Recession fears hit equities; Sensex sinks 1,093 pts, Nifty gives up 17,550

CLOSING BELL: PSU banks, auto, IT, metal, and realty stocks plunged the most on the bourses. Their respective indices on the National Stock Exchange declined between 2 and 4 per cent

1:20 PM

M&M Finance, SBI Card: Financiers eye over 10% upside amid festive cheer

Bajaj Finance Ltd

 

The NBFC major broke out upward from the “Falling channel” pattern, the next leg of the rally shall emerge above the Rs 7,800 - Rs 7,900 levels, reveals the weekly chart. At present, the stock is encountering a sell-off at Rs 7,600 level. Support for the stock is seen at Rs 7,200 and Rs 7,000 levels. And the overall trend on the charts appears lethargic. READ MORE

1:10 PM

What could India's inclusion into major global bond indices mean?

The Indian government began considering listing its securities for an inclusion in global bond indexes as far back as 2013. However, restrictions on foreign investments in Indian debt meant that the country had to roll out a number of steps before its securities could be eligible. READ MORE

12:55 PM

Holcim closes Ambuja Cement sale to Adani, gets $ 6.4 bn in cash

“I would like to thank our 10,700 Indian colleagues who have played an essential role in the development of our business over the years with their relentless dedication and expertise. I am convinced that the Adani Group is the right home for them as well as for our customers to continue to thrive in the future,” said Jan Jenisch, Holcim’s CEO. READ MORE

12:45 PM

RIL, Infy, TCS :: Stocks that are weighing on the Sensex at this hour

12:34 PM

Banks seek clarity on 'grey areas' from RBI on Rupee Vostro accounts

A Vostro account is an account that is used in correspondent banking. Here, a foreign bank acts as an agent to provide financial services on behalf of a domestic bank. The account enables domestic banks to provide international banking services to their clients with global needs. READ MORE

12:24 PM

China's consumer spending, factory output improve but still remain weak

Chinese consumer spending and factory output edged up in August but still were weak and forecasters warned the second-largest economy is vulnerable to repeated shutdowns of cities to fight the virus. READ MORE

12:15 PM

Gautam Adani overtakes Jeff Bezos to become world's second richest

Adani's wealth surged to make him the second richest man in the world, led by a sharp rally in the Adani Group stocks. READ MORE

12:03 PM

Tech stocks battered in trade: Tech M, L&T Infotech slide 3%

11:54 AM

LIC stk hovers around June lows but analysts remain bullish, see 35% upside

The stock of India's biggest life insurer, LIC, is currently trading at Rs 665, marginally above its 52-week low of Rs 650, hit on June 20. READ MORE

11:46 AM

Three reasons why Sensex has crashed over 1,400 points in last 3 sessions

Analysts say that the domestic market has started showing some indications of fatigue. Globally, the major concern now is that the Fed might oversteer the economy. READ MORE

11:37 AM

Midhani, Mazagon Dock, Cochin Shipyard rally up to 10% in a weak market

The defence procurement budget is likely to increase considerably for FY24E with the share of imports coming down further, according to analysts. READ MORE

11:23 AM

Maruti to ramp-up exports; targets shipments worth Rs 20,000 cr in 3 years

With more than 238,000 of the 570,000 units exported from India in fiscal 2022, Maruti Suzuki overtook Hyundai Motor India as the foremost passenger vehicle exporter. READ MORE

11:12 AM

Broader markets subdued; India Vix climbs 4%

10:54 AM

IndusInd Bank gains 2% on strong outlook; stock up 53% in 3 months

Analysts expect that the bank's credit growth and profitability is expected to be strong on account of revived demand in MFI and vehicle finance. READ MORE

10:34 AM

China's housing prices fall again in August as slump reaches an year

New-home prices in 70 cities, excluding state-subsidized housing, dropped 0.29% last month from July, when they fell 0.11%, National Bureau of Statistics figures showed. Read here