Sensex, Nifty end flat after volatile day; NTPC gains 3%, PSB index dips 2%

CLOSING BELL: Adani Enterprises, Apollo Hospitals, Coal India, Bajaj Auto, UPL, Sun Pharma, Tata Motors, HDFC Life, Ultratech Cement, TCS, and Wipro were the top laggards

2:21 PM

News Alert:: IRB Infra emerges preferred bidder for Rs 2,132 Guj project

The company informed BSE that it emerged as a preferred bidder for the project of “Upgradation to Six Lane with paved Shoulder of NH-27 from Samakhiyali to Santalpur section from km. 339+200 to Km. 430+100 in the State of Gujarat on BOT (Toll) Mode. Total project cost is estimated to be around Rs 2,132 crore.

2:12 PM

Global Check:: Asian markets exhibit a mixed trend

Source: Yahoo Finance

2:03 PM

News Alert:: Lupin launches generic equivalent of Latuda Tablets

Lupin today announced the launch of Lurasidone Hydrochloride Tablets, 20 mg, 40 mg, 60 mg, 80 mg and 120 mg, to market a generic equivalent of Latuda Tablets of Sunovion Pharmaceuticals. 

1:54 PM

Samvardhana Motherson's SAS acquisition reasonably priced: Analysts

Analysts say it will add 10-15% to firm's revenue and Ebitda, allow product and geographical diversification. READ MORE

1:45 PM

This beaten down pharma stock has zoomed over 50% in last 11 trading days

Shares of Dishman Carbogen Amcis zoomed 14 per cent to Rs 124 on the BSE in Tuesday’s intra-day trade on the back of heavy volumes. In the past 11 trading days, the stock of the pharmaceutical company has zoomed 51 per cent from a level of Rs 81.90 on February 6. READ MORE

1:35 PM

BSE 500:: Shilpa Medicare, Zensar, Adani Power among top gainers

Shilpa Medicare up 9.5 per cent was the top gainer among the BSE 500 stocks so far on Tuesday. It was followed by Zensar Technologies, Symphony, Adani Power and Ratnamani Metals, up 5 - 7 per cent each.

1:24 PM

Indian jeweller Joyalukkas withdraws $278 million IPO, reason not clear

About 14 billion rupees ($169.16 million) from the IPO funds were to be used for repayment or pre-payment of debt, the company had said in its draft prospectus released in March last year. READ

1:16 PM

ALERT: Capacite Infra bags order worth Rs 181.4 crore

1:08 PM

Adani Ports to prepay Rs 1,000 cr on commercial papers due in March

India's Adani Ports and Special Economic Zone, a group company of the beleaguered Adani Group, plans to prepay 10 billion rupees ($120.8 million) in commercial papers maturing in March, a company spokesperson said. READ

 

12:57 PM

Zen Technologies hits record high; up 35% in one month on robust Q3 results

In the past one month, the stock of the company, engaged in aerospace & defense business, has zoomed 35 per cent after it reported robust earnings for the quarter ended December 2022 (Q3FY23). READ

12:49 PM

RBI may set cutoff yield on 10-yr state bonds in 7.69%-7.71% band: Poll

Indian states will aim to raise an aggregate of 207.37 billion rupees ($2.51 billion) on Tuesday through the sale of bonds maturing between seven years and 30 years. READ

12:40 PM

Minda Corp slips 9% in 3 days after it acquires 15.7% stake in Pricol

Shares of Minda Corporation (MCL) dropped 4 per cent to Rs 194.30 in Tuesday’s intra-day trade and extended its two day decline, after the company acquired 19.14 million equity shares, representing 15.70 per cent of equity capital of Pricol via open market for Rs 400 crore. READ

12:32 PM

Power stocks surge as govt orders coal-based plants to run at full capacity

NTPC jumped nearly 3 per cent and was the lead Sensex winner. Tata Power, JSW Energy, CG Power, Godawri Power and Ispat , NHPC and Power Grid were trading 1-4 per cent higher. READ

12:22 PM

Nifty Pharma dips to 7-mth low; bears may gain control if breaks 52-wk low

Barring Sun Pharmaceutical Industries, which is anticipated to rally up to 10 per cent; other stocks indicate weak bias, as per technical charts. READ

12:15 PM

BSE Capital Goods index nears record high; Siemens, L&T gain up to 3%

During October-December quarter (Q3FY23), capital goods companies delivered a healthy performance aided by strong execution with strong order inflows. While supply chain disruptions, higher freight cost and higher commodity prices continued to impact margins, the favourable impact of recent commodity price correction brings in the much-needed relief, going forward. READ MORE