Sensex, Nifty end flat; Dr Reddy's Labs drops 7%, L&T 5%, Adani Ent up 5%
CLOSING BELL: In the broader markets, the BSE SmallCap index outperformed the frontline indices with 0.68 per cent rise
3:39 PM
Nifty 50 Gainers:: Adani Enterprises, Asian Paints, HUL top charts
3:37 PM
Sensex 30 Heatmap:: 22 Gainers v/s 8 Losers
3:35 PM
CLOSING BELL:: NSE Nifty50 declined 18 pts to settle at 18,297
3:33 PM
CLOSING BELL:: S&P BSE Sensex ended 36 pts lower at 61,904
3:17 PM
News Alert:: NBCC wins Rs 264 crore order; stock jumps 2%
NBCC (India) has won a Rs 264.05 crore work order for various construction and development works in Mahanadi campus of Ravenshaw University (Phase-II) by Ravenshaw University, Cuttack (Odisha).
3:04 PM
InterGlobe Aviation nears record high; stock surges 20% in one month
IndiGo remains well placed to benefit from strong systemic demand and its leading competitive positioning, analysts said. READ MORE
2:57 PM
Earnings Alert:: Aditya Birla Capital Q4 net up 35%; stock slips 3%
Aditya Birla Capital Q4 consolidated net profit rose by 35 per cent YoY to Rs 609 crore, backed by 31 per cent YoY growth in revenue at Rs 9,146 crore.
2:46 PM
Set for demerger, Sanofi's consumer health brands have strong traction
Company says split will allow it to unlock business potential in pharmaceuticals and consumer healthcare. READ MORE
2:34 PM
Microsoft freezes salaries of full-time workers due to economic uncertainty
The company will, however, consider raising rates for hourly workers while maintaining a bonus and stock award program without "overfunding" it, Nadella said without elaborating. READ MORE
2:20 PM
News Alert:: No question of filing insolvency, says Ajay Singh of SpiceJet
SpiceJet has initiated the process of reviving its grounded fleet with the $50 million funds received by the airline from the government's Emergency Credit Line Guarantee Scheme (ECLGS) and internal cash accruals, the company informed BSE in a release.
"There is absolutely no question of filing for insolvency. Any rumour regarding the same is completely baseless. We are focussed firmly on reviving our grounded fleet and getting more and more planes back into the air. Work on this front has already begun and the Company is using the $50 million ECLGS funds and our own cash," said Ajay Singh, Chairman and Managing Director, SpiceJet.
2:11 PM
Earnings Alert:: Asian Paints Q4 net jumps 44%; stock up 1%
Asian Paints today reported a 44 per cent growth in net profit at Rs 1,258.41 crore for the quarter ended March 2023 when compared with Rs 874.05 crore in the corresponding quarter a year ago. Revenue from operations grew by 11.5 per cent YoY to Rs 8,892.52 crore.
2:00 PM
Earnings Alert:: Kirloskar Brothers Q4 net zooms 112%; stock hits 20% upper limit
Kirloskar Brothers reported an over two-fold jump in net profit at Rs 79.50 crore for the quarter ended March 2023 when compared with Rs 37.40 crore in the corresponding quarter a year ago. Total income was up 4.8 per cent YoY at Rs 809.40 crore.
1:49 PM
Larsen & Toubro bets on $1.5 bn return from push to electric vehicles
Larsen & Toubro Ltd.’s engineering services arm is ramping up investments in self-driving and electric vehicle technologies, betting on India’s appeal as a source of expertise for global manufacturers looking to expand in the field. READ MORE
1:39 PM
China's slow consumer inflation, deepening deflation to test policy
The consumer price index (CPI) in April rose 0.1% year-on-year, the lowest rate since February 2021, and cooling from the 0.7% annual gain seen in March, the National Bureau of Statistics (NBS) said. READ MIORE
1:30 PM
HG Infra hits new high on strong Q4 earnings; zooms 58% thus far in 2023
Given its healthy project pipeline, ICRA expects HGIEL to maintain a healthy revenue growth of ~18-20%, steady operating margins (~16%) and comfortable leverage and coverage indicators in FY24. READ MORE
Topics : Stock Market MARKET LIVE MARKET WRAP Markets Markets Sensex Nifty US Inflation Dr Reddy's Lab Dr Reddy stock L&T Adani Enterprises stock market trading Dalal Street SGX Nifty
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First Published: May 11 2023 | 7:48 AM IST