TCS, Infy, SBI lift Sensex 548 pts ahead of Fed outcome; Nifty tops 16,600

CLOSING BELL: Sun Pharma, Divis Lab, L&T, Asian Paints, SBI, TCS, Ultratech Cement, and Grasim led from the front, rising over 2 per cent each

12:55 PM

BSE 500:: Stocks recovering smartly from the lows of the day

Star Health Insurance and Narayana Hrudayala have rallied around 7 per cent each from their respective lows of the day so far. Similarly, Yes Bank, Zomato and The Ramco Cement were some of the other significant movers from the lows of the day.

12:44 PM

Outlook positive for CG Consumer despite home appliance firm's Q1 miss

The June quarter results of Crompton Greaves Consumer fell short of street estimates. Revenues for the company, which makes home and kitchen appliances, were broadly in line with analyst estimates, but the operational performance was disappointing. READ MORE

12:35 PM

Euro fragile following a cut in Russian gas supply and a looming Fed hike

Euro nursed losses on Wednesday after its sharpest drop in two weeks, as a cut in Russian gas supply sent energy prices soaring, while the dollar held ground ahead of an expected Fed hike. READ MORE

12:25 PM

Asian Markets Update:: Major indices, barring Hang Seng, up marginally

Source: Yahoo Finance

12:17 PM

This Rakesh Jhunjhunwala-owned stock has surged 64% from July's record low

Star Healthcare rallied 10% to Rs 768 in intra-day today, and has rebounded 64% from its record low of Rs 469.05 touched on July 1, 2022. READ MORE

12:10 PM

BSE 500:: Top losers so far

Tanla Platforms has tumbled over 16 per cent and was the top loser for the second straight day among the BSE 500 stocks on Wednesday. It was followed by EPL, Brightcom Group, M&M Financial Services and Tata Power.

12:02 PM

We are positive on PSU space as valuations are attractive: Anish Tawakley

Valuations are not cheap and the near-term outlook remains uncertain for equities, says Anish Tawakley, head of research and senior fund manager, ICICI Prudential Mutual Fund. In an interview with Samie Modak, he spells out the investment themes that investors can consider. Read edited excerpts

11:54 AM

HDFC Bank opens special window offering 6.80% interest for NRE deposits

The window, which is available on Wednesday and Thursday, offers an annual rate of 6.80 per cent on NRE deposits worth Rs 2 crore to less than Rs 150 crore. READ MORE

11:46 AM

BSE 500:: Top gainers so far

Tata Investment Corporation and Star Health Insurance zoomed over 7 per cent each and were the top gainers among the BSE 500 stocks so far on Wednesday. Prism Johnson, Yes Bank and PCBL were few of the other major gainers.

11:36 AM

Wuhan locks down 1 mn residents again in an echo of Covid pandemic's start

A district on the outskirts of Wuhan has been locked down, the first time the Chinese city that saw the world's first Covid-19 lockdown has imposed such a measure since 2020. READ MORE

11:24 AM

Page Ind hits record high on strong growth outlook; stock up 17% in July

The company aims at capacity expansion and increased infrastructure and facilities to meet growth in demand. READ MORE

11:02 AM

Pharma stocks in pink of health; Zydus Life gains 2%

10:55 AM

Oil steady as demand concerns offset US crude stock drawdown

Oil prices held steady on Wednesday as concerns about weaker demand offset industry data that showed a larger-than-expected drawdown in US crude stockpiles. READ HERE

10:47 AM

L&T gains 4% after net profit spikes 45% YoY to Rs 1,702 crore in Q1FY23

Analysts believe that the company's strong order book position at Rs 363,448 crore suggests good revenue visibility in the coming years. READ MORE

10:15 AM

Union Bank of India rises 1% as profit grows 32% YoY in Q1