Sensex ends 194 pts lower owing to late selling; Broader indices outperform

CLOSING BELL ON JUNE 01, 2023: The NSE Nifty 50 settled with a loss of 47 points below the 18,500-mark. Overall market breadth was fairly positive.

2:39 PM

ALERT :: Delhi High Court orders SpiceJet to pay Rs 380 crore to former promoter Kalanithi Maran, says report

>> According to Mint, HC has asked it to submit an affidavit of assets within four weeks

>> The High Court ruling on May 29, 2023 originates from a long-running battle between the Maran family and the current promoter, Ajay Singh, and SpiceJet, over contractual obligations.

>> Maran sued SpiceJet in 2017 for allegedly causing losses by failing to issue convertible warrants and preference shares to him and his KAL Airways

2:35 PM

CRISIL upgrades Central Bank rating on improvement in profitability

Rating agency CRISIL has upgraded the rating for Central Bank of India’s long term debt from “A+” to “AA-”, citing sustained improvement in profitability and improved asset quality. READ MORE

2:23 PM

Monthly Sales:: SML Isuzu May sales up 13%; stock rallies 3%

SML Isuzu reported 13 per cent hiigher sales in May 2023 at 1,290 units as against 1,145 units sold in May 2022. 

2:14 PM

Monthly Sales:: Eicher Motors May sales jumps 15.8%; stock up 0.6%

Eicher Motors today reported 15.8 per cent growth in domestic sales at 5,826 units in the month of May 2023 when compared with 5,033 units sold in May 2022. Exports however declined by 46.9 per cent from 471 units to 250 units. 

2:04 PM

UPI transactions at record high of Rs 14.3 trn in May, spike in 10 days

Rise at a time when the government is pushing to bring various tax collections under digital payment. READ MORE

1:51 PM

ALERT:: Coal India OFS non-retail portion fully subscribed

Source: BSE

1:43 PM

Asian Market Update:: Major indices flat; Nikkei outperforms

Source: Yahoo Finance

1:32 PM

ALERT :: TVS Motor increases prices of iQube from June 1 by up to Rs 22,000

>> TVS Motor Company says after FAME II revision, TVS iQube‘s price increase will come from June 1, 2023 in the range of Rs. 17,000 – Rs. 22,000 depending on the variant.

1:21 PM

Nifty Realty index at highest level since Feb 22; surges 25% in two months

At 12:22 PM; Nifty Realty index, the top gainer among sectoral indices, was up 1.4 per cent, as compared to 0.09 per cent rise in the Nifty 50 index. The realty index hit an intra-day high of 487.15, its highest level since February 2022. In past two months, the index has zoomed 25 per cent, as compared to 6.9 per cent rise in the Nifty 50 index. READ MORE

1:10 PM

Market Check :: BSE MidCap index up around 0.5%

12:56 PM

ALERT :: S&P affirms Reliance Industries' ‘BBB+’ rating, outlook stable

12:44 PM

ALERT :: Maruti Suzuki May domestic sales rise 13%, exports fall

12:33 PM

Toyota logs 2-fold growth with highest monthly sales in May at 20,410 units

Toyota Kirloskar Motor (TKM) Vice President of Sales and Strategic Marketing Atul Sood said the automaker has scaled a new high in May by reporting the highest monthly sales performance of 20,410 units. READ MORE

12:21 PM

ALERT :: Bank of India appoints B.Kumar as Chief Financial Officer with immediate effect

12:11 PM

ALERT :: Escorts Kubota's tractor volume grew by 9% in May 2023