Tag: ola

Tata power to invest Rs 3000 cr to set up solar cell

Tata power to invest Rs 3000 cr to set up solar cell
Monday, July 4, 2022
Indian power giant Tata Power on July 4 Monday announced that it has inked a pact with the Tamil Nadu government to invest Rs 3,000 crore for setting up a new facility to manufacture solar cells and modules in the Tirunelveli district of the state. Tata Power has signed a Memorandum of Understanding with the Tamil Nadu government to invest about ₹3,000 crores to set up a solar cell, module manufacturing unit in Tirunelveli, Tamil Nadu. Both parties pledged to encourage the state's shift to clean energy and employment. Investment in the facility will be made over a 16-month period that will result in the creation of more than 2,000 job opportunities, with the majority of workers in the workforce being female. The MoU was signed by S Krishnan, additional chief secretary to the government of Tamil Nadu, Industries Department, and Praveer Sinha, CEO & MD, Tata Power, in the presence of state chief minister M K Stalin and senior officials of the state Read more

MARKET UPDATE:Market volatile;Sensex opened 250 points up at 57,421, while Nifty climbed 100 points to 17,270

MARKET UPDATE:Market volatile;Sensex opened 250 points up at 57,421, while Nifty climbed 100 points to 17,270
Tuesday, April 19, 2022
The Indian benchmark indices started today's(19 April 2022) session with nominal gains after a day of a huge sell-off, as global cues remained mixed. But soon after, the indices fizzled out gains and turned volatile. The BSE Sensex opened 250 points up at 57,421, while the NSE Nifty climbed 100 points to 17,270. Among the Sensex-30 shares, Ultratech Cement, Bajaj Twins, Tata Steel, L&T, HUL, Axis Bank, and Titan were the leading gainers, up 1-1.5 percent. Coal India, Eicher Motors, Grasim, and Tata Consumer were the top gainers on the Nifty. Meanwhile, HDFC twins, Infosys, Dr. Reddy's, HCL Tech, Tech M, Bharti Airtel, and Kotak Bank, meanwhile, were the top losers on the indices. Read more

Closing Bell: Sensex down 1491 points, Nifty at 15863.15

Closing Bell: Sensex down 1491 points, Nifty at 15863.15
Monday, March 7, 2022
At close, the Sensex is down 1491 points or 2.74% at 52842.75, and the Nifty was down 382 points or 2.35% at 15863.15, as the US and European Union mulled boycotting importing oil from Russia. Consequently, fears of tighter oil and gas supplies, higher inflation, and, thus, faster-than-expected rate hikes by global central banks hit investor sentiment. Bharti Airtel, HCL Tech, Infosys, ITC, and Tata Steel were the top gainers in the Sensex pack.,ONGC, Hindalco, Coal India, UPL, Cipla, ITC, NTPC, and JSW Steel were the additional gainers on the Nifty. On the downside, IndusInd Bank, Maruti Suzuki, Bajaj Finance, Axis Bank, Britannia, Bajaj Finserv, Tata Motors, Ultratech Cement, ICICI Bank, SBI, Hero Moto, HDFC, L&T, HUL, RIL, and HDFC Life were the losers in the Sensex pack.The BSE MidCap and SmallCap indices closed 2.2 percent lower each. Sectorally, indices of rate-sensitive sectors such as Auto, Realty, Bank, Financial Services fell between 4 and 5.5 percent. Read more

LIC IPO may be delayed to next fiscal year amid market swings: Report

LIC IPO may be delayed to next fiscal year amid market swings: Report
Friday, March 4, 2022
The IPO of LIC of India is set to be delayed into the next financial year amid market swings triggered by the Russia-Ukraine crisis, according to some sources. Bankers and officials are preparing to shift the listing of the state-run insurer to after the current fiscal year, which ends in March, as per the source. A formal announcement could be expected this week or next, they added. LIC’s underwriters have seen muted interest during early meetings with potential anchor investors, according to the people. Many fund managers have been wary of making major commitments amid the market volatility, the people said. Read more

Closing Bell:Sensex ended the day 54 points lower at 57,833 levels, while Nifty closed at 17,276, down 28 points

Closing Bell:Sensex ended the day 54 points lower at 57,833 levels, while Nifty closed at 17,276, down 28 points
Friday, February 18, 2022
The volatile streak in the markets extended into a third straight day today(18th Feb.2022) mainly due to the investor's fear about the ongoing tensions between Russia and Ukraine. The S&P BSE Sensex ended an extremely choppy day 54 points, or 0.1 percent, lower at 57,833 levels, while the Nifty50 shut shop at 17,276, down 28 points or 0.16 percent. Reliance Industries, Infosys, Ultratech Cement, Bajaj Finance, ICICI Bank, Bharti Airtel, and M&M were the major drag on the Sensex today(18th Feb.2022), accounting for most of the losses. This downside was capped by gains in HDFC twins, L&T, TCS, and Axis Bank. In the broader markets, the BSE MidCap and SmallCap indices shed 0.8 percent each with individual stocks, including Gland Pharma, Honeywell Automation, Astral Ltd, Hindustan Media Ventures, Asian Energy Services, and Unichem Labs cracking between 4 percent and 8 percent. Read more

MARKET UPDATE: Sensex down 133 points at 57,759 and Nifty at 17,246, lower by 58 points

