Sensex gains 327 pts in first session of 2023, Nifty nears 18200; RIL up 1%

Closing Bell: Among sectors, the Nifty metal index was the top performer of the day, which jumped 2.4 per cent after global brokerage Jefferies changed its stance on the sector to 'positive'

2:48 PM

Global Check:: UK stock futures rally up to 1.5%

Source: Investing.com

2:40 PM

BSE 500:: IndusInd Bank, MCX India, NCC among volume shockers

IndusInd Bank has witnessed unusally high volume of around 9 lakh shares so far on the BSE as against its five-day average volume of around 56,000-odd shares. Similarly, MCX India, NCC, Tata Communications and GMR Airports were among the other volume toppers on Monday.

2:30 PM

Gold may touch new high of Rs 62,000 this year on back of dollar weakness

Demand for gold as a safe-haven asset may rise due to geopolitical uncertainty and the looming risk of recession in 2023, say brokerages.  With central banks at the peak of their rate-hike cycle, gold will continue to attract investments. READ MORE

2:18 PM

BS poll: Rupee seen range bound, widening current account deficit a risk

The Indian rupee is expected to trade between 80 and 84 against dollar in the first three months of 2023 with support from overseas inflows though worsening current account deficit (CAD) and reduced interest rate differential between the US and India pose challenges. READ MORE

2:08 PM

Nifty Metal index rises 2% in an upbeat market, led by Tata Steel, SAIL

The Nifty Metal index was the top sectoral gainer, up over 2 per cent in trades today, after global brokerage firm Jefferies turned 'positive' on Indian metals. Since China started to ease Covid-19 policy, the support has started to ail their property sector, said analysts. READ MORE

1:58 PM

News Alert:: TVS Motor sales dip in December; stock slips

TVS Motor Company reported a 3.3 per cent decline in monthly sales in December 2022 at 227,666 units as against 235,992 units sold in December a year ago.

1:49 PM

News Alert:: Antony Waste Handling Cell wins Rs 80 cr order; stock up 2%

Antony Waste Handling Cell has won a word order for seven years from Pimpri Chinchwad Municipal Corporation worth Rs 80 crore.

1:39 PM

Global economy faces tougher year in 2023: IMF's Kristalina Georgieva

For much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the United States, Europe and China - all experience weakening activity, the head of the International Monetary Fund said on Sunday. READ MORE

1:29 PM

News Alert:: APL Apollo Tubes Q3 sales volume jumps 50% YoY

APL Apollo Tubes today informed BSE that it registered sales volume of 605,049 Ton in Q3FY23. This is the highest quarterly sales volume reported by the company. The sales volume for 9MFY23 was 1,630,120 Ton compared to 1,203,240 Ton last year, the release added.

1:19 PM

BSE 500:: MCX, Triveni Turbine, Punjab & Sind Bank among top losers

MCX India down 5 per cent was the top loser among the BSE 500 stocks. Triveni Turbine, Punjab & Sind Bank, Dr Lal Pathlabs and Bajaj Holdings, down 3 - 4 per cent each were the other notable losers so far on Monday.

1:08 PM

Business Standard CEOs poll: Capex tops India Inc's 2023 to-do list

Indian companies are planning to increase investments in the new year to expand capacity, acquire companies, and go on a hiring spree, a survey of top executives showed. They, however, cited rising costs, weak consumer demand, and increasing interest rates as major concerns for 2023 which may impact their plans. READ MORE

12:59 PM

News Alert:: Bharat Forge arm to buy SEZ unit of Indo Shell; stock up 1%

Bharat Forge today informed BSE that its step-down subsidairy J S Auto Cast Foundry has entered into Business Transfer Agreement with Indo Shell Mould for acquiring their SEZ Unit in SIPCOT, Erode. 

 

The SEZ Unit with a capacity of 42,000 MTPA, supplies fully machined critical castings to marquee customers in the automotive industry and will operate as the 3rd manufacturing unit of JS Auto. This takes the capacity at JS Auto to 1,42,000 MTPA, the release added.

12:49 PM

BSE 500:: NCC, IRB Infra, PNB Housing among top gainers

NCC up nearly 9 per cent was the top gainer among the BSE 500 stocks so far on Monday. It was followed by IRB Infra Developers, PNB Housing, IFB Industries and SAIL, up 6 - 8 per cent each.

12:39 PM

SC upholds demonetisation, says test of proportionality satisfied

The Supreme Court on Monday held the demonetisation of high-value currency notes in November 2016 valid. The Constitutional bench comprising justices S Abdul Nazeer, BR Gavai, AS Bopanna, V Ramasubramanian and BV Nagarathna said the notification for the exercise was valid and satisfied the test of proportionality. Justice Nagarathna, however, disagreed. READ MORE

12:28 PM

NCC soars 10% on orders win worth Rs 3,601 crore in December

Shares of NCC moved higher by 10 per cent to Rs 92.45 on the BSE in Monday’s intra-day trade amid heavy volumes after the company received 5 new orders aggregating to Rs 3,601 crore in the month of December,2022. Read more