Smallcaps shine in weak market; PSB, IT shares slip, FMCG, defence gain

Closing Bell on September 26, 2023: The BSE Sensex closed at 65,945 levels, down 78 points, while the Nifty50 shut shop at 19,665, down 10 points

SI Reporter New Delhi

11:45 AM

Top ten mutual fund categories which witnessed highest AUM growth in a year

August was a good month for the mutual fund industry with assets under management ( AUM) reaching an all-time high at Rs 47 lakh crore. Of the total AUM, over 50% or Rs 24 lakh crore is in equity, hybrid and solution-oriented schemes where the majority of retail investors invest their money, revealed an analysis by ICICI Securities. READ

11:32 AM

Gland Pharma gains 1.5% on receiving EIR from US FDA for unit

Gland Pharma has received an establishment inspection report from the US FDA for its Pashamylaram facility

US FDA inspected the Hyderabad unit from June 15-27, it was a pre-approval inspection for 7 pdts & for good mfg practice

11:18 AM

'America's natural ally': Five things JPMorgan chief Dimon said about India

Jamie Dimon said that given the changes in the global dynamics, war in Ukraine and the USA's tensions with China, India will be its 'best ally' for the next 100 years. READ

11:04 AM

Explained: What JP Morgan's bond inclusion means for India, markets, rupee

India is set to see billions of dollars of inflows after JP Morgan Chase & Co became the first global index provider to include Indian bonds on its emerging market index last week. Currently, foreign investors own two per cent of Indian debt, a number which could more than double after the next inclusion. READ

10:49 AM

Apar Industries rallies 7% on fund raising plan; stock zooms 357% in 1 year

Shares of Apar Industries rallied 7 per cent on the BSE to hit a record high of Rs 5,801 in Tuesday’s intra-day trade after the company said its board will meet on Thursday, September 28, 2023 to consider fund raising plans. READ

10:37 AM

Jefferies is bullish on these two 2-wheeler makers, sees up to 23% upside

Shares of Eicher Motors, the listed parent company of Royal Enfield, and TVS Motor Company were in focus and rallied up to 4 per cent on the BSE in Tuesday’s trade. READ

10:23 AM

Delta Corp sinks 23% in 2 days post tax notice; Kacholia sells 0.6% equity

Shares of Delta Corp hit a 33-month low of Rs 134.70, as they slipped 6 per cent on the National Stock Exchange (NSE) in Tuesday’s intra-day trade as investor Ashish Rameshchandra Kacholia sold 1.5 million shares on Monday via open market. READ

10:12 AM

Nuvama Wealth lists at Rs 2,699 on BSE; stumbles 5% threrafter

10:02 AM

Welspun Corp up 2% as subsidiary to set up unit with Rs 350 crore in Telangana

Welspun Corp announced that its wholly owned subsidiary Sintex BAPL has signed a Memorandum of Understanding (MoU) with Telangana government to set up a manufacturing unit in the state with an investment of up to Rs 350 crore.

The proposed project will be under the state government's incentive scheme and will manufacture water tanks and pipes. The project is expected to be completed within the next two years.

10:00 AM

Fortis Healthcare gains in wk market; board approves acquiring Artistery Prop for Rs 32 cr

Board has approved the acquisition of a 99.9% stake in Artistery Properties Private Ltd for Rs 32 crore. The acquisition is part of Fortis Healthcare's expansion plans, particularly in the vicinity of Fortis Hospital, Anandpur, Kolkata.

9:55 AM

HDFC AMC up 1.5% on plan to invest Rs 25 crore in international unit

To invest Rs 25 crore in HDFC AMC International to help it meet the net worth requirements prescribed for Registered Fund Management Entity (Retail) under IFSC rules.

9:52 AM