Sensex plunges 901 pts, Nifty nears 18,850 as sell-off enters 6th day

Closing Bell on October 26, 2023: In the broader market, the BSE MidCap index shed 0.94 per cent, and the BSE SmallCap index fell 0.19 per cent

12:49 PM

Sona Comstar surges 5% on strong Q2 operational performance

The company's consolidated Ebitda grew 35% YoY at Rs 223 crore; margins improved 300 bps YoY at 28.4%, largely due to the positive impact of product mix. Read

12:33 PM

Option traders see RBI's grip on Rupee lasting for the rest of 2023

The rupee has weakened about 0.5 per cent this year, the least among Asia's emerging markets, thanks to inflows of nearly $18 billion and RBI intervention. Read

12:15 PM

Thematic funds rule MF space: Kotak MF joins bandwagon with consumption NFO

Thematic and sectoral funds have witnessed an inflow to the tune of Rs 22,837 crore, next to only small-cap  funds  in the past one year, of which 75 per cent  came through new fund offers (NFOs). The maximum inflow into sectoral/thematic funds was seen in the Sept quarter at Rs 9,387 crore. Read

12:00 PM

US growth for last qtr likely reflected consumers' resistance to Fed hikes

Last quarter's robust growth, though, will probably prove to be a high-water mark for the economy before a steady slowdown beginning in the current October-December quarter and extending into 2024. Read

11:46 AM

Zen Technologies secures Rs 100 cr order from MoD for tank training system

Zen Technologies had won an order for anti-drone systems worth Rs 227.65 crore and orders worth Rs 202 crore from the defence ministry earlier this year. Read

11:31 AM

Max Fin, JSP, Oberoi: Strategy for stocks with highest F&O rollover to Nov

At the end of the penultimate day for the October series on Wednesday, the market wide rollovers stood at 72 per cent when compared with the last three-month average of 75 per cent on the same day. Read

11:14 AM

Sonata Software surges 6% in weak market on healthy Q2, 1:1 bonus issue

The board also declared an interim dividend of Rs 7 per share (700 per cent on par value of Rs 1) for the financial year 2023-24. Read

11:03 AM

Market check: Nifty retreats to lowest level since June 28

Nifty's intra-day low of June 28 was 18,861. 

Nifty crossed 19,000 for the first time on June 28. 

Index has now fallen below 19k for the first time in 4 months. 

10:47 AM

IRM Energy makes weak debut, lists at 5% discount against issue price

Shares of IRM Energy listed at Rs 477, a 5 per cent discount against its issue price of Rs 505 per share on the National Stock Exchange. Read

10:31 AM

Aurobindo Pharma: Strong prospects offset by valuation concerns

Since the start of this financial year (FY24), the stock of Aurobindo Pharma has been one of the top pharma gainers, enhancing investor wealth by over 68 per cent, with a third of those gains coming in the last three months. READ MORE

10:19 AM

Tech M hits over 2-month low on disappointing Q2 results; analysts bearish

Shares of Tech Mahindra slipped 5 per cent to Rs 1,089 on the BSE in Thursday's intraday trade after the information technology companyreported a weak set of numbers for the quarter ended September (Q2FY24) with its net profit plummeting 61.6 per cent year-on-year (YoY) to Rs 494 crore. Sequentially net profit was down 28.7 per cent. READ MORE

10:04 AM

New Listing :: IRM Energy lists at Rs 479 on BSE vs issue price of Rs 505

9:50 AM

Market Check :: Nifty breaks below 18,950

9:47 AM

Market Check :: Sensex plummets 600 pts; 29 stocks in red

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9:45 AM

Comment :: 'Risk-off in equities triggered by economics, geopolitics'

>> There is risk-off in global equity markets triggered by a combination of economics and geopolitics.

>> The Israel-Hamas conflict continues to be a major headwind for markets. If the conflict lingers for long, it has the potential to impact global growth, too, when the global economy is already in the midst of a slowdown.

>> In the near-term, however, the strongest headwind for the market is the stubbornly high US bond yields. With the 10-year bond yield at near 5%, FPIs are likely to be in the sell mode.

>> Sectors like banking and IT which constitute the largest segments of the AUM of FPIs are likely to be under pressure. This will provide opportunities for long-term investors to buy quality stocks, particularly in banking, at attractive rates.

Views by: V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services