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Kalpataru completes sale of 100% stake in Kalpataru Satpura Transco to CLP India

CLP India is owned by CLP Group, one of the largest investor-owned power businesses in Asia, and Caisse de dpt et placement du Qubec (CDPQ), one of Canada's leading institutional fund managers.




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Sebi extends reduced cut-off time for MFs subscription, redemption till further notice

For subscriptions to liquid and overnight schemes, the regulator has revised the time to 12.30 pm, while the same for other schemes is 1 pm.




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Nifty Bank drops 950 points from day’s high; check what led to last hour sell-off on Dalal Street

Nifty is approaching its support zone of 9100-9000 levels, however, any violation of this will cause further weakness towards 8800 levels




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Investor wealth tumbles Rs 6.98 lakh crore in two days of market fall

Following the two-day fall in equities, the market capitalisation of BSE-listed companies plunged by Rs 6,98,419.77 crore to Rs 1,22,43,201.05 crore.




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Market LIVE: Sensex ends 232 pts up, Nifty Bank rises over 750 pts from day’s low; autos, financial stocks gain

Share Market News Today | Sensex, Nifty, Share Prices LIVE: As many as 21 stocks out 30 Sensex scrips finished trade in positive territory with M&M as the top gainer, up 5.27 per cent, followed by Bajaj Finance, HDFC Bank and ICICI Bank.




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Indian Oil, HPCL, BPCL share prices fall up to 13% as they decide to bear petrol, diesel excise burden

Hindustan Petroleum Corporation (HPCL) share price declined 13 per cent to Rs 186.70 apiece on the BSE.




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Sensex, Nifty reverse opening losses, gain over 1% each; what’s driving markets today

HDFC, HDFC Bank, ICICI Bank, Reliance Industries (RIL) and Bharti Airtel were among the top index contributors




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Gold prices rise today, snap three-day losing streak despite ease in lockdown restrictions in India

On MCX, gold June futures rose Rs 37 to Rs 45,788 per 10 grams. Similarly, silver July futures were trading Rs 403 or 0.96 per cent higher at Rs 42,299 per kg




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NIIT Technologies share price jumps 15% on healthy March quarter earnings, declares interim dividend

NIIT Technologies share price surged 15% on the stock market after the company posted a strong January-March quarter result on Tuesday.




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Sebi asks 8 entities to make open offer to Kanchan International shareholders

The market regulator also directed the entities to pay 10 per cent interest along with the offer price to shareholders who were holding shares at the time when the company violated the Sebi norms.




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Sensex, Nifty snap two-day losing streak, financials outperform; key factors behind market rally

The rally in Sensex and Nifty was supported by buying in financial counters with HDFC Bank, HDFC, ICICI Bank and Bajaj Finance as top index contributors




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Nifty preparing for more downside? Two stocks to stay immune from the weakness ahead

After witnessing sharp weakness on Monday, Nifty shifted into a mixed trend with range bound action in the last couple of sessions.




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UP hikes petrol price by Rs 2 per litre, diesel by Rs 1 per litre to garner Rs 2,070 cr

Petrol will cost Rs 73.91 per litre while diesel will be available at Rs 63.86 per litre in the state, finance minister Suresh Khanna told reporters after the Cabinet meeting here.




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Half of wheat purchase target met despite delayed start

The Food Corporation of India (FCI) has been able to buy half of its wheat procurement target of 40.7 million tonne by Wednesday despite a delayed start this year as Punjab has exceeded expectation by purchasing nearly 75% of its target in only 22 days.




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Market Highlights: Sensex ends 241 pts down, Nifty settles below 9,200; HDFC Bank, Kotak Bank fall, Yes Bank up 6%

Share Market News Today | Sensex, Nifty, Share Prices Highlights: ONGC was the top laggard on BSE Sensex, with a fall of 4.54 per cent. NTPC, Kotak Mahindra Bank, Bharti Airtel and Titan were other losers on the Sensex pack




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Yes Bank results surprise investors, share price soars 20% to hit circuit; check net profit, income

Yes Bank shares jumped 20 per cent to hit upper circuit at Rs 31.60 apiece on BSE in otherwise weak trade on Thursday. Bank reported a net profit of Rs 2,629 crore for the quarter ended on March 31.




