Sensex gains 124 pts, Nifty tops 17,750; IndusInd Bank up 5%, Adani Port 3%

CLOSING BELL: Bottom fishing in select heavyweights lifted benchmark indices off lows, leading to a positive close for a third consecutive day on Wednesday

9:27 AM

Allcargo Logistics rises nearly 2% as it plans to acquire remaining stake in Contract Logistics

The company will acquire the remaining 38.87 per cent stake from its JV partners in Contract Logistics at an enterprise value of Rs 373 crore. With the acquisition, the company will take its stake to 100 per cent in Contract Logistics.

9:25 AM

Adani stocks in green as Group pre-pays partial debt

The group on Tuesday said it has prepaid share-based financing of Rs 7,374 crore (over $900 million) and will prepay all such remaining loans by the end of the month, as it looks to allay concerns over leverage and debt to win over investors.

9:22 AM

Broader indices weak; SmallCap index down 0.6%

9:20 AM

Sectoral trends :: Broad-based sell-off; IT, Metal indices top laggards

9:19 AM

Sensex Heatmap :: 25 of 30 index constituents end in red; Maruti, HDFC twins, Maruti Suzuki support

9:17 AM

Opening Bell :: Sensex drops 300 pts

9:17 AM

Opening Bell :: Nifty holds 17,600

9:12 AM

ALERT :: Alembic Pharma receives US FDA's nod for Prazosin Hydrochloride Capsules; stock up 5% in pre-open

9:08 AM

Pre-Open Session :: Nifty holds 17,650

9:07 AM

Pre-Open Session :: Sensex falls over 350 pts

9:04 AM

Rupee Opening :: Rupee opens over 30 paise weaker at 82.25/$ vs Monday's close of 81.92/$

9:00 AM

Mahanagar Gas' Unison Enviro acquisition lights up its growth prospects

MGL will take 100 per cent stake in UEPL for a consideration of Rs 531 crore. MGL is a leading natural gas distribution company supplying compressed natural gas (CNG) to vehicles and piped natural gas (PNG) to domestic, commercial, and industrial consumers in Mumbai, Navi Mumbai, Thane and adjoining areas and Raigad district. READ MORE

8:56 AM

MFs, AMCs get more time to submit applications for empanelment of auditors

The applicants are required to undertake acquisition, extraction and analysis of digital evidence from mobile, computers, tablets, hard drives and USB drives. Also, the applicants need to prepare and submit a report mentioning the findings and conclusions on the analysis. READ MORE

8:52 AM

GQG founder to meet Australian investors after $1.9 bn Adani investment

The stake purchase has raised queries from an Australian pension fund client of GQG, at a time when major investors, including Norway's sovereign wealth fund, were selling Adani shares. READ MORE

8:49 AM

Stocks to Watch: HAL, L&T, Allcargo Logistics

Adani group: The group on Tuesday said it has repaid share-based financing of Rs 7,374 crore (over $900 million) and will prepay all such remaining loans by the end of the month, as it looks to allay concerns over leverage and debt to win over investors.

 

Allcargo Logistics: The company will acquire the remaining 38.87 per cent stake from its JV partners in Contract Logistics at an enterprise value of Rs 373 crore. With the acquisition, the company will take its stake to 100 per cent in Contract Logistics. READ MORE