Sensex dips 124 pts, smallcaps shine; Paytm cracks 9%, Tata Motors up 2%

CLOSING BELL: HCL Tech (down 2.7 per cent), Tata Steel, Reliance Industries, Wipro, ITC, ICICI Bank, Infosys, and HUL were top Sensex losers

3:38 PM

Nifty 50 Gainers:: Tata Motors jumps 2%; UPL, Cipla shine

3:36 PM

Sensex 30 Heatmap:: 12 Gainers v/s 18 Losers

3:35 PM

CLOSING BELL:: Nifty 50 settles at 17,857, down 37 points

3:33 PM

CLOSING BELL:: S&P BSE Sensex ends 124 points lower at 60,683

3:25 PM

Global Check:: US, UK stock futures down up to 1%

Source: Investing.com

3:19 PM

Sebi probing Adani's links with investors in aborted $2.5 bn FPO

The watchdog is investigating relationships between Adani and at least two Mauritius-based firms -- Great International Tusker Fund and Ayushmat Ltd. -- which participated as anchor investors, among others, said the sources, who spoke on the condition of anonymity due to the confidential nature of the probe. READ MORE

3:17 PM

ALERT :: MSCI on Adani Group stocks

3:12 PM

Sun Pharma gets US health regulator nod to market generic medication

The company has received final approval from the US Food and Drug Administration (USFDA) for the generic lenalidomide capsules in multiple strengths, Sun Pharma said in a statement. READ MORE

3:05 PM

A slow turn in EV sales as investor funding, state subsidies continue

Electric vehicle (EV) sales in the country have declined for two months in a row as the government increases subsidies. EV’s share in total vehicles sold slipped from 6.3 per cent in December 2022 to 5.5 per cent in January 2023. The slowdown comes after rapid growth compared to the period before Covid-19. READ

2:58 PM

How have the home loan EMIs changed since RBI's repo rate hike in May 2022?

On Wednesday, the Reserve Bank of India (RBI) increased the repo rate by 25 basis points, taking it to 6.5 per cent. Since May 2022, the repo rate has been hiked by 250 basis points. One basis point stands for 0.01 per cent. READ

2:51 PM

ALERT :: Tata Motors rises 2% on report that it has hiked price of Tiago EV variant by Rs 20,000

2:46 PM

MSCI cuts HCL Tech's weightage; stock trades as top loser on Sensex, Nifty

Shares of HCL Technologies slipped 3.3 per cent to Rs 1,108.55 on the BSE in Friday's intra-day trade on profit booking as the weightage of the information technology (IT) firm has been reduced by 0.2 basis points in the MSCI index. The changes come into effect on March 1, 2023. READ

2:39 PM

ALERT :: Russia plans to cut March oil output by 5 lakh bpd, reports Bloomberg

2:28 PM

Earnings Alert: RateGain Tech Q3 net jumps to Rs 13.23 cr; stock soars 5%

RateGain Travel Technologies reported a net profit of Rs 13.23 crore for the third quarter ended December 2022 as against Rs 85 lakh in the corresponding quarter a year ago. Total income surged 37.9 per cent YoY to Rs 138.85 crore from Rs 100.70 crore.

2:18 PM

BSE 500:: Paytm, Adani Group, Fine Organic among top losers

Paytm down over 8 per cent was the top loser among the BSE 500 stocks. Fine Organic, Adani Total Gas, Adani Transmission and Adani Green down 5 each were the other major losers so far on Friday.