SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
4:27 PM
Live market updates
- Domestic markets started on a buoyant note and gained nearly 2%, after taking a breather in yesterday’s session. Also, supportive global cues led to gap-up opening however caution ahead of the US Fed meeting outcome capped the movement as the day progressed.
- Among the benchmark indices, the Nifty index inched closer to the 17,000 mark and finally settled at 16,975 levels, up by 312 points or 1.87 per cent. The 30-share BSE Sensex jumped 1,040 points or 1.86 per cent to close at 56,817. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
4:14 PM
Live market updates
- Mayur Uniquoters’ Board of Directors has approved the buyback of 6,25,000 equity shares at a price of Rs650 each. In its filing with the exchange, the company stated that Buyback will open on March 24, 2022, and close on April 6, 2022. Company’s buyback is equal to 2.56% of the total shareholding of the company.
- With this, the total buyback cost will be Rs40,62,50,000. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
4:12 PM
Live market updates
- ITI Limited, country’s first PSU post-independence and premier telecom manufacturing company has consolidated its position as a ‘go to’ player for both PSU and private companies in the Data Center space.
- ITI’s Data Center business has served over 50+ customers over the past 12 years that include public sector banks, financial institutions, Navaratna PSUs, telecom companies, MNCs and small enterprises from the year 2009-10. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
4:09 PM
Live market updates
- In its filing with the exchanges on March 16, 2022, Shakti Pumps Ltd. informed the investors and exchanges that the company has entered into an agreement with Ernst & Young LLP for Investor Relations related services.
- Shakti Pumps is a leading manufacturer of submersible pumps for domestic, horticultural, industrial, and agricultural use. Shakti Pumps is a leading exporter to over 100 countries with branches across USA, UAE, and Australia. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
4:00 PM
Live market updates
- Kellton Tech has announced the strategic realignment of its business under the ‘OneKellton’ initiative. As part of this, Kellton Tech has integrated its global operations to improve client services and become an even stronger partner of choice for digital transformation and innovation.
- The move reflects the company’s effort to streamline delivery with a hybrid model built for the post-pandemic paradigm. With OneKellton, all of Kellton Tech’s capabilities — digital practice, enterprise intelligence, design strategy, global delivery, integrated support, and more — will be accessible to companies of all sizes irrespective of their location. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
3:25 PM
Live market updates
- Macrotech Developers Limited informed the exchanges that the credit rating of the USD Senior Notes (listed on the Singapore Stock Exchange), issued by Lodha Developers International Limited, subsidiary of the company, has been upgraded to B2 with a positive outlook from B3 by Moody’s Investors Service. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
3:18 PM
Live market updates
- Tata Consultancy Services has announced that TCS BaNCS has been selected by Singapore Exchange (SGX) to power the NSE IFSC-SGX Connect (Gift Connect), its program to connect to NSE IFSC, a fully owned subsidiary of the National Stock Exchange of India (NSE), for trade execution and clearing of Nifty products on behalf of its members in Singapore and globally.
- On Wednesday at around 3:20 PM, TCS was trading at Rs3,658.20 apiece up by Rs62.8 or 1.75% on Sensex. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
3:08 PM
Live market updates
- City Union Bank Limited informed the exchanges Wednesday that it has inaugurated two new branches in Markapur and Surendranagar. The Bank has now total of 705 branches operating.
- In the last half hour of trade on Wednesday, City Union Bank Ltd was trading at Rs120.35 per piece up by Rs0.7 or 0.59% from its previous closing of Rs119.65 per piece on the BSE. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
3:00 PM
Live market updates
- Punjab National Bank (PNB) said in the regulatory filing on Tuesday that the bank reported a fraud of Rs2,060 crore in the NPA account of IL&FS Tamil Nadu Power Company Limited (ITPCL).
- The bank informed it has already made provisions amounting to Rs824.1 crore as per prescribed prudential norms.
- In the regulatory filing, the lender said that “Reporting of Borrowal Fraud of Rs2060.14 crore in NPA account of M/s IL&FS Tamil Nadu Power Co. Ltd. at Extra Large Corporate Branch at Delhi, Zonal Office: Delhi. A fraud of Rs2060.14 crore is being reported by Bank to RBI in the accounts of the Company. Bank has already made provisions amounting to Rs.24.06 Crore, as per prescribed prudential norms.†Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
2:52 PM
Live market updates
- Wonderla Holidays Limited Board of Directors have approved appointment of K Ullas Kamath as an Additional (Independent) Director of the Company for a period of five years commencing from April 1, 2022, subject to the approval of shareholders.