MARKET UPDATE: Sensex down 133 points at 57,759 and Nifty at 17,246, lower by 58 points
Friday, February 18, 2022
The Indian benchmark indices started to trade lower for the third session in tandem with the bearish global cues on the rising Russian-Ukraine conflict. The BSE Sensex was down 133 points at 57,759 and the NSE Nifty was at 17,246, lower by 58 points. Among the Sensex-30 constituents, NTPC, Maruti, M&M, Tata Steel, L&T, PowerGrid, IndusInd Bank, and SBI were the top gainers, trading up between 0.4-1 percent. On the Nifty, Coal India, UPL were the additional gainers, up 2 percent and 1 percent, respectively. On the downside, Cipla, Wipro, Tech M, Nestle, Infosys, HCL Tech, Ultratech Cement, HDFC Bank, TCS, Asian Paints, meanwhile, were the top losers, down up to 1 percent. In the broader markets, the BSE MidCap and SmallCap indices were also in the negative territory, down 0.4 percent each. The volatility index climbed 5 percent as investors grew jittery. Read more

India will soon have Electricity OTC market

India will soon have Electricity OTC market
Thursday, February 17, 2022
Soon, in India, anyone buy can sell or trade electricity – both conventional (coal, gas hydro) and renewable energy (solar, wind). The over-the-counter (OTC) market allows buyers and sellers to directly transact electricity, and negotiate the price and contract. To facilitate this trade Indian electricity market will have a new platform. Apex regulator Central Electricity Regulatory Commission (CERC) last week issued the guidelines for setting up an OTC platform in India, which the sector executives said would be the world’s first regulated OTC platform. The CERC in a 2017 order identified the need for a regulatory framework in India to help electricity consumers buy directly. Read more

MARKET UPDATE: Sensex down 43 points at 57,953, while Nifty flat at 17,326 level

MARKET UPDATE: Sensex down 43 points at 57,953, while Nifty flat at 17,326 level
Thursday, February 17, 2022
The Indian benchmark indices turned volatile soon after they opened with modest gains today(17th February 2022). The market sentiment is being weighed on account of the weekly F&O expiry. The BSE Sensex was down 43 points at 57,953, while the NSE Nifty was flat at 17,326 level. Banking stocks came under selling pressure amid losses led by IndusInd Bank, Axis Bank, ICICI Bank, and HDFC Bank, down 0.5-1 percent. Other top losers were Shree Cement, Ultratech Cement, Dr. Reddy's, SBI, and Bajaj twins. On the upside, PowerGrid, Reliance, M&M, HDFC, and Titan were the top Sensex gainers, up to 1 percent higher. Cipla, Tata Motors, HeroMoto Corp, ONGC, Tata Consumer, and Bajaj Auto were the top Nifty gainers, up 1-2 percent.

MARKET UPDATE: Sensex opened 299 points up at 58,442, while the NSE Nifty climbed 81 points to 17,433

MARKET UPDATE: Sensex opened 299 points up at 58,442, while the NSE Nifty climbed 81 points to 17,433
Wednesday, February 16, 2022
The Indian benchmark indices started today's(16th February 2022) session higher extending the previous day's strong rally as concerns around the Russia-Ukraine conflict eased. The BSE Sensex opened 299 points up at 58,442, while the NSE Nifty climbed 81 points to 17,433. The indices soon after the opening were seen turning volatile as they slipped into the red zone. From the Sensex-30 shares, M&M, Bajaj Finance, HDFC, PowerGrid, NTPC, Bajaj Finserv, HCL Tech, Kotak Bank, HDFC Bank, Nestle, ITC, and Bharti Airtel were the top gainers, up 0.3-2 percent. On the Nifty, BPCL, IOC, HDFC Life, Coal India, and Grasim were the additional gainers. On the downside, Titan, Tata Steel, L&T, Shree Cement, Ultratech Cement, Wipro, and ICICI Bank, meanwhile, were the top losers. Read more

MARKET UPDATE: Sensex up 104 points at 56,510 and Nifty 25 points higher at 16,868 points

MARKET UPDATE: Sensex up 104 points at 56,510 and Nifty 25 points higher at 16,868 points
Tuesday, February 15, 2022
The Indian benchmark indices pared some of their opening gains in early morning deals today (15th February 2022). The BSE Sensex was now up 104 points at 56,510 and the NSE Nifty50 was 25 points higher at 16,868 points. HUL, Titan, Wipro, Nestle India, Tech M, Infosys, Kotak Bank, L&T, TCS, and HCL Tech were leading gains on the Sensex, up between 0.7-1.7 percent. Tata Steel, NTPC, IndusInd Bank, ICICI Bank, Axis Bank, and Cipla were the top losers on the Sensex and Nifty. Shares of Cipla slipped 5 percent to Rs 910 on the BSE after more than 2 percent of the total equity of pharmaceutical companies changed hands via a block deal. In the broader markets, the BSE MidCap and SmallCap indices had slipped into red now, trading 0.5 percent and 1 percent lower, respectively. Read more

MARKET UPDATE:Sensex was now 1,100 points at 57,041, and the NSE Nifty was at 17,032, lower by 348 points

MARKET UPDATE:Sensex was now 1,100 points at 57,041, and the NSE Nifty was at 17,032, lower by 348 points
Monday, February 14, 2022
The Indian key benchmark indices held on to sharp losses in early morning trade today (14th February 20222) but were slightly off lows. The indices had slumped at open amid high global volatility on a possible Russian invasion of Ukraine. The BSE Sensex was now 1,100 points at 57,041, and the NSE Nifty was at 17,032, lower by 348 points. HDFC, IndusInd Bank, Tata Steel, SBI, ICICI Bank, M&M, and Bharti Airtel were the top Sensex laggards, down 3-3.5 percent. JSW Steel led losses on the Nifty, trading 5 percent lower, followed by additional losers-HDFC Life and Tata Motors. The overall market breadth was also highly negative with 2,630 stocks declining on the BSE, while only 517 were trading higher. Read more

