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Wednesday, December 25, 2024 | 04:17 AM ISTEN Hindi

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Sensex jumps 379 pts, Nifty tops 17,800; auto stocks in fast lane, PSBs dip

CLOSING BELL: Maruti Suzuki, M&M, Asian Paints, HUL, Ultratech Cement, Tech M, and HDFC twins were the top gainers on the Sensex index

Image SI Reporter New Delhi
MARKET LIVE: Sensex up 350pts, Nifty atop 17,800; Auto, HDFC twins shine

1:39 PM

BSE 500:: Top gainers so far

UTI AMC has zoomed over 18 per cent and was the top gainer among the BSE 500 stocks so far on Tuesday. Indiabulls Real Estate, HDFC AMC, Hikal and Escorts Kubota were some of the other major gainers, up over 7 per cent each. VIEW MORE

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1:32 PM

Balaji Solutions files draft papers with Sebi to raise funds via IPO

IT hardware and mobile accessories firm Balaji Solutions has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). READ MORE

File photo: PTI
1:22 PM

Fairfax group-backed Digit Insurance files draft papers for India IPO

Founded in 2017, Digit is trying to expand its presence in India's under-penetrated general insurance market by offering a better customer experience including easier claim settlements. READ MORE

1:11 PM

India's WPI inflation eases to 13.93% in July, lowest in 5 months

The WPI inflation continued its declining trend for the second month in July but remained in double-digits for the 16th consecutive month beginning April last year. READ MORE

12:57 PM

Navkar Corporation tumbles 24% from day's high on heavy volumes

The stock of the logistic solution provider reversed gains, and tanked 24 per cent from its 52-week high of Rs 90, touched in the intra-day trade today. At 12:32 pm, it was trading 18 per cent lower at Rs 69.65, as compared to 0.56 per cent rise in the S&P BSE Sensex. Trading volumes on the counter jumped an over three-fold with a combined 13.91 million equity shares having changed hands on the NSE and BSE. READ MORE

12:49 PM

In a first, India buys discounted Venezuelan petcoke to replace coal

India's growing appetite for Venezuela's petcoke - a byproduct from oil upgrading and an alternative to coal - is being driven by a scramble for inexpensive fuel to power industries as global coal prices have surged. READ MORE

12:40 PM

DFM Foods freezes at 20% upper circuit on promoter's delisting proposal

AI Global Investments (Cyprus) PCC Limited and AI Darwin (Cayman) Limited expressed their intention to acquire all the equity shares that are held by public shareholders, either individually or collectively, as the case may be; and consequently voluntarily delist the equity shares from the stock exchanges i.e., BSE and National Stock Exchange of India (NSE). JM Financial has been appointed as the Manager to the delisting proposal. READ MORE

12:28 PM

ALERT :: July WPI Inflation eases to 13.93% vs 15.18% MoM

12:24 PM

Hero MotoCorp: Q1 disappoints, but there's hope of a better second half

While demand continues to look weak going by sales data from July, the Q1 (April-June quarter) results indicate some degree of stability on the supply chain front with chip sourcing becoming less difficult and the costs of RM (raw materials) may also have leveled off as metal prices corrected through Q1. READ MORE

12:15 PM

These Rakesh Jhujhunwala-owned stocks can rally up to 20%, charts suggest

Titan and Escorts look promising on the charts, while Star Health and Allied Insurance, Nazara Technologies and Rallis India need to conquer major hurdles for further gains, technical charts suggest. Read more

Rakesh Jhunjhunwala
12:02 PM

Page Industries turns the page on inflation; bookmarks expansion

Notwithstanding inflationary pressures, the country’s largest innerwear maker, Page Industries, posted better-than-expected performance in the April-June quarter (first quarter, or Q1) of 2022-23 (FY23). Higher volumes and operating leverage helped the exclusive licensee in India and neighbouring countries of US-based Jockey log its highest-ever quarterly revenue and net profit. READ MORE

11:54 AM

Asia exports slip into deeper downturn as tech boom goes bust, warn lenders

Asia's export boom is showing signs of slipping into a deeper than expected downturn, HSBC Holdings Plc. and Nomura Holdings Inc. both warned in research notes. Read more

Photo: Bloomberg
11:43 AM

India's fuel demand continues to fall in August as monsoon sets in

Diesel demand in India fell for the second month in a row as the onset of monsoon chipped away consumption in key sectors like agriculture, preliminary industry data showed Tuesday. Read more

gasoline, diesel, fuel, petrol
11:35 AM

HDFC AMC surges 12% after nearly 6% equity change hands on BSE

At 09:55 am, around 11.96 million equity shares representing 5.61 per cent of total equity of HDFC AMC changed hands on the BSE, the exchange data shows. Read more

HDFC AMC to broad-base its equity portfolio over next few quarters
11:24 AM

MARKET CHECK | Mid-caps firmly outshine frontline indices

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First Published: Aug 16 2022 | 8:10 AM IST