Bear run enters sixth day as Sensex fall 142 pts, Nifty near 17,450

CLOSING BELL: Sectorally, the Nifty Metal index plunged 3 per cent, dragged by Adani Enterprises, which tumbled nearly 5 per cent

2:34 PM

WATCH: Is the IT dream turning sour for Indian youth?

2:26 PM

Early summer to boost white goods, premium segment to grow in double digits

Most firms anticipate high demand for ACs, refrigerators, coolers and fans, and are running at full production capacity to ensure they have enough inventory to meet demand. READ

2:14 PM

GAIL India rallies 5% in weak market; hits 8-month high on heavy volumes

Gas transmission and trading volumes are likely to increase in FY24E with supplies coming from new sources, analysts say. READ MORE

2:02 PM

News Alert:: Maruti announces price hike for brand 'IGNIS'; stock off lows

In a release to the BSE, Maruti today said IGNIS is now being equipped with Electronic Stability Program (ESP) and Hill Hold Assist as standard feature across all the variants providing an added safety shield for its customers. It is also compliant with the upcoming E20 and Real Driving Emission (RDE) norms.

 

The price change varies across models and ranges upto Rs 27,000 (Ex-Showroom - Delhi). The new prices are effective from today i.e. 24th February 2023, the release added.

1:51 PM

Supreme Court rejects plea to stop media from reporting on Adani-Hindenburg

The Supreme Court on Friday rejected the plea made by advocate M L Sharma to stop the media from reporting on the Adani-Hindenburg issue till the court announces its order, according to LiveLaw. READ MORE

1:39 PM

Olectra, in partnership with RIL, unveils hydrogen bus; stock zooms 20%

The company said the 12-metre low-floor bus has a seating capacity of 32 to 49 seats for passengers and one driver seat with its commercial launch is expected within a year. READ MORE

1:28 PM

Who is Ajay Banga, nominated by Joe Biden to be next World Bank president?

On Thursday, the US nominated ex-Mastercard CEO Ajay Banga to head the World Bank. Announcing the nomination, US President Joe Biden said that Banga is "uniquely equipped to lead" the institution. READ MORE

1:18 PM

Global Check:: A mixed outing for Asian markets

Source: Yahoo Finance

1:05 PM

NCLAT stays insolvency proceedings against Zee; final hearing on March 29

On Friday, the National Company Law Appellate Tribunal (NCLAT) stayed the initiation of insolvency proceedings against Zee Entertainment Enterprises (Zee). The move came after Punit Goenka, chief executive of Zee, challenged the proceedings against the company. READ MORE

12:57 PM

Nifty Metal index sheds 2%; Adani Enterprises cracks 6%; Hindalco 4%

12:46 PM

Market Check:: Sensex near day's low, down 150 points

12:31 PM

Risks to the market rally are rising; oil stocks a good bet: Chris Wood

Risks to the rally in the global equity markets – especially arising from geopolitical shocks – are rising, wrote Christopher Wood, global head of equity strategy at Jefferies in his recent note to investors, GREED & fear. This, he wrote, can see oil prices climb higher going ahead. READ

12:20 PM

ALERT: NCLAT stays insolvency proceedings against Zee Entertainment

>> NCLAT has issued notice to IndusInd Bank on Punit Goenka's plea. It will hear the issue on March 29.

12:12 PM

Mahindra CIE rallies 9% to hit 52-week high on positive demand outlook

Overall positive performance in Q4, supported by growth and solid profitability in India, and big commercial efforts in Europe will help offset huge cost increases, said analysts. READ

12:02 PM

Adani group to hold fixed-income investor roadshow in Asia next week

The group is boosting outreach to investors after its bonds and stock slumped following a critical report from short-seller Hindenburg Research published last month. READ