MARKET UPDATE:Sensex at 58,343, down 300 points, while Nifty lower by 90 points at 17,426

MARKET UPDATE:Sensex at 58,343, down 300 points, while Nifty lower by 90 points at 17,426
Monday, February 7, 2022
The Indian benchmark indices were extending losses amid high volatility and were down 0.5 percent each today(7th February 2022). The BSE Sensex was at 58,343, down 300 points, while the NSE Nifty was lower by 90 points at 17,426. Among top gainers on the Sensex, SBI, PowerGrid, Tata Steel, NTPC, Reliance, Tech M and Bajaj Finserv were the only stocks in the green zone, up between 0.8-2 percent. Bajaj Finance, M&M, Dr. Reddy's, L&T, Bharti Airtel, Infosys, Asian Paints, HDFC twins, Wipro, and ITC were the top laggrads, down 1-2 percent. On the Nifty, Hero MotoCorp, Bajaj Auto, Divis Labs, Cipla, and Eicher Motors were the additional losers. This apart, the BSE Auto index was down over 1 percent and was a prominent loser sectorally. Read more

MARKET UPDATE:Benchmark indices volatile; Sensex up 50 points at 58,837, while Nifty just 6 points higher at 17,567

MARKET UPDATE:Benchmark indices volatile; Sensex up 50 points at 58,837, while Nifty just 6 points higher at 17,567
Friday, February 4, 2022
The Indian benchmark indices were volatile in early morning trade today (4th February 2022) after starting on a lower note as IT stocks traded weak in line with the US tech stock rout overnight. The BSE Sensex was up 50 points at 58,837, while the NSE Nifty was just 6 points higher at 17,567. Tata Steel was the top Sensex gainer, up 2 percent ahead of its Q3 earnings. Ultratech Cement, IndusInd Bank, HDFC Bank, power grid, Sun Pharma, Dr. Reddy's, L&T, SBI, and NTPC were the other gainers, up between 0.5-1.8 percent. On the flip side, Wipro, Titan, RIL, ITC, HCL Tech, TCS, Infosys, HUL, Maruti, Hero MotoCorp, and Tata Consumer were the top losers on the bourses. In the broader markets, the BSE MidCap index was marginally up by 0.05 percent, while the SmallCap index was trading 0.34 percent higher. Read more

MARKET UPDATE:BSE Sensex 926 points down at 56,931, while the NSE Nifty at 17,013, down by 264 points

MARKET UPDATE:BSE Sensex 926 points down at 56,931, while the NSE Nifty at 17,013, down by 264 points
Thursday, January 27, 2022
The Indian benchmark indices opened on a sharply lower note and were down up to 1 percent today(27th January 2022) amid weak global cues and a possibility of rate hikes by the Federal Reserve from March. The BSE Sensex was 926 points lower at 56,931, while the NSE Nifty was at 17,013, down by 264 points. In the broader market, the BSE MidCap and SmallCap indices were also in red and were down up to 1.6 percent. All Sensex-30 shares were trading in the negative territory barring Axis Bank, Maruti, and IndusInd Bank. Titan, Wipro, Tech M, HDFC twins, Infosys, Nestle, Dr. Reddy's, HCL Tech, Tata Steel, Bajaj twins, TCS, and Ultratech Cement were the top losers, down 2-3 percent. On the Nifty, ONGC was the sole gainer, up 2 percent. Meanwhile, Grasim, Eicher Motors, and Divis Labs were the additional losers. The fear gauge that is the volatility index was also up 7.6 percent around 23 levels, reflecting nervousness among investors. Read more

Volatility in market likely to continue next week; investors to be cautious

Volatility in market likely to continue next week; investors to be cautious
Saturday, January 22, 2022
The market in India snapped its four-week winning run as benchmark indices fell about three-and-a-half percent amid rising geopolitical tensions and fear of earlier-than-expected interest rate hikes. Foreign institutional investors turned bearish again, withdrawing money from equities and moving debt. Selling was seen across sectors with IT, pharma, and some banking names leading the loss chart. According to many analysts, this volatility in the market will likely continue for a while and advised the investors to be cautious. “Along with global disturbances, the uncertainties regarding the upcoming budget will likely keep the Indian market highly volatile in the coming days,'' said an expert. Global equity markets were also volatile on the back of expectations of faster interest rate hikes by the US Federal Reserve, rise in US bond yields, higher crude oil prices, and concerns over rising inflation. Read more

MARKET UPDATE:Sensex down 285 points at 60,469 while Nifty at 18,044 lower by 68 points

MARKET UPDATE:Sensex down 285 points at 60,469 while Nifty at 18,044 lower by 68 points
Wednesday, January 19, 2022
The Indian benchmark indices extended their opening losses and were 0.5 percent lower in early morning trade today (19th January 2022). The BSE Sensex was down 285 points at 60,469 while the NSE Nifty was at 18,044 lower by 68 points. The index slipped below 18,000 to a low of 17,950 earlier. Infosys, Asian Paints, HCL Tech, Wipro, Ultratech Cement, Sun Pharma, Kotak Bank, L&T, TCS, HDFC, HUL, Airtel were the top laggards of the Sensex-30 pack and were trading 0.7-2 percent lower. On the Nifty, Tata Consumer, Adani Ports, HDFC Life, SBI Life, and Shree Cement were the additional losers. Read more

MARKET UPDATE:BSE Sensex up 100 points at 59,962, and NSE Nifty at 17,839, higher by 34 points

