Sensex rallies 443 pts; Nifty holds 15,550; Maruti rises 7%, Hero Moto 6%

CLOSING BELL: Maruti Suzuki, Eicher Motors, Hero MotoCorp, Bajaj Auto, M&M, and Tata Motors were the top Nifty gainers, advancing between 3.5 per cent and 6.7 per cent

2:14 PM

India aims to keep FY23 fiscal deficit at last year's level: Report

In February, Prime Minister Narendra Modi's government set a fiscal deficit target of 6.4% of gross domestic output (GDP) for the year that started on April 1, compared with a deficit of 6.7% last year. READ MORE

2:07 PM

BSE 500:: Volume shockers

Triveni Turbine has witnessed unusually high volume of around 1.48 lakh shares so far on the BSE as against its five-day average traded volume of around 17,600-odd shares. Similarly, Marico, IRB Infra Developers, Jindal Stainless and Route Mobile also witnessed a spike in volume in trades on Thursday.

2:02 PM

Tata's Nexon EV catches fire, company says fully committed to safety

In a first in India's nascent e-passenger car market, a Tata Nexon EV caught fire last evening in a Mumbai suburb. While there have been numerous fire mishaps involving e-two wheeler brands, this is the first time that an e-car has burst into flames. Tata Motors said it is investigating the incident and remains fully committed to all aspects of safety. READ MORE

1:52 PM

Macrotech Developers enters B'luru; eyes Rs 1,200 cr sales from 1st project

Realty major Macrotech Developers Ltd announced its entry in the Bengaluru market and has formed a joint venture to develop its first housing project with an estimated sales bookings of Rs 1,200 crore. READ MORE

1:45 PM

Asia's thirst for cheap Russian oil hits Opec's No 2 producer Iraq

There have been no spot purchases of Iraq’s Basrah Medium or Basrah Heavy crude so far in the current Asia trading cycle, while a tender to sell Heavy oil didn’t get awarded, said traders who buy and sell the grades. Typically, India and China are major buyers of these varieties, although they’ve boosted purchases of discounted Russian crude after the invasion of Ukraine. READ MORE

1:34 PM

Global Check:: Dow Jones, S&P 500 futures down up to 0.7 per cent

Source: Investing.com

1:27 PM

S&P BSE Sensex 30 Heatmap:: Maruti, Airtel hold gains; RIL slips 2%

1:20 PM

Macrotech, Brigade Ent: Bet on these stks to benefit from real estate boom

Among other real-estate stocks, Indiabulls Real Estate remains in the bear trap, while Sobha and Godrej Properties were seen struggling to make a come back. READ MORE

1:09 PM

Sensex slips into red, drops 650 points from day's high

12:57 PM

Ajanta Pharma extends fall, slips 2%; stock turned ex-bonus on Wednesday

The company had fixed June 23, 2022 as the record date for the bonus issue in the proportion of one equity share for every two equity shares held. READ MORE

12:47 PM

BSE 500:: Stocks falling significantly from the highs of the day

MRPL has shed 7.5 per cent from the highs of the day. Similarly, Route Mobile, EID Parry, Quess Corp and Asahi India Glass were some of the other notable stocks to lose significant ground from the highs of the day in trades so far on Thursday.

12:35 PM

Vodafone Idea defers Rs 8,837 crore AGR dues payment by four years

Debt-ridden telecom operator Vodafone Idea has decided to defer payment of additional adjusted gross revenues of Rs 8,837 crore dues by a period of four years. READ MORE

 

12:27 PM

Life may get tougher for mid, small size HFCs amid rising rates: Analysts

Shares of most housing finance companies (HFCs) have underperformed at the bourses – falling between 4.6 and 35 per cent – since the announcement of the first repo rate hike by the Reserve Bank of India (RBI) on May 4. This comes on the back of fears that sharp rise in rates and higher inflation can dent the housing demand in the near-term. READ MORE

12:17 PM

S&P BSE Sensex 30 Heatmap:: 24 gainers v/s 6 six losers; auto stocks shine

12:07 PM

FPIs jettison some sectors twice as fast the overall rate of outflows

Their selling has been twice as severe or more in sectors including consumer durables (1.6 per cent), metals and mining (1.7 per cent), telecommunications (2.2 per cent), and construction material (2.4 per cent). READ MORE