Benchmarks see wild swings on first day of 2024, end flat; banks, auto slip

Closing Bell on January 1, 2024: The BSE Sensex and Nifty50 indices hit record highs of 72,562, and 21,834, respectively, intraday

1:43 PM

ALERT:: Atul Auto Dec sales jump 16.4%; stock trades flat

Atul Auto in an exchange filing today said the company sold 2,503 units in December 2023, up 16.4 per cent when compared with a sale of 2,151 units in the same month a year ago.

1:32 PM

China's factory activity slows in Dec, indicating economy is still sluggish

A survey of factory managers in China shows that manufacturing contracted in December in the latest sign the world's No. 2 economy remains sluggish. READ MORE

 

1:21 PM

ALERT:: Eicher Motors Dec sales up 11%; stock down 2%

1:11 PM

TCS get notice from Maharashtra labour dept for employee transfer practices

The complaint by the Nascent Information Technology Employees Senate (NITES), a group representing India’s IT industry workers, alleged TCS transferred more than 2,000 employees without proper consultation. READ MORE

12:59 PM

Vodafone Idea hits over 4-year high; zooms 39% in 2 days on heavy volumes

Markets were also betting that the government would sell its 33.1 percent stake in VIL to Musk to enable Starlink to enter the Indian market. Musk is visiting India to attend the Vibrant Gujarat Business Summit between January 10 and 12, for a big land deal in the state for a mega factory for his auto company, the Business World reported. READ MORE

12:48 PM

FAQs: What will the market do in 2024? What will result in a correction?

The returns in 2024 will depend on the tussle between fundamentals and sentiment. In an entirely ‘fundamental’ market, returns will likely be modest for the market and negative for many stocks. READ MORE

12:35 PM

Market Check :: Sensex down nearly 100 pts

12:25 PM

DCB Bank hits 52-week high, has rallied 25% in last 1 month; here's why

In past one month, the stock has zoomed 25 per cent, after Aga Khan Fund for Economic Development, promoter of the private sector bank, expressed interest to infuse ~$10 million (approx. Rs 83 crore) in the bank. READ MORE

12:10 PM

ALERT :: Karur Vysya Bank's Advances up 17% Y-o-Y as of Dec 31

11:53 AM

December Auto Sales | M&M sells 60,188 units, up 6% Y-o-Y

>> Mahindra & Mahindra Ltd. (M&M Ltd.) said its overall auto sales for the month of December 2023 stood at 60,188 vehicles, a growth of 6%, including exports.

11:38 AM

RailTel Corporation soars 27% in 6 days on winning orders worth Rs 263 cr

At 10:09 AM; RailTel was quoting 8 per cent higher at Rs 366.10, as compared to 0.16 per cent decline in the S&P BSE Sensex. The counter has seen huge trading volumes with a combined 15.63 million equity shares representing nearly 5 per cent of total equity of the company changing hands on the NSE and BSE in first hour of trade, the exchange data shows. READ MORE

11:25 AM

Health, EV, fintech: Key industries beckoning foreign investors in 2024

"Key industries beckoning foreign investors in India in 2024 include healthcare and insurance, fintech, renewable energy and climate tech, electric vehicles and automobiles, IT and services, real estate and infrastructure, fast-moving consumer goods (FMCG), and R&D, tech innovation, and artificial intelligence (AI). These have all been on a hot streak in 2023, as foreign direct investment (FDI) policies have relaxed in recent years, and production-linked incentive (PLI) schemes have been promoted," said  Devang Shah, Head Retail, ACMIIL. READ MORE

11:12 AM

2024 set to be eventful for North Block, RBI in pursuit of $5 trn goal

The Reserve Bank of India (RBI) while accepting 21 of the IWG’s 31 recommendations had said “the remaining recommendations are under examination” in its press release of November 26, 2021. This was read by private bank licence hopefuls that the issue was still open. READ MORE

10:56 AM

BHEL surges 6% on buzz of winning Rs 19,422 cr order from NLC India

The stock was trading at its highest level since October 2015. At 09:36 AM; BHEL was quoting 5 per cent higher at Rs 203.45, as compared to 0.15 per cent decline in the S&P BSE Sensex. The counter saw huge trading volumes with a combined 32.6 million equity shares changing hands on the NSE and BSE. READ MORE

10:43 AM

December Auto Sales | Escorts Kubota's construction-machinery sales durge 68% Y-o-Y