Sensex falls 865pts from day's high, ends flat; RIL dips 2%, IT stocks gain

CLOSING BELL: Around 3:30 PM, the mega IPO of Life Insurance Corporation (LIC) was subscribed 91 per cent with policyholders' quota seeing a subscription of 2.79 times

2:57 PM

L&T Construction to build part of Mumbai-Ahmedabad bullet train track

L&T on Thursday said its construction arm has won a large contract for the bullet train project. L&T Construction has bagged the project from National High-Speed Rail Corporation Ltd (NHSRCL). Read more

2:47 PM

Central Bank of India to close 600 branches by March 2023, says report

The bank is looking to reduce the number of branches by 600 by either shutting down or merging loss-making branches by the end of March 2023. Read here

2:34 PM

MARKET CHECK: Sensex fizzles out gains; down 780 pts from highs

 

2:24 PM

Future Retails slips 5% for 8th straight trading day; stock hits new low

CARE Ratings has moved ratings of the company's instruments and facilities to "issuer not cooperating" category. Read here

 

 

2:15 PM

European markets hold firm gains in early deals

source: finance.yahoo.com

2:07 PM

LIC IPO offer subscribed 86% as of 2PM on day 2

Policyholder and employee categories subscribed 2.6 and 1.8 times, respectively. 

1:55 PM

US futures extend day's losses; Dow down 100 pts

source: finance.yahoo.com

1:45 PM

Half a dozen IPOs in May after LIC; Rs 28,960-crore projected mop-up

At least half a dozen companies, besides Life Insurance Corporation (LIC) of India, are looking to raise Rs 7,960 crore through their initial public offerings (IPOs) this month. The Rs 21,000-crore IPO of LIC opened on Wednesday. Total funds raised could reach Rs 28,960 crore, making May the best month for IPO fund-raising after November 2021. Read here

Illustration: Ajay Mohanty

1:35 PM

BSE Sensex 30 Heatmap:: IT stocks shine

1:27 PM

BSE 500:: Stocks falling significantly from the highs of the day

EIH has tumbled more than 8 per cent from its high of the day. Godrej Properties, Info Edge, MRPL and MAS Financial Services too pared more than 5 per cent each from their respective highs.

1:22 PM

NEWS ALERT :: AUMs of ETFs, Index Funds tracking Nifty50 cross Rs 2 trillion

>> Assets Under Management (AUM) of all the Exchange Traded Funds and Index Funds tracking Nifty50 Index have crossed Rs 2 lakh crore.

>> Indian ETFs industry also registered a record fund inflows of Rs 1.28 lakh crore in 2021-22.

>> Nifty50 index linked ETFs account for 40 per cent share of total AUM of ETFs and Index Funds in India.

Source: NSE Press Release

1:21 PM

IT stock log smart gains, led by Infosys, Tech Mahindra

Infosys and Tech Mahindra rallied around 3 per cent each. L&T Technology and HCL Technologies were the other major gaibers among the IT stocks.

1:09 PM

RBI hikes repo rate by 40 bps: Analysts see muted impact on banks' NIM, PAT

Non-bank finance companies (NBFCs), however, may feel more heat, except those engaged in mortgage financing. READ MORE

 

1:00 PM

Asian Markets Update:: A mixed day

Source: Yahoo Finance

12:49 PM

BSE 500:: Volume Shockers

Varun Beverages and ABB India have witnessed an over 1,200 per cent jump in volume compared to their respective last five-day average volume. ITDC, Rain Industries and Vardhman Textile were some of the other prominent stocks to witness unusually high volume in trades so far.