Easing yields, oil prices lift Sensex 320 pts; Pharma stocks steal the show

Closing Bell on September 29, 2023: The Nifty50, on the other hand, gained 115 points to shut shop at 19.638. Sectorally, the Nifty Pharma index jumped the most, up 2.7 per cent

3:38 PM

Sensex Heatmap :: IT stocks drag index off highs

3:36 PM

Closing Bell :: Nifty ends below 19,650

3:35 PM

Closing Bell :: Sensex rises 300 pts but ends off highs

3:18 PM

Standard Chartered does not see rupee cross 84 even if dollar climbs

“When the tide turns, whenever the dollar starts weakening, we expect RBI to step in from the other side, collect and build dollar reserves even further and not allow rupee to appreciate too much,” Sinha said. “It’s going to be a balancing act, with the RBI present on both sides to reduce volatility and provide rupee the stability that all investors love.” READ MORE

3:08 PM

Global check:: Dow Jones, S&P 500 futures up around 0.5%

Source: Investing.com

3:00 PM

Stock of this Gujarat government-owned company has zoomed 91% in 7 weeks

Shares of GMDC hit a record high of Rs 323.70 as they rallied 14%, surpassing its previous high of Rs 316.18 touched on November 12, 2007. READ MORE

2:48 PM

Sony India says merger with Zee Ent likely delayed, to take few more months

Japan's Sony Group Corp said on Friday a merger of its Indian unit with Zee Entertainment Enterprises, which was due to be completed by end-September, would likely take a few more months. READ MORE

2:35 PM

Global Check:: A sea of green across Europe; FTSE up 0.7%

Source: Investing.com

2:20 PM

Ashok Leyland wins order for 1,282 buses from Guj state transport; stock up 2%

Ashok Leyland, the Indian flagship of the Hinduja Group, said on Friday that it has won an order to build 1,282 buses for the Gujarat State Road Transport Corporation (GSRTC). READ MORE

2:04 PM

Glenmark Pharma soars 10% after S&P Global upgrades outlook to positive

The rating agency expects Glenmark to significantly reduce debt on completion of the GLS sale and maintain healthy earnings. READ MORE

1:53 PM

Market check:: Sensex at day's high, up nearly 500 pts

1:42 PM

ALERT :: Hindustan Zinc to evaluate appropriate corporate restructuring exercise to unlock shareholder value

Check detailed plan here

1:33 PM

Accenture guidance delays hopes of demand pick-up for Indian IT: Analysts

"Accenture's results offer negative read-throughs for Wipro due to continued weakness in consulting and TechM, LTIMindtree due to pressures on the CMT vertical and North America. We remain selective," Agarwal and Pant of Jefferies said. READ MORE

 

1:23 PM

Jalan Kalrock Consortium infuses Rs 100 crore in Jet Airways; stock freezes at 5% upper circuit

Jalan Kalrock Consortium, the winning bidder for the revival of grounded carrier Jet Airways, announced on Friday that it has infused an additional Rs 100 crore into the airline, per the court-approved resolution plan. READ MORE

1:14 PM

AU SFB to Ujjivan SFB: Where do small finance banks go from here?

Take the SFBs’ priority sector lending target — loans to the bottom of the pyramid, much of it unsecured — set at 75 per cent of the book. As the book gets bigger, so does the challenge of meeting this target. Other modes of making up the shortfall — securitisation, or co-lending with non-banking financial companies  —  are off the table. READ MORE