SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
4:15 PM
Live market updates
- Mindtree Limited informed the investors and exchanges that India Ratings and Research (Ind-Ra) has maintained Mindtree Limited’s Long-Term Issuer Rating at ‘IND AAA’, the same as last year. It has assigned a stable outlook to the company’s facilities.
- It has affirmed the ‘Ind A1+’ rating to the company’s fund-based working limits worth Rs510 crore. Its non-fund-based limits worth Rs150 crore have also been affirmed as ‘Ind A1+’ rating by the agency. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
4:08 PM
Live market updates
- Domestic markets closed higher for the second straight day following global cues as U.S Fed raised interest rates on the expected lines, by 25 bps. Moreover, the markets also drew confidence from Fed chief Powel's claim that the American economy is resilient to handle contractionary monetary policy. The recent rebound has certainly eased some pressure however lingering geopolitical tension combined with an uptick in the COVID case in China will continue to keep the participants on the edge.
- The stock markets will remain closed on Friday on account of the "Holi" festival.
- BSE Sensex jumped 1,047 points or 1.84 per cent to close at 57,864, while the broader NSE Nifty moved 312 points or 1.84 per cent higher to settle at 17,287. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
4:02 PM
Live market updates
- Embassy Office Parks REIT on Thursday has announced its commitment to achieve net zero carbon emissions by 2040 across its operational portfolio, three decades ahead of India’s 2070 target set at the Glasgow COP26 summit in 2021.
- Embassy REIT had proactively commissioned net zero studies in the last year for its largest properties. Based on the study results, a pathway to net zero has been laid out, consisting of a 5-point strategy to be applied across its portfolio. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
4:00 PM
Live market updates
- GlaxoSmithKline completes the transaction related to the sale of the Company's trademarks 'pertaining to 'lodex' and 'Ostocalcium' brands in India to GlaxoSmithKline Asia Private Limited. The company has informed the exchanges on March 16, 2022, post-market filing.
- The company has initiated the execution of this transaction on July 26, 2021, and has finally concluded this in March.
- Glaxo’s stock remains in focus today as the firm completes the transaction. GlaxoSmithKline is one of the largest research-based pharma players that develops, manufactures, discovers, and markets human health products. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
3:51 PM
Live market updates
- A Power Purchase agreement for procuring 1500 MW power from Thermal Power Project at TALABIRA, Jharsuguda District in Odisha was signed between TANGEDCO and NLCIL (NLC India Ltd) in the presence of the Hon'ble Chief Minister of Tamil Nadu Thiru M.K Stalin.
- The Agreement was signed by Shaji John, Director (Power) on behalf of NLC tndia Ltd and U.B.Eleni, Director (Generation) on behalf of TANGEDCO.
- NLC India Limited, a Navratna PSU under the administrative control of Ministry of Coal, GoI, is in the process of setting up a thermal power Plant with a capacity of 2400 MW consisting of 3 Units of 80OMW super critical technology. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
3:25 PM
Live market updates
- MBL Infra announced on Thursday that it has won the Arbitration Award of Rs78.84 crore against West Bengal Highway Development Corporation Ltd, for a Road project in the state of West Bengal.
- The company stock was in demand on Thursday and towards close of trade MBL Infrastructures Ltd was trading at Rs29.40 per piece up by Rs1.4 or 5% (upper circuit) from its previous closing of Rs28 per piece on the BSE. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
3:05 PM
Live market updates
- Godrej Industries Limited (GIL)has made further investment in Godrej Capital Limited (GCL), its subsidiary on March 16, 2022. GIL has acquired 12,657 fully paid up Equity Shares of face value of Rs10/- each of GCL. Consequently, the Company now holds 87.11% of the total paid up share capital of Godrej Capital Limited.
- “GCL is an investment holding company which holds Godrej Housing Finance Limited and Godrej Finance Limited (formerly known as Ensemble Holdings and Finance Limited),†company said in a filing on Wednesday. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
2:57 PM
Live market updates
- Gufic Biosciences Ltd. has incorporated a wholly-owned subsidiary called Gufic UK, United Kingdom. The new entity will support the company’s pharmaceutical business expansion in the European markets.
- The cost of acquisition is 1000 pounds, consisting of 1000 equity shares of 1 pound each.
