Bull run enters 4th day; Sensex up 456 pts, Nifty tops 18,050; metals lead

CLOSING BELL: Top large-cap gainers were Bajaj Finserv, IndusInd Bank, Bharti Airtel, Tata Consumer Products, L&T, Britannia, Bajaj Finance, SBI Life, and Tata Motors.

1:24 PM

AT-1 bond returns are attractive compared to FDs, but factor in the risks

Additional tier 1 (AT-1) bonds, which the market had shunned after the YES Bank debacle, are once again gaining popularity. Seven banks have raised Rs 18,376 crore through these bonds since July at yields ranging between 7.75 per cent and 8.75 per cent. Here's what you need to know about the bonds. READ MORE

1:09 PM

BSE 500:: Top gainers so far

KRBL has zoomed nearly 13 per cent and was the top gainer among the BSE 500 stocks so far on Tuesday. It is followed by Laxmi Organic, PB Fintech, Vakrangee and Relaxo Footwear.

12:56 PM

Sensex 30 Movers:: Reliance, HDFC twins nearly 50% of the day's gain so far

12:47 PM

Despite Brent Crude slipping to 7-mth lows, BPCL, IOC face 200-DMA hurdle

After an incredible rally in March 2022, that saw Brent Crude Oil hitting a decade high of $139 per barrel, the commodity has tanked to a seven-month low last week falling below the lows in February 2022 to $ 87.72 per barrel. READ MORE

12:38 PM

KRBL surges 17% in two days on heavy volumes; stock hits over 3-year high

KRBL is one of the largest exporters of Basmati rice from India. The company is known for globally renowned brands - ‘India Gate’, ‘Unity’ and ‘Nur Jahan’, which has marked its presence across the entire value-chain of the rice industry. Currently, KRBL’s flagship brand ‘India Gate’ is synonymous with the best quality Basmati rice in domestic as well as international market. Over the years, ‘India Gate’ has emerged as the most preferred packaged rice brand in many countries, including India. READ MORE

12:28 PM

ALERT :: Adani Transmission sets up arm for power distribution & infrastructure services

12:17 PM

Sony, Zee offer concessions to ease CCI's concerns over merger: Report

The concessions are a bid to iron out antitrust worries of the Competition Commission of India (CCI), which in an Aug. 3 notice warned the companies of further scrutiny, saying their "humongous market position" would allow them to enjoy "un-paralleled bargaining power" with 92 channels in India's massive media and entertainment market. READ MORE

12:07 PM

MARKET CHECK

12:05 PM

MARKET CHECK :: Sensex at day's high

11:59 AM

Goldman to cut hundreds of jobs in its biggest layoff since the pandemic

The Wall Street titan plans to eliminate several hundred roles starting this month, according to people with knowledge of the matter. While the total number is less than some previous rounds, the reductions are a resumption of Goldman’s annual culling cycle that it had largely paused during the pandemic. READ MORE

11:49 AM

'No Double Lives': Infosys email warns employees against moonlighting

The Nascent Information Technology Employees Senate (NITES), a non-profit group, protested Infosys’s email to say: “IT Employees are working more than 9 hours a day without any overtime benefits. Would there be any energy or time left if an employee is working 10-12 hours a day. Also, many IT companies have developed monitoring systems to measure employee’s productivity. READ MORE

11:48 AM

Rupee appreciates 28 paise to 79.25 against US dollar in early trade

The rupee appreciated 28 paise to 79.25 against the US dollar in opening trade on Tuesday, tracking the dollar's decline versus its major peers and foreign fund inflows. READ MORE

11:41 AM

EP Biocomposites surges 5% post listing on the BSE

11:35 AM

RBI may hike repo rates by 50 bps with inflation accelerating: Analysts

The Reserve Bank of India may raise interest rates by another 50 basis points this month after data showed inflation rose further above the central bank's tolerance limit in August, analysts said. READ MORE

11:25 AM

Profit-booking seen in media pockets: Nazara Tech down 2%