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

10:18 AM

Data Patterns surges 13% on strong Q3 results, healthy order book position

With the expectation of new orders in Q4, the management said the company is focused on improving execution effectiveness to promote operating leverage and maintaining a diversified order book. READ MORE

10:13 AM

Budget 2023-24: Centre to target higher capex but lower fiscal deficit

Budget 2023-24: The Centre is expected to peg the fiscal deficit target for FY24 below 6 per cent, and the capex is likely to jump 20-30 per cent. READ MORE

10:05 AM

MARKET COMMENT: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Today the market will be completely dominated by the movements in Adani stocks. The statement from Adani Enterprises that the FPO is on schedule and that there is no change in the price band is hugely important. This can be interpreted as a reflection of the confidence of the management in the success of the FPO. It is important to understand that the stock has limited public float. So, the price crash on Friday happened mainly due to shorting Adani stocks in general and Adani Enterprises in particular. One possibility is a big short-squeeze in the stock. Huge volatility is in store in Adani stocks today. The sustained selling by FPIs in January with a massive sell figure of Rs 5978 crores last Friday is a bit intriguing. Did the FPIs get wind of the storm blowing now? It is important to note that during the last 3 days while Nifty declined by 3.2 %, Bank Nifty declined by 6.3% on concerns of the Adani crisis impacting the banks. The correction in high quality private sector banks is a buying opportunity. Investors may wait for the dust to settle.

9:58 AM

Adani Enterprises zooms 10% post clarification, other group stocks mixed

Adani Ports and Special Economic Zone (Rs 658.45) and Ambuja Cements (Rs 419.25), too, were locked in their respective 10 per cent upper circuits. READ MORE

9:53 AM

Kajaria Ceramics skids 5% after 41% YoY drop in Q3's net profit

9:49 AM

Hi-tech pipes up 2% after net profit jumps 28% YoY in Q3FY23

9:45 AM

BEL declines 4% after net profit falls 2.02% QoQ in Q3FY23

9:42 AM

Tata Motors rises marginally after it hikes PV prices 1.2% from Feb 1

9:38 AM

Bajaj Finance climbs 3% after it clocks highest-ever quarterly profit in Q3

9:36 AM

Bajaj Finserv gains 2% ahead of Q3FY23 results

9:32 AM

SBI Life, HUL, Power Grid top Nifty50 losers

9:29 AM

Adani Ports, Adani Enterprises snap losses, turn top Nifty50 gainers

9:27 AM

Broader markets exhibit mixed trends; India VIX jumps 7%

9:25 AM

Nifty Metal, Nifty PSU Bank indices off to a decent start

9:23 AM

SENSEX HEATMAP: 14 out of 30 index constituents open in green