Sensex soars 759 pts, ends atop 73,300; Nifty nears 22,100; Wipro zooms 6%

Closing Bell on January 15, 2024: Shares of Wipro surged 14 per cent intraday, before closing 6 per cent higher, as the company beat profit estimates in its third quarter results (Q3FY24)

2:24 PM

Stock of this smallcap iron & steel company has zoomed over 340% in 10 mths

Shares of Man Industries (India) hit a record high of Rs 378.50 as they rallied 12% after the company received new orders of approximately Rs 400 crore. READ MORE

2:10 PM

Global economic slowdown headed for worst phase in three decades: WEF study

The report called for a new approach to economic growth that balances efficiency with long-term sustainability and equity, examining speed, and quality together. READ MORE

1:56 PM

Bitcoin's ETF hangover saddles token with its worst streak in a month

The batch of almost a dozen ETFs, including from investment titans BlackRock Inc. and Fidelity Investments, began trading on Jan 11. READ MORE

1:41 PM

ALERT:: Manorama Industries board okays 1:5 share split; stock sheds 4%

The board of directors of Manorama Industries today approved sub-division/ split of the equity shares of the company with face value of Rs 10 each into 5 equity shares with face value of Rs 2 each; i.e. stock split in the 1:5 ratio.

1:28 PM

This railways related stock surpassed Tata Steel, Jio Fin, VBL in m-cap

With market cap of Rs 1.74 trillion, IRFC stood at 41st position in overall market cap ranking, the BSE data shows. READ MORE

 

1:12 PM

WPI-based inflation increases to 0.73% in December on rise in food prices

Positive rate of inflation in December, 2023 was primarily due to an increase in prices of food articles, machinery & equipment, other manufacturing, other transport equipment. READ MORE

12:58 PM

ONGC hits 7-year high; jumps 9% in 2 days on discovering major gas reserves

Earlier, on January 1, 2024, ONGC had announced the successful commencement of “First Oil” production from the deep-water KG-DWN-98/2 Block, situated off the coast of Bay of Bengal. READ MORE

12:46 PM

India second-largest recipient of foreign flows in 2023 after US

"Again, almost all inflows continue to move into large-cap funds. Most incremental flows since Dec’23 into India have been from US-domiciled funds. Foreign flows into China have remained weak in CY2023 with big redemptions beginning in the second half. A big portion of this liquidity has moved to India. In CY23, the NAV of India has risen by 21 per cent while China is down 16 per cent," said Sunil Jain of Elara Capital. READ MORE

12:29 PM

Infy, TCS, Wipro, HCLT: Chart suggests up to 14% upside as stocks breakout

Infosys

Resistance: Rs 1,740; Rs 1,880
 

Infosys is also seen trading firmly above the higher-end of the Bollinger Bands on the daily scale. The key momentum oscillators like the 14-day RSI (Relative Strength Index), MACD (Moving Average Convergence-Divergence) and Stochastic Slow are all in favour of the bulls. READ MORE

12:15 PM

Tata Consumer Products plans Rs 3,500 cr rights issue for acquisitions

The acquisition of Capital Foods was announced last week. Ching's Secret and Smith & Jones hold an enterprise valuation of Rs 5,100 crore, and Organic India has an enterprise value of Rs 1,900 crore. The Tata Group's FMCG arm is expected to fund half of these deals through internal accruals. READ MORE

12:05 PM

ALERT :: December WPI Inflation inches up to 0.73% vs 0.26% MoM

 

12:00 PM

ALERT :: Titagarh Wagons launches first indigenous 25T Bollard Pull Tug for Indian Navy

>> Their primary functons involve assistng naval vessels, including ships and submarines, in berthing, unberthing, and maneuvering.

11:45 AM

Market Check :: Sensex firmly holds 73,000-mark

11:30 AM

Nifty IT near 2-year high; up 9% in 2 days post solid Q3 show by majors

HCL Technologies, on the other hand, surged 5 per cent to Rs 1,619.60 after the company's revenue for the quarter grew 6.5 per cent year-on-year to Rs 28,446 crore, and 6.7 per cent on a quarter-on-quarter basis. This is one of the highest revenue growths since Q3FY21. It reported a net profit of Rs 4,350 crore, up 6.2 per cent year-on-year, and 13.5 per cent sequentially. READ MORE

11:14 AM

ALERT :: Fiem Ind approves bonus issue in 1:1 ratio

>> February 28, 2024 has been fixed as 'Record Date'