MARKET LIVE: Sensex up 100 pts, pharma stocks gain, banks decline

 The Indian markets were trading with 0.4 per cent gains in the afternoon deals on Wednesday.

Among the headline indices, the S&P BSE Sensex was trading around 38,109 levels and the Nifty50 index hovered around the 11,250-mark. Tata Steel (down 2.5%) was the top Sensex laggard, followed by Power Grid and NTPC (both down over 1%). 

Shares of Reliance Industries rose 1 per cent in early days after the company said that General Atlantic, a leading global growth equity firm, will invest Rs 3,675 cr in Reliance Retail Ventures Limited. READ MORE

The trend among Nifty sectoral indices was mixed, with Nifty Bank index, down 1 per cent, leading the list of losers.

In the broader market, the S&P BSE MidCap and SmallCap indexes were trading 0.2 per cent higher, each.

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02:06 PM 

Rupee Closing

Rupee settles at 73.77 per US dollar vs Tuesday's close of 73.85/$

02:04 PM 

Ramco Systems freezes at 5% upper circuit on order win from logistics major

Shares of Ramco Systems were locked in the upper circuit limit of 5 per cent at Rs 426 on the BSE on Wednesday after the company said it has signed up an agreement with a "Global top 5 logistics major" for modernising and transforming its multi-country Payroll operations on the company’s global payroll platform. READ MORE

01:55 PM 

HDFC twins, HUL top contributors to Sensex's gain

01:53 PM 

NEWS ALERT :: Current Account Surplus for April-June period in FY21 stands at $19.8 bn, says RBI

01:46 PM 

Tech Mahindra up 2.6%

01:44 PM 

IPO ALERT :: UTI AMC IPO subscribed 43% so far on Day 2 till 1:30 pm

01:37 PM 

European indices trade largely lower in early deals

01:34 PM 

CV financiers: Favourable valuations, but unpredictable fundamentals

Analysts at Prabhudas Lilladher indicate that collection efficiencies have rebounded to 80 per cent in September compared to 65 per cent last month. Consequently, there is a 15 per cent month-on-month improvement in disbursements as well, though 70 per cent of these disbursements are largely towards existing customers. Fresh loans disbursed could help customers meet intermittent working capital needs crucial to restart their business hit by lockdown. READ MORE

01:27 PM 

Nifty FMCG index up 1.7%

01:22 PM 

IPO ALERT :: Mazagon Dock IPO subscribed 3.4x so far on Day 2 till 12:45 pm

01:15 PM 

NEWS ALERT :: EU may levy tariff on steel import from India, reports Bloomberg