Sensex ends 326 pts lower ahead of GDP data; RIL, Tata Steel slip 2%

CLOSING BELL: The Sensex and Nifty extended their losing streak into the eighth straight day on Tuesday; BSE benchmark has now shed 2,358 points, and NSE index 732 points in this period.

3:35 PM

Sensex Heatmap :: 20 of 30 index stocks end in red, RIL, Tata Steel drop 2%

3:33 PM

CLOSING BELL :: Nifty50 slides89 pts ahead of GDP data, holds 17,300

3:32 PM

CLOSING BELL :: Sensex falls 300 pts, down for 8th straight session

3:25 PM

Cipla falls 4%, nears 52-week low on concerns of product launch delay in US

In the past seven trading days, the stock has dipped 11% after the United States Food and Drug Administration issued Form 483 with 8 observations for the company's Pithampur manufacturing facilities READ MORE

3:16 PM

Banks request RBI to include more long-term bonds in H1 FY24 borrowing

In recent meetings with senior officials of the Reserve Bank of India (RBI), banks are said to have suggested that more longer-tenure government bonds be issued, and a 20-year bond be introduced, in the Centre’s market borrowing calendar for April-September 2023. READ MORE

3:06 PM

Global Check:: US, UK stock futures mildly in red

Source: Investing.com

2:57 PM

Triveni Turbine soars 10% to hit new high on healthy revenue growth outook

The management has guided around 20 per cent revenue growth in the next 2-3 years with profit before tax of around 20-21 per cent given the robust order book and enquiry pipeline. READ MORE

2:47 PM

SBI raises $1 billion via syndicated social loan for further lending

The funds will be used to further lend to microfinance institutions and self-help groups, a senior official at SBI, who declined to be named, told Reuters. READ MORE

2:41 PM

Softening cotton prices turning tides in favor of textile players: Analysts

Analysts assert that unstable political scenarios in Sri Lanka and Pakistan, and wage issues in Bangladesh will shift export demand from these economies to home-textile or garment players in India. READ MORE

2:31 PM

News Alert:: NTPC's North Karanpura Power Station first unit to go commercial on March 01

The company informed BSE, that its first unit of 660 MW capacity of North Karanpura Super Thermal Power Station (3x660 MW) was declared on Commercial Operation w.e.f. 00:00 Hrs. of March 01, 2023. 

 

With this, the standalone and group commercial capacity of NTPC will become 58,979 MW and 71,594 MW, respectively, the release added.

2:22 PM

$19 bn derivative bond trade in India at risk from Modi's new tax

Analysts say a New Delhi plan to tax high-value insurance policies will reduce demand, leading the industry to cut back on bond investments. For the past two years, banks have boosted the amount of debt bought for interest-rate swaps offered to insurers. READ MORE

2:11 PM

BSE 500:: Vedanta, Paytm, Indiabulls Real Estate among top losers

Vedanta down over 6 per cent was the top loser among the BSE 500 stocks. Paytm, Adani Transmission, Adani Total Gas and Indiabulls Real Estate, down 5 - 6 per cent each were the other major losers so far on Tuesday.

2:01 PM

No refinancing, capital plans at Hong Kong roadshow, says Adani Group CFO

Adani Group isn’t seeking to refinance debt or inject capital, its finance chief said on the sidelines of an investor roadshow aimed at rebuilding confidence in the crisis-ridden Indian conglomerate. READ MORE

1:51 PM

Select Adani group shares rally; Adani Enterprises jumps 29% from day's low

Since January 24, the market value of 5 Adani group companies - Adani Total Gas, Adani Green Energy, Adani Transmission, Adani Power and Adani Enterprises - has declined between 52% and 83%. READ MORE

1:41 PM

Global Check:: Most Asian markets log steady gains

Source: Yahoo Finance