Sensex, Nifty end flat after hitting record highs; broader indices gain 1%

Closing Bell on September 14, 2023: Sectorally, the Nifty PSU Bank index gained 1.64 per cent, the Nifty Metal index added 1.5 per cent, and the Nifty Realty eked out gains of 1.4 per cent

8:44 AM

Active mid, smallcap funds lag behind benchmarks amid red-hot rally

Active midcap and smallcap mutual fund (MF) schemes, which generally outperform their benchmarks with ease, have lagged behind them in the ongoing rally. This has happened because of multiple factors such as the underperformance of their largecap allocations and a sharp rally in some sections of the market where active fund managers have limited exposure. READ

8:39 AM

City gas distributors optimistic about long-term growth prospects

The city gas distribution (CGD) companies are optimistic about long-term growth prospects as their robust balance sheets are capable of handling investments through low or zero leverage, given the strong operating cash flow. READ

8:35 AM

Adani Group receives certification for India's largest wind turbine

Adani Wind, the wind energy solutions division of Adani New Industries Limited (ANIL), on Wednesday announced that its 5.2 MW Wind Turbine Generator (WTG), which is India's largest, has received type certification from WindGuard GmbH. READ

8:31 AM

Rupee closes 6 paise weaker on Wednesday

8:27 AM

India among top 10 best performing market, gains nearly 3% in dollar terms

India is the best-performing market among the top 10 this month, having gained nearly 3 per cent in dollar terms. This outperformance has allowed the benchmark National Stock Exchange Nifty to close above the 20,000 mark for the first time. READ

8:23 AM

Zaggle Prepaid Ocean Services raises Rs 253 cr from anchor investors

Fintech player Zaggle Prepaid Ocean Services on Wednesday said it has mobilised Rs 253.52 crore from anchor investors ahead of its initial public offering (IPO).

 

The company has allocated 1.54 crore equity shares to 23 entities at Rs 164 apiece, according to a circular uploaded on the BSE website. READ

8:19 AM

Oil prices rises as expected supply cuts offset inflation concerns

Oil prices traded higher on Wednesday as expected tight crude supply for the rest of the year offset inflation concerns.

 

Saudi Arabia and Russia's extension of 1.3 million barrels per day (bpd) of crude oil production cuts to the end of this year will lock in a substantial market deficit through the fourth quarter, the International Energy Agency (IEA) said on Wednesday. READ

8:16 AM

JSW Infra's IPO to open on Sept 25, comprises fresh issue of Rs 2,800 cr

Sajjan Jindal-owned JSW Infrastructure on Wednesday said its initial share sale will open for public subscription on September 25.

The IPO comprises a fresh issue of shares worth Rs 2,800 crore. READ

8:12 AM

Stocks to Watch today, Sep 14: Adani Group, RIL, Hero Moto, Bombay Dyeing

Reliance (RIL): As per reports, the company’s retail arm - Reliance Retail is in talks to raise $1.5 billion from existing investors, including the sovereign wealth funds of Singapore, Abi Dhabi and Saudi Arabia.

 

InterGlobe Aviation (IndiGo): The airline will soon introduce a wrist gadget and use a ground device to detect fatigue among pilots and check their level of alertness before and after flying an aircraft. READ

8:08 AM

Nifty Pharma, Auto: Here's a guide to plan your trading activity

The Nifty Pharma Index, currently at 15,448.95, has traders and investors on their toes as it approaches a critical juncture. On the charts, a substantial barrier is looming between 15,580 and 15,664. This range is no ordinary obstacle; it's a zone of stiff resistance. While the near-term trend leans towards bullish territory, there's an important caveat to consider. READ

8:04 AM

DIIs upbeat on equities: Pump in Rs 850 crore on Wed

8:01 AM

FIIs sell shares worth Rs 1,632 crore Wednesday

7:58 AM

Brent Crude holds above $92 per barrel

7:54 AM

Gift Nifty futures 50 points up from Nifty futures' Wed close

7:50 AM

US core inflation rises after 6 months; marks slowest pace in 2 years annually

>> US core CPI increased 0.3% MoM, the first time in 6 months, against expectations of a 0.2% rise.
>> US core CPI increased 4.3% YoY, the slowest pace in nearly two years. 

Via Bloomberg