RIL, HDFC Bk drag Sensex 115pts, Nifty holds 17,450; indices up 19% in FY22

CLOSING BELL: Hindalco tumbled 5 per cent, followed by Divis Labs, Apollo Hospitals, RIL, Wipro, Eicher Motors, Dr Reddy's Labs, and Cipla

11:31 AM

Paint stocks edge up in trade; Kansai Nerolac gains over 2%

11:27 AM

Brent crude cools off to $108 a barrel

11:20 AM

Axis Bank-Citi deal: Brokerage list key positives & negatives for the bank

Axis Bank, on Wednesday, made a historic acquisition of Citibank N.A. and Citicorp Finance's entire consumer business in India, gaining instant access to the affluent customer segment. The segment, analysts said, was seen as a gap in Axis Bank's customer positioning and will fit in the lender's retail portfolio. Read more

11:18 AM

US equity futures trade on a positive note

11:09 AM

BS Q&A: Equities to remain attractive bet in FY23, says Srinivas Rao Ravuri, PGIM India

Despite record outflows of Rs 1.42 trillion in fiscal 2021-22 (FY22) by foreign portfolio investors' (FPIs), SRINIVAS RAO RAVURI, chief investment officer at PGIM India Mutual Fund, says that short duration and corporate bond funds that are managed actively and run for lower duration are best suited to ride the change in interest rate cycle. READ HERE

Srinivas Rao Ravuri, CIO, PGIM India Mutual Fund

10:57 AM

Stock of this soft ferrites company has zoomed over 3500% in FY22

Shares of Cosmo Ferrites hit a new high of Rs 635, on gaining 4 per cent on the BSE in Thursday’s intra-day trade. The stock has zoomed over 3,500 per cent during financial year 2021-22 (FY22) on the back of robust earnings and strong outlook. Read here

10:42 AM

Delhivery aims IPO for Q1 as market sentiment improves for large offerings

Logistics company Delhivery aims to launch its initial public offering (IPO) in the June 2022 quarter, said investment bankers who know about the plans. Read more

Delhivery was, till recently, planning to launch an IPO, but experts believe those plans would be put on the backburner

10:41 AM

Nazara Tech jumps over 3% as arm to invest $2.5 million in BITKRAFT funds

10:32 AM

Rupee rises 23 paise against US dollar

10:30 AM

Bharat Forge gains as board plans to mull fund raise on April 2

10:19 AM

Saregama hits 5% upper circuit on board nod for distribution biz demerger

Shares of Saregama India were locked at the 5 per cent upper circuit at Rs 4,828.45 on the BSE in Thursday’s intra-day trade after the board approved demerger of entire distribution business of the company. READ MORE HERE

10:07 AM

Ukraine war: Stock limit on edible oils, oilseeds extended up to Dec 31

In view of the ongoing Ukraine-Russia war resulting in supply restrictions in import of edible oils and oilseeds, the Centre has extended the stock limits imposed on edible oils and oilseeds until December 31. READ MORE HERE

9:55 AM

ONGC among top Nifty50 gainers on second day of OFS

9:52 AM

Axis Bank spurts 2% on acquiring Citigroup's Indian banking businesses

Axis Bank spurted nearly 2 per cent to a high of Rs 763.90 in Thursday's intra-day trade on the back of acquiring Citigroup's Indian consumer banking businesses, in an all-cash deal worth Rs 12,325 crore. READ MORE HERE

9:43 AM

Axis bank abuzz after acquiring Citibank India for Rs 12,325 crore