- Gufic Biosciences is an emerging pharma company known for its innovative and high-quality pharmaceutical and Herbal Products along with a wide range of APIs. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
2:52 PM
Live market updates
- Jammu and Kashmir Bank Ltd has informed that the Board of Directors of the Bank in their meeting held today i.e. March 17, 2022, subject to regulatory approvals as applicable, have approved raising of BASEL III compliant Tier II capital upto Rs1000 crore in the form of non-convertible, redeemable, unsecured, bonds, on a private placement basis.
- According to the regulatory filing, the meeting commenced at 11:00 A.M. and concluded at 12:20 P.M. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
2:30 PM
Live market updates
- Indices maintain a 2% upside as metal and auto stocks also surge with financial services and consumer durables stocks.
- BSE Sensex is 58,022.93 up 1206.28 points or 2.12%.
- Nifty50 is currently 17,322.35 up 347.00 points or 2.04%. Nifty Bank is at 36,557.90, up 2.26%. Mid-cap Index is up 1.49%. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
2:30 PM
Live market updates
- Inflame Appliances Limited, a leading manufacturer of home and kitchen appliances, has announced the most prestigious first trial order for 3100 Chimneys from TUAREG MARKETING PRIVATE LIMITED (Brand Name: INALSA), which is group company of TAURUS (Spanish group) of adding one more milestone to expansion.
- Commenting on the Order, Amit Kaushik, CEO & CFO, Inflame Appliances said: "We are pleased to share another milestone development. Demand for home and kitchen appliances will grow manifold over the coming decade and Inflame Appliances is committed to the vision of growing production rapidly to be the leading manufacturer in India." Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
1:56 PM
Live market updates
- Bharat Petroleum Corporation Limited’s (BPCL) Board of Directors has appointed Dr. Suman Billa, Principal Secretary, (Industries & Norka), Govt. of Kerala, as Government Nominee Director effective from March 16, 2022.
- Dr. Suman Billa is a senior lAS officer who passed out from the 1996 batch. He possesses M.Phil from Jawaharlal Nehru University and has been a British Chevening Gurukula Scholar at the London School of Economics.
- Before his assignment as Principal Secretary, (Industries & Norka), Govt. of Kerala, he was associated with the United Nations World Tourism Organization in Madrid, Spain as the Director, Technical Cooperation & Silk Road. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
1:54 PM
Live market updates
- Inflame Appliances Limited, a leading manufacturer of home and kitchen appliances, has announced the most prestigious first trial order for 3100 Chimneys from TUAREG MARKETING PRIVATE LIMITED (Brand Name: INALSA), which is group company of TAURUS (Spanish group) of adding one more milestone to expansion.
- Commenting on the Order, Amit Kaushik, CEO & CFO, Inflame Appliances said: "We are pleased to share another milestone development. Demand for home and kitchen appliances will grow manifold over the coming decade and Inflame Appliances is committed to the vision of growing production rapidly to be the leading manufacturer in India." Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
1:48 PM
Live market updates
- CARE Ratings has reaffirmed the credit rating for total of Rs216.90 crore Bank Facilities and Fixed Deposit (FO) Programme of Gillanders Arbuthnot and Company Limited.
- The rating on long-term Bank Facilities Rs112.69 crore has been reaffirmed at CARE BBB and. Outlook revised from Stable. For long-term / short-term Bank Facilities Rs19 crore CARE BBB; Positive /CARE A3 rating has been reaffirmed while Outlook revised from Stable. The rating on short-term Bank Facilities Rs85.21 crore have been reaffirmed at CARE A3. 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 57,897.75 up 1081.1 points or 1.90%.
- Nifty50 is currently 17,289.15 up 313.80 points or 1.85%. Nifty Bank is at 36,486.00, up 2.07%. Mid-cap Index is up 1.82%.
- JSW Steel, HDFC, Titan, Eicher Motors, and Tata Steel are the top gainers. ONGC, IOC, NTPC, Cipla and HCL Tech are the top losers.
- Nifty Consumer Durables, Metal, Auto, Realty and Banking and Financial Services drive the bullish trade on Thursday.
