Sensex tumbles 931 pts, Nifty holds 21,150; SmallCap index sheds 3.4%

Closing Bell on Wednesday December 20: Sectorally, the Nifty Media index tumbled 4.86 per cent, the Nifty PSU Bank index 4.2 per cent, the Nifty Metal 4 per cent

2:31 PM

ALERT:: Karur Vysya Bank inks pact with Geojit for wealth management products; stock down 4% amid market fall

Karur Vysya Bank in an exchange filing that it executed an agreement with Geojit Financial Services to empanel them as channel partner in offering wealth management Products.

2:17 PM

Blackstone exits Embassy REIT; sells entire 23.5% stake for Rs 7,100 cr

Global fund Blackstone has sold its entire 23.5 per cent stake in Embassy Office Parks REIT for around Rs 7,100 crore through block deal on stock exchanges, sources said. READ MORE

2:03 PM

ALERT:: MidCaps under pressure too; IOB, IRFC, IRCTC fall up to 7%

1:51 PM

ALERT:: BSE SmallCap index cracks over 2%; SpiceJet, Indiabulls Realestate tumble 7%

1:39 PM

Sensex Heatmap:: NTPC, SBI take a knock; only 6 gainers

1:28 PM

ALERT:: Sensex slips into red, down over 500 pts from day's high

1:18 PM

Asian Market Update:: Nikkei, Kopsi shine in Asian trade

Source: Yahoo Finance

1:03 PM

Angel One, Motilal: What do charts suggest for brokerage shares in 2024?

India has witnessed a phenomenal rise in investor participation, especially from the youth of the country. As of September 2023, the number of demat accounts in India surged to 12.97 crore, marking a 26 per cent year-on-year increase.  READ MORE

12:43 PM

Oil India surges 19%; ONGC hits nearly 6-year high on heavy volumes

Shares of state-owned upstream oil companies, Oil India, and Oil and Natural Gas Corporation (ONGC), surged up to 19 per cent on the BSE in Wednesday's intraday trade on the back of heavy volumes, extending their previous day's gain after the government on Monday cut the windfall profit tax on crude oil produced in the country and on exports of diesel. READ MORE

12:29 PM

ALERT :: Transformers and Rectifiers winds order worth Rs 219 cr from PowerGrid

12:19 PM

Netherlands Tata Steel plant forces choice between public health or economy

Locals have voiced concerns about the factory’s pollution for decades. However, it was only in September that the Dutch national public health agency first established a direct link between the plant and elevated lung cancer rates and reduced life expectancy in the surrounding area. READ MORE

12:06 PM

India Shelter Finance makes robust debut; lists 26% higher over issue price

The IPO attracted a healthy subscription of 38.59 times. It was a combination of a fresh issue (Rs 800 crore) and an offer-for-sale (OFS) portion (Rs 400 crore). READ MORE

11:50 AM

Profits of unlisted corporate sector have weakened in post Covid era

According to Motilal Oswal Financial Services, the unlisted corporate sector is not only much bigger than its listed counterpart, the latter has moved in a different direction vis-a-vis the former. While the financial position of listed sector has improved markedly in the post-Covid period (FY20-FY23), this is clearly not the case for the aggregate corporate sector. It means that the financial position of the unlisted corporate sector has weakened in the post-Covid period. READ MORE

11:35 AM

HCLTech hit by ransomware attack, IT major says investigation underway

In Q2FY24, HCL had posted a modest 8 per cent year-on-year revenue growth and maintained strong margins. It is also expected to report improved profitability owing to major deals during the quarter. During the second quarter, HCL Tech secured 16 significant deals, with contract values totalling $3.969 billion. Of these, 7 were in the services space and 6 in the software space. READ MORE

11:20 AM

Telcos' satellite spectrum wait may end in 5 months; Trai to fix price

With the telecommunications (telecom) Bill allowing satellite spectrum to be administratively allocated, satellite communication (satcom) providers will have to wait at least four to five months or more for the process to start. Having received all clearances, Reliance Jio and Airtel-backed OneWeb just require the necessary spectrum to start providing satcom services. READ MORE