MARKET UPDATE:BSE Sensex up 100 points at 59,962, and NSE Nifty at 17,839, higher by 34 points
Wednesday, January 5, 2022
The Indian benchmark indices were seen recovering slightly in early morning deals in a volatile market today(5th January 2021). The BSE Sensex was up nearly 100 points at 59,962, and the NSE Nifty was at 17,839, higher by 34 points. Banking counters were the leading gainers with the Nifty Bank index up 1.2 percent. The top gainers on the Sensex were Bajaj twins(up 2 percent), followed by HDFC Bank, ICICI Bank, Axis Bank, SBI, up percent each. Metal stocks were also strong with APL Apollo, Jindal Steel, SAIL, JSW Steel, NMDC, HindCopper, Tata Steel, up between 0.6-1.8 percent. On the flip side, IT and Pharma stocks were the major laggards. Tech Mahindra, HCL Technology, Wipro, Infosys, and TCS were trading 0.8-2 percent lower on the BSE. Read more

MARKET UPDATE:volatile;BSE Sensex nearly 50 points lower at 57,755 while the Nifty50 testing the 17,200-mark

MARKET UPDATE:volatile;BSE Sensex nearly 50 points lower at 57,755 while the Nifty50 testing the 17,200-mark
Thursday, December 30, 2021
The benchmark indices opened on a quiet note for a second day amid slow investor participation and concerns around the omicron variant. The BSE Sensex was nearly 50 points lower at 57,755, while the Nifty50 was testing the 17,200-mark. In the broader markets, the BSE MidCap was 0.1 percent lower dragged by RBL Bank, Oberoi Realty, Shriram Transport Finance, Godrej Properties, Indian Hotels, Lodha, JSW Energy, IRCTC, down 1-3 percent. The BSE SmallCap index was, however, in the green zone, up 0.3 percent. Among Sensex-30 constituents, PowerGrid, Wipro, Tata Steel, Titan, Bharti Airtel, HCL Technologies, Tech Mahindra, Dr. Reddy's, Maruti, TCS, Infosys were the leading gainers, up 0.3-1 percent. On the Nifty, Tata Consumer was the additional gainer. Read more

MARKET UPDATE:Sensex, Nifty volatile;Sensex around 57,300, down 10 points while the Nifty little changed at 17,050

MARKET UPDATE:Sensex, Nifty volatile;Sensex around 57,300, down 10 points while the Nifty little changed at 17,050
Friday, December 24, 2021
Indian benchmark indices started on a muted note today(24th December 2021). The BSE Sensex was around 57,300, down 10 points while the Nifty50 was little changed at 17,050. In the broader markets, the BSE MidCap and SmallCap indices slipped up to 0.45 percent. Data Patterns (India) is set to debut on a stellar note today. The IPO had received a strong response with subscriptions of more than 111 times. The Grey Market Premium (GMP) indicates a likely 45-50 percent listing gain versus the issue price of Rs 585 per share.

Extreme volatility remains a hallmark of crypto investing

Extreme volatility remains a hallmark of crypto investing
Sunday, November 21, 2021
As Bitcoin has lost almost 20% in less than two weeks, it looks like extreme volatility remains a hallmark of crypto investing. But, it’s largely business as usual with bullish conviction intact in the bitcoin market. whereas in traditional markets moves on this scale are met with alarm. The largest cryptocurrency edged higher after earlier slipping as much as 3.4% to $55,663 on 19th Nov.2021. Some analysts say a sharp pullback is normal after prices skyrocketed 40% in October. China’s crypto crackdown and new U.S. tax-reporting provisions that are being viewed as unfriendly to crypto investors have also soured sentiment. “During 2016/17 Bitcoin winter, the thing that really took the wind out of the sails of crypto was when interest rates rose and liquidity was draining from the system,” said a financial expert. Read more

Closing Bell : High volatility;BSE Sensex ended 678 points lower at 59,307 and Nifty down 185 points at 17,672

Closing Bell : High volatility;BSE Sensex ended 678 points lower at 59,307 and Nifty down 185 points at 17,672
Friday, October 29, 2021
Today(29th Oct.2021) the markets exhibited a high amount of volatility for the second day in a row on the back of unabated selling pressure in select index heavyweights. The BSE Sensex tumbled to a low of 59,089, but eventually ended 678 points lower at 59,307. In the process, the BSE index has now shed 5 percent (2,938 points) from its recent peak of 62,245. The NSE Nifty logged its second straight weekly loss, down 185 points at 17,672. The Nifty has declined 3.8 percent (677 points) in the last two weeks. In intra-day trades on Friday, the 50-share index dipped to a low of 17,613 and was within striking distance of its 50-DMA (Daily Moving Average) at 17,570-odd levels. Read more

MARKET UPDATE:Sensex down 115 points at 60,706 while Nifty below 18,100 mark, down 60 points

MARKET UPDATE:Sensex down 115 points at 60,706 while Nifty below 18,100 mark, down 60 points
Monday, October 25, 2021
The Indian markets were off to a volatile start today(25th Oct.2021) as investors assessed the September quarter results of index heavyweights. Meanwhile, the choppy Asian market mood also rubbed off on investor sentiment back home. At 9.30 am, Sensex was down 115 points at 60,706 while Nifty was below the 18,100 mark, down 60 points. Nifty Realty was the worst sectoral performer, followed by Pharma, IT, and FMCG. The banking and financial sectors held ground in an otherwise weak market. Broader markets tumbled in tandem with benchmarks, while the volatility index, India VIX, spiked 5%. Read more

MARKET UPDATE:Volatile market;Sensex at 61,327 levels, up 403 points while the Nifty at 18,281 level, up 103 points

