Here are the key takeaways from today's trading session:

1. Market regains yesterday's losses, Nifty back above 10,100, Sensex above 34,200

2. Reliance Industries and financial heavyweights (HDFC, Kotak Mahindra Bank and ICICI Bank) lift market

3. Sensex gains 290 points to 34,247 and Nifty 69 points to 10,116

4. Nifty Bank moves 375 points higher to 21,100 and Midcap 173 points to 14,342

5. IndusInd Bank gains for 4th straight day, closes at nearly 3-month high

6. Axis Bank, ICICI Bank, Bajaj Finance, SBI and Kotak Bank see sharp surge in last hour of trade

7. PSU Bank gains the most amongst indices; PNB, Canara Bank top gainers

8. Midcap financials gain in-line with large caps; RBL Bank up 20%, Bandhan Bank gains 5%

9. Muthoot Finance gains 3% to hit record high; Manappuram Finance up nearly 4%

10. Hero MotoCorp top Nifty loser despite reporting in-line earnings; stock down 3%

11. Bharti Airtel ends lower while Vodafone Idea gains ahead of Bharti Infratel's board meet

12. Market breadth favours advances; NSE advance-decline ratio at 3:2

Jun 10, 2020 3:45 PM

Closing Bell: Market ends higher amid volatility; IndusInd Bank surges 10%

Indian equity benchmark indices trimmed Tuesday's losses and ended in the green on Wednesday. Banks remained the primary support for the market today, with IndusInd Bank on the frontline, surging 10 percent.

At close, Sensex ended with 290 points higher to 34,247 while the Nifty50 index ended 69 points higher to 10,116. Broader markets also closed in the green, with Nifty Midcap 100 index surging 1.37 percent while Nifty Smallcap100 index ended 0.63 percent higher.

Nifty PSU Bank index remained the best-performing sector of the day, ending nearly 4 percent higher while Nifty Auto was the worst-performing index, down by 0.87 percent.

IndusInd Bank, Hindalco, Axis Bank, Shree Cement and Kotak Mahindra Bank were the Nifty50 top gainers while Hero MotoCorp, GAIL, Coal India, Bajaj Auto and Titan remained the top losers.

Jun 10, 2020 3:39 PM

Trending Stock: Dwarikesh Sugar's shares lock in an upper circuit of 10 percent to Rs 23.95 apiece on the NSE after the company reported a strong March quarter earnings. The sugar manufacturer's standalone net profit jumped 37 percent to Rs 44.3 crore as compared to last year. Revenue jumped 2.2 times to Rs 461.7 crore while EBITDA (operating profit) rose 5.3 percent to Rs 55.9 crore, on a year-on-year basis.

Jun 10, 2020 3:24 PM

CLSA reiterates 'sell' on Titan but raises target price

Although Titan's overall March quarter earnings exceeded analysts expectations, the slip in jewellery sales remain a concern, and therefore, CLSA reiterated 'sell' rating on the stock by raising the…

Jun 10, 2020 3:15 PM

Anand Mahindra invests $1 million in Indian social media startup Hapramp

Anand Mahindra, Chairman, Mahindra Group, has invested $1 million in Gurgaon-based social media startup Hapramp. Founded in 2018 by a team of five Computer Science graduates, Hapramp is building solutions that enable users to take control of their data privacy and earn a fair fraction from content monetisation. Back in 2018, Anand Mahindra had tweeted about a funding opportunity for an Indian social media startup that met certain criteria. Hapramp, which was just being set up then grabbed the opportunity and decided to apply. Mahindra tweeted that Team Hapramp had won the seed funding today. “Took 2 Years but I finally found the start-up I was looking for”, said Anand Mahindra in his tweet. Adding further on the startup’s flagship product GoSocial, he said, “Look out for their social networking platform”. Read more.

Jun 10, 2020 3:00 PM

Auto registration and online activity for PVs, two-wheelers show upward trend

As India comes out of the coronavirus-forced lockdown, the automobile sector in the country could be looking at recovery in demand for passenger vehicles (PV) and two-wheelers. The auto registration data and online activity suggest encouraging trends that may cheer automobile companies. According to a report by Jefferies, passenger vehicle and two-wheeler registrations in the week ending June 6 recovered to 35-40 percent of the respective January-February levels from 25 percent in the week-ending May 30. Read more.

Jun 10, 2020 2:52 PM

Honda motorcycle production halted across India after global network outage

Japanese automobile major Honda Motor Company has suffered a cyberattack on its servers across the globe leading to a temporary disruption in business operations. The manufacturing operations of its Indian subsidiary Honda Motorcycle and Scooter India (HMSI) have also been impacted due to the network outage.

The cyberattack is reported to have occurred in the wee hours of Monday that caused an internal network glitch. This resulted in a temporary suspension of vehicle shipments from factories in Japan. Read more

Jun 10, 2020 2:43 PM

Jun 10, 2020 2:28 PM

In a relief for transporters, CBIC extends validity of all e-way bills generated during lockdown

In a relief for transporters, CBIC extends validity of all e-way bills generated during lockdown. Get latest Economy online at cnbctv18.com

Jun 10, 2020 2:15 PM

Envision's Nilesh Shah on NBFCs being a big 'avoid', why midcaps are better, and favourite sectors

Nilesh Shah, MD & CEO of Envision Capital is of the view that non-banking finance companies (NBFCs) are still a big "avoid".

In an interview with CNBC-TV18, Shah said there was a structural challenge with the business models of NBFCs.

"The liability side continues to be a challenge in terms of overall NBFCs," he said.

"In the very short-term they will continue to face challenges in terms of the asset quality and the kind of provisioning that they will have to do and the kind of collections and this whole moratorium thing and what final impact it will have in terms of their collection," he said, adding that these challenges would persist for the next two-three quarters at least or maybe for most part of this financial year.