Sensex, Nifty end lower dragged by HDFC Bank, RIL; PSU Bank index jumps 3%

Closing Bell on Monday, September 18: The S&P BSE Sensex fell 242 points to 67,597 levels, while the Nifty50 ended below the 20,150-mark at 20,133, lower by 59 points

1:14 PM

Torrent pharma in advance talks with CVC Capital to buyout Cipla promoters

Pharma maker Torrent Pharmaceuticals Ltd is in advanced discussions with European fund CVC Capital partners to raise at least $1.2-$1.5 billion as it gets ready to assemble a $7 billion acquisition package to acquire Cipla, according to a report by The Economic Times (ET). READ

12:58 PM

1/4th buy travel insurance 30 days prior to trip: How to pick right one

You must ensure that the most common and basic benefits like coverage for COVID-19, medical emergencies, trip cancellation and curtailment, baggage loss and passport theft, etc., are covered under you. READ

12:46 PM

Bajaj Auto CEO Rajiv Bajaj does not expect entry-level consumers to come back this festive season

>> Bajaj Auto CEO told CNBC-TV18 that he does not see entry-level consumers to come back this festive season. 

>> Entry level 100cc motorcycle segment continues to be under pressure for the industry, he says
>> Mid-market will continue to be astrong area of focus for near-term

>> Premium segment witnessing positive growth

 
Via CNBC-TV18 and Reuters

12:37 PM

Report: Malaysia to discuss 'best solutions' with India on rice export ban

Malaysia will talk to the Indian government to find a "best solution" over the South Asian country's rice export restrictions, Malaysia's agriculture minister said on Monday, amid concerns over rising prices and supply shortages, reported Reuters.

12:20 PM

Nifty heavyweights at crossroads; HDFC, ICICI Bank look favourable on chart

HDFC Bank, Reliance Industries, ICICI Bank, Infosys and ITC collectively hold over 42 per cent weightage on the Nifty 50, and are expected to act as trend setters for the benchmark. READ

12:09 PM

Titan gains 2%, hits new high on hopes of healthy operational performance

Shares of Titan Company hit a new high of Rs 3,307.35, up 2 per cent on the BSE in Monday's intra-day trade, in an otherwise subdued market, on hopes of the company sustaining its healthy operating performance, supported by strong market position across products. By comparison, the S&P BSE Sensex was down 0.17 per cent at 67,724 at 11:14 AM. READ

11:58 AM

JPMorgan sees India's share sale boom reaching $30 billion in 2024

JPMorgan is the top manager of equity and rights offerings in India in the first eight months of 2023, according to data compiled by Bloomberg League Tables. The American bank has a market share of nearly 15%, followed by Kotak Mahindra Bank Ltd., which has an 11% share of the market. READ MORE

11:45 AM

Stocks euphoria in Indian market draws warning from top-performing fund

The Nifty Smallcap Index and the Nifty Midcap Index have each jumped about 30% year-to-date. The benchmark NSE Nifty 50 Index has risen over 11%, beating broader gauges of Asian and emerging-market stocks by at least six percentage points. READ MORE

11:34 AM

Exclusive :: Buying stocks today seems like a good idea, says Julius Baer's Mark Matthews

US stocks have been in a bull market since June when the S&P 500 surpassed 20 per cent from its October 2022 low. When we examine all the bull markets of the past 100 years, three-quarters of them have seen returns exceeding 30 per cent. So, the odds are good that there is still more to come. Buying stocks today seems like a good idea. READ MORE

11:21 AM

ALERT :: Jubilant FoodWorks appoints Somnath Das as senior VP for Supply Chain

>> Somnath Das will be appinted as Senior Vice President–Head Supply Chain & Manufacturing in the senior management of the company

>> Effective Date - September 18, 2023; Term of appointment - not applicable

11:14 AM

Parliament Special Session :: Lok Sabha speaker begins address

11:11 AM

Stock of this GMR Group company has zoomed over 100% in past one month

Today, the stock of the power generation company was trading higher for the fourth straight session, zooming 39 per cent during the period after its step-down arm GMR Smart Electricity Distribution received a Letter of Intent (LOA) for a smart metering project worth of Rs 2,470 crore from Dakshinanchal Vidyut Vitran Nigam Limited. READ MORE

11:00 AM

ALERT :: Salasar Techno Engineering bags EPC contract worth $9.40 million

>> STEL has been awarded a prestigious contract worth $9.40 million, equivalent to Rs 75.23 crore, by Energy Development CorporaHon Ltd. for the Rwanda Transmission System Reinforcement and Last Mile Connectivity project

Check details here

10:49 AM

ALERT :: Capacite Infra wins order worth Rs 281 crore

>> Capacite Infraprojects has received an order from Raymond Limited (Realty Division) for total contract value of Rs 281 crore
 

10:37 AM

Who's fairest of them all? In fund managers' mirror, both small & midcaps

In light of this backdrop, it becomes quite intriguing to closely watch the stocks that equity fund managers are either increasing or decreasing their exposure to. In the midcap segment, notable inflows from domestic mutual funds (MFs) have been directed towards information technology firm Coforge, wind turbine company Suzlon Energy, and the recently listed Concord Biotech. READ MORE