Sensex snaps 6-day winning streak ahead of RBI policy outcome, dips 52 pts

CLOSING BELL: PSU banks were the worst hit today with the Nifty PSB index down 1.75 per cent

3:31 PM

BSE 500:: Volume Shockers

Macrotech Developers witnessed unusually high volume of around 37.49 lakh shares so far on the BSE as against its five-day average volume of around 7,200-odd shares. Similarly, Thermax, Bajaj Electrical, Redington India and Kalyan Jewellers have witnessed a significant spike in volume in trades on Thursday.

3:24 PM

Nykaa Q1 revenue may rise 33% YoY, profit could jump on low base: Analysts

Brokerages have broadly estimated the Ebitda margins to rise to 4.5-4.8 per cent. In the year-ago period and the March quarter, the Ebitda margins stood at 3.3 and 4 per cent. READ MORE

3:18 PM

Worst of inflation behind us; mkt recovery to continue: Emkay's Sachin Shah

Investors have placed aside concerns around inflation, and rate hikes over the past few weeks, reflecting a significant decline in risk-off sentiment. The benchmark Sensex and Nifty indices have erased all losses for the calendar year 2022 with an impressive turnaround. READ FULL INTERVIEW

3:07 PM

Monetary policy: RBI likely to return interest rates to pre-pandemic levels

With Federal Reserve officials signaling a pause is out of the question until they see evidence of inflation easing, RBI watchers will be closely monitoring Governor Shaktikanta Das's remarks. READ MORE

3:00 PM

Companies raise funds via CP to lock in lower rates ahead of RBI policy

Ahead of the RBI's monetary policy, most companies are rushing to short-term debt market to raise funds through commercial papers to lock-in lower rates. READ MORE

2:53 PM

GAIL Q1 net profit jumps 51% to Rs 2,157 cr on bumper marketing margins

GAIL India posted a consolidated net profit of Rs 3,250.95 crore, or Rs 7.34 per share, in April-June compared to Rs 2,157.15 crore, or Rs 4.81 a share, net profit  in the same period a year back, the company said in a regulatory filing. READ MORE

 

2:46 PM

ALERT :: Dabur Q1 profit rises to Rs 441 crore

>> Revenue at Rs 2,822 crore

>> Ebitda at Rs 543.6 crore

2:44 PM

Navneet Education hits 3-yr high on strong Q1; stock soars 28% in 2 days

The advent of new educational policy would bring changes in the curriculum of the school syllabus and will directly impact the company's business positively, acting as a strong growth driver. READ MORE

2:38 PM

ALERT :: BHEL narrows standalone net loss of Rs 192 crore; stock spikes

>> Reports revenue at Rs 4,672 crore

2:33 PM

ALERT :: Balrampur Chini June quarter net slumps 84% YoY to Rs 11.62 crore

Balrampur Chini June quarter net profit slumped 84 per cent to Rs 11.62 crore in Q1FY23 from Rs 73.03 crore in Q1FY22. Total income was down 4.5 per cent YoY at Rs 1,094.59 crore.

2:29 PM

Market Check:: S&P BSE Sensex down 380 points amid high volatility

2:22 PM

Federal Bank becomes 1st to list Payment Gateway on new tax platform

Kerala-based Federal Bank has become the first bank to list its Payment Gateway platform on the TIN 2.0 platform of the Income Tax Department. READ MORE

2:15 PM

Asian Markets Update:: Sensex, Taiwan underperform in trades on Thursday

Source: Yahoo Finance

2:07 PM

Hard work, determination: Creating India's biggest crypto community

Ushering greater ease and clarity to tackle financial markets, Yash Gupta, Director of Aspire Now Global LLP is successfully building a community platform to train about investments. READ MORE

1:59 PM

Sensex 30 Heatmap:: Infosys, FMCG hold fort; RIL, banks slip