Sensex sinks 826 pts, Nifty ends below 19,300; SmallCap index slides 4%

Closing Bell on October 23, 2023: The broad-based losses were led by PSU banks, metals, real estate, and IT stocks. Their respective indices, thus, fell 3.89%, 3.3%, 3.14%, and 2% on the NSE

2:42 PM

RBI's $5 billion swap maturity causes flutter, but no major turbulence

The maturing of the Reserve Bank of India's $5 billion swap on Monday led to a surge in demand for cash dollars and a drop in the overnight swap rate, but did not cause major disruptions in the premium and spot forex markets. READ MORE

2:32 PM

ALERT:: Genus Power Infra arm bags Rs 3,121 cr order; stock gains 2%

Genus Power Infrastructures said that there is a possibility of seeing a "consistent and noteworthy surge" in order volumes over the upcoming quarters of the financial year 2023-24. READ MORE

2:20 PM

European Market Update:: FTSE, DAX down 0.4%

Source: Yahoo Finance

2:08 PM

SmallCaps Alert:: SmallCap 250 index down 2.5%; Amber Enterprises, Jubilant Pharma crack 8%

1:58 PM

1,200-km range, 10-min charge: Toyota near solid-state battery breakthrough

If successful, Toyota said that solid-state batteries will double the range of EVs up to 1,200 km, and the charging time will be 10 minutes or less. READ MORE

1:52 PM

Ceinsys Tech hits 20% upper limit on winning Rs 248 cr order from Maha govt

The company has secured work allocation order from State Water and Sanitation Mission (SWSM), Water Supply and Sanitation Department (WSSD), Government of Maharashtra amounting to Rs 248.39 crore. READ MORE

1:40 PM

ALERT:: Aurobindo Pharma arm gets USFDA nod for Testosterone Cypionate injections; stock marginally up

Aurobindo Pharma informed BSE that its subsidairy Eugia Pharma has received the  USFDA approval for Testosterone Cypionate Injection USP 1,000 mg/10 mL (100 mg/mL) and 2,000 mg/10 mL (200 mg/mL) in Multi-Dose Vial and 200 mg/mL in Single-Dose Vial. 

1:28 PM

Market Check :: Data shows small-caps may underperform large-caps from here on

Source: SAMCO Securities

1:15 PM

Asian Market Update:: A sea of red across Asia on Monday

Source: Yahoo Finance

1:00 PM

Outweighing HDFC Bank, better return ratios: How analysts see ICICI Bank Q2

Shares of ICICI Bank may outperform shares of HDFC Bank in the near-term, analysts said on Monday, after the Sandeep Bakhshi-led private sector lender reported a strong set of numbers for the July to September quarter (Q2) of financial year 2023-24 (FY24). READ MORE

12:46 PM

ALERT :: India VIX eases 5% to 10.28 levels

12:32 PM

Q2 Earnings :: PNB Gilts reports net loss of Rs 48.7 crore on one-time loss

>> An exceptional item loss of Rs 86,000 was added to the financial results of the current quarter, as it could not be provided for last year

>> PAT last year was Rs 0.7 crore

>> Total income rises by 2.17% at Rs 346.9 crore

 

12:21 PM

Market Check :: Top gainers on the BSE at this hour

12:08 PM

CreditAccess Grameen hits new high; soars 13% on strong Q2 results

Shares of CreditAccess Grameen hit a new high of Rs 1,560, soaring 13 per cent on the BSE in Monday’s intra-day trade in an otherwise weak market after the company reported a strong set of earnings for the September quarter (Q2FY24). READ MORE

11:56 AM

RIL, HUL, ITC: Top 50 APAC firms lose over $185 billion in m-cap in Q3

Top 50 firms in the Asia-Pacific (APAC) region lost a cumulative $185 billion in market capitalisation (m-cap) in the September 2023 quarter (Q2-FY24 / Q3-CY23), suggests a recent report by GlobalData, a London-based analytics and consulting company. READ MORE