Sensex drops 483 pts as yields hit 3-yr high; IT stks drag, Paytm leaps 12%

CLOSING BELL: More than 20 of the 30 Sensex stocks and 30 of the 50 Nifty counters ended in the negative zone. These included HCL Tech, Infosys, L&T, Wipro, Asian Paints, HDFC, and HDFC Bank

1:26 PM

Cement stocks trade firm; Ambuja Cements zooms 8.6%

Cement stocks were seen trading with solid gains with the likes of Ambuja Cements up over 8 per cent. ACC too surged nearly 5 per cent, Kesoram Industries and India Cements too logged strong gains.

1:18 PM

BSE 500:: Westlife, Godfrey Philllips among volume Shockers today

Shares of Westlife, Godfrey Phillips, VST Industries, Ambuja Cements and UPL were among the counters to witness unusually high volume in trades on Monday.

1:07 PM

Tejas Networks snaps 2-week winning streak; Stock freezes 5% lower circuit

Atmanirbhar Bharat Abhiyan of the Government is aimed at limiting import dependence and increasing demand for indigenous products, providing better growth opportunities for the company. READ MORE

12:56 PM

BSE 500:: IT stocks on weak ground

Infosys, Wipro, HCL Technologies and L&T Infotech were down over 2 per cent each. TCS was marginally in red ahead of the Q4 results later today.

12:43 PM

Ruchi Soya to change the name of the company to Patanjali Foods

The board of Ruchi Soya also accorded its in-principle approval for evaluating the most efficient mode of enhancing synergies with Patanjali Ayurved Ltd's food portfolio on an arm's-length basis. READ MORE

12:42 PM

ALERT: Global investment bank Societe Generale ceases Russia activities

12:32 PM

Trading strategies for infra stocks: Dilip Buildcon, IRB can gain up to 10%

Larsen & Toubro and Engineers India need to hold above the key levels for further upside. READ MORE

technicals

12:23 PM

BSE 500:: Birghtcom, CEAT, IT shares hog losers list

Brightcom Group was down 5 per cent. CEAT, Persistent Systems, L&T Technology and HCL Technologies were the other prominent losers among the BSE 500 stocks.

12:15 PM

Sandur Manganese zooms 20% as board approves rights issue, capex plan

In the past three months, the stock of Sandur Manganese has zoomed 86 per cent as compared to 3 per cent decline in the S&P BSE Sensex. In the past one year, the counter has rallied 256 per cent. READ MORE

12:04 PM

BSE 500:: Godfrey Phillips, Adani Green, Adani Total top gainers chart

Godfrey Phillips has zoomed over 9 per cent, while the Adani duo have surged around 7 per cent each and were the top gainers among the BSE 500 stocks followed by Dilip Buildcon, Redington India and Linde India.

11:53 AM

Oil slides on worries about lockdowns in China, release of reserves

Brent crude was down $2.32, or 2.3%, at $100.46 a barrel by 0427 GMT, while U.S. West Texas Intermediate crude lost $2.37, or 2.4%, to $95.89. READ MORE

11:43 AM

Nifty companies likely to see 29% surge in Q4 corporate earnings

Growth in corporate earnings should be led by cyclical sectors — such as banking, finance and insurance (BFSI), and oil & gas — and Tata Motors that is expected to report a big positive swing in its net profit in the fourth quarter. Mining & metals companies are, however, expected to report muted growth in earnings due to the combination of a high base effect and a sharp rise in input cost. READ MORE

11:35 AM

Asian markets deep in red; Hang Seng extends loss, down 3%

source: finance.yahoo.com

11:22 AM

Market being sold a false narrative for past few months: Saurabh Mukherjea

Serious foreign investors — pension funds, sovereign wealth funds, endowments — continue to load up on India, says Saurabh Mukherjea, founder and chief investment officer, Marcellus Investment Managers, in an interview with Business Standard. Read it here

Saurabh Mukherjea, Founder and CIO, Marcellus Investment Managers

11:11 AM

Bank credit growth seen in double digits in Q4; flat NIMs likely: Analysts

Banks are likely to report healthy January-March quarter (Q4FY22) earnings with loan book expected to grow, on an average, in double digits and asset quality staying stable. Read more

Imaging: Ajay Mohanty