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Gold prices gain 18% in less than two months as coronavirus cases spike, silver rates rise

Gold prices have gained over 18 per cent from their recent low of Rs 38,400 per 10 grams hit on March 16, 2020. While silver futures surged 25 per cent from its low of Rs 33,580 per kg touched in March.




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Reliance Industries share price jumps even as Sensex falls; RIL denies Jio investment buzz

Reliance Industries share price extended gains in the late afternoon trade on Thursday, jumping over 2%, while headline index Sensex mostly traded in red, even as RIL denied the buzz about talks with Microsoft for further investment in its telecom arm Jio.




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Wary of stock market investments? History shows investors could pocket healthy gains in coming months

The March mayhem that saw domestic benchmark indices tank 24% in not behind investors despite a decent recovery in the month of April. However, the coming few months could be crucial for investors.




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Sensex, Nifty crash may be an opportunity to buy; markets doubled after 2008 global financial crisis

If history is any guide, adversity offers maximum value. The global financial crisis in 2008 culminated in the index being up nearly 100% in 2009.




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Franklin Templeton CEO tells why India debt funds closed down: This SEBI rule ‘orphaned’ funds

Franklin Templeton shifted part of the blame for the recent winding down of six of its debt mutual funds on to capital markets regulator Securities and Exchange Board of India.




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Rakesh Jhunjhunwala recently bought 2.75 lakh shares of Rallis India, but here’s why you should not

Among one of the companies that ended up in Rakesh Jhunjhunwala’s shopping cart during the January-March quarter was another Tata Group company -- Rallis India.




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Share Market Highlights: Sensex, Nifty end higher in volatile trade; RIL, HUL, Infosys among top index contributors

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Out of 30 Sensex stocks, 16 scrips finished trade in red with NTPC as top laggard, down 4 per cent, followed by M&M, Axis Bank, IndusInd Bank and State Bank of India (SBI)




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RIL, SBI Cards, HUL among top stocks in action today; Sensex, Nifty gain in morning trade

In the morning session, BSE Sensex reclaimed 32,000-mark while Nifty 50 was trading near its crucial 9,400. These five stocks in action today




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Gold prices fall today amid spike in coronavirus cases, still trade above Rs 46,000; silver rates rise

On MCX, gold June futures were trading Rs 153 or 0.33 per cent down at Rs 46,008 per 10 grams. Silver July futures were ruling at Rs 43,265 per kg, up Rs 142 or 0.33 per cent.




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SEBI rebukes Franklin Templeton after CEO’s comments: ‘Focus on returning investors money’

Market regulator SEBI, late Thursday night advised Franklin Templeton to focus on returning investor’s money after the fund house decided to wound up six of its debt mutual fund schemes.




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Mukesh Ambani’s Reliance Industries steps up to trim debt, mulls Rs 7500 cr Asian Paints stake sale

Reliance Industries controlled by Mukesh Ambani, Asia’s richest person, is in discussions with banks for a potential sale of its 4.9% stake in Asian Paints Ltd. through a series of block trades.




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HCL Technologies share price now up 27% from recent lows, should investors buy or sell?

HCL Technologies posted strong March quarter numbers with revenue increasing by 16% on-year basis and PAT jumping 22.7% in the same time period. The stock has surged 27% from recent lows and is now down just 10% year-to-date.




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Sun Pharma, Aurobindo Pharma among top stock picks from Pharma sector; CLSA sees gain up to 30%

Among pharma stocks, the top stock picks of CLSA are Sun Pharma, Cipla, Aurobindo Pharma and Cadila Healthcare, recommending a 'buy' rating on them




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HUL share price up 4% after GSK, Horlicks sell 5.7% stake but down 16% in one month, should you buy?

Hindustan Unilever share price jumped 4% on Friday to trade at Rs 2,070 per share on the NSE Nifty-50 after a bulk deal that saw French multinational investment bank and financial services company, Societe Generale buy 1,29,00,000 shares.




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Equity MF inflows hit 4-month low of Rs 6,108 crore in April

Fears of deepening global slowdown due to the COVID-19 outbreak and subsequent lockdowns have spooked the markets globally, including in India.  Almost all the equity-oriented mutual fund categories registered net inflows last month.




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RIL, HUL lift Sensex 200 pts higher, Nifty slips from day’s high; check what kept markets volatile

Various news flows viz., stake sale by Reliance Industries in its subsidiary Jio Platforms, block deal in HUL, government’s decision to increase the tax on retail fuel etc., influenced the market movements.




