MARKET LIVE: Sensex, Nifty range-bound; BSE Smallcap index outperforms

 The Indian markets were trading flat in Monday's range-bound session.

The S&P BSE Sensex hovered around 38,380 levels. Earlier, the index had fallen to 38,061 before bouncing back. The Nifty50 index, meanwhile, was holding the 11,300-mark. Hindustan Unilever and TCS (both up 2%) were the top Sensex gainers. On the other hand, Mahindra & Mahindra dipped 3 per cent.

Vodafone Idea surged 10 per cent ahead of the company's strategic announcement today.

The Nifty sectoral indices were trading mixed, with the Nifty Bank index, down 0.5 per cent, leading the list of losers.

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

Results today

A total of 52 companies are expected to report their earnings including CG Power, General Insurance Corporation of India, and Parag Milk Foods.

CATCH ALL THE LIVE UPDATES

Auto Refresh

02:34 PM 

Stocks that hit 52-week high on BSE today

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

ASTRAZENECA PHAR 4059.40 4082.00 4.31

DIXON TECHNOLOG. 8860.00 8935.00 3.30

GRANULES INDIA 381.80 382.95 10.35

INDIAMART INTER. 4721.60 4770.00 15.16

SUPREME INDS. 1419.25 1425.00 2.85

» More on 52 Week High

02:28 PM 

SBI invokes personal guarantees of Bhushan Power & Steel promoter

The State Bank of India (SBI) has invoked the personal guarantees of Sanjay Singal, promoter of Bhushan Power & Steel Ltd, after the company defaulted on loans worth Rs 48,000 crore to a consortium of banks. The company's debt resolution is almost ready, with JSW Steel declared the highest bidder with Rs 19,700-crore as an offer for the company. READ MORE

02:17 PM 

Rupee Closing

Rupee ends weaker at 73.34 per US dollar vs Friday's close of 73.14/$

02:11 PM 

IPO Alert: Happiest Minds fully subscribed

02:07 PM 

Sharp rise in IRCTC

02:06 PM 

NEWS ALERT :: RBI announces Special OMO for Rs 10,000 cr on Sept 10

02:02 PM 

BROKERAGE VIEW:: HDFC Securities on Berger Paints

RATING: SELL | TARGET PRICE: Rs 460

While BRGR remains a credible No. 2 in paints; at 66x Sept-22 P/E (18% premium to APNT), risk-reward seems unfavorable. We assign a DCF-based TP of Rs. 460/sh (implying 55x Sep-21 P/E). Implied assumptions: (1) 10-year revenue CAGR: 12.6%, (2) FY20-30E/FY30-41E FCFF CAGR: 20/13.5% resp. (3) WACC: 10.5%, and (4) terminal growth: 6%, FCF/PAT conversion of ~70% over FY20-30E. Initiate with a Sell Reco.

01:57 PM 

MARKET CHECK:: Top 5 losers on the BSE at this hour

01:49 PM 

Expert View :: Yash Gupta - Equity Research Associate at Angel Broking on AllCargo delisting's floor price

Allcargo Logistics Ltd board approves delisting proposal and set floor price at ₹92.58, which is 18.8% discount to its current market price of ₹114.15.Promoter and promoter group of the company will acquire all the fully paid-up equity shares of the company having a face value of ₹2 held by the public shareholders of the Company. As per the last filling, the public holds 29.99% of paid-up equity share capital of the company. Delisting will be a positive development for the Company but the proposed delisting prices is not upto expectation of public shareholders

01:41 PM 

BUZZING STOCK:: NTPC slips nearly 3%