MARKETS: Sensex ends volatile session 133 pts higher ahead of F&O expiry

All that happened in the markets today

4:09 PM

MARKET QUOTE || S Ranganathan, Head of Research at LKP Securities

Bulls stepped on the Accelerator in Wednesday Trade to end the day just shy of the 14k mark led by Cement & Steel stocks on hopes of higher spend on Infrastructure. Vaccine Approval in the UK and hopes of approval back home led strength to the rally despite profit booking seen across several stocks

4:06 PM

MARKET QUOTE || Vinod Nair, Head of Research at Geojit Financial services

Domestic sentiment is upbeat, expecting a nod for Oxford-AstraZeneca Covid vaccine usage in India. Growth sectors like Auto, Realty and Metal led the rally while defensives like pharma continued to remain under pressure. Although the market is at its most expensive valuation level, FPIs continue to pump in funds and roll the Indian market higher on a daily basis

3:58 PM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(%)
VODAFONE IDEA	10.18	-1.07
PUNJAB NATL.BANK	32.65	-1.66
SUZLON ENERGY	6.24	4.87
CANARA BANK	129.70	2.65
COROMANDEL INTER	802.25	-5.79

3:55 PM

Heatmap: Sensex gainers and losers at close

3:54 PM

Nifty sectoral indices at close

3:53 PM

MARKETS AT CLOSE

3:39 PM

CLOSING BELL | The S&P BSE Sensex ends 133 points, or 0.28 per cent, higher at 47,746

-- , Nifty ends at 13,981

3:22 PM

CABINET BRIEFING | Govt approves modified scheme for ethanol distillation

-- Approves Rs 4,573 crore for ethanol distillery loan support

3:18 PM

NEWS ALERT | Govt extends suspension of scheduled commercial international flights till Jan 31, 2021

-- Restrictions not to apply on special flights and international air cargo operations

3:12 PM

MARKET UPDATE:: Sensex at day's high

3:04 PM

Realty stocks rise in an otherwise rangebound market

COMPANY NAME	LATEST	HIGH	LOW	CHG(%)
HEMISPHERE PROP	88.30	88.30	72.60	19.97
UNITECH	1.82	1.85	1.78	1.11
INDBULL.REALEST.	79.00	79.75	74.70	3.00
H D I L	7.02	7.02	6.41	4.93

2:51 PM

MARKET UPDATE:: Nifty Bank index off day's low

2:44 PM

Stocks that hit 52-week high on BSE today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(%)
ADANI GAS	383.00	390.00	2.28
APL APOLLO TUBES	812.00	833.20	-1.00
ASIAN PAINTS	2721.00	2725.15	0.91
ASTRAL POLY TECH	1695.10	1698.70	5.69
BAJAJ AUTO	3437.05	3472.35	0.17

2:33 PM

India Cements advances 13% on heavy volumes; stock hits 34-month high

Shares of India Cements zoomed 13 per cent, hitting 34-month high of Rs 163.80 on the BSE on Wednesday on the back of heavy volumes in an otherwise range-bound market. The stock of the cement manufacturer surpassed its previous high of Rs 164, hit on November 26, 2020. It was trading at its highest level since February 2018. READ MORE

2:23 PM

Economy to recover in 2021, but output may take another year to regain loss

There is broad consensus among experts that the economy will revert to marginal growth in the first quarter of the coming calendar year 2021, though opinions are varied on whether the economy will continue to contract or expand to a small extent in the fourth quarter of Calendar 2020. That the economy is on a recovery path was substantiated by a better-than-expected performance in the third quarter of Calendar 2020 (second quarter of FY21). READ MORE

2:05 PM

Global Market Update | European stocks inch higher as AstraZeneca gains on UK vaccine approval

European stocks edged higher on Wednesday as Britain approved a COVID-19 vaccine developed by AstraZeneca and Oxford University, while bets of more U.S. fiscal aid and massive vaccination efforts spurred hopes of a strong global economic recovery next year.The pan-European STOXX 600 rose 0.1%, hovering near a 10-month high hit in the previous session. Most markets in the region were subdued due to thin volumes in a holiday-shortened week. The German DAX was flat, while French and Spanish stocks slipped 0.1% each. (Source: Reuters)

 

 

1:55 PM

BUZZING STOCK :: Jindal Stainless stock slips 3%

The Boards of Jindal Stainless Limited (JSL) and Jindal Stainless (Hisar) Limited (JSHL) today approved the merger of JSHL into JSL in a share swap ratio of 1:1.95. Post the merger, JSL will be the single listed entity on the stock exchanges with promoter holding at 57 per cent, and remaining 43 percent by the public.

