Sensex falls for 4th day, drops 221pts; Nifty nears 19,650; PSBs defy trend

Closing Bell on Friday, September 22: The Nifty PSU Bank jumped the most, rising 3.5 per cent

3:38 PM

Sensex Heatmap :: Wipro, HDFC Bank weigh, IndusInd, SBI support

3:37 PM

Closing Bell :: Nifty settles near 19,650

3:36 PM

Closing Bell :: Sensex sinks 221 pts

3:26 PM

ALERT :: Zen Technologies bags order worth of Rs 227.65 crore from Ministry of Defence

3:15 PM

Hudco hits over 5-yr high; stock zooms 95% since April on positive outlook

Till 03:00 PM, a combined nearly 107 million shares, representing 5.3 per cent of total equity of Hudco, have changed hands on the NSE and BSE. In comparison, the S&P BSE Sensex was down 0.29 per cent at 66,038. READ MORE

2:59 PM

ALERT :: Lux Industries being investigated for over Rs 200-cr tax evasion, says report

>> Kolkata offices, homes of top officials being searched

>> Exchange has sought clarification from the company; reply is awaited

2:48 PM

Lenders seek RBI's guidance as OFAC restricts payments via ACU mechanism

The ACU was established in 1974 to enable regional cooperation, economise on foreign exchange reserves, and promote trade among its members. Alongside India, ACU members also include Bangladesh, Bhutan, Iran, the Maldives, Myanmar, Nepal, Pakistan and Sri Lanka. READ MORE

2:18 PM

India's inclusion in EM bond index can spark higher FX volatility: Bankers

The inclusion is expected to spur staggered inflows of $22-$30 billion, analysts estimate.
 

"The inclusion will boost foreign ownership (of bonds) and it is decidedly positive for the rupee in terms of the initial flows", Sakshi Gupta, principal economist at HDFC Bank, said. READ MORE

2:05 PM

India says rising oil prices a concern, but economic outlook 'bright'

Rising oil prices are a concern for the Indian economy but its outlook remains bright after better September monsoons and a retreat in the prices of some key food items, the government said in its monthly economic report on Friday. READ MORE

1:53 PM

ALERT:: Lupin to buy 5 legacy brands from Menarini; stock down 2%

Lupin has signed an agreement with A. Menarini India and A. Menarini Asia-Pacific Holdings for acquiring five legacy brands along with the associated trademark rights.

 

The brands are Piclin (Picosulphate Sodium), Menoctyl (Otilonium Bromide), Sucramal O (Sucralfate + Oxetacaine), Pyridium (Phenazopyridine) and Distaclor (Cefaclor), the company said in an exchange filing.

 

1:43 PM

Market check:: Volatility continues; Sensex down 100 pts

1:32 PM

What would India's inclusion in JPMorgan's bond index mean for its markets?

Currently, 23 Indian Government Bonds (IGBs) with a combined notional value of $330 billion are index eligible, JPMorgan said. READ MORE

1:23 PM

COMMENT on JP Morgan's Move:: Yields likely to decline pan-India

"JP Morgan's inclusion of India in the Emerging Market Index is a very positive move from the perspective of the Indian economy in general and the capital market in particular. The foreign demand for GoI bonds will push down their yields. This will happen much earlier than the date for inclusion, which is June 2024. Most of the corporate bonds yields are benchmarked to the yields on government bonds. Therefore, yields will decline pan India, across industries. The decline in the cost of capital will translate into higher profits for the corporate sector, which, in turn, will boost stock prices enabling the stock market to scale higher levels."

 

- Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

 

1:11 PM

JP Morgan boost: PNB Gilts zooms 20%, hits 52-week high on heavy volumes

A combined 27.85 million shares, representing nearly 60 per cent of free-float equity of PNB Gilts, have so far changed hands on the NSE and BSE. READ MORE

12:57 PM

ALERT:: NCC-J.Kumar Projects JV wins Rs 6,300 cr BMC contract;

NCC in association with J. Kumar Infra Projects (JKIL) has been awarded a project work worth Rs 6,302 crore by Brihanmumbai Municipal Corporation (BMC). The sharing ratio of the parties in the JV is NCC (51%) & JKIL (49%).