Sensex, Nifty end flat after choppy day; Indiabulls RE sinks 20%, Zomato 6%

CLOSING BELL: Among sectors, the Nifty PSU Bank index fell nearly 3 per cent, followed by the Nifty Realty index (close to 1 per cent)

3:45 PM

Broader indices also end on a flat note

3:43 PM

Nifty 50 Losers:: UPL sheds 3%; SBI, ITC decline up to 2%

3:41 PM

Nifty 50 Gainers:: Divis Lab jumps 3%; IndusInd Bank, Coal India, TCS up over 1%

3:38 PM

Sensex 30 Heatmap:: 18 Gainers v/s 6 Losers

3:36 PM

CLOSING BELL:: NSE Nifty50 settled two pts higher at 18,266

3:33 PM

CLOSING BELL:: S&P BSE Sensex ends on a flat note, down three points at 61,761

3:22 PM

Three Adani Group firms lose endorsement of UN-backed climate group

Three Adani Group companies, including Adani Green Energy Ltd., have lost their endorsement from the world’s leading arbiter of corporate green goals, a blow to the industrial conglomerate’s attempt to reposition itself as a leader of India’s energy transition. READ MORE

3:11 PM

Global Check:: US, UK stock futures down around 0.5%

2:59 PM

Earnings Alert:: SRF Q4 net rises 16%; stock up 2%

SRF Q4FY23 net profit rose 16 per cent to Rs 580.70 crore when compared with Rs 500.49 crore in Q4FY22. Total income was up 13.1 per cent YoY at Rs 3,176.07 crore.

2:48 PM

Earnings Alert:: Chalet Hotels reports Q4 turnaround; stock flat

Chalet Hotels reported a net profit of Rs 39.20 crore for the quarter ended March 2023 as against a net loss of Rs 11.50 crore in Q4FY22. Total income more-than-doubled to Rs 345.80 crore from Rs 153.50 crore.

2:36 PM

Earnings Alert:: T D Power Q4 net jumps 37%; stock surges 3%

T D Power Systems reported a 36.7 per cent YoY growth Q4FY23 net profit at Rs 29.86 crore, backed by a 3.5 per cent rise in total income at Rs 221.95 crore.

2:25 PM

Earnings Alert:: Man Infra Q4 net profit, revenue soar over 100%; stock slips into red

Man Infraconstruction Q4 net profit more-than-doubled to Rs 81.60 crore for the quarter ended March 2023 when compared with Rs 37.40 crore in the corresponding quarter a year ago. Revenue from operations grew by 157 per cent YoY to Rs 680 crore.

2:17 PM

News Alert:: NCLT withhelds NAM Esates, Embassy One merger into IBREL; stock slumps 12%

The company informed BSE, that the sanction to the merger of NAM Estates Private Limited (“NAM Estates”) and Embassy One Commercial Property Developments Private Limited (“Embassy One”) into Indiabulls Real Estate (IBREL) has been withheld by the National Company Law Tribunal (NCLT), Chandigarh Bench.

2:03 PM

Birlasoft soars 9% on heavy volumes post better-than-expected Q4 results

Deal signings during the quarter at $286 million TCV have been the best during the year under review, Birlasoft said. READ MORE

1:52 PM

Earnings Alert:: Magadh Sugar Q4 net rises 6%; stock slips 2%

Magadh Sugar & Energy reported a 6.1 per cent growth in Q4FY23 net profit at Rs 35.05 crore as against Rs 33.02 crore in Q4FY22. Total income, however, declined 12.9 per cent YoY to Rs 299.38 crore.