Sensex sinks 294 pts as RBI keeps repo rate unchanged, Nifty nears 18,600

CLOSING BELL, JUNE 8, 2023: Sun Pharma, Kotak Bank, Tech M, M&M, Axis Bank, HUL, Tata Motors, TCS, Nestle India, and Bajaj twins dropped between 1 per cent and 3 per cent

10:04 AM

RBI Policy LIVE: Indian financial sector remains resilient, says Das

>> Headline inflation on downtrend in many countries but remain above targets
>> Central banks remain watchful

10:01 AM

RBI Policy LIVE: Guv Das begins monetary policy statement

9:52 AM

Hatsun Agro jumps 4%; board to mull sale of windmill division on July 5

The Board will meet on July 5, 2023, to consider and approve the proposal for the Sale of Windmill Division of the company by way of transfer of all the assets and liabilities related to that on a 'Slump Sale' basis to the prospective buyer. 

 

9:49 AM

Haldyn Glass slips 2%; Vadodara furnace to remain shit; profits to take a hit

The company said that one of the furnace at a plant, located at Gavasad Village, Vadodara, will remain shut for a period of 90 days from June 8, 2023, to undertake relining. This, it said, will impact the production and profitability during the forthcoming quarter. 

9:45 AM

Tata Motors continues to hold strength; up 1%

India’s market leader in electric vehicles (EVs) Tata Motors is looking to increase localisation of its EVs to 85 per cent by 2025 with an eye to reduce 15 per cent in component costs, the firm said in an investor presentation on Wednesday. 

9:44 AM

OMCs drop up to 2%; Reports say govt urges cos to cut prices

9:42 AM

ALERT :: SpiceJet partners with FTAI Aviation to revitalise fleet

>>  FTAI Aviation Ltd. will provide SpiceJet with up to 20 engines for lease, inclusive of maintenance services.

>> The first engines will be used to support the re-activation of SpiceJet's aircraft fleet over the next 2-3 months and will be critical for service on new routes.

9:39 AM

Titagarh Wagons up 3%; board to mull fund raise on June 10

9:34 AM

Jindal Poly surges 9% on plan to buy JPF Netherlands Investment

The company has now entered into an agreement to acquire the 100% shareholding of JPF Netherlands Investment B.V, which is based in Netherlands and engaged into the business of packaging films business. The products are mainly used as flexible packaging in foods, pharma, and luxury industry.

9:30 AM

Metal, Auto, PSB indices defy sectoral weakness

9:27 AM

SmallCap, MidCap indices hold tepid gains

9:24 AM

BPCL, Eicher Motors among top Nifty drags

9:23 AM

JSW Steel, Hero Moto, ONGC top Nifty gainers

9:21 AM

HEATMAP: NTPC, Power Grid lead gains on Sensex

9:19 AM

OPENING BELL: Nifty opens largely flat