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)

7:45 AM

ALERT:: Bajaj Electricals Q4 net jumps over 39%; stock up 2%

Bajaj Electricals Q4FY23 net profit surged over 39 per cent to Rs 58.66 crore when compared with Rs 42.11 crore in Q4FY22. Total income was up 12.9 per cent YoY at Rs 1,524.37 crore.

7:36 AM

Asian Market Update:: Hang Seng, Shanghai dip up to 1.5%

Source: Yahoo Finance

7:11 AM

Analysts see 24% upside in IndiGo; suggest tracking costs, airfare cap

At Rs 919 crore, InterGlobe Aviation, the parent firm of low-cost airline IndiGo, posted its best-ever fourth quarterly net profit in the January-to-March quarter (Q4) of financial year 2022-23 (FY23). READ

7:01 AM

Divi's Lab surges 10% in two days on strong revenue growth guidance

Shares of Divi’s Laboratories rallied 4 per cent to Rs 3,407 on the BSE in Tuesday’s intra-day trade. In the past two days, the stock of the pharmaceutical company has surged 10 per cent as the company’s management expects margins to normalize by the end of FY24 and has guided for a double digit revenue growth. READ

6:43 AM

Fund-raising by Indian IPOs declining quicker than global peers in 2023

The amount of money that Indian companies have raised from the stock market in 2023 has shrunk quicker than their global peers. READ

6:27 AM

Nifty IT index reclaims 200-DMA; what does this mean for IT stocks?

So far this year, Persistent Systems is the top contender surging close to 30 per cent, while Infosys remains as the top loser, plunging 14 per cent. READ

 

6:14 AM

IndusInd Bank gains 15% in one month; nears 52-week high on healthy outlook

Shares of IndusInd Bank hit an over three-month high of Rs 1,266.65, up 2 per cent on the BSE in Tuesday’s intra-day trade on healthy business growth outlook. The stock of private sector lender was trading at its highest level since January 2023. It had registered its 52-week high at Rs 1,275.25 on September 20, 2022. READ

6:03 AM

Rs 2000 notes may be changed through RBI offices post Sep 30: Report

5:46 AM

Start exchanging Rs 2,000 notes from today; how to do it and other details

The bank customers can also deposit the Rs 2,000 notes in their bank accounts and withdraw them from an ATM or bank branch later. READ

5:35 AM

eMudhra hits new high, zooms 57% in one month post Q4 results

Shares of eMudhra hit a new high of Rs 419, up 3 per cent on the BSE in Tuesday’s intra-day trade. In past one month, the stock of IT enabled services has zoomed 57 per cent after the company reported a good set of numbers for the quarter ended March (Q4FY23). In comparison, the S&P BSE Sensex was up 3.5 per cent during the same period. READ

5:24 AM

Core inflation still remains elevated, may not fall below 5% in FY24

Along with overall retail price inflation, core inflation (relating to the non-food, non-fuel items) came down in April below six per cent for the first time in 11 months. Core inflation fell to an 11-month low of 5.7 per cent in April from six per cent in the previous month. Overall inflation declined to an 18-month low of 4.7 per cent in April from 5.7 per cent in the previous month. READ

5:12 AM

MARKET CHECK: Sensex extends gains; up 230 points

5:04 AM

Analysts see rich valuations for paint, tyre stocks; time to book profit?

Amid cooling raw material prices, the crude-oil linked companies crude oil-linked companies, which includes paint and tyre firms, have been on a roll over the past one year. Shares of related companies have gained up to 84 per cent, as against a 14 per cent rise in the S&P BSE Sensex. Analysts, however, believe stretched valuations in both these sectors could trigger a de-rating. READ

4:45 AM

Gold, silver price remain unchanged; yellow metal trading at Rs 61,410

Gold price were unchanged in Tuesday's early trade with 10 grams of the yellow metal (24-carat) trading at Rs 61,410, according to the GoodReturns website. The price of silver also remained steady at Rs 75,000 per kilogramme. READ

4:35 AM

Adani Group shares extend rally; Adani Enterprises zooms 42% in 3 days

Adani Wilmar was locked in the 10% upper circuit, while, Adani Transmission, Adani Green Energy, Adani Total Gas, and NDTV were locked in 5% upper circuit for the second straight day. READ