MARKET WRAP: Sensex gains 95 pts, Nifty ends at 11,227; FMCG stocks advance

All that happened in the markets today

3:43 PM

SECTOR WATCH | Nifty FMCG index ends 1.34% higher

3:42 PM

MARKET AT CLOSE | Gainers and losers on the S&P BSE Sensex

3:36 PM

CLOSING BELL

The S&P BSE Sensex gained 95 points or 0.25 per cent to 38,068 levels while NSE's Nifty ended at 11,226.50, up 4 points or 0.04 per cent. 

3:26 PM

MARKET CHECK

3:17 PM

Garden Reach Shipbuilders jumps 13%

3:07 PM

Heatmap: S&P BSE Sensex gainers and losers at this hour

3:06 PM

Planning to buy gold? Fall in price opens up window for investors

Prices in the international market are still elevated as there was a $300 per ounce spurt in July and the subsequent fall was a little over $200 per ounce. This fall, however, is being seen as an opportunity to buy for those investors who missed out on the earlier rally. READ MORE

3:04 PM

India VIX falls over 1% to 19.52 levels

2:56 PM

NEWS ALERT :: Airtel launches Airtel Secure to help businesses tide over rising cyber threats

Via BSE filing

2:49 PM

Top losers on the BSE at this hour

2:47 PM

Lakshmi Vilas Bank crisis: Working on a back-up plan, says Shakti Sinha

The priorities are clear. One, ensure that the bank is run well on a day to day basis. Second, develop strategies to improve the financials; and third, raise capital through various measures. We will carry the capital raising process to its logical end. READ MORE

Shakti Sinha, director on board of LVB

2:42 PM

Stocks that hit 52-week high on BSE today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(%)
ADANI GREEN	747.60	749.90	4.68
ADVANCED ENZYME	325.65	339.10	11.03
APL APOLLO TUBES	2919.35	2935.00	0.94
APOLLO HOSPITALS	2133.15	2139.00	2.30
BALKRISHNA INDS	1485.65	1514.70	0.19

2:36 PM

Nifty nears 11,300-mark

2:34 PM

MARKET UPDATE :: Indices at day's high

2:23 PM

MARKET UPDATE:: Broader indices underperform benchmarks

2:19 PM

BROKERAGE VIEW | Centrum Broking on ITC

RATING: BUY | TARGET PRICE: Rs 353

We believe ITC’s cigarette business will undoubtedly continue to remain the cash cow; however, it’s actually the food business that will trigger re-rating for the company. We expect FMCG segment revenue to increase to 12.3% by FY23E and reiterate our Buy rating with DCF based 2 years TP of Rs 353 (implying 23.6x FY23E EPS). Key risks are a sharp increase in any form of taxation, higher leaf tobacco prices, and prolonged/ intermittent local lockdowns by states.

2:14 PM

BROKERAGE VIEW :: Anand Rathi on Sudarshan Chemicals

Target price: Rs 585 | Reco: Buy

>> One of the largest pigment manufacturers in its home market (with a 35% market share) and the fourth-largest globally, Sudarshan’s strong brand equity, leading position, regular capacity additions and focus on high-margin products have been its key strengths. We believe that the exit of global players (BASF, Clariant), coming capex (Rs8bn over FY20-23), product launches and focus on the global market will be its future growth drivers. We initiate coverage on Sudarshan Chemicals with a Buy at a TP of Rs585 (22.3x FY23e EPS). The auto-sector slowdown and ban on single-use plastic would trim its short-term performance.

2:06 PM

Rupee Closing

Rupee settles at 73.77 per US dollar vs Tuesday's close of 73.85/$

2:04 PM

Ramco Systems freezes at 5% upper circuit on order win from logistics major

Shares of Ramco Systems were locked in the upper circuit limit of 5 per cent at Rs 426 on the BSE on Wednesday after the company said it has signed up an agreement with a "Global top 5 logistics major" for modernising and transforming its multi-country Payroll operations on the company’s global payroll platform. READ MORE

1:55 PM

HDFC twins, HUL top contributors to Sensex's gain

1:53 PM

NEWS ALERT :: Current Account Surplus for April-June period in FY21 stands at $19.8 bn, says RBI

1:46 PM

Tech Mahindra up 2.6%

1:44 PM

IPO ALERT :: UTI AMC IPO subscribed 43% so far on Day 2 till 1:30 pm

1:37 PM

European indices trade largely lower in early deals

1:34 PM

CV financiers: Favourable valuations, but unpredictable fundamentals

Analysts at Prabhudas Lilladher indicate that collection efficiencies have rebounded to 80 per cent in September compared to 65 per cent last month. Consequently, there is a 15 per cent month-on-month improvement in disbursements as well, though 70 per cent of these disbursements are largely towards existing customers. Fresh loans disbursed could help customers meet intermittent working capital needs crucial to restart their business hit by lockdown. READ MORE

1:27 PM

Nifty FMCG index up 1.7%

1:22 PM

IPO ALERT :: Mazagon Dock IPO subscribed 3.4x so far on Day 2 till 12:45 pm

1:15 PM

NEWS ALERT :: EU may levy tariff on steel import from India, reports Bloomberg

1:05 PM

HUL trades over 2.5% higher

12:58 PM

Hind Zinc may use NCD funds as dividends to help Vedanta delist: analysts

Hindustan Zinc Ltd (HZL), a subsidiary of Vedanta Limited, has raised Rs 3,520 crore through issuance of non-convertible debentures (NCDs) which analysts feel could indirectly fund the delisting of Anil Agarwal-led metal and mining company. “HZL being a listed entity cannot raise funds and use it for its parent. It is against regulations. READ MORE