Sensex gains 307 pts, Nifty holds 19,750; IT stocks dazzle, PSBs decline

Closing Bell on November 16, 2023: Among sectors, the Nifty PSU Bank index fell 0.24 per cent, the Nifty FMCG 0.15 per cent, and the Nifty Bank 0.09 per cent

9:27 AM

RateGain Travel falls over 2% as co sets floor price for QIP at discount

>> The company opened a fund raise plan via qualified institutional placement (QIP) at Rs 676.66 per equity share fixed as the floor price. It closed at Rs 711.75 apiece on the BSE on Wednesday.

9:25 AM

Vedanta drops over 1% amid broad fall in metals pack; co sets up arm in Saudi Arabia

>> Malco Energy Limited, the group's subsidiary company, has set up a new unit in Saudi Arabia for copper business for SAR 1,00,000.

9:24 AM

TCS gains in weak market on fixing record date for buyback

>> TCS has fixed November 25 as the record date for determining the entitlement and eligibility of equity shareholders for participation in the company’s Rs 17,000-crore share buyback plan.

9:22 AM

Broader markets mixed; smallcaps shine

9:20 AM

Sectoral trends :: Metal index slips 0.3%, Realty up 0.2%

9:18 AM

Sensex Heatmap :: Bajaj twins, pvt banks, RIL drag

9:17 AM

Opening Bell :: Nifty opens below 19,650

9:16 AM

Opening Bell :: Sensex starts with minor downtick

9:08 AM

Pre-Open Session :: Nifty barely changed

9:07 AM

Pre-Open Session :: Sensex down 21 pts

9:03 AM

Currency Alert: Rupee opens at 83.18/$, weakens by 4 paise

9:00 AM

Watch: How will the primary market shape up in Samvat 2080?

8:57 AM

MCX stock riding on hopes of strong prospects post technology upgrade

After a technology upgrade, the Multi Commodity Exchange of India (MCX) appears poised for an improvement in volumes. The premier commodity and forex exchange reported a loss of Rs 19.1 crore in the July-September quarter (second quarter, or Q2) of 2023-24 (FY24). This was attributed to higher software charges payable under an extended service agreement with 63 moons technologies and a one-off cost towards core guaranteed funds (CGF). Read

8:54 AM

Near-term headwinds likely to delay recovery in agrochemical major UPL

UPL, the country’s largest agrochemical company, had a weak July-September quarter (Q2), reporting a sharp fall in revenues across geographies. Overall, the revenues were down 19 per cent on the back of lower agrochemical prices and inventory destocking. Read

8:50 AM

ALERT: Tata Tech IPO price band fixed at Rs 475-500

Tata Technologies IPO's price band has been set at Rs 475-500 per share.

The issue will open on November 22 and close on November 24. 

Tata Tech PE based on diluted EPS for FY23 is 32.53 times, as per the company.