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

9:32 AM

Torrent Power to acquire Solapur Transmission Plant; stock holds gains

>> The company will acquire Solapur Transmission for Rs 7 crore from PFC to establish a transmission system for the evacuation of power from renewable energy projects in Maharashtra.

9:29 AM

Avenue Supermarts rises 3% on CLSA's 'Buy' call

>> Global brokerage CLSA has initiated coverage on Avenue Supermarts with 'Buy' rating and a target price of Rs 5.107

9:26 AM

TVS Motor gains around 1% on Board's nod to issue preference shares

>> Its board has approved a scheme of arrangement between the company and its shareholders, where it will issue cumulative non-convertible redeemable preference shares of up to Rs 1,900 crore by way of bonus. The bonus ratio is 4 preference shares for every 1 equity share held as of record date.

9:23 AM

Wipro appoints Anne-Marie Rowland as Capco CEO; stock up 1.5%

>> Wipro has appointed Anne-Marie Rowland as Capco’s chief executive officer (CEO). Currently the managing partner of Capco’s business in the UK and Ireland, Rowland will take over as Capco’s CEO from April 1, 2024.

9:21 AM

ALERT :: Broader markers swim in green; Mid, SmallCap indices outperform

9:20 AM

Sectoral trends :: Metals, PSBs lead broad-based gain on D-St

9:19 AM

Sensex Heatmap :: 29 of 30 index stocks surge; Tata, JSW Steel gain up to 2.7%

9:18 AM

Opening Bell :: Nifty reclaims 22,000

9:17 AM

Opening Bell :: Sensex zooms nearly 550 pts in early deals

9:11 AM

Pre-Open Session :: Nifty tests 22,000

9:09 AM

Pre-Open Session :: Sensex rallies over 400 pts

9:05 AM

Commodity check :: Gold hits record high on MCX

9:04 AM

Currency check :: Rupee opens at 83.08/$ Vs Wednesday’s close of 83.17/$

8:49 AM

Democratising equity market is all about digitisation, says Sebi chief Buch

Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch on Wednesday said that democratising the equity market is all about digitisation and enabling easy entry and exit for small investors.

Delivering her address at The Rising Bharat Summit 2024, Buch said that in a large part of any industry, product or service, there are many people who encourage someone to enter. However, the question one needs to ask is whether they have equal access and as much service when they wish to exit. Read more

8:47 AM

Rubber price rise, demand woes could lead to derating of tyre companies

The margins of tyre manufacturers could come under pressure given the rise in rubber prices and the moderating demand for tyres.

In the past three quarters, the revenue growth for listed tyre companies has moderated from low to mid-single-digit on account of factors such as lower demand in replacement segments, weak export markets and the decline in the average selling prices to car makers (OEMs). Read more