Sensex jumps 243 pts on late buying, Nifty reclaims 18,000; RIL gains 2%

CLOSING BELL: The BSE Sensex gained more than 600 points from the day's low; Tech Mahindra, Bharti Airtel and auto shares were the other major gainers on Wednesday.

3:37 PM

Sectoral trends :: Nifty IT index rides on Tech M, LTIM on Wednesday

3:36 PM

Broader markets :: MidCap, SmallCap indices snap underperformance

3:35 PM

Sectoral trends :: Nifty IT, Realty indices advance over 1%

3:33 PM

Sensex Heatmap :: 20 of 30 index constituents close in the positive zone

3:32 PM

CLOSING BELL :: Sensex settles near day's high

3:32 PM

CLOSING BELL :: Nifty ends above 18,000

3:30 PM

NSE co-location scam: Delhi HC asks CBI to file affidavit mentioning status

The case is of the year 2015, when a whistleblower wrote to the market regulator Securities and Exchange Board of India (SEBI) about stock exchange being biased with some brokers and favouring some by allowing them to log into the NSE systems with better hardware specifications while engaging in algorithmic trading. READ MORE

3:24 PM

Sebi notifies governance norms for REITs, InvITs similar to listed cos

As part of streamlining the provisions for REITs and InvITs, the regulator said the tenure of an auditor will be made till the conclusion of the fifth annual general meeting of unitholders, and a statutory auditor will undertake a limited audit of all the entities or companies whose accounts are to be consolidated. READ MORE

3:13 PM

MARKET CHECK :: Nifty tops 18,000

3:12 PM

MARKET CHECK :: Sensex at day's high amid fresh buying in heavyweights

3:07 PM

Rupa & Co, Dollar Ind, Kitex Garments hit 52-wk lows on weak Q3 results

Among individual stocks, Kitex Garments tanked 14 per cent to hit 52-week low of Rs 152.10 amid heavy volumes. The stock fell below its previous low of Rs 168.80, touched on December 23, 2022. For Q3FY23, Kitex Garments reported a consolidated net loss of Rs 4.22 crore due to sharp decline in sales. The company had posted net profit of Rs 34.69 crore in the year-ago quarter (Q3FY22). Revenue from operations during the quarter fell 66 per cent to Rs 68.21 crore from Rs 202.91 crore in Q3FY22. READ MORE

2:57 PM

Rs 40-trillion MF industry braces for industry-wide forensic audit

The Rs 40-trillion mutual fund (MF) industry is bracing for a comprehensive audit — a move aimed at boosting investor confidence. In a first, the Securities and Exchange Board of India (Sebi) has invited Expression of Interest (EoI) for empanelment of forensic auditors, specifically for MFs. READ MORE

2:50 PM

Paytm Payments Bank goes live with UPI LITE to boost small UPI transactions

Paytm Payments Bank Limited (PPBL) on Wednesday said it has gone live with UPI LITE, a feature enabled by the National Payments Corporation of India (NPCI) for multiple small UPI transactions. READ MORE

2:40 PM

BSE 500:: IPCA Labs, Torrent Power, Apollo Hospitals among volume shockers

IPCA Labs witnessed unusally high volume of around 2.09 lakh shares so far on the BSE as against its five-day average volume of around 8,500-odd shares. Similarly, Torrent Power, Apollo Hospitals, PI Industries and PNC Infratech were among the other BSE 500 volume toppers on Wednesday.

2:30 PM

Cement demand climbs up, not unusual profitability for Indian cos: Moody's

The infrastructure led investments in India will drive up the demand for cement and other building materials, said Moody's Investors Service in a report. READ MORE