Sensex sinks 389 pts, Nifty below 18,500; IT, PSBs crack; HCL Tech down 7%

CLOSING BELL: Sectorally, defensive indices like the Nifty FMCG and Pharma held gains as they rose 0.8 per cent and 0.4 per cent

11:08 AM

HUL hits 52-week high as company forays into health & wellbeing category

Shares of FMCG major, Hindustan Unilever (HUL) extended their winning run for the fifth straight trading session in Friday's intra-day trade after the company announced its foray into health & wellbeing category. The stock so far hit a fresh 52-week high at Rs 2,741 and was up 0.7 per cent at Rs 2,720 as of 10:55 AM on the BSE. The counter had seen trades of around 14,000 shares. Read more

10:56 AM

Rupee appreciates 19 paise to 82.19 against US dollar in early trade

The rupee appreciated 19 paise to 82.19 against the US dollar in early trade on Friday on broad dollar weakness and a firm trend in domestic equities. Forex traders said sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias. Read here

10:45 AM

Demat additions lukewarm despite market's extended run in November

About 1.8 million new accounts — needed for holding shares in an electronic format — were opened with two depositories, Central Depository Services (CDSL) and National Securities Depository, taking the total tally past 106 million in November. Read here

10:32 AM

What to expect from Indian equity markets in 2023 as performance cools

Indian stocks that offered a refuge from losses that plagued global equity investors in 2022 look set to lose momentum next year as sky-high valuations weigh on market enthusiasm. Read here

10:21 AM

HCL Tech plunges 6% as management sounds caution on revenue growth in FY23

Shares of HCL Technologies tumbled 5.8 per cent to Rs 1,037 apiece in Friday's intra-day trade, after the company said it expected revenue in financial year 2022-23 (FY23) to come in near the lower end of the guidance band. Read here

10:09 AM

ALERT | Nifty Bank hits new all-time high; breaches 43,800

10:00 AM

Gold prices remain unchanged; silver rates rise by Rs 700 in early trade

Gold prices remained unchanged in Friday's early trade. Ten grams of 24-carat gold and 22-carat gold was trading at Rs 54,000 and Rs 49,500 respectively, according to the GoodReturns website. Read here

9:53 AM

India inflation likely softened to nine-month low in November, shows poll

India consumer price inflation likely cooled to a nine-month low of 6.40% in November mainly due to a moderation in food prices, according to a Reuters poll of economists. Read here

9:44 AM

Paytm surges 7% on share buyback plan; board to meet on Dec 13

The company in a relase to the exchanges said that the management believes that given the company's prevailing liquidity/ financial position, a buyback may be beneficial to the shareholders. Read here

9:37 AM

MARKET CHECK :: S&P BSE Sensex erases gains

9:35 AM

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

9:34 AM

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

9:32 AM

GMM Pfaudler rises over 1% on acquisition on Mixel France SAS

>> GMM Pfaudler arm to acquire 100% stake in Mixel France SAS for 7 million euros

9:30 AM

HCL Tech slides 5% as co sounds caution on revenue guidance

>> Co expects FY23 CC revenue growth to be at the lower-end of earlier guidance of 13.5%-14.5%

9:26 AM

Digispice Technologies falls over 3% as CEO tenders resignation

>> Chandrachur Ghosh, Chief Executive Officer, designated as Whole Time Key Managerial Personnel of the Company, has tendered his resignation from the said position on 8th December, 2022.