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Eyes on offshore currency market as NSE, BSE start trading rupee-dollar derivative on subsidiaries

The National Stock Exchange’s subsidiary NSE IFSC and the Bombay Stock Exchange’s India INX on Friday launched trading in the Indian Rupee-US Dollar Futures & Options contact.




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Investors have already started changing their strategy: Bhaskar Majumdar, Managing Partner, Unicorn India Ventures

Cash flows will be tight and they may also experience delay in the investment cycle, but this is a temporary phase, says Bhaskar Majumdar, managing partner, Unicorn India Ventures (UIV), a Mumbai-based fund house.




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Gas Utilities – Industrial PNG, CNG volumes likely to be hit

FY21/22e EPS lowered by 22-33/9-13%; softer LNG prices a positive; GUJGA and MGL are to be preferred.




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Analyst Corner: Grasim Industries rating – ‘hold’; COVID-19 has worsened outlook for VSF business

There’s absence of catalysts to narrow holdco and conglomerate discount that has risen of late; ‘Hold’ retained with TP of Rs 550.




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Analyst Corner: Hexaware Tech rating ‘add’; A subdued quarter for the company

Margins expected to fall in CY20e; downgraded to ‘Add’ with reduced TP of Rs 330




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New kids on the block: These mobiles will hit the stores soon

The lockdown has stalled the rollout of the latest handsets. On the brighter side, popular brands will witness pent-up demand once the lockdown is lifted. Here are some of the smartphones slated to hit the market soon.




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Zoom 5.0: Your video calls are now safe and secure

What does the new encryption algorithm mean for you, and what other security functionality should users be aware of?




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Ashok Leyland shifts gears to make Covid-19 ventilators

Ashok Leyland, flagship company of the Hinduja group, on Monday announced a slew of initiatives to manufacture and distribute ventilators.




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Spectrum dues: No corporate guarantee, need bank guarantee, DoT to Voda-Idea

The department of telecommunications (DoT) is understood to have turned down the offer of Vodafone Idea to furnish a corporate guarantee instead of a bank guarantee to cover its deferred spectrum installment for the current fiscal.




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ICICI Lombard Rating: Retain ‘sell’ with fair value of Rs 875

A sharp slowdown in the motor business and lower interest rates will put pressure on ICICI Lombard’s FY21E performance.




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Why small cardamom exports to Saudi Arabia likely to rise this Ramadan season

Small cardamom exports to Saudi Arabia are likely to increase during the current Ramadan season with the Saudi authorities agreeing to accept the globally accepted Codex Food Standards of the United Nations.




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Amazon sees demand for electrical devices, clothes, work-from-home enablers after relaxation

Amazon on Monday said the company is seeing demand for various kinds of smart devices and other products like electrical appliances, clothes and work from home enablers in the orange and green zones.




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Franklin Templeton effect: Credit risk funds see AUM decline by Rs 19,000 crore in April

Credit risk funds have seen assets decline by nearly Rs 19,000 crore in April as investors rushed to redeem their money after the closure of six debt schemes by Franklin Templeton Mutual Fund, data showed.




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Investors may need to take control of Zee Learn from promoters: IiAS

A proxy advisory firm has raised objections to the corporate governance structure at Zee Learn, part of the Essel group, expressing concerns over the company’s capital allocation decision, related-party transactions and acquisition of MT Educare.




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COVID-19 woes: Marico net profit declines 3% in Q4

Consumer goods major Marico posted a 3% year-on-year (y-o-y) decline in net profit to Rs 204 crore for the quarter ended March 31, while the revenue from operations, at Rs 1,496 crore, declined 7% y-o-y.




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Maharashtra govt withdraws decision to allow sale of BT Cotton seeds from May 1

The decision was taken after the state agriculture department approached the Central Institute of Cotton Research (CICR), Nagpur, seeking advice against the backdrop of the Covid-19 pandemic affecting the country.




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Lockdown relaxation: Tirupur garment cluster to resume ops; units start getting queries from abroad

The Tamil Nadu government has announced relaxations allowing industries, particularly export units, to resume operations with standard operating procedure as suggested by the Union government.




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Bhel’s Make in India push to its idle plants; invites global firms to use its manufacturing facilities

With an eye at coronavirus as an opportunity, to put its idle plants to work, state-run Bhel has offered its manufacturing facilities to be used by global manufacturing firms looking to shift base.