

10:56 AM

Buzzing Stock :: Shiva Cement soars over 12% on report Sajjan Jindal is eyeing stake

According to report:

>> Sajjan Jindal is looking for acquisition for JSW Cement expansion 

>> Note: JSW Cement is promoter of Shiva Cement, holds 60% stake 
 

10:46 AM

ALERT :: RailTel Corp wins order worth Rs 99 crore from State Project Director, Bihar

10:37 AM

Reits seek changes in regulations to get easier access to capital

“The top three on our agenda is to work closely with the RBI to get banks to lend to Reits, get clarity on equity classification and subsequent inclusion in indices to enhance liquidity. The third is investor education,” said Aravind Maiya, chief executive officer (CEO) of Embassy Reit and the chairperson of IRA. READ MORE

10:26 AM

This capital goods engineering company has zoomed 107% thus far in CY2024

In the past one month, the stock of Salzer Electronics soared 59 per cent after the company announced the building of a smart meter manufacturing facility in Coimbatore, India, to meet high demand. READ MORE

10:16 AM

ALERT :: Market at day's high; Sensex leaps 750 pts

10:14 AM

Comment :: Which sectors will benefit from FPI inflows?

The favourable global construct will have its positive impact on Indian markets.

The tug of war between FIIs and DIIs is being won by the DIIs for sometime now. This trend will continue if the FIIs continue to sell, and, therefore, FIIs are likely to slow down their selling and may turn buyers.

This will be positive for largecaps in banking, telecom, capital goods and automobiles.

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

10:01 AM

New Listing :: Krystal Integrated Services debuts at 11% premium

>> Stock lists at Rs 795 on the BSE, Rs 785 on NSE

>> Issue price was Rs 715 per share

9:54 AM

Market Check :: Top losers on the BSE at this hour

9:49 AM

Market Check :: Top gainers on BSE at this hour

9:38 AM

Wockhardt climbs 3% on QIP issue

>> The company has initiated a Qualified Institutional Placement (QIP) to raise funds, setting the floor price at Rs 544.02 per share

9:36 AM

Govt appoints NBCC as project mgt consultant; stock rises 5%

>> It has been selected by the govt to provide project management consultant services for construction of chancery-cum-residential complex at CGI, Jeddah.

9:34 AM

RVNL advances 3% on emerging lowest bidder for a railway project

>> The company has emerged as the lowest bidder for a railway project worth Rs 167 crore for Southeastern Railway.