- Out of 50 stocks traded on the NSE, 44 advanced and 6 declined. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
1:23 PM
Live market updates
- The High Court (HC) of Andhra Pradesh (AP) vide its order on March 15, 2022 in the matter of PPA tariff renegotiation, initiated by Government of Andhra Pradesh (GoAP) for wind and solar power projects, has set aside its previous order issued in September 2019 by a single judge bench of the HC. The AP High Court in its order dated September 2019 had ordered the AP state distribution utilities (or “discomsâ€) to make the payments at interim tariff of Rs2.43/2.44 per unit, instead of PPA tariff and had set aside the order issued by GoAP earlier in July 2019, to form a high-powered committee to review the wind and solar power tariffs.
- The HC in its latest order has thus reinforced the sanctity of power purchase agreements (PPAs) signed between the wind & solar (or “renewable energy / REâ€) independent power producers (IPPs) and state discoms. As per the order, the HC has directed the state discoms to honor the terms of the signed PPAs and clear the pending payments, as per the agreed tariff under the PPA within six weeks from the date of the order. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
1:23 PM
Live market updates
- Allcargo Logistics’ Board of Directors have approved an interim dividend of Rs3 per equity share of Rs10 each.
- As the investors cheers this announcement, Allcargo’s stock so far added 5.11% and was last trading at Rs328.05 against its previous closing price of Rs312.10.
- The interim dividend shall be paid to all shareholders of the company whose names are appearing on the company’s register until March 25, 2022, which is also the record date for this purpose. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
1:10 PM
Live market updates
- Wipro Limited announced that it has been assessed at Level 5 in CMMI for Development V2.0.
- The appraisal identified salient strengths such as leadership commitment to quality and delivery excellence through various initiatives and adoption of multiple models, frameworks, and standards.
- In addition, the appraisal highlighted well established process ecosystems with deep measurement analytics employing statistical and quantitative models to stabilize, predict and multiply the capabilities to deliver value to its clients. The consistent emphasis on innovation which led Wipro to ingrain creativity as part of its organizational culture has been highlighted as well. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
1:00 PM
Live market updates
- Om Infra Limited, a prominent EPC Company involved in infrastructure projects related to water, irrigation and hydroelectric power projects executing turnkey solutions from design engineering, procurement, construction, commissioning including Operation & Maintenance, have received following Letter of Awards:
- For "work of Nokha Water Supply Project to provide Functional Household Tap Connection (FHTC) including 10 years O & M under Jal Jeevan Mission (JJM) in District Bikaner" for an estimated contact value of Rs609 crore. (Om Infra Share in joint venture is 50%) Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
12:59 PM
Live market updates
- Hindustan Construction Company Limited informed the investor and exchanges that the company has won orders worth Rs609 crore by the Public Health Engineering Department, Govt of Rajasthan, for the construction of the Nokha Water Supply Project to provide Functional Household Tap Connection (FHTC) in Bikaner District.
- Hindustan Construction has won this order in consortium with Om Infra Ltd, with a 50% share in the Joint Venture.
- The scope of work involves constructing a network of water distribution lines of over 1000 km, including main trunks, cluster distribution, and village distribution lines, elevated storage reservoirs, clear water reservoirs, and booster pumping stations at several locations. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
12:43 PM
Live market updates
- Ramco Industries Limited’s long-term instruments received an ‘ICRA AA- ‘ rating from the rating agency ICRA Ltd. Agency has given a stable outlook for the company’s long-term instruments.
- The company’s short-term instruments have been rated ‘ICRA A1+’.
- Total bank facilities are worth Rs500 crore, out of which short-term facilities value at Rs350 crore. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
12:36 PM
Live market updates
- Nifty Banking stocks surged over 2% while Financial Services stocks jumped 3% to lift the markets on Thursday. Kotak Bank, RBL Bank, HDFC Bank and Axis Bank, out performed while State Bank of India, ICICI Bank and IndusInd Bank also were in the fast lane.
- HDFC led the gains among financial stocks while Piramal Enterprises, ICICI Prudential, SBI Life were also bullish.
- Punjab & Sind Bank and Indian Bank were the top gainers among PSU Bank stocks. 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 remain firm in gains; Metal, consumer durables and Banking & Financial stocks outperform.
- BSE Sensex is 57,952.15 up 1135.5 points or 2.00%.
- Nifty50 is currently 17,304.20 up 328.85 points or 1.94%. Nifty Bank is at 36,525.70, up 2.17%. Mid-cap Index is up 1.86%.
- JSW Steel, HDFC, Titan, Eicher Motors, and Tata Steel are the top gainers. IOC, ONGC, HCL Tech, Cipla and Power Grid are the top losers.
