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

12:41 PM

Gokaldas Exports hits record high; zooms 38% in 4 days on strong Q4 results

With the recent fundraise (QIP: Rs 300 crore), the company has strengthened its balance sheet with a repayment of around Rs 300 crore debt, post which Gokaldas Exports has become net debt free. READ MORE

12:33 PM

BSE 500:: Top losers so far today

EIH, Laxmi Organics and Vardhman Textile were down over 5.5 per cent each in trades so far. Brightcom Group, Godrej Properties, Sonata Software and Info Edge were few of the other notable losers.

12:23 PM

RBI asks ASBA designated bank branches to remain open on Sunday for LIC IPO

LIC's IPO will remain open for subscription even on the weekend, given the large amount the government is looking to raise from the market. READ MORE

12:14 PM

BSE 500:: Top gainers so far on Thursday

ABB India and Ruchi Soya have zoomed over 10 per cent each in trades so far. Varroc Engineering, Siemens, Network 18, TTML and Hikal were few of the other major gainers.

12:05 PM

Auto retail sales grow 37% in April on low Covid-hit base effect

Total sales across categories rose to 16,27,975 units in April, as compared to 11,87,771 units in the year-ago period. READ MORE

11:53 AM

Should you dump rate sensitive stocks post the RBI's surprise rate hike?

Real estate and automobiles, which were showing signs of a nascent recovery, will bear the brunt of higher interest rates. READ MORE

11:44 AM

SpiceJet hits 18-month low; stock down 23% thus far in 2022

Shares of SpiceJet continued to reel under pressure, hitting a 18-month low of Rs 52.30, down 1 per cent on the BSE in Thursday’s firm market. In comparison, at 11:10 am, the S&P BSE Sensex was up 1.4 per cent at 56,468 points. Read more

11:35 AM

Prudent Corporate Advisory Services fixes IPO price at Rs 595-630 per share

The three-day initial share-sale will open for public subscription on May 10 and the bidding for anchor investors will open on May 9, according to the company. Read here

11:26 AM

RBI girds up to fight inflation: No Band-Aid for realty, FMCG players

Monetary policy response will help preserve macro-financial stability, said RBI governor as he announcd benchmark rate hike. Read more

Photo: Bloomberg

 

11:16 AM

Hero MotoCorp up 5% on hopes of healthy business outlook

Shares of Hero MotoCorp (HMCL) were up 5 per cent to Rs 2,536.65 on the BSE in Thursday’s intra-day trade after the management displayed confidence of growing ahead of the industry. Read here

11:06 AM

Retail inflation may have touched 7.4-7.5% in April, say economists

Consumer price index (CPI)-based inflation rate rose to 6.95 per cent in March 2022 from 6.07 per cent in the previous month. Read full story here

Illustration: Binay Sinha

10:53 AM

India's services activity at 5-month high in Apr despite inflation worries

Activity in India's dominant services sector grew at its fastest pace in five months in April on strong demand, prompting firms to add jobs for the first time since November, a private survey showed, but sky-rocketing inflation remained a major concern. Read more

10:43 AM

Global interest rate hikes: Brazil raises key rates to highest level since 2017

10:33 AM

NEWS ALERT: India services PMI for April comes at 57.9 vs 53.6 in March

10:31 AM

Reliance sees sharp rebound from lows; gains 1%