Sensex gyrates 1,227pts, ends 779pts down; Maruti dips 6%, Coal India up 9%

Closing Bell: The benchmarks were bogged down by Maruti Suzuki, Dr Reddy's Labs, Bajaj Auto, Hero MotoCorp, ICICI Bank, HDFC twins, Eicher Motors, and Sun Pharma

11:22 AM

Eveready falls 7% after Burman Family makes an open offer to buy 26% shares

Shares of Eveready Industries slumped 7 per cent to Rs 350 on the BSE in Wednesday’s intra-day trade after the Burman family – promoters of Dabur India – announced an open offer for acquiring 26 per cent stake in battery maker. The stock has fallen 8 per cent from its intra-day high of Rs 380.50 on the BSE. Read here

11:11 AM

Vedanta climbs 4%, hits over 11-year high on soaring commodity prices

Shares of Vedanta hit an over 11-year high of Rs 395.25, up 4 per cent on the BSE in Wednesday's weak market, on rising commodity prices. The stock was trading at its highest level since May 2010. In comparison, the S&P BSE Sensex was down 1.3 per cent at 55,515 points at 10:22 am. READ MORE HERE

11:11 AM

Brightcom Group slips 5% as SEBI ordered forensic audit in September

SEBI had appointed a forensic auditor in September 2021 over impairment of assets in FY2019-20. The company said the impairment decision was taken due to the Global Data Protection Regulation in Europe and its affects worldwide. The company reported the exchanges on Feb. 28. See here

 

10:58 AM

Paint stocks under pressure on steeply rising oil prices

 

10:57 AM

M&M drives in fast lane as sales jump 89% YoY in February

10:49 AM

Coal India zooms 7% on firm output growth in February

Coal India said it has produced 64.3 million tonnes of coal in February, registering a growth of nearly 4 per cent compared to the year-ago period. Read here

 

10:34 AM

NEWS ALERT :: Feb Manufacturing PMI rises marginally

>> India Manufacturing PMI for February comes in at 54.9 against 54 in January

10:29 AM

Adani Group to acquire minority stake in Quint Digital arm; stock zooms 20%

Shares of Quint Digital Media were locked at 20 per cent upper circuit at Rs 483.40 on the BSE in Wednesday's trade after the company announced that Adani Group will acquire a minority stake in Quintillion Business Media Private Limited (QBM), an indirect subsidiary of Quint Digital. READ MORE HERE

10:26 AM

Currency outlook

>> The buying interest on dips suggests that we are in for a sharp bounce, ideally aiming 76.3 and beyond.

>> Inability to float above 75.5 could dilute the upside momentum

Views by: Anand James - Chief Market Strategist at Geojit Financial Services

10:23 AM

Nifty 50 reclaims 16,600 levels

10:13 AM

ONGC, Oil India surge 5%; gain up to 41% in 6 months on high oil prices

Shares of state-owned oil exploration & production companies – Oil Natural Gas Corporation (ONGC) and Oil India – rallied up to 5 per cent on the BSE in Wednesday’s intra-day trade as oil prices surged over 7 per cent on Tuesday to their highest levels since 2014. READ MORE HERE

10:05 AM

Rupee Opening

Rupee opens weaker at 75.77 per US dollar vs Monday's close of 75.29/$

10:01 AM

Sensex extends losses, down over 900 points

9:56 AM

Burmans mull to appoint 'key management' in Eveready post completion of open offer

9:49 AM

Tata steel shines over 4% as arm plans to acquire bio-ceramics firm Ceramat