- Nifty Consumer Durables, Metal and Banking and Financial Services drive the bullish trade on Thursday.
- Out of 50 stocks traded on the NSE, 44 advanced and 6 declined. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
12:22 PM
Live market updates
- Disa India Ltd. informed that a meeting of the Board of Directors is scheduled to be held on Monday, March 28, 2022, to consider and declare Interim Dividend, if any, on the equity shares of the Company for the Financial Year 2021-22.
- The company stated that the Record Date to determine the entitlement of the equity shareholders for the said Interim Dividend, if declared, by the Board of Directors, is being fixed as Friday, April 08, 2022.
- Disa India is a leading player in the manufacturing of world-class industrial equipment, catering to the needs of aluminum and iron foundry industries across a broad spectrum of sector applications. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
11:59 AM
Live market updates
- Flipkart, India’s homegrown e-commerce marketplace, has launched its third grocery fulfillment center in Kolkata to meet customers’ rising demand in the east India regions.
- Since the launch of Flipkart’s second fulfillment center in Kolkata in June 2021, the demand has increased by a staggering 75% for the e-grocery services. East India being one of the most important and strong markets, this facility further boosts the infrastructure requirements of the regional MSMEs, sellers & local farmers to get wider market access, leading to the success of these local businesses & communities.
- To ensure grocery services are made available to all customers, the new facility will offer its services in 500 PIN codes spread across Kolkata and the neighboring cities of Uluberia, Sankrail, and in the state of Jharkhand. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
11:45 AM
Live market updates
- India Cements Ltd stock trades higher on Thursday trade after it has launched two new cement products viz., Conkrete Super King (CSK) and Halo Super King (HSK).
- Conkrete Super King (CSK) is a novel product with a one stop solution to all concrete needs from foundation to roof. The unique features of this product are high durable strength, quick setting time, easy workability, corrosion resistance, everlasting smooth finish, no seepage and all-weather proof nature.
- Halo Super King (HSK) is a product exclusively designed for pre-cast hallow blocks. HSK enables quit setting, enhanced structural strength and stability, catering to all needs from AAC to Hollow blocks. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
11:38 AM
Live market updates
- PNC Infratech Limited announces receipt of over Rs82.68 crore towards bonus for early completion of one of its EPC projects. The project is “Development of Purvanchal Expressway (Package V) from Sansarpur (Dist. Sultanpur) to Gobindpur (Dist. Azamgarh) Km. 164+300 to Km. 218+300, in the state of Uttar Pradesh†from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), Authority for the project, on March 16, 2022.
- The project has been completed on October 26, 2021, one hundred thirty-two (132) days ahead of the Scheduled Completion Date. Accordingly, bonus @ 0.04% of the contract price (Rs1566.00 crore), for each day of early completion, received by the Company in terms of the contract agreement. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
11:30 AM
Live market updates
- Indices maintain huge gains secured in early morning trade. Consumer Durables, Financial stocks lead the way.
- BSE Sensex is 57,875.81 up 1059.16 points or 1.86%.
- Nifty50 is currently 17,259.05 down 283.70 points or 1.67%. Nifty Bank is at 36,488.15, up 2.07%. Mid-cap Index is up 1.88%.
- Titan, HDFC, Eicher Motors, Kotak Bank, and Asian Paints are the top gainers. IOC, ONGC, HCL Tech, Cipla and Britannia are the top losers.
- Nifty Consumer Durables stocks surge 3% while Banking and Financial Services are also well over 2% higher to lead an all-green trade on Thursday.
- Out of 50 stocks traded on the NSE, 43 advanced, 6 declined and 1 unchanged. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
11:26 AM
Live market updates
- The Board of Directors of Tube Investment of India Limited has approved the appointment of Mukesh Ahuja as an Additional Director and as the Managing Director (Key Managerial Personnel) of the Company for a term of 5 (five years) effective from April 1, 2022.
- Apart from this, the company has also appointed Tejpreet Singh Chopra as an Additional Director, designated as lndependent Director for a period of 5 (five) years effective from March 16, 2022.
