Sensex falls for 5th straight day, ends 344 pts down; Nifty breaks 17,000

CLOSING BELL: The Nifty 50 ended below the 17,000-mark for the first time since October 11, 2022. The NSE benchmark has now shed 630 points in the last five trading sessions.

1:49 PM

GMR Airports surges 6% on heavy volumes after arm raises funds via NCDs

The proceeds from the NCDs will be utilized for partial refinancing of $100 million of the existing FCBs of 2024. READ MORE

1:36 PM

Market Check:: Sensex down 45 pts; erases over 550-point gain

1:28 PM

As cost of capital rises, VC funding for new-age firms drops to $26 bn

The global economic downturn has made investors reconsider their commitments towards the deployment of capital into new-age firms. READ MORE

1:17 PM

BSE 500:: Alok Industries, Hikal, KPIT Tech among top gainers

Alok Industries up 9 per cent was the top gainer among the BSE 500 stocks so far on Wednesday. It was followed by Hikal, KPIT Technologies, Varroc Engineer and Gland Pharma, up 5 - 7 per cent each.

1:02 PM

BS Special: What challenges does the new HUL MD & CEO face?

12:51 PM

No contagion seen on Indian bonds, forex from SVB collapse: DBS Bank

"The dollar index is not stretching as the typical risk-off scenario. Unless commercial activity drops across the world, which does not seem to be the case, we may not see any major impact". READ

 

12:37 PM

Adani's investor Elara also a co-owner with conglomerate in ADTPL: Report

A venture capital (VC) fund managed by Elara Capital, Elara India Opportunities Fund (Elara IOF), is a promoter entity with the Adani Group in Bengaluru-based defence company Alpha Design Technologies Pvt Ltd (ADTPL), as reported by the Indian Express (IE). READ

12:26 PM

Varun Beverages surges 5%, nears record high on strong growth outlook

The beverages' sector presents significant growth opportunities in the future, driven by deeper penetration into rural markets, an expanding demographic profile, and a growing middle-class population. READ

12:15 PM

As cost of capital rises, VC funding for new-age firms drops to $26 bn

Venture capital (VC) funding for Indian startups has taken a sharp cut. It dropped to $25.7 billion in 2022 from $35.8 billion in 2021 as the global economy experienced turbulence. READ

12:01 PM

MARKET CHECK :: Sensex holds gains after mild profit booking at higher levels

>> Nifty holds above 17,100

11:51 AM

RIL, Mphasis: 45 stocks hit fresh 52-week lows; charts show more pain ahead

Technically, the heavy-weight Reliance Industries has broken critical support of Rs 2,300, raising concerns about the future drawdown. READ MORE

11:41 AM

ALERT :: Nazara Tech subsidiaries get unrestricted access to entire SVB holding

>> From the total amount of $7.75 million, a sum of $7.25 million (Rs 60 crores) has been transferred to bank accounts outside of SVB, and the balance amount of $0.5 million (Rs 4 crores) remains in SVB accounts for unrestricted operational use.

11:36 AM

Neelkanth Mishra resigns from Credit Suisse; to head research at Axis Bank

A veteran of two decades at the Swiss bank, Mishra has agreed to helm Axis Bank’s research department, the people said, asking not to be named as the information is private. He is part of Indian Prime Minister Narendra Modi’s Economic Advisory Council and head of research at Credit Suisse’s local unit, according to the bank’s website. READ MORE

11:32 AM

ALERT :: EKI Energy Services wins order from Kochi Metro Rail

Check details here

11:20 AM

Ramkrishna Forgings surges 9% on emerging lowest bidder for Railways order

The total quantity of forged wheels to be supplied will be around 1.54 million wheels over a period of 20 (twenty) years. Intimation regarding Letter of Award (LOA) will be submitted as and when the LOA will be received, the company said. READ MORE