Sensex ends 303 pts higher fueled by Infosys, ICICI Bank; Nifty near 17950

CLOSING BELL: Within sectors, barring consumer durables, PSB and Metal indices on the Nifty logged in most gains, up over 1 per cent each, followed by IT and financial pockets

2:38 PM

BSE 500:: LTTs, GE Shipping, Bata India among top losers

L&T Technology Services (LTTS) down over 5 per cent was the top loser among the BSE 500 stocks. GE Shipping, Gujarat State Petronet, Bata India and Gujarat Gas, down around 3 each were the other prominent losers so far on Friday.
 

2:28 PM

Ind-Ra upgrades issuer rating for Bank of India, cites capital position

India Ratings and Research (Ind-Ra) has upgraded Bank of India’s (BoI) long-term issuer rating from “AA” from “AA+”, reflecting the state-owned lender’s capital position and operating buffer. READ MORE
 

2:18 PM

Sebi allows AIFs to participate in Credit Default Swap transactions

Regulator Sebi on Thursday allowed alternative investment funds (AIFs) to participate in the Credit Default Swaps (CDS) market as protection buyers and sellers in a bid to facilitate deepening of the domestic corporate bond segment. READ MORE
 

2:12 PM

Global Check:: Asian markets, barring Nikkei, log steady gains

Source: Yahoo Finance

2:04 PM

In a first, India among the top five ECM markets globally in 2022

India was among the top five markets, globally, in terms of equity fundraising despite the quantum of funds raised declining by 43 per cent. According to a report by Kotak Investment Banking, funds to the tune of $16.4 billion were transacted via equity capital market (ECM) activity in India in 2022. READ MORE
 

1:57 PM

Kolte-Patil Developers rallies 12% on highest-ever quarterly sales in Q3

The management said that this growth was achieved on the back of firm realisations and highest-ever quarterly sales volumes, which improved 102 per cent QoQ and 31 per cent YoY. READ MORE

1:50 PM

BSE 500:: ITI, Rail Vikas, MCX India among top gainers

ITI up nearly 6 per cent was the top gainer among the BSE 500 stocks so far on Friday. It was followed by Rail Vikas Nigam, MCX India, Mahindra CIE and Infibeam Avenues, up around 5 per cent each.

1:41 PM

Kamdhenu Ventures to list on stock exchanges this month: Group CMD

The paints division was separated from the steel business of the group last year for better management focus and operational flexibility, its CMD Satish Agarwal said, citing reasons for the demerger. READ MORE

1:32 PM

Q3 results preview: Cement sector profits seen weak despite strong sales

Acceleration in demand, together with marginal price hikes of about 2-3 per cent by cement companies in the October-December quarter (third quarter, or Q3) of 2022-23, may not be enough to cushion the impact of high input costs on the bottom line, reveal Bloomberg consensus estimates for the quarter. READ MORE

1:21 PM

Sensex 30 Heatmap:: Infosys, Tata Steel shine; Titan whines

1:15 PM

Barring Nifty Pharma, all sectors swim in the sea of green

1:05 PM

MARKET CHECK: Sensex wipes off early losses, gains over 200pts

12:56 PM

PM Modi to meet economists at NITI Aayog today ahead of Union Budget

Prime Minister Narendra Modi is scheduled to hold a meeting with economists at NITI Aayog on Friday, sources said. READ MORE

12:48 PM

Vodafone to hand over pink slips to "several hundred" employees: Report

This comes after Vodafone's November announcement of cost-saving measures worth $1.08 billion by 2026, in the wake of a deteriorating market outlook. READ MORE

12:37 PM

Rupee rises after benign U.S. inflation print, forward premiums jump

The Indian rupee rose against the dollar on Friday following another fall in the U.S. inflation rate, while forward premiums rose to their highest level in two months. READ MORE