Sensex tumbles 284 pts, Nifty below 18,800; Bajaj Fin, TaMo fall 2%, RIL 1%

Closing Bell on June 22, 2023: The S&P BSE Sensex hit a fresh record high of 63,602 in intra-day trades on Thursday

3:33 PM

CLOSING BELL:: NSE Nifty50 settles with a loss of 86 points at 18,771

3:32 PM

CLOSING BELL:: S&P BSE benchmark hits new peak at 63,601.71; ends in red, down 284 pts at 63,239

3:24 PM

Rupee likely to strengthen to 80-per-dollar in 2024: BofA India treasurer

The Indian rupee is likely to strengthen beyond the 80-per-dollar level in 2024, helped by foreign inflows, while the benchmark 10-year bond yield could rise towards 7.20%, Bank of America's (BofA) top India treasury executive told Reuters on Thursday. READ MORE

3:15 PM

Brent crude falls 0.6% to $76.65 with interest rates, inventories in focus

Oil futures dipped slightly on Thursday, with trader expectations of further interest rate hikes countered by potentially bullish U.S. oil inventory data after preliminary figures showed a fall in stocks. READ MORE

3:09 PM

ALERT:: Fortis Healthcare to sell Chennai biz to Kauvery Group; stock down 0.7%

Fortis Healthcare today announced signing of definitive agreements for sale of its hospital business operations at Vadapalani, Chennai to Sri Kauvery Medical Care (Kauvery Group of Hospitals) in an all-cash deal worth Rs 152 crore. 

2:59 PM

ALERT:: GE Aeropspace sings accord with HAL; stock down 0.8%

GE Aerospace's F414 engines to be co-produced in India, reports CNBC-TV18

2:49 PM

ALERT:: L&T inaugrates new facility in Saudi Arabia; stock up in a weak market

Larsen & Toubro (L&T) today expanded its hi-tech manufacturing capability, inaugurating a new state-of-the-art, advanced Heavy Wall Pressure Vessel facility in Saudi Arabia, as a part of the IKTVA initiative of Aramco and Saudi Vision 2030, to enhance local content.

2:37 PM

Rupee globalisation to spur easier trade with other nations: Ex-RBI dy guv

"India's share of global trade, both exports and imports, is around 7%," said Thorat. "Similarly the share in financial flows is also around the same". READ MORE

2:27 PM

ALERT:: Madhav Infra Projects wins Rs 37 crore order

Madhav Infra Projects has won a Rs 37.07 crore order from Public Work, Bridge Construction department divsion, Sagar, Madhya Pradesh. 

2:21 PM

ALERT:: Market breadth fairly negative

2:09 PM

Arvind rallies 5%, hits 52-week high in subdued market on improved outlook

Arvind expects garment volumes to start improving in the second half of the year despite the soft economic outlook globally as customers become comfortable with the economic outlook and resume buying. READ MORE

1:58 PM

ALERT:: BSE MidCap index down 0.8%; IDFC First, L&T Finance fall over 4%

1:50 PM

ALERT:: L&T, DRDO to jointly work for Navy project; stock up 0.8%

DRDO and L&T join hands for realisation of Indigenous Air Independent Propulsion (AIP) System for Submarines of Indian Navy.

1:38 PM

Beijing breaches 40 deg C for first time in 9 yrs as heatwaves return

Last week, national weather bureau issued an alert for heat stroke, almost a fortnight earlier than in previous yrs, as new record temperatures for the month of June assailed cities across north China. READ MORE

1:28 PM

ALERT:: Natural Capsules gets Rs 75 cr investment from healthcare-focussed equity fund; stock marginally up

Somerset Indus Capital Partners, known for its expertise in the healthcare sector, has invested approximately Rs 75 crore, at a pre-money valuation of Rs 250 crore, in Natural Capsules Limited. As a result of this transaction, Somerset will hold a stake of between 23 per cent and 28 per cent in the company.