Sensex gyrates 690 pts, ends 89 pts down; metal, pharma rally, banks slide

CLOSING BELL: Dr Reddy's Labs (up nearly 5 per cent) was the top Nifty gainer today, followed by Coal India, Hindalco, Cipla, NTPC, JSW Steel, Tech M, and RIL

3:19 PM

Nifty Pharma gains over 1%; Dr Reddy's, Aurobindo Pharma lead index

3:09 PM

Re-opening of Moscow stock exchange a 'charade': US official

2:54 PM

European markets hold nominal gains in early trade ahead of EU meet

source: finance.yahoo.com

2:48 PM

<< Moex Russia index up over 7% in trade

2:37 PM

ALERT: Ukraine calls on EU to not pay for Russian energy in rubles

2:26 PM

Shoppers Stop extends gain after promoters up stake; surges 45% in 1 month

On Monday, March 21, 2022, four promoter group companies had collectively purchased 74,000 equity shares worth Rs 3 crore of the company from open market. READ MORE

2:20 PM

Zee Entertainment welcomes Invesco's decision to withdraw EGM notice

<< Company said it welcomes the decision by Invesco Developing Markets Fund and OFI Global China Fund LLC (“Invesco”), for its belief in the potential of the proposed merger with Sony Pictures

<< Adds that it remains focused on the completion of the proposed merger with Sony Pictures, which is in the best interest of all the stakeholders.

Source:BSE filing

(Photo: Bloomberg)

2:15 PM

Maruti Suzuki names Hisashi Takeuchi as new Managing Director and CEO

The country's largest carmaker Maruti Suzuki India (MSI) on Thursday said it has appointed Hisashi Takeuchi as the new Managing Director and CEO with effect from April 1, 2022. Read more

2:07 PM

4.8% of $10.7 trillion Indian household assets are in equities: Jefferies

The equity cult in India has been growing over the years, with the investment of Indian households in this asset class hitting an all-time high in 2022. According to a recent Jefferies report, 4.8 per cent of Indian household assets (as of March 2022) are in equities – up from 4.3 per cent in March 2021, and up nearly 57 per cent compared to 2.7 per cent allocation to this asset class in 2020. Read the story here 

Illustration: Binay Sinha

1:58 PM

Shree Pushkar Chemicals has zoomed 51% in one month

Shares of Shree Pushkar Chemicals & Fertilisers hit a 52-week high of Rs 301.10, on rallying 11 per cent on the BSE in Thursday’s intra-day trade in an otherwise choppy market on expectations of strong earnings. Read more

1:46 PM

Lupin gains 3% on US FDA nod to market generic of Revatio drug

Lupin gets US FDA nod for its abbreviated new drug application for Sildenafil, a generic equivalent of Revatio. 

 

1:35 PM

Food robotics company Mukunda raises $8 mn in round led by Zomato

Food robotics company Mukunda Foods has raised $8 million in a funding round led by Zomato, taking the company's post-money valuation to $30 million. Zomato invested $5 million as part of the funding round. READ MORE

1:26 PM

Airbus expects Indian aviation mkt to grow in single digits for next 20 yrs

European aerospace major Airbus expects the Indian aviation market to grow in single digits for the next 20 years as Covid-19 has impacted the growth of air travel. READ MORE

1:19 PM

TCS Buyback :: Settlement date revised

TCS Buyback Settlement Date revised to March 28, 2022 vs March 31 earlier

 

Acceptance Ratio to be declared on March 25, 2022

 

1:17 PM

Top Sectoral performers: BSE Metal index leads the chart, up 1.5%

The BSE Healthcare, Tech and IPO were the other major gainers.