Sunday, December 22, 2024 | 10:27 AM ISTEN Hindi

Indices log biggest 1-day fall in 9 mths; Sensex sinks 1,939 pts, holds 49K

In the intra-day trade, the benchmark S&P BSE Sensex tumbled 2,149 points while the Nifty50 index slumped 629 points

SI Reporter New Delhi

MARKET LIVE: Sensex tumbles 2,000 pts, tests 49,000; Nifty below 14,500

2:26 PM

Bitcoin falls over 5% to $44,466, close to lowest in over 2 weeks

Bitcoin fell more than 5 to $44,466 on Friday, losing $2,560.84 from its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, has risen as much as 70% from the start of the year, hitting a record high of $58,354.14.

(Source: Reuters)

2:12 PM

MARKET ALERT :: US futures turn positive; Dow recovers 250 pts from day's low

2:11 PM

Here's why Nifty Bank index tanked 5% on NSE amid rising bond yields

At 1:33 PM, the Nifty Bank index was trading nearly 5 per cent, or 1,718 points, down on the National Stock Exchange (NSE) compared with a 3 per cent slide in the benchmark Nifty50 index. The Nifty Private Bank and PSU Bank indices, too, were quoting 4.6 per cent and 3.7 per cent lower, respectively. READ MORE

2:09 PM

Nava Bharat Ventures jumps 7% as board approves Rs 150 crore buyback plan

Shares of Nava Bharat Ventures, on Friday, reversed early losses to trade 7 per cent higher in intra-day after the company board approved the plan to buy back shares worth Rs 150 crore. The company, in a BSE filing, said the Board of Directors of Nava Bharat Ventures, at its meeting held on February 26, 2021, has approved the proposal to buyback fully paid-up equity shares of face value of Rs 2 each for an aggregate amount not exceeding Rs 150 crore. READ MORE

markets, stock market, sensex, correction, nifty, shares, growth, profit, economy, gain

2:02 PM

HDFC Mutual Fund sells 2.73% stake in Just Dial for over Rs 108 crore

HDFC Mutual Fund has offloaded 2.73 per cent stake in local search engine Just Dial for over Rs 108 crore through an open market transaction. According to a regulatory filing, the schemes of HDFC Mutual Fund, which held8.33 per cent stake in Just Dial earlier, sold 1,690,653 shares constituting 2.73 per cent stake in the open market transaction. READ MORE

1:58 PM

European markets check

European stocks tumbled 1.5 per cent on Friday, led by miners and technology stocks, as a jump in bond yields and concerns of lofty equity valuations hammered demand for riskier assets. The benchmark European stock index was set to record its worst single day fall this month.

1:53 PM

RBI RCF | RBI bats for retaining current tolerance band of 4%,+/-2% over the next 5 yrs

-- Threshold inflation above which growth is unambiguously impaired ranges between 5-6%

-- Flexibility must be built into inflation targetting framework without undermining discipline of target, RBI says in RCF

1:45 PM

NEWS ALERT | RBI releases report on Currency and Finance (RCF) for the year 2020-21

1:42 PM

Standardisation of products not against innovation, says Irdai Chairman

Standardisation of products is not against innovation, rather it will cater to the common needs of the customers, said Subhash Chandra Khuntia, chairman, Insurance Regulatory and Development Authority of India (Irdai), thereby allaying concerns expressed by some sections of the industry. “We have come out with some standard products in the life and general insurance space. Some people feel that standardisation is against innovation, but let me tell you these standardised products are required to cater to the common needs of the customers”, he said, speaking at the National Insurance Academy Swiss Re Seminar. READ MORE

1:33 PM

Nava Bharat jumps 7% on Rs 150 crore buyback plan

1:22 PM

Dilip Buildcon rises 5%, hits 52-week high on order wins worth Rs 2,241 cr

Shares of Dilip Buildcom jumped nearly 5 per cent in intra-day trade on Friday, defying the market trend, to scale a fresh 52-week high of Rs 697 on the BSE after the firm emerged as the lowest bidder for orders worth Rs 2,241 crore. "Dilip Buildcon has been declared as L-1 bidder for two new National Highways Authority of India HAM projects under Bharatmala Pariyojana, Phase I in Tamil Nadu and Puducherry for orders worth Rs 2,241 crore," the company said in a BSE filing. READ MORE