- At around 2.57 pm, Wonderla Holidays Ltd was trading at Rs228.65 per piece up by Rs3.65 or 1.62% from its previous closing of Rs225 per piece on the BSE.
- “Ullas Kamath is not related to any other Director of the Company. He has affirmed that he is not debarred from holding the office of Director by virtue of any order of Securities and Exchange Board of India or any other such Authority,†company said in a filing on Wednesday. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
2:30 PM
Live market updates
- Indices are firm in gains after a gap-up start on Wednesday amid Metal, Realty stocks outperform.
- BSE Sensex is 56,598.69 up 821.84 points or 1.47%.
- Nifty50 is currently 16,907.95 up 244.95 points or 1.47%. Nifty Bank is at 35,655.90, up 1.81%. Mid-cap Index is up 2.18%. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
2:17 PM
Live market updates
- NBCC (India) Ltd has informed to the exchanges on Wednesday regarding business secured in the Month of February, 2022
- According to the regulatory filing, the company has secured the total business of Rs104.39 crore in the month of February, 2022. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
2:12 PM
Live market updates
- The Board of Directors of Rail Vikas Nigam Limited approved an interim dividend of Rs1.58 per equity share of Rs10 each for the financial year 2021-22.
- The company fixed March 25, 2022, as the record date for this purpose.
- The company stated in its filing that Interim Dividend payment will be completed on or before 14.04.2022. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
2:02 PM
Live market updates
- Formula 1 and Tata Communications Limited – a global digital ecosystem enabler powering the fast-growing digital economy, today announced a multi-year strategic collaboration, with Tata Communications returning to sport as the Official Broadcast Connectivity Provider of Formula 1, to deliver and enhance a world-class, technologically advanced experience for fans globally.
- Tata Communications will empower Formula 1 with global end-to-end managed network services for video contribution, thereby transforming the motorsports experience. For this, the company will facilitate the transfer of more than 100 video feeds and over 250 audio channels to be transmitted between the Grand Prix venue and F1’s Media & Technology Centre in the UK every race weekend in under 200 milliseconds, enabling F1 to broadcast to over 500 million fans in 180+ territories globally. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
1:57 PM
Live market updates
- Ecoboard Industries Ltd surges over 9% on Sensex today after the Company has received Large export order from Gulf Country for one of its esteemed product 100% Fire retardant “EcoRak†and “EcoDekâ€.
- "This is a huge cross border order is in the best interest of the Company", said Ecoboard in a regulatory filing on Wednesday. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
1:52 PM
Live market updates
- DCB Bank Ltd., a new-generation private sector bank, today announced the opening of its 50th branch in Odisha – at Chandrasekharpur, a resident and commercial locality in the capital city Bhubaneswar.
- The new branch is a part of DCB bank’s strategic expansion in Odisha, entailed to offer a range of retail banking services such as current account and savings account (CASA), loan products, and Fixed deposits (FDs). It is expected to provide a variety of loan products to micro and small businesses, farmers, Agri, local artisans such as Patachittra artists, Small Road Transport Operator (SRTO), and individuals. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
1:37 PM
Live market updates
- The board of directors of Zomato Limited at its meeting held on March 15, 2022 has approved acquisition by way of subscription of 13,289 Series B1 compulsorily convertible preference shares and 10 equity shares collectively aggregating to 16.66% of the share capital of Mukunda Foods Private Limited on a fully diluted basis, for an aggregate cash consideration of INR equivalent of US$5 million (Proposed Investment).
- At around 1.40 pm, Zomato Ltd is currently trading at Rs76.15 per piece down by Rs0.45 or 0.59% from its previous closing of Rs76.60 per piec on the BSE. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
1:36 PM
Live market updates
- Rane Holdings’ has acquired (creeping acquisition) 1,80,000 equity shares of Rs10 each fully paid up (2.33%) in its subsidiary Rane Brake Lining Limited (RBL) through open market purchase. The aggregate equity shareholding of RHL in RBL post this acquisition stands increased from 47.70% to 50.03%.
- The stock was trading 1% higher at Rs595.70 against its previous closing price of Rs589.90.
- The Company's turnover during the immediately preceding financial year 2020-21 was Rs423.29 crores. The cost of acquisition is Rs11.25 crore (approximately) excluding charges & taxes. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
1:30 PM
Live market updates
- BSE Sensex is 56,565.51 up 788.66 points or 1.41%.
- Nifty50 is currently 16,893.85 up 230.85 points or 1.39%. Nifty Bank is at 35,626.85, up 1.73%. Mid-cap Index is up 2.00%.
