Banks lift Sensex 390 pts, Nifty reclaims 16,700; Ultratech Cement up 5%

CLOSING BELL: Ultratech Cement, Grasim, UPL, HDFC, HDFC Bank, Eicher Motors, and ICICI Bank were the top gainers, ralling over 2 per cent each

3:19 PM

After $30 bn exodus, foreign funds trickle back into Indian equities

Foreign funds are showing signs of a return to Indian equities as recent declines in oil prices and the dollar bring some reprieve for emerging markets. Read more

3:08 PM

Edible oil makers asked to remove packaging temperature from the labels

SEA executive director BV Mehta said that several oil companies in India have been resorting to the unfair practice of packing the oil at a higher temperature to reduce the weight. Read here

2:56 PM

Bulk of ECBs effectively hedged, external sector well-buffered: RBI's Das

Comments follow huge pressure on ruper versus the dollar due to record outflows from domestic equity markets amid elevated commodity prices and higher US interest rates. READ MORE

2:45 PM

Brent crude steady above $100-mark per barrel

2:40 PM

European markets mixed post ECB's rate hike

2:30 PM

RIL Q1FY23 results: A look at the company's performance in last 4 quarters

For Q4FY22, the consolidated gross revenue of Reliance Industries (RIL) stood at Rs 2.32 trillion, 35.1 per cent higher than the same quarter in the previous year. READ MORE

 

2:24 PM

June Quarter Result :: Ultratech Cement jumps 5% on Q1 beat

>> Profit at Rs 1,584 crore

>> Revenue at Rs 15,164 crore

>> Ebitda at Rs 3,095 crore

>> Ebitda margin at 20.4%

2:22 PM

BSE 500:: Volume Shockers

GSFC has witnessed unusually high volume of around 12.75 lakh shares on the BSE as against its five-day average volume of around 92,500 shares. Similarly, Sheela Foam, MOIL, Indoco Remedies and Can Fin Homes have also witnessed a significant spike in volume in trades so far on Friday.

2:15 PM

Fitch downgrades Jubilant Pharma to "BB-" indicating higher default risk

Fitch Ratings has downgraded Jubilant Pharma Ltd's Long-Term Issuer Default Rating (IDR) from "BB" to 'BB-' as the rise in its capital expenditure will coincide with lower profitability. This could see its financial leverage worsen beyond earlier estimates. READ MORE

Photo: Shutterstock

2:08 PM

Rupee holding up well relative to EM peers, advanced economies: RBI Guv

Reserve Bank Governor Shaktikanta Das on Friday said the rupee is holding up relatively well when compared to the currencies of emerging market peers and advanced economies. READ MORE

1:59 PM

CG Power hits all-time high; surges 30% in one month on strong outlook

The company said it has been identifying areas of synergies with Tube Investments and the Murugappa Group to take the pillars of growth much higher in the next 3-5 years. READ MORE

1:51 PM

Global Check:: US stock futures marginally in red

Source: Investing.com

1:44 PM

BSE 500:: Top losers so far

RBL has slipped over 5 per cent each and was the major loser among the BSE 500 stocks so far. It was followed by Hitachi Energy, PCBL, Syngene International and Indiamart Intermesh.

1:37 PM

Hindalco, Aequs sign strategic pact in commercial aerospace sector

Aditya Birla Group's metals flagship Hindalco Industries and Aequs have entered into a strategic pact for long-term collaboration and joint business development in the commercial aerospace sector. READ MORE

1:30 PM

BSE 500:: Top gainers so far

GSFC has zoomed over 14 per cent and was the top gainer among the BSE 500 stocks so far on Friday. MOIL, Sheela Foam, Balaji Amines and Gujarat State Petronet were few of the other major gainers.