Sensex drops 326 pts, Nifty below 19,450; PSBs, metals rally, IT sinks

Closing Bell on November 13, 2023: SBI Life, Bajaj Finance, Grasim, Infosys, Nestle India, Apollo Hospitals, Tech M, ICICI Bank, and HDFC Bank were the top laggards

2:13 PM

Good recovery in rural mkts, hopeful to grow at par with urban: Dabur CEO

Besides, India's unemployment rate has decreased in the rural areas and the consumer confidence index is also at an all-time high, almost reaching the pre-Covid level, Mohit Malhotra added. READ MORE

2:02 PM

Market check:: BSE MidCap index rebounds; PSU shares lead recovery

1:54 PM

ALERT:: TajGVK Hotels fails to finalize agreement with Bajara Hotels; stock trades flat

TajGVK Hotels in an exchange filing said that the commercial terms for renewal of the Taj Banjara License agreement with Hotel Bajara could not be finalized between the parties.

1:41 PM

Torrent Power jumps 6% to fresh high; soars 92% from January's 52-week low

The net profit growth came on the back of increased contribution from merchant power sales in gas-based power plants, from licensed distribution businesses, higher contribution from renewable business. READ MORE

1:29 PM

Goldman upgrades Indian equities citing strategic appeal, downgrades China

The Wall Street bank has downgraded its views on China equities several times this year amid pessimism in the country's stock market. READ MORE

1:16 PM

Joe Biden sees hopeful signs for his reelection in Democrats' 2023 wins

Surrounded by dozens of Democratic donors at a glass art gallery space in Chicago last week, President Joe Biden urged them to look beyond negative poll numbers and feel assured their donations were not being wasted. READ MORE

1:04 PM

Eicher Motors rises 3% post Q2 results; should you buy, sell or hold?

Despite the competitive pressure, the company posted a healthy volume growth of 10.4 per cent Y-o-Y and marginally on sequential basis to 248,831 units. READ MORE

12:52 PM

ALERT:: India Ratings assigns stable ratings on BoB's infra bonds

India Ratings has assigned IND AAA/Stable to Bank of Baroda Rs 10,000 crore of Infrastructure and Affordable Housing Bonds, the bank said in an exchange filing.

12:38 PM

ALERT:: Bajaj Healthcare reported loss in Q2; stock soars 6%

Bajaj Healthcare today reported a net loss of Rs 3.46 crore for the quarter ended September 2023 as against a net profit of Rs 16.36 crore in the corresponding quarter a year ago. Total income declined 47.6 per cent YoY to Rs 102.43 crore from Rs 195.45 crore.

12:25 PM

Asian Market Update:: Taiwan stands tall in an otherwise subdued trade

Source: Yahoo Finance

12:12 PM

Fintech lending set to surpass traditional by 2030 for mid-small income

The credit needs of small to mid-income segments are unique and diverse, which can be sustainably fulfilled only through fintech lending, a leading market participant has said. Read

12:01 PM

Dilip Buildcon soars 7%, hits 52-week high on heavy volumes

The management said the road ahead for the infrastructure segment looks steady and poised to grow, and the company is well-positioned and perfectly equipped to capitalise on this opportunity. Read

11:48 AM

8.15% Interest for EPFO subscribers 'in pipeline', to be credited 'shortly'

The interest rate on EPF is reviewed annually, and for the fiscal year 2022-23, it is set at 8.15 per cent, up from the 7.59 per cent interest rate provided in FY22. Read

11:35 AM

ONGC to start oil production from $5bn deep-water project this month

ONGC's KG-DWN-98/2 or KG-D5 block, which sits next to Reliance Industries' KG-D6 block in the KG basin, has a number of discoveries that have been clubbed into clusters. Read

11:23 AM

With US funding in pocket, Adani plans expansion of overseas port empire

The announcement marked a welcome reprieve for India's Adani Group following a damaging short-seller attack and a number of corporate fraud allegations leveled against it this year. Read