- Axis Bank, Ultratech Cement, IndusInd Bank, JSW Steel, and Tata Steel are the top gainers. Cipla, Sun Pharma and HUL are the top losers.Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
1:19 PM
Live market updates
- On Wednesday, a top official of Tata Motors Company Ltd. stated that it is anticipating an investment of Rs15000 crore in the Electric Vehicles segment in the next five years. The company is also planning to develop around 10 more new offerings in the segment in addition to its existing EV offering Nexon.
- Post this development, Tata Motors’ stock jumped nearly 4%, and is currently trading 2.15% higher at Rs422.55 against its previous closing price of Rs413.65. It touched day’s high and low of Rs428.55 and Rs420.70 respectively.
- Recently, the company has raised USD 1 billion in funding from private equity major TPG in its EV division, taking the business value to USD 9.10 billion. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
1:11 PM
Live market updates
- PPAP Automotive Limited stocks in the fast lane on BSE platform as the company has been honoured as Runner up at ‘The Economics Times Polymers Award 2022’ for its Waist Seal Outer Belt.
- Economic Times (“ETâ€) provides platform to various companies to showcase its innovations in different segments. Out of more than 600 participant the efforts of PPAP were recognised by ET, said Company in a regulatory filing on Wednesday. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
1:09 PM
Live market updates
- Torrent Power has entered into a Share Purchase Agreement (SPA) and Shareholders Agreement (SHA) with Hon'ble Administrator of the Union Territory of Dadra and Nagar Haveli and Daman and Diu (Holding Entity) and Dadra and Nagar Haveli and Daman and Diu Power Distribution Corporation Limited (the SPV) for purchase of 51% Equity Share Capital of the SPV from the Holding Entity.
- The SPV will be responsible for the distribution and retail supply of electricity and holds distribution license in the Union Territory of Dadra and Nagar Haveli and Daman and Diu (DNH & DD).
- The stock is currently trading at Rs482.90 up by Rs5.15 or 1.08% from its previous closing of Rs477.75 on the BSE. The scrip opened at Rs489.85 and has touched a high and low of Rs489.85 and Rs480.40 respectively. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
1:02 PM
Live market updates
- Timex Group India Ltd.’s board has approved the changes in its board and consequently, approved the resignation of Ms. Sharmila Sahai from the position of Managing Director as well as Director in the company.
- Sharmila has cited personal reasons for her resignation from the company. Her resignation will be effective from March 27, 2022. However, she will continue to work with the company till June 30, 2022, for smooth transitioning of the work.
- The company has appointed Deepak Chhabra as an Additional Director till the next general meeting of the Company and Managing Director of the Company for a period of 3 years, effective from March 28, 2022. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
1:00 PM
Live market updates
- Nifty Metal rallied 2.25% to drive ahead of the market bull on Wednesday. Vedanta Limited and National Aluminium Company Limited led the gains amid raging aluminium prices due to Russia-Ukraine war. At the same time, Adani Enterprises, Jindal Steel, Tata Steel and NMDC also rose over 2%.
- Domestic indices witnessed a positive start on Wednesday. The sentiments turned positive after peace talks between Russia and Ukraine. This led to fall in crude oil prices, easing inflation fears. The investors will now turn their attention to the outcome of the US Federal Reserve’s 2-day meet on rate policy. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
12:57 PM
Live market updates
- Unichem Laboratories Limited stocks rallied in the bullish market on Wednesday as the pharma-major has received ANDA approval for its Nebivolol Tablets 2.5 mg, 5 mg, 10 mg, and 20 mg from the United States Food and Drug Administration (USFDA) to market a generic version of Bystolic (nebivolol) Tablets 2.5 mg, 5 mg, 10 mg, and 20 mg, of Allergan Sales, LLC.
- As per regulatory filing, Nebivolol Tablets are indicated for the treatment of hypertension. The product will be commercialized from Unichem’s Ghaziabad Plant. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
12:40 PM
Live market updates
- Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services and solutions, has announced today that it has collaborated with Cisco, the worldwide leader in technology that powers the Internet, to drive the infrastructure modernization of optical transport networks with the introduction of Cisco routed optical networking.
- The collaboration aims to simplify the Internet transport networks by leveraging state-of-the-art optical and routing technologies to converge services over an IP Infrastructure enabling a high degree of automation. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
12:40 PM
Live market updates
- Wockhardt Ltd. informed the investors that the National Institute of Health’s significant arm National Institute of Allergy and Infectious Diseases ((NIAID) is supporting the Phase 1 clinical trial of Wockhardt’s novel once-a-day, multidrug-resistant (MDR) Gram-negative targeted antibiotic WCK 6777.
