Indices snap 5-day losing run; Sensex soars 574 pts, tops 57,000; RIL up 3%

CLOSING BELL: Ultratech Cement, RIL, Maruti Suzuki, Asian Paints, Bharti Airtel, and TCS were the top Sensex gainers

3:17 PM

HCL Tech Q4 report card due tomorrow; Stock gains over 1%

3:06 PM

JSW Group to develop 900 MW pumped storage hydel project in Bengal

The JSW Group will develop a 900 MW pumped storage hydel power project in West Bengal, its chairman Sajjan Jindal announced on Wednesday. READ MORE HERE

3:00 PM

Bajaj Twins, ICICI Bank, L&T, JSW Steel top 5 Nifty losers in fag-end trade

 

2:50 PM

Inox Wind falls 7% after board approves fund raise via preferential issue

Shares of Inox Wind were down 7 per cent to Rs 111, after falling 11 per cent from its intra-day high of Rs 125.35 on the BSE in Wednesday’s intra-day trade. The fall comes after the board approved fund raise aggregating to Rs 402 crore through preferential issue of equity shares and convertible warrants to promoter and non-promoters. Read the story here

2:43 PM

Russian officials in talks with RBI to find solution on payments

Welcoming India's stance on the Ukranian crisis, a senior Russian diplomat on Tuesday said Moscow and New Delhi are attempting to find a solution on the payments front amid the sanctions imposed on Russia by western countries. Read more

2:36 PM

CIL raises coal supply to power units; in talks with govt to build stocks

The country's largest coal producer and supplier CIL on Tuesday said it has upped its supplies by 14.2 per cent to coal-based electricity generating plants in the first half of the current month, but soaring power demand due to hotter-than-normal summer seems to have dwarfed the upsurge in supplies. Read here

 

2:20 PM

NEWS ALERT: Don't trust Ukrainian negotiators, says Russian FM

2:16 PM

Adani Wilmar, Coal India among stocks that hit fresh 52-week high

2:00 PM

European indices trade higher in early deals

source: finance.yahoo.com

1:51 PM

Auto stocks in fast lane; Maruti Suzuki gains over 2%

1:49 PM

Alembic gets USFDA nod to market lvabradine used in treating heart failure

Alembic Pharmaceuticals on Wednesday said it has received approval from the US health regulator to market lvabradine tablets, used to treat heart failure, in the American market. Read here

1:38 PM

HCL Tech Q4: From PAT to margin guidance, here're the key things to track

Brokerages expect the firm's earnings before interest and tax (EBIT) margins to have fallen sequentially by up to 90 basis points on supply side pressures and subdued P&P performance. READ MORE HERE

1:35 PM

S&P BSE Sensex, holds firmly above 57,000-mark, up nearly 600 pts

1:29 PM

Cement shares trade firm post ACC results

ACC has soared 6.8 per cent after the company reported 29.5 per cent drop in Q4 net profit. Ambuja Cements and UltraTech Cement have surged 4.7 per cent and 3.2 per cent, respectively.

1:21 PM

Nestle Q4: Input cost rise, Sri Lanka crisis could hit profit, say analysts

Analysts expect the maggi maker to report muted profit in the March quarter 2022 (Q4FY22) due to sluggish rural demand sentiment and input cost inflation. READ MORE