Sensex jumps 514 pts, ends above 59k; Nifty Realty up 4%, auto worst loser

Only 10 stocks from the Nifty basket closed in the red

4:07 PM

MARKET CLOSE :: Vinod Nair, Head of Research at Geojit Financial Services

Domestic indices staggered during the early trading session however positive trends in the global markets comforted Indian equities to rebound during the second half. Global stocks recovered from the fears sparked by troubles in the Chinese economy, ahead of the FOMC meeting that will start later in the day. All major sectors traded in the green zone while the auto sector remained under pressure due to rising input costs and the semiconductor shortage faced by the global auto industry.

4:06 PM

TECH VIEW :: Rohit Singre, Senior Technical Analyst at LKP Securities

Sharp recovery has been witnessed from good support zone as mentioned and closed a day at 17562 with gains of one percent and formed a bullish candle on daily chart after two bearish candles. Now going forwards 17600-17660 will act as resistance zone also one can lock their long gains around said levels and supports are placed at 17500-17430 zone any dip near said levels will be again buying opportunity with keeping immediate stop out level below 17500 zone and overall range is coming in between 17300-17800 zone

4:03 PM

Tata Motors ends up 2% after company decided to increase commercial vehicle prices from 1st October 2021

>> The effective price hike, in the range of 2%, will be implemented basis the model and the variant of the vehicle

3:58 PM

SBI Cards falls as 4% equity changes hands on Exchanges via block deal

>> Carlyle Group proposed to divest 3.4 per cent stake in the company through a block trade

3:52 PM

IPO Update :: Paras Defence IPO subscribed 13.91 times on Day 1 so far

3:49 PM

Nifty Realty top sectoral gainer; closes 3.6% higher

3:44 PM

Broader markets underperform benchmarks; Nifty Smallcap 100 slips 0.14%

3:40 PM

Sector watch :: Most sectors end in green; Nifty Auto and PSU Bank only losers

3:38 PM

Sensex Heatmap :: Top gainers & losers at close

>> Out of the 30 stocks in the BSE Sensex index, 24 ended in the green

3:36 PM

CLOSING BELL :: Nifty climbs 1% to end at 17,562

3:33 PM

CLOSING BELL :: Sensex jumps 500 points to end over 59,000-level

3:21 PM

Bulls roar on Street! Sensex jumps over 550 pts

3:09 PM

Adani takes on Mukesh Ambani, to invest $20 bn in renewable energy

Unveiling his infrastructure conglomerate's green vision, billionaire Gautam Adani on Tuesday said his group will invest USD 20 billion over the next 10 years in renewable energy generation and component manufacturing and will produce the world's cheapest green electron. READ MORE

 

3:00 PM

CarTrade, Aptus Value, Krsnaa Diagnostics, Rolex Rings hit new lows

Shares of the four recently listed companies, CarTrade Tech, Aptus Value Housing Finance India, Krshna Diagnostics and Rolex Rings, hit fresh lows since their listings on the bourses on Tuesday. These stocks were down between 2 per cent and 4 per cent on the BSE in intra-day trade. CarTrade Tech, a company that operates online platforms for buying and selling of vehicles, hit a new low of Rs 1,365, down 4 per cent on the BSE. The company had debuted on August 20, 2021, and hs fallen 16 per cent below its issue price of Rs 1,618 per share. READ MORE

2:48 PM

ALERT :: Sensex rises over 400 points

2:29 PM

Volatility Alert :: India VIX falls over 4%

2:15 PM

Lincoln Pharma plans to launch Cephalosporin products soon

>> Company has acquired a facility in Mehsana, Gujarat
 

>> Company expects commercial operations from March 2022
 

>> The plant is expected to contribute sales of around Rs 150 crore in the next 3 years
 

>> The plant will cater to all the Cephalosporin products, including Tablet, Capsule, Dry syrup and Injectable

2:05 PM

U.S. Index Futures gain as stock selloff moderates

U.S. futures gained, suggesting some improvement in sentiment after concerns about fallout from China Evergrande Group’s debt woes roiled markets Monday. Dip-buyers in the last hour of trading Monday helped the S&P 500 pare some losses, though the index still posted the biggest drop since May. Futures on the S&P 500 rose 1%, while those on the Nasdaq 100 rose 0.9%. Futures on the Dow Jones Industrial Average rose 1.1%. 

