Sensex dips for 3rd day, slips 59 pts; Ambuja Cement falls 6%, HDFC up 1%

On the sectoral front, key indices ended in the negative zone led by the Nifty Realty index (down 1.2 per cent) and the Nifty Pharma index (down 0.8 per cent).

2:51 PM

LIC likely to launch $8-billion IPO on March 11: Report

India's largest IPO by state-run Life Insurance Corp (LIC) is expected to open for anchor investors on March 11, three sources told news agency Reuters. READ MORE.

2:41 PM

Russia to hold strategic deterrence forces drills on Saturday: Report

2:28 PM

These 9 stocks gained over 15% in February despite Ukraine-Russia stand-off

While Blue Star record a new 52-week high, RHI Magnesia India hit a new all-time high in February. READ THE BS SPECIAL HERE

2:18 PM

NEWS ALERT : CBI issues look out circular against Anand Subramanian, Chitra Ramkrishna & Ravi Narain

NSE irregularities: CBI issues look out circulars against ex CEOs Chitra Ramakrishna, Ravi Narain & former COO Anand Subramanian
Source: TV Reports and PTI

2:13 PM

Global markets: European indices open in green

Source: Yahoo.com

2:02 PM

Coal India up nearly 3% as analysts see better Q4 performance

Brokerage ICICI Securities said that it believes the coal miner will better its growth in Q4FY22 as high demand for domestic coal due to high thermal power PLFs, and elevated international coal prices are resulting in high e-auction volumes and premiums. 

 

Going ahead, Edelweiss Research expects robust e-auction premium and improving volume to boost the company's performance. Moreover, a price hike for linkage coal may be on the anvil, according to Jefferies. It assumes a 10 per cent likely hike in 1QFY23. "We expect the price hike to offset the wage escalation", said Edelweiss Research.  

 

2:01 PM

January Aviation data :: Indian airlines carried 6.4 million passengers, down 17% YoY

Passengers carried by domestic airlines during Jan 2022 were 6.41 million as against 7.73 million during the corresponding period of previous year thereby registering annual growth of -17.14 per cent and monthly growth of -17.14 per cent.

Source: DGCA
 

1:48 PM

Cryptocurrencies tumble on risk-off sentiment

Source: CoinDesk

1:38 PM

Global markets :: Hang Seng sinks 2%

1:25 PM

Tech Mahindra and Cipla have clocked the highest turnover on the BSE so far

Tech Mahindra with a turnover of Rs 51,292 crore leads the turnover chart on the BSE in trades so far on Friday.

Source: BSE

1:14 PM

Distribution gains to bolster volume growth for Varun Beverages

A strong performance in the December quarter and plans for distribution and manufacturing expansion are positive triggers for one of the largest global franchisees of PepsiCo outside of the US, Varun Beverages. Revenue performance for the bottler of PepsiCo’s range of carbonated beverages was much higher than estimates at 30 per cent. READ MORE

1:07 PM

Banks, Metal indices lead market up move; pharma lags

Among sectoral indices, the banking and financial services related indices and Metal were the prominent gainers on the NSE, while Pharma index was the notable loser.

NSE sectoral indices (source: NSE website)

12:54 PM

MARKET CHECK :: Sensex rises 250 pts as Russia withdraws more troops

12:44 PM

Q&A :: LIC IPO may impact liquidity only in the short-term: Satish Menon of Geojit

The Russia-Ukraine stand-off, which has jolted global and domestic equity markets, is expected to neutralise in the near-future. And while this and the US Fed-related concerns have been factored in by the market as of now, SATISH MENON, executive director at Geojit Financial Services told Nikita Vashisht that a further downside is possible if the actual outcome differs from the market's assumptions. READ FULL INTERVIEW HERE

12:36 PM

HDFC, L&T, Tata Steel, SBI help Sensex hold on to gains

Sensex 30 Heatmap