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

1:29 PM

Sept Quarter Result :: Gujarat Gas reports net profit of Rs 404.4 crore

>> Revenue at Rs 3,976 crore

 

>> Ebitda at Rs 643 crore

 

>> Ebitd margin at 16.2%
 

1:19 PM

Amazon becomes world's first listed firm to lose $1 trillion in market cap

While technology and growth stocks have been punished throughout the year, fears of a recession have further dampened sentiment in the sector. The top five US technology companies by revenue have seen nearly $4 trillion in market value evaporate this year. READ MORE

1:09 PM

Stock of this hospital company has zoomed 115% from its May 2022 low

The stock price of Rainbow Children's Medicare has more-than-doubled or zoomed 115 per cent from its 52-week low of Rs 410, touched on May 17, 2022. The stock traded 63 per cent higher against its issue price of Rs 542 per share. The company made stock market debut on May 10, 2022. Shares had slumped 17 per cent to a low of Rs 450, Rs 92 post issue. READ MORE

12:55 PM

India and China are converging to high income levels, says Moody's

"More importantly, emerging structural trends such as deglobalization, deindustrialization and digitalization mean that some factors that drove income convergence in the past may no longer be as effective, and the onus will be on policy to foster growth in productivity and income," Moody's said. READ MORE

12:42 PM

Tata Power, Adani Transmission: Is the bull-run over in power stocks?

Earlier this year, Power Grid Corporation of India, Adani Transmission, Tata Power and Torrent Power hit record highs on entering uncharted territories; however, the currrent stock prices are way-off from their respective peaks, down in the range of 11 - 22 per cent. READ MORE

12:32 PM

IPO Update :: Kaynes Tech issue off to a dull start; subscribed just 3% so far

12:22 PM

MARKET CHECK :: Sensex falls to day's low

12:13 PM

ALERT :: In the process of ascertaining further details, says Aurobindo Pharma

>> Earlier today, the ED arrested whole-time director P.Sarath Reddy and another company executive linked to liquor trade in the money laundering investigation being conducted by it into the now scrapped Delhi Excise policy case, reports suggsted.

12:08 PM

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

Bankman-Fried vanished from the Bloomberg Billionaires Index after his net worth just vaporised, falling 94 per cent in a single day. Before the news of the cash crunch broke, his net worth was around $15.5 billion. On late Tuesday, it was down to $991.5 million. Bankman-Fried holds a 53 per cent stake in FTX. READ MORE

11:56 AM

1.77 million new Demat accounts added in Oct, second-lowest this year

Not just the demat account tally fell in October, trading activity too softened. The average daily trading volume (ADTV) for the cash segment fell to ~54,532 crore (NSE and BSE combined), a fall of nearly 20 per cent month-on-month (MoM). READ MORE

11:45 AM

Pharma stocks in pink of health; Lupin up 4% post solid Q2FY23

11:33 AM

PSU Banks lose steam: UCO Bank, Bank of India decline 4%

11:25 AM

Rupee falls 17 paise to 81.64 against US dollar amid weak domestic equities

The rupee depreciated 17 paise to 81.64 against the US dollar in morning trade on Thursday, tracking weak domestic equities ahead of US inflation data. READ MORE

11:15 AM

Nifty Auto slips over 1%, losses led by TI India, Tata Motors

11:08 AM

Ramco Cements tumbles 14% in two days on weak Q2 results

Shares of Ramco Cement tumbled 10 per cent to Rs 634.65 on the BSE in Thursday's intra-day trade, falling 14 per cent in two days, after the company reported a weak set of results for the quarter ended September, 2022 (Q2FY23). READ MORE