- This trial shall be carried on at NIAID’s Phase I clinical trial units in the USA. The investigational new drug (IND) application for drug study will also be sponsored by NIAID. Wockhardt’s product also received a qualified infectious disease product (QIDP) designation to WCK 6777, which signifies its ability to meet the unmet medical need and facilitates a faster approval process. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
12:30 PM
Live market updates
- Benchmark market indices capitalize on early gains; Sensex tops 56,600, Nifty nears 17k.
- BSE Sensex is 56,643.87 up 867.02 points or 1.55%.
- Nifty50 is currently 16,919.90 up 256.90 points or 1.54%. Nifty Bank is at 35,705.35, up 1.95%. Mid-cap Index is up 1.95%.
- Axis Bank, IndusInd Bank, Ultratech Cement, Bajaj Finserv, and Tata Motors are the top gainers. Cipla and Sun Pharma are the top losers.
- Nifty Metal, Consumer Durables, and Realty stocks soar over 2% while Banking and Financial Services, Auto, IT and Oil & Gas stocks are also bullish. Nifty Pharma stocks trade flat.
- Out of 50 stocks traded on the NSE, 48 advanced and 2 declined. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
12:17 PM
Live market updates
- DCW Limited, a specialty chemicals company headquartered in Mumbai, today announced that leading credit rating agency, India Ratings & Research, has upgraded and assigned ratings ‘A-’ indicating a ‘Stable’ outlook for the Company.
- The company’s Non-convertible debentures (NCDs) worth Rs350 crore has been assigned an ‘Ind-A’ rating and a stable outlook. While Optionally Convertible Debentures (OCDs) rating was also upgraded to ‘Ind-A’ and assigned a stable outlook.
- DCW’s term loans worth Rs138.60 crore were also assigned an ‘Ind-A’ rating with a stable outlook. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
12:10 PM
Live market updates
- ITC Limited has acquired 1,040 compulsorily convertible preference shares (CCPS) of Rs10 each of Mother Sparsh Baby Care. With this, its shareholding in Mother Sparsh stands at 16%.
- The company had entered into a Share Subscription Agreement on November 26, 2021 to acquire 16% of the share capital of Mother Sparsh (on a fully diluted basis).
- The said acquisition worth Rs20 crore will enable access to the fast growing direct to consumer (D2C) space in the 'personal care' category, which has been identified by the Company as an area of interest. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
11:49 AM
Live market updates
- The Indian rupee opened higher against the greenback on Wednesday morning trade as the US Dollar index tumbled to give slight uplift to the domestic equities.
- However, the local currency remained poised ahead of US Federal Reserve’s policy statement late Wednesday and continuing volatility in the global crude oil prices amidst the ongoing conflicts between Russia and Ukraine.
- The domestic currency opened at 76.26 per US Dollar against its previous close of 76.61. The partially convertible rupee moved in a band of 76.2600 - 76.3557 so far in the day. It was last seen at 76.29 against the US Dollar. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
11:47 AM
Live market updates
- Steel Strips Wheels Limited stocks rally in the market on Wednesday as the company has been selected under Production Linked Incentive Scheme for Automobile and Auto Component Sector.
- At around 11:50 AM, Steel Strips Wheels was trading at Rs793.85 apiece up by Rs6.4 or 0.81% from its previous closing of Rs787.45 apiece on the BSE.
- The scrip touched an intradaay high and low at Rs810.65 apiece and Rs785.45 apiece respectively so far today during early trading deals. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
11:33 AM
Live market updates
- ICICI Bank has announced its partnership with Emirates Skywards, the award-winning loyalty programme of Emirates and flydubai, to launch a range of co-branded credit cards. Named, ‘Emirates Skywards ICICI Bank Credit Card’, the bouquet of cards enable customers to earn reward points-- called Skywards Miles-- on travel, lifestyle and everyday spends. These cards, which offer best-in-class rewards and benefits, are a perfect fit for affluent customers who regularly travel abroad.
- The Bank is the first Indian bank to partner with Emirates Skywards, to offer the exclusive range of credit cards in the country.
- The co-branded credit cards, powered with Visa as the network partner, are available in three variants: ‘Emirates Skywards ICICI Bank Emeralde Credit Card’, ‘Emirates Skywards ICICI Bank Sapphiro Credit Card’, and ‘Emirates Skywards ICICI Bank Rubyx Credit Card’. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
11:20 AM
Live market updates
- Hatsun Agro Products Limited’s stock soared nearly 4% in today’s trade as its Chairman and Managing Director Chandramogan RG bought shares of the company valuing about Rs25 crore through an open market transaction.
- Chandramogan purchased 2.80 lakh shares of the company at an average price of Rs1194 per piece. So, the total deal value was Rs24.83 crore.
