Sensex bounces 563 pts off lows, ends 87 pts down; Nifty holds 17,050

CLOSING BELL: IndusInd Bank, NTPC, Tata Steel, HDFC, PowerGrid, and ITC were the major gainers

3:17 PM

NEWS ALERT :: Construction financing activity will continue under HDFC Bank after the merger, says Keki Mistry

>> Merger makes more sense due to changing regulatory environment

>> Lower cost of funding will be available for mortage business

>> Holding co discount will not be there for HDFC Bank

Source: Earnings Call

3:13 PM

New housing supply up 43% to 80k units across 6 cities in Jan-Mar: Report

Fresh housing supply rose 43 per cent quarter-on-quarter across six cities during January-March to around 80,000 units, mainly driven by a revival in the demand for residential properties, according to proptech firm Square Yards. READ MORE

3:00 PM

S&P BSE Sensex near day's high, down 100 points

2:52 PM

US market futures:: Key indices up around 0.4 per cent each

Source: Investing.com

2:47 PM

HDFC Ltd Q4 profit up 16% to Rs 3,700 cr; company approves Rs 30 dividend

The net interest income for the March quarter came at Rs 4,601 crore compared to Rs 4,027 crore in the previous year. READ MORE

2:40 PM

Shares of this e-learning firm has zoomed 113% from issue price in 3 weeks

Veranda Learning was locked at the upper circuit for the eight straight trading day, up 5 per cent at Rs 291.20 on the BSE, and had zoomed 70 per cent since April 20. READ MORE

2:31 PM

BSE 500:: Volume Shockers

Tata Chemicals has witnessed a near 17-fold jump in volume when compared with the last five-day average traded volume of 43,340-odd shares on the BSE. Amber Enterprises, Dixon Technologies, Sundaram Clayton and Solara Active were some of the other prominent shares to witness unusually high volume in trades so far.

2:21 PM

TVS Motor April sales rise 24% to 295,308 units; exports increase 6%

TVS Motorcycle sales grew by 4%, from 133,227 units in April 2021 to 139,027 units in April 2022. READ MORE

2:11 PM

Amber Enterprises soars 8%, hits record high on hopes of strong AC volumes

The company is a market leader in domestic room air conditioner (RAC) industry and air conditioning industry for mobility applications such as railways, metros, buses etc. READ MORE

2:03 PM

European markets Update:: Germany, France down over a per cent each

Source: Yahoo Finance

2:03 PM

March Quarter Result :: HDFC stock up 1%

2:02 PM

March Quarter Result :: HDFC posts net profit of Rs 3,700 crore

>> Revenue: Rs 12,299.9 crore

>> The Board recommended a dividend of Rs 30 per equity share for FY22. The Record Date for determining the shareholders entitled to the dividend for the financial year 2021- 22, as approved by the board shall be Wednesday, June 1, 2022.

1:54 PM

BSE 500:: Top losers so far today

Solara Active was the top loser so far, down almost 19 per cent. Dixon Technologies, HFCL, Jindal Stainless, Angel One and TTML were the other major losers.

1:46 PM

Ashok Leyland reports 42% rise in total commercial vehicle sales in April

The company had sold 8,340 units in the same month last year, Ashok Leyland said in a regulatory filing. READ MORE

1:40 PM

Mahindra's sales jump 25% to 45,640 units in April, SUV segment grows 22%

The company said its exports last month stood at 2,703 units against 2,005 in the year-ago period. READ MORE