Business Standard

Tuesday, December 24, 2024 | 06:11 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

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%

9:08 AM

Pre-Open Session :: Sensex settles flat

9:03 AM

Rupee Opening :: INR opens 58 paise weaker against USD

>> Rupee opens at 82.41/$ vs Friday's close of 81.83/$

9:00 AM

Adani-hit Nifty ETFs unlikely to lose incremental flows to other indices

The presence of two Adani group stocks in the Nifty 50 index has weighed on its performance, leading to a lag vis-a-vis the Sensex, which has no presence of stocks from the crisis-hit group. READ MORE

8:56 AM

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

8:54 AM

Street Signs: The VIX vaporub for markets

"From a volatility perspective, the post-Budget Indian VIX has declined considerably below 15, notwithstanding large index moves. We believe the Nifty is trying to form some base near 17,500 levels. Since most results from index heavyweights are out, along with crucial events, markets are likely to stabilise near current levels. Further acceleration is likely if the Nifty sustains above the 17,800 mark," said a note by ICICIdirect. READ MORE
 
8:51 AM

Equity conversion may be Vi's near-term helpline

To achieve operating profit the company will have to expand its customer base, raise tariffs which could translate to higher market share and average revenues per user. READ MORE

8:48 AM

BS Poll :: Repo rate may go up 25 bps before a pause

The Reserve Bank of India’s (RBI’s) Monetary Policy Committee (MPC) is likely to announce a 25-basis-point (bp) increase in the repo rate on Wednesday, in a bid to bring inflation closer to the central bank’s target of 4 per cent, according to economic experts. READ MORE

8:46 AM

ITC Q3 PAT up 12% to Rs 5,031 cr, declares interim dividend of Rs 6/share

ITC Ltd, on Friday, announced a 12 per cent increase in net profit to Rs 5,031.01 crore for the December 2022 quarter. This compares to a net profit of Rs 4466.06 crore in the previous year, ITC informed in a stock exchange filing. READ MORE
8:45 AM

SBI Q3 result: Net profit soars 69% YoY to Rs 14,205 crore

ndia's biggest government-owned lender, State Bank of India (SBI), reported a 68.5 per cent year-on-year surge in net profit for the October-December quarter of financial year 2023 (Q3FY23). The bank reported standalone net profit of Rs 14,205 crore in Q3FY23, its highest ever in a quarter, as against net profit of Rs 8,432 crore in Q3FY22. READ MORE
8:43 AM

Uttar Pradesh discom scraps Adani's Rs 5,400-crore smart meter bid

UP discoms — including Madhyanchal, Dakshinanchal, Purvanchal and Paschimanchal — representing different regions, had floated tenders for the supply of more than 25 million smart meters. The combined bid value was estimated at Rs 25,000 crore. READ MORE

8:40 AM

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

Going ahead, FPI flows are expected to remain volatile as Indian equities continued their large underperformance compared to global markets, Shrikant Chouhan, Head of Equity Research(Retail), Kotak Securities, said. READ MORE

8:36 AM

ALERT :: Standard Chartered stops accepting Adani Group's bonds, says report

>> According to The Economic Times, Standard Chartered has stopped accepting Adani Group firm bonds as collateral on margin loans.

>> The lender has asked its clients to top up their collateral for any shortfall.

>> The move comes after Credit Suisse, and Citigroup's wealth unit took similar decisons last week.
8:33 AM

Stocks to Watch: SBI, Vodafone Idea, Paytm, ITC, IndiGo

SBI: India's biggest government-owned lender, State Bank of India (SBI), reported a 68.5 per cent year-on-year surge in net profit for the October-December quarter of financial year 2023 (Q3FY23). The bank reported a standalone net profit of Rs 14,205 crore in Q3FY23, its highest ever in a quarter, as against a net profit of Rs 8,432 crore in Q3FY22.
 
Vodafone Idea: The Centre on Friday approved the conversion of the telco’s dues linked to interest on spectrum and adjusted gross revenue (AGR) worth Rs 16,133 crore into equity. With this, the government will have a 33 per cent stake, making it the biggest shareholder in the financially-stressed telecom. This has removed an overhang on the company while large fund infusion from promoters/investors will be crucial to repay near-term dues and sustain investments. READ MORE

8:30 AM

Traders can adopt sell-on-rise strategy on Bank Nifty, says Ravi Nathani

Nifty
 
The Nifty Index, at present, is exhibiting upward momentum, however, this trend may soon encounter formidable resistance in the form of a range between 18,100 to 18,200.
 
In the event that the Index is able to successfully negotiate this obstacle and close above the aforementioned range, there is a likelihood of a prolonged upward trajectory towards the levels of 18,450 to 18,700. READ MORE

8:26 AM

Fund Flow :: DIIs buy equities worth Rs 1,264.74 crore on Friday

Don't miss the most important news and views of the day. Get them on our Telegram channel

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