- Hatsun’s stock jumped to a high of Rs1209 as against its previous closing of Rs1,165.30 on NSE. However, it washed off its early gains and trading higher by 1.8% on the NSE. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
11:13 AM
Live market updates
- The Board of Directors of Mold-Tek Technologies Limited at its Meeting held on Tuesday, March 15, 2022 has approved, an Interim Dividend for the financial year 2021-22, @85% i.e., Rs1.70 /- per equity share on face value of Rs2/- per share as against @30% i.e. Rs0.60/- per equity share as interim dividend issued for the FY 20-21.
- Further, as per regulatory filing, the Record Date for the Purpose of Interim Dividend shall be March 24, 2022.
- The Interim Dividend declared shall be paid on or from March 28, 2022 to April 11, 2022, said company.
- Mold-Tek Technologies Limited, KPO in Structural Engineering and Designing services and is one of the Leading Engineering and Technology Solutions partner to many clients in US & Europe. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
11:12 AM
Live market updates
- Infosys Limited on Tuesday announced it is expanding its exclusive collaboration with Trinity College to prepare talent for the workplace of the future. Launched in 2018, more than 450 new Infosys employees have participated in the program, which uses applied learning educational techniques to prepare participants with liberal arts backgrounds for success in the digital workplace. Over the next three years, the Trinity-Infosys Applied Learning Initiative will be offered to at least an additional 500 new employees.
- The Trinity-Infosys Applied Learning Initiative provides learning opportunities for Infosys employees through engaging with the college’s faculty and alumni. The two organizations will continue to team up to co-develop content, building on Trinity College’s core strengths in the liberal arts while also drawing on capabilities in technology and innovation to generate real-world case study material from Infosys. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
11:06 AM
Live market updates
- L&T Technology Services Limited has launched a next-generation IoT-based engineering practice on Digital Twins for the manufacturing and industrial sectors. LTTS has collaborated with Microsoft and Bentley Systems to establish a Center of Excellence (CoE) that will address and accelerate the Digital Twin and Digital Thread requirements of new-age manufacturing companies.
- Microsoft Azure’s scalable and secure platform provides the tech backbone to support global organizations seeking innovative, cloud-based solutions. Azure Digital Twins uses IoT spatial intelligence to create a digital representation of physical environments, thereby gaining insight to drive better products, optimize operations and costs as well as create greater customer experiences. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
10:57 AM
Live market updates
- Flipkart Health+ has announced the appointment of Prashant Jhaveri as its Chief Executive Officer (CEO) to lead Flipkart’s foray in the fast-growing healthcare sector in India.
- Prior to joining Flipkart Health+ Prashant was the Chief Business Officer at Apollo Health and Lifestyle Limited, where he was responsible for growth, partnerships and creating cross functional synergies across different consumer facing businesses and touchpoints. He also served as the Chief Executive Officer of MediBuddy, and Chief Business Officer for the Medi Assist Group in his earlier stints.
- Speaking about his role, Prashant Jhaveri, Chief Executive Officer, Flipkart Health+, said, “There is immense opportunity to take healthcare to the deepest parts of India through the right technology solutions and consumer value propositions. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
10:52 AM
Live market updates
- Acuite Rating & Research Limited has assigned the long term rating of ‘Acuite Provisional BB’ on the Rs50 crore proposed Non - Convertible Redeemable Preference Shares (NCRPS) of Hazoor Multi Projects Limited. The outlook is ‘Stable’.
- Ata round 10.56 am, Hazoor Multi Projects Ltd was trading at Rs29.25 per piece down by Rs1.15 or 3.78% from its previous closing of Rs30.40 per piece on the BSE.
- The scrip opened at Rs29.85 and has touched a high and low of Rs31.35 and Rs29.25 respectively. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
10:52 AM
Live market updates
- Shyam Metalics has approved the setting up of further capacities at its integrated units in Sambalpur and its material subsidiary’s plant at Jamuria to capitalize business synergies and add facilities for continued cost leadership.
- Company’s pellet plant has an existing capacity of 1.80 MTPA, and it intends to expand it further by 1.20 MTPA at both plants. The company estimates a capital expenditure of Rs180 crore for each plant in the said expansion. The expansion will be fully completed by September 2023.
- It also plans expansion of its existing 1st and 2nd Line of Wagon Tripler and Railway Siding to 3rd and 4th Line at Sambalpur and Jamuria plants, with an anticipated expense of Rs90 crore for each plant. The line expansion is estimated to be completed by March 2023. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
10:40 AM
Live market updates
- Sangam (India) Ltd stock trade marginally higher as the company informed that the Hon'ble National Company Law Tribunal (NCLT), Jaipur bench has approved the Scheme of Amalgamation of Sangarn Lifestyle Ventures limited (wholly owned subsidiary company) - with Sangam (India) -Limited -on dated March 11, 2022.
