Sensex snaps 4-day winning run, slips 150 pts; RIL gains 2%, Oil India 4.5%

CLOSING BELL: The Nifty IT, Bank, and FMCG indices dropped over 1 per cent each

SI Reporter New Delhi

BSE, sensex, market, shares, stocks, trading, brokers, investment, investors, growth, results, Q, earnings

3:25 PM

Global markets: US equity futures erase gains to turn flat

source: finance.yahoo.com

3:22 PM

Cloud, security to be priority even if recession hits US: Morgan Stanley

According to Morgan Stanley’s 2Q22 CIO survey, expectations for 2022 IT budget growth came in at 4 per cent (vs 4.2 per cent growth expected in 1Q22 and 4.1 per cent growth cited by CIOs for 2021). On the services side as well, 2022 IT budget growth expectations stood at 3.5 per cent, moderating for the third consecutive quarter), said the report. READ MORE

3:14 PM

Cabinet Meeting Outcome :: CCEA approves de-regulation of sale of domestically produced crude oil

>> Scheme to come into effect from Oct 1

3:11 PM

Tata Motors partners with Japan's Renesas to develop chip solutions

As part of the partnership, Renesas will also work with Tejas Networks, a Tata Group company, on wireless network solutions including 5G. Read here

The effect on car makers could spread beyond Japan to other auto companies in Europe and the United States because Renesas has around a 30% global share of micro control unit chips used in cars

2:57 PM

NMDC shareholders, creditors approve Nagarnar Steel Plant demerger: CMD

The demerger of NSP from NMDC is progressing, Mr Deb who was in the national capital, said. READ MORE

NMDC Chairman and Managing Director Sumit Deb

2:46 PM

European markets edge lower in trade

2:36 PM

GST Council okays mandatory registration waiver for small online retailers

The waiver, which is subject to certain conditions, will benefit about 120,000 small traders. READ MORE

The panel was expected to submit a report by last month and suggest various steps to raise revenue, including hiking the lowest slab and rationalising the slab

2:23 PM

MTAR Technologies hits 10-month low; tanks 52% from 52-week high level

A combined 1.55 million equity shares representing 5 per cent of the total equity of the company had changed hands on the NSE and BSE. READ HERE

Between December 2020 and February 2021, traders were supposed to maintain at least 25 per cent of the peak margin

2:11 PM

Mukesh Ambani readies succession plan; RIL stock may soar 24%, hit new high

According to the technical charts, the range of Rs 2,350 - Rs 2,150 on the stock is seen as a good area for bottom fishing. READ HERE

2:10 PM

BS Special :: What legacy Pallonji Mistry leaves behind?

1:53 PM

Sensex 30 Heatmap:: NTPC, RIL rally over 2%; IndusInd Bank, HUL slip over 2%

1:47 PM

S&P BSE Sensex rebounds into positive zone, gains 600 points from the day's low

1:40 PM

BSE 500:: Volume Shockers

Anupam Rasayan has witnessed unusually high volume of around 2.35 lakh shares so far on the BSE as against its five-day average volume of around 8,100-odd shares. Similarly, Alembic Pharma, Dhanuka Agritech, Chola Financial and MOIL have also witnessed a spike in volume in trades on Wednesday. VIEW MORE

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1:31 PM

Public sector banks request RBI on bond portfolios as yields harden

Senior treasury officials of some state-owned banks requested officials from the Reserve Bank of India (RBI) to provide dispensations regarding their bond holdings at an informal meeting on Friday, sources told Business Standard. READ MORE