Sensex ends 126 pts higher, Nifty atop 18200; HDFC Life soars 4%, TCS 1%

CLOSING BELL: Broader markets, meanwhile, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices surged up to 0.2 per cent

3:22 PM

Godrej Properties buys 9-acre land for Rs 300 cr to build housing project

Godrej Properties has bought a 9-acre land in Gurugram for around Rs 300 crore to develop a housing project. On December 29, the company had informed stock exchanges about acquisition of the land through an outright purchase, but did not mention the deal value. Read here

3:13 PM

SKS Power Generation receives 7 bids, Reliance, Adani, NTPC among bidders

The lenders of SKS Power Generation have received bids for a takeover in exchange for payment of Rs 1,890 crore it owes to the Bank of Baroda and the State Bank of India (SBI), a report in the Economic Times (ET) said. Read more

 

3:03 PM

Swan Energy hits lifetime high after NCLT nod to acquire Reliance Naval

In the past three days, the stock has surged 18 per cent after it informed the exchanges on December 29 that the National Company Law Tribunal (NCLT) approved the resolution plan submitted by Hazel Mercantile Ltd (HML) to acquire Reliance Naval and Engineering Ltd (RNEL). READ MORE

2:55 PM

BSE 500:: Team Lease Services, Suven Pharma, PFC among volume shockers

Team Lease Services witnessed unusally high volume of around 80,200 shares so far on the BSE as against its five-day average volume of around 350-odd shares. Similarly, Suven Pharma, Power Finance Corporation, Pfizer and HDFC Life Insurance were among the other BSE 500 volume toppers on Tuesday.

2:46 PM

State-run firms to remain exempt from public shareholding norms: Govt

The exemptions from the MPS norm will be valid for a "specified period" even if there is a change in ownership or control after the exemption is granted, the notification said. READ MORE

2:38 PM

Market Check:: Nifty PSU Bank index up nearly 1%; UCO Bank soars 4%

2:30 PM

Small savings are an attractive option for investors in lower tax brackets

The government has raised the interest rates on some small savings schemes For the second quarter in a row. The rates have been hiked between 20 and 110 basis points (bps), and are now ranging from 4.0 per cent to 7.6 per cent. The Reserve Bank of India (RBI) has raised the repo rate by 225 bps since May 2022, with the objective of containing inflation. READ MORE

2:20 PM

India's Oct-Dec sugar output up 3.69% at 12.07 million tonnes: ISMA

Sugar production in Uttar Pradesh reached the year-ago level of 3.09 mn tons, while in Maharashtra it rose marginally to 4.68 mn tons during October-December of the 2022-23 marketing year. READ MORE

2:10 PM

News Alert:: Kamat Hotels board okay min. sell price for VITS unit at Rs 125 cr

The company's board today approved a proposal for selling VITS, Mumbai unit, for a price not less than Rs 125 crore.

2:01 PM

Rama Steel hits new high after it clocks highest-ever sales volume in Q3

Shares of Rama Steel Tubes soared 5 per cent to claim new high of Rs 185.10 in Tuesday’s intra-day trade, after the company recorded highest sales volume of 53,216.16 ton in the December quarter (Q3FY23). READ MORE

1:50 PM

BSE 500:: M&M Finance, TVS Motor, Jindal Stainless among top losers

M&M Financial Services down 3.5 per cent was the top loser among the BSE 500 stocks. TVS Motor Company, Jindal Stainless Hisar, Mahindra CIE and Indiabulls Housing Finance, down 2 - 3 per cent each were the other notable losers so far on Tuesday.

1:40 PM

Federal Bank's loan grow 19.1% YoY in Q3; deposits cross Rs 2 trn mark

Federal Bank has posted 19.1 per cent year-on-year (YoY) growth in advances as of December 2022 (Q3 FY23), aided by demand in the festive season. READ MORE

1:31 PM

News Alert:: CRISIL reaffirms bank loan ratings on Prince Pipes

Prince Pipes & Fittings has informed BSE, the CRISIL has reaffirmed its long-term and short-term rating on the bank loan facilities worth Rs 668 crore as CRISIL A+/ Stable and CRISIL A1+.

1:24 PM

Trade in rupee with Russia: A good start with tea, pharma, engg goods items

Such transactions kicked off a week ago and are gradually expected to pick up pace amid the government's efforts towards ironing out the teething troubles related to the implementation. READ MORE 

1:13 PM

BSE 500:: Swan Energy, CSB Bank, Rail Vikas among top gainers

Swan Energy and CSB Bank up nearly 6 per cent each were the top gainers among the BSE 500 stocks so far on Tuesday. They were followed by Rail Vikas Nigam, HDFC Life Insurance and Chemplast Sanmar, up 4 - 5 per cent each.