Sensex ends choppy day 108 pts up; Adani group stocks tumble, defence rally

CLOSING BELL: The S&P BSE Sensex is now just 265 points shy from its all-time 62,245 registered on October 19, 2021.

10:05 AM

New Listing :: Bikaji Foods debuts at 7% premium vs issue price of Rs 300

>> Lists at Rs 321 apiece on the BSE

10:03 AM

New Listing :: Global Health lists at 18.5% premium vs issue price of Rs 336

>> Shares list at Rs 398 on the BSE

>> Extend rally to Rs 409

9:59 AM

COMMENT :: 'Two Russian missiles landing in Poland has emerged as a new near-term concern'

Since the Nifty is only around 1% away from all-time highs a final dash to a new record can happen anytime. Profit booking and correction is likely after that. Since the drivers of the current rally are high quality large-caps particularly in banking and IT, mid and small-caps are unlikely to participate in the ongoing rally. Investors may stick with quality. Two Russian missiles landing in Poland killing two civilians has emerged as a new near-term concern whether it will escalate the Ukraine war.

Views by: V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services 

9:51 AM

Nykaa extends fall on listing of bonus shares; stock slips 17% in two days

Shares of Nykaa parent FSN E-Commerce Ventures slipped 9 per cent to Rs 175 on the BSE in Wednesday’s intra-day trade on the back of heavy volumes after nearly 2,374 million bonus equity shares got listed with effect from today. READ MORE

9:41 AM

MARKET CHECK :: Top losers on the BSE at this hour

9:38 AM

MARKET CHECK :: Top gainers on the BSE at this hour

9:36 AM

Buzzing stock :: Reports suggest RIL, Nykaa are eyeing promoter stake in TCNS Clothing; stock surges 10%

>> Reports say Reliance Retail, Nykaa, Aditya Birla Fashion and Trent Ltd, as well as private equity investors such as TPG Capital and Advent International, have shown interest in buying TA Associates' 29.24 per cent stake in TCNS Clothing Ltd.

9:32 AM

Buzzing stock :: Nykaa declines over 2% as 30.6 million shares change hands on BSE

>> 30.62 million equity shares changed hands at 9:15 AM

>> Shares exchanged at Rs 179.55 per share

9:30 AM

Buzzing stock :: SBI falls marginally as lender hikes MCLR-based lending rates

>> India’s largest PSU bank raised the marginal cost of funds-based lending rate (MCLR) by 15 basis points across tenors, making most consumer loans costlier for borrowers.

9:28 AM

Buzzing stock :: NDTV yet again freezes at 5% upper circuit

>>  According to reports, the promoters of NDTV - Radhika Roy and Prannoy Roy - may not mount a legal challenge against Adani Group’s open offer for additional shares in the company.

9:25 AM

BSE SmallCap Heatmap :: Top gainers and losers in the small-cap space

9:24 AM

BSE MidCap Heatmap :: Top gainers and losers in the mid-cap space

9:22 AM

Broader market check :: Mid, SmallCap indices advance in a subdued market

9:21 AM

Sectoral trends :: Indices start mixed; FMCG extends weakness, pharma holds fort

9:20 AM

Sensex Heatmap :: Losers outnumbers gainers on Sensex as index extends decline to 100 pts

>> Maruti, Titan, Ultratech Cement, and Dr Reddy's Labs log tepid gains

>> Nestle India, HDFC, Asian Paints, and HUL fall