Sensex soars 385 pts, ends atop 66K; Nifty reclaims 19,700; L&T, banks lead

CLOSING BELL ON SEPTEMBER 07, 2023: The S&P BSE benchmark index has now gained 1,434 points, and the Nifty 473 points in the last five straight trading sessions.

3:14 PM

ALERT:: Abbott recalls antacid Digene Gel made in Goa; stock marginally down

Abbott India has voluntarily recalled all batches of its popular antacid Digene Gel after customers complained about the product's taste and odour. The Drug Controller General of India (DCGI) has issued an advisory cautioning against the use of the antacid produced at the company’s Goa facility. READ MORE

3:05 PM

Stock brokers upset over strict penalties, meet NSE, Sebi officials

A senior official at one of the broker firms said that the penalties have had a severe effect on the brokers as they struggle to survive in the fiercely competitive financial landscape. READ MORE

2:54 PM

Tiger Logistics wins order from Bharat Earth Movers; stock leaps 9%

Shares of Tiger Logistics jumped 9.1 per cent to Rs 394 apiece on the BSE in Thursday's intraday trade after the logistics firm bagged order from Bharat Earth Movers Limited (BEML). READ MORE

2:42 PM

HCLTech wins multiyear cloud services deal from Germany's Siemens AG

India’s HCLTech has signed a multiyear agreement with Siemens AG to provide the German high-tech giant with cloud services and modernise its information technology (IT) systems worldwide. READ MORE

2:30 PM

J&K Bank hits highest level since August 2015; stock zooms 47% in 1 month

The improving business and socio-political environment in the two union territories that is aiding tourism, agriculture and small businesses adds to the bank's proposition, as per India Ratings. READ MORE

2:20 PM

With Indian rupee near record low, RBI steps up NDF intervention: Bankers

The rupee was at 83.1525 to the U.S. dollar as of 11:16 a.m. IST, not too far from its record low of 83.29 hit in October 2022. The currency has largely avoided the decline in its Asian peers. READ MORE

2:07 PM

Responsive Industries hits record high on order win from Indian Railways

Responsive Industries said bagging two of the nation's most prestigious rail projects -- Garid Rath and Vande Bharat -- underscores the company's unparalleled expertise. READ MORE

1:55 PM

China's exports fall for 4th consecutive month showing pressure on trade

In another blow to the already struggling economy, China reported an 8.8 per cent fall in its exports to $284.87 billion in August. This marks the fourth consecutive month that the exports of the world's second-largest economy have declined. READ MORE

1:41 PM

ALERT:: United Breweries announces change in managerial positions; stock soars 5%

United Breweries today in informed BSE about Change in directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent.

1:29 PM

Coal India surges 6%; hits over 4-year high on heavy volumes

Analysts believe Coal India is likely to gain from operating leverage benefits accruing from higher sales volume for both NRS and e-auction customers, despite much lower e-auction premium than in FY23. READ MORE

1:13 PM

Asian Market Update:: A sea of red across Asia; Shanghai, Hang Seng dip over 1%

Source: Yahoo Finance

12:58 PM

ALERT: Deepak Fertilisers zooms 4% as China suspends urea exports

As per Bloomberg, China has asked some fertilizer producers to suspend urea exports after domestic prices jumped, a move that's likely to restrict global supplies.

12:50 PM

360 ONE launches global platform 360 ONE Global, appoints new team

360 ONE wealth and alternatives-focused asset management group, earlier known as IIFL Wealth & Asset Management, on Thursday announced the launch of its global platform, 360 ONE Global. It has roped in industry veteran Vikram Malhotra as co-founder and chief executive officer (CEO) of the platform. READ

12:38 PM

Mid, smallcap indices hit record high. Why are markets ignoring oil prices?

The markets seem to be ignoring the rise in crude oil prices, which have shot up over $90 a barrel (bbl) this week – up nearly 5 per cent in the last one month and around 9 per cent in the last fortnight alone – amid supply cuts by Saudi Arabia and Russia. READ

12:26 PM

India's $775 bn stock boom at risk as small caps show signs of overheating

The rally in Indian equities that has swelled the market’s total valuation by $775 billion in a little more than five months has been accompanied by a notable shift in investor preference to smaller stocks. READ