Stock Market Highlights: Sensex ends 456 points lower after a choppy session

Stock Market Highlights on Tuesday, April 16: Exide Industries, Titagarh Wagons, GE Shipping, Cochin Shipyard, Radico Khaitan and GSPL were among the top smallcap gainers

2:05 PM

Senco Gold extends rally, up 33% in 2 days; Emkay sees 15.6% upside

Senco Gold shares extended its rally on Tuesday as they soared as much as 12.03 per cent to hit a fresh record high of Rs 1,065.65 per share. READ MORE

1:51 PM

Srinivas Pallia sold his entire stake in Wipro before taking over as CEO

On April 6, Wipro, the fourth largest software services firm in India, announced the unexpected departure of former CEO Thierry Delaporte and Pallia was made the top boss. READ MORE

1:39 PM

IT major LTIMindtree slumps 4% after two senior executives step down

The IT major, on Monday informed the exchanges that Pankaj Chugh, executive vice president, global sales and Gregory Dietrich, executive vice president, global sales, resigned from the services. READ MORE

1:25 PM

This multi bagger stock is down in the dumps now; Check why

Ashnisha Industries stock price has plunged over 53 per cent in the March quarer, with retail shareholding rising sharply to 82.37 per cent. READ MORE

1:06 PM

Goldman Sachs bullish on Indian CDMO sector, recommends buying these stocks

Goldman Sachs attributes India's underpenetrated CDMO and CRO market to smaller capacities, lack of Innovation with little collaboration between Industry and academia. READ MORE

12:51 PM

Joe Biden unlikely to cut Iran's oil lifeline after Israel attack

Several analysts suggested Washington might take some action to cut Iran's oil exports in part to temper any Israeli reaction to the Iranian strikes, which could escalate the conflict. READ MORE

12:38 PM

Ola Impact: TVS Motor share price can slide up to 14%, suggests chart

Among others, Bajaj Auto stock may slip up to 5 per cent, while Aether Industries is expected to trade on a range-bound note, technical charts indicate. READ MORE

12:12 PM

Broader markets trade in green in a weak market

11:43 AM

RBI to banks: Can't charge extra without mention in key fact statement

The Reserve Bank of India (RBI) on Monday issued a directive that prohibits banks and other regulated entities from levying additional fees on loans that are not previously disclosed in the Key Fact Statement (KFS). The notification stipulates strict adherence to these guidelines for all new retail and MSME term loans sanctioned from October 1 onwards, including loans issued to existing customers.

“Any fees, charges, etc., which are not mentioned in the KFS, cannot be charged by the REs to the borrower at any stage during the term of the loan, without explicit consent of the borrower,” the regulator said. Read more

11:34 AM

Asian markets update

11:22 AM

Small finance bank stocks are on an uptrend. Does the rally have more legs?

Shares of small finance banks (SFBs) flexed muscles on the bourses in the month of April, after their March quarter business updates showed double digit growth in advances and deposits.

Ujjivan Small Finance Bank stock price has jumped 21.6 per cent so far this month, stock price of Suryoday SFB has surged 17.9 per cent. Read more

11:00 AM

Top financial regulators plan panel to weigh risks in derivatives market

India's top financial regulators will form a committee to assess stability risks emerging from a surge in derivatives markets and suggest policy changes if required, two sources familiar with the matter said.

 

Options trading in India has soared in the last five years, fuelled mainly by retail investors. The notional value of index options traded more than doubled in 2023-24 to $907.09 trillion from $447.69 trillion a year ago, exchange operator NSE says. Read more

10:41 AM

Jio Fin Services zooms 5% on announcing new broking, wealth management biz

Shares of Jio Financial Services jumped 4.8 per cent intraday at Rs 271.95 on Tuesday amid announcement of new broking and wealth management venture. The stock of the company had hit a 52-week high of Rs 378 on April 8, 2024, while it hit a 52-week low of Rs 204 on 24 October, 2023. 

At 10:11 AM, the company’s share was trading 3.44 per cent higher at Rs 366.60. In comparison the S&P BSE Sensex was trading 0.49 per cent lower at 73,038 levels. A combined over 6.63 million shares of the company changed hands on the BSE. Read more

10:33 AM

Vodafone Idea falls 4%; Rs 18,000-crore FPO anchor book to open today

Shares of Vodafone Idea dropped as much as 3.95 per cent to hit an intraday low of Rs 12.64 per share. The drop comes in reaction to the follow-on public offering (FPO) anchor book, which will open today.

Vodafone Idea shares have plunged 25.19 per cent year-to-date (YTD), but have surged 7 per cent in the past 6 months. Read more

10:28 AM

Srinivas Pallia sold his entire stake in Wipro before taking over as CEO

Srinivas Pallia, who has been a part of Wipro for over three decades, divested all his shares valued at Rs 5 crore in the company approximately a month and a half prior to his appointment as the new chief executive, according to a report by The Economic Times (ET).

Pallia sold his 100,000 Wipro shares through a 'market sale' on February 14 this year, with the transaction being reported to the exchange on February 15. Read more