Sensex dips 420 pts on weak global cues; Aurobindo Pharma down 12%, TaMo 5%

CLOSING BELL: Hero MotoCorp, HDFC Bank, Kotak Bank, ONGC, Bharti Airtel, and Dr Reddy's Labs, meanwhile, eked out gains up to 2.6 per cent

3:35 PM

NSE Nifty50 sheds 129 pts, settles at 18,028

3:33 PM

Closing Bell:: Sensex ends 420 pts lower at 60,614

3:24 PM

Global Check:: US stock futures marginally in green; UK in red

Source: Investing.com

3:17 PM

Neuland Labs hits 20% upper circuit after solid Q2; stock at 10-month high

The company reported a record EBITDA margin of 23.6 per cent, led by shift in business mix towards higher margin products as well as various cost optimization initiatives. READ MORE

 

3:08 PM

SAT relief for Bombay Dyeing and Wadias in Sebi market ban case

In a relief to Bombay Dyeing and Manufacturing Company and its promoters Nusli Wadia, his sons Ness Wadia and Jehangir Wadia, the Securities and Appellate Tribunal (SAT) has stayed the effects of an order by the Securities and Exchange Board of India (Sebi) restraining them from the capital market for two years. The matter will be next heard in January 2023. READ MORE

3:00 PM

Adani, Reliance among 15 bidders in race to buy Future Retail's assets

Capri Global Holdings, OP Jindal group's Nalwa Steel and Power, Shalimar Corporation, UV Multiple Asset Investment Trust's Special Situation Fund and United Biotech have also sent their EoI by November 3, the extended deadline for potential buyers to submit their bids. READ MORE

2:53 PM

BSE 500:: Top losers so far

Team Lease Services and Aurobindo Pharma down over 12 per cent each were the top losers among the BSE 500 stocks. Quess Corp, Deepak Nitrite and The Ramco Cement were the other major losers, down 8 - 10 per cent each.

2:44 PM

Sam Bankman-Fried: 'Crypto genius' who lost $14.5 billion in a single day

Bankman-Fried disappeared from the Bloomberg Billionaires Index on Tuesday after $14.5 billion vanished from his net worth in a single day. READ MORE

2:37 PM

TeamLease Services plunges 18%, hits two-year low on margin concerns

The management said that the headwinds in the IT industry have started impacting the specialized staffing growth and may continue for a while. READ MORE

2:27 PM

Global Check:: Asian markets see deep cuts; Hang Seng dips 1.7%

Source: Yahoo Finance

2:18 PM

BSE 500:: Top gainers so far

Gujarat Pipavav Port up 8.2 per cent was the top gainer among the BSE 500 stocks so far on Thursday. It was followed by Godrej Properties, New India Assurance, Endurance Technologies and CRISIL.

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2:10 PM

Tata Motors only loser among auto stocks in 2022. Can it recover lost ground?

Within the auto sector, TVS Motors has soared 79 per cent far this year. Mahindra & Mahindra and Eicher Motors were the other major gainers. READ MORE

1:59 PM

IPO Update :: Five Star Business Finance's issue subscribed just 8% so far on day 2

1:49 PM

Elon Musk's Tesla loses 2 years of gains amid Twitter saga, demand fears

Tesla investors had remained suspicious that Musk would unload more shares in the carmaker, despite his denials. Those fears were confirmed Tuesday in a regulatory filing that disclosed the sale of shares worth $3.95 billion, bringing his total proceeds over the past year to about $36 billion. He still owns about 14%, according to Bloomberg data. READ MORE

1:38 PM

Rated Indian infrastructure firms most exposed to currency risk: S&P

These companies will need capital for capex targets and refinancing. They should be able to raise funds domestically, rather than using high-cost offshore debt, S&P said in a report called ‘Asia-Pacific's Strong-Dollar Problem: Inconvenience Today, Headache Tomorrow’. READ MORE