Bull run continues; Sensex ends at record peak of 46,666, Nifty tops 13,650

All that happened in today's market

4:08 PM

MARKET VIEW | Vinod Nair, head of Research at Geojit Financial Services

Indian market is effortlessly rallying to record highs on a daily basis tracking firm global markets. Increasing prospects of US stimulus measures, hopes of an effective vaccine and a conclusive Fed meeting to announce a positive policy are lifting market sentiments across the globe. In the domestic market, all sectors witnessed good momentum with realty leading the rally in hopes of a revival in demand.

4:05 PM

NEWS FLASH :: Sebi board meet outcome

• Sebi approves new norms for shareholding under CIRP
• Min 5% public shareholding on relisting mandated by Sebi 
• Cos under insolvency process to have min 5% free float
• Sebi clears relaxation to promoters on FPO requirement of 20% MPC (minimum promoter contribution)

 

 

3:59 PM

MARKET VIEW | S Ranganathan, head of Research at LKP Securities

Bulls wrested complete control during the day with consumer-facing companies witnessing good appetite from Investors post the thumping success of the QSR IPO recently. Markets are absorbing profit booking too which is a very healthy sign as the mood seems buoyant with good appetite seen at lower levels. Defence stocks too were in the limelight today as investors sought value in many stocks across the sector.

3:58 PM

Burger King shares end at 20% upper circuit limit for 3rd day in a row

3:56 PM

PNB ends 7% down, manages to close above QIP floor price of Rs 37.35

3:49 PM

MARKET STATS

• Advance-decline ratio on BSE at nearly 3:2
• Stocks at 52-week high: 325
• Stocks at 52-week low: 46
• 474 scrips touched upper circuits while 204 scled lower limits

3:47 PM

HDFC twins, IT stocks among top Sensex contributors

3:46 PM

Broader markets outperform benchmark

Nifty Midcap 100 and Nifty Smallcap 100 indices rose 1.15 per cent and 1.01 per cent, respectively as against a 0.85 per cent increase in Nifty50, thus outperforming benchmark. The broadest index on NSE Nifty 500 gained in tandem with Nifty, up 0.86 per cent.

3:42 PM

Sectoral Trend: Barring Nifty PSU Bank, all indices on NSE end in the green

3:37 PM

Sensex Heatmap | Top index gainers & losers

• 21 Sensex stocks end in the green
• Bharti Airtel best Sensex performer
• ICICI Bank worst laggard

3:35 PM

CLOSING BELL

Sensex scales fresh record high, rises 403 points or 0.87 per cent to end at 46,666.46; Nifty too logs new closing high of 13,682.70, up 115 points or 0.85 per cent

3:29 PM

Bharti Airtel gains nearly 3%

3:27 PM

MARKET CHECK

3:19 PM

NEWS ALERT | Cabinet approves next round of spectrum auction

>> Notice inviting applications w.r.t spectrum auction this month

 

3:14 PM

CABINET BRIEFING | Govt to subsidise 6 mn tn sugar exports

3:12 PM

NEWS ALERT | Cabinet approves Rs 3,500 crore subsidy for sugar farmers

3:08 PM

NEWS ALERT :: Infosys, RBL Bank tie-up for Digital Banking Solution Suite on Cloud

2:57 PM

As green shoots emerge all across, confidence returns to IndusInd stock

If management commentaries from banks were rated in terms of their confidence, IndusInd Bank would have easily climbed the top spot after its September quarter (Q2) results. For the first time since taking charge as MD & CEO of the bank in March, Sumant Kathpalia spoke about strong green shoots emerging across segments, even for the vehicle finance business. READ MORE

2:52 PM

Hindustan Copper rallies 16%, hits 52-week high of Rs 60.30

2:50 PM

Textile, apparel stocks in focus; Page Ind, TCNS Clothing surge up to 14%

Shares of textiles, readymade garments and apparel companies were trading actively on Wednesday on expectation of higher demand going forward. Individually, Page Industries, TCNS Clothing Company, Himatsingka Seide, Gokaldas Exports, Dollar Industries, Bombay Dyeing and Manufacturing, Arvind Fashions, Siyaram Silk Mills, and Monte Carlo Fashions from these segments were up between 5 per cent and 14 per cent on the BSE. In comparison, the S&P BSE Sensex was up 0.78 per cent at 46,623 points at 01:49 pm. READ MORE

2:45 PM

Page Industries rises 5%

2:40 PM

BROKERAGE VIEW :: Kotak Institutional Equities on Tech Mahindra

CMP: Rs 927 | TP: Rs 1,020 | Reco: Buy

We interacted with Alok Palsikar, TM’s head of engineering services in a freewheeling discussion, here are the key highlights. TM has strong expertise in automotive and aerospace verticals. Outlook for the business is healthy post Covid and led by adoption of new technologies across verticals. TM is taking steps to increase participation in the fast-growing digital engineering space. 5G opportunity, uptick in enterprise growth and margin expansion underpin our positive view. BUY. 

2:32 PM

BUZZING STOCK :: Indiabulls Housing Finance surges 9%

2:26 PM

European stocks trade higher in early deals

2:17 PM

IPO Update :: Mrs Bector's Food IPO subscribed 7x till 2:00 pm on Day 2

2:02 PM

Banks must focus on asset quality, capital for monetary policy impact: RBI

The credit channel of monetary policy transmission in India is robust, however, its effectiveness is hampered by asset quality of issues of banks, an RBI working paper on “asset quality and credit channel of monetary policy transmission in India” revealed.

 

Hence, for monetary policy actions to have their full impact, banks need to strengthen their capital position and address quality issues. READ MORE

1:50 PM

Nifty hits new peak of 13,671

1:49 PM

FRESH RECORD HIGH :: Sensex tops 46,600

1:46 PM

Burger King, Bajaj Finance, HDFC among most active stocks in volume terms on BSE

1:45 PM

NEWS ALERT :: Lupin settles dispute with the Sellers in the Gavis/Novel transaction