F&O expiry: Sensex rises 213 pts, Nifty holds 17,750; metals rally, IT slip

CLOSING BELL: Tata Steel, Power Grid, Sun Pharma, Axis Bank, Bharti Airtel, Kotak Bank, M&M, HDFC, Dr Reddy's Labs, and Titan were the leading winners

3:38 PM

NSE Nifty 50 gains 81 pts, settles at 17,737

3:36 PM

Closing Bell:: Sensex ends 213 pts higher at 59,757

The S&P BSE Sensex ended 213 points higher at 59,757 on Thursday. 

3:18 PM

What does demerger of the financial services biz mean for RIL shareholders?

Reliance Industries will demerge its financial services business and list as a separate entity. Will a fast-growing consumer and merchant loan book be enough to impress shareholders? Let's find out. READ MORE

3:08 PM

LT Foods surges 4%, hits new high on fund raising plan; up 12% in 3 days

Shares of LT Foods hit a new high of Rs 135.80 as they surged 4 per cent on the BSE in Thursday's intra-day trade, amid heavy volumes, after the company announced fund raising plan. In the past three days, the stock has rallied 12 per cent, while it has zoomed 54 per cent in past three months. In comparison, the BSE Sensex gained 7 per cent in three months. READ MORE

2:59 PM

Global Check:: US, UK stock futures mixed ahead of ECB rate decision, US GDP data

Source: Investing.com

2:49 PM

Analysts positive on Bank Nifty, advise picking up stocks on dips

Bank Nifty index has been outperforming the benchmark Nifty. It has gained 4% in the past one month and 16% YTD. In comparison, Nifty is up less than 2% both on a one-month and YTD basis. READ MORE

2:39 PM

Too early to write off 'king' dollar's dominance, says Wall Street

That's the firm conviction of money managers at JPMorgan Asset Management and Fivestar Asset Management even after a gauge of the greenback touched a one-month low on Thursday. Signs that aggressive Federal Reserve tightening is starting to take a toll are fueling bets for a slower pace of rate increases. READ MORE

2:29 PM

Elon Musk says won't fire 75% of Twitter staff as he finalises deal

Tesla CEO Elon Musk has told Twitter employees that he is not going to lay off 75 per cent of the workforce when he takes over the micro-blogging platform. READ MORE

2:20 PM

BSE 500:: SJVN, IIFL Finance, RBL Bank among volume shockers

SJVN has witnessed unusually high volume of around 22.50 lakh shares on the BSE so far as against its five-day average volume of around 4.43 lakh shares. Similarly, IIFL Finance, RBL Bank, Phoenix Mills and GSFC also witnessed a significant spike in volume on Thursday.

 

2:10 PM

Dabur gains 4% after acquiring 51% stake in Badshah Masala & Q2 results

Shares of Dabur India were up 4 per cent to Rs 551 apiece in Thursday’s intra-day trade, after the company acquired 51 per cent stake in Badshah Masala Private Limited for Rs 587.5 crore (the balance 49 per cent stake would be acquired after five years). READ MORE

1:58 PM

Bharat Electronics Q2 net flat at Rs 611 cr; stock up 1.4%

Bharat Electronics today reported a negligible dip in Q2 net at Rs 611.05 crore for the quarter ended September 2022 as against Rs 612.60 crore in the corresponding quarter a year ago. Total income was up 7.9 per cent at Rs 4,020.84 crore on YoY basis.

1:48 PM

JioMart on WhatsApp a big opportunity for us: CEO Mark Zuckerberg

As Meta doubles down on its monetisation drive across its family of apps, Mark Zuckerberg has said that JioMart on WhatsApp in India is going to be a big opportunity for the paid messaging market. READ MORE

1:38 PM

JSW Steel USA secures $182 mn financing for modernising plate mill

JSW Steel USA, a subsidiary of India’s JSW Steel Limited, has secured long-term financing from two Italian banking institutions for modernising its $260 million plate mill in Baytown, Texas. READ MORE

1:27 PM

NSE Nifty Metal index soars 2.5%; JSW Steel, SAIL top gainers

1:17 PM

BSE 500:: Top losers so far

Gland Pharma down 14.5 per cent was the top loser among the BSE 500 stocks. Sumitomo Chemicals, PCBL, Nykaa and Johnson Controls-Hitachi Air were the other significant losers so far on Thursday.