Sensex up 4.4% in 2022; ends last trading day 293 pts lower at 60,841

CLOSING BELL: The NSE Nifty 50 declined 86 points to 18,105, and was up 4.3 per cent for the year 2022. Broader indices - the BSE Midcap and Smallcap outperformed in trades on Friday.

3:36 PM

CLOSING BELL: Dismal closing to 2022; Nifty ends at 18,100 with 4.3% yearly rise

3:34 PM

CLOSING BELL: Sensex ends 293 pts down on last day of 2022 but gains 4.4% for the year

3:26 PM

Commerce Ministry seeks cut in gold import duty in Budget to push exports

The commerce ministry has sought a reduction in the import duty on gold in the forthcoming budget with a view to push exports and manufacturing of the gems and jewellery sector, sources said. Read more

3:18 PM

Govt allows import of lentils, vegetable oil at lower duty until March 2024

India imports more than two-thirds of its edible oil needs and has been struggling to contain a rally in local oil prices over the last few months. Read more

3:08 PM

RBL Bank jumps 5% to hit new 52-week high; surges 22% in past one week

Shares of RBL Bank rose 5 per cent to hit a fresh 52-week high of Rs 185.25 on the BSE in Friday’s intra-day trade on the back of heavy volumes. Read more

2:58 PM

Gold to retain its glitter; may touch Rs 60,000 per 10 grams level in 2023

Market experts opined that Russia-Ukraine conflict led to a short-term spike in gold prices before it began falling amid stronger dollar and spike in crude oil prices. READ MORE

2:47 PM

Shriram Finance gets $100 mn funding from ADB; stock surges 5%

Shriram Finance has also raised $250 million from the US Development Finance Corporation and $475 million through a 144A Bond from the international market in 2022, diversifying its funding profile and continuing its objectives for financial inclusion. READ MORE

2:30 PM

BSE 500:: Grasim, Metro Brands, CRISIL among volume shockers

Grasim has witnessed unusally high volume of around 1.60 lakh shares so far on the BSE as against its five-day average volume of around 7,670-odd shares. Similarly, Gujarat Pipava Ports, Metro Brands, CRISIL and Eureka Forbes were among the other volume toppers on Friday.

2:21 PM

RBI working on alternate arrangements for banks hit by EU oversight rule

The RBI is continuously engaged with ESMA and other regulators to arrive at a mutually acceptable arrangement, which recognizes the territorial independence of the host regulator, said central bank. READ MORE

2:10 PM

RT-PCR report mandatory for intl' arrivals from 6 countries from Jan 1

MoCA issued revised Covid guidelines for passengers arriving in intl' flights, ahead of RT-PCR negative test report being made mandatory for travellers from six countries, including China and Thailand. READ MORE

2:00 PM

Inflation kept MPC occupied in 2022, but may not hurt growth for now

After keeping the Reserve Bank of India's (RBI) monetary policy committee (MPC) on its toes for most part of the year, retail price inflation rate may not be such a worry for economic growth in 2023. READ MORE

1:50 PM

IPO Alert:: Retail portion almost fully subscribed of Sah Polymers

The Sah Polymers IPO which opened for subscription today, has received notable reponse from retail investors. Overall the IPO was subscribed up to 20 per cent as of 1:30 PM. The IPO closes on January 04, 2023.

Source: BSE

1:41 PM

BSE 500:: GR Infraproject, SCI, Nykaa among top losers

GR Infraproject down 3.3 per cent was the top loser among the BSE 500 stocks. Shipping Corporation of India (SCI), Nykaa, Aputs Value Housing and Max Healthcare, down 2 - 3 per cent each were the other prominent losers so far on Friday.

1:30 PM

What is ICICI Bank loan fraud case?

The banking sector will remember this year for the arrest of Chanda Kochhar -- who was one of the founding members of ICICI Bank. Here's a detailed account of the ICICI Bank loan fraud case. LISTEN AUDIO

1:20 PM

Global Check:: Asian markets hold marginal gains

Source: Yahoo Finance