Investors poorer by Rs 7 trn as Sensex crashes 1,416pts; Nifty holds 15,800

CLOSING BELL: The Nifty IT index plunged 6 per cent on the NSE today after global brokerage JPMorgan downgraded the sector to "underweight".

10:25 AM

EXPERT TAKE :: Nikhil Kamath flags Target, Lowe's-like risks for India

10:20 AM

Axis AMC sacks chief dealer Viresh Joshi over front-running allegations

The reason for termination was not given. Earlier, Axis AMC had also suspended Joshi and Deepak Agarwal. Read here

10:14 AM

ITC rallies 5%, nears three-year high in weak market on strong Q4 results

Analysts expect cigarette volumes, price growth in FMCG business & strong agri exports to drive revenues for the company in future. Read here

10:04 AM

Commodity pack falls 2%; SAIL, Jindal Steel, Vedanta shed over 3% each

9:54 AM

EXPERT TAKE :: Samir Arora on problems with investing in illiquid stocks

9:45 AM

Lupin slips 9%, hits 2-year low on disappointing March quarter results

Lupin's performance was skewed on revenues front amid US and India posting lower than expected sales while RoW and South Africa saw better than anticipated traction this quarter. Read more

9:40 AM

LIC Housing Finance mildly lower in a weak market; firm posts robust Q4 result

>> The company has reported a 174 per cent increase in net profit for the March quarter to Rs 1114 crore from Rs 406 crore a year ago. Revenue for the quarter rose 6.3 per cent year on year to Rs 5207.53 crore. Provisions for loan losses for the quarter stood at Rs 177 crore.

9:38 AM

IGL slides nearly 6% despite strong Q4 result, domestic gas price hike in Delhi

>> The company posted a 9 per cent rise in its net profit to Rs 362 crore in the quarter ended March 2022 as against Rs 331.00 crore during the previous quarter ended March 2021. Revenue rose 55.16 per cent to Rs 2405.92 crore in the quarter as against Rs 1550.63 crore during the previous quarter ended March 2021.

9:34 AM

IndiGo down over 1% as CEO Ronojoy Dutta announces retirement

>> The company will be in focus after Ronojoy Dutta, the chief executive officer of IndiGo, said he will retire on September 30. The firm also said it has appointed Pieter Elbers as the next chief executive officer.

9:32 AM

Lupin stock cracks 6% on Q4 net loss

>> Pharma major Lupin posted a net loss of Rs 511.9 crore for the fourth quarter of fiscal 2021-22 due to rising costs, price erosion in the US and impairment expense of Rs 126.7 crore for US-based Gavis. Lupin had posted a net profit of Rs 464 crore in the corresponding quarter last fiscal.

9:31 AM

Manappuram Finance sinks nearly 10% as profit falls 44% in Q4

>> Manappuram Finance on Wednesday reported over 44 per cent decline in net profit at Rs 261 crore in the quarter ended March 2022. The company had posted a net profit of Rs 468 crore in the same quarter of the previous year.

9:29 AM

ITC rises over 2% in a weak market on solid Q4 show

>> The FMCG major has reported a 12 per cent rise in consolidated PAT (attributable to owners of the parent) at Rs 4,196 crore for the quarter ending March 31, 2022. The company had recorded a consolidated PAT of Rs 3,755 crore during the corresponding period last year. Consolidated revenue rose 14 percent on year to Rs 17,554 crore. 

9:27 AM

BSE SmallCap index underperforms; index down 2.25%

9:26 AM

BSE MidCap index slides 2% in early deals

9:25 AM

Sector check :: All indices in the red; Metals, Realty worst hit