Sensex up 92 points, Nifty holds 18,250; Financials soar, Adani Ent dips 3%

CLOSING BELL: SBI, Bajaj Finance gain, while Adani Enterprises slips in trade on Wednesday. Debutant Inox Green Energy ends at 9 per cent discount to its issue price.

1:03 PM

Technical glitch on NDS-OM holds up trade in govt bonds for over one hour

"There was a technical issue on NDS-OM. There were very few trades that occurred for about an hour right after the market opened (at 9:00 am)," Naveen Singh, head of trading at ICICI Securities Primary Dealership, said. READ MORE

12:52 PM

ALERT :: Quiklyz signs MoUs to deliver 1000 electric 3-wheelers

>> Quiklyz, the vehicle leasing and subscription business of Mahindra & Mahindra Financial Services Limited, has signed MoUs with prominent Last Mile Mobility players for leasing over 1000 electric 3-wheelers (3W).

>> Quiklyz plans to deliver these leased vehicles over the next six months, spread across India deliveries, opening up newer opportunities in EV leasing.

>> The MOUs have been signed up with Mahindra Logistics Limited, MoEVing Urban Technologies Pvt Ltd., Creativity at Best Technologies Pvt. Ltd., Magenta EV Solutions Pvt Ltd. and, Terrago Logistics Pvt Ltd. The signing was done on the sidelines of the launch of Mahindra Electric’s Zor Grand in Bengaluru recently. 

 

12:40 PM

HUDCO hits 52-week high on stable outlook; stock up 40% so far in November

Since its inception, HUDCO funded more than 20.05 million dwelling units, about 86 per cent of which belonged to economically weaker section. Its importance is reflected in the operational and financial support extended by the Gol in the form of allowing access to low-cost funds, extending guarantees, easing various norms, and guiding broad policies and contours. READ MORE

12:30 PM

Is the bottom near for Nykaa shares? Here's what charts say

The stock hit an all-time low of Rs 162.82 in October, which has not been capitulated despite staggering sell-off from the pre-IPO investors after the lock-in period expired this November. This eventually points to an accumulation or a scenario in which selling pressure is being absorbed. READ MORE

12:19 PM

Passive fund race: Bigger players steal the show over smaller counterparts

"We don't see a differentiator for us in the passive space. If there are already multiple Nifty50 or Nifty Next50 funds out there, what's the point in coming out with the same offering. In active, you can be different from others even though the fund category is the same," said G Pradeepkumar, chief executive officer of Union AMC. READ MORE

 

12:08 PM

Q&A | It will be a 'bottoms-up' market in 2023, says Sachin Shah of Emkay

Global headwinds of calendar year 2022 (CY22) -- geo-political tensions, and high energy and commodity prices -- are expected to continue in CY23. Therefore, the outlook for Indian equity markets for CY23 will be dependent on the actual growth in the domestic economy. READ INTERVIEW HERE

11:55 AM

Fertilizer shares in focus: RCF, GNFC, GSFC, NFL, Chambal surge up to 12%

Shares of RCF, NFL, GSFC, GNFC, Chambal Fertilisers, and Zuari Agro Chemicals were up between 5 per cent and 12 per cent. READ MORE

11:45 AM

Nifty Media rises over 1%, led by gains in Dish TV, Sun TV

11:36 AM

Rupee falls 14 paise to 81.81 against US dollar amid foreign fund outflows

The rupee depreciated 14 paise to 81.81 against the US dollar in early trade on Wednesday, tracking a strong American currency and sustained foreign fund outflows. READ MORE

11:25 AM

New Zealand hikes interest rate to the highest since 2009 to curb inflation

New Zealand's central bank hiked interest rates on Wednesday by a record amount as it tries to get inflation under control. READ MORE

11:15 AM

Billionaire Gautam Adani's firm weighs $1.8 bn fundraise in new shares

Billionaire Gautam Adani's conglomerate is working with advisers on the follow-on issue and could sell the shares as soon as next year. READ MORE

11:05 AM

Nykaa dips 3% a day after CFO Arvind Agarwal quits; stock nears record low

On Tuesday, private equity firm Lighthouse India sold 18.44 million equity shares worth of Rs 336 crore of FSN E-Commerce Ventures through a block deal. READ MORE

10:55 AM

Wipro becomes 1st Indian IT firm to allow Europe employees to form union

Wipro's employees that have been allowed to unionise belong to 13 countries including France, Sweden, Finland and Germany. READ MORE

10:46 AM

Inox Green Energy makes dismal debut; lists at 8% discount over issue price

Post listing, the stock hit a low of Rs 59.55 on the NSE and BSE. At 10:02 am; it was trading at Rs 61.60, down 5 per cent against its issue price. READ MORE

10:36 AM

Gautam Adani's mega port hangs in balance as fishing community protests

For Adani, the world's third-richest person according to Forbes, it's a high-stakes impasse with no apparent easy solution. READ MORE