Sensex soars 900 pts, Nifty ends near 17,600; PSBs, Adani Group stks sizzle

CLOSING BELL: The Rs 15,446 cr stake buy by GQG Partners in Adani Group, coupled with positive global cues buoyed sentiment on Friday. Heavyweights RIL, ITC and Airtel also rallied up to 3 per cent.

1:36 PM

Street cautious on ABFRL amid weak performance in value segment

The stock of Aditya Birla Fashion Retail is down 10 per cent from its February high. Even as the revenue performance of the apparel retail major in the October-December quarter's for the 2022-23 financial year (Q3FY23) was better than expected, the company saw brokerage downgrades, given the weak operating performance and the pressure on margins. This the second consecutive quarter of margin miss despite strong traction on the sales front. READ MORE

1:26 PM

News Alert:: REC board to meet on March 09 to consider market borrowing programme

REC informed BSE that its board will meet on March 09 to consider and approve the market borrowing programme for FY24.

1:16 PM

Bulls drive Sensex over 850 points higher: Here are top 3 reasons why

The spike comes after the US Federal Reserve Atlanta President Raphael Bostic vouched for a measured rate hike approach, which strengthened global sentiments. READ MORE

1:05 PM

News Alert:: Aether Industries inks 10-year deal with Japan firm

Aether Industries has inkex a long-term Supply and Sales Agreement Japan-based Otsuka Chemical for supply and sale of specific existing specialty intermediates, for a period of 10 years.

12:55 PM

Escorts, Bajaj-Auto: Trading strategies for auto stocks post Feb sales nos

The Nifty Auto index has remained a laggard in the February, post missing to reach a new historic peak. The index touched 13,539-mark, just 5 points shy of a new all-time high. Now, as the automobile companies released their sales numbers, which largely appeared mixed on the weak export numbers, the index is expected to be in the spotlight for coming sessions. READ MORE

12:44 PM

Global Check:: Sensex, Nikkei, Hang Seng shine in Asia trade

Source: Yahoo Finance

12:35 PM

Direct tax collection in FY23 likely to top govt's Revised Estimates

Direct tax collection in 2022-23 is likely to exceed the government’s Revised Estimates (RE), potentially helping narrow the fiscal deficit. READ MORE

The Budget estimated direct tax collection at Rs 14.20 trillion in FY23, higher than Rs 14.10 trillion collected last fiscal

12:24 PM

Techno Electric surges 9% on healthy growth outlook

The management expects growth momentum of business as well as execution to continue for the coming three years. READ MORE

12:16 PM

BSE 500:: Adani Group, JSW Energy, Finolex Cables among top gainers

Adani Enterprises up nearly 14 per cent was the top gainer among the BSE 500 stocks so far on Friday. It was followed by Adani Ports, JSW Energy, Punjab & Sind Bank and Finolex Cables, up 7 - 8 per cent each.

12:00 PM

India's services PMI activity in Feb grows at its fastest pace in 12 years

The S&P Global India Services Purchasing Managers' Index rose from 57.2 in January to 59.4 in February, its highest since February 2011 and considerably above all forecasts. READ

11:46 AM

In search of funding, Vodafone Idea dials KKR and Temasek Holdings

Vodafone Idea (VIL) has started preliminary talks with leading global private equity investors, including Singapore-based Temasek Holdings and US-based KKR, to raise money through equity and debt. READ

11:21 AM

Nifty PSU Bank index surges 4% amid rebound in Adani group stocks

SBI, Bank of Baroda, Punjab & Sind Bank, Union Bank of India, UCO Bank, Bank of India, Bank of Maharashtra and Indian Overseas Bank were up 4 - 7 per cent each. READ

11:10 AM

Kirloskar Ferrous rises 3% as co sees 15% casting iron vol growth in FY24

Management says casting iron will see 15 per cent volume growth for FY24, it told CNBC TV18. 

11:01 AM

Major central banks return to rate hikes to fight inflation in February

Policy makers in Australia, Sweden, New Zealand and Britain joined the U.S. Federal Reserve and the European Central Bank in lifting key lending rates by a total of 250 basis points (bps). READ

10:52 AM

ALERT: India February Services PMI at 59.4 vs 57.2 in January