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

12:56 PM

ALERT :: Fitch Ratings says no immediate impact on rated Adani Group Companies' credit

12:47 PM

WATCH: What’s next for the Adani group?

12:34 PM

Titan rallies 5% on hopes of healthy Q4 business outlook

Given strong execution, analysts at Emkay Global Financial Services, too, remain confident of the high-teens earnings trajectory for Titan in the medium term. READ MORE

12:19 PM

No extension to lower withholding tax triggers concern among FPIs: Report

Foreign portfolio investors (FPIs) are concerned that they may face a higher withholding tax after the current concessional tax rate regime ends by the end of June, The Economic Times reported Friday. READ

12:10 PM

Cognizant Q4 net profit down 9.6% YoY, meets annual guidance for FY22

Nasdaq-listed Cognizant on Friday reported its fourth quarter FY22 net profit at $521 million, down 9.5 per cent year-on-year. Revenue for the quarter increased 1.3 per cent at $4.8 billion in reported terms and it was up 4 per cent in constant currency. READ

11:58 AM

TCS, Persistent: Breakout in IT index may trigger up to 9% rally in stocks

Shares of Tata Consultancy Services, Infosys, HCL Technologies, Coforge and Persistent Systems are indicating chart structures that reflect resumption of their short-to-medium term upmove. READ

11:50 AM

TCS hits over 7-mth high; rises 4% in three days despite market volatility

Shares of Tata Consultancy Services (TCS) rose 1 per cent to hit an over seven-month high of Rs 3,498 on the BSE in Friday’s intra-day trade as investors turn to defensive stocks in a volatile market. READ

11:37 AM

MARKET CHECK: Sensex pares gains as metal, PSB, realty stocks deepen losses

11:29 AM

WATCH BS SPECIAL: How will the Adani-Hindenburg saga unfold?

11:20 AM

Amul hikes milk prices by Rs 2 per litre for all markets except Gujarat

Jayen Mehta, Managing Director of the federation, made it clear that the hike in milk prices is not applicable to Gujarat and the new rates are meant only for other markets, including Mumbai, Kolkata. READ MORE

11:10 AM

Strong growth in the services industry dipped slightly in January: Report

The South Asian nation's economy is expected to grow 6.0% to 6.8% next fiscal year, the government said this week, slower than the 7.0% growth projected for the current year. READ MORE

11:08 AM

DATA WATCH: Services PMI falls to 57.2 in January vs 58.5 in Dec

This was below Reuters estimate of 58.1.

11:01 AM

IndusInd Bank gains 5% as Hinduja looks to raise stake to 26% in lender

Hinduja group is planning to raise its stake in the private sector lender from 15 per cent to 26 per cent with an investment of Rs 10,000 crore. READ MORE

10:49 AM

Rupee gains 12 paise to 82.08 against US dollar on easing crude oil prices

The rupee gained 12 paise to 82.08 against the US dollar in early trade on Friday supported by easing crude oil prices and a positive trend in domestic equities. READ MORE

10:37 AM

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