 

Source: Bloomberg
 

1:55 PM

ALERT :: HAL defers decision on share split

1:49 PM

HCL Tech signs pact with Lendico to help the ING Germany Company brand build solutions for SMEs

>> HCL will establish a tech lab in Berlin that will combine fintech mindset, agile culture and customer focus with engineering expertise, global delivery capabilities, and deep domain knowledge of financial services and risk management
 

>> Lendico will be the first to leverage the lab to bring innovative approaches for processes, such as credit decisioning, loans collections and KYC

 

1:39 PM

GAUATAM ADANI AT JPM SUMMIT

>> Over 75% of Adani planned capital expenditure until 2025 is in green tech
 

>> Adani will triple its renewable power generation capcity from 21% to 63% in next 4 years 
 

>> By 2023, will be India's first company to power all its data centre with renewable energy

 

1:27 PM

ONGC surges 6%, hits 22-month high on improved outlook; Oil India up 7%

Shares of Oil and Natural Gas Corporation (ONGC) hit a 22-month high of Rs 135.80, surging 6 per cent on the BSE in Tuesday’s intra-day trade on improved outlook. The stock of the state-owned oil exploration and production company was trading at its highest level since November 2019. The stock of other state-owned oil exploration & production firm, Oil India, rallied 7 per cent to Rs 209.05 on the BSE. It had hit a 52-week high of Rs 214.75 on September 17, 2021. In comparison, the S&P BSE Sensex was up 0.18 per cent at 58,598 points at 12:57 pm. READ MORE

1:18 PM

Metal stocks recover in afternoon trade; Nifty Metal rises by 1.6%

1:00 PM

RPG Life Sciences hits record high, zooms 51% so far in September

Shares of RPG Life Sciences continued at their northward movement, hitting a fresh record high of Rs 751.80, up 8 per cent on the BSE in intra-day trade on Tuesday. So far in the month of September, the stock of the pharmaceutical company has zoomed 51 per cent on expectation of a promising outlook for the domestic formulation industry. READ MORE 

 

12:56 PM

L&T Hydrocarbon Engineering bags two "significant" orders in the Construction Services segment

>> The company classifies orders valued in the range of Rs 1,000 Cr to Rs 2,500 Cr as "significant"
 

>> The company has bagged one order from GAIL India and the other from Air Products Middle East Industrial Gases

12:45 PM

Broader markets continue to languish in mid-day trade; Nifty Smallcap 100 down over 1%

12:34 PM

HDFC launches festive offer with home loan at 6.7% rates

>> This Offer will be applicable to all new loan applications irrespective of the loan amount or employment category
 

>> This is a close ended scheme and will be valid till October 31

 

12:17 PM

Losing sheen! Don't lap up metal stocks yet, hint tech charts; here's why

Metal shares witnessed their biggest meltdown in recent times on Monday as a debt crisis at one of China’s biggest property developers, Evergrande, led to a global decline in industrial metals and ore prices. The BSE Metal index tumbled nearly 7 per cent in trade in the last session. READ MORE

12:06 PM

ALERT :: Tata Motors will increase commercial vehicle prices from 1st October 2021

>> The effective price hike, in the range of 2%, will be implemented basis the model and the variant of the vehicle

 

>> The continued rise in the cost of commodities, such as steel and precious metals, necessitates the company to pass on a part of it through increase in price of the products
 

11:56 AM

Should you subscribe to Paras Defense IPO despite weak financials?

The three-day initial public offer (IPO) by Paras Defense and Space Technologies kicked off on Tuesday and sailed through within minutes of opening. Despite a weak financial position and high valuations, investors lapped up the issue, banking on the future growth prospects of the company. The hefty grey market premium of Rs 195 per share or 114-118 per cent also added to the allure, especially for investors looking to make a quick buck. The IPO is priced at Rs 165-175 per share. READ MORE