Business Standard

Monday, December 23, 2024 | 09:34 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

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

Image SI Reporter New Delhi
MARKET LIVE: Sensex down 100pts, recovers more than 500pts from day's low

1:30 PM

BSE 500:: Top gainers so far today

Tata Chemicals has zoomed over 9 per cent. GHCL, Amber Enterprises, NLC India and Can Fin Homes were the other major gainers, up 6-8 per cent eahc. VIEW ALL

chart

1:21 PM

BSE 500:: Stocks recovering smartly from the lows of the day

Amber Enterprises, La Opala, Tata Chemicals, GHCL and Godrej Agrovet were some of the prominent stocks to recover significantly from the lows of the day. VIEW ALL

chart

1:12 PM

L&T Finance to divest real estate, infrastructure books to reduce leverage

L&T Finance Holdings, a subsidiary of construction major L&T, is planning to divest its real estate and infrastructure book in order to reduce its leverage. The financial services company is in talks with several banks, including India's largest lender State Bank of India to divest part of its books. Read here

The Parliamentary Standing Committee on Commerce has observed that a massive shortfall in the budgetary allocation of over Rs 1,900 crore by the finance ministry to the industry department

1:02 PM

India has enough edible oil to tide over Indonesian crisis for now: Govt

The government has expressed the hope that India has adequate stocks of edible oils with it to tide over the immediate crisis emerging from Indonesia’s ban on palm oil exports. Read more

Photo: Bloomberg
12:51 PM

Is the US Fed rate hike always bad for equity markets? What analysts say

In the last six months, the frontline indices – the S&P BSE Sensex and the Nifty 50 – have dropped around 5 per cent each mostly owing to these two developments.  READ MORE

12:44 PM

Auto industry fails to pick up pace as chip shortage hurts production

Automakers struggled to lift sales in the first month of the new financial year (2022-23) as a fresh scarcity of semiconductor chips hamstrung production. While there was optimism that the scarcity of electronic chips would gradually ease, a surge in Omicron variant infections in China prompted authorities there to lock down residents, close factories and stop truck traffic, snarling already frayed supply chains. Read here

Union Commerce Minister Piyush Goyal last week asked multinationals to reduce royalty payments to curb the forex outgo and promote domestic manufacturing and product development.

12:35 PM

GST mop-up hits record high of Rs 1.68 trn in April on robust biz activity

The goods and services tax (GST) collection touched a record high of Rs 1.68 trillion in April, surpassing the Rs 1.5-trillion mark for the first time since the introduction of the tax regime in 2017. Read here

GST mop-up hits record high of Rs 1.68 trn in April on robust biz activity
12:24 PM

Can the Nifty 50 index hit 15,000 in three months? Here's what charts say

The benchmark indices BSE Sensex and Nifty 50 reached a new historic peak of 62,245 and 18,604 in October 2021 and have since been on a downward spiral. Both the indices are presently trading 9 per cent lower from the top and every up move has been met with selling pressure. Read more

Sensex
12:15 PM

China's stringent Covid curbs threatens to derail world's emerging markets

Fresh Covid outbreaks are spooking global investors who fear shutdowns in China will echo across the world by lowering demand and disrupting supply chains. Read more

China, Coronavirus
12:06 PM

Bajaj Auto sales slip 20% to 310,774 units in April, domestic down by 24%

Commercial vehicle sales in the domestic market, however, grew by 13 per cent to 8,944 units compared to 7,901 units in the same month last year, Bajaj Auto said. Read here

Bajaj Auto

 

11:52 AM

PMI manufacturing rises to 54.7 in April on robust demand, factory orders

Factory activity in India picked up last month, bolstered by a solid increase in demand as pandemic restrictions were eased, but rising energy prices pushed input costs to a five-month high, a private survey showed. Read here

Economy, factory, workers, labour, jobs, company, firms
11:43 AM

Just Dial slips over 3% on disappointing Q4 results

The company’s Q4 consolidated net profit declined 34.3 per cent to Rs 22.05 crore for the quarter ended March 2022 when compared with Rs 33.57 crore in the quarter ended March 2021. 

chart
 

11:33 AM

Solara Active Pharma slips 15% after Rajender Rao resigns as MD & CEO

Shares of Solara Active Pharma Sciences hit a 52-week low of Rs 545.75, sliding 15 per cent on the BSE in Monday;s intra-day trade, after the company announced that Rajender Rao Juvvadi has resigned from the position of Managing director and CEO (MD & CEO). Read more

Between December 2020 and February 2021, traders were supposed to maintain at least 25 per cent of the peak margin
11:23 AM

FPI holding at multi-year low will act as strong buffer: BNP Paribas' Vora

The rising inflation in key commodities and elevated bond yields globally remain the key challenges for foreign investors, leading to capital outflows across emerging markets (EMs). READ INTERVIEW HERE
Kunal Vora, BNP Paribas

11:14 AM

India VIX index rises 7%, hints at jittery investor sentiment

chart
 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 02 2022 | 8:06 AM IST