Sensex ends choppy day 170 pts up, Nifty at 17,650; IT stocks lead gains

Closing Bell: Broader markets trailed gains in benchmark indices. The BSE Midcap and Smallcap indices closed up to 0.2 per cent lower

12:29 PM

Adani group's market rout hits $66 bn as fight with Hindenburg escalates

The Adani Group took another blow on Monday, with the stock rout growing to $66 billion and its dollar bonds sold as the fight with short seller Hindenburg Research escalated. Read more

12:17 PM

Sun Pharma nears 52-week high ahead of Q3 results; stock up 7% in a month

Shares of Sun Pharmaceutical Industries gained 2.5 per cent to Rs 1,069.40 in Monday’s intra-day trade and quoted close its 52-week high level ahead of the December quarter results (Q3FY23) due Tuesday, January 31, 2023. In comparison, the S&P BSE Sensex was down 0.24 per cent at 59,185 at 11:17 am. Read here

12:07 PM

Rail Vikas, Titagarh: Bullish trend in railway-related stocks may continue

Despite the domestic market witnessing rout in the last week, with the BSE Sensex and Nifty 50 plummeting 2.70 per cent and 2.80 percent, respectively, in the previous two sessions, shares of railway-related companies will be in the limelight ahead of the Union Budget. Read more

11:58 AM

OPINION: Adani strikes back at Hindenburg. But can he win the perception war?

Following the Hindenburg report, the Adani Enterprises Ltd. stock nosedived by nearly 20% over two trading days last week and closed at slightly above 2,761 rupees on Friday. In other words, the firm is asking investors to buy something from it that’s available in the market for less. Read here

11:49 AM

Rupee falls 10 paise to 81.69 against US dollar amid FPI outflows

The rupee depreciated 10 paise to 81.69 against the US dollar in early trade on Monday, weighed down by significant foreign fund outflows. Read here

11:40 AM

PRE-BUDGET COMMENT: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

>> A budget expectation this year is relief for income tax payers. The basic exemption limit of Rs 2.5 lakh crores was fixed in 2014 and, therefore, needs revision. Raising the exemption limit to Rs 4 lakh crores is likely. This relief is likely to be offered in the 'no exemption regime’ since the government wants this regime to take off.
 

>> Rationalisation of the capital gains tax regime is another expectation. The current system is complex with different tax rates and holding periods for different investments. This needs simplification.

11:32 AM

Sun Pharma firm in trade ahead of Q3 results on Tuesday

11:22 AM

Adani rebuttal to Hindenburg fails to stem concern, bond plunge quickens

Hindenburg said last week that it had taken a short position in Adani's companies through US-traded bonds and non-Indian-traded derivative instruments. READ MORE

11:15 AM

Union Budget likely to test govt's fiscal resolve ahead of 2024 elections

India will unveil its budget Wednesday, testing Prime Minister Narendra Modi’s fiscal mettle seen as key to boosting investor sentiment even as it will likely leave less room for handouts a year before he seeks a third term. Read here

11:08 AM

Infibeam gains 1% after payment brand gets access to process CBDC transactions

10:55 AM

Bajaj Finance surges 5% on record quarterly profit

The consumer financier reported its highest-ever quarterly profit at Rs 2,973 crore in Q3FY23, up 40% YoY, aided by a healthy rise in NII and drop in provisions and contingencies. READ MORE

10:45 AM

Genus Power surges 6% after it bags order worth Rs 2,855.96 crore

10:39 AM

Adani Green, Adani Trans, Adani Gas still in freefall; down up to 20%

10:34 AM

Borosil up 1% after the company started trial production from SG-3 solar glass furnace

10:22 AM

ALERT: No change to Adani's FPO pricing, will proceed as per schedule, says Group CFO

>> Adani Group CFO Jugeshinder 'Robbie' Singh told CNBC-TV18 in an interview that the FPO would proceed with the current pricing and the current timelines.