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

11:25 AM

Japan's Mitsui to invest in ReNew Power's renewable energy project

ReNew Power and Japan’s Mitsui have signed an agreement that will have the Japanese company invest in a round-the-clock renewable energy project the Indian company is developing. READ MORE HERE

11:16 AM

Tanvi Foods jumps 5%, board to consider bonus issue

The company’s board is scheduled to meet on April 12 to consider various business proposals, including issue of bonus shares.

11:02 AM

NEWS ALERT :: Maruti Suzuki to undertake fresh round of price hikes from April 1

>> The cost of Company's vehicles continue to be adversely impacted due to increase in various input costs.

>> The Company has decided to pass on some impact of the above additional costs to customers through a price hike.

>> We have planned this price rise in April, 2022.

>> The increase shall vary for different models. 

 

10:57 AM

Vodafone Idea rises 7% on heavy volumes; gains 14% in last four days

Shares of Vodafone Idea (Vi) moved 7 per cent higher to Rs 11.03 on the BSE in Wednesday’s intra-day trade on the back of heavy volumes, in an otherwise weak market. READ MORE HERE

10:51 AM

Paytm surges over 3% on strong Q4 update

10:43 AM

Market Check: Sensex extends losses, slides 600 points

 

10:36 AM

ALERT: India March Services PMI rises to 53.6 from 51.8 in Feb

Rising from 51.8 in February to 53.6 in March, the seasonally adjusted S&P Global India Services PMI business activity index pointed to the strongest rate of  expansion since last December. The increase is said to have stemmed from new business wins, strengthening demand conditions and greater consumer footfall due to the relaxation of COVID-19 restrictions.

10:30 AM

Tata Power surges 21% in 4 days on heavy volume; stock hits record high

Shares of Tata Power hit a fresh record high of Rs 287.90, up 5 per cent on the BSE in Wednesday’s intra-day trade in an otherwise weak on the back of heavy volume on improved business outlook. READ MORE HERE

 

10:25 AM

Angel One hits 52-week high

10:21 AM

Saregama gains over 1% ahead of board fixing date for stock split issue

10:16 AM

Rupee opens on weak footing, falls 18 paise against USD

source: bloomberg

10:10 AM

India's economy to grow by 7.5% in FY23; to pick-up to 8% in FY24: ADB

Asian Development Bank on Wednesday projected a seven per cent collective growth for South Asian economies in 2022 with the subregion's largest economy India growing by 7.5 per cent in the current fiscal year before picking up to eight per cent the next year. READ MORE HERE

10:05 AM

China's services sector activity squeezed by surge in Omicron cases

Activity in China's services sector contracted at the steepest pace in two years in March as the local surge in coronavirus cases restricted mobility and weighed on client demand. READ MORE HERE

10:01 AM

Hotel stocks buzzing in trade; Indian Hotels surges over 6%

9:56 AM

Adani Group stocks hit fresh record highs on fund raising plan

Shares of Gautam Adani-led Adani Group companies continued their upward march with Adani Enterprises and Adani Green Energy hitting respective life-time highs after these two companies along with Adani Transmission announced plans to raise funds. READ MORE HERE