Sensex tanks 1,307pts on RBI's sudden 40bps rate hike; Nifty breaks 16,700

Meanwhile, the mega LIC IPO was off to a steady start, with policyholder and employee segment receiving strong response on Day 1 of the offer period.

12:23 PM

LIC IPO :: Policyholders' quota fully subscribed; issue subscription at 29%

12:18 PM

MARKET CHECK: Sensex at day's low, slips 600 pts

 

12:13 PM

BSE 500:: Top losers so far today

Varroc Engineering has slumped 13.4 per cent so far in trades on Wednesday. Vardhman Textile, Alembic Pharma, Zomato, Ruchi Soya and Info Edge were the other major losers.

11:58 AM

Beijing ramps up Covid-19 restrictions; records 51 new cases today

11:49 AM

ALERT: Govt 10-year bond yield slips to 7.18% ahead of RBI governor statement today

source: investing.com

11:42 AM

ALERT: RBI governor Shaktikanta Das to make a statement at 2PM

11:33 AM

Piramal Enterprises gets board nod to raise up to Rs 700 cr through bonds

Piramal Enterprises Ltd on Wednesday said the administrative committee of its board of directors has approved raising of up to Rs 700 crore through the issue of non-convertible debentures (NCDs) on a private placement basis. Read here

11:20 AM

From HDFC Life to ITC, here're 10 stocks that FPIs bought and sold the most

After accumulating Indian stocks for four consecutive quarters during FY21, foreign portfolio investors (FPIs) turned net sellers in the first quarter of FY22 and continue to withdraw capital from the Indian market. Read more

Illustration: Binay Sinha

11:11 AM

LIC IPO to remain open for bidding on Saturday, May 7

The Rs 21,000 crore LIC IPO will be open for bidding between May 4-9, including on Saturday. 

11:03 AM

LIC IPO day 1: LIC issue subscribed 12% as of 11AM; employee, policyholder categories subscribed the most

Employee, Policyholder and retail categories were subscribed 28%, 26% and 18%, respectively. 

10:53 AM

Cosmo Films soars 10% on bonus issue plan

Shares of Cosmo Films soared 10 per cent to Rs 2,044.75 on the BSE on Wednesday’s intra-day trade after the company announced board meet on Monday, May 9, 2022 to mull issuance of bonus shares. Read here

10:42 AM

Bank of Baroda gains after it slashes loan rate by 7%

10:32 AM

Titan slips 3%, hits over three-month low on weak March quarter results

Titan's jewellery division's revenue growth trajectory disappointed due to the dual impact of Omicron Covid variant in Jan and a sharp rise in gold prices in March deferring customer purchases. READ MORE HERE

 

10:26 AM

JSW Energy spikes nearly 4% as net profit jumps eight-fold in Q4

10:18 AM

Market check: Sensex extends downfall over 150 points