MARKET UPDATE:Volatile market;Sensex at 61,327 levels, up 403 points while the Nifty at 18,281 level, up 103 points
Friday, October 22, 2021
The Indian benchmark indices are holding on to their opening highs, although some pressure in the metal space is capping gains. At 10:05 AM, the BSE Sensex index was at 61,327 levels, up 403 points or 0.66 percent. It touched an intra-day high of 61,420 levels earlier today (22nd Oct.2021). NSE Nifty, too, was off the morning high of 18,314 level, and quoted at 18,281 level, up 103 points. Among individual stocks, shares of the Indian Energy Exchange (IEX) rallied 10 percent to Rs 832.85 on the BSE in Friday’s intra-day trade, after the company posted strong earnings for the second quarter ended September 2021 (Q2FY21) and also announced bonus shares in the ratio of 2:1. The stock, however, partially pared gains and was trading 4 percent higher at Rs 789.15 on the BSE.

MARKET UPDATE:Volatile market;Sensex, touched a high of 61,621 in opening trades, and then slipped to a low of 61,164while the Nifty more or less unmoved at 18,267

MARKET UPDATE:Volatile market;Sensex, touched a high of 61,621 in opening trades, and then slipped to a low of 61,164while the Nifty more or less unmoved at 18,267
Thursday, October 21, 2021
The BSE Sensex touched a high of 61,621 in opening trades and then slipped to a low of 61,164. The 30-share index was now down 21 points at 61,239. The NSE Nifty was more or less unmoved at 18,267. Experts say that the ongoing market correction is not an overreaction and can sustain in the near term due to high valuations. However, in the future Indian corporates will benefit from the reforms & China plus one strategy which happened during 2020-21. Alongside, the long-term economy & market trend is intact due to further re-opening of the economy, low-interest cycle, and fiscal & private spending. This correction will give leeway for value-buying, defensives, and upcoming stocks & sectors that evolved from this new demand. Read more

MARKET UPDATE:Volatile market;Sensex up 394 points at 62,159 and the Nifty down 64 points at 18,355

MARKET UPDATE:Volatile market;Sensex up 394 points at 62,159 and the Nifty down 64 points at 18,355
Wednesday, October 20, 2021
The Indian benchmark indices opened a quiet note amid positive global cues today(20th Oct.2021). The BSE Sensex opened 84 points higher at 61,800, and after touching a high of 61,873, the index soon slipped into the negative zone. The BSE Sensex was down 164 points at 61,553. The NSE Nifty touched a high of 18,458 but was down 64 points at 18,355. Among the Sensex 30 stocks, Tata Steel has slipped 1.5 percent. Asian Paints, Bajaj Finserv, Bajaj Auto, IndusInd Bank, and NTPC are the prominent losers. On the other hand, Nestle India, Larsen & Toubro, HCL Technologies, Infosys, and Bajaj Finance were up marginally. In the broader market, IRCTC has hit the 10 percent lower circuit at Rs 4,830. The stock had crossed the Rs 1 trillion mark yesterday in intraday deals after it hit a fresh all-time high at Rs 6,393. Mastek and Indian Energy Exchange (IEX) have also tumbled over 10 percent each. Read more

Tatapower hits 52 week high on partnership with TVS Motor

Tatapower hits 52 week high on partnership with TVS Motor
Tuesday, October 5, 2021
Shares of tata power gained 6.5 percent and hit a 52 week of Rs 179.65 on the back of forming a partnership with TVS Motor Company for the implementation of electric vehicle charging infrastructure and deploy solar power technologies at TVS Motor locations. The partnership aims to create a large dedicated electric two-wheeler charging infrastructure to accelerate electric mobility in India. This will also give the customers of TVS iQube Electric access to the widespread charging network by Tata Power through the TVS Motor customer connect app and Tata Power EZ Charge app across India. The partnership aims to create a regular AC charging network and a DC fast-charging network for electric two-wheelers. This partnership will further help drive EV adoption in the country among two-wheeler customers who aspire to take a step in going electric. The two companies will also explore opportunities to use solar energy to power select TVS Motor locations. Read more

MARKET UPDATE:Sensex sheds around 100 pts, Nifty tests 17,700

MARKET UPDATE:Sensex sheds around 100 pts, Nifty tests 17,700
Thursday, September 30, 2021
The Indian benchmark indices looked set to extend their fall to the third day in a row amid a host of weak macro cues. Also, volatility could remain high on account of monthly F&O expiry. At 8.15 am, SGX Nifty was trading 50 points down at 17,655. The US markets traded with caution on Wednesday amid crude oil disruptions, inflation, and ongoing debt ceiling debate. Overnight, the Dow Jones and S&P 500 index bounced back a wee bit in green, but Nasdaq however, ended 0.3 percent lower. This morning, the Asian markets are trading on a mixed note. Shanghai and Straits Times are up, while Nikkei and Hang Seng are down.

MARKET UPDATE:Sensex, Nifty volatile;BSE Sensex quoted at 58,212 level, down 67 points and Nifty dipped 14 points at 17,344 levels

MARKET UPDATE:Sensex, Nifty volatile;BSE Sensex quoted at 58,212 level, down 67 points and Nifty dipped 14 points at 17,344 levels
Wednesday, September 8, 2021
BSE Sensex traded lower today(8th September 2021) dragged by Infosys, Maruti Suzuki, Bajaj Auto, Sun Pharma, and TCS. The index quoted at 58,212 level, down 67 points or 0.12 percent in early deals.It's NSE counterpart Nifty50, meanwhile, dipped 14 points at 17,344 levels. In the broader markets, the BSE MidCap and SmallCap indices were flat. On the global front, Japan's Nikkei gained 0.8 percent. On the flip side, South Korea's Kospi, Australia's ASX200, and Hong Kong's Hang Seng slipped up to 0.7 percent. Shares of telecom services provider caught investor fancy today with Bharti Airtel hitting a new high at Rs 684, up 2 percent, while Vodafone Idea jumped 7 percent to Rs 8.90 on the BSE in the intra-day trade, ahead of the Cabinet meeting scheduled later in the day. According to reports, the government may discuss a relief package for the stressed sector.

