Sensex sheds 502 pts, Nifty holds 17,300; Adani group stocks rise up to 5%

CLOSING BELL: The broader indices also outperformed, BSE Midcap and Smallcap indices were down up to 0.2 per cent as against the 0.8 per cent decline on the BSE benchmark.

11:45 AM

Macrotech Developers surges 6% on heavy volumes; stock up 26% in 4 days

According to analysts, Macrotech Developers is expected to benefit from resilient housing demand, supply consolidation and peaking out of high interest rates. READ MORE

11:32 AM

Investment giant Softbank offloads 3.8% stake in Delhivery for Rs 954 cr

According to data available at the Bombay Stock Exchange (BSE), SoftBank sold shares worth Rs 954 crore in Delhivery in a bulk deal at Rs 340 apiece. READ MORE

11:20 AM

Analysts turn cautious on Cipla as US FDA action delays key US launches

Analysts believe that some of the recent observations from the US FDA are critical in nature and could lead to a potential Official Action Indicated (OAI) classification for the Indore plant. READ MORE
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11:10 AM

Rupee falls 11 paise to 82.60 against US dollar, oil advances 0.04%

Sustained foreign fund outflows further dented investor sentiments, according to forex traders. READ MORE

11:00 AM

4 Adani Group stocks log block deals; shares worth Rs 15K cr change hands

Adani Enterprises, the Group flagship company, saw around 38.96 million equity shares (3.4 per cent of total equity) worth of around Rs 5,487 crore change hands on the BSE this morning. READ MORE

10:52 AM

Stock Check :: Here's how Adani group stocks are performing post SC verdict

10:50 AM

Adani-Hindernburg SC hearing: CJI announces Committee, to submit report in 2 months

>> Sebi shall also investigate whether there has been a violation of S 19 of Sebi rules, whether there was any manipulation of stock prices.

>> Sebi shall expeditiously conclude investigation in 2 months and file a status report.

>> SC forms Committee of Mr OP Bhat, Justice JP Devdatt, Mr Nandan Nilakeni, Mr KV Kamath, Mr.Somasekharan Sundaresan as the members. The head will be former SC judge Justicr AM Sapre.

>> The remit of committee will be- To suggest measures to strengthen frameworks, to investigate Adani, to suggest measure to strengthen statutory framework. SEBI Chairperson is requested to ensure that all information is provided to the committee.

>> The committee shall submit its report in a sealed cover before this court in 2 months.

10:43 AM

Adani-Hindernburg SC hearing: Overview of petitions shows that public money is at risk, says CJI

CJI DY Chandrachud says --

>> It seeks directions to establish a committee.

>> Second petition asks for FIR against Hindenburg for short selling.

>> Third petition seeks court monitored enquiry

>>  This court noted that there was a need for committee for regulatory mechanisms to ensure safety of investors.

>> Seems that SEBI is ceased of the investigation against Adani. 

10:30 AM

Sonata Software hits new high; stock up 44% since start of the year

Acquisition of Quant Systems will strengthen Sonata offering in BFSI and Healthcare & Life science verticals which will aid the revenue growth of company, say analyst at ICICI Securities. READ MORE

10:21 AM

Special :: What’s behind Jio's rise to world's second-strongest telco brand?

Reliance Jio has moved up to be the world’s second strongest telecom brand. What explains this rise? How does Jio’s brand stack up against Airtel’s amid the 5g rollout. All answers here WATCH HERE

10:12 AM

Sebi shows new-age teeth in bursting Axis MF front running scandal

From a reading of mobile tower signals and dissecting dubious whistle-blower complaints to piecing together Bloomberg chat extracts, capital markets regulator Securities and Exchange Board of India (Sebi) has gone the extra mile in blowing the lid off a front-running scandal at Axis Mutual Fund (MF), which has resulted in ill-gotten gains of over Rs 30 crore. READ MORE

10:03 AM

How will the markets read into the state election outcome in 2023?

While markets eye both economic and political issues, in the medium-to-long term, analysts believe election results do not matter much. READ MORE

9:57 AM

MARKET CHECK: Sensex extends slump, slips over 300 points

9:55 AM

Rail Vikas up 10% as JV emerges lowest bidder for 200 Vande Bharat trains

A joint venture of Russian firm Transmashholding (TMH) and RVNL emerged as the lowest bidder for the manufacture and maintenance of 200 lightweight Vande Bharat trains. READ MORE

9:48 AM

Imagicaaworld Ent jumps 3% after it launches Aquamagicaa in Surat, Gujarat