Sensex drops 208 pts, Nifty below 18,300; metal, financial stocks weak

CLOSING BELL: Adani Enterprises fell over 6 per cent, while Adani Ports, Tata Motors, HDFC, HDFC Bank, ICICI Bank, Reliance Industries, HUL, and Asian Paints declined up to 2 per cent

3:46 PM

Broader indices fare marginally better than Nifty 50; India VIX rises 4%

3:44 PM

Nifty 50 Losers:: Adani Enterprises dips 6%; HDFC twins among other top laggards

3:41 PM

Nifty 50 Gainers:: Sun Pharma, Dr.Reddy's, ITC gain over 1%

3:38 PM

Sensex 30 Heatmap:: 18 Gainers v/s 12 Losers

3:36 PM

CLOSING BELL:: NSE Nifty50 settled at 18,285, down 63 pts

3:34 PM

CLOSING BELL:: S&P BSE Sensex snaps three-day winning streak; ends 208 pts lower at 61,774

3:25 PM

Global Check:: UK stock futures crack over 1.5%; US down marginally

Source: Investing.com

3:16 PM

ALERT:: KCP Q4 net dips 46%; stock down 1%

KCP reported a 45.7 per cent decline in Q4FY23  net at Rs 14.75 crore when compared with Rs 27.17 crore in Q4FY23. Total income was up 4.4 per cent YoY at Rs 484.01 crore.

3:02 PM

ALERT:: Seamec Q4 net slips 15%; stock down 1%

Seamec posted a net loss of Rs 0.58 crore in Q4FY23. The net loss in Q4FY22 stood at Rs 0.68 crore. Total income plunged 98.5 per cent YoY to Rs 115.27 crore.

2:53 PM

Banks shine brightest in otherwise pale FY23 for India Inc, shows data

The banking sector emerged as an outlier when the rest of India Inc witnessed a slowdown in earnings in FY23. The combined net profit of listed public and private sector banks was up 39.4 per cent year-on-year (YoY) last financial year and their share in India’s gross value added (GVA) or gross domestic product (GDP) at factor cost rose to a record high of nearly 1 per cent up, from 0.8 per cent a year ago. READ MORE

2:53 PM

Banks shine brightest in otherwise pale FY23 for India Inc, shows data

The banking sector emerged as an outlier when the rest of India Inc witnessed a slowdown in earnings in FY23. The combined net profit of listed public and private sector banks was up 39.4 per cent year-on-year (YoY) last financial year and their share in India’s gross value added (GVA) or gross domestic product (GDP) at factor cost rose to a record high of nearly 1 per cent up, from 0.8 per cent a year ago. READ MORE

2:43 PM

ALERT:: Cummins Q4 net rises 61%; stock slips into red

Cummins today reported a net profit of Rs 348.91 crore for Q4FY23, up 61.3 per cent when compared with Rs 216.26 crore in Q4FY22. Total income surged 28.8 per cent YoY to Rs 2,021.30 crore.

2:31 PM

Hindalco Q4 results: Net profit falls 48% to Rs 832 cr; stock down 1%

During the quarter, the company's revenue from operations rose to Rs 19,995 crore from Rs 18,969 crore in Q4FY22. In FY23, its revenue from operations was up to Rs 76,878 crore from Rs 67,653 crore in the previous year. READ MORE

2:24 PM

Dixon, CGCEL: Consumer durable shares gain up to 9% in a range-bound market

Shares of household appliances and consumer electronics companies were trading firm on Wednesday, surging up to 9 per cent on the BSE in the intra-day trade, in an otherwise range-bound market. READ MORE

2:13 PM

Asian Market Update:: Hang Seng slumps 1.7%; Shanghai down 1.3%

Source: Yahoo Finance