Wednesday, December 25, 2024 | 07:01 PM ISTEN Hindi

Sensex tanks 709 pts from day's high, ends 311 pts down; Nifty holds 17,500

F&O Expiry: 25 of the 30 Sensex constituents and 34 of the 50 Nifty constituents ended in the negative territory including Adani Ports, Bajaj Finance, IndusInd Bank, Infosys, TCS, Axis Bank, and HDFC

SI Reporter New Delhi

Sensex tanks 709 pts from day's high, ends 311 pts down; Nifty holds 17,500

10:45 AM

ALERT | Indian Oil to invest Rs 2 lakh crore in green initiatives

source: Reuters

10:35 AM

Chemfab Alkalies zooms 77% in 5 weeks on strong business outlook

With the focus of both the Central as well as State Governments on water connectivity and distribution, the company expects demand for the PVCO pipes to be robust. Read more

Between December 2020 and February 2021, traders were supposed to maintain at least 25 per cent of the peak margin

10:24 AM

Brokerages bullish on DreamFolks; IPO subscribed 2x, retail 8x end of Day 1

The DreamFolks Services IPO saw strong demand from retail investors, with subscribtion of up to 8x the alloted quota. The HNI segment was also oversubscribed at the end of Day 1 of the offer period. Read more

10:16 AM

WATCH | Adani acquires stake in NDTV: Will retail investors benefit?

10:08 AM

PSP Projects surges 6% as company bags new orders worth Rs 247 cr

With receipt of the current order, the total order inflow for the financial year 2022-23 till date amounts to Rs 1,344.24 crore, the civil construction company said in an exchange filing. Read here

For FY23, it has set itself a goal of Rs 1.62 trillion, and already has a pipeline of assets worth Rs 1.6 trillion under advanced stages of implementation, an official said.

9:56 AM

COMMENT | Near-term trend to likely remain 'buy on dips'

The resilience of the Indian market even amidst global volatility can be attributed mainly to two factors: One, the strong growth momentum in the economy and two, the steady FII flows even when the Dollar has been appreciating.

The FII inflows are steady since the market perception is that the dollar has peaked. So the near-term texture of the market is likely to remain 'buy on dips.'

The Bank Nifty is strong and is likely to remain strong since it has fundamental support.

Large-caps are better placed in the current phase of the market. The resilience of the capital goods segment reflects the expanding capex cycle theme.

Views by V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

9:48 AM

ONGC inches 1% up on refloating tender for gas from KG fields

The refinery firm has relaunched a tender to sell gas from its KG fields at $15 per mmBtu as it aims to capitalize on surge in global energy prices.

9:46 AM

NHPC gains over 2% on arm's pact with Rajasthan govt

The company’s subsidiary NHPC Renewable Energy (NHPC REL) and the Government of Rajasthan have signed a deal to set up a 10 gigawatt (GW) ultra mega renewable energy power for development of ultra mega renewable energy power parks in Rajasthan.

9:43 AM

Barbeque-Nation Hospitality in green as ICRA ups credit ratings

Credit rating agency ICRA upgraded credit rating for the bank facilities of Rs 15.50 crore of the company to A (Stable) whereas, the rating was upgraded to A2+ for Rs 5 crore bank facilities.

9:41 AM

PSP Projects adds 4% on bagging Rs 247 crore worth of orders

9:36 AM

Union Bank surges 6% on plan to sell Rs 2,077 crore loan

The bank, which is the second largest creditor to KSK Mahanadi Power, has put its Rs 2,077 crore outstanding loan to the company on the block, according to an auction notice, reported The Economic Times.

9:32 AM

Mahindra Lifespace soars 4% as JV concludes 26 new lease pacts

Mahindra World City Jaipur, a joint venture between Mahindra Lifespace Developers and Rajasthan State Industrial Development and Investment Corporation, has concluded 26 new lease agreements.