MARKET LIVE: Sensex at day's high, up 250 pts; IT, pharma stocks gain

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The Indian markets were trading over half a per cent higher in Tuesday's final hour of trade, helped majorly by pharma stocks and financials..

The S&P BSE Sensex gained 270 points to 39,000 levels and the Nifty50 index was, meanwhile, reclaimed the 11,500-mark. Sun Pharma and Bharti Airtel (both up 2%) were the top Sensex gainers, followed by Bajaj Finance, IndusInd Bank, and Infosys (all up 1%).

The trend among Nifty sectoral indices was positive, led by Nifty Pharma index, up 2 per cent.

The broader market, meanwhile, continued to outperform the benchmarks, with the S&P BSE MidCap and SmallCap indexes trading 0.8 per cent and 1 per cent higher, respectively.

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02:26 PM 

MARKET CHECK :: Smallcaps outrun benchmarks

02:25 PM 

Stocks that hit 52-week high on BSE today

COMPANY PRICE(RS) 52 WK HIGH CHG(%)

ADANI GREEN 670.65 670.65 4.99

AFFLE INDIA 3025.00 3143.00 -0.91

AMBER ENTERP. 2063.60 2114.25 5.38

APL APOLLO TUBES 2818.25 2836.95 5.26

ATUL 6770.40 6790.00 4.55

» More on 52 Week High

02:19 PM 

Asian economy to shrink, first time since 1960s, thanks to Covid-19: ADB

The region’s gross domestic product will decline by 0.7 per cent in 2020, down from June’s projection of an increase of 0.1 per cent, the Manila-based bank said in a report Tuesday. A contraction this year would be the first since 1962, Yasuyuki Sawada, the ADB’s chief economist, said in a live-streamed briefing. READ MORE

02:11 PM 

MARKET UPDATE:: Sensex at day's high

02:05 PM 

Rupee Closing

Rupee ends at 73.64 per US dollar vs Monday's close of 73.48/$

02:03 PM 

SECTOR WATCH:: IT stocks trade higher

COMPANY LATEST(RS) CHG(%)

WIPRO 310.20 0.99

INFIBEAM AVENUES 82.90 0.73

TCS 2532.25 1.60

FIRSTSOUR.SOLU. 71.35 3.26

HCL TECHNOLOGIES 808.10 1.66

» More

01:59 PM 

NEWS ALERT :: Max India approves capital reduction plan

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01:54 PM 

NEWS ALERT :: Cabinet meeting begins

01:49 PM 

Tata Motors DVR hits over 6-month high, soars 63% in six weeks

Shares of Tata Motors Differential Voting Rights (DVRs) continued their northward movement, hitting an over six-month high of Rs 63.95, up 5 per cent in intra-day trade on the BSE on Tuesday. The stock of the Tata group company was trading at its highest level since February 24, 2020. In the past six-weeks, it has rallied 63 per cent, as against 3 per cent rise in the S&P BSE Sensex. READ MORE

Jaguar Land Rover

01:40 PM 

PVR Q1 loss at Rs 226 cr as revenue nil from core movie exhibition business

Multiplex operator PVR Cinemas suffered a consolidated loss after tax of Rs 226 crore in the first quarter (April to June) of the current financial year as compared to a profit of Rs 18 crore during the corresponding period of last year. The revenues in Q1 FY21 totalled Rs 55 crore as compared to Rs 887 crore in Q1 FY20 due to the outbreak of COVID-19 and consequent lockdown. READ MORE

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