Sensex up 350 pts, ends atop 63K; Nifty tops 18,700 amid broad-based buying

CLOSING BELL, JUNE 7, 2023: The frontline indices ended at 6-month highs

1:51 PM

Market Check:: Shares of Oil Marketing Companies rally up to 5%

1:39 PM

Suzlon Energy soars 18% to hit over 5-year high amid heavy volumes

A combined 1,121 million shares, which represented 11.1 per cent total equity of Suzlon Energy changed hands on the NSE and BSE. READ MORE

1:27 PM

ALERT :: MTNL sees sudden spike amid reports that Cabinet has approved revival package for BSNL

>> According to reports, Cabinet has approved revival package worth Rs 89,047 crore for BSNL

1:20 PM

ALERT:: Nelco invests in Piscis to enhance Satellite Communication portfolio; stock rebound, up 1%

Nelco announced its investment in Piscis Networks an OEM and one of the pioneers in providing SD-WAN solutions (Software Defined Wide Area Network) that improves network performance and reliability. 

1:08 PM

Asian Market Update:: Hang Seng, Taiwan gain up to 1%; Nikkei tumbles 1.8%

Source: Yahoo Finance 

12:56 PM

ALERT :: United Spirits in focus

12:49 PM

6 out of 10 IT firms hiring more gig workers as industry sees slowdown

Permanent jobs in the IT sector have seen a reduction of 5% this year as compared to last year, while the number of gig workers has increased by 40% READ MORE

12:38 PM

Tata Motors m-cap tops Rs 2-trillion mark

A combined market cap of Tata Motors (Rs 1.96 trillion) and Tata Motors DVR (Rs 15,171 crore) stood at Rs 2.06 trillion, the BSE data shows. Earlier, on November 17, 2021, the combined market cap of these companies stood at Rs 1.90 trillion, according to Capitaline Plus database. READ MORE

12:30 PM

ALERT :: HDFC Bank hikes overnight to 6-month lending rate by 5-15 bps

12:20 PM

ALERT :: US FDA finds safety lapses at Cipla, Lupin, Sun Pharma

12:10 PM

WATCH :: Is the National Electricity Plan's goal too ambitious?

12:00 PM

ALERT :: Onset of monsoon over Kerala likely in 48 hours, says IMD

11:48 AM

MRPL shelves plans of refinery expansion to focus on chemicals bet

Indian and Chinese refiners along with majors such as Exxon Mobil Corp. are betting on petrochemicals to underpin future oil demand as the transition to electric vehicles chips away at consumption of transport fuels. READ MORE

11:36 AM

Adani stocks still reeling from losses inflicted by Hindenburg report

While two of Adani’s 10 stocks have bounced back strongly, a full recovery to pre-Hindenburg levels looks a ways away. The group’s market value is still down more than $100 billion since Hindenburg’s Jan. 24 report, which claimed that billionaire Gautam Adani’s empire was “pulling the largest con in corporate history.” The rout had reached $153 billion at one point. READ MORE

11:25 AM

Here is what TCS Chairman N Chandrasekaran said about investing in AI

"The impact of AI and machine learning is going to be profound. There is a transition already underway from predictive AI to generative AI. Majority of the businesses are still adopting predictive AI and are on the journey of capturing large volume of data, harnessing the power of cloud and IoT. There are varying levels of adoption in companies across sectors. Leveraging generative AI would further require technology innovation and investments," Chandrasekaran told shareholders in its latest annual report for 2022-23. READ MORE