Sensex sinks 637pts, gives up 61K, Nifty near 18K; Realty, Metals top drags

CLOSING BELL: TCS, Maruti, Divis's Labs, HDFC Life and Dr Reddy's were among the handful of stocks that held minor gains

3:16 PM

IndusInd Bank slips 5% in a weak market despite strong Q3 update

While the deposit growth came in healthy at 3 per cent QoQ (up 14.3 per cent YoY to Rs 3.25 trillion), the CASA mix declined 40bp QoQ to 42 per cent. READ MORE

3:02 PM

Amazon secures $8 bn in term loan to safeguard against economic headwinds

E-commerce giant Amazon has secured $8 billion in Term Loan from DBS Bank, Mizuho Bank and others, that will be used for "general corporate purposes". READ MORE
 

2:53 PM

Global Check:: UK stock futures rally over 1%; US post modest gains

Source: Investing.com

2:43 PM

BSE 500:: Prism Johnson, RCF soar up to 9% from day's lows

Prism Johnson has zoomed over 8.5 cent from its low of the day so far. Among others in the BSE 500, RCF, Carborundum Universal, Caplin Point Lab and APL Apollo Tubes have gained 4 - 5 per cent each from their respective lows of the day.
 

2:33 PM

Active mid-cap, small-cap schemes fly high with 'benchmark-beating' returns

The study also shows that over 50 per cent of the active flexi-cap schemes have not been able to beat the benchmark Nifty 500 TRI in 1-year, 3-year and 5-year time frames. READ MORE
 

2:22 PM

BSE 500:: Petronet LNG, Glenmark, Rain Inds among volume shockers

Petronet LNG has witnessed unusally high volume of around 7.24 lakh shares so far on the BSE as against its five-day average volume of around 49,000 shares. Similarly, Carborundum Universal, Glenmark Pharma, Rain Industries and Caplin Point Lab were among the other BSE 500 volume toppers on Wednesday.
 

2:10 PM

TVS Electronics up 18% on heavy volumes, hits 52-week high in weak market

The stock of computers hardware & equipments company surpassed its previous high of Rs 333, touched on September 2, 2022. Average trading volumes on the counter jumped eight-fold today with a combined 1.36 million shares, representing 7 per cent of total equity of TVS Electronics, having changed hands on the NSE and BSE till 01:43 PM. In comparison, the S&P BSE Sensex was down 0.73 per cent at 60,847. READ MORE

 

2:07 PM

Indian crypto exchange trade down by Rs 32k cr since 30% tax kicked in

The current tax architecture may lead to a loss of approximately Rs 99.3 trillion of local exchange trade volume in the next four years, says the study by The Esya Centre READ MORE

1:54 PM

NARCL emerges as the highest bidder for SREI with NPV of Rs 5,555 cr

National Asset Reconstruction Company Ltd (NARCL) emerged as the highest bidder in the auction for two finance companies - Srei Infrastructure Finance and Srei Equipment Finance – which began on Tuesday. NARCL's bid was the highest with a Net Present Value (NPV) of Rs 5,555 crore. READ MORE

1:44 PM

BSE 500:: Balrampur Chini, Yes Bank among top losers

Shyam Metalics down nearly 5 per cent was the top loser among the BSE 500 stocks. Lloyds Metals, Balrampur Chini, Persistent Systems and Yes Bank, down around 4 per cent each were the other prominent losers so far on Wednesday.

1:33 PM

Global Check:: Asian shares mixed; Nikkei slips, Hang Seng soars

Source: Yahoo Finance

1:24 PM

US regulators issue their first-ever joint warning on cryptocurrency risks

The watchdogs told financial institutions to be wary of potential fraud, legal uncertainty and misleading disclosures by digital asset firms, The BBC reported. Banks were also cautioned over the "contagion risk" from the sector. READ MORE

1:14 PM

Byju's founder raising funds to buy back as much as 15% of firm: Report

Byju Raveendran, the founder of the world’s most valuable edtech startup Byju’s, is in financing talks to lift his stake in the company to as high as 40 per cent, people familiar with the matter said. READ MORE

1:05 PM

BSE 500:: RCF, APL Apollo Tubes, GNFC among top gainers

RCF up over 5 per cent was the top gainer among the BSE 500 stocks so far on Wednesday. It was followed by Cardorundum Universal, APL Apollo Tubes, GNFC and Kajaria Ceramics, up 2 - 4 per cent each.

12:54 PM

ALERT :: China resumes giving approvals to residential PE funds, reports Bloomberg