HDFC twins, IT stocks drag Sensex 566pts down; Nifty holds 17800; PSBs zoom

CLOSING BELL: HDFC Bank, HDFC, and HDFC Life were the biggest laggards on the 50-pack index as they fell between 2.5 per cent and 3.5 per cent

1:23 PM

BSE 500:: Volume Shockers

Ruchi Soya, IDBI Bank, Tata Power and JSW Energy witness unusually high volume in trades so far.

1:14 PM

BSE 500:: Stocks recovering from intra-day lows

Ruchi Soya has recovered nearly 11 per cent from the lows of the day. Similarly, Yes Bank, Vaibhav Global, Punjab & Sind Bank and Tata Power have gained 8-9 per cent from the respective lows of the day.

1:01 PM

IT giants TCS, Accenture, Cognizant lead Indian firms amid digital boom

As digital transformation gets in top gear, IT companies lead the pack and the top 3 firms are Tata Consultancy Services, Accenture and Cognizant, respectively, ramping up IT investments and hiring. READ MORE

12:55 PM

Maruti Suzuki to hike vehicle prices this month amid rise in input costs

The country's largest carmaker Maruti Suzuki India (MSI) on Wednesday said it will increase prices of its entire model range. READ MORE

12:50 PM

Russia-Ukraine update: EU bats for energy sanctions on Russia

12:44 PM

BSE 500:: Stocks falling from intra-day highs

Dilip Buildcon and Tube Investments shed around 6 per cent each from the respective highs of the day so far. Solar Industries, Max Healthcare and Kajaria Ceramics were the other prominent shares to lose ground. READ MORE

12:38 PM

Adani Wilmar, Adani Power: Is it time to book profit in Adani Group stocks?

Adani Wilmar, Adani Power, and Adani Total Gas are expected to see up to 18 per cent upside in the coming sessions. READ MORE

12:31 PM

BSE Sensex 30 Heatmap:: NTPC, Tata Steel shine; HDFC twins whine

12:21 PM

Sugar stocks sweeten; Dwarikesh, Dalmia Bharat, Triveni surge up to 10%

Magadh Sugar & Energy, Rana Sugar, Uttam Sugar Mills, KM Sugar, Andhra Sugar, Mawana Sugar and Shree Renuka Sugar surged 10 per cent to 15 per cent on the BSE. READ MORE

12:12 PM

Asian Markets Update:: Nikkei, Hang Seng down over 1%

Source: Yahoo Finance

12:05 PM

RBL Bank reports 8% yoy decline in retail advances; stock down 1%

 

11:52 AM

India's services sector expands at fastest pace so far this year in March

India's services sector expanded at its fastest pace so far this year in March as an easing of Covid-19 restrictions boosted demand, but elevated inflationary pressures clouded business confidence, a private survey showed. Read more

11:44 AM

Ruchi Soya tanks 19% as board okays FPO allotment; down 28% in one week

Shares of Ruchi Soya Industries continued to witness selling pressure, and fell as much as 19 per cent to Rs 706 on the BSE in Wednesday’s intra-day trade amid heavy volumes ahead of the listing of shares allotted via follow-on-public offering (FPO). The stock of edible oil company has slipped 28 per cent in the past one week. Read here

11:38 AM

Paytm to be operating EBITDA breakeven in 6 quarters: Vijay Shekhar Sharma

Fintech major Paytm is likely to be operating EBITDA breakeven in the next six quarters, the company’s founder and CEO Vijay Shekhar Sharma said in a letter to shareholders on Wednesday. READ MORE HERE

 

11:25 AM

Wockhardt up 5%; Rakesh Jhunjhunwala bought additional 5 lac shares in Q4