Sensex snaps 2-day winning run, slips 289pts; Nifty below 17100; banks fall

CLOSING BELL: Selling in heavyweights like SBI (down 2 per cent), HCL Tech, Infosys, Reliance Industries, HDFC Bank, HDFC, and ICICI Bank weighed on the benchmarks

3:40 PM

Nifty 50 Losers:: SBI, Bajaj Auto, HCL Tech decline over 1.5%

3:39 PM

Nifty 50 Gainers:: Hindalco, Maruti, Nestle advance over 1%

3:36 PM

Sensex 30 Heatmap:: 13 Gainers v/s 17 Losers

3:34 PM

CLOSING BELL:: NSE Nifty50 declined 75 points to 17,077

3:33 PM

CLOSING BELL:: S&P BSE Sensex ends 289 points lower at 57,925

3:25 PM

ICRA upgrades outlook on infra finance firms to 'positive' from 'stable'

The revised industry outlook reflects expectation that the enhanced performance witnessed in FY23 will continue in FT24. This is in backdrop of improved solvency profile, loan book growth in the near term and better asset quality and earnings profile, said ICRA in a statement. READ MORE

3:14 PM

No rerating yet for diagnostic players despite price hikes as margins fall

After December quarter results, which were a mixed bag, and muted near term outlook of listed diagnostics players, brokerages have cut their estimates for FY24. They expect volumes and realisations to be under pressure given weakness in Covid-adjusted test volumes and higher competitive pressures. READ MORE

3:05 PM

Global Check:: US, UK stock futures head north a day after Fed rate hike

Source: Investing.com

2:56 PM

FM Nirmala Sitharaman likely to meet CEOs of PSU Banks on Saturday

Finance minister Niramala Sitharaman is scheduled to meet managing directors of public sector banks on March 25 for performance review in the backdrop of failure of few banks in the US. READ MORE

2:44 PM

Star Cement soars 11%, nears 52-week high on heavy volumes

The long-term demand prospects remain positive given the government's thrust on the affordable housing and infrastructure segments, ICRA said. READ MORE

2:32 PM

BSE 500:: Hindustan Aeronautics, Vedanta, SCI among top losers

Hindustan Aeronautics down 4.9 per cent was the top loser among the BSE 500 stocks. Vedanta, Gujarat Ambuja Exports, Shipping Corporation of India, Saregama India and Page Industries down 3 - 4 per cent each were the other prominent losers so far on Thursday.

2:23 PM

US serves notice to Coinbase for allegedly breaking securities laws

The SEC gave Coinbase a "Wells notice" regarding an undefined portion of its listed digital assets, staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet after a cursory investigation. READ MORE

2:12 PM

NSE, BSE to put Adani Power under short term ASM again starting today

The move also comes close on the heels of the two exchanges moving Adani group stocks -- Adani Green Energy and NDTV -- from the second stage of the long-term ASM framework to Stage I on Monday. READ MORE

2:03 PM

Global Check:: Hang Seng shines, rallies over 2% among Asian peers

Source: Yahoo Finance

1:52 PM

Tega Industries rallies 8%, hits 52-week high on strong growth prospects

Last month, National Company Law Tribunal (NCLT) approved Tega's Resolution Plan for the acquisition of McNally Sayaji Engineering through Corporate Insolvency Resolution Process (CIRP). READ MORE