Business Standard

Sensex sheds 413 pts as HDFC twins, RIL weigh; Nifty ends below 18,300

CLOSING BELL: The BSE Midcap, Smallcap indices, however, bucked the trend and ended with a gain of up to 0.2 per cent. Breadth too was marginally positive.

Image SI Reporter New Delhi
Bulls and bears

3:14 PM

ALERT :: SGX Nifty to be called GIFT Nifty July 3 onwards

>> From July 3, SGX orders will be 100% transferred to GIFT city, NSE IFSC Exchange for matching
 
>> Approval from MAS, Singapore regulator and IFSCA, Gift IFSC regulators have been obtained
 
3:08 PM

China recovery faces pressure after April activity weak, unemployment rises

Growth in retail sales accelerated to 18.4% over last year's depressed level in April, but that was below private sector expectations of up to 35%. READ MORE

china

2:59 PM

SBI hits over 3-month high ahead of Q4 results; stock gains 8% in one month

SBI is a sector proxy that benefits from its strong liability franchise and continued favourable sector tailwinds. READ MORE

SBI, state bank of India
2:44 PM

ALERT:: Kajaria Ceramics Q4 net grows by 13%; stock marginally up

Kajaria Ceramics reported a 13 per cent growth in Q4FY23 net profit at Rs 108.02 crore as against Rs 95.76 crore in Q4FY22. Revenue grew by 9 per cent YoY to Rs 1,204.82 crore.

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2:31 PM

ALERT:: Aurionpro Solutions Q4 net rises 23%; stock tumbles 10%

Aurionpro Solutions Q4FY23 net profit rose 23 per cent to Rs 27 crore from Rs 22 crore in Q4FY22. Revenue from operations increased by 39 per cent YoY to Rs 191 crore.

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2:20 PM

Despite missing purchase goal, Centre's wheat stocks better than last year

This is because even if actual procurement falls below the target, it will still be much higher than the multi-year low of almost 19 million tonnes of wheat procured last year. READ MORE

wheat

2:12 PM

ALERT:: Indian Oil Q4 net surges 67%; stock rallies 4%

Indian Oil Corporation (IOC) reported a 67 per cent surge in Q4 net profit to Rs 10,058.69 crore for the quarter ended March 2023 as against Rs 6,021.88 crore in the year ago period. Total income increased by 10 per cent YoY to Rs 2,28,130.20 crore.

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2:02 PM

ALERT:: Prakash Industries Q4 net rises 10%; stock jumps 5%

Prakash Industries reported a 9.9 per cent growth in Q4FY23  net profit at Rs 57.96 crore when compared with Rs 52.73 crore in Q4FY22. Total income, however, was down 12.5 per cent YoY at Rs 1,014.14 crore.

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1:51 PM

Aurobindo hits 52-week high; zooms 63% from Feb low on improved performance

Analysts believe Aurobindo Pharma has multiple growth drivers in place with investments in vaccines, injectables, biosimilars and PLI, which are expected to be reflected from FY24. READ MORE

Aurobindo Pharma
1:41 PM

ALERT:: Bank of Baroda Q4 net soars 168%; stock up over 1%

Bank of Baroda today reported a standalone net profit of Rs 4,775.33 crore for the quarter ended March 2023 when compared with Rs 1,778.77 crore in the corresponding quarter a year ago. Total income rose 41.9 per cent YoY to Rs 29,322.74 crore.

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1:30 PM

Asian Market Update:: A mixed outing; Nikkei, Taiwan shine

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Source: Yahoo Finance

1:17 PM

Vodafone to slash 11,000 jobs over next 3 yrs in new CEO's turnaround plan

Adjusted free cash flow, a closely watched metric, will drop by about 31% to €3.3 billion ($3.6 billion) in the fiscal year ending in March, following divestments. READ MORE

vodafone, idea, VI

1:07 PM

ALERT:: Trade deficit falls to 21-month low at $15.26 bn in April

Exports fall 14 per cent, Imports dip 12 per cent.


12:54 PM

Engineers India hits over 3-year high; stock surges 45% in 7 weeks

The company is currently working on feasibility projects across multiple hydrocarbon fuels, pipeline and renewable fuels like hydrogen, ethanol and other biofuels. READ MORE
markets

12:39 PM

Debt ceiling showdown: Biden to meet as McCarthy pushes for faster deal

While Biden has remained upbeat that we'll be able to do this, McCarthy is prodding the president to move faster to avert a crisis. READ MORE
Biden

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First Published: May 16 2023 | 7:43 AM IST

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