- At around 10:43 AM, Sangam (India) was trading at Rs298.15 apiece up by Rs0.45 or 0.15% from its previous closing of Rs297.70 apiece on the BSE.
- The current market cap of the company is Rs1,292.66cr. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
10:30 AM
Live market updates
- Equity market indices are bullish, tracking positive global cues.
- BSE Sensex is 56,459.68 up 682.83 points or 1.22%.
- Nifty50 is currently 16,854.50 up 191.50 points or 1.15%. Nifty Bank is at 35,548.55, up 1.50%. Mid-cap Index is up 1.45%.
- IndusInd Bank, Axis Bank, HDFC, Ultratech Cement, and Grasim are the top gainers. Cipla, Sun Pharma and Tata Consumer are the top losers.
- Nifty Metal, Auto, Consumer Durables, and Banking and Financial Services stocks are bullish while Nifty Pharma stocks trade lower.
- Out of 50 stocks traded on the NSE, 47 advanced and 3 declined. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
10:30 AM
Live market updates
- Max Healthcare Institute Ltd. informed the exchanges of the resignation of its Non-executive Director Ms. Ananya Tripathi, effective from March 14, 2022, as a nominee of Kayak Investments Holding Pte. Ltd. (“Kayakâ€).
- Consequently, Ananya also ceases to be a member of the Nomination & Remuneration Committee, Corporate Social Responsibility Committee, Debenture Committee, Stakeholder Relationship Committee, and Business Responsibility & Sustainability Committee of the Board of Directors of the Company.
- Further, the company has approved the appointment of Gaurav Trehan as an Additional Director (Non-Executive and Non-Independent) on its Board effective from March 15, 2022, as a nominee of Kayak. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
10:28 AM
Live market updates
- According to the Ministry of Finance, there are 255 operational Central Public Sector Enterprises (CPSEs) as on March 31, 2021, with a total turnover of Rs24,26,045 crore in 2020-21. This was stated by Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in a written reply to a question in Lok Sabha.
- Giving more details, the Minister stated that out of these, 177 CPSEs are profit-making with a total profit of Rs1,89,320 crore. The total profit of profit-making CPSEs has increased by 37.53% and the total loss of loss-making CPSEs has decreased by 29.86% during FY 2020-21 over FY 2019-20. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
10:20 AM
Live market updates
- The Board of Directors of Wardwizard Innovations & Mobility Limited in its meeting held on Tuesday, March 15, 2022 have considered and approved the allotment of 56,70,303 equity shares pursuant to Rights Issue to its existing equity shareholders as on the record date i.e. January 22, 2022 at Issue price of Rs82/- per Equity Share including share premium of Rs81/- per share and on application which constitutes 50% of the Issue Price (i.e Face Value of Rs0.50/- and Share Premium of Rs40.50/-) and the balance Rs41/- per Rights Equity Share which constitutes 50% of the Issue Price, will have to be paid, on one or more subsequent Call(s), as determined by the Board at its sole discretion, said company in a filing.
- At around 10:20 AM, Wardwizard Innovations was trading at Rs80.75 per share higher by 2.02% on the BSE. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
10:19 AM
Live market updates
- Solar Energy Corporation of India Limited (SECI), a Govt. owned company under MNRE has released an Expression of Interest for setting up of 1000 MWh Battery Energy Storage Systems (BESS) on October 14, 2021.
- Central Electricity Authority (CEA)/Ministry of Power (MoP) has prepared a Report on Optimal Generation Capacity Mix for 2029-30. The Report identifies Pumped Hydro Storage System (PSP) and Battery Energy Storage Systems (BESS) as the commercially deployed solutions for providing requisite storage capacity. As per the report, a Battery Energy Storage capacity of 27,000 MW/108,000 MWh (4-hour storage) is projected to be part of the installed capacity in 2029-30. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
10:10 AM
Live market updates
- A-1 Acid Ltd has informed that the company has paid an advance tax of Rs51 lakh on March 15, 2022 which sums total to Rs1.52 crore for A.Y. 2022-23.
- As per regulatory filing, "this has been possible only due to the continuous efforts of staff and Management's effective decision making. Also the company will definitely report growth and expansion by increasing customer and overwhelming response to our services. We are truly inspired and look forward to perfect ourselves more and more", said Company on Tuesday. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
10:07 AM
Live market updates
- Genus Paper & Boards Limited informed the exchanges Tuesday that it has successfully commenced production of duplex paper from one of the production lines at a new unit in Muzaffarnagar, Uttar Pradesh.
