Sensex, Nifty snap 7-day winning run, end marginally down; Paytm cracks 19%

Closing Bell on December 7, 2023: Broader indices, however, outperformed on Thursday - the BSE MidCap index advanced 0.7 per cent, while the SmallCap added 0.3 per cent.

2:27 PM

Sector ALERT:: Sugar stocks slide up to 8%

2:09 PM

ALERT:: Trigyn Tech gets contract extension from UN IT Staffing; stock soars 5%

Trigyn Technologies with the United Nations for the provision of IT Staffing Support Services for Office of Information and Communications Technology (OICT) is now extended and will expire on 30 June 2024, the company said in an exchange filing.

1:52 PM

Broking industry adds 2.8 mn new investors in Nov amid surging stock prices

Close to 2.8 million dematerialised (demat) accounts were added in November amid a surge in stock prices and frantic primary market activity. Both domestic and global markets were buoyant last month amid a sharp retreat in US bond yields. READ MORE

1:34 PM

Indian cos' rupee bond issuance at record in 2023 on jumbo debt sales

Indian companies raised around 914 billion rupees ($10.97 billion) through the private placement of bonds in November, pushing the overall issuance to 8.83 trillion rupees for 2023, the highest for any calendar year, according to data from information provider Prime Database. READ MORE

1:15 PM

SpiceJet considering options to raise capital; stock hits 20% upper limit

SpiceJet airline, which has been grappling with a cash crunch for several quarters, said on Thursday its board is considering options for raising fresh capital through the issuance of equity or convertible securities on a preferential basis. READ MORE

12:59 PM

ALERT:: Gravita India African arm starts commercial production of Recycled Polypropylene Granules; stock up 1%

Gravita India in an exchange filing said that its step-down subsidiary based in Tanzania, East Africa has started commercial production of Recycled Polypropylene Granules from its new plastic recycling plant having an annual capacity of around 1,800 MTPA.

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12:41 PM

ALERT:: ICRA places Aether credit rating on watch; stock marginally down

According to a release issued by Aether Industries to the exchange, ICRA has placed the company's long-term and short-term credit ratings on watch with negative implications.

12:32 PM

ALERT:: Sunita Tools wins Rs 80 cr order; stock up 4%

Sunita Tools in an exchange filing said the company has won an order worth Rs 80.24 lakh. The stock trades in the SME segment.

12:13 PM

Margin risk for city gas distribution players on higher LNG prices

Gas demand has soared, hitting high levels of an average 198 million metric standard cubic metres per day (mmscmd) in October 2023, after averaging between 193 and 198 mmscmd during August-September. READ MORE

11:55 AM

Global PE firms cashout by offloading stakes in Indian cos amid market boom

Global private equity (PE) firms are successfully offloading large equity stakes in domestic companies in the open market, taking advantage of buoyant conditions. Strong domestic liquidity support and an upward trending market have underpinned over a dozen PE exits worth $2.5 billion, data compiled by Business Standard shows. READ MORE

11:34 AM

Paytm slumps 20% on likely earnings impact from scaling down postpaid loans

The sub-Rs 50,000 loans majorly constitute the postpaid loan product (buy now, pay later or BNPL), which could be halved going ahead, Paytm said. READ MORE

11:13 AM

China's exports edged higher for first time in 7 months, imports falls

Exports rose 0.5 per cent from a year earlier to $291.9 billion, a sign that demand may be picking up after months, but imports fell 0.6 per cent, to $223.5 billion, after they climbed 3 per cent. READ MORE

10:56 AM

This smallcap stock hit new high after gap of 15 years; up 47% in 1 month

Shares of Ashapura Minechem were locked in the 5 per cent upper circuit at Rs 460.25 on the BSE. READ MORE

10:39 AM

On a hat-trick: Will RBI Governor Shaktikanta Das throw another surprise

RBI has maintained a hawkish tone in the last two policy reviews, and those steps were to further reinforce the point that the central bank is not dropping its guard on inflation any time soon. READ MORE

10:24 AM

ALERT:: Protean eGov Tech Q2 net jumps 28%; stock slips 3%

Protean eGov Technologies Q2 net profit grew 27.7 per cent to Rs 328 crore for the quarter ended September 2023 as against Rs 257 crore in the corresponding quarter a year ago. Revenue from operations increased 32.7 per cent YoY to Rs 2,357 crore.