- TI India also appointed M A M Arunachalam, presently the Chairman (non-executive, promoter) of the Board of Directors as a Whole-time Director (Key Managerial Personnel) designated as the Executive Chairman, for a term of 5 (five years), effective from April 1, 2022. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
11:25 AM
Live market updates
- Bajaj Finserv Ltd has informed that based on the recommendation of the Nomination and Remuneration Committee of the Company, the Board of Directors on March 16, 2022, has re-appointed Sanjiv Bajaj as the Managing Director of the Company for a further period of 5 years w.e.f. April 01, 2022, subject to the approval of the Shareholders of the Company.
- Sanjiv Bajaj, born on 02 November 1969, graduated first-class with distinction in B.E. (Mech) from the University of Pune, and then completed M.Sc. (Manufacturing Systems Engineer) with distinction from the University of Warwick, UK, and further holds Master’s degree in business administration from Harvard Business School, the USA. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
11:12 AM
Live market updates
- Voltas Limited will enter into a joint venture arrangement with Highly International (Hong Kong), a wholly owned subsidiary of Shanghai Highly (Group) Company.
- The establishment of a joint venture in India is for engaging in the business of design, development, manufacture, marketing, sale and service of inverter compressors for room air-conditioners, motors for inverter compressors, and their associated parts including sourcing of raw materials & components required for manufacturing these products, on such terms and conditions as may be mutually agreed between the parties.
- The incorporation of the Joint Venture Company is subject to fulfillment / satisfaction of certain conditions precedent to 'Closing' of the transaction and obtaining necessary approvals. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
11:07 AM
Live market updates
- Shree Cement stock zooms near 3% after the company has commenced trial run of its new Clinkerisation Unit (Kiln -3) at Baloda Bazar, near Raipur in Chhattisgarh.
- This clinkerisation unit shall augment Company’s clinker supply to its various grinding units in Eastern region. The Company has also set up Waste Heat Recovery Power unit alongside the kiln, which will produce green power and help meet Company’s power requirement.
- This brownfield investment in Kiln-3 at Raipur will generate employment and revenue generation opportunities and contribute to the overall growth and development of the State. Company has funded the entire investment from its internal accruals. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
11:00 AM
Live market updates
- JSW Energy Limited has completed the reorganization of the Company’s Green (Renewable) Business and Grey (Thermal) Business. The Board at its meeting held on November 25, 2021, had approved the re-organisation of the Company’s Green (Renewable) Business and Grey (Thermal) Business.
- The following actions to effectuate the reorganization have been completed:
- 1. Transfer of 100% of the equity shares held by JSW Future Energy Limited in (i) JSW Renew Energy (Kar) Limited and (ii) JSW Renewable Energy (Dolvi) Limited, to JSW Neo Energy Limited (JSWNEL).
- 2. Transfer of 100% of the equity shares held by JSW Hydro Energy Limited in JSW Energy (Kutehr) Limited to JSWNEL.
- 3. Transfer of 100% of the equity shares held by the Company in JSW Hydro Energy Limited to JSWNEL. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
10:53 AM
Live market updates
- In its filing with the exchanges, Embassy REIT Limited informed the investors and exchanges that in its meeting held on March 17, 2022, through audio-visual electronic communication, the Board of Directors has approved fundraising by way of issuance of listed, rated, secured, redeemable, transferable, rupee-denominated non-convertible debentures aggregating up to Rs1,000 crore in one or more tranches by the Embassy REIT.
- The funds raised will be utilized towards ongoing growth initiatives including development and acquisition(s), investment in the holding company special purpose vehicles or the investment entity of the Embassy REIT, including through subscription to debt securities and general purposes, subject to applicable law at the discretion of and in such manner as may be approved by the Board. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
10:51 AM
Live market updates
- The Board of Directors of Urja Global Limited at its meeting held on March 16, 2022 has approved the proposal to invest and subscribe to additional shares aggregating to Rs2 crore in wholly owned subsidiary of the company "Urja Batteries Limited" for enhancing production capacity.
- As per regulatory filing, the board also approved setting up of Assembling unit for assembling E-Scooters at Sampla, Haryana.
- Further, the board also approved appointment of Gaurav Aggarwal as Chief Executive officer (CEO) of the company. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
10:45 AM
Live market updates
- India Ratings & Research, a Fitch Group Company (Ind-Ra), while affirming the earlier Long-term Issuer Rating of ‘IND A/Stable’ has further assigned the rating of ‘IND A/Stable’ to the proposed Subordinate Debt issue of upto Rs1.5 billion by Care Health Insurance Limited (formerly known as Religare Health Insurance Company Limited), material subsidiary of Religare Enterprises Limited, on March 15, 2022.