- The Muzaffarnagar unit has manufacturing facilities for the production of kraft paper and duplex paper. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:56 AM
Live market updates
- CARE Ratings has reaffirmed the credit ratings of the instruments/Facilities of Arvind Fashions Limited. The rating on long-term / short-term bank facilities has been reaffirmed at CARE A- (stable outlook) / CARE A2+.
- “Rating agency took note of recovery in Company’s operational performance during Q3FY22 resulting in improvement in PBILDT margins and registering net profit after many quarters of losses along with improvement in debt coverage indicators on the back of reasons mentioned above and significant reduction in debt,†company said in a filing on Wednesday. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:47 AM
Live market updates
- Wipro Limited has announced that that it has been positioned as a ‘Leader’ in the Everest Group PEAK Matrix for Intelligent Automation in Healthcare Solutions Provider 2022 report.
- The report recognized Wipro’s key strengths as its “ecosystem of strategic alliances and partnerships, increased capabilities under Revenue Cycle Management (RCM), proactiveness, ideation capability and collaboration.†Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:35 AM
Live market updates
- Equity benchmark indices extended morning trades on Wednesday amid buying interest seen in all sectors and also positive global cues. Investors cheered the fall in crude oil prices globally that also indicates the Federal Reserve may be less 'hawkish' than expected in its monetary meeting tonight.
- Meanwhile, investors are also monitoring the developments of ongoing Russia-Ukraine war and increasing Covid cases, lockdowns in China territory which will set the mood of market players for next week.
- As of 9:38 AM, the benchmark BSE Sensex rose 829.16 points or 1.49% to 56,606.01, while the broader NSE Nifty surged 237.15 points or 1.42% higher to 16,900.15. Mid- and small-cap shares also trade bullish as Nifty Midcap 100 index was up 1.42% and small-cap shares were trading 1.56% higher. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:33 AM
Live market updates
- Dredging Corporation of India Limited board accorded approval for signing of contract with Cochin Shipyard Limited, Cochin for construction of 12000 Cu.M Hopper Capacity Trailer Suction Hopper Dredger at a cost of about Euro 104 Million under Make in India - Atma Nirbhar Bharat Program.
- The construction period is about three years. The contract with CSL will be signed on March 17, 2022.
- At around 9.35 am, Dredging Corporation of India Ltd was trading at Rs332.05 per share up by Rs14.75 or 4.65% from its previous closing of Rs317.30 per share on the BSE. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:31 AM
Live market updates
- The Board of Directors of Zomato Limited has approved a grant of loan up to a value of US$150 million to Grofers India Private Limited (Blinkit). The loan shall be extended in one or more tranches and the senior management of the Company has been authorized by the board to decide the key terms of the loan and execute the definitive documents at a future date.
- As per the terms, the interest rate shall be 12% or higher with a tenor of not more than 1 year.
- Blinkit will use this loan to support its capital requirements in the near term and is in line with Zomato’s stated intent of investing up to $400 million cash in quick commerce in India over the next 2 years. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:24 AM
Live market updates
- India is committed to cleaner energy and a low-carbon pathway for achieving accelerated economic growth. Hydrogen is a key element of the energy strategy and would play a key role in the low carbon energy pathways. Green Hydrogen offers huge opportunities to decarbonize a range of sectors including road transportation and is gaining unprecedented momentum globally. Transportation powered by Green hydrogen is going to be a key technology option of the future with the significant application, especially across bigger cars, buses, trucks, ships and trains and best suited for medium to long distances.
- Aligning with the Prime Minister’s vision of achieving Energy Independence, and as a part of Toyota commitment towards promoting sustainability by adopting multiple pathways to enable energy shift from fossil fuel and towards the conservation of our environment, Toyota Kirloskar Motor Pvt. Ltd. along with International Center for Automotive Technology (ICAT) is conducting a Pilot project to study and evaluate the world’s most advanced Fuel Cell Electric Vehicle (FCEV) Toyota Mirai which runs on hydrogen, on Indian roads and climatic conditions. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:20 AM
Live market updates
- Wipro Limited has joined the Open Source Security Foundation (OpenSSF) on the governing board to help address the growing threat to the software supply chain.
- The OpenSSF is a cross-industry organization hosted at the Linux Foundation that brings together the world’s most important open source security initiatives to help identify and fix security vulnerabilities in open source software and develop improved tooling, training, research, best practices, and vulnerability disclosure practices. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:17 AM
Live market updates
- Indrayani Biotech Limited has announced that the Company, in association with Matrix Boilers, has commenced the operations of Boiler division.
