Sensex sheds 338 pts, Nifty ends near 17,050; IT, Adani Group stocks tumble

CLOSING BELL: The BSE benchmark index ended lower for the fourth straight trading session, and has shed 2,448 points during this period.

3:34 PM

Sensex Heatmap :: Volatile session ends with just 7 gainers on the index

3:33 PM

CLOSING BELL :: Nifty ends below 17,050

3:32 PM

CLOSING BELL :: Sensex's decline continues on contagion fears amid SVB crisis

3:18 PM

Global Check:: US, UK stock futures marginally up

Source: Investing.com

3:07 PM

SVB crisis: IBA panel meet next week may discuss strategy to back start-ups

Banks need a multi-pronged strategy to boost presence in start-up ecosystem following SVB's collapse, say experts. READ MORE

2:58 PM

BS Opinion: Inflation - Central banks can't fix the mess that politicians have created

Only politicians can fix the problem because, contrary to public belief, it is they who create money, not central banks, says T C A Srinivasa-Raghavan . READ MORE

2:48 PM

Silicon Valley Bank collapse: RBI weighs up impact on banks, NBFCs

Days after the collapse of Silicon Valley Bank (SVB), the Reserve Bank of India (RBI) has swung into action to take stock of its impact on Indian companies and banks. The regulator has started collecting information on banks and non-banks exposure to the failed Santa Clara-headquartered lender. READ MORE

2:39 PM

Nifty Pharma index hits 2-year low; Cipla, Divis, Laurus Labs at 52-week lows

Analysts said the pace of US FDA inspections has again picked-up in the last few months post Covid, and they have seen increased incidents with 483 observations and adverse outcomes. READ MORE

2:27 PM

BSE 500:: Adani Enterprises, Indian Bank, PNB Housing among top losers

Adani Enterprises plunged 9.5 per cent and was the top loser among the BSE 500 stocks. Indian Bank, PNB Housing, Ambuja Cements and Intellect Design down 6 - 9 per cent each were the other major losers so far on Tuesday.

2:15 PM

Hackers steal $197 mn from crypto lending platform Euler Finance

Blockchain monitoring firm PeckShield tweeted that Euler Finance was exploited in a flurry of transactions on Ethereum, "leading to the loss of $197 million from the project." READ MORE

2:07 PM

Global Check:: Major Asian markets decline over 2%

Source: Yahoo Finance

1:57 PM

News Alert:: CARE upgrades ratings on India Cements bank facilities

1:46 PM

Banks may hike MCLR by 150 bps in FY24 amid tight liquidity: Report

Commercial banks are likely to increase the marginal cost of funds based lending rate (MCLR) by 100-150 basis points (bp) in the next financial year (FY24) amid a rise in the cost of money and tight liquidity. The transmission of monetary policy in the banking system could intensify in FY24, according to India Ratings and Research (Ind-Ra). READ MORE

1:35 PM

BSE 500:: Sona BLW, Gland Pharma, Mahindra CIE among top gainers

Sona BLW Precision up nearly 7 per cent was the top gainer among the BSE 500 stocks so far on Tuesday. It was followed by Gland Pharma, Mahindra CIE, Lemon Tree Hotel and Greaves Cotton, up 3 - 5 per cent were the other prominent gainers.

1:24 PM

Sona Comstar up 8% as institutional investors buy Blackstone's 20.5% stake

Marquee investors like the Government of Singapore, Fidelity, FMR, ICICI Prudential Life Insurance and HDFC MF bought shares from Blackstone in the bulk deal. READ