- At around 10.48 am, Religare Enterprises Ltd was trading at Rs114.90 per piece up by Rs2 or 1.77% from its previous closing of Rs112.90 per piece on the BSE. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
10:36 AM
Live market updates
- Happiest Minds Technologies Ltd., a digital transformation and IT Solutions company, today announced its strategic partnership with OutSystems, a pioneer and leader in the low-code application development market.
- Happiest Minds and Outsystems share a mutual vision to transform how enterprise software is delivered to their customers. This partnership intends to add a world-class, low-code platform to Happiest Minds’ portfolio so that the companies could develop, deploy, and manage omnichannel enterprise applications that run in the cloud, or hybrid environments. 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 surge over 1.7%, tracking positive global cues; Sensex gains over 1000 points, Nifty up nearly 300 points.
- BSE Sensex is 57,830.44 up 1013.79 points or 1.78%.
- Nifty50 is currently 17,265.15 up 289.80 points or 1.71%. Nifty Bank is at 36,509.35, up 2.13%. Mid-cap Index is up 1.73%.
- HDFC, Kotak Bank, Titan, Asian Paints, and Tata Consumer are the top gainers. IOC, Cipla and ONGC are the top losers.
- Nifty Banking and Financial Services, and Consumer Durables stocks surge over 2% to lead an all-green trade on Thursday.
- 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%)
10:24 AM
Live market updates
- DLF Ltd has informed that ICRA based on a review of the latest developements has upgraded its long-term rating on the Banking Facilities and Non-convertible Debentures (NCDs) of DLF Cyber City Developers Limited (DCCDL), a material subsidiary of the Company to ICRA “AA†Stable from ICRA “AA-"(Minus) Stable.
- On Thursday at around 10:27 AM, DLF was trading at Rs362 apiece up by Rs6.65 or 1.87% on the BSE.
- The scrip touched an intraday high at Rs364.10 per piece today. The current market cap of the company is Rs87,960.20cr. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
10:15 AM
Live market updates
- Mahindra & Mahindra Limited has on Wednesday signed a Share Purchase Agreement (Secondary Purchase) and a Share Subscription and Shareholders Agreement (Primary Infusion) with Carnot Technologies Private Limited, an Associate of the Company.
- Pursuant to the Secondary Purchase and Primary infusion the Company will acquire 7,423 Equity Shares from its existing Shareholders and also subscribe to 1,613 Series C Compulsory Convertible Cumulative Participating Preference Shares (Series C CCCPS), respectively of Carnot. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
10:13 AM
Live market updates
- Ugar Sugar Works Ltd has informed that a fire incident took place in its factory situated al Ugar Khurd, Belgaum on Tuesday afternoon around 3:30 P.M.
- "However, the fire was brought under control within two to three hours of the incident. No injuries have been taken place due to fire", said company.
- It further added, '"here is no major loss due to fire. The crushing will start within 24 hours after thorough inspection. We have already intimated the concerned departments and other statutory authorities about the fire accident." Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
10:11 AM
Live market updates
- L&T Technology Services informed the investors and exchanges that the company has appointed Prajakta Powle as the Company Secretary & Compliance Officer of the Company effective from March 17, 2022. Prajakta will succeed in the office of Ankita Gawankar, who has tendered her resignation as the Interim Compliance Officer of the company.
- Prajakta is a qualified Company Secretary with over 16 years of experience with prestigious organizations in India. She has comprehensive experience in managing all aspects of the secretarial & legal functions assuring consistent compliance with all applicable laws, legislation, rules, regulations & guidelines. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:58 AM
Live market updates
- Fitch Ratings has affirmed Tata Chemicals Limited long-term Foreign-Currency Issuer Default Rating (IDR) at BB+ (Outlook: Stable).
- The company stock was steady on Thursday morning amid bullish markets. At around 10.00 am, Tata Chemicals Ltd was trading at Rs943.35 per share up by Rs5.75 or 0.61% from its previous closing of Rs937.60 per share on the BSE. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:52 AM
Live market updates
- Jindal Poly Films Limited ("JPFL") has signed an agreement for the sale of a minority stake in its packaging films business to Brookfield Asset Management (NYSE: BAM, TSX: BAM.A), which, through its Special Investments program ("BSI"), and together with institutional partners (collectively "Brookfield"), has agreed to make an Rs2,000 crore investment in the company.