Sensex snaps 3-day winning run, lost only 17 points to end at 58,280 and Nifty closed at 17,356, down 21 points

Sensex snaps 3-day winning run, lost only 17 points to end at 58,280 and Nifty closed at 17,356, down 21 points
Tuesday, September 7, 2021
A volatile trade was witnessed on Dalal street (today(7th September 2021) as bulls and bears were caught in a fierce battle. Investors looked to lock in gains after a recent rally and a subdued global market mood but most dips were bought into, which left indices unchanged at close. The BSE Sensex lost only 17 points to end at 58,280. Meanwhile, NSE Nifty closed at 17,356, down 21 points. Both indices snapped their three-day winning streaks but did manage to hit new highs in intra-day deals (Sensex at 58,553 and Nifty at 17,437). In the 30-pack Sensex, 12 stocks ended in the green and 18 in the red. Bharti Airtel, HDFC, IndusInd Bank, and ITC, up between 1-3 percent, were the top gainers. Tech Mahindra, Sun Pharma, Axis Bank, and HCL Tech on the other hand were the worst losers. Read more

MARKET UPDATE:Volatile markets;BSE Sensex rose 112 points at 58,409 levels and Nifty at 17,420, up 42 points

MARKET UPDATE:Volatile markets;BSE Sensex rose 112 points at 58,409 levels and Nifty at 17,420, up 42 points
Tuesday, September 7, 2021
Benchmark indices in India traded with tepid gains today(7th September 2021) amid muted global cues, supported by no negative domestic triggers. The BSE barometer of 30 shares rose 112 points, or 0.2 percent, at 58,409 levels in early deals while the NSE's Nifty50 held above the 17,400-mark at 17,420, up 42 points. Asian Paints, Tata Consumer Products, HUL, ITC, and Britannia lifted the benchmarks, rising up to 1 percent. On the downside, Wipro, BPCL, Coal India, and Sun Pharma capped gains. In the broader markets, the BSE MidCap and SmallCap indices gained 0.3 percent and 0.2 percent, respectively.

MARKET UPDATE:volatile market;BSE Sensex trading 85 points up at 57,500 levels and Nifty recliaimed 17,100 mark, up 50 points

MARKET UPDATE:volatile market;BSE Sensex trading 85 points up at 57,500 levels and Nifty recliaimed 17,100 mark, up 50 points
Thursday, September 2, 2021
The Indian benchmark indices witnessed volatility in opening trade amid a mixed global market setup and ahead of weekly F&O expiry. Indices gyrated between gains and losses. Eventually, Sensex managed to hold gains and was trading 85 points up at 57,500 levels while Nifty reclaimed 17,100 marks, up 50 points. DRL, Titan, and Ultratech were the top gainers in the Sensex pack and HCL Tech, Asian Paints and Power Grid were the worst laggards. In the broader markets, BSE Midcap and BSE Smallcap were up 0.3 percent each. Shares in Asia-Pacific were in the red with Japan's Nikkei down 0.1 percent and Topix index down 0.3 percent. South Korea's Kospi dipped 0.65 percent, and the S&P/ASX 200 in Australia shed 1 percent. However, overnight, the S&P 500 closed marginally higher, up 0.031 percent, while the Nasdaq Composite climbed 0.33 percent. The Dow Jones Industrial Average lagged as it declined 0.14 percent.

OLA could seek a valuation of more than $8 billion in the IPO and could lodge a filing in October

OLA could seek a valuation of more than $8 billion in the IPO and could lodge a filing in October
Monday, August 30, 2021
The 11-year-old Ola would be joining the group of Indian startups that are ready to tap the IPO market in the coming months. Paytm, the country’s leader in digital payments, Flipkart, the Indian e-commerce giant controlled by Walmart Inc., and digital education startup Byju’s are also preparing for their first-time share sales, Bloomberg News has reported. Ola has selected banks including Citigroup Inc. and Kotak Mahindra Bank Ltd. to manage its Mumbai initial public offering that could raise about $1 billion, according to reliable sources. The company, backed by SoftBank Group Corp. and Tiger Global Management, has also picked Morgan Stanley for the listing. The Bangalore-based startup could seek a valuation of more than $8 billion in the IPO and could lodge a filing as soon as October, according to sources.

MARKET UPDATE:Volatile market;BSE Sensex up 45 points at 55,628 levels and Nifty at 16,572 level, up 9 points

MARKET UPDATE:Volatile market;BSE Sensex up 45 points at 55,628 levels and Nifty at 16,572 level, up 9 points
Tuesday, August 17, 2021
Indian equities were volatile today(17th August 2021) amid tepid gains in Asian markets and stretched valuations back home. The headline S&P BSE Sensex was up 45 points at 55,628 levels while the Nifty50 index was at 16,572 level, up 9 points. Both the indices hit new all-time highs of 55,688.5 and 16,591 levels, respectively. In the broader markets, the BSE MidCap and SmallCap indexes were mildly below the flatline. Sectorally, markets looked defensive with pharma and FMCG stocks in the green and cyclical like banks and auto in the red.

