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Monday, December 23, 2024 | 05:40 PM ISTEN Hindi

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Sensex, Nifty end flat after volatile day; Metal index up 2%, RIL down 1.5%

CLOSING BELL: RIL (down 1.45 per cent), Tech M, Dr Reddy's Labs, Bharti Airtel, Axis Bank, and TCS were the top laggards

Image SI Reporter New Delhi
Sensex, Nifty end flat after volatile day; Metal index up 2%, RIL down 1.5%

1:07 PM

NEWS ALERT:: L&T wins order up to Rs 5,000 cr in JV with Japan firm, stock flat

The Buildings & Factories Business of L&T Construction has secured an order from the National High-Speed Rail Corporation Limited (NHSRCL) to construct the Sabarmati Depot (MAHSR – D-2) in the state of Gujarat for the Mumbai – Ahmedabad High Speed Rail (MAHSR) project through a consortium led by Sojitz Corporation, Japan.

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1:00 PM

Market Check:: Sensex recoups losses, down merely 30-odd points

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12:53 PM

CEAT, Apollo, JK Tyre: NCLAT relief may drive tyre stocks up to 16% higher

The National Company Law Appellate Tribunal (NCLAT) has set aside the Rs 1,788-crore penalty imposed by the Competition Commission of India (CCI) on select tyre companies for alleged cartelisation. On charts, most tyre stocks including JK Tyre, Apollo Tyres, CEAT, MRF and TVS Srichakra look strong, a rally seems likely. READ MORE

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12:42 PM

LTIMindtree commences trading with its new name, stock down 1%

Shareholders of erstwhile Mindtree, delisted from November 23, 2022, have been issued shares of erstwhile LTI in the ratio of 73 shares of LTI (now called LTIMindtree) for every 100 shares of Mindtree. READ MORE

markets, stock market, sensex, correction, nifty, shares, growth, profit, economy, gain


 

12:33 PM

Nov services PMI at a 3-month high of 56.4 thanks to new biz expansion

India's services activity recovered to a three-month high in November as services firms benefited from accommodative demand. New business inflows rose markedly and at the quickest pace in the last three months. READ MORE

Department of Commerce to overhaul export scheme for services sector

12:20 PM

BSE 500:: Suzlon, Finoxlex, Medplus among top gainers

Advanced Enzyme up over 8.5 per cent wash  the top gainer among the BSE 500 stocks so far on Monday. It was followed by Suzlon Energy, Finolex Industries, Medplus Healthcare and Punjab & Sindh Bank, up 6 - 8 per cent each. VIEW MORE

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12:11 PM

How two Pythagoras crypto hedge funds dodged the market collapse

Pythagoras Investment Management LLC has two funds that have been rare bright spots in a market that’s been eviscerated by a number of scandals. Both its Market Neutral Fund -- a strategy that doesn’t have exposure to the price of any crypto at any time -- and its trend-following Pythagoras Token Fund have each gained about 8% this year, according to the company. Meanwhile, the world’s largest digital token Bitcoin is down around 60% this year. READ MORE

11:59 AM

Mahindra Finance up 6%, hits 52-week high on healthy disbursements in Nov

The NBFC's year to date (YTD) disbursement stood at approximately Rs 31,050 crore, registered a YoY growth of 99 per cent. Healthy disbursement trends have led to a strong gross asset book of approximately Rs 76,300 crore, growing around 3.4 per cent over September 2022. This has resulted in growth of approximately 17.5 per cent compared to March 2022. READ MORE

11:48 AM

Cryptocurrency exchange Bybit plans to cut 30% of workforce: CEO Ben Zhou

He cited crypto prices trending lower and the struggles of companies such as bankrupt crypto lender BlockFi and embattled crypto brokerage Genesis as signals “to tell us that we are entering into an even colder winter than we had anticipated from both industry and market perspectives.” Bybit is ranked in the top 10 crypto bourse by both CoinMarketCap and CoinGecko using measures including volume and confidence in the reported volumes, is the latest in a string of exchanges to announce job cuts. READ MORE

11:36 AM

ICICI Prudential Equity & Debt Fund: An outperformer in hybrid category

Launched in November 1999, the ICICI Prudential Equity & Debt Fund has featured in the top 30 percentile of aggressive hybrid funds of the CRISIL Mutual Fund Ranking (CMFR) for three consecutive quarters through September this year. READ MORE

11:24 AM

Govt in advanced stage to launch Rs 3,500-crore PLI scheme for toy sector

To encourage more micro, small, and medium enterprises (MSMEs) to take advantage of the scheme, the investment slab could be kept as low as Rs 5 crore. However, the incentives will be for toy making and not on toy components. READ MORE

11:12 AM

Average SIP ticket size shrinks 23% in over 3 years despite rising inflows

The industry attributes the gradual decline in SIP ticket size to the growing penetration of mutual funds (MFs) on the back of rising ease of investment READ MORE

10:58 AM

ALERT :: S&P Services PMI for November increases to 56.4 vs 55.1 MoM

>> Composite PMI at 56.7 vs 55.5 MoM
10:57 AM

Kalyan Jewellers hits new high in a weak market; rallies 18% in 4 days

While the months of July and August were muted, mainly due to wedding delays in South India, analysts expect demand to bounce back in the October-December quarter (Q3FY23) given the festive and marriage season across India. READ MORE

10:46 AM

Q&A | We expect markets to now track underlying earnings growth, says Gautam Duggad

We believe the valuations at 20.5x one-year forward price-to-earnings for the Nifty50 Index are not exorbitantly expensive, but they aren't cheap either READ INTERVIEW HERE

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First Published: Dec 05 2022 | 8:19 AM IST