- Further, the transaction will result in JPFL carving out its packaging films business, which generates approximately 85% of its total revenue, into a wholly owned subsidiary in which BSI will hold a minority stake. JPFL will continue to own its non-woven business unit and other corporate assets. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:50 AM
Live market updates
- Godrej Properties Ltd., one of the leading real estate players in India, informed the investors that it has attained sales of 855 homes worth Rs1,650 crore within a year of the launch of its product Godrej Woods in Noida in March 2021. The total amount is inclusive of sales of Rs509 crore and sales of Rs1141 crore in YTD FY22.
- Godrej Woods homes are set amidst a lush green urban forest with over 600 trees, located in Noida Sector 43. This project offers several lifestyle amenities such as rivulet, infinity-edge, orchards, a café, a forest trail, and an elevated walkway. The project is situated right next to the 97-acre Noida Golf Course. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:48 AM
Live market updates
- The Board of Directors of NXT DIGITAL Limited (NDL) at its meeting on Wednesday, accorded an in-principle approval for merger of Hinduja Leyland Finance Limited (HLFL), a Non-Banking Finance Company (NBFC) into NDL, subject to all statutory or regulatory approvals and approval of the shareholders.
- Post the decision to transfer the Digital, Media & Communications Business undertaking to Hinduja Global Solutions Limited, (which is subject to necessary regulatory and shareholder approvals), NDL has been evaluating various proposals in line with its objective of pursuing high growth oriented business opportunities that could bring in incremental value. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:39 AM
Live market updates
- Indian markets were broadly on a bull run in the opening bell of Thursday led by strong positive global cues. Sensex neared to 57,700-level, while Nifty 50 stretched its gain to near 17,200 in the early deals.
- The performance comes after US Federal Reserve raised intrest rates on Wednesday for the first time since the 2020 outbreak of Covid pandemic. Globally, US markets ended higher tracking gains in technology stocks amid the Fed's rate hike.
- Meanwhile, investors are cautious about a sharp slowdown for China, because of spreading Covid-19 virus again which has signalled more stimulus support to the market. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:35 AM
Live market updates
- Adani Power Limited has on Wednesday completed the acquisition of 100% of paid up share capital and management control of EPMPL (Essar Power M P Ltd), a company undergoing insolvency resolution under the Insolvency and Bankruptcy Code.
- The cost of acquisition of EPMPL along with rehabilitation cost is over Rs4,250 crores for 1200 MW power plant, including estimated cost of compliance on environmental and emission norms, company said in a regulatory filing.
- National Company Law Tribunal, Principal Bench at New Delhi (NCLT), had on November 01, 2021, approved the resolution plan submitted by Adani Power Limited for acquisition of EPMPL which owns a 1,200 MW thermal power plant in Singrauli Dist., Madhya Pradesh. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:28 AM
Live market updates
- Oil India Limited informed the exchanges that the Board of Directors of the Company at its meeting held on March 16, 2022, has accorded its approval for Rs6,555 crore investment by subsidiary company Numaligarh Refinery Limited for implementation of petrochemical project at Numaligarh, Assam.
- The board also approved the formation of a joint venture company between Assam Gas Company (AGCL) and Oil India (OIL) for the three geographical areas offered by Petroleum and Natural Gas Regulatory Board (PNGRB). Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:17 AM
Live market updates
- The Board of Directors of Steel Authority of India Ltd (SAIL) at its meeting held on March 16, 2022, has approved the payment of 2nd Interim Dividend for the FY 2021-22 @ Rs2.50/- per equity share (25% on the paid up equity share capital of the Company).
- Further as per regulatory filing, the record date for the purpose of payment of 2nd Interim Dividend is March 29, 2022.
- At around 9:17 AM, SAIL was trading at Rs98.65 per share higher by 1.49% on Sensex. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:16 AM
Live market updates
- Yasho Industries Limited, a leading manufacturer & supplier of specialty and fine chemicals, has announced that the Board of Directors of the Company has approved a capital expenditure of Rs350 crore in Phase 1 for its greenfield project at Pakhajan (Dahej), Gujarat.
