Sensex tanks 461 pts, Nifty below 18,300 amid global rout; all sectors fall

CLOSING BELL: Among sectors, the Nifty PSU Bank index sunk the most, down nearly 3 per cent. This was followd by losses in the Nifty Realty, Pharma, and Media indices, down over 1 per cent each

1:34 PM

NEWS ALERT:: Dilip Buildcon wins Rs 976 crore order

Dilip Buildcon has informed BSE, that the company has received a letter of acceptance (LOA) for a new HAM project 'Four Laning of Mehgama-Hansdiha in the state of Jharkhand, Order worth Rs. 976 crore.

1:26 PM

Market Check:: Sensex off day's low, down 84 points

1:19 PM

MARKET CHECK :: ITC, M&M, TCS weigh on benchmarks

1:06 PM

India's growth expected to slow in FY24 amid global slowdown: JP Morgan

That said, corporate and bank balance sheets appear in much better shape than in recent years. Corporate debt/GDP is at its lowest since 2006 and banks are far more inclined to lend. But a broader private investment cycle will take time to fructify amidst elevated global uncertainty, slowing growth, tightening monetary conditions, manufacturing utilization rates still less than 80 per cent, the report added. READ MORE

12:51 PM

MARKET CHECK :: Sensex, Nifty flat; Eicher Motors, RIL, Bajaj Finance top gainers

12:41 PM

WATCH :: Is Adani’s media foray enough to sustain a rally in related stocks?

12:29 PM

Sensex can drop to 58,000, Nifty 17,700 if these supports are violated

Presently, the BSE Sensex and Nifty 50 have breached their respecitve 21-SMAs, the following support levels need to be honoured in order to sustain a positive bias. READ MORE

12:15 PM

ONGC, Oil India hits over 5-month high after govt slashes windfall tax

In the past three months, shares of ONGC (up 13 per cent) and Oil India (up 15 per cent) outperformed the S&P BSE Sensex, which gained 4.6 per cent, during the period. However, in the past six months, ONGC (up 3 per cent) and Oil India (down 18 per cent) have underperformed the market. In comparison, the benchmark index has rallied 20 per cent during the period. READ MORE

12:05 PM

Shriram Pistons to acquire majority stake in EMFi to foray into EV space

Shriram Pistons & Rings (SPRL) Managing Director & CEO Krishnakumar Srinivasan said that with this strategic investment, the company aims to expand its presence in electric vehicle (EV) space to supply electric powertrain components, such as motor and controller, covering all the vehicle segments from two-wheelers, three-wheelers, passenger vehicles and commercial vehicles READ MORE

11:55 AM

ALERT :: TVS Motor Company launches TVS RR 310, TVS RTR 200 at Expo Moto in Mexico

Check details here

11:45 AM

Sebi penalises 10 entities for manipulating Millitoons Ent's stock prices

The regulator found that Preyashbhai, Sejalben, Prajapati, Vaghela, Koshti, Mukeshkumar, Tundiya, Harishkumar and Rekhaben executed 97 synchronised trades which contributed 21.63 per cent of the market volume in the scrip of MEL at BSE. The trades were conducted during the investigation period and were repetitive in nature, further contributed Rs 2.35 to net last traded price (LTP). READ MORE

11:34 AM

ITC stock hits 2-month low amid market weakness, slips 4% in two days

The stock of the diversified fast moving consumer goods (FMCG) was trading at its lowest level since October 17, 2022. With the past two days' decline, ITC is now down 8 per cent from its record high level of Rs 361.90, touched on November 11, 2022. In the past three months, the stock has underperformed the market and remains flat, as compared to 4.3 per cent rise in the S&P BSE Sensex READ MORE

11:23 AM

Falling P/E may cap returns in 2023: Credit Suisse

“The potential 15 per cent gain in forward earnings may set the ceiling for returns over 2023, and a lower P/E poses a downside risk to that,” said Neelkanth Mishra, co-head of Equity Strategy, Asia-Pacific and India head of research at Credit Suisse. READ MORE

11:14 AM

Chinese oil demand faces bumpy road to recovery as Covid curbs ease

Increased energy consumption in Asia’s biggest economy following the abrupt shift in policy may help to support futures prices that are on course for a back-to-back quarterly drop, with global benchmark Brent well down from the peak seen after Russia’s invasion of Ukraine. Nevertheless, a potential surge in infections in China as curbs are lifted could make for near-term disruption. READ MORE

11:00 AM

MARKET CHECK :: Sensex crashes 400 pts