Sensex ends 304 pts lower at 60,353, Nifty below 18K; Bajaj Finance down 7%

CLOSING BELL: Broader markets, meanwhile, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices rose up to 0.4 per cent

10:34 AM

Bosch, Uno Minda: Analysts bet on airbag makers on govt push for car safety

Implementation of airbags in other vehicle segments over the medium term will offer further revenue upside for airbag manufacturers, as per rating agency ICRA. READ MORE

10:22 AM

NIFTY OUTLOOK: Anand James - Chief Market Strategist at Geojit Financial Services

Though the pull back towards close restricted a breach of 18000 yesterday, bears dominated the day, bringing 17500 into the radar. An outright collapse is less expected early today though. Favoured view expects renewed bargain hunting from the 18000 vicinity, but we would wait for a breach of 18150 to confirm strength.Alternatively, direct fall below 17960 will allow bears to continue dominance with nearest support seen at 17670.

10:17 AM

FMCG stocks crunchy in a volatile market: Marico, Britannia up 2%

10:11 AM

Bajaj Finance tumbles 8% as AUM logs lesser-than-expected growth in Q3

Bajaj Finance acquired 3.1 million new customers (v/s 2.6 million acquired in Q2FY23). The new customer acquisition run-rate was healthy in Q3FY23. READ MORE

10:06 AM

MARKET VIEW: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

The Fed minutes were distinctly hawkish with the message that “restrictive policy stance would need to be maintained until the incoming data provided confidence that inflation was on a sustained downward path to 2 percent." In spite of this hawkish minutes the US markets closed in the positive territory because the markets expect a soft landing for the US economy since the economy continues to be resilient. In India the near-term challenge to the market comes from the sustained selling by FIIs who sold Rs 2620 crores equity in the cash market yesterday taking their selling spree to 9 consecutive days. FIIs are net short in the derivatives segment too. Data from the banking segment indicates continuing credit growth and improving asset quality which indicates good Q3 results. Investors can utilise market weakness to buy high quality banking stocks.

10:00 AM

NALCO advances 1% as board plans to mull interim dividend on Jan 17

9:54 AM

HUL rises 1% after it acquires 19.8% stake in Nutritionalab

9:50 AM

RBL Bank gains 1% after strong Q3 business update

9:46 AM

Likhitha Infra rises 3% after the company bags orders worth Rs 457.39 crore

9:41 AM

Profit-booking in Bajaj Finance after strong Q3 update; stock slips 5%

9:37 AM

Aviation stocks fly after VAT slashed to 8% on ATF

9:33 AM

RBI lifts curbs from M&M Fin Services on loan recovery; stock up 1%

9:30 AM

Broader markets mixed; India VIX slips in red

9:27 AM

Nifty FMCG, Nifty Pharma indices off to a positive start

9:25 AM

Bajaj Twins, ONGC, Power Grid top Nifty50 laggards