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.

12:46 PM

MSCI revision: CG Power, Bank Baroda look bullish on charts; avoid Biocon

In the recent review, Morgan Stanley Capital International (MSCI) added Bank of Baroda and CG Power and Industrial Solutions, while excluded Biocon from its India Index. MSCI evaluates its indices on a semi-annually and quarterly basis. READ MORE

12:37 PM

BSE 500:: Oil India, TTML, Glenmark among top gainers

Oil India up over 7 per cent was the top gainer among the BSE 500 stocks so far on Monday. It was followed by Tata Tele Maharashtra (TTML), Glenmark Pharma, Vaibhav Global and Esab India, up 4 - 5 per cent each.

12:26 PM

JSW Steel crude steel output surges 15% to 1.89 mn tonnes in January

JSW Steel on Monday reported a 15 per cent rise in crude steel production at 18.91 lakh tonnes in January. The company's crude steel production was at 16.46 lakh tonnes (LT) in January 2022, JSW Steel said in a regulatory filing. READ

12:10 PM

Natco Pharma jumps 4% on filing generic version of oncology drug in US

Shares of Natco Pharma jumped 4.5 per cent to Rs 549 per share in Monday's intra-day trade, after the company filed a generic version of an oncology drug in the US markets. In comparison, the S&P BSE Sensex dropped 0.6 per cent to hit day's low of 60,283 levels. READ

11:55 AM

Q&A: We expect a catch-up trade in Indian equities, says Prakash Kacholia

US payroll numbers released recently point to Goldilocks scenario: unemployment at 53-year low, and yet moderating wage gains, says Prakash Kacholia, MD, Emkay Global Financial Services. READ

11:49 AM

Info Edge slumps 10% on Rs 116 cr Q3 loss; writes-off invst in 4B Network

The losses in the recent quarter mainly accrued as the company wrote off its investment in property tech start-up 4B Networks. It had invested Rs 276 crore in the start-up as of September 2022. READ

11:35 AM

City Union Bank shares crash 13.5% after Q3 earnings dip on quarterly basis

City Union Bank shares crashed 13.5 per cent to Rs 138.4 on the BSE in the intra-day trade on Monday 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. READ

11:24 AM

OPINION: The Adani saga and what it means for Indian banks

Globally, for infrastructure projects, the construction risk is borne by the bond market; the banks step in at a later stage when they can smell the cash flow. READ

11:12 AM

Indian stock markets to continue underperforming EM peers: Morgan Stanley

Earlier in November 2022, Morgan Stanley had reiterated its stance on the Indian markets and said that the bull-run remained intact. Back then, they expected the Sensex to hit 80,000 levels by Dec '23. READ

11:02 AM

YES Bank, PolicyBazaar added to FPI cart in October-December quarter

YES Bank and PB Fintech (PolicyBazaar) saw the highest increase in stake by foreign portfolio investors (FPIs) during the October-December quarter (third quarter, or Q3) of 2022-23 (FY23). READ

10:52 AM

Balkrishna Industries tanks over 11% as Q3 profit plunges 68% YoY

Its revenue from operations increased marginally by around 6 per cent to Rs 2,165.57 crore in Q3 as against Rs 2,045.81 crore reported during the quarter ended December 2021. READ

10:40 AM

Oil India hits 8-month high on highest-ever quarterly profit in Q3FY23

Shares of Oil India rallied 8.5 per cent to hit eight-month high of Rs 242 per share in Monday's intra-day trade, after the company reported highest-ever quarterly profit of Rs 1,746.1 crore in the October-December quarter (Q3FY23) from Rs 1,244.9 crore, in the year-ago period. READ

10:29 AM

MARKET CHECK: Sensex extends losses, down around 350 pts

10:12 AM

Coforge slides 7% as over 7 million equity shares change hands on bourses

Shares of information technology firm Coforge slumped 6.7 per cent to Rs 4,039 apiece on the BSE in Monday's intra-day trade after 7.18 million equity shares, or nearly 10 per cent of total equity, changed hands on the BSE and NSE in early deals. On the National Stock Exchange (NSE), the stock hit an intra-day low of Rs 4,037. READ

10:02 AM

Glenmark Pharma jumps 5% post December quarter earnings

Shares of Glenmark Pharma surged over 5 per cent to a high of Rs 421 in an otherwise sluggish market, after the drug maker reported steady earnings for the quarter ended December 2022. READ