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

12:22 PM

SBI has 'well-manageable' exposure to embattled Adani Group: CreditSights

CreditSights pointed out that the country's largest lender has a provision reserves buffer of around 338 billion rupees ($4.08 billion), or around 1% of net loans. READ MORE

12:11 PM

Varun Beverages rallies 7% on strong December quarter earnings

The strong recovery in demand post the pandemic and continued efforts towards expanding the distribution network across markets resulted in a 41% growth in consolidated sales volume in CY22. READ MORE

11:56 AM

Technical chart: Is this the right time to buy Vodafone Idea shares?

Back in 2012, when the stock climbed over the same average, the stock price doubled in three years. The 50-MMA has become a decisive indicator for the shares of Vodafone Idea. READ MORE

11:44 AM

MARKET CHECK: Sensex near day's low, down over 100 points

11:31 AM

Paytm hits over 3-mth high; surges 28% in 2 days on improved Q3 performance

Shares of digital financial services firm One97 Communications, which owns Paytm, hit over three-month high of Rs 669.60 as they zoomed 20 per cent on the BSE in Tuesday's intra-day trade. READ MORE

11:20 AM

Rupee gains 10 paise to 82.66 against US dollar on weaker greenback

The rupee appreciated 10 paise to 82.66 against the US dollar in early trade on Tuesday on the back of a positive trend in domestic equities and relatively weaker greenback. READ MORE

11:10 AM

Vedanta picks David Reed as CEO of its Gujarat semiconductor business

Reed began his career at Texas Instruments in 1984, where he served for 26 years. READ MORE

10:57 AM

Decoded: What exactly is a public float and why is it so important?

Shares held by non-promoters are called public float or public shareholding. READ MORE

10:43 AM

ONGC to reverse oil output decline; sees 18% jump in production in FY25

India's largest oil and gas producer ONGC will this year reverse years of decline in production and gradually raise output thereafter, as it invests dollars to produce from newer discoveries. READ MORE

10:29 AM

Adani Transmission, Adani Wilmar, NDTV snap 8-day losing streak, surge 5%

The promoters of the Adani group prepaid loans worth $ 1.11 billion on Monday, thus releasing the pledged shares in three key companies — Adani Green Energy, Adani Ports, and Adani Transmission. READ MORE

10:26 AM

Nifty FMCG slips 1%, losses led by ITC, Dabur

10:14 AM

Weak tea biz a drag on domestic sales performance of Tata Consumer Products

Weighed down by margin pressures in the international business Tata Consumer Products delivered a weaker-than-expected performance in the December quarter. Even on the sales front, the India beverages segment, the largest vertical in its portfolio, delivered a fall in revenues as compared to the year ago quarter. READ MORE

10:04 AM

India drops to third spot in MSCI EM index amid rout in Adani group stocks

With a weighting of 12.97 per cent, India is now ranked third after China and Taiwan which have a weighting of 33.49 per cent and 14.42 per cent, respectively, according to the factsheet released by the global index compiler. READ MORE

9:52 AM

MARKET CHECK :: Sensex down nearly 200 pts from day's high

9:46 AM

Tata Steel slips 5% on profit-booking after disappointing Q3 performance

The disappointing performance during the quarter was on the back of a sharp drop in realisations in Europe coupled with a non-cash deferred tax expense on account of British Steel Pension Scheme. “Profitability was affected by sharp drop in realisations and spreads in Europe,” Tata Steel said. READ MORE