Sensex snaps 2-day winning streak, ends 187 pts lower; Nifty50 below 18,150

CLOSING BELL: Broader markets, too, were subdued in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.4 per cent.

10:55 AM

Mahindra Lifespace surges 8% on foray into society redevelopment in Mumbai

Shares of Mahindra Lifespace Developers surged 8 per cent to Rs 374.50 on the BSE in Thursday’s intra-day trade in an otherwise weak market after the company said it forayed into society redevelopment space and will be developing two adjacent housing societies in the Santacruz suburb of Mumbai. Read more

10:45 AM

T+1 transition's final leg litmus test for foreign investors' heavyweights

The transition to a shorter T+1 settlement cycle will enter its final and most crucial leg next week. The remaining 200-odd stocks — representing large-caps and high-volume scrips — will be settled on a next-day basis, beginning January 27. Read more

10:33 AM

FM to present final Budget speech on Feb 1; here's all you need to know

Union Finance Minister Nirmala Sitharaman will present her government's last full Budget before the general elections in 2024. The Union Budget for FY24 will be Sitharaman's fifth-straight Budget. Read more

10:22 AM

Adani Enterprises hits 2-mth low, down 4% on setting FPO price at discount

Shares of Adani Enterprises (AEL) hit an over two-month low of Rs 3,463.50, down 4 per cent on the BSE in Thursday’s intra-day trade after the company set a price band of Rs 3,112-Rs 3,276 per share for its Rs 20,000-crore follow-on public offering (FPO). Read more

10:12 AM

Belying slowdown fears, Indian economy's animal spirits move to the right

India’s economy picked up speed in December as business conditions improved, marking a rebound for the South Asian nation that had showed signs of a slowdown the preceding month. Read here

9:59 AM

India among top 3 auto mkts in the world, yet faces shortage of EV buyers

Over 4 million four-wheel vehicles were sold in India last year, surpassing Japan and coming in behind China and the US. Read here

9:52 AM

Mahindra Lifespace rises 3% on bagging redevelopment project

The real estate and infrastructure development arm of the Mahindra Group has been selected as the preferred partner to redevelop two adjacent residential societies in Santacruz West. The project will offer Mahindra Lifespaces a revenue potential of around Rs 500 crore.

 

 

9:47 AM

Vedanta holds firm in weak trade; co to buy Meenakshi Energy for Rs 1,440 crore

Vedanta will acquire debt-laden power plant Meenakshi Energy for Rs 1,440 crore, the company said on Wednesday in a filing to the stock exchanges.

 

9:44 AM

Vodafone Idea up 2%; reports say co pays 10-30% of licence fee, SUC for Dec qtr

 

 

9:41 AM

Rallis India drops 4% as Q3 profit falls 43% YoY

Rallis India on Wednesday reported a 43 per cent yearly decline in its December quarter (Q3FY23) net profit at Rs 22.55 crore. Revenue from operations increased to Rs 630.39 crore as against Rs 628.08 crore revenue recorded last year.

 

 

9:38 AM

Persistent Systems up 4% as Q3 results meet Street expectations

The company reported a 6 per cent QoQ increase in revenues at Rs 2,169.37 crore, meeting Street estimates. It's earnings before interest and tax (Ebit) was up 11.57 per cent at Rs 333.21 crore, while margin expanded to 15.36 per cent. Net profit up 8.15 per cent QoQ at Rs 237.95 crore vs Bloomberg estimate of Rs 239.87 crore). The board approved an interim dividend of Rs 28 per share.

 

9:35 AM

IndusInd Bank holds strength in weak trade after firm Q3 results

Its net profit rose 58% YoY in Q3

 

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9:33 AM

Broad-based losses across sectors; Metal, Realty, IT pockets weaken most

 

 

9:30 AM

MARKET CHECK: Sensex extends weakness, down 250 pts

 

 

9:28 AM

Mid-smallcaps drop in line with benchmark indices