Sensex ends 563pts up at 60,656, Nifty above 18,050; L&T, HUL rise up to 3%

CLOSING BELL: Broader markets, however, underperformed benchmark indices as Nifty SmallCap 100 and Nifty MidCap 100 indices dropped up to 0.1 per cent

3:32 PM

CLOSING BELL: Late hour bets fuel Sensex 563 pts higher near day's high

3:29 PM

RBI's expected credit loss approach may impact capital positions of banks

The Reserve Bank of India (RBI)'s discussion paper suggesting banks move to an expected credit loss (ECL) approach for provisioning of bad assets from the current incurred loss approach is likely to have a bearing on the capital position of some banks, if not all, analysts reckon. Read here

3:21 PM

Network18 posts Rs 76.8 mn net loss in December quarter amid ad slowdown

India's Network18 Media & Investments reported a third-quarter loss on Tuesday, as the billionaire Mukesh Ambani-backed conglomerate splurged to push up its share of television viewership, while advertisers pulled back on spending. Read more

3:12 PM

MARKET CHECK: Sensex sees fag-hour buying; rallies 550 pts to day's high

3:02 PM

BoI's Q3 net profit rises 12% YoY to Rs 1,151 cr on improvement in NIM

In a filing with BSE, BoI said its net interest income (NII) was up 64 per cent YoY in Q3 to Rs 5,596 crore. Sequentially, NII rose from Rs 5,083 crore in Q2FY23. Its Net Interest Margin (NIM) improved to 3.28 per cent in Q3 from 2.27 per cent in Q3FY22. Sequentially, NIM rose from 3.04 per cent in Q2FY23. READ MORE

2:51 PM

Glenmark Pharmaceuticals launches drug to treat heart failure in India

Glenmark Pharmaceuticals EVP & Business Head India Formulations, Alok Malik said Sacu V is an advanced and affordable treatment option, which has been shown to reduce the risk of cardiovascular death or heart failure hospitalisation and to improve symptoms associated with heart failure with reduced ejection fraction (HFrEF). READ MORE
 

2:40 PM

Federal Bank declines 5% on profit booking post strong Q3FY23

The healthy profit growth mainly led by robust credit growth, sharp margin uptick, and continued lower LLP, were partly offset by higher staff costs due to ad hoc provisions for wage revision. READ MORE

 

2:29 PM

Lenders select Ramkrishna Forgings resolution plan for ailing JMT Auto

Ramkrishna Forgings' plan was approved by 84.61 per cent by lenders who are members of committee of creditors (CoC). JMT Auto did not disclose details of the resolution plan. READ MORE

2:13 PM

December Quarter Results :: Metro Brands posts profit of Rs 112 crore; declares dividend worth Rs 2.5/share

>> PAT was Rs 101.3 crore last year

>> Revenue at Rs 598.7 crore vs Rs 483.7 crore YoY

>> Ebitda at Rs 205.2 crore  vs Rs 167.8 cr YoY

>> Ebitda margin dips to 34.3% vs 34.7% YoY

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2:02 PM

Yen perched near 7-mth high as investors wait for policy shift at BOJ

The yen hit a top of 127.22 per dollar during Asia hours on Monday, before steadying around 128.69 on Tuesday. Options trade shows a market braced for sharp moves when the Bank of Japan (BOJ) concludes a two-day meeting on Wednesday, with overnight implied volatility surging to a six-year high. READ MORE

 

1:52 PM

ALERT :: Blue Jet Healthcare gets SEBI nod for IPO

>> Blue Jet Healthcare Limited, a specialty pharmaceutical and healthcare ingredient and intermediate company, offering niche products has received final observation from Securities and Exchange Board of India (SEBI), to raise funds through an initial public offering (IPO).

>> The public issue is a complete offer-for-sale (OFS) of up to 21,683,178 equity shares by Promoter and selling shareholders

>> Kotak Mahindra Capital Company Limited, ICICI Securities Limited and J.P. Morgan India Private Limited are the books running lead managers and Link Intime India Private Limited is the registrar to the offer. 

>> The equity shares are proposed to be listed on BSE and NSE.

1:42 PM

Bank of Maharashtra raises rates on term deposits

Post the revision, for deposits less than Rs 2 crore and tenor or 200 days, the bank will offer an interest rate of 7 per cent. The same interest rate applies for deposits of above Rs 2 crore and up to Rs 10 crore for a tenor of 200 days. READ MORE

 

1:30 PM

MARKET CHECK :: Sensex sees profit-booking at higher levels

1:25 PM

India's 2022-23 sugar output to fall on adverse weather: Industry official

India is likely to produce 34.3 million tonnes of sugar in 2022/23, down 4% from the previous forecast, as sugar cane yields in key producing states fell due to adverse weather, a senior industry official told Reuters. Read more

1:17 PM

Rebound in power demand to fire up related stks over medium-term: Analysts

On the bourses, shares of Adani Power, Adani Transmission, CG Power, NHPC, NTPC, and Adani Green Energy have surged up to 61 per cent so far in FY23, ACE Equity data shows. Read more