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Monday, December 23, 2024 | 03:16 PM ISTEN Hindi

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Sensex snaps 5-day winning run, dips 335pts; Vi jumps 20%, Adani Ports 8.5%

CLOSING BELL: Among sectors, the Nifty Metal index fell 2.2 per cent, followed by the Nifty IT index (down 0.6 per cent), and the Nifty Bank index (down 0.3 per cent)

Image SI Reporter New Delhi
Sensex snaps 5-day winning run, dips 335pts; Vi jumps 20%, Adani Ports 8.5%

2:09 PM

Adani fiasco brings down India's weight in the MSCI emerging markets index

The brutal selloff induced by the report has not only had an impact on Gautam Adani's personal wealth but also reduced India's weighting in MSCI's emerging-market benchmark. READ MORE

MSCI rebalancing could see addition of three Indian stocks, two deletions

2:00 PM

BSE 500:: Adani Group, MCX, Engineers India among top losers

Adani Transmission down 10 per cent was the top loser among the BSE 500 stocks. Privi Speciality, MCX India, Adani Power and Adani Wilmar down 5 - 7 each were the other major losers so far on Monday. VIEW MORE

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1:52 PM

Indian banks' NIM to contract in FY24 as deposit costs rises: Fitch

Indian banks' net interest margin (NIM) will be under pressure in the next financial year ending March 2024 (FY24) as they increase deposit rates to get funds for supporting high loan growth, said Fitch Ratings on Monday. READ MORE

Finance ministry, state-run banks discuss 3-year strategic roadmap


1:43 PM

Global Check:: Hang Seng, Shanghai log significant losses

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Source: Yahoo Finance

1:35 PM

Earnings Alert: Tamilnadu Petroproducts Q3 net dips 46%; stock down 1%

Tamilnadu Petroproducts reported a 46.3 per cent drop in Q3 net profit at Rs 25.23 crore for the quarter ended December 2022 as against Rs 46.95 crore in Q3FY22. Total income, however, was up 13.7 per cent YoY at Rs 513.94 crore from Rs 452.19 crore.

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1:29 PM

Union Budget a silent strike on poor by Modi govt, says Sonia Gandhi

Former Congress president Sonia Gandhi on Monday said Union Budget 2023-24 is a "silent strike" on the poor by the Modi government and hits at the heart of all far-reaching rights-based legislation enacted during the UPA rule. READ MORE

Sonia Gandhi
1:18 PM

BSE 500:: Voda Idea, Indus Towers, Paytm among top gainers

Vodafone Idea up over 22 per cent was the top gainer among the BSE 500 stocks so far on Monday. It was followed by Indus Towers, P&G Healthcare, M&M Financial Services and Zydus Lifescience, up 8 - 14 per cent each. VIEW MORE

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1:09 PM

Indian Oil to sign MoU with LanzaJet for sustainable aviation fuel

Indian Oil Corp will sign a memorandum of understanding with sustainable fuel tech provider LanzaJet to produce sustainable aviation fuel at its Panipat refinery, its chairman told Reuters. READ MORE
gas

1:04 PM

Auto sales up 14% in Jan, helped by festive season, rural demand: FADA

Automobile retail sales grew 14 per cent in January year-on -year as festivals, weddings and more money in the rural economy helped demand, said an industry association on Monday. READ MORE
Indian PV makers, including Tata Motors, Mahindra & Mahindra (M&M), and Force Motors, have seen a cumulative jump of over 500 basis points

12:54 PM

Easy Trip Planners climbs 3% after net profit rises 4.1% YoY in Q3

12:48 PM

Patanjali Foods recovers 10% from low after over 20% fall in 8 trading days

In past one month, the stock was down 20 per cent after the government decided to discontinue import of crude soybean oil under tariff rate quota (TRQ). READ MORE
patanjali, coronavirus, ramdev

12:36 PM

Sebi seeks beneficial ownership details of foreign investors from banks

Foreign investors offloaded Indian equities worth Rs 288.52 billion ($3.51 billion) in January, data showed. READ MORE
Sebi

12:28 PM

RBI Preview :: 'RBI can be the first one to stop hiking them'

We believe that RBI will go slow with the rate hikes now since inflation is at 5.72% below the upper tolerance limit of 6%. The US Fed has also slowed its pace of interest rate hikes with a 25 bps hike recently. With a benign outlook on global inflation central banks across the world have now reduced their pace of rate hikes. RBI was amongst the first central banks to hike interest rate to tame inflation can probably be the first one to stop hiking them too. We believe that RBI will hike rates by another 25 bps in February meeting. This will push the rates to a seven year high of 6.5%. RBI will go with a wait and watch approach after this meeting and slowly shift focus on growth.

Views by: Apurva Sheth, Head of Market Perspectives & Research, SAMCO Securities
12:22 PM

IndiGo Q3: Focus on international destinations lifts outlook, say analysts

InterGlobe Aviation, the parent firm of IndiGo Airlines, reported a record net profit of Rs 1,422 crore in the October-December quarter (Q3) of financial year 2022-23 (FY23), prompting brokerages to increase their one-year target price on the company's stock. READ
indigo, airlines, aviation, flights, air craft
12:12 PM

Chaman Lal Setia Exports zooms 17% on strong Q3 operational performance

Shares of Chaman Lal Setia Exports (CLSEL) zoomed 17 per cent to Rs 155.2, hitting multi-year high on the BSE in Monday’s intra-day trade in an otherwise weak market, after the company reported a strong operational performance in December quarter (Q3FY23). READ
Basmati Rice

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First Published: Feb 06 2023 | 8:10 AM IST