Banks, RIL drag Sensex 311 pts down, Nifty below 17,850; Adani Ent falls 6%

CLOSING BELL: Maruti Suzuki, Kotak Bank, SBI, HDFC, Axis Bank, Titan, Bajaj Finance, HDFC Bank, ICICI Bank, Nestle India, and RIL were the top Sensex laggards, falling in the range of 1 - 1.4 per cent

1:54 PM

Lumax Auto soars 12% as it acquires majority stake in IAC Group's India biz

IAC India is a well-established Tier-1 interior systems and components supplier to key automotive OEMs in India including Mahindra, Maruti Suzuki, Volkswagen and Volvo Eicher Commercial Vehicles. READ MORE

1:43 PM

Global Check:: Stocks in China outperform among Asian peers

Source: Yahoo Finance

1:31 PM

Not REITs to riches for investors as the near-term headwinds blow

The stocks of listed real estate investment trusts (REITs) are down 9-12 per cent from their peak in January to their low earlier this month. In addition to the negative sentiment as a consequence of changes announced in the Union Budget 2023-24 concerning tax treatment for debt repayment distribution, concerns about hiring slowdown and its leasing impact, as well as higher interest rates, could blight the sector in the near term. READ MORE

1:21 PM

BSE 500:: Sumitomo Chemicals, Sonata, Star Health among top gainers

Sumitomo Chemicals up over 9 per cent was the top gainer among the BSE 500 stocks so far on Monday. It was followed by Sonata Software, Star Health Insurance, Cera Sanitaryware and Equitas Small Finance Bank, up 7 - 9 per cent each.

1:10 PM

Market Check:: Sensex near day's low, down over 400 points from high

12:58 PM

FAME investigations: Subsidy crunch hurting electric two-wheeler makers

Given the development, industry insiders say that the 1-million-unit target this fiscal year may not be achieved. READ

12:48 PM

ALERT:: Axis Bank hikes lending rates by 10 bps across tenures

12:39 PM

India's Russian oil imports surge to a record 1.4 mn barrels per day in Jan

Last month Russian oil accounted for about 27% of the 5 million bpd of crude imported by India, the world's third-biggest oil importer and consumer. READ

12:31 PM

Stock bearing the brunt of Adani Group rout is at risk of more losses

Adani Total was down by its limit in early trading on Monday. It has done so each day since Jan. 27. READ

12:22 PM

Bank of Baroda CEO Chadha says willing to continue lending to Adani group

One of India’s biggest state-backed lenders is willing to consider lending additional money to the beleaguered Adani Group including for a project to remodel a slum that is among the world’s largest. READ

12:16 PM

Bharat Dynamics spurts over 4% as it secures export order worth $255 million

12:06 PM

Charts indicate robust bias for RIL, ONGC amid GST inclusion hopes

At the 49th GST council meeting, the Finance Minister Nirmala Sitharaman stated petroleum products such as petrol and diesel could be included under the Goods and Service Tax (GST) regime once the states government agree to it. She also added, GST council members need to finalize a rate before petroleum products are added under GST. READ

11:57 AM

Centre opposes Hindustan Zinc's $2.98 billion deal for Vedanta zinc assets

India's federal government has opposed Hindustan Zinc's proposed $2.98 billion acquisition of zinc assets from Vedanta Ltd, a letter from the government to the company showed on Monday. READ

11:42 AM

Sonata Software surges 26% in one month; stock nears record high

Shares of Sonata Software continued at their northward movement, hitting a fresh 52-week high of Rs 739, as they rallied 9 per cent on the BSE in Monday's intra-day trade amid heavy volumes. The stock of the information technology (IT) company surpassed its previous high of Rs 689.95, touched on February 16. READ

11:30 AM

Asia shares creep higher, wary on US Fed Reserve and BOJ outlooks

Asian shares edged up on Monday as a U.S. holiday made for slow trading ahead of minutes of the latest Federal Reserve meeting and a reading on core inflation that could add to the risk of interest rates heading higher for longer. READ