Sensex jumps 249 pts on late buying, Nifty tops 18,400; Airtel, ICICI lead

CLOSING BELL: A late rally in the market, helped the benchmark indices end the rather lacklustre day with notable gains. Debutant Fusion MicroFinance ended at a 12 per cent discount to issue price.

1:14 PM

GLOBAL MARKETS | Asia markets hold steady gains; Hang Seng up 4%

1:04 PM

Japan's economy shrinks 1.2% in July-Sept qtr as consumer spending declines

Japan's GDP, or the sum of the value of a nation's products and services, was weaker than analysts had expected, coming after three quarters of moderate growth. Read here

12:54 PM

Apollo Tyres surges 6% post Sept quarter result; stock nears record high

The company reported a double digit growth in revenue, and ebitda in the September quarter despite challenging environment. Read here

12:45 PM

NDTV can hit Rs 450-level; Sun TV, DB Corp on slippery ground, charts show

NDTV hits 5 per cent upper circuit as Adani Group gets SEBI nod to buy additional 26 per cent stake; the media stock can rally to Rs 450, chart suggests.Read more

12:32 PM

WATCH | Is it the beginning of crypto's end?

12:18 PM

Near term margins may remain subdued for plastic pipe maker Astral

It underperformed peers on the volume front in Q2, though margin impact was lower given value-added mix. Read here

12:07 PM

Top US Fed regulator urges Congress to impose regulations on cryptocurrency

Yet his appearance comes after FTX, the third-largest crypto currency exchange, formerly led by Sam Bankman-Fried, filed for bankruptcy Friday. Read more

11:58 AM

RBI likely to go for smaller rate hikes as inflation eases: Analysts

The RBI has already raised rates by 190 bps since May, to 5.90%, as it battles to reign in inflation that has stayed above its 2%-6% tolerance band for ten straight months now. Read here

11:47 AM

Rail Vikas Nigam zooms 62% in 16 trading sessions on strong order inflows

Since October 20, in the past 16 trading days, the stock price of RVNL has appreciated by 62 per cent from a level of Rs 35.80, after the company announced securing multiple orders. In the past three months, the stock price of RVNL has zoomed 90 per cent, as compared to 3 per cent gain in the Sensex. READ MORE

11:35 AM

Firms pre-filing for IPOs may get to market to institutional investors

The Securities and Exchange Board of India (Sebi) plans to allow companies taking the confidential pre-filing route for their initial public offerings (IPOs) to market their issues to institutional investors to gauge demand and arrive at fair pricing. READ MORE

11:24 AM

RBI shortlists five banks to work on its digital currency pilot project

The central banker is also weighing whether to build a new framework for its digital currency or make retail CBDC interoperable with the current digital payments system. READ MORE

11:13 AM

Equity MFs book gains in October winners amid Rs 6,300 cr net purchases

In October, MFs net bought shares worth Rs 6,300 crore and foreign portfolio investors (FPIs) pumped in Rs 7,600 crore. In the mid-cap space, Tata Chemicals, Zee Entertainment and Gland Pharma were the key additions by MFs. READ MORE

11:02 AM

Nykaa begins descent, tumbles 8%

10:51 AM

Fusion MicroFinance debuts on a weak note; slips 6% against issue price

The Rs 1,104-crore initial public offering (IPO) of Delhi-based microfinance firm received decent response and was subscribed 2.95 times. The qualified institutional buyers (QIBs) portion was subscribed 8.59 times, while the portion reserved for non-institutional investors was subscribed 1.38 times. However, retail individual investors were subscribed just around 51 per cent or 0.51 times, the data showed. READ MORE

10:41 AM

ONGC up 3%, hits 4-month high post Q2 nos; board okays 35% interim dividend

ONGC reported revenue at Rs 38,321 crore during the quarter. Gross oil realization stood at $95.5/bbl. Net of windfall tax, realization stood at $72.2/bbl. Gas realisation remained unchanged sequentially at $6.1/mmbtu (on GCV basis). EBITDA during the quarter decreased 27.5 per cent QoQ to Rs 18,812 crore. READ MORE