Financial, IT shares drag Sensex 453 pts, ends below 60K; Nifty near 17,850

Closing Bell: Nifty IT fell 2 per cent followed by 0.7-1 per cent cuts each in Bank, Financial, Metal, Realty and Pharma indices. FMCG and Consumer Durables outperformed with fractional gains

2:58 PM

Sigachi Industries zooms 19% as board plans to mull fund raising plan

The board of SIL will meet on January 10, 2023 to consider the proposal of raising funds by way of issue of equity or convertible warrants on preferential basis to the promoters and non-promoters. READ MORE

2:51 PM

Global Check:: US, UK stock futures indicate mixed bias

Source: Investing.com

2:42 PM

Prioritising inflation best choice for South Asia now: RBI Governor

Consistently high inflation may pose risks to economic growth and it is therefore important for South Asian countries to work towards price stability, said Reserve Bank of India Governor Shaktikanta Das on Friday. READ MORE

2:33 PM

BSE 500:: Bombay Burmah, PVR, Dabur India among volume shockers

Bombay Burmah witnessed unusally high volume of around 13.10 lakh shares so far on the BSE as against its five-day average volume of around 2,700-odd shares. Similarly, PVR, Dabur India, IDBI Bank and United Spirits were among the other BSE 500 volume toppers on Friday.

2:25 PM

Diversify your investment portfolio by style to include value funds

One category that has done well in the past year, when most categories of equity funds did poorly, is value funds. This category, which has 19 funds with assets under management of Rs 73,524.4 crore, has earned an average return of 14.2 per cent via the systematic investment plan (SIP) route over the past year. READ MORE

2:16 PM

Dabur India falls 4% after Q3 update hints high inflation to dent margins

On account of challenging macro-economic environment and muted category growths in the quarter, the management anticipates to report low to mid-single digit revenue growth. READ MORE

2:09 PM

Rupee, worst emerging Asia currency of 2022, likely to fall further

The Indian rupee, emerging Asia’s worst performer in 2022, is likely to extend losses in the next fiscal year, according to Neeraj Gambhir, group executive for treasury, markets and wholesale banking at Axis Bank Ltd. READ MORE

1:59 PM

Global Check:: Most Asian markets seen trending higher

Source: Yahoo Finance

1:49 PM

Market Check:: Nifty Private Bank index cracks 1.5%

1:41 PM

Indian markets looking better in 2023: Franklin Templeton's Radhakrishnan

India stocks are expected to turn in a better performance in 2023 after undergoing time and value correction over the past year, believes Anand Radhakrishnan, Franklin Templeton’s chief investment officer, equity India. READ MORE

1:31 PM

BSE 500:: New India Assurance, GIC, MMTC, among top losers

New India Assurance down nearly 5 per cent was the top loser among the BSE 500 stocks. General Insurance Corporation of India, CCL Products, MMTC and La Opala RG, down 4 - 5 each were the other major losers so far on Friday.

1:21 PM

Oil prices rise $1 on China's reopening optimism, US' fuel inventories

Oil prices rose as much as $1 on Friday, extending gains from the previous trading session on hopes of a China demand boost and after data showed lower fuel inventories in the United States following a winter storm that hit during the year end. READ MORE

1:10 PM

Govt, RBI discussing rupee trade with S Asian nations: Shaktikanta Das

The Governor outlined six policy priorities before the South Asian region to deal with critical challenges arising due to Covid, inflation, financial market tightening and the Russia-Ukraine war. READ MORE

 

1:00 PM

BSE 500:: IDBI Bank, Godrej Industries, CEAT among top gainers

IDBI Bank up over 7 per cent was the top gainer among the BSE 500 stocks, in an otherwise weak, so far on Friday. It was followed by Godrej Industries, Radico Khaitan, Symphony and CEAT, up 3 - 6 per cent each.

 

12:52 PM

Market Check:: Sensex breaks 60K, down over 400 points