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)

10:59 AM

Retail investors' share in MF AUM goes past 60% for the first time in Dec

The growing retail dominance is also a result of outflows from debt schemes amid low returns after the rate cut cycle (2021-2022) and change in taxation. Debt funds derive the bulk of their flows from institutions. Investors pulled out a net Rs 3 trillion in the past three calendar years (2021-2023), according to data from the Association of Mutual Funds in India (Amfi). READ MORE

10:47 AM

Wipro soars 13% to new 52-wk high on bets consulting biz drag bottoming out

"In a seasonally-soft quarter, deal booking momentum remained strong. Our large deals recorded a 20 per cent year-to-date growth. Further, we are starting to see early signs of a return to growth in consulting, as demonstrated by the double-digit growth in order bookings in our Capco business," said Thierry Delaporte, chief executive officer (CEO) and managing director (MD), Wipro. READ MORE

10:35 AM

ALERT :: SpiceJet receives in‐principle approval from BSE for issuance of equity, preference shares

>> This approval paves the way for a new fund infusion of Rs 2,242 crore

>> The approval comes on the heels of SpiceJet's 39th Annual GeneralMeeting (AGM) held on January 10, where the members had approved the proposal for a fund infusion

>> A significant portion of the fund infusion will be utilized to fuel the airline’s growth, expand its network, bring grounded planes back into operation and position SpiceJet as a more resilient and competitive player in the aviation industry.

10:20 AM

51% of women prefer low-risk FDs, only 7% invest in stocks: Survey

The presence of dependents plays a major role in women’s investment behaviour. Specifically, 43 per cent of married women with dependents conservatively allocate 10-29% of their income to investing, while in contrast, a quarter of married women without dependents choose to invest over half of their income. READ MORE

10:08 AM

Delivery-based trades on the NSE decline due to valuation concerns

The Nifty50 is trading at a one-year forward price-to-earnings (PE) multiple of 21.9 against a five-year average of 19. The Nifty Midcap 100 is trading at a one-year forward P/E of 27.6 against a five-year average of 23.3, and the Nifty Smallcap 100 is at 21.1 against a five-year average of 16.9. READ MORE

9:56 AM

ALERT :: Man Industries receives new orders worth Rs 400 crore

>> The total unexecuted order book as on today stands at approximately Rs 1,300 crore to be executed in 6 months.

 

9:46 AM

Market Check :: Top stocks bucking strong market trends at this hour

9:45 AM

Market Check :: Sensex up over 600 pts; these are the top BSE gainers at this hour

9:42 AM

Gooduck India gains 3% on launch of QIP

>> Goodluck India Ltd. has launched its qualified institutional placement to raise up to Rs 200 crore.

>> The company's board has set the floor price for the issue at Rs 989.40 apiece, a discount of 10 per cent from its closing price of Rs 1,100.50 apiece on Friday.
 

9:40 AM

Avalon Tech advances over 3% on winning strategic manufacturing partnership for C-DAC

>> The company is now a strategic manufacturing partner for C-DAC (Centre for Development of Advanced Computing), a premier R&D organization of the Ministry of Electronics and Information Technology (MeitY).

9:38 AM

BHEL hits 52-week high on Rs 15,000-cr order from NLC India

>> Bharat Heavy Electricals has received a Letter of Award (LoA) for EPC package for Talabira Thermal Power Project (NTTPP) from NLC India Limited. The size of the order is in excess of Rs 15,000 crore.

9:36 AM

Large Trade :: Zomato slips over 2% as more than 45 million shares change hands via block deal

9:34 AM

Infosys claims new lifetime peak; extends Q3 rally by 3%

9:32 AM

Avenue Supermarts rises 1% on 17% Y-o-Y growth in Q3 PAT

>> The owner and operator of retail chain DMart, on Saturday, reported a 17 per cent rise in its consolidated net profit to Rs 690.41 crore for the third quarter ended December 31.

>> Its revenue from operations grew 17.31 per cent to Rs 13,572.47 crore during the quarter.
 

9:30 AM

HCL Tech hits record high post a solid Q3 show

>> 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.