Banks, Metals, Capital Goods lift Sensex 213 pts; Adani Group shares slip

CLOSING BELL ON AUGUST 23, 2023: The NSE Nifty 50 ended with a gain of 48 points; Shares related to Chandrayaan-3 mission were also in demand on Wednesday.

8:55 AM

ALERT :: Japan's factory activity shrinks at slower pace in August

>> Japan's factory activity shrank for a third straight month in August amid higher oil prices and uncertainty over the global economic outlook, although the pace of decline slowed, a private sector survey showed on Wednesday.

 

>> The au Jibun Bank flash Japan manufacturing purchasing managers' index (PMI) edged up to a seasonally adjusted 49.7 in August from 49.6 in July.

>> Output and new orders in the manufacturing sector shrank for a third straight month in August but at a slower pace than the previous month. Employment was unchanged, snapping 28 straight months of expansion.

Source: Reuters

8:50 AM

Maruti Suzuki India to double car dispatch through rail in three years

In the last eight years, MSIL increased its car dispatches by five times. In FY15, the company had transported just 65,700 units by rail. READ MORE

8:46 AM

BSE, NSE fines Rs 2 lakh each on Adani Green Energy for non-compliance

Adani Green Energy said that the non-compliance has occurred due to untimely demise of a women director and the exit of an independent director. READ MORE

8:40 AM

Improving growth prospects powering Power Finance Corp, REC stocks

All analysts polled this month are bullish on the two power financiers and see further gains of 19-20 per cent in the next one year. READ MORE

8:35 AM

WATCH VIDEO | As bond yields rise, what should be your debt market strategy?

8:29 AM

NBFCs, IT sector biggest draw for equity mutual funds in July, shows data

MFs sold a net of Rs 5,600 crore worth of industrial sector stocks in the April-July period. READ MORE

8:26 AM

BSE postpones removal of Jio Financial Services from indices to August 29

BSE's circular said that if JFSL continues to hit the lower circuit in the next two days, the removal date will be deferred by another three days. READ MORE

8:21 AM

Buy Tata Communications, India Glycols, recommends HDFC Securities

On the broader market outlook, Vinay Rajani the technical & derivative analyst says the Nifty may find a directional move on breakout from the 19,270-19,500 trading band. READ MORE

8:14 AM

Nifty IT index looks bullish, can rally up to 7%; FMCG may consolidate

According to Ravi Nathani, an independent technical analyst, the IT index could see a fresh wave of buying enthusiasm on clearing the minor resistance zone of 31,200-31,400. READ MORE

8:08 AM

Gift Nifty signals a flat start to trade

8:00 AM

Bitcoin tests $26,000-mark

7:55 AM

S&P Global downgrades multiple US banks on growing liquidity worries

S&P Global followed Moody’s in cutting its credit ratings and outlook on multiple US regional banks, saying higher funding costs and troubles in the commercial real estate sector will likely test the credit strength of lenders. READ MORE

7:51 AM

How China's faltering growth threatens to derail commodities markets

Commodities have so far held up better than other assets as the economy has worsened. Freed from the constraints of the pandemic, fuel consumption has risen. READ MORE

7:46 AM

Brent Crude steady above $84 per barrel

source: oilprice.com

7:42 AM

South Korea's Kospi fell 0.4% in Wednesday's deals