Sensex sheds 844pts in late sell-off, Nifty breaks 17,000; IT index down 2%

CLOSING BELL: Sectorally, apart from the BSE IT index, which declined 2 per cent, the Consumer Durables, Metal and Realty indices were the other major losers

11:56 AM

Sugar shares trade higher in a weak market; Shree Renuka hits 11-year high

ICRA expects operating margins for sugar firms to remain in the range of 13.0 - 13.5 per cen in FY23 (in line with FY22 levels) supported by elevated sugar realizations as well as ethanol realizations. Read here

11:45 AM

Rupee depreciates 1 paisa to 82.41 against US dollar in early trade

The rupee slipped 1 paisa to 82.41 against the US dollar in the morning trade on Tuesday amid the strengthening of the American currency and sustained foreign fund outflows. Read more

11:31 AM

MARKET CHECK: Sensex off day's lows, down 200 pts

11:22 AM

TCS needs to breakout over Rs 3,150-level for fresh rally, chart says

There is an "Inverse Head and Shoulder" pattern getting established on the daily chart. Technically, this pattern breakout over Rs 3,150 levels would add aggressive bets on the stock. Read here

11:11 AM

As consulting firms enter tech, problems grow for Indian IT companies

European clients, which typically account for a quarter to a third of Indian firms' sales, are almost certain to cut their tech budgets - at least until the war in Ukraine comes to an end. Read here

11:02 AM

TCS to give full variable pay to 70 per cent employees in Q2FY23: Report

In Q2FY23, TCS saw an eight per cent year-on-year (YoY) jump in its net profit to Rs 10,465 crore, beating the estimates. Read here

 

10:53 AM

OECD releases global framework for exchange of info on cryptocurrencies

The exchange of information on cryptocurrency between countries will become automatic under the new framework propsed by OECD. Read here

10:46 AM

Automotive Axles rallies 5% as Cummins INC makes open offer to buy 26% stake

10:34 AM

India Cements to sell Springway Mining to JSW Cement; stock slips 6%

SMPL owns limestone bearing land at Pawai Tehsil, Panna District, and is in the process of setting up of a Cement Plant at Gaisabad Tehsil, Damoh District in Madhya Pradesh. READ MORE

10:20 AM

TCS flat in a weak market after Q2FY23 results beat street estimates

On Tuesday, the stock hit a high of Rs 3,144.55 and recovered 2 per cent from low of Rs 3,085.25. In comparison, the S&P BSE Sensex was down 0.32 per cent at 57,805 points. In the past five trading days, shares of TCS gained 5 per cent, as against 2 per cent rise in the benchmark index. READ MORE

10:10 AM

TCS Q2 result: Brokerages upbeat on margin improvement; macro risks remain

Jefferies | Hold | TP (Target Price) raised to Rs 3,180

 

The brokerage has raised its FY23-25 earnings estimate by 2-5 per cent. It expects the company to deliver a 12 per cent EPS CAGR over FY22-24. It added that TCS' premium valuations may limit its upside. READ MORE

10:01 AM

India Cements, Suzlon: Top losers on the BSE at this hour

9:51 AM

HCC, Jaiprakash Associates: Top gainers on the BSE at this hour

9:42 AM

Infosys gains nearly 1% as board to consider share buyback on Thursday

During the five-year period of fiscal 2020-24, Infosys expects to return approximately 85 per cent of the free cash flows generated through a combination of semi-annual dividends and / or share buyback and / or special dividends, subject to applicable laws and requisite approvals, if any. READ MORE

9:39 AM

MARKET CHECK :: Nearly 40 out of 50 stocks decline on Nifty