 

1:36 PM

This pharma stock has zoomed 567% in 40 trading days post re-listing

Shares of Orchid Pharma were locked in upper circuit for the 40th straight trading day, up 5 per cent at Rs 120.13 on the BSE on Wednesday. The stock has zoomed 567 per cent from the level of Rs 18, since its relisting on November 3, 2020. Till 12:35 pm, a combined only 83 equity shares had changed hands and there were pending buy orders for 135,000 shares on the BSE and NSE, the exchange data shows. READ MORE

1:27 PM

Zydus Cadila receives DCGI nod for NAFLD drug in India

Drug firm Zydus Cadila on Wednesday said it has received approval from the Drug Controller General of India (DCGI) for Saroglitazar Mg, used for the treatment of non-alcoholic fatty liver disease (NAFLD), in the country. The Drug Controller General of India (DCGI) has approved the new drug application (NDA) for Saroglitazar Mg for the treatment of non-alcoholic fatty liver disease (NAFLD) in India, Zydus Cadila said in a regulatory filing. 

1:15 PM

NEWS ALERT | Cabinet briefing at 3 pm today

-- I&B Minister Prakash Javdekar, Oil Minister Dharmendra Pradhan, and DV Sadananda Gowda on cabinet meeting

1:07 PM

JMC Projects bags orders worth Rs 698 cr

JMC Projects on Wednesday said it has bagged orders worth Rs 698 crore in the domestic market. In a filing to the BSE, the company said it has won orders for building projects in South India worth Rs 698 crore. The company's CEO and Deputy Managing Director S K Tripathi said: "Our order inflows for the current year has crossed Rs 6,700 crore. We remain confident to achieve our targeted numbers for the financial year 2020-21." JMC Projects (India) is a subsidiary of Kalpataru Power Transmission. (Text Source: PTI)

 

1:06 PM

NEWS ALERT | Govt declares Sarda Energy successful bidder for Gare-Palma-IV/7 & Sahapur West coal mines

12:50 PM

Shares of Astrazeneca Pharma India jump over 3% on Covid vaccine approval in UK

12:46 PM

MARKET UPDATE:: Sensex at day's low

12:45 PM

NEWS FLASH :: Oxford University/Astrazeneca vaccine authorised by UK

12:40 PM

NEWS FLASH :: Maharashtra govt extends lockdown restrictions in the state till 31st January 2021

12:39 PM

Voda Idea, HDFC Bank, Britannia: Stocks that can give 30% return in 2021

HDFC Bank Limited (HDFCBANK): After crossing the significant resistance in the range of Rs 1,300 to Rs 1,350 levels, the counter is set to rise towards Rs 2,000 levels from a medium-term perspective. The current levels are indicating a consolidation in the range of Rs 1,350 to Rs 1,470 levels. The underneath trend exhibits an upside bias that may trigger a strong move. One can see the sluggish move on the volume structure, yet the stock is not showing weakness rather attempting to scale higher, this scenario indeed reflects a firm strength of the counter, as per the weekly chart. READ MORE

12:29 PM

Icra upgrades financial ratings of Tata Consumer Products to 'AAA'

ICRA has upgraded the rating for long-term financial instruments of Tata Consumer Products worth Rs 350 crore to AAA with a stable outlook from AA-plus. At the same time, it reaffirmed the rating for short-term instruments worth Rs 715 crore at A1-plus. ICRA also upgraded the company's fund-based working capital facilities at AAA with a stable outlook from AA-plus earlier. READ MORE

12:17 PM

Praj Industries soars 5%; Cabinet likely to discuss Ethanol Production, says report

Union Cabinet is likely to take up matter on Ethanol procurement from grains; Govt may also consider extension of Ethanol production, according to a report

 

12:00 PM

SAIL hits 2-year high, zooms 100% in 2 months on strong earnings outlook

Shares of Steel Authority of India (SAIL) rose 5 per cent to hit an over two-year high of Rs 67.85 on the BSE in Wednesday's session amid expectations of further improvement in performance due to the realisation of uptick in the domestic market and progressively lower proportion of exports. The stock of the state-owned company was trading at its highest level since November 2018. Analysts at Edelweiss Broking expect SAIL’s performance to improve further driven by realisation uptick, volume growth and iron ore sales providing additional revenue stream. READ MORE