Vehicle scrappage policy, Ola e-scooter: How to trade key auto stocks

Vehicle scrappage policy, Ola e-scooter: How to trade key auto stocks
Monday, August 16, 2021
Last weekend the government notified vehicle scrappage policy and Ola launched its e-scooter. In this backdrop following are the tips for the trading of auto stocks: 1. Maruti Suzuki India The shares of Maruti Suzuki India are trading below both the major moving averages i.e 200-days moving average (DMA) and 200-weekly moving average (WMA) placed at Rs 7,215 and Rs 7,293 levels, respectively. This breakdown shows a negative bias that may lead to bearish sentiment in the days ahead, if crucial support of Rs 6,758 is broken, which is its 100-WMA. The immediate support comes in at Rs 6,900 and then Rs 6,850 levels. Read more

Attractive equity markets and volatile gold prices deterrents for investment in the yellow metal

Attractive equity markets and volatile gold prices deterrents for investment in the yellow metal
Thursday, July 29, 2021
Attractive equity markets and volatile gold prices may prove to be a deterrent for investment in the yellow metal in the second half of 2021, suggests the latest report from World Gold Council (WGC). That said, the upcoming festival season, including Dhanteras and the wedding season in the October – December quarter of 2021, WGC believes, may see an uptick in demand for the yellow metal. “Consumer investment in gold increased in the second quarter of 2021, but some investors were less bullish. Outlook for the second half of 2021 is yet uncertain, as consumer confidence and business response are subject to the impact of a looming threat of the third wave of Covid and the pace of economic recovery,” said the WGC report. But attractive equity markets and volatile gold prices may prove to be a deterrent for investment in the yellow metal in the second half of 2021. Read more

Asset managers worried about the steep run-up in mid-, small-cap space

Asset managers worried about the steep run-up in mid-, small-cap space
Friday, July 2, 2021
The mid and small-cap indices, which underperformed large-caps until early 2020, have covered lost ground, gaining 73 percent and 104 percent, respectively, in the last year. “The economy is likely to see a cyclical upturn which makes us feel that the outlook for the broader market is likely to be good going forward. However, the euphoric rise in many poor-quality small-cap names driven by higher retail participation is a cause for concern,” say experts. On aggregate, the entire universe of Flexi cap schemes, which invest across market capitalisations, had 71.5 percent of their assets invested in large caps, 23.4 percent in mid-caps, and 5 percent in small caps as of May 31, data. Read more

MARKET UPDATE:Volatile market;Sensex traded around 52,480 levels, and Nifty hovered near the 15,750-mark

MARKET UPDATE:Volatile market;Sensex traded around 52,480 levels, and Nifty hovered near the 15,750-mark
Thursday, July 1, 2021
The benchmark indices in India fluctuated between gains and losses in early deals today(1st July 2021), amid mixed cues from other Asian markets. The S&P BSE Sensex traded around 52,480 levels, and the broader Nifty50 index hovered near the 15,750-mark. IndusInd Bank, Infosys, and Ultratech Cement were the top Sensex laggard. On the other hand, Mahindra & Mahindra, Bajaj Auto, and Asian Paints were the top Sensex gainers. The Nifty sectoral indices were largely in the green, led by the Nifty Auto index, up 0.8 percent. In the broader markets, the S&P BSE MidCap index traded flat, while the SmallCap index ticked up 0.2 percent.

Mukesh Ambani announces big bang into solar new energy,JioPhone Next

Mukesh Ambani announces big bang into solar new energy,JioPhone Next
Thursday, June 24, 2021
Billionaire Mukesh Ambani on Thursday announced a Rs 75,000 crore investment in setting up four 'Giga' factories to make solar photovoltaic cells, green hydrogen, batteries, and fuel cells over the next three years. He also said Reliance will set up 100 GW of solar power generating capacity. India will present to the world a template of a Green Economy Movement. We will build two additional divisions to further strengthen the green energy ecosystem. He also announced the launch of JioPhone Next, a fully-featured smartphone, that is developed in partnership with Google.JioPhone next will be launched first in India on September 10, and later it will be taken to many other countries. Mukesh Ambani said that Jio will use Google Cloud's next-generation technologies to power Jio's 5G solutions. Read more

MARKET UPDATE:Volatile deals;Sensex trading around 50,580 levels and Nifty hovered around the 15,150-mark

MARKET UPDATE:Volatile deals;Sensex trading around 50,580 levels and Nifty hovered around the 15,150-mark
Monday, May 24, 2021
The benchmark indices in India fluctuated between gains and losses in today's(24th May 2021) volatile early deals. The S&P BSE Sensex was trading around 50,580 levels. The broader Nifty50 index, meanwhile, hovered around the 15,150-mark. State Bank of India and PowerGrid traded 2 percent higher, each, followed by HDFC Bank, ICICI Bank, and HDFC (all up 1%). The Nifty sectoral indices were mixed, with gains in Nifty Pharma and Nifty PSU Bank indexes (both up 0.8 percent) being offset by the Nifty Metal index (down 1.5 percent). The broader markets tracked the gains in the benchmarks, with the S&P BSE MidCap and SmallCap indexes trading 0.6 percent and 0.8 percent higher, respectively. Thirty-three companies including Grasim Industries, India Cements, JK Paper, Mahanagar Gas, and Barbeque-Nation Hospitality are slated to post their quarterly results today.

