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

12:08 PM

MARKET CHECK: Sensex gains fizzle out; Wipro, Sun Pharma top drags

12:00 PM

MARKET CHECK :: 23 of 50 Nifty stocks decline

11:51 AM

Combined equity market value of 10 Adani Group firms slips below $100 bn

The ports-to-power group has now lost more than $136 billion in market capitalization since Jan. 24, when US-based Hindenburg Research published a report alleging accounting fraud and stock manipulation — accusations that Adani Group has denied repeatedly. READ MORE

11:42 AM

Delhivery jumps 5%, gains 14% in seven straight days post Q3 results

Even as the company reported a wider loss and a dip in total income (down 5 per cent) on a year-on-year basis. The earnings look relatively better on a sequential basis.

 

On a quarter-on-quarter basis, the company's net loss has narrowed to Rs 195.65 crore in the quarter ended December 2022 as against a net loss of Rs 254.11 crore in the  READ MORE

11:31 AM

Trai proposes regulatory framework to rate buildings on their digital infra

The development is crucial in light of users' preferences for working from anywhere and their demands for continuous digital connectivity.The launch of 5G services in the country has further pushed user expectations, the report said. READ MORE

11:20 AM

ALERT :: India & Singapore launch UPI-PayNow cross-border #payment system

11:16 AM

Indian banks' performance till Dec 22 exceeds expectations: Fitch Ratings

Increased write-offs have been a key factor, but higher loan growth, supported by lower slippages and improved recoveries, have also played a role. Fitch expects a further improvement by FYE23, although banks still face the risk of asset-quality pressure associated with the unwinding of loan forbearance in FY24. READ MORE

11:06 AM

Marine Electricals rallies 5% after it bags order from Goa Shipyard

The company will supply shaft generators, main switch boards, distribution boards, and associated systems with OBS for PCV Project from Goa Shipyard. The delivery of the mentioned goods shall be completed over a period of one year. READ MORE

10:56 AM

Market pulse :: Stocks with high volume at this hour

10:46 AM

Finance ministry looking into life insurers' tax relaxation plea

The relaxations sought by the life insurance industry on the Budget announcement of taxing high-value policies with premiums of Rs 5 lakh and above are currently under examination by the finance ministry. READ MORE

10:37 AM

Uflex drops 4%, hits 52-wk low on report of Income-Tax raid at Noida office

According to several media reports, the Income Tax department was conducting a raid at the office of Uflex in Noida, alleging that the company has issued several bogus bills READ MORE

10:26 AM

MARKET CHECK :: Sensex at day's high, rallies 250 pts

10:22 AM

Losing traction: BAFs' dream run halts even as equity market stays volatile

Balanced advantage funds (BAF), which emerged as an investor favourite in the latter part of 2021, have hit a rough patch in terms of attracting inflows. In the past four months, investors have pulled out a net Rs 2,680 crore from the hybrid mutual fund (MF) offering. READ MORE

10:12 AM

Adani Power hits fourth 5% upper circuit; No respite for Adani Green

Adani Power was locked at the 5 per cent upper limit at Rs 171.15 for the fourth straight trading day. The counter registered a volume of around 10.72 lakh shares on the BSE, with pending buy orders to the tune of ht 4.13 lakh shares as of 09:28 AM. Meanwhile, the S&P BSE Sensex was up 0.2 per cent at 60,822. READ MORE

10:01 AM

Good upside seen in Oil India stock; most analysts are positive

Notwithstanding the windfall tax placing a cap on profits, oil and gas producers like Oil India (OIL) and Oil and Natural Gas Corporation (ONGC) have done well in the October-December quarter (third quarter, or Q3) of 2022-23 (FY23). READ MORE