- Accordingly, the company has started marketing Industrial Boilers under the brand name “IBL Matrixâ€. Also, the Boiler Division of the Company has bagged its first order for 6TPH Steam Boiler and the same has been delivered successfully to “The Softtech Processing Millsâ€, Perundurai, Erode. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:16 AM
Live market updates
- SEAMEC Ltd stock is in focus on Wednesday regarding intimation of Board Meeting for consideration of draft Scheme of Arrangement.
- In a regulatory filing, the company informed that the Board of Directors of the Company is scheduled to be held on Monday, March 28, 2022, inter-alia to consider and evaluate draft scheme of arrangement in connection with proposal of merger / demerger / reverse merger / restructuring arrangement between the Company and HAL Offshore Limited (HAL). Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
8:57 AM
Live market updates
- Union Minister for Road Transport and Highways Nitin Gadkari has said the cost of construction has to be reduced without compromising on Quality. Addressing the 17th Annual Conference on ‘Road Development in India’ organised by Indian Infrastructure he said by using different waste materials like waste rubber and plastic in road construction dependence on cement and steel can be reduced.
- He said innovation, entrepreneurship, science, research, a skill we name it as knowledge and to convert that is future. The minister said efforts are on to formulate policy for rating the contractors and companies for making DPRs. He said along with ethanol, methanol, biodiesel, bio CNG and electric Green hydrogen is the fuel for the future. Shri Gadkari said it is time for the country to create more alternatives and competition. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
8:48 AM
Live market updates
- The Minister of State for Petroleum and Natural Gas, RameswarTeli in a written reply to a question in the Rajya Sabha informed that the geopolitical situation between Russia and Ukraine has resulted in steep increase in global crude oil and gas prices.
- Government of India is closely monitoring global energy markets as well as potential energy supply disruptions as a fall-out of the evolving geopolitical situation.
- In November 2021, in a bid to control inflationary pressures, Government of India, in consultation and parallelly with major energy consumers, had agreed to release 5 million barrels from its Strategic Petroleum Reserves. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
8:45 AM
Live market updates
- Moody's Investors Service has upgraded to B2 from B3 the corporate family rating (CFR) of Macrotech Developers Limited (MDL) and the backed senior secured rating of Lodha Developers International Limited's USD bonds, which are guaranteed by MDL.
- The outlook on the ratings remains positive.
- "The upgrade of MDL's ratings to B2 from B3 reflects the company's improved liquidity following the partial prepayment of its $225 million backed senior secured bonds due in 2023, as well as a continued recovery in operating performance both at India and London," says Sweta Patodia, a Moody's Analyst. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
8:05 AM
Live market updates
- Here is the important stock market news to watch out for today.
- Markets to open on a positive note; support @16,450, resistance at 17,000.
- FIIs sold shares worth Rs1249.74cr (cash), bought Rs98.25cr in index futures.
- US markets close higher. Asian Markets open in the green.
- Brent crude was trading 1.27% higher at $101.18 per barrel.
- One 97 Communications (Paytm) Munish Ravinder Varma resigned as non-executive, non-independent director of the company due to personal commitments and other pre-occupations.
- Infibeam Avenues: The board has approved the appointment of Sunil Bhagat as Chief Financial Officer of the company, in place of Hiren Padhya. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
7:58 AM
Live market updates
- SGX Nifty is at 16,922.80 levels, lower 274.15 points. (Updated at 8:00 AM)
- Nifty saw a good start succumb to last hour profit booking as the index had seen 5 days of consecutive gains.
- The sell-off was across the board as the Nifty fell nearly 300 points before closing lower by 200. Bank Nifty also saw intraday swings of over 930 points before closing lower by 289.
- Midcaps also saw profit booking as the Nifty smallcap 100 index closed lower by 1.41%. Metals, ONGC,& IT stocks saw selling pressure while auto & FMCG bucked the trend. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
7:54 AM
Live market updates
- One 97 Communications (Paytm) Munish Ravinder Varma resigned as non-executive, non-independent director of the company due to personal commitments and other pre-occupations.
- Infibeam Avenues: The board has approved the appointment of Sunil Bhagat as Chief Financial Officer of the company, in place of Hiren Padhya.
- Zomato acquired a 16.66 percent stake in Mukunda Foods Private Limited, a food robotics company, for cash consideration of $5 million. The board also approved a loan of up to $150 million to Grofers India in one or more tranches. The loan to Grofers is in line with its stated intent of investing up to $400 million cash in quick commerce in India over the next 2 years. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
7:40 AM
Live market updates
- On the Nifty index, Tata Steel was the top loser, followed by Hindalco, ONGC, Coal India and JSW Steel were also among the laggards. On the other hand, Tata Consumer, M&M, Cipla, Shree Cement and Maruti settled in the green.
