Sensex soars 556 pts, Nifty tops 19,400; Metal index rallies 3%, Auto 2%

Closing Bell on September 1, 2023: In the broader markets, the BSE MidCap and SmallCap indices added 0.75 per cent each

9:56 AM

Market Check :: Sensex gains momentum

9:45 AM

Steel Strips Wheels achieves net turnover of Rs 389.77 crore in August '23; stock up 2.6%

>> This is against Rs 352.93 crore in Augusl 2022, recording a growth of 10.44 % YoY

>> SSW achieves gross turnover of Rs 471.24 crore in August 2023 vs Rs 436.67 crore in August 2022, thereby recording a growth of 7.92 % YoY

9:41 AM

IDFC First Bank slips 2% amid block deal

>> 281 million shares (4.5% equity) worth Rs 2,526 crore change hands at Rs 90/share

9:38 AM

ITD Cementation winds contract worth Rs 3,290 crore; stock soars 13%

>> The company has secured a marine contract worth approximately Rs 3,290 crore excluding GST.

9:37 AM

Genus Power freezes at 5% upper circuit on order win worth Rs 2,247 crore

>>  Genus Power Infrastructures Limited's step-down wholly owned subsidiary has received a letter of award (LA) worth Rs 2,247.37 crore (net of taxes) for 24.18 lakh Smart Prepaid Meters

9:35 AM

TV18 Broadcast zooms over 4% as Viacom18 bags rights to broadcast cricket matches

>> Reliance Industries-owned joint venture Viacom18 won the Board of Control for Cricket in India's (BCCI) media rights for $721.41 million to broadcast international and domestic games from September 2023 to March 2028, the cricket administrator said on Thursday.

9:31 AM

Five-Star Business Finance falls over 4% after 9% equity changes hands

>> About 27 million shares (9.2% equity) worth Rs 1,980 crore change hands at Rs 735/sh 

>> According to reports, Private equity investors were to sell about 8.8 per cent equity in Five-Star Business Finance Ltd via a block deal.

>> Matrix Partners, TPG Asia, and Norwest Ventures were reportedly looking to sell their stake at an offer floor price of Rs 724 per share, a near 6.25 per cent discount from the current market price (CMP), the report added. 

9:28 AM

Bajaj Auto rises on better-than-expected August sales

>>Bajaj Auto's total sales drop 15% YoY to 341,648 units

Click here for details

9:26 AM

Escorts Kubota trades in red amid weak Aug sales data

9:25 AM

ATF prices hikes by 14% amid rising crude prices; IndiGo in red

9:24 AM

Vedanta holds gains despite OCCRP report

>> Vedanta ran a "covert" lobbying campaign to weaken key environmental regulations during the Covid-19 pandemic, the Organised Crime and Corruption Reporting Project (OCCRP) said in an article on Thursday.

9:22 AM

Broader markets swim in a sea of green

9:20 AM

Sectoral trends :: All but financials in green

9:19 AM

Sensex Heatmap :: Metals, Autos hold fort for 30-pack index

9:18 AM

Opening Bell :: Nifty inches towards 19,300