MARKET WRAP: Indices end flat, Sensex slips 66 pts; Bharti Airtel falls 8%

All that happened in the markets today

2:04 PM

US election, Q2 results of India Inc to keep markets volatile: Analysts

Markets have been volatile since the past few sessions and have been unable to hold on at the higher levels – and if experts are to be believed, they will remain so for the next few weeks. At the global level, the upcoming US presidential election and the monetary policies of major central banks, fear of sporadic lockdowns across cities given the rise in Covid-19 cases and oil prices could keep investors on edge. READ MORE

1:58 PM

IPO Alert :: Angel Broking offer subscribed 100% on Day 2 till 1:45 pm

1:47 PM

Nifty hovers around 11,050

1:47 PM

Market at day's low

1:46 PM

Q&A :: We expect equity returns to be muted in next 12 months: CIO, HDFC Life

Some of the discretionary sectors like auto have shown a smart recovery. Sectors like hotels have improved but have some way to go. Multiplexes are yet to open. So it is a different story for each of these sectors. READ FULL INTERVIEW HERE

1:39 PM

Stocks that hit 52-week high on BSE today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(rs)	CHG(%)
FIRSTSOUR.SOLU.	75.75	78.35	3.75	5.21
HEXAWARE TECH.	468.15	468.95	7.50	1.63
INFOSYS	1018.95	1037.10	11.75	1.17
MINDTREE	1268.45	1342.05	-40.50	-3.09
MPHASIS	1394.95	1418.00	22.60	1.65

1:29 PM

NEWS ALERT :: Saudi Arabia suspends travel to & from India due to rising number of Covid-19 cases

1:28 PM

European indices trade higher in early deals

1:23 PM

NEWS ALERT :: Bharti Airtel picks strategic stake in tech startup Waybeo

>> Waybeo, a Trivandrum headquartered startup focused on deep Al based analytics for cloud telephony, is the fifth startup to join the fast growing Airtel Startup Accelerator Program, which helps promising startups unlock their potential.

Click here for more details

1:18 PM

Route Mobile surges 18%; stock zooms 134% against issue price in 3 days

Shares of Route Mobile surged 18 per cent to Rs 818 on the BSE in the intra-day trade on Wednesday after making a stellar debut earlier this week. On Monday, the stock made a strong debut and ended at Rs 650, clocking a gain of 86 per cent against the issue price of Rs 350 per share. With today's rally, the stock has zoomed 134 per cent against the issue price. READ MORE

1:10 PM

Growth signs visible for road infrastructure players

Road infrastructure players are in the spotlight with improving order flows, better labour availability, and construction activities gaining pace as the monsoon season comes to an end. For toll road operators, the improving traffic, too, bodes well. Overall, analysts expect a much better second half of FY21 after a significant impact from the lockdown during the first half. READ MORE

1:06 PM

Sun TV slips 4%

12:57 PM

MARKETCHECK | Top 5 losers on the BSE at this hour

12:57 PM

BROKERAGE VIEW :: ICICI Securities on Hexaware delisting price

>> HT Global Holding BV (Acquirer) along with HT Global Holdings Ltd (promoter) of Hexaware Technologies (Hexaware) have accepted Rs 475/share as the final price for delisting offer. We believe that through this offer price the acquirer and promoters along with other members of the promoter group would have minimum 91.16% shareholding through the reverse book building process, which would exceed the minimum number of equity shares required for delisting of shares. Hence, we believe this will lead to delisting of company shares (subject to regulatory approvals).

>> All public shareholders who have tendered their equity shares at or below the exit price will be paid a consideration of Rs 475/share. The last date for payment to all public shareholders whose bid have been accepted is September 30, 2020. Those public shareholders whose bids have been rejected will have their shares returned.

>> We believe those shareholders who have not tendered their shares or whose bids have been rejected will be given an opportunity to tender their shares at delisted price however the modalities of the same will be announced in due course. We would recommend that shareholders (who have not tendered their shares or whose bids have been rejected) exit at the current price, which is closer to the delisting price. This is since we believe post delisting of shares, the process of getting the delisted price (Rs 475/share) will be through the off market route over the next year. This may become a tedious process. Hence, we recommend that investors exit the stock at the current market price, which is closer to the delisting price.

12:49 PM

Nifty below 11,100