Sensex sheds 505 pts from summit, ends 165 pts up; PSU banks crack; IT gain

CLOSING BELL ON JULY 13, 2023: The NSE Nifty50 hit a new high of 19,567, before finishing with a modest gain of 29 points on Thursday. Broader indices ended in red.

3:40 PM

CLOSING BELL:: NSE Nifty50 gains 29 pts at 19,414

3:33 PM

CLOSING BELL:: S&P BSE benchmark hits fresh high at 66,064; ends 165 points higher at 65,559

3:19 PM

Tomato is not the villain of the surge in retail inflation in June

Contrary to popular perception, tomatoes did not fuel the retail price inflation in June. Rather, this kitchen staple continued to witness deflation, though the rate of price fall decelerated in June compared to May 2023. READ MORE

3:13 PM

HPL soars 52% so far in July; firm won smart meter orders worth Rs 903 cr

The stock hit a new high of Rs 199.85, rallied 8% in otherwise weak broader market. READ MORE

2:58 PM

ALERT:: Nifty PSU Bank index tanks 2.5%

2:49 PM

ALERT: Federal Bank Q1 net up 29% on back of decline in bad loans; stock down 5%

Total income during the quarter qnder review increased to Rs 5,757 Crore from Rs 4,081 crore in the year-ago period, Federal Bank said in an regulatory filing. READ MORE

2:37 PM

ALERT:: Jubilant Foodworks announces launch of Popeyes in Hyderabad; stock down 2%

Jubilant FoodWorks today announced the inauguration of Popeyes, the iconic US fried chicken titan, in Hyderabad. 

2:26 PM

Explained: Will 28% GST kill real-money online gaming in India?

The government plans to slap a 28 per cent tax on all forms of online gaming to discourage the youth from getting addicted to such practices. Up until now, only online gambling and betting have attracted such a steep tax. READ MORE

2:17 PM

Market Check:: Sensex pare gains, now up 300 pts

The BSE benchmark index had hit a new high at 66,064.

2:05 PM

ALERT:: Sterling and Wilson Renewable Energy Q1 loss narrows; stock jumps 2%

Sterling and Wilson Renewable Energy reported a consolidated net loss of Rs 95.36 crore for Q1FY24. In the same period a year ago the company had posted a net loss of Rs 310.15 crore. Total income, however, declined from Rs 1,211.06 crore to Rs 522.35 crore.

1:53 PM

IPO Update:: Utkarsh SFB subscribed up to 10.7 times so far on Day 2

1:44 PM

Barclays and Yes Bank raise India's inflation forecast as prices jump

Surging prices of vegetables and pulses pushed up inflation to a three-month high of 4.81% last month, ending four months of moderation. READ MORE

1:31 PM

ALERT:: Bhansali Engineering Polymers Q1 net rises 6%; stock up 1%

Bhansali Engineering Polymers today reported 5.8 per cent rise in Q1FY24 net profit at Rs 50.51 crore as against Rs 47.74 crore in Q1FY23. Total income, however, was down 10.8 per cent YoY at Rs 307.01 crore.

1:21 PM

Foxconn-Vedanta JV split credit negative for UK mining firm: CreditSights

CreditSights had previously expected a "minimal credit impact" on Vedanta Resources based on the old arrangement, as Volcan, Vedanta's holding entity was undertaking the semiconductor investments. READ MORE

1:10 PM

Asian Market Update:: Hang Seng soars 2.5%; Nikkei, Shanghai over 1%

Source: Yahoo Finance