Sensex snaps 4-day losing run, gains 160 pts; PSU bank index leaps 4%

CLOSING BELL: Individually, Punjab and Sind Bank (PSB), Bank of India, Bank of Baroda, Central Bank of India, Indian Overseas Bank, and UCO Bank gained between 6 per cent and 15 per cent

3:36 PM

CLOSING BELL:: Nifty 50 ends at 18,609, up 49 points

3:34 PM

CLOSING BELL:: S&P BSE Sensex ends 160 points higher at 62,571

3:24 PM

BSE 500:: HDFC Bank, Sun Pharma, KEC among volume shockers

Sundaram Clyaton witnessed unusally high volume of around 4.56 lakh shares so far on the BSE as against its five-day average volume of around 426-odd shares. HDFC Bank, Coromandel International, KECL International and Glenmark Pharma were the other volume toppers on Thursday.

3:14 PM

Inox GFL Group raises around Rs 1,500 cr across entities to pare down debt

The Inox GFL Group, recently embarked on a journey towards deleveraging across all its operating entities. Towards this goal the Group has been on a significant fundraising spree, raising almost Rs 1,500 crore across its entities in the last fortnight, a company statement said. READ MORE

3:07 PM

Global Check:: US, UK stock futures little changed at this hour

Source: Investing.com

2:55 PM

India unveils Rs 2.2 trillion plan to upgrade grid for clean power

India unveiled a Rs 2.44 trillion ($29.6 billion) plan to build transmission lines to connect renewable generation, as it aims to nearly triple its clean-power capacity by 2030. India has a generation capacity of 173 gigawatts from non-fossil fuel sources and plans to almost triple it to 500 gigawatts by 2030. READ MORE

2:44 PM

PSB index soars 3%; these three constituents have zoomed over 50% in 1 mth

Shares of public sector banks (PSU) continued their northward journey with the Nifty PSU Bank index surging nearly 3 per cent on the National Stock Exchange (NSE) in Thursday’s intra-day trade on expectations of strong earnings in coming quarters. READ MORE

2:31 PM

BSE 500:: GHCL, Easy Trip Planners, Sun Pharma, Sobha among top losers

GHCL down nearly 5 per cent was the top loser among the BSE 500 stocks. Easy Trip Planners, Sun Pharma, Sobha and Phoenix Mills, down 3 - 4 per cent each were the other prominent losers so far on Thursday.

2:19 PM

Prepay home loan to combat interest rate hike impact, say experts

Borrowers, both existing and new, will feel the brunt of the latest rate hike soon, given that a large percentage of home loans are linked to an external benchmark, mostly the repo rate, nowadays. READ MORE

2:09 PM

Global Check:: Hang Seng soars 3.3%; Most other Asian markets see red

Source: Yahoo Finance

2:00 PM

BharatPe sues Ashneer Grover and wife, seeks Rs 88 cr for swindling firm

Fintech platform BharatPe said it has initiated criminal and civil proceedings against its former Co-Founder, Ashneer Grover and his wife Madhuri Jain Grover over misappropriation of company funds. READ MORE

1:45 PM

BSE 500:: Punjab & Sind Bank, KEC, Godfrey Phillips among top gainers

Punjab & Sind Bank up nearly 10 per cent was the top gainer among the BSE 500 stocks so far on Thursday. It was followed by Godfrey Phillips, KEC International, Chemplast Sanmar and Bank of India, up around 7 - 8 per cent each.

1:36 PM

Centre seeks private sector professional to be first chief executive of LIC

India aims to appoint a private sector professional as the first chief executive of the Life Insurance Corporation of India in an effort to modernise its largest insurer after a disappointing stock market debut, two government officials said. Read more

1:25 PM

Aptus Value sinks nearly 3% as 0.3% equity changes hands

1:15 PM

Indian-origin investor takes legal action after losing $2 mn in FTX crash

An Indian-origin entrepreneur, who lost $2 million after FTX went kaput last month, is taking legal action against the cryptocurrency exchange's founder, according to a report. Read more