Business Standard

Monday, December 23, 2024 | 12:32 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

MARKET WRAP: Sensex slips 39 pts; Reliance Ind, SBI decline nearly 2%

All that happened in the markets today

Image SI Reporter New Delhi
markets

10:59 AM

MARKET CHECK | Top gainers on the BSE at this hour

10:57 AM

Buzzing | SpiceJet extends losses

10:47 AM

Rate cuts to 'operation twist', RBI governor is pushing policy boundaries

The new tool is part of the broader measures put in place by the RBI to bolster rate transmission after banks failed to fully pass on its 135 basis points of policy easing since February. The central bank has separately prodded banks to peg part of their loan books to external benchmarks such as treasury bills and the repurchase rate, and pumped in billions of dollars to keep liquidity in surplus in the banking system. READ MORE
RBI Governor Shaktikanta Das

10:36 AM

BASF India surges 6% as Lone Star to acquire parent firm's chemical biz

Shares of BASF India advanced 6.14 per cent to Rs 1,015.55 on the BSE on Monday after its parent company BASF, Germany signed a Purchase Agreement with an Affiliate of Lone Star, a global private equity player, for acquisition of BASF's Construction Chemicals Business.
 
In an exchange filing, the company said the purchase price on a cash and debt free basis is EUR 3.17 billion, and is expected to close in the third quarter of 2020, subject to approval of the relevant competition authorities.  READ MORE

10:35 AM

Metal stocks gain

10:24 AM

Momentum picks by ICICI Securities

10:14 AM

RIL slips nearly 3% as govt seeks to block $15 bn Saudi Aramco deal

In a counter affidavit, the oil-to-telecom behemoth said it was a ‘falsehood’ that the arbitration tribunal had passed an award requiring the company and its partners to pay $3.5 billion to the government. READ MORE   

RIL's asset monetization likely to pare Rs 1 trillion of total debt

10:00 AM

Small- and mid-cap companies eye buybacks to shore up valuations

Small- and mid-cap companies are looking to shore up valuations of their shares and stem the price erosion by launching buybacks as the broader market is yet to show any signs of recovery.
 
According to investment bankers, these companies are looking to buy back shares to shore up the share prices by reducing the outstanding free float available in the market. "At these market prices, the companies can save on their buying cost as several mid- and small-cap shares have been beaten down," the banker said. READ MORE
9:51 AM

NEWS ALERT | Tata Power awarded LoI to own the licence for the distribution and retail supply of electricity in CESU : BSE filing

9:44 AM

Market check

9:35 AM

NEWS ALERT | 4.2% equity exchanged on BSE of Lux Ind: CNBC TV18

>> Equity exchanged with 10.5 lakh shares worth Rs 137 cr trading in a block  at Rs 1,301/Sh

9:31 AM

KEC International gains 2%

>> KEC International, the flagship company of the RPG Group, on Saturday said it has bagged orders worth Rs 1,520 crore across various business verticals.

9:30 AM

NEWS ALERT | L&T Tech Services awarded multi-million dollar EPCM project in Europe

9:28 AM

GAIL trades lower on report DoT has sought Rs 1.72 lakh crore in past statutory dues

>> Amout sough following the Supreme Court's ruling on revenues that need to be taken into consideration for payment of government dues.

9:26 AM

Bharti Infratel erases 0.8%

>> The government is unlikely to clear the proposed merger of Bharti Infratel with Indus Towers by the December 24 deadline, said a report by The Economic Times.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 23 2019 | 7:38 AM IST