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).

12:23 PM

Major Asian markets remain in red, albiet off the lows of the day

Asian markets (Source: Yahoo.com)

12:12 PM

TCPL Packaging surges 14%, hits 52-week high on healthy outlook

Shares of TCPL Packaging surged 14 per cent to a hit 52-week high of Rs 694 on the BSE in Friday’s intra-day trade on a healthy outlook. The stock of the sustainable packaging solutions producer has surpassed its previous high of Rs 662 touched on February 6, 2022. It had hit a record high of Rs 780 on June 29, 2016. READ MORE

Illustration: Ajay Mohanty

12:01 PM

Adani Green, AVI Products, Everest Inds among shares to hit new life-time highs in trades today

Stocks at life-time high

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11:45 AM

Gold slips from $1,900 as potential Russia-US talks dull appeal

Gold prices retreated on Friday, after breaking above the key $1,900 level for a second consecutive session, as a Russia-U.S. meeting next week slowed investors' dash to the safety of bullion. Spot gold fell 0.3% to $1,890.77 per ounce, as of 0308 GMT, after touching its highest in eight months at $1,902.22 earlier in the session.

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11:20 AM

Realty firms afflicted with low returns shouldn't get listed: Jhunjhunwala

Ace investor Rakesh Jhunjunwala on Thursday said real estate developers are afflicted with very low return on capital as compared to bluechip stocks.

 

Jhunjunwala, who runs RARE Enterprises and is set to be a major shareholder in an upcoming airliner, said only the affordable housing developers can look at listing because of the volumes which they can deliver. READ MORE

11:18 AM

IVP skyrockets 70% in 6 days post Q3 results; hits over 3-year high

In the past six trading days, the stock of the commodity chemicals' company has zoomed 70 per cent after it reported 47 per cent year-on-year (YoY) growth in profit after tax (PAT) at Rs 6.38 crore. Revenue from operations jumped 74 per cent YoY at Rs 156.96 crore. READ MORE

11:00 AM

Elgi Equipments, Solara Active Pharma among top gainers in BSE 500

10:45 AM

Falling yields put the squeeze on fund houses' bottom line in Q3

Falling yields have weighed on the bottom line of asset management companies (AMCs) during the quarter ended December 2021, prompting analysts to cut their earnings forecasts and price targets. Three fund houses of the four listed AMCs have seen their net profit decline between 3 per cent and 18 per cent, despite healthy growth in revenue. READ MORE

10:31 AM

Stock of this building products company has zoomed 100% since December

Since December 2021, the stock of the building products company has zoomed 100 per cent from a level of Rs 374.65 on November 30, 2021. In comparison, the benchmark index was up 1.3 per cent during the same period. READ MORE

10:19 AM

BS Exclusive :: Crude oil prices to remain in nervous 90s for now

10:09 AM

Rupee Opening

Rupee opens at 75 per US dollar vs Thursday's close of 75.11/$

Source: Bloomberg

10:04 AM

Top Nifty gainers: Coal India, L&T, Tata Steel, PowerGrid

9:56 AM

Ambuja Cements slips 4% on weak Q4 operational performance

Shares of Ambuja Cements slipped 4 per cent to Rs 345.20 on the BSE in Friday’s intra-day trade after the company reported a weak operational performance for December quarter (Q4) with margin contraction of 651 bps quarter-on-quarter (QoQ), 660 bps year-on-year (YoY) to 15.2 per cent on account of higher fuel prices and flat realisations. READ MORE

9:48 AM

BSE IT Index slips over half a percent; Firstsource Solutions slides over 3%, KPIT Tech 2.5%

9:37 AM

Market off lows :: Sensex marginally in the red