Sensex recoups 622-pt loss, ends 410 pts down; IT stocks worst hit

Negative global market cues and profit taking pushed both Sensex and Nifty lower for the first time in four days

3:33 PM

CLOSING BELL :: Sensex recovers from day's low to end 410 points lower at 59,667

>> The index fell nearly 1,000 points in the intra-day session

3:22 PM

LIC seeks to appoint CFO before its mega IPO planned in 2021/22

State-backed Life Insurance Corp of India (LIC) is seeking to appoint a chief financial officer, according to a notification on its website, ahead of an initial public offering slated before the end of the fiscal year. The move to hire a CFO follows a decision to re-designate LIC's top job to chief executive officer from chairman earlier this year. LIC is currently under going a valuation exercise for an IPO that could be India's biggest ever as the government seeks to raise around 900 billion Indian rupees by selling 5%-10% stake in the company by the end of the fiscal year that runs through March. READ MORE

3:11 PM

Rising crude oil prices fire up energy stocks; Oil India surges over 6%

3:01 PM

Should you subscribe to AB Sun Life AMC IPO? Here's what analysts say

The initial public offer (IPO) by Aditya Birla Sun Life AMC (ABAMC), among the fourth-largest asset management companies (AMC) in India, will open for subscription on Wednesday, September 29. The company, which is a joint venture between Aditya Birla Capital and Sun Life AMC, looks to raise Rs 2,768.3 crore through an offer for sale by its two promoters. Hence, the company will not receive any proceeds from the share sale. The IPO is priced at Rs 695-712 per share and investors can bid for a minimum lot of 20 shares and in multiples thereof. READ MORE

2:47 PM

BSE Snapshot :: Advance-decline ratio favours sellers

2:45 PM

BPL, Gopala Polyplast, Contiental Chem and 25 others zoom 150% in one month

Shares of BPL, Gopala Polyplast, Continental Chemicals, Sindhu Trade Links, JITF Infra Logistics and Rajnish Wellness are among 25 stocks that have rallied more than 150 per cent in the past one month. In comparison, the S&P BSE Sensex and the S&P BSE Smallcap index have gained 5.6 per cent each, while the S&P BSE Midcap index has added 7.3 per cent in the same period. READ MORE

Illustration: Binay Sinha

2:33 PM

ALERT :: Sensex slides nearly 1,000 pts

2:13 PM

European shares drop to one-week lows on tech slide, China woes

European stocks sank to their lowest in a week on Tuesday as a surge in government bond yields knocked high-growth technology shares, with fresh signs of a slowdown in China's economy weighing on investor sentiment.

Source: Reuters

2:11 PM

BHEL gets order from Goa Shipyard for supply of an upgraded super rapid gun mount

1:58 PM

Improving business prospects, divestment make analysts bullish on PSU stks

Stocks of public sector companies, especially the oil refining and marketing companies (OMCs) – Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL) and Indian Oil Corporation Limited (IOC) – logged gains on Tuesday in a weak market. While the Nifty lost nearly 1 per cent in trade on Tuesday, the Nifty CPSE index – a gauge of performance of central public sector enterprises on the National Stock Exchange (NSE) – gained over 3 per cent in intraday trade. READ MORE

 

1:54 PM

NEWS ALERT :: RVNL bags order worth Rs 381.95 crore

Click here for details

1:44 PM

BSE Healthcare index falls over 1% dragged by Metropolis Health, Dr Lal PathLabs

1:32 PM

US futures are fairly in red, Nasdaq futures are down over 1%

The US futures are trading on a negative note. The Dow Jones and S&P 500 indices are down 0.3 per cent and 0.6 per cent, respectively, while the Nasdaq futures have declined 1.3 per cent.

(Image source: Investing.com)

1:19 PM

Cera Sanitaryware zooms 12%, hits new high on healthy outlook

Shares of Cera Sanitaryware rallied 12 per cent to hit a new high of Rs 5,699 on the BSE in Tuesday’s intra-day trade on expectations of healthy demand for sanitaryware, faucetware and tiles. The stock surpassed its previous high of Rs 5,050 touched on September 24, 2021. In the past one week, it has zoomed 25 per cent, as compared to a 1 per cent rise in the S&P BSE Sensex. READ MORE

1:08 PM

ALERT :: Bears drag Nifty to 17,650