ITC, RIL, ICICI Bank help lift Sensex 600 pts higher, Nifty above 17,900

CLOSING BELL: Sensex and Nifty indices snapped their 2-day losing run, ralling on Tuesday as supportive global cues, ease in WPI inflation, and healthy buying in heavyweights lifted sentiment.

11:02 AM

Adani Group tries to calm investors as Sebi confirms investigation

Seeking to calm investors, the conglomerate in a statement to Reuters said the balance sheet of each of its independent portfolio companies was "very healthy", adding it had secure assets and strong cashflows, with its business plans "fully funded". READ MORE

10:50 AM

Crypto, web3 sectors need global ties for effective regulation: FM

"By definition, these sectors are borderless and require significant international collaboration for any specific legislation on these sectors to be fully effective," Sitharaman said in a written reply in the Lok Sabha. READ MORE

10:39 AM

Info Edge: Investors must wait for sell-off to end before making new entry

Although Info Edge delivered good results in the October-December quarter of the 2022-23 financial year (Q3FY23), the management guidance flagged visible weakness in the IT segment. That seems to have spooked investors who downgraded valuations for a very highly-valued company. READ MORE

10:25 AM

Equity investors remain bullish on metal and mining stocks, shows data

There has been a sharp contraction in the earnings of metal and mining companies in the past two quarters, but equity investors continue to bid for the share price of companies in the sector, expecting a quick turnaround in their earnings trajectory in the next few quarters. This has driven a wedge between companies’ earnings and their market capitalisation (m-cap). READ MORE

10:13 AM

Reliance Jio aims for 100% 5G coverage by December

Currently, Reliance Jio offers 5G services in 240 cities. Jio currently has a total subscriber base of 423 million READ MORE

10:02 AM

Zee Entertainment dips 4%, nears 52-week low on weak Q3 results

ZEE’s overall revenues grew 6.7 per cent year-on-year (YoY) at Rs 2111.2 crore. Domestic advertisement revenue dropped 16 per cent, while overall expenses climbed more than 10 per cent to Rs 1,872 crore. The company said advertisement revenue YoY growth impacted due to FTA withdrawal (Zee Anmol) and slowdown in FMCG spends due to challenging macro-economic environment. READ MORE

9:48 AM

Comment :: 'India's underperformance is striking'

India’s underperformance in 2023, so far, is striking. We have underperformed both developed markets like US and Europe and large emerging markets like China, Hong Kong and South Korea. Investors may exercise caution and wait patiently for this underperformance phase to play out.

Views by: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

9:37 AM

Top BSE losers at this hour; Allcargo slides over 12% post Q3 results

9:35 AM

Top BSE gainers at this hour; OIL extends rally

9:33 AM

Brigade Enterprises down 1% post Q3 numbers

Healthy demand and better price-realisation helped the company log 31 per cent YoY sales of housing and commercial properties worth Rs 2,618.5 crore during the first three quarters of 2022-23 fiscal. Besides, the average sales realisation grew 5 per cent to Rs 6,616 per square feet from Rs 6,298 per square feet.

9:30 AM

IRB Infrastructure dips 1% on profit booking; co reports 95% YoY jump in Q3 net

The construction firm reported 94.49 per cent YoY jump in its consolidated net profit to Rs 141.35 crore from Rs 72.68 crore during the year-ago quarter. Total income, too, rose to Rs 1,570 crore, from Rs 1,497.78 crore in Q3FY22. The firm's expenses fell to Rs 351.72 crore from Rs 1,280.22 crore. 

9:28 AM

Zee Entertainment drops 3% on 92% slump in Q3 profit

While domestic advertisement’s revenue slipped 16 per cent, the overall expenses climbed over 10 per cent to Rs 1,800 crore. Total income, meanwhile, remained unchanged from last year at Rs 2,100 crore.

9:27 AM

Adani Group stocks crack up to 5%; Group reportedly hires Grant Thorton as auditors

9:24 AM

Nykaa declines 3% as profitability further erodes in Q3

The company posted a 70.7 per cent year-on-year (YoY) drop in consolidated profit to Rs 8.4 crore in Q3FY23 from Rs 29 crore in Q3FY22, on the back of investment and retail stores. Revenue from operations, however, rose around 33 per cent YoY to Rs 1,462.8 crore during the quarter.

9:22 AM

Broader market check :: Trend largely mixed across indices