Sensex, Nifty recoup losses, end flat; auto stocks dip, PB Fintech gains 8%

CLOSING BELL: The S&P BSE Sensex ended with a marginal loss of 88 points, while the Nifty held the 18,300-level on Friday.

10:41 AM

Honda India Power hits new high, zooms 45% in 1 month on strong Q2 results

In Q2FY23, the company's profit after tax jumped 167 per cent year-on-year at Rs 42.42 crore on the back of healthy operational income. READ MORE

10:34 AM

MARKET CHECK | Sensex erases opening gains; slips 150 pts

10:25 AM

Maersk, JSW and Essar Ports join the race for divestment of Concor

The latest development comes at a time when reports indicate that Maersk is planning to double its warehousing presence in India in the next one year. Read more

10:13 AM

TCPL Packaging soars 16%, hits record high on healthy business outlook

In Q2FY23, the company's consolidated revenues grew by 43 per cent YoY to Rs 361.7 crore on the back of higher volumes and better realizations. Read more

10:01 AM

COMMENT | Market likely to hover around current levels amid lack of triggers

There are no major global or domestic triggers that can move the markets decisively as of now. Therefore, the market is likely to meander around the current levels.

18400 Nifty is acting as a resistance level. For the Nifty to move up to and beyond record highs some strong triggers are necessary and that is not happening. Also, there is no trigger to push the market decisively into sharp correction territory. The texture of the market continues to be Buy on Dips.

 

A significant trend in the market now is the bloodbath in the new-age digital companies triggered by the end of the lock-in period for initial institutional investors. Some of these stocks may turn out to be big wealth creators in the long run.

Long-term investors with high risk appetite may consider nibbling at some of these stocks now available at huge discounts to their IPO price.

Views by  V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services 

9:52 AM

PSBs firmly rise; Bank of Maharashtra rallies 9%

9:48 AM

Bharti Airtel down 1%; Bharti Telecom to raise Rs 7000 cr from bond market

9:45 AM

Asian Paints up 1% as crude slips to $90 per/bbl

9:42 AM

IT dept conducts search at Metropolis Health premises; stock slips

9:39 AM

Blue Dart perks 2% up as board announces expansion plan

Board announced the opening of 19 plus retail outlets in tier I & II towns as part of its expansion plans.

9:35 AM

Nykaa up 3%; 54 million shares change hands

9:32 AM

SECTORS | Auto index top loser; PSBs defy weakness

9:30 AM

BROADER MARKETS | Mid-caps trade with steeper cuts than benchmarks

9:26 AM

NIFTY DRAGS | Hero Moto, Apollo Hospitals, Maruti drop 1% each

9:24 AM

NIFTY GAINERS | Tata Consumer, Cipla additional index winners