Tuesday, December 24, 2024 | 01:18 AM ISTEN Hindi

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.

SI Reporter New Delhi

Bear market, markets, bse, nse, sensex, nifty

9:05 AM

ALERT: Rupee opens 18 paise stronger against USD

9:00 AM

Stocks to Watch: Tata Steel, HDFC, AEL, AWL, SpiceJet, Titan, BoB, NTPC

Tata Steel: The steel major reported a 46.8 per cent YoY increase in consolidated net profit at Rs 9,756 crore for the quarter ended March 2022 with the European business delivering a strong performance.

Further, the company’s board recommended a dividend of Rs 51 per fully paid equity share and Rs 12.75 per partly paid equity shares. It also announced a 10:1 stock split; wherein each share with the face value of Rs 10 will be sub-divided into 10 equity shares with a face value of Re 1 each.

HDFC: The mortgage lender reported a 16 per cent increase in net profit in January-March quarter, aided by a rise in net interest income and lower provisions. Net profit totaled to Rs 3,700 crore in Q4FY22 versus Rs 3,180 crore in the year-ago period, beating street estimates. Net interest income was up 14 per cent at Rs 4,601 crore, aided by higher loan growth. Read more

markets, indian markets, bse, nse, share markets, stock markets

8:57 AM

Here's why Mehul Kothari is bullish on Rupa, IndusInd Bank

According to the technical analyst from Anand Rathi, IndusInd Bank has managed to break out from its four-month consolidation range, and can now rally towards Rs 1,070. Read more

Markets, bulls, bears, stocks, trading, technicals, market technical, technical analysis

8:54 AM

LIC IPO opens today. Should you subscribe? What brokerages suggest

Should you invest in India's largest public offer till date? Here's what brokerages suggest. READ

8:52 AM

ALERT: Adani Ports reports 17% yoy growth in cargo volumes at 28.64 mmt for April

source: BSE filing

8:49 AM

Earnings Watch: Adani Green, Tata Consumer, Kotak Mahindra, Deepak Nitrite to release Q4 results today

The combined net profit of 20 cyclical companies in the index is expected to grow by 38.8 per cent YoY to Rs 1.01 trillion

8:45 AM

DIIs sustain buying: Buy shares worth Rs 1,951 crores on Monday

8:44 AM

FII selloff continues: FIIs sell equities worth Rs 1,853 crores Monday

FIIs pull out $2 bn this year, highest since 2008

8:42 AM

Tata Steel to complete Neelachal Ispat Nigam acquisition Ltd this qtr: CEO

Tata Steel will complete the acquisition of Neelachal Ispat Nigam Limited (NINL) by the end of the current quarter, its CEO and MD T V Narendran said. Read here

Govt approves sale of Neelachal Ispat to Tata Steel Long Products

8:39 AM

WATCH BS SPECIAL: What makes LIC IPO a long-term investment bet?

The much-awaited IPO of Life Insurance Corporation is set to open for subscription today, after it recorded bumper participation from anchor investors. WATCH this report to find out if you should subscribe to it.

LIC IPO