Sensex ends 267 pts up; Adani Group stocks shine; Jio Fin dips 5% on debut

CLOSING BELL ON AUGUST 21, 2023: The NSE Nifty 50 ended with a gain of 84 points at 19,394. Jio Financial Services settled at the 5 per cent lower circuit on debut on Monday.

11:11 AM

PNB Housing Finance jumps 8% on recovery of Rs 784 crore corporate NPA

Shares of PNB Housing Finance surged 8.5 per cent to Rs 688 per share on the BSE in Monday's intra-day trade after it fully recovered its large corporate non-performing account (NPA) of Rs 784 crore (~1.3 per cent of loan assets as of June 30, 2023). READ

11:00 AM

Jio Financial lists at Rs 265, becomes 33rd most-valued co; should you buy?

Shares of Jio Financial Services (JFS), the demerged unit of Reliance Industries (RIL), listed at Rs 262 on the National Stock Exchange (NSE) and at Rs 265 on the BSE on Monday, August 21. Post listing, the stock turned volatile as it hit a high of Rs 278.20 and subsequently a low of Rs 251.75 on the BSE; whereas on the NSE, it hit a high of Rs 262.05 and a low of Rs 248.90. READ

10:51 AM

Textile stocks in demand; Gokaldas, Indo Count, KPR surge up to 6%

Shares of textiles companies rallied up to 6 per cent on the BSE in Monday’s intra-day trade on expectations of improvement in business outlook. Gokaldas Exports, Indo Count Industries, KPR Mill and Himatsingka Seide were up in the range of 3 per cent to 6 per cent, hitting their respective 52-week highs. In comparison, the S&P BSE Sensex was up 0.21 per cent at 65,087 at 10:32 AM. READ

10:39 AM

Rupee outperforms its EM Asia peers even as it approaches record low

The improved economic fundamentals are why the currency is largely holding its own against the dollar - it's down just 0.5 per cent this year and is Asia's third-best performer. READ

10:28 AM

SoftBank sells a part of its stake in IPO-bound FirstCry for Rs 435 crore

Three Indian family investment offices have reportedly acquired stakes in SoftBank-backed e-commerce firm FirstCry for about Rs 435 crore. These investors are Ranjan Pai's MEMG Family Office, Harsh Mariwala's Sharrp Ventures, and Hemendra Kothari's DSP Family Office, according to an Economic Times report. READ

10:17 AM

KEC International zooms 8% on securing multiple orders worth Rs 1,007 cr

Shares of KEC International zoomed 8 per cent to a high of Rs 674 in Monday's intra-day deals on healthy volumes on the BSE as the compay secured multiple contracts. 

 

At 09:50 AM, the stock was trading 4.5 per cent higher at Rs 652 on volumes of around 37,000 shares as against the two-week average volume of around 13,000 shares on the BSE. Meanwhile, the S&P BSE Sensex was up 0.3 per cent at 65,133. READ

10:08 AM

Reliance slides over 1% after flat start for Jio Financial

10:01 AM

LISTING ALERT: Jio Financial debuts at 5% gain on BSE; flat listing on NSE

BSE discovered price was Rs 251; stock lists at Rs 265
NSE discovered price was Rs 261.85; stock lists at Rs 262

9:56 AM

Murugappa Group stocks gain as family feud settled out-of-court

9:53 AM

IDBI Bank weak; report says bank's divestment unlikely this fiscal

Report source: Livemint.com

9:50 AM

Tanla sinks 3% on not extending deal with Voda Idea

The company, which had entered into a 2 year long term sheet with Vodafone Idea for provision of platform and firewall services for international A2P services in November 2021, said this partnership will not continue beyond the initial term, adding this would have a revenue impact of Rs 17 crore and PAT impact of Rs 9 crore on a full-quarter basis post November 2023.

9:45 AM

Jio Financial eyeing muted listing

The stock's previously discovered price: Rs 261.85 

9:42 AM

RIL weak ahead of Jio Financial debut

9:37 AM

KEC up 5% on Rs 1,007 crore-order win

9:34 AM

PNB Housing Finance surges 5% on Rs 784 crore-NPA recovery

PNB Housing Finance resolved and fully recovered corporate Non-performing account of Rs 784 cr. The Gross NPA of the Company stood at Rs 2,270 cr and Loan Asset was Rs 60,395 cr as on June 30, 2023.