Fag-end buying lifts Sensex 468 pts, Nifty above 18,400; auto, FMCG rise

CLOSING BELL: Sectorally, the Nifty IT index was the most downbeat sector as it dipped 0.5 per cent as Accenture's Q1FY23 results rang alarm bells for Indian IT companies

3:34 PM

CLOSING BELL: Sensex snaps two-day losses; jumps 468 pts

3:28 PM

IPO Update :: KFin Tech issue sails halfway through on first day backed by QIBs

3:08 PM

After Binance, crypto exchange CoinDCX publishes Proof of Reserves

Crypto exchange CoinDCX on Monday released its proof of reserves (PoR). The data showed that the total value of the reserves at the crypto exchange CoinDCX stood at $157.9 million against the total liabilities of $155.2 million as of December 15. READ MORE

3:01 PM

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

Source: Investing.com

2:51 PM

Maha govt okays Lloyds Metals' Rs 20,000-cr project; stock up 26% in 4 days

Shares of Lloyds Metals and Energy hit a record high of Rs 241, surging 7 per cent on the BSE in Monday's intra-day trade, as trading volume jumped nearly two-fold on Monday. In the past four trading days, the stock of the iron & steel company has soared 26 per cent after the Maharashtra Government cleared a project worth of Rs 20,000 crore. READ MORE

2:37 PM

BSE 500:: UTI AMC, Max Financial, Hindalco among volume shockers today

UTI AMC has witnessed unusally high volume of around 1.21 lakh shares so far on the BSE as against its five-day average volume of around 4,500-odd shares. Similarly, Cholamandalam Investment & Financial, Max Financial, Indiamart Intermesh and Hindalco were among the other volume toppers on Monday.

2:26 PM

Listen to the expert: Why a professional investment advisor matters

Many people suffer from overconfidence bias - the tendency to believe we are better at something than we actually are - when it comes to managing their finances. Those who have full-time jobs or run a business lack the time, the energy, and sometimes the inclination to manage their finances. READ MORE

2:16 PM

Women above 41 more active in crypto trading than men in India: Report

Women above the age of 41 in India transacted more in crypto assets in 2022 than men in the same age group, a report released on Monday showed. Women traded more in Blue chip tokens than men, it added. READ MORE

2:06 PM

BSE 500:: UCO Bank, Lemon Tree, Punjab & Sind Bank among top losers

UCO Bank down 6.5 per cent was the top loser among the BSE 500 stocks. Lemon Tree, Punjab & Sind Bank, EPL and Chemplast Sanmar, down 4 - 5 per cent each were the other major losers so far on Monday.

1:56 PM

Hospitality industry set for buoyant 2023, cashes India's G20 presidency

The domestic hospitality industry is looking to 'fly' in 2023 cashing in on India's G20 presidency, having received the 'oxygen' to run in 2022 after being crippled in the past two years by the pandemic. READ MORE

1:46 PM

Global Check:: Most Asian markets in red; Shanghai dips 2%

Source: Yahoo Finance

1:34 PM

BSE 500:: UTI AMC, GIC Re, New India Assurance among top gainers

UTI AMC up nearly 13 per cent was the top gainer among the BSE 500 stocks so far on Monday. It was followed by General Insurance Corporation of India, New India Assurance, Suzlon Energy and HUDCO, up 7 - 12 per cent each.

1:24 PM

Accenture's retained FY23 guidance hints slowdown for IT firms: Analysts

For FY23, Accenture has maintained its 8-11 per cent growth guidance. This is reportedly the first time since FY17 that the company has not upgraded its full-year guidance after the first quarter. READ MORE

1:11 PM

UTI AMC soars 15%, hits over 4-month high on Tata deal buzz

In the past one month, the stock price of UTI AMC has zoomed 30 per cent after state-owned Punjab National Bank (PNB) announced its plans to divest its holdings in the asset manager. In comparison, the S&P BSE Sensex was up marginally 0.02 per cent during the period. READ MORE

1:00 PM

Sebi Board Meeting :: Share buyback and revamp of disclosure norms on agenda

Sebi’s proposal includes phasing out open-market share buybacks through stock exchanges and removing the maximum limit of 15 per cent of the paid-up capital, with effect from April 1, 2025. To achieve this, a gliding path has been proposed through which the time period for completion of buyback offer will be reduced from six months to 66 working days from April 1, 2023 and will be taking it further down to 22 working days from April 1, 2024. READ MORE