Sensex slips 168 pts led by HDFC Bk, RIL, Nifty below 17900; IT pack shines

CLOSING BELL: IT majors Tech M, HCL Tech, Infosys, Wipro and TCS were the top Sensex winners, which gained up to 3 per cent

2:33 PM

This packaged food company's share price has zoomed over 100% in 3 weeks

Shares of Lotus Chocolate Company (Lotus) hit a record high of Rs 209.90 as they were locked in the 5-per cent upper circuit band on the BSE on Monday. By comparison, the S&P BSE Sensex was down 0.10 per cent at 60,198 at 01:14 PM. Around 13,000 equity shares had changed hands and there are pending buy orders for 96,821 on shares on the BSE till the time of writing of this report, the exchange data shows. READ MORE

2:26 PM

NEWS ALERT:: KPI Energy inks 3 new PPAs, stock up 1%

According to a release issued by the company to the BSE, KPI Energy has signed new long-term Power Purchase Agreements (PPAs) for sale of 6.30 MW solar power to Heubach Colour, Sachin Paper Mills and Alembic Pharma.
 

2:16 PM

NEWS ALERT:: GPT Infraprojects wins Rs 216 crore order; stock soars 6%

2:06 PM

Bank of Maharashtra Q3 PAT jumps two-fold to Rs 775 cr due to asset quality

The Pune-based bank had posted a net profit of Rs 325 crore in the same quarter a year ago. The bank's total income increased to Rs 4,770 crore in the latest December quarter from Rs 3,893 crore in the year-ago period, BoM said in a regulatory filing. READ MORE

2:04 PM

BSE 500:: IPCA Labs, Just Dial, Sobha among volume shockers

IPCA Labs witnessed unusally high volume of around 2.04 lakh shares so far on the BSE as against its five-day average volume of around 2,850-odd shares. Similarly, Just Dial, Kotak Mahindra Bank, Sobha and Vinati Organics were among the other BSE 500 volume toppers on Monday.
 

1:51 PM

Consumer companies push deal activity to 25-year high in 2022, shows data

Consumer companies struck a record 645 deals - acquisitions, investments, and stake purchases - in 2022, the highest in a calendar year according to records stretching back 25 years to 1998. The total value of the deals was $18.4 billion, according to a Business Standard analysis of data from Bloomberg. READ MORE
 

 

1:42 PM

BSE 500:: PVR, Avenue Supermarts, Nykaa among top losers

PVR down over 4.5 per cent was the top loser among the BSE 500 stocks. Avenue Supermarts, Nykaa, Inox Leisure and Jindal Steel, down 3 -4 each were the other prominent losers so far on Monday.
 

1:33 PM

Global Check:: Asian markets trade on a mixed note

Source: Yahoo Finance

1:23 PM

What do IT results say about the sector’s future amid slowdown fears?

High attrition rates and fear of recession in western markets kept India’s IT sector on its toes last year. What do recent results of IT majors and their guidance say about the future of the sector? WATCH VIDEO
 

1:14 PM

No word from RBI yet on regulatory leeway for HDFC twins' merger

HDFC Bank has not yet heard from the Reserve Bank of India (RBI) on its request for certain regulatory relaxations ahead of the merger with HDFC, private lender’s Chief Financial Officer Srinivasan Vaidyanathan has said. READ MORE
 

1:06 PM

Just Dial freezes at 10% upper circuit as profit soars 3x in December qtr

In Q3FY23, Just Dial's Ebitda margin improved by 400 bps QoQ aided by growth in revenue to 12.3 per cent with an Ebitda of Rs 27.3 crore while adjusted Ebitda excluding ESOP was Rs 29.4 crore. READ MORE
 

 

12:53 PM

BSE 500:: Just Dial, UCO Bank, HEG among top gainers

Just Dial up 10 per cent was the top gainer among the BSE 500 stocks so far on Monday. It was followed by UCO Bank, Indian Overseas Bank, HEG and Varun Beverages, up around 5 - 8 per cent.

12:42 PM

Markets to shift to T+1 settlement system from January 27: Report

It would allow the buyers and sellers to get shares and money in their accounts one day after the trade takes place. READ MORE

12:31 PM

WPI inflation falls to 4.95% in December from 5.85% in previous month

Inflation in manufactured products was 3.37 per cent during the month. READ MORE

12:18 PM

UBL, CDSL: 5 oversold mid-, small-caps to bet on amid hopes of mkt reversal

Few oversold stocks have now reached their crucial levels that resulted in a robust breakout earlier. These are resilient cushions, with underlying strength capable of holding accumulative stance. READ MORE