Sensex slides 1,053 pts, Nifty ends below 21,250; ZEE plunges 31%, RIL 2%

Stock market highlights on Tuesday, January 23: The BSE MidCap and SmallCap indices fell nearly 3 per cent each. Sectorally, the Nifty Media index crashed 13 per cent

10:38 AM

Abolish STT, sops for rural India: What markets expect from interim budget

The interim budget proposals that will be presented on February 01 in the backdrop of the general elections scheduled in April / May 2024 are likely to have a hint of populism, believe analysts, but are unlikely to derail the government from its path of fiscal prudence. Read

10:30 AM

Zee plunges 10% as Sony calls off merger; CLSA downgrades stock to 'sell'

Shares of Zee Entertainment Enterprises (ZEEL) slipped 10 per cent on the BSE in Tuesday's intraday trade after Sony Pictures Networks India Private, a wholly-owned subsidiary of Sony Group Corporation of Japan, issued a termination notice to the company on their merger agreement on Monday. The Japanese firm has sought $90 million in termination fees from ZEEL. Read

10:14 AM

Technical View: Nifty may not climb back to 22,200 track soon

We had expressed our lack of confidence to climb back on the 22240-22400 trajectory in the face of 21800 posing a stiff resistance.

While we wait for a break beyond the same for confirmation, slippage past 21570 may lend into a sideways trend with negative bias.

A slow drop to the 20900 vicinity is a scenario which we have been watchful for, in the last week, but we will be watchful of bargain hunting resurfacing before testing 21350. 

Views by Anand James, Chief Market Strategist, Geojit Financial Services.

10:03 AM

New Listing: Medi Assist Health lists 11% higher over issue price

9:52 AM

Cipla soars 7% as Q3 profit rises 32% YoY, meets estimates

Cipla Q3 profit rises 32% YoY to Rs 1,056 crore.

9:48 AM

MRPL slips 4% as Q3 revenue declines from last year

Consolidated revenues were down at Rs 28,383 crore in Q3 of FY24 from Rs 30,966 crore in the same period last fiscal year.

Net profit was at Rs 392 crore from a loss of Rs 195 crore. 

9:42 AM

Chennai Petro sinks 10% post Q3 nos, crude oil jump

Crude oil price is up at $80 per barrel. 

9:39 AM

ICICI Bank jumps 3% on strong Q3 numbers

Q3 net profit met estimates and rose 24% YoY to Rs 10,272 crore. 

9:36 AM

Zee Ent tanks 10% as Sony call off merger; seeks $90 million in termination fees

9:33 AM

Pharma, Financial pockets lead gains; Media index slumps

9:30 AM

Smallcap index underperforms, falls in strong market

9:27 AM

Asian Paints, BPCL, Grasim top Nifty drags

9:25 AM

Cipla, Hero Moto lead gainers on Nifty

9:21 AM

ICICI Bank, Power Grid, Bharti Airtel power Sensex higher

9:18 AM

Opening Bell: Nifty reclaims 21,750