Sensex, Nifty end flat; Tata Chemicals jumps 12%, IGL 6%; SpiceJet sheds 5%

CLOSING BELL: Among sectors, the Nifty IT index slipped 0.9 per cent, while the Nifty Metal index advanced 1.6 per cent

1:40 PM

Zomato's weightage in FTSE indices to rise to 24.9% from August 11

The global index provider has announced the investability weight for Zomato will be increased from 17.12 per cent to 24.9 per cent in the FTSE All-World Index with effect from August 11. The move will result in the buying of around 20 million Zomato shares by funds tracking FTSE indices. READ MORE
 

1:29 PM

MARKET CHECK :: Sensex range-bound in trade today

1:20 PM

Eveready Industries hits 5-month high on hopes of better business outlook

Eveready said the performance in Ebitda factors the impact of raw material inflation which could not be fully passed on. Further, return of business overheads which had been curtailed in the previous year owing to the pandemic restrictions also strained the company's margin profile. READ MORE

1:08 PM

Reliance Industries increases related-party disclosures in FY22 report

For instance, RIL disclosed in its latest annual report that Reliance Retail — in which it has 85 per cent stake — was the master distributor for Reliance Jio Infocomm for its telecom services. RIL also said that Reliance Retail had undertaken sale of customer premise equipment and enterprise devices for Reliance Jio during the period. READ MORE

12:58 PM

On the slide this year, silver likely to see some recovery: Experts

“We believe silver is oversold,” Steel said. “Much of silver’s industrial demand will be well supported and will not reflect overall industrial sluggishness,” while price declines will stimulate demand from key consumers China and India, he said. READ MORE

12:47 PM

ALERT :: India VIX climbs over 2%

12:37 PM

Tax conundrum: FPIs uneasy after 18% GST on regulatory services

The Centre’s recent move to impose Goods and Services Tax (GST) on services rendered by the markets regulator, Securities and Exchange Board of India (Sebi), has rattled foreign portfolio investors (FPIs). They fear the decision could result in GST on “export of services”, which is currently a zero-rated supply. READ MORE

12:27 PM

Coinbase reports $1.1 billion in net loss, revenue drops 60% in Q2

"Q2 was a tough quarter, with trading volume and transaction revenue each down by 30 per cent and 35 per cent sequentially, respectively. Both metrics were influenced by a shift in customer and market activity, driven by macroeconomic and crypto credit factors alike," the company said after reporting its Q2 results late on Tuesday. READ MORE

12:17 PM

Adani Enterprises, Andhra Paper among stocks that hit 52-week high

12:00 PM

Coal India hits 52-week high ahead of Q1 results

11:55 AM

Roll-out of 5G tech will map Bharti Airtel's stock trajectory: Analysts

Investors need to stay vigilant as payback from 5G is still unclear (across telcos globally), and may put pressure on tariff hikes, analysts cautioned. READ MORE

11:50 AM

Jefferies sees 15% correction in Indian markets; adds Zomato to portfolio

In the past one month, the S&P BSE Sensex and the Nifty50 have gained around 8 per cent each with a large part of these gains coming via the BFSI route. READ MORE

11:45 AM

Siemens hits new high on record order book, market-cap crosses Rs 1 trn

The company not experiencing a slowing down in public and private capex spending; however, concerned about global headwinds impacting demand which could result in a slowdown in Capex spending. READ MORE

 

11:37 AM

JSW Energy unit to buy $1.3 billion renewable assets from Mytrah Energy

India's JSW Energy said on Wednesday that its unit JSW Neo Energy has agreed to buy some renewable energy capacity from Mytrah Energy (India) for about 105.30 billion rupees ($1.32 billion). READ MORE

11:31 AM

AIA Engineering hits new 52-week high, soars over 10%

The company reported 28.4 per cent growth in Q1FY23 consolidated net at Rs 191.47 crore, and total income rose by 41.2 per cent YoY to Rs 1,100.33 crore on a YoY basis. READ MORE