Broad-based rally lifts Sensex 578pts, Nifty above 17,800; pharma stks lead

CLOSING BELL: Besides, the Nifty Auto and Private Bank indices advanced 1.7 per cent each

12:52 PM

Footwear stocks in focus: Metro Brands, Campus can gain 10%, charts show

Over one-third of the market, according to analysts at Motilal Oswal Securities, is composed of high-end products, primarily catered by organized/branded players, where investment in exclusive brand stores (EBO) is the key. This market segment, Motilal Oswal Securities suggests, is growing at 1.5x the rate of overall market. READ MORE

12:39 PM

Mahindra Holidays soars 9%, hits all-time high on improved business outlook

At 11:38 AM, MHRIL was trading 6 per cent higher at Rs 304.65 on the BSE. Average trading volumes on the counter jumped over five-fold with a combined 3.53 million equity shares, representing 1.76 per cent of total equity of the company, having changed hands on the NSE and BSE till the time of writing of this report. READ MORE

12:29 PM

Govt may retain or cut bond borrowings for current fiscal on robust revenue

The government may stick to its borrowing target of 14.3 trillion rupees ($179 billion) for the year to March 2023, while there is a chance it might get lowered given the rise in revenues, the people said, asking not to be identified as the discussions are private. READ MORE

12:13 PM

India Inc's FY22 capex rises 9.1% YoY but lags pre-Covid growth

Corporate India’s investment in assets, such as plants, equipment, land, buildings, and acquisitions, grew 9.1 per cent year-on-year (YoY) in FY22, faster than 7.4 per cent YoY growth in capex in the previous year. READ MORE

12:00 PM

How RIL quietly reinvented its investment strategy to meet new goals

The share of the new energy vertical — its key focus area — accounts for more than a fourth (26 per cent) of the total war chest of $6.4 billion, ploughed into acquisitions and picking up stake from 2018 to date, reveals the latest Morgan Stanley data. READ MORE

11:49 AM

Auto stocks in fast lane: TVS Motor, Eicher Motors hit 52-week high

11:45 AM

Sebi keeps Digit Insurance's IPO in 'abeyance'; no explanation on action

Market regulator Sebi has kept an initial public offering from Digit Insurance on hold, according to a document on its website. Read more

11:37 AM

This Tata group stock has zoomed 101% in six days, trades at 6-year high

TRF was locked at the 5 per cent upper circuit for the sixth straight trading session after its removal from the Graded Surveillance Measure (GSM) surveillance. Read here

11:28 AM

Ahead of IDBI privatisation, Centre working on tightening disclosure rules

Bidders will have to share the details of legal proceedings against them, if any, until the completion of sale transactions. Read here

11:13 AM

MARKET CHECK: Sensex near day's high, up 800 points

10:57 AM

Gold down by Rs 110, trading at Rs 50,020; silver unchanged at Rs 56,700

Gold became slightly cheaper in early trade with 10 gram of the yellow metal (24-carat) trading at Rs 50,020. Read more

10:44 AM

Govt's intervention to protect rupee takes large bite from record reserves

While economists and the Reserve Bank of India aren't ringing any alarm bells just yet, investors are watching closely given the rupee's slump to an all-time low last month. Read here

10:36 AM

Venus Pipes hits new high, up 47% in two weeks on getting BIS certification

When compared with its issue price of Rs 326 per cent, the stock has gained a massive 80 per cent in less than four months post listing.Read here

10:26 AM

Advanced Enzyme surges 12% as Nalanda India Equity Fund ups stake by 3%

Advanced Vital Enzymes Private Limited, the promoter of Advanced Enzyme Technologies, has offloaded 2.57 million equity shares at a price of Rs 270.04 per share. Read here

10:14 AM

Time to diversify to global equities as central banks frontload rate hikes?

Though the recent rally in domestic equities has turned the markets expensive relative to peers, analysts still suggest investors focus on Indian equity markets. Read here