Sensex gains 145 pts ahead of US Fed outcome; YES Bank slumps 8%, Paytm 2%

CLOSING BELL: The broader markets, on the other hand, outperformed the benchmark indices as the BSE MidCap and SmallCap indices advanced 0.59 per cent and 0.68 per cent, respectively

1:28 PM

In 2 weeks, bank tier-2 bond sales soar past AT-1 issues for whole year

Over the past few months, banks have increasingly turned to the debt markets and raised funds, in order to finance the burgeoning demand for loans amid slower growth in deposits. In the past two weeks, however, a new favourite has emerged when it comes to banks’ debt instruments -- tier-2 bonds. READ MORE

1:19 PM

Global Check:: Asian markerts hold steady gains; Kospi, Taiwan outperform

Source: Yahoo Finance

1:10 PM

BSE 500:: UCO Bank, Hathway Cable, KIOCL among top gainers

UCO Bank up over 16 per cent was the top gainer among the BSE 500 stocks so far on Wednesday. It was followed by Hathway Cable, New India Assurance, General Insurance and KIOCL, up 9 - 10 per cent each.

1:00 PM

Govt extends bid submission deadline till Jan 7 for IDBI Bank sale

In a notice, the Department of Investment and Public Asset Management (DIPAM) said the last date for submission of EoI is January 7, 2023, instead of December 16, 2022. READ MORE

12:49 PM

New India Assurance, GIC Re rally up to 12% on heavy volumes

In the past one month, shares of New India Assurance Company (up 30 per cent) and GIC Re (up 18 per cent) outperformed the S&P BSE Sensex, which was up less than 2 per cent during the period. READ MORE

12:39 PM

Nifty Bank index eyes 45,000-mark; BoB, Axis, YES Bank can rally up to 33%

So far this year, the Nifty Bank Index has soared 24 per cent, far outperforming the benchmark indices, the BSE Sensex and Nifty 50, which have gained close to 8 per cent each. READ MORE

12:27 PM

Don't quit underperformer if fund manager remains true to mandate

Your portfolio shouldn't contain stocks picked at exorbitant valuations or those that have corporate governance issues READ MORE

12:14 PM

ALERT :: November WPI inflation at 21-month low of 5.85%

12:10 PM

YES Bank makes preferential allotment to Carlyle, Advent; stock dips 8%

"The board has approved allotment of a total of 3,696 million shares of face value Rs 2 each at Rs 13.78 and 2,560 million share warrants convertible into equity shares of face value Rs 2 each at Rs 14.82 on a preferential basis to CA Basque Investments, a Carlyle Group entity, and Verventa Holdings Limited, an Advent group entity," YES Bank said in a regulatory filing. READ MORE

11:57 AM

ADB keeps India's GDP growth unchanged at 7% for current financial year

The Manila-based ADB in a report on Wednesday saw Asia expanding 4.2 per cent this year before accelerating to 4.6 per cent in 2023. These projections compare to the previously estimated expansion of 4.3 per cent and 4.9 per cent, respectively. READ MORE

11:44 AM

UAE deal poses a survival challenge for Indian bullion refineries

Gold import from the UAE at a lower rate of duty -- in terms of an agreement -- has posed a survival challenge for the Indian refining industry while hurting the price discovery of the metal, with the India International Bullion Exchange starting operations at GIFT City. READ MORE

11:34 AM

Acquisition of JP's cement capacity a good long-term move by Dalmia

 The plants are situated in Madhya Pradesh, Uttar Pradesh and Chhattisgarh. The transaction is for an enterprise value of Rs 5,666 crore and it was done through the group subsidiary, Dalmia Cement. READ MORE

11:23 AM

Mutual fund growth reverses to mean after 2021 sprint, shows data

The equity market has remained range-bound this year as foreign investors pulled out record sums from the Indian market. As of December 13, the Nifty50 has risen 7 per cent. Most of the growth has happened in the last two months. By comparison, the Nifty50 went up 24 per cent in 2021. READ MORE

11:12 AM

SBI, Axis Bank, Larsen & Toubro among Sensex 30 hit fresh all-time highs

State Bank of India (SBI) and Axis Bank from banking space, and Larsen & Toubro (L&T) from capital goods sector, were among three stocks from the S&P BSE Sensex to hit new all-time highs on the BSE in Wednesday’s intra-day trade. Read more

11:01 AM

GMR Hyderabad International Airport raises Rs 1,150 cr through NCDs

GMR Hyderabad International Airport Limited (GHIAL) which manages Rajiv Gandhi International Airport said it has raised funds through the issuance of 10 year NCDs. Read more