FMCG, select banks help Sensex, Nifty snap 5-day losing streak; Metals dip

CLOSING BELL: Nestle, Titan, Hindustan Unilever and Asian Paints were the major gainers among the Sensex-30 pack; while Tata Steel, IndusInd Bank and Bharti Airtel were the top losers.

3:34 PM

CLOSING BELL :: Nifty ends above 16,950

3:33 PM

CLOSING BELL :: Sensex ends higher for the first time in 5 days

3:19 PM

BSE 500:: Samvardhana Motherson, Alkem Lab, ICICI Pru Life among volume shockers

Samvardhana Motherson witnessed unusally high volume of around 26.35 million shares so far on the BSE as against its five-day average volume of around 4.23 lakh shares. Similarly, Alkem Lab, ICICI Pru Life, Aurobindo Pharma and BPCL were among the other BSE 500 volume toppers on Thursday.

3:11 PM

DLF sells 1,137 flats in Gurugram for over Rs 8,000 crore within 3 days

Realty major DLF Ltd on Thursday said it has sold 1,137 luxury apartments, priced Rs 7 crore and above, in its housing project in Gurugram for over Rs 8,000 crore within 3 days. READ MORE

3:00 PM

Global Check:: US, UK stock futures signal mixed trade

Source: Investing.com

2:48 PM

Zee Entertainment up 8% on report that it will pay $10 mn to IndusInd Bank

The settling of dues of about Rs 83.7 crore to the lender could happen as early as Friday, and IndusInd Bank could withdraw its insolvency proceedings against the media company. READ MORE

2:36 PM

BSE 500:: Samvardhana Motherson, Brightcom, Hindalco among top losers

Samvardhana Motherson down 10.4 per cent was the top loser among the BSE 500 stocks. Brightcom Group, Hindalco, Jubilant Pharmonova andJK Papers down 4 - 7 per cent each were the other major losers so far on Thursday.

2:24 PM

Global Check:: Major Asian markets languish in red

Source: Yahoo Finance

2:17 PM

More steam left in NTPC stock; to be key beneficiary of rising power demand

NTPC has a healthy return on equity (RoE) of 14-15 per cent and a likely revenue compound annual growth rate of 15 per cent through FY25. READ MORE

1:57 PM

News Alert: HG Infra Engg bags Rs 1,303 cr order

In a release to the BSE, the company said it won an order worth Rs 1,303.10 crore for construction of 6 lane Greenfield Varanasi Rachi Kolkata Highway from Deoria village to Donoreshan village, total length 35.6 kms.

1:45 PM

ITC's diversification into non-cigarette biz shows critical mass in profits

But ITC's strong run currently is not restricted to a single segment - all businesses are on a high . READ MORE

1:33 PM

REPORT: Zee Ent to repay $10 million to IndusInd Bank to pave way for Sony merger

As per a Bloomberg report, Zee will make the payment to Indusind Bank tomorrow. 

 

Indusind Bank is said to withdraw NCLT insolvency petition against the company post the payment. 

1:24 PM

BSE 500:: Network 18, Tv18, HPCL among top gainers

Network 18 Media up 8.3 per cent was the top gainer among the BSE 500 stocks so far on Thursday. It was followed by ICICI Pru Life, TV18 Broadcast, Hikal and HPCL, up 6 - 8 per cent each.

1:13 PM

ED conducts searches at Franklin Templeton offices in Mumbai, Chennai

The federal agency is looking to gather more evidence as part of its investigation against the company and its promoters under the Prevention of Money Laundering Act (PMLA), officials said. READ MORE

 

1:01 PM

Britannia, ITC, Radico: These FMCG stocks may act as hedge in current fall

FMCG stocks are regarded as safe havens in turbulent times and recognized as a hedge against the falling investment. However, in order to find the right stock, one needs to be selective even in defensive sector. Since mid-February of this year, domestic markets have been on a roller coaster, with uncertainty making investors more anxious. READ