Sensex ends volatile day 21 pts higher; PSB index surges 3%, Zomato 20%

CLOSING BELL: losses in HDFC twins, ICICI Bank, Infosys, L&T, and Bharti Airtel nearly balanced gains in Kotak Bank, State Bank of India, Hindustan Unilever (HUL), Asian Paints, and Bajaj Finance

3:06 PM

Global Check:: US, UK stock futures on slippery ground

Source: Investing.com

2:57 PM

BSE 500:: Volume Shockers

Kansai Nerolac has witnessed unusually high volume of around 3.68 lakh shares so far on the BSE as against its five-day average volume of around 17,600-odd shares. Similarly, SPARC, HCL Technologies, Punjan & Sind Bank and Indigo Paints too have witnessed a significant spike in volume in trades on Tuesday.

2:48 PM

DLF stock sees muted reaction from analysts post in-line Q1 results

Analysts have 'neutral' to 'buy' ratings with target price between Rs 385 and Rs 450 as they believe results and guidance already priced-in. READ MORE

2:39 PM

Market Check:: BSE IPO index top gainer, up over 2.5%

Among sectoral indices, the BSE Power, Utilities and PSU indices have logged smart gains.

2:29 PM

BSE 500:: Top losers so far

Escorts Kubota has shed 5 per cent and was the top loser among the BSE 500 stocks so far. It was followed by Anupam Rasayan, Ashok Leyland, Thyrocare Technologies and IIFL Finance.

2:22 PM

GAIL starts to ration gas as former Gazprom unit cuts supplies: Report

GAIL (India) Ltd has started gas rationing, cutting supplies to fertiliser and industrial clients after imports were hit under its deal with a former unit of Russian energy giant Gazprom. READ MORE

2:13 PM

BSE 500:: Top gainers so far

Zomato has hit the 20 per cent upper limit and was the top gainer among the BSE 500 stocks so far on Tuesday. Kansai Nerolac, Yes Bank, PB Fintech and GMM Pfaudler were some of the other major gainers.

2:04 PM

Asian Markets Update:: Hang Seng, Shanghai tumble over 2 per cent each

Source: Yahoo Finance

1:56 PM

Avenue Supermarts to Bata India: Retailers are now hiring, but on contract

Reversing a trend of declining jobs in 2020-21 when most retailers fired staff and imposed a hiring freeze amid dwindling sales and lockdowns, they have stepped up hiring. But many have resorted to increasing employees under contract, as opposed to taking them on payroll. READ MORE

1:45 PM

Sensex 30 Heatmap:: PSBs, NTPC, Asian Paints shine; HDFC twins whine

1:37 PM

RBI to raise rates in August but no consensus on size of hike: Report

The Reserve Bank of India will hike its key interest rate on Friday, economists polled by Reuters said, but there was no consensus on the size of the move. READ MORE

1:25 PM

After 5G auction, analysts expect telecom firms to increase rates again

Telecom companies acquired 51,236 MHz of spectrum worth over Rs 1.5 trillion across various bands. Reliance Jio came out on top in the auctions, purchasing spectrum worth Rs 88,078 crore. Bharti Airtel and Vodafone Idea purchased spectrum worth Rs 43,084 and Rs 18,799, respectively. READ MORE

1:15 PM

Revenue dept working on a mechanism to plug capital gains tax leakage

“The directorate of I-T systems is working on certain risk-assessment parameters to access the data, which could be on the basis of buying and selling prices of shares in F&Os, variations in margins, fair market value versus IPO prices, etc. The idea is to segregate and process the voluminous data on equity derivatives for effective use,” said a senior government official privy to the plan. READ MORE

1:07 PM

YES Bank hits highest level since January 2021; stock soars 20% in 3 days

In the past three trading days, YES Bank gained 20 per cent after the bank announced to raise equity capital of around 1.1 billion (Rs 8,900 crore) from funds affiliated with two global private equity investors - Carlyle and Advent International, with each investor potentially acquiring up to 10 per cent stake in the lender. READ MORE

12:52 PM

ITC can double from current levels; HUL, Marico may hit new highs

ITC has delivered positive returns since February 2022 by advancing higher on monthly scale, compared to benchmark indices, the BSE Sensex and Nifty that clocked negative returns, and even touched new-52-weeks during the period. READ MORE