Easing oil prices lifts market mood; Sensex up 406 pts, Nifty near 19,550

Closing Bell on October 5, 2023: L&T, Titan Company, TCS, Bajaj Auto, M&M, Infosys, Eicher Motors, Asian Paints, and ICICI Bank were the top stocks that supported the indices, rising up to 2.15%

3:36 PM

Closing Bell :: Sensex climbs 400 pts

3:21 PM

Sebi to tell court Adani inquiry began 2014, but hit dead end: Reports

The Securities and Exchange Board of India (Sebi) will say for the first time that India's customs authority alerted it to an alleged misuse of offshore funds by Adani Group companies in 2014 but that the initial investigation did not yield anything and was paused in 2017, the sources said. READ MORE

3:10 PM

MF products galore: How to choose the right mutual fund for yourself

Examine its performance history, including one-year, three-year, and five-year performance, to gauge its consistency compared to the benchmark. READ MORE

3:00 PM

Larsen & Toubro up 3% on securing large orders; jumps 49% so far in 2023

L&T's power biz arm on Wednesday bagged orders worth up to Rs 2,500 crore from the WBPDC, while on Tuesday, the transportation infrastructure biz arm received a project worth up to Rs 5,000 crore. READ MORE

2:48 PM

ALERT:: RITES emerges lowest bidder for $111 mn order; stock up 1%

RITES has emerged as the lowest bidder (L-1) in the tender floated by Bangladesh Railway for an estimated order value of $111 million.

2:37 PM

Comment on RBI Policy Expectation:: Pause will be supportive of the realty sector

"We expect the Reserve Bank of India's Monetary Policy Committee (RBI MPC) to keep the REPO rate unchanged to remain supportive of growth. However, the central bank will likely maintain a precautionary stance because of the inflationary pressure arising from external factors such as rising crude prices and Indian currency, which is at an all-time low. A pause will be supportive of the real estate sector in maintaining its current momentum. With the last few revisions, the REPO rate has gone up by 250 BPS, resulting in 160bps hike in the base lending rate, with the last three revisions being completely passed on to the home buyers. This has started to impact housing demand, especially in the affordable segment. The mid segment too has seen growth moderating in the last few quarters. A further increase in the REPO rate could potentially dampen buyers’ sentiment and impact housing affordability."

 

- Shishir Baijal, Chairman and Managing Director, Knight Frank India.

 

2:26 PM

Hindalco to sign pact with Odisha Mining Corporation for supply of Bauxite

The company plans to secure Bauxite ore for its proposed 2-million tonnes alumina refinery and 150-MW captive power plant at Kansariguda, Rayagada district, in Odisha. READ MORE

2:17 PM

Macrotech Developers' sales bookings up 12% annually to Rs 3,530 cr in Q2

Realty firm Macrotech Developers on Thursday reported a 12 per cent year-on-year growth in sales bookings to Rs 3,530 crore during the July-September period on strong housing demand. READ MORE

2:05 PM

India market levels show effective rate has risen; RBI meeting in focus

India's central bank is widely expected to keep rates on hold on Friday but any further liquidity withdrawal measures alone may push market yields higher, causing another increase in effective rates, treasury officials and analysts said. READ MORE

1:54 PM

ALERT:: Praveg gets work oder from Daman & Diu administration; stock up 2%

Praveg has received a work order from Department of Tourism, U.T. Administration of Dadra & Nagar Haveli and Daman & Diu for Development, Operation, Maintenance and Management of Tent City at Nagoa Beach, Diu. The company did not disclose the order value.

1:42 PM

ALERT:: Kilburn Engineering wins Rs 3,249 cr orders in Sep; stock up 2.5%

Kilburn Engineering has secured orders worth Rs 3,249 crore in the month of September, the company said in an exchange filing. 

1:27 PM

ALERT:: Kama Holdings fixed Oct 17 as record date for 4:1 bonus issue; stock up 2%

Kama Holdings in an exchange filing today said it has fixed October 17 as the record date for issuance of 4:1 bonus shares. 

1:15 PM

Asian Market Update:: Nikkei gains 1.8%; Taiwan jumps 1.1%

Source: Yahoo Finance

1:03 PM

Utkarsh SFB surges 17% on heavy volumes; zooms 141% over issue price

Till 12:09 PM, a combined 34.73 million equity shares, representing 3 per cent of total equity of Utkarsh SFB, had changed hands on the NSE and BSE. READ

12:47 PM

TCS to modernise unemployment claims system of US state of Georgia

India’s Tata Consultancy Services (TCS) said on Thursday it has been selected by the labour department of the US state of Georgia to replace its unemployment insurance system with a cloud-based platform that will streamline the claims process and ensure prompt financial assistance. READ