Sensex snaps 2-day gaining streak, slips 110 pts; Ruchi Soya leaps 10%

CLOSING BELL: Sectorally, the Nifty Realty and PSU Bank indices were the worst hit as they slipped 1.75 per cent and 1.6 per cent on the NSE

3:08 PM

Infosys, PowerGrid :: Stocks that are weighing on the Sensex

3:01 PM

US equity futures tread lower; hint at subdued start for Wall Street Thursday

source: finance.yahoo.com

3:01 PM

IPO Update :: Ethos subscribed over 20% so far on Day 1

2:51 PM

EXPERT TAKE :: Spike in inventory, slowdown in trade credit may have repercussions, warns Sandeep Bhardwaj

2:44 PM

RBI POLICY :: Brace for more rate hikes and weaker rupee, says India Ratings

>> India Ratings and Research (Ind-Ra) expects the retail inflation to average at a nine-year high of 6.9% in FY23, and the Reserve Bank of India (RBI) to increase the policy rate at least by 75bp in rest of FY23.

>> The hike could also be 100-125bp, but this will depend on incoming data, policy actions by global central banks, global geopolitical situation and its spill over effect on the India economy.

>> Along with it, the cash reserve ratio could also be hiked by 50bp to 5% by end-FY23. Ind-Ra therefore expects the 10-yr G-sec to trade between 7.8-8.0% by end-March 2023.

2:33 PM

Ruchi Soya to buy Patanjali's food business for Rs 690 cr, change its name

“The acquisition is valued at a fair market value of Rs 690 crore based on all the fixed assets of food division & respective current assets on slump sale basis,” the company said in its stock exchange filing on Wednesday. READ MORE

2:24 PM

NEWS ALERT :: Report suggests GST on casinos, online games may be raised to 28%

>> At present, GST is levied at 18%

2:17 PM

Global markets :: European stocks mixed as markets struggle to gain momentum

2:16 PM

Will meet monetisation target of Rs 20,000 crore in FY23: NHAI Chairperson

The NHAI is optimistic about meeting the asset monetisation target of Rs 20,000 crore in the current fiscal amid ongoing economic uncertainties and geo-political instability, a top official said. READ HERE

2:06 PM

MARKET CHECK: Sensex makes a comeback, surges over 150 points

2:01 PM

RBI's criticism for 'delayed' rate hike unfair, says ex-Guv D Subbarao

Earlier this month, Monetary Policy Committee (MPC), the central bank's rate-setting panel, surprised the markets with a 40 basis points hike in repo rate in an off-cycle policy meeting. It was also the first rate hike after August 2018, amid spiralling inflation. READ MORE

1:51 PM

Kohinoor Foods, Gokaldas Exports among stocks that hit 52-week high

1:40 PM

Bharti Airtel trades weak despite strong Q4; down 5% from intra-day high

In the past one week, Airtel has underperformed the market by falling 4 per cent, as compared to 0.28 per cent rise in the Sensex. Read here

1:30 PM

S&P cuts FY23 India growth forecast to 7.3% on inflation, Ukraine war

S&P Global Ratings on Wednesday cut India's growth projection for the current fiscal to 7.3 per cent from 7.8 per cent earlier on rising inflation and the longer-than-expected Russia-Ukraine conflict. Read more

1:20 PM

UK inflation hits 9%, highest since 1982 as food and energy prices soar

Consumer price inflation hit 9% in April, the Office for National Statistics said, surpassing even the peaks of the early 1990s recession that many Britons remember for sky-high interest rates and widespread mortgage defaults. A Reuters poll of economists had pointed to a reading of 9.1%. READ MORE