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.

1:11 PM

BSE 500:: New India Assurance, GIC India, Eureka Forbes among top gainers

New India Assurance up 10.5 per cent was the top gainer among the BSE 500 stocks so far on Friday. It was followed by General Insurance of India, Gujarat Pipavav Ports, Eureka Forbes and Swan Energy, up 7 - 10 per cent each.

12:52 PM

Adani's purchase of NDTV founders' stake may test acquisition rules

While the deft legal move shows the ingenuity of the tycoon and his dealmakers in clinching acquisitions - Adani's entry into NDTV 4 months ago was also via an indirect route. READ MORE

12:39 PM

Rupee likely to leave its worst behind; inflows crucial in 2023: Analysts

India's current account deficit widened to a more than nine-year high in the July-September quarter on the back of high commodity prices, which pushed up the trade deficit, data from RBI showed. READ MORE

12:23 PM

Solar Industries hits all-time high, rallies 6% on stable outlook

The Atmanirbhar Bharat Abhiyan of the GoI, which is aimed at curtailing import dependence and increasing the sourcing of indigenous defence products, also presents large growth opportunities. READ MORE

12:10 PM

Equity investors turn richer by Rs 16.36 trn in 2022 despite uncertainties

Dalal Street investors became richer by more than Rs 16.36 lakh crore this year as the equity market scaled new highs despite persistent geopolitical uncertainties and inflation worries. READ MORE

11:54 AM

Bajaj Twins, ONGC, Bajaj Auto top Nifty50 gainers at this hour

11:46 AM

Telecom set for 5G, to attract Rs 1.5 trn in 2023; tariff hikes likely too

The Adani group is yet to unveil its full-fledged plan for the telecom business, Reliance Industries Chairman Mukesh Ambani has committed Rs 2 trn investment for rolling out a 5G network by Dec 2023. READ MORE

11:34 AM

Nifty Metal gains 1%, led by gains in Welspun Corp, NALCO

11:20 AM

Broader markets outperform benchmark; India VIX slips 2%

11:10 AM

'Important to arrive at a common international approach to crypto': RBI

Financial Stability Report: The FTX turmoil, RBI said, revealed that crypto is highly volatile, exhibits high correlations with equities and does not act as a hedge against inflation. READ MORE

10:56 AM

Elin Electronics makes weak debut; lists 2% below issue price

Post listing, the market price of Elin dipped to Rs 235.25, down 5 per cent when compared with its issue price of Rs 247 per share. Read more

10:46 AM

COMMENT: Indian markets' outperformance vs peers significant feature of 2022

The most significant feature of 2022 is the outperformance of the Indian market. In a year in which S&P 500 is down by 20% and most markets are down between 10 to 20 %, Nifty is up by 4.8%.

This outperformance is the result of mainly two factors: One, India’s superior economic growth; two, domestic investors support the market by buying every dip caused by FII selling. These two factors are expected to continue in 2023 too.

Dollar index dipping below 104 is a positive for the market. This trend is likely to sustain forcing FIIs to turn buyers in India in 2023. Q3 results starting from Jan 12th will be the next trigger for markets. Capital goods, financials and construction-related segments are likely to post good results.

Views by Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

10:32 AM

Lotus Chocolate hits 5% upper limit as Reliance Retail eyes majority stake

RCPL will acquire 51 per cent controlling stake in Lotus for Rs 74 crore and also make an open offer to acquire additional 26 per cent stake. Read more

10:26 AM

Equity investors turn richer by Rs 16.36 trn in 2022 despite uncertainties

Dalal Street investors became richer by more than Rs 16.36 lakh crore this year as the equity market scaled new highs despite persistent geopolitical uncertainties and inflation worries. Read more

10:13 AM

Craftsman Automation soars 9%; hits record high on acquisition of DR Axion

The company and DRAIPL both operate in the auto components space and have strengths in complementary areas. The acquisition will help both entities leverage their strengths and build better synergies. Read more