Sensex, Nifty end flat; Adani shares rally for 3rd day, SpiceJet sinks 14%

CLOSING BELL: Adani Enterprises led from the front with a near 13-per cent rally, followed by Divis Labs, Bajaj Finserv, BPCL, SBI Life, TC, Asian Paints, Tata Motors, and IndusInd Bank (1 per cent)

3:43 PM

Nifty 50 Gainers:: Adani Enterprises soars over 13%; Divi's Lab, Bajaj Finserv shine

3:40 PM

Sensex 30 Heatmap:: 13 Gainers v/s 17 Losers

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3:37 PM

CLOSING BELL:: NSE Nifty50 settles at 18,348 - up 34 pts

3:35 PM

CLOSING BELL:: S&P BSE Sensex slips over 300 pts towards the close, ends 18 pts higher at 61,982

 

3:27 PM

India, Mexico 'Best Structural Stories' in emerging markets: Global X

The two countries are undertaking political, fiscal and tax reforms, which create a better competitive environment for businesses to operate in, said Malcolm Dorson, senior portfolio manager at Global X Management in New York. READ MORE

3:17 PM

ALERT:: J Kumar Infraprojects Q4 net flat at Rs 74 cr; stock down 2%

J Kumar Infraprojects reported an indentical net profit of Rs 74 crore for Q4FY23 as against Q4FY22. Total income edged 1.8 per cent YoY higher to 1,134 crore.

3:01 PM

ALERT:: Kopran, Abhinandan Rasayan asset acquisition agreement terminates; stock down 1%

Kopran informed BSE, that the agreement entered into by Kopran Research Laboratories, the wholly-owned subsidiary of Kopran with M/s Abhinandan Rasayan located at MIDC - Ambernath, for acquisition of their assets of Manufacturing facility at Ambernath was terminated. 

2:50 PM

ALERT:: Indoco Remedies Q4 net drops 37%; stock down 2%

Indoco Remedies posted a net profit of Rs 25.37 crore for Q4FY23, down 37.2 per cent when compared with Rs 40.37 crore in Q4FY22. Total income, however, was up 4.6 per cent YoY at Rs 427.95 crore.

2:37 PM

SpiceJet tanks 19%, crashes to near 8-year low on heavy volumes

Average trading volumes on the counter jumped over eight-fold with around 11.47 million equity shares, representing 1.9 per cen of total equity of SpiceJet changing hands on the BSE till 01:50 pm. READ MORE

2:16 PM

Palm oil import in May to hit 27-mnth low, traders switch to soy, sunflower

The surprising drop in palm oil imports by India, the world's biggest importer of vegetable oils, could bring down palm oil prices. READ MORE

2:03 PM

NEWS ALERT:: Trent sets-up 50:50 JV with MAS Amity; stock trades flat

Trent informed BSE, that it has incorporated a 50:50 Joint Venture Company with MAS Amity in India viz., Trent MAS Fashion on May 22, 2023, for undertaking the business of design, development and manufacture of intimate apparel and apparel related products.

 

1:51 PM

International securities watchdog proposes global rules for crypto sector

The moves come after crypto exchange FTX began US bankruptcy proceedings last November following a liquidity crisis that prompted intervention from regulators worldwide. READ MORE

1:51 PM

ALERT :: GQG raises stake in Adani Group

1:40 PM

OMCs extend gains on improved operational performance; IOC hits 52-week high

In the past six months, IOCL (up 28%), HPCL (up 22%) and BPCL (up 19%) have outperformed the benchmark S&P BSE Sensex index. READ MORE

1:28 PM

ALERT:: SpiceJet announces special fare to celebrate 18th Anniversary; stock off lows, still down 14%

As part of its celebrations for completing 18 years of flying high in the Indian skies; SpiceJet announced the launch of two international UDAN fligths, and a mega sale with fares starting as low as Rs 1,818, the company said in a release to the BSE.

 

The airline also aims to bring its four grounded aircrafts back into service by June 15, the release added.