- The company intends to manufacture lubricant additives and rubber chemicals with a total capacity of 15500 MT per annum in phase 1 at this new facility. Post expansion, the total manufacturing capacity will increase from 11,000 MTPA to 26,500 MTPA with a revenue potential of Rs500 crore to Rs550 crore in Phase 1 at full capacity utilisation.
- Further, the project is expected to be completed in 24 months after receiving all necessary governmental approval. The capital expenditure towards the project will be financed through a combination of internal accruals and debt, said Company. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
9:15 AM
Live market updates
- Tata Steel Advanced Materials Limited (TSAML), a step-down subsidiary of Tata Steel Limited on March 16, 2022, has completed the acquisition of 90% equity shares in Ceramat Private Limited (CPL) for Rs90,000. TSAML and Ceramat had executed a Share Purchase cum Shareholders’ Agreement on February 28, 2022.
- CPL was incorporated on November 2, 2021, for the purpose of advanced ceramics with health care focus. CPL is jointly promoted by Sabyasachi Roy and Tushar Gothi. Sabyasachi Roy is a ceramic technologist and an entrepreneur and Tushar Gothi has been associated with ceramic business for 16 years. CPL has not commenced operations.
- During early trade on Thursday, Tata Steel Ltd was trading at Rs1,281.55 per piece up by Rs16.35 or 1.29% from its previous closing of Rs1,265.20 per piece on the BSE. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
8:43 AM
Live market updates
- Yasho Industries Limited, a leading manufacturer & supplier of specialty and fine chemicals, announced that the Board of Directors of the Company has approved a capital expenditure of Rs350crore in Phase 1 for its greenfield project at Pakhajan (Dahej), Gujarat. The company intends to manufacture lubricant additives and rubber chemicals with a total capacity of 15500 MT per annum in phase 1 at this new facility.
- Post expansion, the total manufacturing capacity will increase from 11,000 MTPA to 26,500 MTPA with a revenue potential of Rs500 crore to 550 crore in Phase 1 at full capacity utilisation. The project is expected to be completed in 24 months after receiving all necessary governmental approval.
- The capital expenditure towards the project will be financed through a combination of internal accruals and debt. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
7:55 AM
Live market updates
- Here is the important stock market news to watch out for today.
- Markets to open on a positive note; support @16,650, resistance at 17,400.
- FIIs bought shares worth Rs311.99cr (cash), bought Rs772.55cr in index futures.
- US markets close higher. Asian Markets open in the green.
- Brent crude was trading 0.87% higher at $98.87 per barrel.
- OIL India said subsidiary Numaligarh Refinery will invest Rs 6,555 crore for implementation of petrochemical project at Numaligarh, Assam. The board also approved formation of a joint venture company between Assam Gas Company (AGCL) and Oil India (OIL) for the three geographical areas offered by Petroleum and Natural Gas Regulatory Board [PNGRB]. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
7:50 AM
Live market updates
- OIL India said subsidiary Numaligarh Refinery will invest Rs 6,555 crore for implementation of petrochemical project at Numaligarh, Assam. The board also approved formation of a joint venture company between Assam Gas Company (AGCL) and Oil India (OIL) for the three geographical areas offered by Petroleum and Natural Gas Regulatory Board [PNGRB].
- Voltas will enter into a joint venture arrangement with Highly International (Hong Kong), a wholly owned subsidiary of Shanghai Highly (Group) Company.
- Gufic Biosciences has incorporated a wholly owned subsidiary firm - Gufic UK, to expand its pharmaceutical business in United Kingdom. Read more
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
7:35 AM
Live market updates
- SGX Nifty is at 17,282.80 levels, higher 276.25 points. (Updated at 7:35 AM)
- Nifty saw a good start on a superb day with foreign investors also turning buyers as the index came within striking distance of 17000 hitting 16987.
- Bank Nifty also was the big gainer up over 2%. Cement & bank stocks lead the gainers with metals seeing short-covering as the broader markets outperformed with Nifty next 50 index up 2.26%.
- US Market: US markets see 2nd day running as Federal Reserve raises rates by 25 basis points as per market expectations. Read More
SENSEX
37,055.00-2.234 (0.45%)
37,055.00-2.234 (0.45%)
7:20 AM
Live market updates
- The overall market breadth on BSE stood positive as 2,307 shares advanced while 1,121 declined.
