ICICI, HDFC Bank lift Sensex off lows, ends 617pts down; Tata Steel dips 4%

CLOSING BELL: Bajaj Auto, HDFC Bank, ICICI Bank, Axis Bank, HDFC, Nestle India, Bharti Airtel, and Kotak Bank were the only gainers, rising up to 2 per cent

1:06 PM

BPCL falls 6% on report that government may revisit privatisation plan

Shares of BPCL dipped 6 per cent to Rs 370.50 on the BSE in Monday's intra-day trade on reports that the government may revisit the company's privatisation plan, including revision of the terms of sale. READ MORE

12:55 PM

Raising policy rates is not anti-national, RBI will have to do it: Rajan

Inflation is up in India. At some point, the RBI will have to raise rates, like the rest of the world is doing, Rajan said. READ MORE

12:46 PM

S&P BSE Sensex at day's low, down 700 points

12:30 PM

Oil in retreat mode: Brent Crude now down 4% to $102 a barrel

source:oilprice.com

12:29 PM

BSE 500:: Top losers so far

Tata Communications, Jubilant Food, MMTC, Tata Metaliks and Cummins India were the top losers so far in the day.

12:19 PM

BSE 500:: Top gainers so far

Network 18, Mahindra CIE, Quess Corp, IOL Chemicals and Adani Power were the top gainers so far in trade on Monday.

12:07 PM

Hindustan Zinc dips 6% post March quarter results

Brokerage firm Motilal Oswal Financial Services believes Hindustan Zinc to reach peak mine output after management guides flat production growth in FY23. READ MORE HERE

11:54 AM

Palm oil export ban: HUL, AWL need to conquer key resistances to soar ahead

Indonesia, one of the largest exporters of palm oil to India, has proposed a ban on palm oil exports starting April 28. India meets almost 45 per cent of its annual palm oil requirement from Indonesia. Read more

Photo: Bloomberg

11:43 AM

Lankan stocks fall as trading resumes after 2 weeks amid deepening crisis

Sri Lanka Stock Market Colombo All-Share Index fell as much as 6.7% while blue-chip index slumped 5.2% within seconds of resumption of trading. READ MORE HERE

11:36 AM

Asian markets extend losses, slip up to 4%

 

11:32 AM

Gold hits 2-week low on hawkish Federal Reserve bets, dollar strengthens

Gold now at a two week low over Fed bets while the dollar is steadily strengthening its ground. Spot gold was down by 0.1% per ounce while futures were down by 0.2%. READ MORE HERE

11:24 AM

Waning demand for LIC IPO highlights fiscal challenges for PM Modi

India’s decision to go ahead with a much-reduced target for its vaunted life insurer’s initial public offering, as skittish investors continue to pull money from the South Asian nation, is adding to the risks threatening the nation’s fiscal deficit target. Read more

11:07 AM

Ambuja Cements hits over 3-month high; rallies 29% thus far in April

Holcim Ltd., the world's biggest cement maker, is considering a potential sale of businesses in India including Ambuja Cements. READ MORE HERE

11:05 AM

Analysts see 43% upside in ICICI Bank on market share gain, credit growth

ICICI Bank Q4 review: With steady growth delivery, strong asset quality, and low credit costs, the bank can continue to drive steady low-risk returns with consistent earnings per share compounding. READ MORE HERE

10:59 AM

ICICI Bank, Axis Bank, Maruti, M&M hold ground in weak market