Sensex surges 403 pts; Nifty tops 18,600; PSU Bank index leaps 4%, IT 1%

CLOSING BELL: IndusInd Bank, Bajaj Finance, M&M, Tech M, HCL Tech, Infosys, TCS, Ultratech Cement, and Bajaj Finserv were the top gainers on the 30-pack index

3:41 PM

NIFTY GAINERS: Infy, HCL Tech, TCS close 1.5% higher; Bajaj Finance 2% up

3:39 PM

HEATMAP: 6 of 30 Sensex stocks buckle under selling pressure

3:37 PM

CLOSING BELL: Nifty up 100 pts to end atop 18,600; 34 of 50 stocks in green

3:35 PM

CLOSING BELL: Sensex jumps 400 points powered by rally in IT, financials

3:26 PM

Macrotech Developers dips 7% to below QIP issue price; sheds 25% in 1 year

On Monday, December 12, the board of directors of Macrotech Developers approved the transfer of 34.57 million equity shares held by certain members of the promoters and promoter group of the company, to eligible qualified institutional buyers (QIBs). READ MORE

3:11 PM

Nov inflation down, RBI's rate hike in Feb could be modest: CARE Ratings

With core inflation continuing to be high, credit rating agencies like Acuite Ratings & Research and CARE Ratings do not expect any downtrend in the retail inflation for the next few months. Read more

2:59 PM

BSE 500:: Prestige Estates, HDFC, Godrej Properties among volume shockers

Prestige Estates has witnessed unusally high volume of around 8.61 lakh shares so far on the BSE as against its five-day average volume of around 16,670-odd shares. Similarly, Phoenix Mills, Amber Enterprises, Balkrishna Industries and Godrej Properties were among the other volume toppers on Tuesday.

2:48 PM

COMMENT:: Markets to react positively if Fed hikes rate by less than 50 bps

"We expect the US Fed to increase the benchmark rate by 50bps this week. Any hike lower than 50bps will be taken as positive for risk assets like EM equities, including Indian equities. Even with a 50bps hike, if the Fed Chairman comments that future action of the Fed will be data dependent, then the market will take it positively. But, if he mentions that inflation remains a major risk and the labor market remains tight, with a possibility of a second round impact on inflation from the tight labor market, then the markets might react negatively.

 

 - Naveen Kulkarni, Chief Investment Officer, Axis Securities PMS

2:37 PM

Global Check:: US, UK stock futures almost unchanged

Source: Investing.com

2:27 PM

Goldman Sachs plans to lay off hundreds of employees: Report

The company's decision to cut jobs comes after chief executive David Solomon announced plans to curtail "Main Street" banking ambitions, reports The Financial Times. READ MORE

2:18 PM

Kalyan Jewellers hits new high on expansion plans; stock up 14% in 3 days

Shares of Kalyan Jewellers surged 3 per cent to hit a new high since its market debut at Rs 122.95 in Tuesday’s intra-day trade. In the past three days, the stock of jewellery maker rallied 14 per cent after the company announced plans to expand its retail footprint by over 30 per cent through the calendar year 2023 (CY23). READ MORE

2:06 PM

How will Budget 2023 affect your taxes and investments?

The next Budget will be the last full-year Budget ahead of the General Elections. How are your taxes likely to be affected amid calls from the industry to extend tax benefits to the common man? LISTEN AUDIO

1:56 PM

BSE 500:: GHCL, Macrotech, Redington among top losers

GHCL down 6 per cent was the top loser among the BSE 500 stocks. Macrotech Developers, Redington, Laurus Labs and Dr Lal Pathlabs, down 3 - 4 per cent each were the other prominent losers so far on Tuesday.

1:44 PM

YES Bank re-enters top-100 most valued firms list; stock up 30% in 3 days

YES Bank re-entered the elite club of top-100 most valued listed companies in terms of market capitalisation (market-cap) as the stock of private sector lender zoomed 30 per cent in the past three days after RBI gave nod to raise capital from funds affiliated to global private equity investors Carlyle and Advent International. READ MORE

1:35 PM

State Bank of India hikes term deposit rates by 15-100 basis points

With rising competition for mobilising resources amongst banks, the State Bank of India has raised interest rates by 15-100 basis points on domestic term deposits, including bulk deposits, effective today. For bulk deposits (amounts Rs two crore and above), the maximum increase is in short-term money (up to one year). READ MORE