Sensex snaps 8-day losing streak, ends 449 pts up; Nifty reclaims 17,450

CLOSING BELL: IT, financial and metal shares led the market rally; Broader indices such as Midcaps and Smallcaps outperformed the benchmarks, while shares of Adani Group too finished on a solid note.

2:24 PM

European markets edge higher in early-deals

2:15 PM

BSE 500:: Sobha, La Opala RG, Britannia among top losers

Sobha down over 3 per cent was the top loser among the BSE 500 stocks. La Opala RG, Britannia Industries, Brigade Enterprises and PowerGrid Corporation, down 2 - 3 per cent each were the other notable losers so far on Wednesday.

2:06 PM

News Alert:: Sonata Software signs Mumbai Indians Women's T20 team

1:58 PM

Speeding up reforms: Madhabi Puri Buch's first year as Sebi chief

From overseeing India’s largest-ever public float to facing harsh criticism for not acting in the Adani affair, the first year in office for Madhabi Puri Buch as chairperson of Securities and Exchange Board of India (Sebi) has been anything but dull. READ MORE

1:49 PM

News Alert:: Ashok Leyland domestic Feb sales jump 32%

Source: BSE

1:39 PM

Bharat Dynamics jumps 5% on strong outlook; stock up 23% in 2 weeks

In the past two weeks, the stock rallied 23 per cent after the state-owned aerospace & defense company said that it has received export order worth $255 million. READ MORE

1:31 PM

What’s behind the GDP slowdown in Q3?

As expected, the GDP growth slowed down to 4.4% in Q3 FY23. The govt said that the GDP is estimated to grow at 7 per cent during 2022-23, against 9.1 per cent in 2021-22. What else do the figures say? VIDEO

1:22 PM

Global Check:: Hang Seng soars 3.9% in Asia trade

Source: Yahoo Finance

1:13 PM

News Alert:: Maruti Feb sales rise by 5%; exports down 28%

Maruti Suzuki reported a 5 per cent YoY rise in February 2023 total sales at 172,321 units as against 164,056 in February 2022. The growth was driven by domestic sales which rose 10.8 per cent, while exports declined 28.4 per cent.

1:06 PM

India's unemployment rate rose to 7.45% from 7.14% in January: CMIE

India's unemployment rate rose to 7.45% in February from 7.14% in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed on Wednesday. READ MORE

12:57 PM

News Alert:: Ahluwalia Contracts wins Rs 169 cr order; stock flat

The company informed BSE that it secured an order for Construction of Civil & Structural works for Data Centre Complex at Bhubaneswar, Orissa from Indian Financial Technologies and Allied Services (IFTAS) worth Rs 169 crore. The order inflow during the FY23 now stands at Rs 4,333.63 crore till date.

12:48 PM

BSE 500:: Adani Enterprises, Alok Industries, Rain Industries among top gainers

Adani Enterprises up 12 per cent was the top gainer among the BSE 500 stocks so far on Wednesday. It was followed by Alok Industries, Rain Industries, Poly Medicare and APL Apollo Tubes, up 6 - 11 per cent each.

12:36 PM

Equitas Small Finance Bank hits fresh 52-week high; stock up 38% in a month

Equitas SFB announced revised interest rates for Fixed Deposits as well as Recurring Deposits in Domestic, and NRE/ NRO Interest Rates Accounts. The hike in interest rates will be effective from March 1, 2023. READ MORE

12:24 PM

Metal index emerges as worst performer in Feb, recent rebound may not hold

Nifty Metal

Outlook: Double Top breakdown

 

Nifty metal index has broken a crucial support of 5,500 levels, implying more downside ahead. The immediate support exists at 5,000 and 4,800 levels. Only a move over 6,000 mark, which has now become a key hurdle for any shift in sentiment. The trend is downward, with every upside expected to be met with added selling pressure. READ MORE

12:12 PM

Will be able to raise the targeted $2 billion, says Vedanta Resources

The company has lost market valuation of 30 per cent in the last one year and 13 per cent since January 1 this year. Yields on the bonds of Vedanta Resources, the parent firm of the BSE-listed Vedanta, shot up to 39.8 per cent — showing investors’ rising concern over the group’s debt situation READ MORE