F&O expiry: Sensex soars 1,041 pts, Nifty tops 16,900; Bajaj twins leap 10%

CLOSING BELL: Tata Steel, Kotak Bank, IndusInd Bank, Nestle, Infosys, Asian Paints, and Tech M were the other outperformers, up between 3 per cent and 4.6 per cent

1:27 PM

Global Check:: US, UK stock futures tepid a day after 75 bps Fed rate hike

Source: Investing.com

1:18 PM

Trading tips :: Nithin Kamath on how to trade in stocks like YES Bank, Zomato

1:17 PM

Oil extends gains by over $1 as risk appetite improves, US inventories fall

Oil rose more than $1 a barrel on Thursday, extending gains from the previous session, buoyed by improved risk appetite among investors as lower crude inventories and a rebound in gasoline demand. READ MORE

1:09 PM

'No impact on flight operations': SpiceJet after DGCA curtails 50% flights

The Indian airline company SpiceJet on Thursday assured their passengers and travel partners that all flights departed on time and there has been absolutely no impact on flight operations. READ MORE

1:02 PM

Sun Pharma's Q1 margins likely to be hit on elevated input costs: Analysts

Sun Pharma Q1FY23 results: Prabhudas Lilladher foresees the company's net profit to rise 27 per cent year-on-year (YoY) to Rs 1,786 crores from Rs 1,445 crores in the year-ago quarter. READ MORE

12:53 PM

Sensex soars over 900 points: Top 5 reasons driving investor sentiment

Analysts believe that the US Fed's confidence about strong labor markets and dismissal of recession brought respite to the investors. READ MORE

12:46 PM

Bajaj Finance: Analysts bullish on accelerated growth, digital initiatives

Bajaj Finance Q1 preview: The prospects of Bajaj Finance turning into an “adaptable new age fin-tech” company is keeping analysts bullish on the stock. Moreover, the non-bank finance company’s (NBFC’s) strong asset under management (AUM) growth via digital channels will support its premium valuations, they said. READ MORE

12:39 PM

IT companies' margins decline to decade-low of 23.2% in June quarter

After a big jump in the margins and profits in the quarters immediately after the break-out of the Covid-19 pandemic in March 2020, the export-driven IT services companies are now facing their biggest earnings challenge in more than a decade. The operating or EBITDA (earnings before interest, tax, depreciation and amortisation) margin of the industry declined to more than a decade low of 23.2 per cent in Q1FY23 as operating expenses raced ahead of revenue growth or the firms. READ MORE

12:32 PM

June Quarter Result :: Jubilant Food reports profit of Rs 112 crore vs Rs 69.5 crore YoY

>> Revenue at Rs 1,255 crore vs Rs 893 crore YoY

>> Ebitda was Rs 304 crore 

>> Ebitda margin at 24.2%

12:32 PM

Alert: Bajaj Finserv announces 1:1 bonus issue, and 1:5 stock split

The company's board has approved the sub-division of equtiy shares in 1:5 ratio; and bonus issue in the ratio of 1:1.

12:28 PM

Asian Markets Update:: India outperforms peers

Source: Yahoo Finance

12:21 PM

India's top companies flag slowdown concerns as global recession looms

Chairman of the top two consumer goods companies, namely ITC and HUL, were blunt in their assessment of the market. READ MORE

12:15 PM

BSE 500:: Top losers so far

SpiceJet and Brightcom Group have shed 5 per cent each and were the top losers among the BSE 500 stocks on Thursday. They were followed by Mahindra Life, Biocon and Welspun India.

12:09 PM

Bajaj twins cross major hurdles; tech charts suggest up to 10% upside

Both, Bajaj Finance and Bajaj Finserv, may enter a long-term bull run if the current levels are held decisively for few more sessions. READ MORE

12:03 PM

Gold jewellery demand in India likely to dip in H2: World Gold Council

At the global level, the demand for gold (excluding OTC) was 8 per cent lower y-o-y at 948 tonnes. Combined with Q1-2022, the total demand in the first half of 2022 came in at 2,189t, up 12 per cent YoY. READ MORE