Sensex falls 171 pts, Nifty holds 18,300; Dr.Reddy's down 4%, LIC jumps 6%

CLOSING BELL: The key benchmark indices gyrated in a narrow trading band on Monday, before settling with losses as FMCG stocks slipped.

1:37 PM

Crypto.com mistakenly sends Ethereum worth $400 mn to another exchange

Crypto.com CEO Kris Marszalek said in a tweet that the company was supposed to send 320,000 cryptos to one of its offline wallets, but accidentally sent it to a "whitelisted" address belonging to the corporate account at Gate.io. READ MORE

1:29 PM

BSE 500:: Top losers so far

Sun TV Network down 9 per cent was the top loser among the BSE 500 stocks. DCM Shriram, BHEL, Trident and New India Assurance were the other major losers, down 5 - 8 per cent each.

1:18 PM

Earnings Alert: Bharat Forge Q2 net slips 47.7%; stock down 3%

Bharat Forge on Monday reported a sharp 47.7 per cent decline in Q2FY23 consolidated net profit to Rs 141.56 crore as against Rs 270.45 crore in Q2FY22. Total income, however, grew 28.8 per cent to Rs 3,122.27 crore on a YoY basis.

1:05 PM

Global Check:: Mixed trend in Asia; Hang Seng, Taiwan gain; Nikkei slips

Source: Yahoo Finance

12:54 PM

Big shoes to fill for footwear firms as near-term margin worries bite

Results for listed footwear makers in the July-September quarter were a mixed bag. While revenue growth for most of the bigger players was strong, margins were weighed down by raw material costs, advertising expenses, and volume pressures. READ MORE

12:44 PM

BSE 500:: Top gainers so far

Medplus Health up 10 per cent was the top gainer among the BSE 500 stocks so far on Monday. It was followed by Krishna Institute of Medical Sciences (KIMS), Godfrey Phillips, Fortis Healthcare and Ircon International, up 7 - 8 per cent each.

12:34 PM

Stock of this auto ancillary company has doubled in just 5 months

Fiem has significant market share for supply of automotive lighting & signalling equipment's and rear view mirrors to Two-wheeler and Four-wheeler OEM’s. The company exporting automotive lighting to Honda Japan, Harley Davidson (USA & Thailand), Kubota Japan (Tractors & Farm equipment's) besides exporting to other OEM’s in Austria, UK, Germany, Thailand, Indonesia & Vietnam. The company has the first mover advantage and working with all major EV OEMs in India. READ MORE

12:26 PM

IndusInd, Ashok Leyland: Will Hinduja brothers; truce propel group stocks?

The Hinduja Group brothers settled a family dispute over the pack signed in 2014, which says “everything belongs to everyone and nothing belongs to anyone” by jointly agreeing to dissolve the said succession plan. The family dispute came to limelight when Srichand’s children complained of being sidelined from the group business and challenged the integrity of 2014 succession plan. READ MORE

12:16 PM

ALERT :: Core Inflation at 4.6% vs 7% MoM

12:12 PM

ALERT :: October WPI Inflation cools off to 8.39% vs 10.7% MoM

>> WPI inflation was estimated at 8.44%

>> WPI comes in at 19-month low

>> WPI in single digit for the first time since March 2021

>> Fuel and Power WPI falls from 32.61% to 23.17% MoM

>> Food inflation falls to 6.48% from 8.08% MoM

>> Vegetable inflation cools off to 17.61% vs 39.66% MoM

12:09 PM

Meghmani Organics in focus :: Stock sees sharp upswing on 5-year contract worth $100 million

>> The Company has signed a supply agreement with one of the leading Global Agrochemical Company for supply of specific agrochemical products for a period of 5 years. Total Agreement value is approx $100 million. 

11:57 AM

Q&A | Cautious on India despite looming liquidity tailwind, says UBS' Sunil Tirumalai

India’s valuations currently stand at about 100 per cent premium to EMs on a 12-month forward price-to-earnings basis – that is a 3.7 standard deviation from the historical mean. This premium is broad-based, with 17 of the 21 sectors trading at a premium relative to their history. READ INTERVIEW HERE

11:45 AM

Investors don't take a shine to gold exchange-traded funds, shows data

According to Value Research data, gold ETFs have delivered around 5.5 per cent returns in the one-year period ended November 11. However, their performance is still better than a majority of equity and debt funds that have struggled due to high inflation, rising interest rates, and geopolitical factors. READ MORE

11:32 AM

Cochin Shipyard soars 13% in 2 days on healthy order book

ICICI Securities remains positive on CSL led by strong earnings visibility considering healthy order backlog, expected pick-up in execution, and strong opportunities in ship-building segment. Read it here

11:21 AM

Kalrock Capital says raids on promoter will not impact Jet revival

'Florian confirms that neither Kalrock Capital Partners nor Jet Airways have any connection with these ongoing investigations, or the charges made thereunder'. Read more