RBI fines Bajaj Finance for breaching regulatory compliance norms

RBI fines Bajaj Finance for breaching regulatory compliance norms
Wednesday, January 6, 2021
Shares of Bajaj Finance were 2 per cent down today after the Reserve Bank of India on Tuesday imposed a penalty of ₹2.5 crores for breaching regulatory compliance norms by an order dated January 05, 2021for violation of directions issued by RBI on Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs and Fair Practices Code (FPC) for applicable NBFCs, contained in the Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016; and a specific direction to the company to ensure full compliance with FPC in letter and spirit," the RBI said in a statement.“This penalty has been imposed in exercise of powers vested in RBI under the provisions of clause (b) of sub-section (1) of section 58 G read with clause (aa) of sub-section (5) of section 58B of the Reserve Bank of India Act, 1934, taking into account the failure of the company to ensure that its recovery agents did Read more

MARKET UPDATE:Volatile start-Sensex up by 60 points after slipping to as much as 37,538 levels, and Nifty gave up 11,100-mark

MARKET UPDATE:Volatile start-Sensex up by 60 points after slipping to as much as 37,538 levels, and Nifty gave up 11,100-mark
Friday, July 31, 2020
The equity markets in India fluctuated between gains and losses in a volatile start today(31st July 2020). The S&P BSE Sensex was trading 60 points higher at 37,800 levels after slipping to as much as 37,538 levels. The Nifty50 index gave up the 11,100-mark. Reliance Industries slid 2 percent after reporting its June quarter results. The HDFC twins slipped 2 percent each and were among the top Sensex losers. On the other hand, IT stocks were once again in focus with HCL Tech, TCS, Tech Mahindra, and Infosys all rising over 1 percent each. The trend among Nifty sectoral indices mixed. Nifty IT index rose 1 percent while the Nifty Financial Services index dipped 1 percent. Five hundred and seventy-six companies including State Bank of India, Tata Motors, Sun Pharmaceutical Industries, Indian Oil Corporation are scheduled to announce their quarterly results. Read more

SEBI crackdown on excessive volatility by imposing restrictions

SEBI crackdown on excessive volatility by imposing restrictions
Monday, March 23, 2020
The SEBI has decided to crack down on excessive volatility by imposing several measures, which will impact traders as well as institutional investors. In particular, speculators in stock futures will have to cut down exposures as the market-wide position limit (MWPL) has been reduced to 50 percent in phases, from the existing 95 percent, for specific F&O stocks. Margins have also been hiked in the cash segment for both F&O and non F&O stocks, while institutions will have to restrict their F&O positions in the index derivatives segment to stay within a new criteria of cash and cash equivalents on the long side and value of stock holdings on the short side. This measure will also impact volume in specific F&O counters where offsetting will be required, we may actually see a situation where prices swing more on lower volumes, due to reduction of the liquidity. Read more

Indian equity markets ended a highly volatile session with significant gains:Sensex up 1,325 pts, Nifty tops 10,023

Indian equity markets ended a highly volatile session with significant gains:Sensex up 1,325 pts, Nifty tops 10,023
Friday, March 13, 2020
Indian equity markets ended an eventful and highly volatile session with significant gains today,13th March after posting a record intra-day recovery. The Nifty50 index was locked in a 10 percent lower circuit early morning, prompting a halt in trading for 45 minutes. However, once the markets re-opened, the headline indices Sensex and Nifty shot up as much as 5,381 points and 1,604 points, respectively, from their early morning lows. The volatility index surged over 24 percent during the session. Sensex closed 1,325 pts, or 4.04 percent, higher at 34,103 and the Nifty50 index a tad above 10,000 level at 10,023.65, up 433 points, or 4.54 percent. The rebound was led by banks with index heavyweights HDFC ending 10 percent lower while State Bank of India zoomed 14 percent. Reliance Industries was also up over 5 percent. In the end, 27 out of the 30 Sensex constituents ended the session in green. Read more

MARKET TODAY: Indices volatile, Sensex in up trend

MARKET TODAY: Indices volatile, Sensex in up trend
Tuesday, March 3, 2020
On Monday,2nd March the traders hit the sell button during the last hour of the session after two new COVID-19 cases were detected in Delhi and Telangana. Today after logging gap-up opening on Tuesday, benchmark indices turned volatile and erased most of the early morning gains. The benchmark S&P BSE Sensex was off opening highs and was trading 150 points higher at 38,315 level. Sun Pharma (up over 5 percent), ONGC, HCL Tech, and ICICI Bank were the top gainers on the 30-share index. On the downside, Titan, HDFC Bank, and ITC were trading in the red, down up to 0.7 percent. On the NSE, the Nifty50 was hovering around 11,200-mark but was up 100 points. Sectorally, Nifty Metal and Pharma indices, up 2.6 and 2.3 percent, respectively, were the star performers on the NSE. All other sectoral indices were trading over a percent higher. In the broader market, the S&P BSE mid-cap index was up 0.92 percent, while the S&P BSE small-cap index was up 0.8 percent

Caution:Oversold Nifty may try to pull back!

Caution:Oversold Nifty may try to pull back!
Tuesday, March 3, 2020
NSE Nifty slumped for a seventh straight session on Monday, as market sentiment took a hit after two new coronavirus cases were confirmed in India. The domestic stock market made a positive start and the index moved past the 11,400 level in the early trade. However, the headline index reversed course in the second half and lost over 350 points in an hour. It finally settled 69 points or 0.62 percent lower at 11,132.75. The market on Tuesday is expected to try and find a temporary bottom. Fresh Covid-19 cases in India might fuel a negative sentiment in the beginning, but the oversold nature of Nifty on the short term charts will help in a technical pullback. The index is likely to stay volatile. Tuesday’s session is likely to see 11,165 and 11,255 levels act as resistance. Support may come in at 11,036 and 10,965.

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