Sensex, Nifty end flat ahead of inflation data; HDFC duo, RIL lend support

CLOSING BELL: The benchmark indices sought support from financial and metal stocks with their respective indices climbing 0.2 per cent & 0.4 per cent. On the downside, the IT index fell 0.4 per cent.

10:13 AM

Nifty IT index slips 5% in two days on earnings, valuation worries

At its investor meeting held in New York on December 8, the management said the revenue growth guidance for FY23 is likely to come in at the lower end of its 13.5-14.5 per cent year-on-year band in constant currency (CC) terms due to higher-than-expected furloughs in BFSI and Hi-Tech segments. READ MORE

10:05 AM

MARKET CHECK :: HDFC twins, Dr Reddy, HCL Tech lead recovery; Sensex in the green

10:01 AM

New Listing :: Uniparts India sees flat debut; lists at Rs 575 vs issue price of Rs 577

9:48 AM

Gold futures likely to re-test Rs 55,550; Silver on course to Rs 71,350

The bias for the remainder of December is likely to remain bullish as long as Gold futures trade above Rs 53,850. Meanwhile, near support for Silver is seen at Rs 67,500 - Rs 67,350 levels. READ MORE

9:39 AM

MARKET CHECK :: Sensex sees sudden spike

9:38 AM

Marico up 1% in weka market; arm to acquire 100% stake in Beauty X

>> The company’s subsidiary – Marico South-East Asia Corporation has inked pact to acquire 100 per cent of Beauty X, which owns female personal care brands Purité de Prôvence and Ôliv for Rs 172 crore. The transaction is expected to be completed by March 31, subject to requisite regulatory approvals.

9:36 AM

YES Bank up 2% as RBI gives final nod to Carlyle acquisition

>> The Reserve Bank of India issued two letters to the bank as the final nod for its proposed capital raise plan from the Carlyle Group and Verventa Holdings. YES Bank will now engage with the investors for completion of the proposed capital raise, subject to various regulatory compliances.

9:35 AM

Mahindra Holidays to invest Rs 1,500 cr in capex; stock down 2%

>> The company plans to invest up to Rs 1,500 crore in the next three years in expansion, which includes room additions and resort acquisitions. That apart, the company will also consider launching a new upscale brand for managing resorts in order to grow its Club Mahindra memberships.

9:33 AM

NDTV rises 3% as Board invites RRPR Holding to nominate 2 directors

>> The board approved proposal to invite RRPR Holding, which is an indirect subsidiary of Adani Enterprises and holds 29.18 per cent in NDTV, to nominate two directors on its board. The appointment of directors would be taken up at their next board meeting scheduled on December 23.

9:31 AM

Jaiprakash Associates jumps 10% as co mulls sales of MP unit

>> The company has called a board meeting on Monday, December 12, to mull over sale of their Nilgrie cement unit in Madhya Pradesh. According to reports, Dalmia Cement is the frontrunner in the race to acquire the company, with the Adani Group and Aditya Birla Group also in the fray.

9:29 AM

Glenmark Pharma falls 4% after USFDA issues warning letter

>> The US health regulator issued warning letter for the drugmaker Glenmark Pharmaceuticals for manufacturing lapses at its Goa-based plant.

9:27 AM

BSE SmallCap index dips 0.45%; UCO Bank falls 5%, JP Assoaciates soars 10%

9:26 AM

BSE MidCap index down over half a per cent; Glenmark Pharma, IOB, Max Health slide the most

9:24 AM

Broader indices in sea of red; MidCap index down 0.7%

9:22 AM

Sectoral trends :: FMCG, Media indices wee bit higher; Metals, IT crack the most