Stock Market LIVE Updates: Sensex scales Mt 60K for first time.

Hang Seng index ends down 1.3% as Evergrande missing interest payment sparks jitters

Hong Kong shares ended lower on Friday, dragged down by broad losses across sectors, as global investors fretted over the impact of a missed bond interest payment by debt-laden developer China Evergrande.

What is that one commodity Jim Rogers will bet on now?

We believe the positive momentum in the market will continue as we are stepping into the second quarter results. Earnings are poised to be better than first quarter, as suggested by outlook shared by managements in conference calls. We could expect some consolidation in the outperforming sectors like IT, realty and metals while sectors such as auto and banks which are trading at discount to the broader markets, could catch up over the next few months.

– Vikas Jain, Senior Research Analyst at Reliance Securities

Business: Shut. Revenue: Zilch. Stock soars 4,800% year to date. Find out more

Given the rich valuations, one cannot rule out intermittent volatility. However, we expect the positive momentum to continue on the back of improving economic activity and recovery in corporate earnings.

– Motilal Oswal, MD & CEO, Motilal Oswal Financial Services

Pharma has a bad day. Granules India alone in green in a sea of red ink

Price as on 24 Sep, 2021 01:17 PM, Click on company names for their live prices.

SC seeks Centre’s reply on PIL alleging export of iron ore in pellet form to evade export duty

The Supreme Court Friday sought response from the Centre on a PIL alleging export of iron ore in pellet form by some private firms by evading export duty. A bench comprising Chief Justice N V Ramana and Justices Surya Kant and Hima Kohli took note of the plea of NGO ‘Common Cause’ and asked the Centre to file its response within four weeks.

Unconditional access to network likely for power companies

India is considering an overhaul of its electricity transmission planning to give power companies nationwide unconditional access to the network. The government also proposes to allow states to trade their excess transmission capacities with other states, a senior government official said.

Big winners in Sensex’s 50K-60K journey

The rapid rally] shows the impact of return of FPIs and local investors continuing to invest despite headwinds that cropped up time and again. The absence of a 10 per cent correction in the indices over the past 18 months shows the maturity of local investors. But it also throws up the possibility of such a correction happening over the next few weeks/months.

– Dhiraj Relli, MD & CEO, HDFC Securities

UltraTech Cement has…