Business Standard

Monday, December 23, 2024 | 08:45 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

F&O expiry: Nifty ends Jan series near 21,350; Sensex drops 360 pts

Stock market highlights on January 25, 2024: The frontlines were dragged by Tech M, Axis Bank, Bharti Airtel, HCL Tech, Kotak Bank, HDFC Bank, Wipro, Asian Paints

Image SI Reporter New Delhi
F&O expiry: Nifty ends Jan series near 21,350; Sensex drops 360 pts

1:57 PM

DLF sales bookings jump 2-fold to Rs 13,316 cr in Apr-Dec on high demand

Realty major DLF Ltd's sales bookings jumped two times annually to Rs 13,316 crore during the first nine months of this fiscal, mainly on high demand for its luxury housing properties in Gurugram.
 
During the April-December period of the previous fiscal, the company's sales bookings stood at Rs 6,599 crore. Read 
DLF
1:48 PM

Brookfield planning $1.2 billion of debt to buy India assets: Reports

Brookfield Asset Management is planning to raise about $1.2 billion of debt to fund the acquisition of American Tower Corp’s assets in India with the deal likely closing this year itself, according to people familiar with the matter. Read
Brookfield (Photo: Bloomberg)
1:35 PM

HPCL sinks 5% on weak Q3 results

Q3 profit comes at Rs 529 crore, down from Rs 5,118 crore in Q2. 
1:17 PM

One year of Hindenburg: Adani group up, recouping market cap losses

A year after the publication of a damaging report by US-based Hindenburg Research against the Gautam Adani-group, the conglomerate is up and running—recouping most of the market capitalisation losses, attracting investments from the world’s leading money managers, and almost escaping unscathed from the regulator. Read
Adani
1:06 PM

Sterlite Tech reports loss of Rs 57 crore; stock dips 5%

Net loss comes at Rs 57 cr from profit of Rs 34 crore in Q3FY24. 
 
Revenue falls 12% to Rs 1,322 cr QoQ
12:50 PM

Stock from Madhuri Madhusudan Kela's portfolio has zoomed 54% in 2 months

Shares of Sangam (India) surged 7 per cent on BSE to hit a record high of Rs 491 in Thursday’s otherwise weak market amid heavy volumes.
 
The stock of the textiles and apparel company surpassed its previous high of Rs 488.40 touched on January 8. In the past two months, the stock has zoomed 54 per cent. Read
Stock market
12:37 PM

Premji gifts 10 mn equity shares of Wipro worth over Rs 480 cr to his sons

Wipro founder Azim Premji has transferred 10.2 million equity shares of Wipro held by him to his two sons --Rishad Premji and Tariq Premji-- as 'gift', according to exchange filing.
 
The Wipro scrip is currently valued at Rs 472.9 per share, and at roughly this value, the transferred shares will amount to a whopping Rs 483 crore. Tech magnate Azim Premji's son Rishad Premji currently helms Wipro as its Executive Chairman, and is a prominent face of the IT industry. Read
Azim Premji, wipro
12:28 PM

Chart view: Which sectors did foreign investors pour money into in 2023?

Foreign portfolio investors invested heavily in financial and industrial stocks in December 2023, followed by consumer discretionary and IT stocks, shows data analysed by Kotak Institutional Equities. In the calendar year 2023, financials saw FPI net flows of $6012 million and industrial stocks saw flows of $7127 million. Read
Sensex, Nifty, stock brokers
 
12:11 PM

A game of bluff scuttled Sony-Zee's plans to create $10 bn media giant

In November, Sony Group Corp.’s lawyers got a nasty surprise during a routine call from the legal team of Zee Enterprises Entertainment Ltd.  
Nearly two years into tortuous merger negotiations to create a $10 billion Indian entertainment giant, Zee wanted the Japanese company to agree to a so-called “hold harmless” clause for its Chief Executive Officer, Punit Goenka, just weeks before the Dec. 21 deal deadline. Read
Sony-Zee
11:58 AM

Budget 2024: Key announcements made in previous interim budget in 2019

Budget 2024: Finance Minister Nirmala Sitharaman will announce her sixth Budget on February 1. However, this will be an interim Budget, and a full-fledged one will be presented after the Lok Sabha elections later this year. Read
interim budget, Interim Budget 2019. Piyush Goyal
11:44 AM

Bajaj Auto hits new peak, gains 4% in weak market on healthy Q3 results

Shares of Bajaj Auto hit a new peak of Rs 7,499, up 4 per cent on the BSE in Thursday’s intra-day trade after the two-wheeler major reported its highest-ever quarterly EBITDA (earnings before interest, taxes, depreciation, and amortization) at Rs 2,430 crore, up 37 per cent year-on-year (YoY) in December quarter (Q3FY24). Read
Bajaj Auto, Triumph Motorcycles to firm up partnership agreement soon
11:31 AM

US growth likely slowed last quarter but still exhibited resilience

The nation's economy was supposed to have sunk into recession by now, dragged down by the highest interest rates in two decades and a resulting slump in borrowing and spending. Read
US economy, consumers
11:18 AM

Market Check: Sensex sinks 570 pts to day's low

11:06 AM

Indian Bk up 8%, hits new high on solid Q3 nos; Motilal expects more upside

Shares of Indian Bank hit a record high of Rs 478.60, as they surged 8 per cent on the BSE in Thursday’s intra-day trade backed by heavy volumes in an otherwise weak market owing to strong December quarter (Q3FY24) results. The bank's net profit jumped 52 per cent to Rs 2,119 crore, on the back of improvements in core income and a reduction in bad loans. It had posted profit of Rs 1,396 crore in a year ago quarter. Read
Indian Bank
10:52 AM

Tech Mahindra slips 6% as investors book profit post Q3FY24 results

Shares of Tech Mahindra slipped 6 per cent to Rs 1,322 on the BSE in Thursday's intraday trade as investors booked profit in the shares after the company reported a 60.6 per cent year-on-year (Y-o-Y) decline in net profit to Rs 510.4 crore for the December quarter (Q3FY24). Read
Tech Mahindra

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 25 2024 | 7:58 AM IST

Explore News