BSE SME cracks 5%, broader indices slip up to 2%; Sensex ends 165 pts up

Market wrap on March 12, 2024: The BSE MidCap and SmallCap indices shed 1.2 per cent and 2.1 per cent, respectively; while the SME index tumbled 4.5 per cent on Tuesday.

1:54 PM

Alert: RVNL gets order from Rajasthan Rajya Vidyut Prasaran Nigam worth Rs 193 crore

1:34 PM

Tata power commissions solar & battery energy storage project; stock down 3.1%

Tata Power on Tuesday informed the exchanges that it has commissioned the Solar and Battery Energy Storage Systems (BESS) project that comprises 100 MW Solar PV Project coupled with 120 MWh Utility Scale Battery Energy Storage System (BESS), at Rajnandgaon in Chhattisgarh. The project is expected to generate an estimated 243.53 million units of energy annually and reduce carbon footprint of 4.87 million tonnes in 25 years, contributing significantly to India's renewable energy goals.

1:18 PM

Report: NSE cuts transaction charges with effect from next fiscal

The National Stock Exchange's board has given nod for 1 per cent cut in the overall transaction charges across cash equity and equity derivative segments from the start of the next fiscal, according to a report by NDTV Profit. 

Photo: Bloomberg

1:03 PM

Debt funds steal the show in Feb 2024, liquid funds get maximum inflows

In February 2024, debt-focused funds attracted net inflows totalling Rs 63,809 crore, marking the second consecutive month of positive inflows. In January 2024, these funds experienced a surge of Rs 76,469 crore. Read

12:46 PM

Passenger vehicles record their best February with sales of 370,000 units

Passenger vehicles in India recorded their highest-ever February domestic sales of 370,786 units this year, 10.8 per cent higher than 334,790 units in February last year, according to the data released by the Society of Indian Automobile Manufacturers (Siam) on Tuesday. Read

12:33 PM

Nifty Next 50 outperforms all major indexes in Feb and is up 58.4% in a yr

In February 2024, Nifty Next 50 has emerged as a best-performing index with a growth of 6.68 per cent. The index has seen consecutive growth during the last three monsths, six months and one year at 22.85 per cent ,32.8 per cent and a 58.36 per cent, respectively, shows data analysed by Motilal Oswal. Read

12:16 PM

Sebi probing smallcaps a warning bell for microcaps; time to exit: Analysts

Micro-cap stocks are in the line of fire as market regulator Securities and Exchange Board of India (Sebi) is tightening its noose around investment in small-cap stocks. Given this, analysts suggest investors exit the segment for the time being. Read

12:02 PM

614 stocks freeze in lower circuit amid SmallCap rout; Tata Invest sinks 5%

Over 600 stocks were locked in their respective lower circuits on BSE in Tuesday's trade with no buyers seen in these counters as the sharp sell-off in small and micro-cap stocks continued for a second day amid regulatory concerns. Read

11:49 AM

Safe investment option: What is a fixed deposit; how does it work

Fixed deposits are a popular way to invest money as they are safe and offer good returns in comparison to savings accounts. A fixed deposit (FD) is an investment in which an individual puts a lump sum amount with a bank or a financial institution for a specific period of time. Read

11:37 AM

ITC slumps to 8-month low; slips 2% as BAT may sell partial stake this week

Shares of ITC hit an eight-month low of Rs 399.30, down 2.5 per cent on the BSE in Tuesday's intraday trade in an otherwise firm market, on report that British American Tobacco Plc (BAT) is planning to sell a part of its stake in its Indian partner this week. Read

11:20 AM

IndiGo: Promoter stake sale a non-event; analysts see up to 15% upside

Shares of InterGlobe Aviation (IndiGo) rallied up to 4 per cent on Monday owing to block deals at the counter as the company's co-founder exited partial stake. The stock has gained 10 per cent so far this year, as against a near 3 per cent gain on the NSE benchmark Nifty 50 index. Read

11:09 AM

Market Check :: BSE SmallCap down 1.8%

10:51 AM

Market Check :: Benchmarks extremely volatile; Sensex down 150 pts

10:46 AM

NSC or 5-year FD? Which is the better tax-saving investment option?

National Savings Certificate (NSC) is a fixed-income post office savings scheme. It is offered by the government of India. One has to visit the post office to activate this scheme, which comes with a lock-in period of 5 years where one cannot extend the certificate beyond this tenure. The interest rate in this scheme remains fixed throughout the tenure. The current interest rate for an NSC is 6.8 per cent p.a which is payable on maturity.  READ MORE

10:30 AM

R K Swamy makes weak debut, lists at 13% discount to its issue price

Post listing, the stock hit a high of Rs 284.90 and a low of Rs 243 on the NSE. At 10:05 AM, RKSL was trading at Rs 281.80, 13 per cent higher from its opening level and 2 per cent lower against its issue price. A combined 4.7 million equity shares have changed hands on the NSE and BSE thus far in trade. READ MORE