Sensex snaps 4-day losing streak, ends 721 pts up; Nifty reclaims 18,000

CLOSING BELL: The NSE Nifty shut shop at 18,015, up 208 points. Broader indices outperformed the benchmarks with gains of up to 3 per cent.

3:36 PM

CLOSING BELL:: Nifty 50 ends at 18,015, up 208 points

3:34 PM

CLOSING BELL:: S&P BSE Sensex ends 721 points higher at 60,566

3:16 PM

India's growth rate to be 6.4% for next 5 years: UK-based research centre

India's annual growth trajectory for the next five years is expected to be 6.4 per cent, after which it is likely to rise to 6.5 per cent during the subsequent nine years, according to the Centre for Economics and Business Research (Cebr). READ MORE

3:08 PM

Global Check:: US, UK stock futures advance up to 0.5%

Source: Investing.com

2:57 PM

Cryptocurrency in 2022: What it was, what it is, and what to expect in 2023

The year 2022 was turbulent for cryptocurrency. Tightening monetary policy and geopolitical pressures led to a major sell-off in the industry. Following hawkish commentary from the Reserve Bank of India (RBI), the Indian government imposed a flat 30 per cent tax and an additional 1 per cent tax deducted at source (TDS) on the transfer of crypto tokens in this year's Budget. READ MORE

2:49 PM

eClerx Services slips 7% on turning ex-date for buyback via tender offer

The stock of the business process outsourcing (BPO)/ knowledge process outsourcing (KPO) company had hit a 52-week low of Rs 1,223.95 on June 17. At 02:12 PM; eClerx Services was trading 4 per cent lower at Rs 1,313.95 as compared to a 1.2 per cent rise in the S&P BSE Sensex. READ MORE

2:40 PM

Hold on to equity funds in 2023 despite turbulence, say experts

After two years of blockbuster returns in 2020 and 2021, most equity mutual fund categories have given single-digit or negative returns in 2022. Their lacklustre performance may continue for some time in 2023 as well. READ MORE

2:33 PM

BSE 500:: Zensar Tech, Suven Pharma, Trent among volume shockers

Zensar Technologies has witnessed unusally high volume of around 7.79 lakh shares so far on the BSE as against its five-day average volume of around 73,000 shares. Similarly, Triveni Turbine, Suven Pharma, Trent and Garware Technologies were among the other volume toppers on Monday.

2:22 PM

Credit card spends drop sequentially as festive season draws to close

Credit card spending dropped 11 per cent sequentially in November at Rs 1.15 trillion, but topped Rs 1 trillion for the ninth month straight, data from the Reserve Bank of India (RBI) showed as the festive season ends and consumption activity slows down. READ MORE

2:13 PM

Poonawala Fincorp surges 13% after a 15% decline in past four trading days

Motilal Oswal Financial Services recently initiated coverage on Poonawalla Fincorp with a 'buy' rating and a target price of Rs 350 per share. READ MORE

 

2:04 PM

Market Check:: Asian shares exhibit a mixed trend

Source: Yahoo Finance

1:56 PM

Telecom firms get green signal for towers, services on railway land

The Ministry of Railways has opened its telecommunication services to private players, allowing them to install towers on land owned by it, Business Standard has learnt. So far, this right was reserved only for its own telecom arm -  RailTel Corporation of India. READ MORE

1:47 PM

BSE 500:: EClerx, Ajanta Pharma, Timken India among top losers

EClerx Services down over 4 per cent was the top loser among the BSE 500 stocks. Ajanta Pharma, Dr Lal Pathlabs, Timken India and G R Infraproject, down 3 - 4 per cent each were the other significant losers so far on Monday.

1:36 PM

L&T gains 2% on 'significant' order wins for its water treatment business

The company bagged an order from the Tumakuru Industrial Township Limited (TITL) under the Chennai Bengaluru Industrial Corridor (CBIC) along with repeat orders from the Tamil Nadu Water Supply and Drainage Board (TWAD Board), funded by the Asian Development Bank (ADB), L&T said in a press release. READ MORE

1:27 PM

Market Check:: Nifty Smallcap 100 soars over 3%; EaseMyTrip zooms over 11%