Sensex ends 147pts lower at 59,958; Nifty50 below 17,900; RIL declines 2%

CLOSING BELL: Broader markets, too, were subdued in trade as Nifty SmallCap 100 and Nifty MidCap 100 indices slipped up to 0.2 per cent

1:07 PM

15 mn Bitcoin stagnant in past 6 months amid cryptocurrency winter

In a significant concern for many in the cryptocurrency community amid the deepening crypto winter, the total amount of inactive Bitcoin (BTC) for at least six months has grown to over 15 million. READ MORE

12:55 PM

Maruti Suzuki launches 5-door, 4-wheel drive Jimny at Auto Expo 2023

Maruti Suzuki on Thursday launched its 5-door Jimny at the Auto Expo 2023. The car is expected to go on sale in India by mid-2023 and will be made in the company's Gurugram plant. The bookings for the car were opened by the company today. Read here

12:44 PM

Stock of this SME plastic products maker has zoomed 100% in 15 trading days

Shares of Captain Pipes were locked in upper circuit for the second straight day, up 10 per cent at Rs 602, also its new all-time high on the BSE on Thursday at 12:02 PM; in an otherwise weak market, after the company announced bonus issue and stock split plan. Read here

12:34 PM

MARKET CHECK: Sensex off day's low, down 250 pts

12:15 PM

Aviation watchdog to seek report from SpiceJet on incident at Delhi airport

Aviation watchdog DGCA will seek a report from SpiceJet on an incident at Delhi airport this week where passengers of a Bengaluru-bound flight had to wait for a long time at the aerobridge. Read more

12:03 PM

Tech view: Check key levels on Sensex, Nifty as trend remains indecisive

Domestic market has been remained non-direction lately, particularly after the recent speeches of the US Federal Reserve Chairman presenting no clear signals of easing interest rates. In his latest speech, the Fed Chairman Jerome Powell stated stabilizing prices requires tough decisions that can be unpopular politically. Read more

11:49 AM

Goldiam Int'l soars 16% after Ashish Kacholia buys stake in Dec quarter

Shares of Goldiam International soared 16 per cent to Rs 167 in Thursday’s intra-day trade, after investor Ashish Kacholia bought stake in the company in the December quarter. In the past three days, the stock of integrated manufacturer and supplier of fine diamond jewellery zoomed 27 per cent. Read here

11:39 AM

Sah Polymers debuts on strong note; lists at 31% premium to issue price

Sah Polymers made a strong debut, with shares of the packaging company listed at Rs 85, a 31 per cent premium over its issue price of Rs 65 per share on the NSE and the BSE on Thursday. Read more

11:27 AM

US Inflation report for Dec could show another month of cooling prices

According to a survey by the data provider FactSet, analysts have predicted that consumer prices rose 6.5 per cent in December compared with a year earlier. READ MORE

11:20 AM

China saw the steepest fall in funding activity among global peers in 2022

India saw the second-highest fall in funding activity, down 33 per cent in 2022 from 2021, says Tracxn. READ MORE

11:11 AM

Rupee up 14 paise to 81.54 per dollar amid firm trend in domestic equities

Forex traders said sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias. READ MORE

11:01 AM

Varun Beverages extends fall on profit booking; stock slips 10% in 3 days

Any increase in GST/cess could adversely impact the consumption of carbonated drinks and other beverages, said ICICI Securities. READ MORE

10:48 AM

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

>> The US inflation data expected tonight will be market moving. If the December inflation data declines to 6.5% as the market expects with a 0.1% decline on a monthly basis, that can lead to the Fed downshifting its rate hiking with a 25 bp hike in February and then pausing. This can trigger a rally in equity markets. On the other hand, if inflation remains high, there can be a market sell off.  So watch out for this crucial data.

>> In India, FIIs continued their selling spree for the 14th straight session taking the cumulative selling to Rs 19795 crores, dragging the market down. An important lesson from market experience in 2022 is that despite FII selling of Rs 146048 crores Nifty went up by 4.3%. Therefore, even though FII selling can have a short term impact, that is unlikely to last. If incoming economic data turns out positive, domestic investors can trump FIIs like in 2022.

10:42 AM

Bilcare hits 5% upper circuit as Rekha Jhunjhunwala cuts stake to 0.1% from 6.3%

10:36 AM

CARE Ratings surges 7%, hits 52-week high in subdued market

In past one month, the stock has outperformed the market by surging 20 per cent, as compared to 3 per cent decline in the Sensex. READ MORE