Sensex rallies 567 pts, Nifty nears 19,700; Realty index leaps 4%

Closing Bell on Tuesday, October 10, 2023: Sectorally, the Nifty Realty index jumped close to 4 per cent, while the Nifty PSU Bank and Metal indices added over 2 per cent each

3:25 PM

Sasken hits 52-week high; zooms 35% in one week after pact with Qualcomm

The company said its pact with Qualcomm marks a significant milestone in the realm of IoT innovation and underscores both firms' commitment in shaping the future of connected devices and services. READ MORE

3:13 PM

Not small-caps! Nifty Midcap 150 outperforms all major indexes in September

All sectors including auto, banks, consumer durables FMCG, healthcare were in the green. The Energy sector outperformed all others, surging by 6% during the month. READ MORE

3:00 PM

Indian smartphone firms having a tough time meeting PLI targets for FY24

On the other hand, global smartphone makers Foxconn (Hon Hai), Wistron, and Samsung have been meeting their targets successfully and are likely to do the same this year as well. READ

2:49 PM

ALERT: LTIMindtree bags order from Infineon Tech for SAP Transformation

2:33 PM

Adani's $3.5 bn Ambuja loan moves ahead after some banks get approval

A group of banks that have been in talks to lend about $250 million each toward a syndicated loan of about $3.5 billion to refinance debt which the Adani Group took out to fund its purchase of Ambuja Cements Ltd. have received internal approval for the deal, according to people familiar with the matter. READ

2:22 PM

BREAKING :: China govt mulling stimulus plan

2:16 PM

Crude steel output grows to 70 MT in Apr-Sep; trend to continue: SteelMint

India's crude steel production rose 14.7 per cent to 69.65 million tonne (MT) during April-September period of 2023-24 fiscal year, according to SteelMint India. READ

2:00 PM

IMF raises India FY24 GDP growth forecast by 20 basis points to 6.3%

The International Monetary Fund (IMF) on Tuesday raised its FY24 growth projection for India by 20 basis points to 6.3 per cent, citing stronger-than-expected consumption between April and June. READ

1:42 PM

GMDC soars 15% on heavy volumes; stock more-than-doubled in 2 months

CARE Ratings believes that GMDC will continue to maintain its dominant market position in the lignite mining business with a healthy operating performance backed by sales volume growth. READ

1:30 PM

Liquor industry welcomes decision to keep key alcohol ingredient out of GST

The ingredient, extra-neutral alcohol, accounts for 30-35% of the production cost for Indian-made foreign liquor. READ

1:17 PM

Hong Kong eyes stronger economic, trade ties with Thailand to expand role

Srettha arrived in Hong Kong on Sunday for a three-day trip. He met with officials and business leaders including Bernard Chan and Allan Zeman, according to his post on the X platform. READ

1:04 PM

Comment:: Buy the dips caused owing to Israel-Hamas conflict

"The Israel-Hamas conflict, though intense, is limited to a very specific area and is unlikely to trigger an immediate market reaction. During geopolitical turmoil, investors tend to make safer choices and gravitate towards precious metals. At the same time, they do not abandon equities either, as they expect them to perform better once stability returns. Specifically, from an Indian market perspective, economic growth remains robust. Investors may view any market dip as an opportunity."

 

- Sarvjeet Virk, Co-Founder & MD, Finvasia 

 

12:54 PM

ALERT:: Vascon Engineers wins RS 353 cr order; stock up 3%

Vascon Engineers in an exchange filing said, the company has received Letter of Acceptance amounting to Rs 352.91 crore from Jharkhand State Building Construction Corporation Limited, for remaining work of Construction of Medical College and Upgradation of District Hospital at Koderma.

 

12:42 PM

Watch out! Some big banks are reducing FD rates and increasing loan rates

The increase in HDFC Bank's MCLR comes even as the RBI kept policy repo rate unchanged at 6.50 per cent for the fourth time in a row last week. READ MORE

12:28 PM

Stock of this telecom equipment company has zoomed over 200% in 5 months

Shares of Avantel surged 20 per cent to hit a new high of Rs 306 on the BSE in Tuesday's intra-day trade, after the board recommended issue of bonus shares in the ratio of 2:1. READ MORE