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Monday, December 23, 2024 | 07:52 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%

11:58 AM

Q3 Preview: Airtel's Q3 revenue may rise 19.7% YoY; Vi could face 6 mn subscriber exits

Telecom major Bharti Airtel is likely to report up to 19.7 per cent year-on-year (YoY) growth in revenue to Rs 35,750 crore in the December quarter (Q3FY23), pegged analysts. Vodafone Idea, on other hand, is likely to clock up to 10 per cent YoY growth in revenues to Rs 10,702 crore in Q3FY23. READ
telcos
11:43 AM

Damani's close associates buy 23 flats for Rs 1,200 crore in Mumbai: Report

23 luxury homes in a high-end residential project have been sold for Rs 1,200 crore in India's financial capital, Mumbai. The flats were bought by family, relatives and friends of DMart founder Radhakishan Damani, a report by the Times of India (TOI) said. READ
Madhukunj, Radhakishan Damani’s Rs 1,001-crore purchase
11:32 AM

P&G Health soars 15% after PAT jumps 71% YoY in December quarter results

Shares of Procter & Gamble (P&G) Health rallied 15 per cent to Rs 4,721.2 per share in Monday’s intra-day trade, after the company reported 71 per cent year-on-year (YoY) jump in profit after tax (PAT) to Rs 76.80 crore in the December quarter (Q2FY23). Higher PAT growth was supported by improved margin through portfolio premiumisation, healthy mix and optimization of expenses. READ
P&G Health surges 15% on robust performance in December quarter
11:15 AM

Govt to meet fiscal target in coming year, capex a longer shot, shows poll

The Indian government will meet its deficit target for the coming fiscal year, according to a Reuters poll of economists who were split on whether New Delhi would undertake all the capital spending it is planning, the most ever. READ
Budget 2023-24: Govt may go easy on capital expenditure growth in FY24
11:04 AM

Opinion :: Billionaire Gautam Adani's bonds are a soft target with hard assets

To bondholders, there’s a symbolism in the beleaguered billionaire’s Jan. 31 photo-op with the Israeli prime minister. The ambition that had propelled his odyssey from the Gulf of Kutch 25 years earlier was intact as he stood on the edges of the Mediterranean. But did he still have the ability to keep it all together? READ MORE

10:55 AM

WATCH: Will a dovish RBI bolster investor sentiments this week?

10:44 AM

FPIs register steepest outflow in 7 months at Rs 28,852 cr in January

Foreign investors pulled out Rs 28,852 crore from Indian equities in January, making it the worst outflow in the last seven months, primarily due to attractiveness of the Chinese markets. READ
Over the past three months, FMCG stocks have cornered the highest FPI flows at $1.7 billion, according to an analysis by IIFL Alternative Research.
10:34 AM

M&M Financial hits highest level since Mar 2020, soars 10% post Q3 results

Shares of Mahindra & Mahindra Financial Services (Mahindra Finance) hit over two-year high of Rs 267.30 on the BSE in Monday’s intra-day trade amid heavy volumes after the company reported healthy earnings for December quarter (Q3FY23). The performance during Q3 was characterized by further improvement in asset quality coupled with healthy growth in disbursements and asset book, the company said. READ
stock market, markets, brokers, trading, nse, bse, sensex, nifty, rally, coronavirus, covid, lockdown
 
10:25 AM

Sell-off in bank stks amid Adani fiasco provides good entry point: Analysts

The scathing attack launched by Hindenburg Research on Adani group has dampened sentiment across the banking pack as the group's Rs 2.1-trillion debt triggered repayment concerns among investors. Though analysts believe the sell-off in bank stocks is overdone since exposure of Indian banks to Adani group remains contained. READ
Adani-Hindenburg case: Pick quality bank stocks amid sell-off, say analysts
10:11 AM

ITC gains 2% to hit a new high on strong Q3 results; stock up 13% in a week

Shares of ITC gained 2 per cent to hit a new high of Rs 388.20 per share in Monday’s intra-day trade, after the tobacco-to-hotels major reported 23.4 per cent year-on-year (YoY) jump in net profit to Rs 5,007 crore in the December quarter (Q3FY23) from Rs 4,057 crore, in the same quarter last year. READ
FMCG
10:02 AM

MCX Gold likely to re-test Rs 58,000; Silver may drop to Rs 63,500

The MCX Gold and Silver futures seem to be placed on a divergent path currently following last week sharp fall. While Gold futures seem likely to retest the highs around Rs 58,000-mark, Silver futures are likely to extend losses in the coming trading sessions, indicate charts. READ
Photo: Unsplash/Jingming Pan
9:52 AM

Paytm soars 5% on narrowing Q3 loss to Rs 392 crore

The company had posted a net loss of Rs 778.4 crore in the same period a year ago. 
9:51 AM

DCB Bank jumps 5% as RBI allows DSP MF to raise stake in bank to 10%

The RBI has granted approval to DSP Investment Managers (DSPIM) to raise its stake to 9.99 per cent in the bank through the schemes of DSP Mutual Fund. The approval is valid for a period of one year that is up to February 2, 2024. Currently, DSP MF holds 4.23 per cent in the bank.
9:48 AM

Axis Bank gains around 2% on clarifying exposure to Adani group

The total outstanding of net advances to Adani Group is 0.94% as of December 2022. "We remain comfortable with our exposure to Adani Group," it says. 
9:42 AM

Adani Ports sole gainer among group stocks

Adani Power, Adani Wilmar, Adani Green, Adani Transmission were locked in their respective lower circuits. Adani Enterprises was down around 5 per cent. 

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