Sensex up 173 pts on Nomura upgrade, Nifty tops 19,700; all but banks gain

Closing Bell on September 27, 2023: Among sectors, most of the key indices settled in the positive zone with the Nifty Pharma index gaining the most, up 1.2 per cent

12:56 PM

Glenmark, Cosmo partner to bring acne treatment Winlevi to Europe, S Africa

Glenmark Specialty SA, a subsidiary of Glenmark Pharmaceuticals, and Cosmo Pharmaceuticals NV, on Wednesday, announced the signing of distribution and licence agreements for Winlevi (clascoterone cream 1 per cent, used to treat acne vulgaris) in Europe and South Africa. READ

12:44 PM

Stock of this recently-listed jewellery retailer has zoomed 47% in 2 weeks

Emkay Global Financial Services initiated coverage on Senco Gold with BUY rating and target price of Rs 630 per share. READ

12:31 PM

HCLT, Infosys: Morgan Stanley ups target price of IT stocks by up to 29%

Morgan Stanley has raised upwards the target prices of select information technology (IT) stocks by up to 29 per cent on a likely improvement in earnings going ahead. Within the IT and engineering, research, and development (ER&D) services, they are now getting more constructive on growth/margin estimates for fiscal 2025 (FY25). READ

12:16 PM

Manappuram jumps 4%; ED directed to release documents of MD's frozen property

The Kerala high court has directed the ED to return and release all original documents of MD and CEO V P Nandakumar's frozen properties. Read

12:04 PM

Oil resumes uptick; Brent tests $95 per barrel

11:54 AM

Nomura upgrades stance on Indian market from 'neutral' to 'overweight'

Nomura has upgraded its stance on the Indian market from ‘neutral’ to ‘overweight’. In the Asia (excluding Japan) portfolio, the brokerage has recommended a weight of 18.2 per cent, 100 basis points higher than India’s weightage in the benchmark MSCI Asia ex-Japan index. READ

11:40 AM

Infosys to begin fresh appraisal cycle; last year hikes still pending

Infosys is set to initiate a new appraisal cycle for the ongoing financial year; however, some employees remain uncertain about what to expect as they are still awaiting salary hikes from the previous year's performance review cycle, according to a report by the Economic Times. READ

11:27 AM

HLE Glascoat zooms 16%; here's what fueling the sharp rally at the counter

Shares of HLE Glascoat surged 16 per cent to Rs 587.55 on the National Stock Exchange (NSE) on the back of heavy volumes after DSP Mutual Fund on Tuesday acquired over 3 per cent stake in the company via block deals. READ

11:13 AM

Britannia, CDSL, Polyplex among 5 low-risk stocks to add to your portfolio

Indian equity market has entered a phase of uncertainty, off late, mirroring weak cues from the overseas peers as worries over global economic slowdown, higher bonds yields and spurt in crude oil prices weigh on the sentiment. READ

11:00 AM

Clash between India and Canada threatens to hurt trade, investment

Canada-India ties have deteriorated since Prime Minister Justin Trudeau accused New Delhi of orchestrating the assassination of a Sikh separatist leader in British Columbia. Now, the diplomatic standoff threatens to spill over into their economies. READ

10:45 AM

Sai Silks Kalamandir makes quiet debut; stock lists 4% over issue price

Sai Silks (Kalamandir) (SSKL) made a quiet debut on Wednesday with the company’s equity shares being listed at Rs 231 on the NSE, a 4 per cent premium over its issue price of Rs 222 per share. The stock listed at Rs 230.10 on the BSE. READ

10:33 AM

Signature Global makes healthy debut in weak market, lists at 16% premium

Shares of real estate firm Signature Global (India) made a good market debut on Wednesday, listing at Rs 445 on the BSE, a 16 per cent premium over its issue price of Rs 385 per share. READ

10:21 AM

Vedanta tanks 6% as Moody's downgrades corporate family rating to Caa2

Shares of Anil Agarwal-led Vedanta tumbled 6.25 per cent to Rs 210 apiece on the BSE on Wednesday after Moody's Investors Service downgraded the corporate family rating for Vedanta Resources Limited (VRL) to 'Caa2' from the earlier 'Caa1' READ

10:08 AM

LISTING ALERT: Sai Silks sees tepid debut, lists at 4% premium on BSE

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10:06 AM

LISTING ALERT: Signature Global lists at 15% premium on BSE

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