Sensex drops 221 pts day ahead of RBI decision; Adani Ent up 15%, Paytm 5%

CLOSING BELL: Adani Enterprises (up 15 per cent), Dr Reddy's Labs, Adani Ports, Kotak Bank, IndusInd Bank, Bajaj Finance, Bajaj Auto, ONGC, JSW Steel, and Eicher Motors led the recovery

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Broader markets largely finish in red

3:39 PM

Nifty 50:: Tata Steel, Hindalco top losers chart

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Nifty 50:: Adani Enterprises lead gainers chart; Dr.Reddy's, Adani Ports also shine

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Sensex 30 Heatmap:: 9 Gainers v/s 21 Losers

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CLOSING BELL:: Nifty 50 settles at 17,722, down 43 points

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CLOSING BELL:: S&P BSE Sensex ends 221 points lower at 60,286

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Earnings Alert: Ambuja Cements Q3 jumps 46%; stock up 2%

Ambuja Cements posted a 46 per cent growth in Q3FY23 net profit at Rs 368.99 crore for the quarter ended December 2022 as against Rs 252.81 crore in Q3FY22. Total income was up 11.8 per cent YoY at Rs 4,217.51 crore.

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Japan's SoftBank Group logs $5.9 bn loss as tech investments tumble

SoftBank Group Corp. racked up a 783 billion yen (USD 5.9 billion) loss for the fiscal third quarter, a reversal from the 29 billion yen profit recorded the same period a year ago. READ MORE

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Balaji Amines slips 6%, hits 52-week low on disappointing Q3 results

Shares of Balaji Amines hit a 52-week low of Rs 2,161.35, falling 6 per cent on the BSE in Tuesday's intra-day trade, after the company reported a weak operational performance in the December quarter. The consolidated earnings before interest, tax, depreciation, and amortisation (Ebitda) declined 582 bps to 22.14 per cent, with the company attributing the fall in operating margin to de-growth in pharma and API sector. READ MORE

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NABARD aims to raise Rs 3000-5000 cr in debut green bond issue: Report

India's National Bank for Agriculture and Rural Development (NABARD) plans to raise funds by issuing its first-ever green bonds and could tap the market this month, three bankers aware of the development told Reuters on Tuesday. READ MORE

3:05 PM

Earnings Alert: Alphageo reports turnaround in Q3; stock soars 7%

Alphageo (India) reported a net profit of Rs 11.06 crore for the quarter ended December 2022 as against a net loss of Rs 2.28 crore in Q3FY22. Total income surged 51.6 per cent YoY to Rs 23.93 crore.

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Paytm gains over 11% in last 2 days on early breakeven; should you buy?

One97 Communications (Paytm) declared very encouraging results for October-December quarter of the 2022-23 financial year (Q3FY23, beating its own guidance in terms of going earnings before interest, tax, depreciation and amortisation or Ebitda-positive. According to the management, Paytm was expecting to achieve breakeven only in the Q2 of FY24 whereas it has managed this (if we exclude ESOP pay-outs) three quarters early. READ

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ONGC to explore investing in Argentina gas assets: Chairman Arun Kumar

India's state-run Oil and Natural Gas Corp Ltd will explore investing in gas assets in Argentina, its chairman said on Tuesday. READ

2:41 PM

How an easy govt timeline on green hydrogen provides a breather to Adani

Of the myriad projects across infrastructure and energy for which the Adani Group has plans, those for green energy are at their most nascent stage. If the crippling of its market cap last week forces the group to cut back on the scale or extend the timelines of its projects, plans to scale up production of green hydrogen could well be the easiest to clip. READ

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BSE IPO index up 0.7% as Adani Wilmar, Rainbow Children's Medicare rise up to 5%