Sensex leaps 710 pts after a day's hiatus; TaMo, IndusInd rise 5%, PSBs dip

CLOSING BELL: Among sectors, the Nifty Private Bank, Realty, and Auto indices gained around 1.7 per cent each

1:47 PM

Earnings Alert:: Canara Bank Q4 net soars 90%; stock off lows

Canara Bank today reported a sharp 90.5 per cent surge in Q4 net at Rs 3,174.74 crore for the quarter ended March 2023 as against Rs 1,666 crore in the quarter ended March 2022. Total income increased by 28.5 per cent YoY to Rs 28,684.97 crore.

1:35 PM

Coal imports rises to 162 MT in FY23; inbound coking coal grows to 54 MT

India's coal imports increased by 30 per cent to 162.46 million tonnes in the 2022-23 financial year against 124.99 MT in the year-ago period, according to a report. READ MORE

1:24 PM

Gujarat Ambuja Exports sinks 12% as net profit more-than-halves in Q4FY23

The company's March quarter net profit more-than-halved, dropping 54.6 per cent, to Rs 69.56 crore on a year-on-year (YoY) basis. READ MORE

1:10 PM

Asian Markets Update:: India, China, Hong Kong outperform with gains up to 1.8%

Source: Yahoo Finance

12:57 PM

Slowly but surely, mutual funds warm up to investment in REITs, InvITs

Mutual fund (MF) investments in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) have gone up significantly after the pandemic breakout, with many newer schemes maintaining some allocation to these new asset classes. READ

12:46 PM

Buying, selling by MFs and FPIs have a bigger impact on the markets

The January-March quarter of calendar year 2023 (CY23) was weak apropos market performance. However, stocks foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) raised stakes in fell less than the ones they had pruned their holdings in. READ

12:36 PM

MARKET CHECK: Sensex notches 750 pts gain

12:24 PM

FMCG index likely to hit 50,000; ITC, Britannia, Marico may rally up to 20%

The FMCG index has risen 10 per cent since the start of the current year, with ITC, Nestle India, Radico Khaitan, and Varun Beverages zoomed 31 per cent, 12 per cent, 11 per cent and 10 per cent each. READ MORE

12:06 PM

MSCI cuts free float in Adani Transmission, Adani Total Gas; stocks sink 5%

The sharp decline in Adani Transmission and Adani Total Gas follows global index provider MSCI's decision to reduce the free float of the duo in its index review this month. READ MORE

11:49 AM

TCNS deal may raise debt, near-term profitability risks for ABFRL: Analysts

Given that TCNS has been lagging peers in recovery and underperforming for more than two years now, only a successful turnaround of the same can create shareholder value, analysts said. READ MORE

11:42 AM

Olectra Greentech jumps 10% after net profit rises 52% YoY in Q4

So far this calendar year (CY23), shares of Olectra have rallied 44 per cent, as against 1 per cent rise in the S&P BSE Sensex. READ MORE

11:30 AM

Marico zooms 9% on steady Q4 performance; brokerages upgrade stock

Brokerage firm, Sharekhan has maintained 'Buy' rating on the stock with target price of Rs 645 per share. Prabhudas Lilladher upgrades stock to 'Accumulate'. READ MORE

11:15 AM

Rupee appreciates by 8 paise to 81.70 against US dollar in early trade

At the interbank foreign exchange, the domestic unit opened strong at 81.76 against the dollar and then rose to 81.70, registering a rise of 8 paise over its previous close. READ MORE

11:01 AM

Olectra Greentech soars 6% after PAT surges 60% YoY in Q4

10:45 AM

Greenpanel Industries slips 3% after total income declines 5% YoY in Q4FY23

The company reported total income of Rs 449.93 crore for Q4FY23, down 5 per cent from Rs 473.74 crore posted during the period ended March 31, 2022.