Sensex slips 251 pts ahead of inflation data; SBI, IT shares fall

CLOSING BELL: The NSE Nifty 50 ended 86 points lower; Broader indices log deeper cuts. Adani Group shares fall again.

3:45 PM

Buzzing stock :: Coforge slides 7% on heavy volumes

According to a Business Standard report, Barings Private Equity was looking to sell part of its 40 per cent stake in Coforge via block deals. The shares offered are worth Rs 1,300 crore, with a greenshoe option of equivalent value, taking the total deal size to Rs 2,600 crore.

3:44 PM

Buzzing stock :: City Union Bank crashes 16% as profitability deteriorates in Q3

City Union Bank shares crashed as the lender's profitability took a hit on a sequential basis in the December quarter. Private-sector lender City Union Bank, on Saturday, registered a net profit of Rs 217.83 crore for Q3FY23, down 21.2 per cent quater-on-quarter (QoQ) from Rs 276.5 crore in Q2FY23.

3:42 PM

Sectoral trends :: Nifty FMCG ends higher amid gains in ITC, VBL

3:41 PM

Sectoral trends :: Nifty IT index down 2%; Coforge slumps over 7%, Persistent Systems 3.4%

3:39 PM

Sectoral trends :: Nifty PSU Bank index cracks 2.5% dragged by Canara Bank, Bank of Maharashtra

3:38 PM

Broader markets :: Sea of red across the board; MidCap index underperforms the most

3:36 PM

Sector check :: Broad-based selling seen ahead of CPI inflation data; FMCG index bucks trend

3:35 PM

Sensex Heatmap :: SBI, Infy, TCS end as worst laggards

3:34 PM

CLOSING BELL :: Nifty gives up 17,800

3:33 PM

CLOSING BELL :: Sensex ends over 300 pts off day's high

3:26 PM

Earnings Alert :: Wockhardt reports net loss of Rs 100 crore in Q3 vs net profit of Rs 2 crore YoY

3:19 PM

Earnings Alert :: Heidelberg Cement India's Q3 net sinks 82% YoY to Rs 5.5 cr vs Rs 30.4 cr

>> Revenue flat at Rs 540.1 cr vs Rs 544.5 cr YoY

 

>> Ebitda falls 46% to Rs 37 cr vs Rs 68.4 cr YoY

 

>> Margin contracts to 6.9% vs 12.6% YoY

 

3:09 PM

Brigade Enterprises sells properties worth Rs 2,618.5 cr in Apr-Dec FY23

In its investor presentation, the company highlighted that it has "achieved sales value of Rs 26,185 million (Rs 2,618.5 crore) during 9 months of FY23, a growth of 31 per cent over 9 month of FY22". Its sales bookings stood at Rs 1,994.8 crore in the year-ago period. READ MORE
 

2:58 PM

ALERT :: Adani Electricity Mumbai makes dollar bond interest payment

>> Adani Electricity Mumbai Ltd., part of Gautam Adani’s embattled empire, has made an interest payment due Monday on a dollar bond, an Adani Group spokesperson said.

>> Adani Electricity Mumbai has made the coupon payment of $19.7 million as per schedule, the spokesperson said when asked about the status. 

>> The coupon was due by the end of the business day Monday in New York on the firm’s 2030 notes, according to the bond documents. 
 

2:55 PM

Fast food gets a lot slower: Downgrades to bite quick-service restaurants

After a muted performance in the October-December quarter (third quarter, or Q3) of 2022-23 (FY23), quick-service restaurants (QSR) are expected to have a bumpy ride in the near term, given softening demand outlook and margin headwinds. Most brokerages have revised their operating profit and earnings estimates for FY23 through 2024-25 (FY25) by up to 20 per cent. READ ANALYSIS