Coronavirus News LIVE updates: SC asks Centre whether farmers protesting at Delhi border are protected against COVID-19

The apex court has asked whether the farmers protesting against the agri bills are protected against the virus. He asked the govt to ensure that farmers are following COVID-related guidelines. SC was hearing a plea seeking various reliefs including CBI probe into the matter related to assembly of people at Anand Vihar Bus Terminal an Tablighi Jamaat congregation at Nizammudin Markaz in the national capital after the nationwide lockdown was announced last year to contain the pandemic. Solicitor General Tushar Mehta said that he will a file a report within two weeks on what's been happening and what needs to be done, reported PTI.

Jan 7, 2021 6:17 PM

Market At Close

- Broader Markets Outperform Sensex & Nifty; Midcap Index At record Closing High

- Sensex & Nifty Slip From Highs To Close Lower While Midcap Gains 1% & Nifty Bank 0.5%

- Market Breadth Weakens From The Opening Level, But Still Favours Advances

- Nifty Falls 119 Points From Record High To Close 9 Points Lower At 14,137

- Sensex Slips 81 Points To 48,093 After A Trading Range Of 520 Points

- Midcap Index Rises 313 Points To End At A Record Closing High Of 21,965

- Nifty Bank Fails To Hold 32,000 Hit Intra-day, Closes 158 Pts Higher At 31,956

- Metal Top Gaining Index, Led By Tata Steel, Hindalco, JSPL & NMDC

- Bharti Airtel Rises Over 3% On Regulatory Nod To Raise FDI In Payments s Bank

- Axis Bank & Max Finance Move Higher On Rpts Of CCI Nod For Axis-Max Life Deal

- Nestle, HUL, Titan, HDFC Life, Divi’s Lab & HCL Tech Top Nifty Losers

- Realty Stocks Surge On Reduction In Premium By Maha Govt; I-bulls Real Top Gainer

- IDFC Twins Gain For The 2nd Straight Day After Strong Q3 Biz Update By IDFC First Bank

- Strong North America Class 8 Truck Orders Boost Bharat Forge & Ramky Forgings

Jan 7, 2021 3:41 PM

Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments

14,250 has definitely proved to be a stiff resistance point as we have visited around that price point twice. If we can get past that, we should see the markets at 14,350-14,400. A buy on dips strategy would be the best way to approach the Nifty. However, caution is suggested and it is imperative stops are placed by traders at regular intervals.

Jan 7, 2021 3:38 PM

Closing Bell | The Indian benchmark indices, Sensex and Nifty erased day's gains to end lower Thursday afternoon dragged by selling in FMCG, IT and pharma stocks. The Sensex ended 80.74 points or 0.17 percent lower at 48,093.32 while the Nifty eased 8.90 points or 0.06 percent to close at 14,137.35.

Broader indices, Nifty Smallcap100 and Nifty Midap100 outperformed the benchmarks, ending over 1 percent higher each. Buying was seen in metals, realty, PSU Banks and financial stocks.

Nestle India, HDFC Life Insurance, Hindustan Unilever, Titan Comany and Divi's Laboratories were the top Nifty50 losers while Tata Steel, Hindalco, Bharti Aitrel, Adani Ports & SEZ and IndusInd Bank were the top index gainers.

Jan 7, 2021 3:34 PM

Prakash Industries Q3 Update | Highest steel production at 2.6 lakh tonnes and power generation at 3,267 lakh units. The company says it is likely to achieve 10 percent steel production volume growth in this financial year.

Jan 7, 2021 3:20 PM

Jan 7, 2021 3:09 PM

Lupin | The pharma major has received tentative approval from US FDA for Empagliflozin and Metformin Hydrochloride ER tablets which are indicated as an adjunct to diet and exercise, to improve glycemic control in adults with type 2 diabetes.

Jan 7, 2021 3:07 PM

Supreme Infrastructure India | The company has bagged worth Rs 215 crore from Mars Hotels & Resorts.

Jan 7, 2021 2:53 PM

Jan 7, 2021 2:48 PM

US Congress formally certifies Joe Biden’s election win

Joint session of US Congress on Thursday formally certified victory of President-elect Joe Biden and Vice President-elect Kamala Harris in November 3 election.

Biden will be sworn-in as the 46th President of the United States on January 20.

A joint session of the US Congress presided over by Vice President Mike Pence, made the announcement despite objections from a group of lawmakers.

Jan 7, 2021 2:41 PM

Market returns to be up-fronted in 2021; liquidity roll back a key risk, says Jefferies' Mahesh Nandurkar

The market returns for the year 2021 is likely to be up-fronted, said Mahesh Nandurkar of Jefferies as he remains bullish for the first 6 months of this calendar year.

Speaking to CNBC-TV18, Nandurkar said that there were several factors staking up in favour of Emerging Markets.

However, he believes that the market valuation is very high. “PE multiples cannot be looked at on a standalone basis. They are high for most of the stocks. For Nifty as a whole, we are looking at almost like 22 times one-year forward earnings,” he said.

He is of the view that the global central banks taking liquidity away would be a risk for the markets going ahead. Nandurkar also said that money printing raised a question on strength of currencies of developed markets. Watch here.

Jan 7, 2021 2:32 PM

Tata Power Company | The company will develop 110 MW Solar Project worth Rs 488 crore for Kerala State Electricity Board.

Jan 7, 2021 2:27 PM

Jan 7, 2021 2:22 PM

Zee Entertainment Enterprises | Brickwork Ratings has downgraded Zee Entertainment to A from AA-. It maintains outlook on Zee at Credit Watch with negative implications

Jan 7, 2021 2:13 PM

SBI Card: Here's why analysts are bullish on the stock

Analysts are bullish on the credit card business of SBI Card given the fact that there is strong revenue growth led by rising and underpenetrated payment play.

Less than 5 percent of the population works or have a credit card. So there is risk-reward of the business which is seen in superior returns profile given the fact that return on equity (RoE) is expected to be north of 25 percent over the next 2-3 years.

The benefit of strong parentage play helps in lowering the origination risk over there.

A niche play, highly profitable and strong growth will always have the highest valuations commanding. Watch here.

Jan 7, 2021 2:07 PM

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