Sensex snaps 8-day winning run, ends 415 pts lower; IT, Auto stocks weigh

CLOSING BELL: The NSE Nifty shut shop at 18,696, down 117 points. Broader indices - BSE Midcap and Smallcap bucked the trend, and were up 0.8 per cent and 0.7 per cent, respectively, on Friday.

1:29 PM

Gold slips, set for best week in three on smaller Fed rate-hike bets

Gold prices eased on Friday ahead of a key U.S. jobs report, but were set for their best week in three as the dollar weakened on prospects of slower U.S. interest rate hikes. Read here

1:20 PM

Asian shares sink on revived worries over recession, China protests

Shares retreated in Asia on Friday after a mixed day on Wall Street as optimism over signs the Federal Reserve may temper its aggressive interest rate hikes was replaced by worries the economy might be headed for a recession. Read here

1:11 PM

Auto shares trade weak post November sales; Eicher, M&M down up to 3%

Shares of automobiles companies traded on a weak note amid profit booking on Friday after they reported a mixed set of sales numbers for the month of November. Read more

12:59 PM

Risk-reward favourable for Paytm; may rise more than 100% in 1 yr: Analysts

With shares of Paytm down 77 per cent from its issue price, analysts believe the stock is turning favourable from risk-reward perspective. Moreover, the management's continuous focus on profitability, and the target of turning free cash flow (FCF) positive in 12-18 months gives confidence that the company will end cash burn in the next 4-6 quarters, they said. Read more

12:48 PM

Will one-licence regime revive trend in insurance stocks? Chart check here

The insurance sector seems set for a major revamp with likelihood of a single licence for all products, and permission to cross-sell other financial instruments. Read more

12:39 PM

WATCH | How will the Kirit Parikh panel-gas reforms impact related companies?

12:24 PM

Rupee gains as dollar slides on US data backing slower rate hikes

The Indian rupee rose on Friday, but gains were capped due to dollar demand amid a slump in the greenback after U.S. data overnight reaffirmed expectations of a slowdown in the pace of rate hikes by the Federal Reserve. Read here

12:15 PM

Tata Steel hits over 3-month high in a weak market; stock up 6% in 4 days

The removal of export duty is a significant relief and a long term positive for the domestic steel sector, according to analyst at ICICI Securities. Read here

12:06 PM

Godrej Properties buys 18.6 acres land in M'bai; eyes Rs 7Kcr sales revenue

Godrej Properties Ltd on Friday said it has bought 18.6 acre land at Kandivali in Mumbai to develop a premium housing project and expects sales revenue of about Rs 7,000 crore.

In a regulatory filing, the company informed that the project would have a developable potential of about 3.72 million square feet with an estimated revenue potential of around Rs 7,000 crore. Read more

11:54 AM

Oil prices edge higher on easing China curbs, firm dollar limits gains

Oil prices inched higher in Asian trade on Friday on hopes for further relaxation of COVID curbs in China, which could help demand recover in world's second biggest economy, though a firmer U.S. dollar capped gains. Read more

11:44 AM

MARKET CHECK | Sensex at day's low; sheds 500 points

11:30 AM

Reliance makes rare buy of Russian naphtha, ups fuel oil imports: Data

India's Reliance Industries, operator of the world's largest refining complex, is snapping up Russian refined fuels, including rare purchases of naphtha, after some Western buyers stopped Russian imports, trade flows data from Refinitiv showed. Read here

11:21 AM

Skipper locked at 20% upper limit on heavy volumes; zooms 53% in two weeks

A combined 2.06 million shares representing 2 per cent of total equity of the company changed hands on the NSE and BSE. There were pending buy orders for a combined 672,845 shares or 0.66 per cent equity stake on both the exchanges, the data shows. READ MORE

11:11 AM

Chris Wood rejigs India portfolio; adds Macrotech Developers, Adani Ports

In terms of sectors, Wood remains bullish on the real estate sector and suggests the Indian realty market to be one of Asia's hottest investment bets, besides Singapore. Read more

10:59 AM

Indian crypto industry group writes to govt for 'strong regulations'

"The key underlying issue in the case of FTX is lacunae in corporate governance which we have witnessed in the case of traditional finance as well and have taken considerable efforts from different stakeholders. However, there is only that much that the industry can do voluntarily, which is why we have been trying to engage with the government on ensuring strong regulatory and compliance provisions, which all players can abide by," BWA told Business Standard in an email. READ MORE