Sensex drops 533 pts in broad selling; IT, metals worst hit; VIX jumps 4%

Stock market highlights on Monday, February 26, 2024: The Nifty50 shut shop at 22,122, down 91 points or 0.41 per cent. The mid, small-cap indices fell up tp 0.3 per cent.

SI Reporter New Delhi

9:57 AM

Eureka Forbes extends slide, down 9% in 3 days

As many as 1.79 crore shares or 9.3 per cent equity of Eureka Forbes worth Rs 975 crore was sold in a block deal by Lunolux, backed by Advent International, on Thursday, February 22, as per reports.

9:52 AM

Infibeam Avenues soars 8% on acquiring US-based AI co XDuce

The company has acquired a 20 per cent strategic stake in XDuce, a US-based AI development company, for $10 million. The latter will support Infibeam's payment gateway brand CCAvenue in the US.

9:49 AM

Rain Industries plunges 7% on posting loss in Q3

The company reported a net loss of Rs 108 crore against profit of Rs 12.6 crore in year-ago period.

9:43 AM

Paytm hits 5% upper circuit as RBI asks NPCI to consider being TPA

The Reserve Bank of India (RBI) has advised the National Payments Corporation of India (NPCI) to examine Paytm’s request for NPCI to become a third-party application provider for unified payments interface (UPI) payments.

9:38 AM

IT stocks take the hit; Realty index other drag

9:34 AM

Broader Midcap and Smallcap indices outperform in weak trade

9:33 AM

CLSA downgrades Asian Paints to 'sell', cuts target price

As per CNBC-TV18, CLSA has cut the target price on Asian Paints to Rs 2,425 from Rs 3,215. Believes Grasim's entry will lead to de-rating for the stock with its multiple moving to 15-year average.