Sensex zooms 910 pts as financials defy Adani rout; Nifty ends above 17,850

Closing Bell: On the Nifty, Adani Ports closed in green after two days with a firm gain of 6 per cent., while Adani Enterprises erased over 50 per cent of its day's losses to close 2 per cent down

2:45 PM

Divi's Lab sinks 13%, hits 29-month low as Q3 profit falls more than expected

Shares of Divis Laboratories tanked 13 per cent to hit a 29-month low of Rs 2,830 on the BSE in Friday’s intra-day trade as the company posted weak results for the December quarter (Q3FY23) disappointing investors. READ MORE

2:36 PM

Market Check:: Sensex at day's high, up 800 points

2:32 PM

ALERT :: Adani Enterprises turns positive, off more than 50% from lows

2:29 PM

ALERT :: Total Energy says Adani exposure is 2.4% of capital employed, reports Bloomberg

>> French energy firm has gas, renewables partnerships with Adani

>> TotalEnergies has employed $3.1 billion of capital in Adani as of December 2022.
 

2:24 PM

Budget 2023: 20% TCS may take sheen off investments in foreign stocks

A post-pandemic pickup in direct investment in international stocks is set to take a hit after the Budget introduced a 20 per cent tax collection at source (TCS) for money sent out of India using the Liberalised Remittances Scheme (LRS). READ MORE

2:14 PM

ALERT :: Recent developments may reduce Adani grp's ability to raise capital, says Moody's

>>Developments may reduce the ability to raise capital to fund committed capex & refinance maturing debt

 

>> Rated entities do not have significant maturing debt until FY25

2:11 PM

No near term respite for Jubilant FoodWorks, stock down 11% over 2 sessions

The stock of the country’s largest listed quick service restaurant (QSR) company, Jubilant FoodWorks is down 11 per cent over the last two trading sessions. Double digit cuts in operating profit and earnings per share estimates for FY24/25 on disappointing December quarter results and muted near term outlook led to the correction in the stock price. READ MORE

2:03 PM

Dubious distinction: AEL first to cancel share sale after full subscription

Adani Enterprises (AEL) on Wednesday became the largest company in India to withdraw its share sale. The company, however, joins 29 others to have withdrawn their initial public offering (IPO) or follow-on public offering (IPO) since 2003. READ MORE

1:55 PM

BSE 500:: Adani Group, Divi's Lab, Welspun Corp among top losers

Adani Enterprises down nearly 12 per cent was the top loser among the BSE 500 stocks. Divi's Lab, Adani Transmission, Adani Green and Welspun Corp down 10 - 11 each were the other major losers so far on Friday.

1:45 PM

Britannia to opt for promotional offers instead of price cuts: Varun Berry

Britannia Industries will not reduce the maximum retail price of its products but will opt for promotions instead, even as commodity costs are declining, Varun Berry, executive vice chairman and managing director of the biscuit major, told investors on a post-earnings conference call. READ MORE

1:37 PM

Earnings Alert: Bank of Baroda Q3 net jumps 75%; stock up 2%

Bank of Baroda reported a 75.3 per cent surge in Q3 net profit at Rs 3,852.74 crore for the quarter ended December 2022 as against Rs 2,197.03 crore in Q3FY22. Total income grew 32.3 cent YoY to Rs 27,092 crore from Rs 20,482 crore. READ MORE

1:28 PM

Global Check:: Hang Seng, Shanghai underperform in Asia trade

Source: Yahoo Finance

1:18 PM

Very bullish on India, says Apple CEO; describes country as a major focus

Apple CEO Tim Cook has said he is very bullish on India and described the country as a major focus and "hugely exciting market where the technology giant is putting a significant amount of energy through investments, retail and online presence. READ MORE

1:11 PM

BSE 500:: Mahindra Life, Mahindra Holiday, Titan among top gainers

Mahindra Life up 7.4 per cent was the top gainer among the BSE 500 stocks so far on Friday. It was followed by Aavas Financiers, Titan, Mahindra Holiday and Team Lease Services, up 4 - 7 per cent each.

1:01 PM

ALERT: Divi's Labs Q3 PAT falls 66% YoY; stock slumps 9%

Consolidated profit after Tax (PAT) for Q3 comes at Rs 307 crore as against Rs 902 crore for the corresponding quarter of last year.