Sensex drops 379 pts, Nifty nears 21,650 amid Covid scare; pharma stocks up

Closing Bell on January 2, 2024: Among sectors, the Nifty Pharma index zoomed 2.5 per cent, followed by the Nifty Media index (0.43 per cent), and the Metal index (0.26 per cent)

2:22 PM

Not in talks with Musk's Starlink for a tie-up, says Vodafone India

On Monday, the Bombay Stock Exchange, where Vodafone Idea's stock is listed, had asked the company for a clarification, citing the BusinessWorld report. READ MORE

2:09 PM

Better risk-reward, FPI flows augur well for LargeCap MFs in 2024: Analysts

Valuation is comfortable for large-caps, but there is little margin of safety in the broader market categories, analysts said. READ MORE

1:55 PM

Stock of this pharma company has nearly doubled against its issue price

Mankind Pharma hit record high of Rs 2,132.10, rallied 8% in intra-day trade and zoomed 97% against its issue price of Rs 1,080 per share. READ MORE

1:43 PM

Gold expected to move much higher in 2024, could touch Rs 70,000

The yellow metal has boomed from the lows seen in the last six months to levels above $2000, and currently, it is perched at the $2050 level. READ MORE

: 

1:30 PM

SC to consider hearing Vedanta's plea on Sterlite copper unit in Tami Nadu

The Tamil Nadu government had on May 28, 2018, ordered the state pollution control board to seal and "permanently" close the mining group's plant following violent protests over pollution concerns. READ MORE

1:16 PM

ALERT:: Intellect Design Arena arm wins deal from OTP Bank; stock down 2%

OTP Bank has chosen Intellect Digital Core (IDC) core banking system by Intellect Global Consumer Banking (iGCB), the consumer banking arm of Intellect Design Arena to power its banking experience, the company said in an exchange filing.

1:03 PM

YES Bank hits 52-week high in dismal trade; stock soars 14% in 4 days

Shares of YES Bank jumped 5 per cent to hit a 52-week high of Rs 23.71 on the BSE in Tuesday’s intra-day trade on the back of heavy volumes. READ MORE

12:51 PM

Russian crude oil cargoes head away from India amid payment issues

"China seems to have stepped in to save the idling Sokol cargoes," said Viktor Katona, lead crude analyst at data intelligence provider Kpler. READ MORE

12:38 PM

Asian Market Update:: Hang Seng down nearly 2%; Kospi up 0.5%

Source: Yahoo Finance

12:25 PM

As Covid-19 cases rise in India; should you keep pharma stocks on radar?

Barring Dr Lal Pathlabs, the other four healthcare related stocks listed below seem to be trapped in a range for now, charts suggest. READ MORE

12:11 PM

5 Reasons why Sensex fell 650 pts, Nifty below 21,600 intra-day on Tuesday

The S&P BSE Sensex fell over 650 points, while the NSE Nifty 50 shed nearly 200 points in intra-day trades on Tuesday. READ MORE

12:00 PM

ALERT :: Lloyds Metals and Energy in focus; stock up 2%

11:43 AM

JBM Auto rallies 23% in 3 days on plan to deliver 2,000 e-buses in FY24

The company is also an Original Equipment Manufacturer (OEM) as it is engaged in the production of Passenger Buses.

India’s electric bus market has experienced rapid growth in the past two years, driven by demand aggregation, standardization efforts, product advancements, and improved charging infrastructure. READ MORE

11:28 AM

Vedanta Resources faces investor reckoning over $3.2 billion of bonds

Bondholders have until Jan. 2 to give an early consent on a plan to push out due dates on $3.2 billion in bond repayments, a move that prompted S&P Global Ratings in December to cut the company’s rating deeper into junk. READ MORE

11:12 AM

India Inc billionaire promoter club: Count swells to record 152 in 2023

The 2023 list reveals a democratisation of the billionaire’s club, with new members entering and the richest promoters’ share in the overall net worth declining. The country’s two wealthiest promoters — Mukesh Ambani and Gautam Adani — accounted for 25.5 per cent of the combined net worth of all billionaire promoters in 2023, down from their 34.8 per cent share in 2022. READ MORE