Sensex, Nifty end flat amid late sell-off; IT, broader indices hold gains

CLOSING BELL: The BSE Sensex hit a fresh calendear year high at 61,682, before forfeiting most gains at close. Midcap, Smallcap indices gained nearly a per cent Thursday.

1:26 PM

Market Check:: BSE IT index up 1.7%; Tech Mahindra, LTTS prominent gainers

1:19 PM

Ambuja declared as preferred bidder for Uskalvagu limestone block in Odisha

Ambuja Cements Ltd, a part of Adani Cement on Thursday said it has been declared as the 'preferred bidder' for the Uskalvagu limestone block in Odisha. READ MORE

1:09 PM

Bharat Dynamics soars 11% after it signs 10 MoUs at Aero India 2023

Shares of Bharat Dynamics Limited (BDL) rallied 11 per cent to Rs 884.15 in Thursday’s intra-day trade, after the state-owned aerospace & defense company said that it has entered into 10 Memorandum of Understandings (MoU) with several foreign and Indian companies during the Aero India – 2023. READ MORE

12:56 PM

Nestle India Q4 profit up 65.5% to Rs 628 cr, sales up 14% to Rs 4,233 cr

FMCG major Nestle India on Thursday reported an increase of 65.50 per cent in its net profit at Rs 628.06 crore for the fourth quarter ended December 31, 2022. Net sales rose 13.95 per cent to Rs 4,233.27 crore during the period under review, as against Rs 3,714.86 crore in the corresponding period last fiscal, the company said. READ MORE

 

12:47 PM

BSE 500:: Bharat Dynamics, Tanla Platforms, PI Inds among top gainers

Bharat Dynamics up over 9.5 per cent was the top gainer among the BSE 500 stocks so far on Thursday. It was followed by Tanla Platforms, Solar Industries, PI Industries and Tejas Networks, up 6 - 9 per cent each.

12:38 PM

HDFC prices its biggest ever rupee bond issuance; to raise Rs 25,000 crore

HDFC is stepping up borrowing from notes because its merger with HDFC Bank Ltd. will make accessing the bond market more difficult. READ MORE

12:23 PM

PI Industries extends rally, soars 12% in two days on better growth outlook

The management is confident of delivering 20 per cent plus revenue growth with continued improvement in margins and returns. READ MORE

12:10 PM

Half of Nifty 50 stocks yet to reclaim Budget peaks, breadth stays fragile

Selective stocks like Bharat Petroleum Corporation, Divi's Laboratories, Hindalco Industries, Hero MotoCorp and State Bank of India, the technical charts are reflecting clear weakness. READ MORE

11:56 AM

ALERT :: Nestle India Board recommends final dividend for the year 2022 of Rs 75 per share

11:53 AM

Adani Power's Rs 7000 crore deal to buy DB Power assets falls through

Adani Power Ltd's Rs 7,017-crore deal to buy thermal power assets of DB Power has fallen after the initial pact expired. READ MORE

11:53 AM

Earnings Alert :: Nestle reports profit at Rs 628 crore, beats estimates

>> Revenue at Rs 4,257 crore

>> Ebitda at Rs 973 crore YoY

>> Ebitda margin at 22.9%

11:43 AM

Bharat Forge gains 2% after it signs MoU with Paramount group at Aero India 2023

11:28 AM

IT shares in focus; TCS hits 9-mth high; Tech Mahindra surges 11% in 2 days

Thus far in calendar year 2023, the Nifty IT index has outperformed the market by surging 10 per cent, as compared to 0.55 per cent decline in the Nifty 50. READ MORE

11:28 AM

ALERT :: Adani Enterprises calls hiring of Grant Thorton as 'market rumor'

We would like to clarify that the said news item appears to be a market rumour and hence it would be inappropriate on our part to comment on it, the company said. 

11:15 AM

Nifty IT index climbs 2%, led by Tech Mahindra, Mphasis