Sensex slips 391 pts, Nifty holds 17K ahead of US CPI data; Wipro cracks 7%
CLOSING BELL: The NSE Nifty 50 swung wildly in a range of 17,112 to 16,957 as the weekly F&O expiry was in focus. The index finally settled with a loss of 107 points at 17,017 .
2:36 PM
Oil prices lose ground as market jittery over demand risks
Both OPEC and US Energy Department have cut their demand outlooks, while a flare-up in Covid cases in China has sparked fresh concerns over fuel consumption in the world's top crude importing-country. READ MORE
2:26 PM
BSE 500:: Top losers so far
Wipro down nearly 7 per cent was the top loser among the BSE 500 stocks so far. India Cements, Indian Hotels, Brightcom Group and Escorts Kubota were the other major losers on Thursday. VIEW MORE
2:16 PM
Manipal Health may launch IPO after deal to buy AMRI Hospitals
Bangalore-based Manipal Health Enterprises, which is valued at about Rs 35,000 crore, may go for an initial public offering (IPO) after it closes a deal to acquire Emami Group’s AMRI Hospitals, said sources in the know. READ MORE
2:06 PM
LIC sells over 2% stake in Power Grid for Rs 3,079 crore in 5 months
The Corporation's shareholding in Power Grid Corporation diluted from 36,99,02,170 to 23,01,82,028 equity shares decreasing its shareholding from 5.303 per cent to 3.3 per cent of the paid-up capital of the said company, LIC said in a regulatory filing. READ MORE
1:57 PM
Asian Markets Update:: Hang Seng, Kospi and Taiwan fall around 2% each
Source: Yahoo Finance
1:45 PM
BSE 500:: Top gainers so far
Tanla Platforms up 7 per cent was the top gainer among the BSE 500 stocks so far on Thursday. It was followed by Tata Tele Maharashtra, Rites, Cochin Shipyard and Mazagon Dock, up 3-5 per cent each. VIEW MORE
1:36 PM
Ugar Sugars soars 12% on heavy volumes; stock spikes 165% in a year
"The short-term outlook for sugar looks to be reasonably good on account of stable domestic prices, good export of sugar, and diversion to Ethanol. However, the ethanol supply and exports prove to be a silver lining for the industry in the years to come," Ugar Sugar said. READ MORE
1:24 PM
WATCH :: Tamal Bandyopadhyay on India's bid for inclusion in the global bond index
1:15 PM
BS Masterclass :: How to select an equity fund?
1:05 PM
Zoomcar Holdings to go public via merger with Innovative International
Zoomcar was founded in 2013 by Greg Moran, who is now chief executive officer, and David Back, who is no longer with the company. The platform has more than 3 million active users, with over 25,000 vehicles registered by their owners. The company, which doesn’t own any of the vehicles rented through its platform, takes 40% of each transaction. READ MORE
12:55 PM
Passenger vehicle wholesales surge 92% in Sep on robust festive demand
As per the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler sales also rose 13 per cent to 17,35,199 units, as compared to 15,37,604 vehicles in September 2021. Motorcycle sales rose 18 per cent to 11,14,667 units, as against 9,48,161 units in September 2021. READ MORE
12:42 PM
September CPI inflation at 7.41 per cent: How analysts interpret the number
UBS
The unseasonal rains during early October may adversely affect the summer crop yields, thereby posing upside risks to food inflation in the near-term. We continue to expect headline CPI inflation to average 6.7 per cent YoY in FY23 and see RBI's policy outlook to be data dependent contingent on the Fed action, India's external sector risks and the lagged impact of monetary tightening on India's inflation and domestic growth outlook. In our base case, we expect the monetary policy committee (MPC) to raise the repo rate by another 35 basis points (bps) to 6.25 per cent in December 2022. READ MORE
12:32 PM
India's share in venture capital funding falls sharply; China surges ahead
India saw a decline in its share of total venture capital funding that went to Asia in Q3 calendar year (CY) 2022, compared to the previous quarter. On the other hand, China gained market share despite the internal crackdown on tech companies and apprehensions of PE funds. READ MORE
12:21 PM
Sectoral trends :: Pharma stocks rise in a weak market
12:12 PM
CURRENCY ALERT :: Rupee at day's low
Source: Bloomberg
Topics : Sensex MARKET LIVE MARKET WRAP stock market trading Indian markets Q2 results HCL Technologies Wipro Infosys MindTree Nifty US Inflation FII flows Crude Oil Price BSE NSE Market trends stocks to watch Buzzing stocks Adani Wilmar
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First Published: Oct 13 2022 | 8:05 AM IST