Special Stock Market Session LIVE:Sensex up 100pts; trading resumes 11:30am | News on Markets

March 2, 2024

3 minutes read

11:16 AM

Electric two wheeler volume remains flat despite sharp price cuts

Despite sharp discounts across models to raise volumes in the past two months, electric two wheeler sales month-on-month are stagnating. Registrations to the end of February touched 79,139, marginally lower than 79,214 in January, based on VAHAN data. Read

11:03 AM

Havells, V-Guard, Voltas rally up to 5% on healthy outlook

Shares of household appliances companies Havells India, V-Guard Industries, and Voltas rallied up to 5 per cent on the BSE in Saturday’s special session on anticipation of better January-March quarter (Q4) on summer demand for fans and air-conditioners (ACs), along with rising infrastructure spends which may drive sales of cables and switchgears. Read

Window AC is easy to install or dismantle and remove, and doesn't need much professional help .

10:49 AM

Swan Energy declines 3.6% on profit booking; Co raises Rs 3,300-cr via QIP

Shares of Swan Energy declined 3.6 per cent to Rs 735 on the BSE in Saturday’s special trading after the company raised Rs 3,319 crore via Qualified Institutions Placement (QIP).

It allotted 49.5 million shares to eligible, qualified institutional buyers at the issue price of Rs 670 per share against the floor price of Rs 703.29 per share, the company said in an exchange filing. Read

Experts further said that retail investors should be clear on whether they are taking short-term positions based on the sentiment or investing for the long term.

10:37 AM

RBI may undertake comprehensive review of architecture of payment banks

This all-encompassing exercise, almost a decade after licensing terms were issued on November 27, 2014, is to take into account standards of governance, the viability of the payment bank (PB) business model, and changes, if any, if needed. This will also impact PBs seeking to convert into small finance banks (SFBs), as a comprehensive review of the regulatory capital framework for the latter is also under consideration, as mentioned in the Report on Trend and Progress of Banking in India (2022-23). READ MORE

10:18 AM

NLC India jumps 5% as ICRA reaffirms rating on NCDs worth Rs 2,000 cr

At 9:45 am, the stock traded around Rs 231, up 4.6 per cent on volumes of around 45,000 shares. The stock exchanges have capped the maximum permissible limit at 5 per cent for today’s special trading sessions for all stocks. Meanwhile, the S&P BSE Sensex was up 0.2 per cent at 73,900 levels. READ MORE

9:53 AM

Torrent Power soars 5% on bagging orders of Rs 3,140 cr; up 66% in 6 mths

To meet the high power demand in coming months, NTPCV Vidyut Vyapar Nigam (NVVN), a subidiary of NTPC, has awarded a Rs 440 crore contract to Torrent Power, under which it will supply power from its gas based power plant. READ MORE

9:42 AM

Matrimony.com declines 2.5% as Google Play Store delists app

>> Apps of Info Edge’s job-search business Naukri, real estate business 99acres and Matrimony.com’s flagship BharatMatrimony have been delisted from Google Play Store, among several others for failing to pay service fees for the use of the app store.

>> Info Edge slips 2%

9:40 AM

Aurobindo Pharma rises over 1.5% as USFDA gives final nod to Fingolimod capsules

>> The pharma company has received final approval from the US Food and Drug Administration (USFDA) to manufacture and market Fingolimod capsules, 0.5 mg.

9:36 AM

Welspun Corp subsidiary sets up manufacturing facility in MP

>> The company’s step-down subsidiary, Sintex Advance Plastics (SAPL), plans to set up a manufacturing facility for plastic pipes and water storage tanks in Madhya Pradesh with an investment of Rs 400 crore.

9:34 AM

JSW Steel off highs; co signs MoU with Govt of Italy

>> The company’s step-down subsidiary, JSW Steel Italy SRL, has signed a MoU with the Ministry of Industry and Made in Italy, the Tuscany Region and the Municipality of Piombino to commence and relaunch the steelworks site of Piombino.