Benchmarks extend record breaking run; Nifty tops 18,800; IT, metals shine

CLOSING BELL: Global cues triggered by Powell's positive remarks boosted sentiment. The Sensex scaled a new high at 63,583, while the Nifty 50 came within striking distance of 18,900 on Thursday.

11:35 AM

NEWS ALERT:: Polycab signs Redington as partner for National distributor

Polycab India, the largest manufacturer of Wires and Cables in India and a fast-growing player in the FMEG space and Redington, a globally renowned supply-chain solution-provider, have announced their strategic partnership for Indian market. Polycab will have now Redington as its National Distributor for its end-to-end passive networking solutions.

11:28 AM

Market Check:: Nifty firmly above 18,800, up 74 points

11:21 AM

What are Alternative Investment Funds?

Markets regulator Sebi recently told RBI that some non-bank lenders were ever-greening loans by using alternative investment funds. But what exactly is this fund? Let's find out. HEAR AUDIO 

11:14 AM

NEWS ALERT:: L&T successfully closes $107 mn loan from Sumitomo Mitsui Banking

The company has successfully closed a three-year $107 million sustainability-linked loan from Sumitomo Mitsui Banking Corporation ("SMBC”) on November 30, 2022. This sustainability linked loan underscores L&T's continued commitment to its environmental, social and governance (ESG) goals, the company said in a release.

11:07 AM

Economy will grow over 6.8% in FY23, says CEA V Anantha Nageswaran

The Indian economy is on track to register 6.8-7 per cent GDP growth in FY23, said Chief Economic Advisor (CEA) V Anantha Nageswaran, on Wednesday. READ MORE

10:59 AM

ALERT:: Alembic Pharma edges higher on getting USFDA nod for Diclofenac

The company informed the exchanges that it received US Food & Drug Administration (USFDA) final approval for Diclofenac Sodium Topical Solution USP, 2% w/w. The drug had an estimated market size of $512 million for twelve months ending Sep 2022 according to IQVIA.

10:57 AM

ALERT :: Adani Green raises Japanese Yen denominated Refinancing Facility

10:52 AM

Likhitha Infra soars 22% in two days as Ashish Kacholia buys 2% stake

The company has fixed Friday, December 02, as the record date for ascertaining the eligibility of shareholders entitled for split/subdivision of shares. READ MORE

10:45 AM

News Alert: Ethos announces exclusive tie-up with Trilobe

The company has signed an exclusive retail partnership With Trilobe, to launch the Fine Watchmaking Brand in India.

10:43 AM

ALERT :: November Manufacturing PMI rises to 55.7 vs 55.3 MoM

>> In November, India’s manufacturing sector recorded the best uptick in output and new orders since August, as per the S&P Global India Manufacturing Purchasing Managers’ Index

10:39 AM

BSE 500:: Network 18, TV18, Hatsun among top gainers

Network 18 up over 12 per cent was the top gainer among the BSE 500 stocks so far on Thursday. It was followed by TV18 Broadcast, Hatsun Agro, Shilpa Medicare and Chemplast Sanmar, up 8 - 10 per cent each.

10:32 AM

Sebi suspends Karvy's registration for flouting portfolio managers rule

Market regulator Sebi on Wednesday suspended the registration certificate of Karvy Stock Broking Ltd (PMS Karvy) as a portfolio manager for one month for flouting regulatory norms. READ MORE

10:25 AM

Alstom, Medha, Siemens in race for Rs 26,000-crore Vande Bharat order

Alstom India, Medha Servo, Titagarh Wagons, and Siemens are among the five bidders for a Rs 26,000-crore order by the Indian Railways to manufacture 200 lightweight Vande Bharat trains, Business Standard has learnt. Russia’s Transmashholding (TMH) is the fifth bidder. READ MORE

10:16 AM

Nifty on track to hit 20,000; Sensex target at 70,000 levels: Analysts

Meanwhile, the market's attention in the next few weeks will shift to the outcome of the Gujarat assembly election and the monetary policy action of the Reserve Bank of India (RBI). READ MORE

10:09 AM

Nifty IT index surges 2%; Infy, TCS, Tech Mahindra, Coforge gain up to 3%

The US market ended higher overnight, led by gains in technology stocks, after US Federal Reserve chairman indicated that the central bank may slow pace of rate hikes. Nasdaq Composite jumped 4.4%. READ MORE