Sensex down 263 pts, Nifty near 17,700 ahead of US Fed outcome; FMCGs shine

CLOSING BELL: The losses, meanwhile, were led by the Nifty Metal index (down 2 per cent), and the Nifty Pharma index (1.4 per cent)

3:10 PM

Aurionpro Solutions gains nearly 3% after new order win from a PSB

3:00 PM

ADB cuts India's GDP forecast to 7% on high inflation, monetary tightening

The ADO expects the Chinese economy to expand by 3.3 per cent in 2022 rather than the 5 per cent forecast earlier. Lockdowns from the zero-COVID strategy, problems in the property sector, and weaker external demand continue weighing on the economic activity in China, said the report. READ MORE

2:53 PM

Gautam Adani earned Rs 1,612 crore a day in 2021: Hurun India

Adani was far ahead of Reliance Industries' chairman Mukesh Ambani (Mukesh Ambani & family), whose wealth rose 11 per cent in the last one year, as per IIFL Wealth Hurun India Rich List 2022, to Rs 7.95 trillion. The youngest on the list is 19-year-old Zepto founder Kaivalya Vohra, whose wealth is estimated at Rs 1,000 crore. READ MORE

2:39 PM

Several priority sector areas not profitable for lending: Axis Bank MD

They do ask banks to do a lot of the things which don't make money for us, so they fully understand that they need to allow us to do something where we make money to fund a lot of areas where we don’t make money,” Chaudhry said at the Global Fintech Fest. READ MORE

2:28 PM

Adani Group stocks slip in a dull market; Adani Ent, Adani Total Gas slip up to 5%

The recently acquired cement companies - Ambuja Cements and ACC were down by 6 per cent. Besides, shares of Adani Enterprises, Adani Ports, Adani Transmission, Adani Green Energy, Adani Total Gas and Adani Power were down in the range of 2 per cent to 5 per cent. In comparison, the S&P BSE Sensex was down 0.41 per cent at 59,476 points. READ MORE

2:18 PM

ALERT :: Government examining requests to raise Sugar Minimum Price, reports Bloomberg

2:09 PM

Market Check:: Sensex off lows, down merely 77 points

2:00 PM

News Alert:: S.P. Apparels approves share buyback worth Rs 35.10 crore

The board of directors of S.P. Apparels approved a share buyback of Rs 35.10 crore. The company plans to buyback 6 lakh equity shares at a maximum price of Rs 585. The record date for the proposed buyback is October 10. The stock jumped nearly 5 per cent to Rs 440.

1:52 PM

Liberty Shoes surges 17%, hits over four-year high on heavy volumes

Shares of Liberty Shoes hit an over four-year high of Rs 226.10 on the National Stocks Exchange (NSE), as the stock surged 17 per cent in Wednesday's intra-day trade, amid heavy volumes in an otherwise weak market. The stock of the footwear company quoted at its highest level since August 2018. READ MORE

1:42 PM

BSE 500:: Patanjali, Adani Wilmar, Central Bank among volume shockers

Patanjali Foods has witnessed unusually high volume of around 5.15 lakh shares on the BSE so far as against its five-day average volume of around 53,600-odd shares. Similarly, Adani Wilmar, Central Bank of India, Sterling & Wilson and RHI Magnesita also witnessed a significant spike in volume on Wednesday.

1:32 PM

Capital goods stocks may re-rate on Govt capex push, firm demand: Analysts

Inflation remains a key risk for margins amid geopolitical tensions. But, analysts expect this to improve from the second half of FY23 due to declining commodity prices and strong order inflows. READ MORE

1:23 PM

IndusInd Bank's stock rally has more legs; up to 31% upside likely: Experts

IndusInd Bank has addressed key issues that were an overhang on the counter at the bourses - the biggest being the reappointment of its managing director and chief executive officer. READ MORE

1:18 PM

NCLT adjourns Bajaj Hindusthan bankruptcy petition to December 7

The National Company Law Tribunal's Allahabad bench has listed the State Bank of India petition against Bajaj Hindusthan Sugars for December 7. READ MORE

 

1:09 PM

BSE 500:: Top losers so far

Nuvoco Vistas slipped over 8 per cent and was the top loser among the BSE 500 stocks so far. ACC, JK Laksmi Cement, Ambuja Cements and Brigade Enterprises were the other major losers.

12:57 PM

Global Check:: Major Asian markets fall over 1% ahead of US Fed meet outcome

Source: Yahoo Finance