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.

8:48 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

8:43 AM

Report: Adani Ports in talks to buy Shapoorji Pallonji Group's Gopalpur Ports

As per a report by The Economic Times, Adani Ports and Special Economic Zone is in advanced talks to acquire Shapoorji Pallonji Group’s (SP) Gopalpur Ports in Odisha for up to Rs 1,100-1,200 crore in equity value, which involves owning considerable facilities along both the eastern and western water margins. 

8:37 AM

DIIs buy shares worth Rs 1,372 crore Wednesday

8:31 AM

FPI take home Rs 80 crore from shares Wednesday

8:26 AM

Nifty Metal in overbought zone, Nifty Pharma could see minor correction

The current market price for the Nifty Metal Index is 7,373 and the near-term trend is upward. However, technical indicators like RSI and Stochastic are signaling that the index is trading in the overbought zone. Read

8:19 AM

Stocks to Watch: Adani Wilmar, Delta Corp, Paytm, Bharti Airtel, IRCON, BEL

Adani Wilmar: The Adani group and Singapore’s Wilmar International are learnt to have approached several private equity (PE) firms to sell part of their stake in their consumer-staple joint venture, Adani Wilmar. 
 

IRCON: The government will sell up to an 8 per cent stake in IRCON International through an offer-for-sale, which will open on Thursday. It plans to offload 37.6 million equity shares for non-retail investors on Thursday. An additional 4 per cent stake will be sold on Friday if the offer is oversubscribed. 

Paytm: Paytm will slow down disbursing loans under Rs 50,000, weeks after the central bank tightened rules on consumer lending. This could be a reduction of 50 per cent, it said. Read

8:14 AM

Rupee closes 6 paise stronger at 83.3/$ Wednesday

8:09 AM

Brent Crude trades below $75 after sharp slump

This is the lowest lvele for Crude oil since June. 

8:05 AM

Gift Nifty futures trade above 21,000

Holds small gains.

8:00 AM

Asian stocks mirror Wall St weakness

7:54 AM

Dow Jones, S&P 500 slide for third session on Wednesday

7:50 AM

Good morning readers! Catch all live market updates here with Business Standard

Catch all live market updates here with Business Standard