Sensex bounces 599 pts from lows, ends 104 pts down; Nifty tops 18,350

CLOSING BELL: Adani Enterprises, TCS, Axis Bank, Reliance Industries, ICICI Bank, IndusInd Bank, Nestle India, Ultratech Cement, SBI, and Infosys helped the frontline indices rebound

1:29 PM

Worried about promoters cutting stake? Here's tech view on Dabur, TVS Motor

Dabur India Ltd (DABUR)

 

Outlook: Stock to rally towards Rs 610

 

The trendline breakout at Rs 560 in Dabur stock had propelled the upward bias to reach Rs 610 level in the early December. This momentum now looks to test the support of the trendline, currently set at Rs 555 level. READ MORE

1:19 PM

Citigroup's $900 mn Revlon blunder ends with dismissal after bank's victory

It’s an ordinary document closing an extraordinary case, in which the bank sued the creditors — including Brigade Capital Management, HPS Investment Partners and Symphony Asset Management — for the return of the funds. Citigroup had mistakenly transferred them in August 2020 while trying to make an interest payment as an administrative agent on a loan, a blunder that became the talk of Wall Street. READ MORE

1:06 PM

Cryptoverse: Bidding adieu to 2022, the year that broke bitcoin by 60%

James Malcolm, head of FX strategy at UBS, said that in the first half of the year he had spent 70% of his time with clients talking crypto. By contrast, during 10 days in North America last month, from Montreal to Miami, "I spent less than 2% of my time discussing crypto". READ MORE

12:53 PM

RE firms may use rupee loans to refinance $3 bn overseas green bonds

The refinancing of overseas green bonds is expected to happen at rates higher than the prevailing interest rates, leading to moderation in the credit metrics. Nonetheless, the impact on the Debt servicing for refinancing using a domestic rupee debt is expected to be lower than issuing fresh dollar green bonds to refinance the existing bonds, according to rating agency Icra. READ MORE

12:42 PM

Govt plans tax waivers for IDBI Bank buyer to attract more suitors: Report

The Indian government is likely to waive some tax norms for the buyer of IDBI Bank in a bid to attract more suitors for a majority stake sale in the lender, two government sources said on Tuesday, after the Centre extended the deadline for initial bids. READ MORE

12:31 PM

Global Check:: Asia in a deep sea of red; Nikkei falls 2.5% after BoJ widens yield band

Source: Yahoo Finance

12:19 PM

BSE 500:: JK Paper, Max Healthcare, SCI among top gainers

JK Paper up over 5 per cent was the top gainer among the BSE 500 stocks so far on Tuesday. It was followed by KNR Constructions, Max Healthcare, Aster DM Healthcare and Shipping Corporation of India, up around 3 per cent each.

12:05 PM

PSP Projects soars 9% to hit record high on strong revenue visibility

So far in the financial year 2022-23 (FY23), PSP received total orders worth of Rs 1,833.09 crore. READ MORE

11:54 AM

Delhivery to acquire supply chain solutions firm Algorhythm Tech

Algorhythm offers end-to-end supply chain planning and execution products to clients. READ MORE

11:40 AM

Compuage Infocomm gains 2% after completion of rights issue

11:30 AM

Shipping Corporation hits 52-week high; up 17% in 2 days on demerger update

The Final hearing before the Ministry of Corporate Affairs in New Delhi for obtaining sanction on the Scheme of Arrangement for demerger is fixed on Thursday, December 29, 2022. READ MORE

11:16 AM

Capacite Infraprojects gains 4% after it bags orders worth Rs 117 crore

11:05 AM

Axiscades Technologies hits 5% upper circuit after contract renewal with Airbus

10:55 AM

Rupee declines 11 paise to 82.73 against US dollar in early trade

The rupee weakened by 11 paise to 82.73 against the US dollar in early trade on Tuesday as a sell-off in domestic equities and rising crude prices in global markets weighed on the local unit. READ MORE

10:45 AM

Jefferies rejigs India model portfolio; Zomato, Bharti Airtel off menu

The change in stance with respect to Zomato is a complete reversal from nearly a month ago (November 13), when the stock was a high-conviction 'buy' for Jefferies with a price target of Rs 100. READ MORE