Markets end marginally up on Friday; Sensex, Nifty down 1% in Samvat 2078

The BSE MidCap index fell about 4 per cent in Samvat 2078, while the BSE SmallCap index added 0.4 per cent

3:36 PM

NSE Nifty 50 gains 12 points, settles at 17,576

3:34 PM

Closing Bell:: Sensex ends 104 pts higher at 59,307

The S&P BSE Sensex ended 104 points higher at 59,307 on Friday. The BSE benchmark index has now gained 2,073 points in the last six straight trading sessions.

3:21 PM

BSE 500:: Shilpa Medicare, Johnson Controls, Axis Bank among volume shockers

Shilpa Medicare witnessed unusually high volume of around 18.95 lakh shares on the BSE so far as against its five-day average volume of around 19,740-odd shares. Similarly, Johnson Controls Hitachi-Air, Axis Bank, Finolex Cables and Welspun India also witnessed a significant spike in volume on Friday.

3:13 PM

RBI should focus on softening core inflation: MPC's Shashanka Bhide

"As far as monetary policy is concerned, moderation in the core inflation should be the priority," Shashanka Bhide, an external member of the Reserve Bank of India's monetary policy committee, said. READ MORE

3:04 PM

Large contracts in pipeline, deal win trend intact in medium term: Mphasis

Indian IT solutions provider Mphasis has a reasonable proportion of large contracts in its pipeline and expects its current trend of new deal wins to continue over the medium term, despite macro headwinds, a top company official said on Friday. READ MORE

2:55 PM

Global Check:: UK stock futures down up to 2%; US dip around 1%

Source: Investing.com

2:46 PM

Triveni Turbine soars 5%, hits record high on healthy business outlook

Shares of Triveni Turbine hit a record high of Rs 285.40 as they rallied 5 per cent on the BSE in Friday's intra-day trade on healthy business outlook. READ MORE

2:37 PM

The great Indian unicorn conundrum: High valuations and higher losses

After announcing plans to lay off five per cent of its workforce (about 2,500 employees), edtech unicorn Byju’s has raised $250 million from existing investors. An analysis shows that the top 10 unicorns raised $10.1 billion in funding in 2021 — 3x more than the amount raised in 2019. Byju’s accounted for 30 per cent share. READ MORE

2:26 PM

Oil price wavers as rate hike talk offsets fading China demand hopes

Oil prices were little changed on Friday as optimism about a possible rise in demand in China faded and the market again weighed the impact of sharp interest rate rises on energy consumption. READ MORE

2:16 PM

Two years on, Sebi's sandbox initiative yet to find its feet

The regulatory sandbox framework approved by the Securities and Exchange Board of India (Sebi) board in February 2020 has remained a slow starter.  Legal experts said tweaks to the existing framework are needed to give a fillip to the initiative. READ MORE

2:07 PM

Market Check:: Sensex pares gain, up 150 points in late noon deals

1:58 PM

BSE 500:: Top losers so far

Johnson Controls Hitachi-Air down 6.4 per cent was the top loser among the BSE 500 stocks so far. PB Fintech, Route Mobile, Berger Paints and Saregama India were the other major losers, down over 5 per cent each on Friday.

1:49 PM

Global Check:: Majority of the markets in Asia in negative zone

Source: Yahoo Finance

1:39 PM

Broader indices underperform in trades so far; India VIX down 2%

1:31 PM

BSE 500:: Top gainers so far

Axis Bank up 8.3 per cent was the top gainer among the BSE 500 stocks so far on Friday. It was followed by Finolex Cables, KPIT Technologies, Elgi Equipments and Shipping Corporation of India.