Sensex rises 712 pts, Nifty tops 17,150; Tata Steel rallies 7%, HDFC 2%

CLOSING BELL: Public sector banks were the only losers with the Nifty PSB index down 1.2 per cent

1:19 PM

Outlook positive for CG Consumer despite home appliance firm's Q1 miss

The June quarter results of Crompton Greaves Consumer fell short of street estimates. Revenues for the company, which makes home and kitchen appliances, were broadly in line with analyst estimates, but the operational performance was disappointing. READ MORE

1:12 PM

ALERT :: Rupee set for biggest single-day gain since March 2021

1:06 PM

S&P BSE Sensex 30 Heatmap:: Tata Steel, Bajaj Finserv shine; Dr.Reddy's whines

12:52 PM

Adani Ports, ABB, Nocil: Top 5 stocks that can rally up 15% in short-term

The broader markets have pulled back sharply, with the benchmarks Sensex and Nifty 50 now up 15 per cent each from the June lows. READ MORE

 

12:45 PM

BSE 500:: Top losers so far in the day

Shriram Transport and Intellect Design shed over 5 per cent each and were the top losers among the BSE 500 stocks so far on Friday. They were followed by Equitas Small Finance Bank, Dr.Reddy's Labs and Mahindra & Mahindra Financial Services.

12:37 PM

Treasury losses, low provision: What to expect from Bank of Baroda's Q1 nos

Analysts would track Bank of Baroda's commentary on asset quality, and future growth trajectory of return on equity (RoE), loan growth and NIM. READ MORE

 

12:29 PM

When will FIIs return to Indian shores?

Equity markets rallied on Thursday. Now after pulling out over $30 bn from the equities since Oct 2021, FIIs may be prepping to come back to Indian shores. Find out what all is luring them back. WATCH VIDEO

12:21 PM

Volume recovery, margins key to Jaguar Land Rover taking the wheel

Multiple headwinds for its UK-based subsidiary Jaguar Land Rover (JLR) led to weaker-than-expected performance of Tata Motors in the April-June quarter (first quarter, or Q1) of 2022-23 (FY23). While brokerages were expecting a lukewarm display, JLR’s performance missed those low-key expectations. READ MORE

12:12 PM

Asian Markets Update:: Hang Seng, Shanghai down notably

Source: Yahoo Finance

12:05 PM

Rupee gains vs dollar as weak US GDP data softens Fed rate hike view

The rupee gained versus the dollar on Friday as a weak US GDP reading deepened recessionary fears in the country and prompted investors to scale back expectations of rate hikes by the Federal Reserve. READ MORE

11:58 AM

BSE 500:: Top gainers so far

GMM Pfaudler has zoomed 17 per cent and was the top gainer among the BSE 500 stocks so far on Friday. SBI Life Insurance, Tata Steel, Finolex Cables and Schaeffler India were few of the other major gainers.

11:48 AM

On track to achieve operating profitability by September 2023: Paytm

One97 Communications, the parent company of Paytm, has prioritised the payments and distribution of lending products businesses while allocating the resources, as the company aims to achieve operating profitability by the second quarter of FY23. READ MORE

11:41 AM

US retailer Macy's tech expense cut likely to hurt Indian IT giants

In a development that may hurt IT companies, US retailer Macy’s has informed its tech vendors of a 10-15 per cent cut in the IT budget for this year amid fears of a recession. The company’s decision may impact new projects, which are likely to get delayed, said sources in the know. READ MORE

11:29 AM

TVS Motor surges 10%, hits all-time high post strong June quarter results

In the past three months, the stock of TVS Motor outperformed the market as it surged 46 per cent, as compared to marginal 0.34 per cent rise in the S&P BSE Sensex. Read here

11:21 AM

First global gold exchange in India aims to create regional bullion hub

The India International Bullion Exchange is expected to attract dealers, refineries and foreign banks, Chief Executive Officer Ashok Gautam said. Read here