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.

10:11 AM

Paytm sees worst ever single-day fall; slumps 20% on slowing down small-ticket postpaid loans

Following RBI's regulatory action on consumer loans, Paytm said it will reduce below Rs 50,000-loan disbursements and expand higher ticket loan distribution. 

This category is prominently the postpaid loan product (BNPL) and will now be a smaller part of its loan distribution business going forward.

10:06 AM

Bharat Electronics up 4%; hits new high on securing orders worth Rs 3,915cr

Shares of Bharat Electronics (BEL) hit a record high of Rs 163, as they rallied 4 per cent on the BSE in Thursday’s intra-day trade after the company said it received orders worth of Rs 3,915 crore. READ MORE

9:51 AM

COMMENT:: Three factors that can keep the market resilient

There are three factors that can keep the market resilient. 

 

One, steady decline in the US bond yields (10-year around 4.1% now)  has created a global environment favourable for equities. 

 

Two, India's  GDP growth rate is improving and inflation is coming down. The steadily declining crude price is another big positive. 

 

Three, political uncertainty surrounding the 2024 General elections appears to be out of the way after the crucial state election results. These factors have emboldened the bulls and bears have been forced to cover their short positions.

 

In spite of these favourable factors, there will be dips in the market triggered by profit booking at higher levels.

 

- Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

 

9:42 AM

Sector ALERT:: Nifty FMCG index down 09%; HUL, Marico weigh

9:38 AM

BSE SmallCap Heatmap:: ITI, SpiceJet, MMTC zoom up to 9%; Network 18 stocks sag

9:35 AM

BSE MidCap Heatmap:: BEL, Tata Power shine; Marico slips

9:30 AM

Market Check:: Broader indices slip in tandem with benchmark Nifty; VIX down 2%

9:27 AM

Nifty 50 Shakers:: HUL, ONGC slip around 2%

9:26 AM

Nifty 50 Movers:: Adani Group shares continue northbound journey

9:22 AM

Sensex 30 Heatmap:: HUL, Bharti Airtel weigh in early deals; Power shares up

9:21 AM

Opening Bell:: Nifty below 20,900, down over 50 pts

9:19 AM

Opening Bell:: Sensex down over 200 pts

9:07 AM

ALERT:: Sensex up 50 pts in pre-open deals; Nifty marginally in red

9:00 AM

Watch: How will the RBI monetary policy impact markets?

8:54 AM

With small & midcaps outperforming, direct more money to largecaps: Experts

Financial experts recommend reviewing one’s financial portfolio annually. December is a good time to carry out this task so that you can hit the ground running at the start of the new year. Read