RIL, HDFC Bk drag Sensex 790 pts, Nifty below 22K; Voda slides 14%, ZEEL 7%

Stock market highlights on Wednesday, February 28: The BSE MidCap and SmallCap indices declined 1.8 per cent and 1.9 per cent, respectively

2:11 PM

Is it a good time to buy stocks, or will the markets correct further?

It has been a topsy-turvy few weeks for the markets. While the S&P BSE Sensex has managed to eke out minor gains thus far in calendar year 2024, the small-cap and midcap (SMC) indices on the BSE have risen over 7 per cent each during this period. Read

1:56 PM

Tata Tech, Fedbank: Recently listed stocks hit lowest levels since debut

Shares of the recently listed companies Tata Technologies, Capital Small Finance Bank (SFB), Fedbank Financial Services, and Entero Healthcare Solutions hit their respective record lows on the bourses today, after nearly 1 per cent decline in the benchmark indices. These stocks were down in the range of 2 per cent to 4 per cent on the BSE as against the S&P BSE Sensex's 0.6 per cent dip to 72,629 level at 11:43 AM. Read

1:38 PM

Reliance Capital to be delisted from stock exchanges

In the exchange filing, it was noted that the proposed steps to achieve the minimum public shareholding, as per the incoming investor or acquirer, were deemed not applicable. This decision is in line with the approved resolution plan, which outlines the delisting of existing equity shares. READ MORE

1:20 PM

Zee, Paytm top Nifty 500 losers so far in 2024; will the fall continue?

Among the outperformers, so far, as of February 27, Tuesday, Oracle Financial Services up 86 per cent was the top Nifty 500 gainer. MRPL, NBCC (India), Infibeam Avenues, Tata Investment Corporation and Sobha were the other major movers - up 64 - 77 per cent. READ MORE

1:00 PM

DreamFolks Services soars 7% as MOFSL initiates coverage, sees 34% upside

Shares of Dreamfolks Services zoomed 7 per cent to Rs 518 apiece on the BSE in Wednesday's intraday trade after Motilal Oswal Financial Services initiated coverage on the stock, seeing over 30 per cent upside from current levels. Read

12:50 PM

ALERT :: Bajaj Healthcare enters into definitive CDMO agreement with UK/EU based customers for 15 APIs

12:35 PM

ALERT :: Ramco Systems goes live with Aviation M&E MRO Suite

>> Global aviation software provider Ramco Systems announced that it has successfully gone live with its Aviation M&E MRO Suite V5.9 at HAS International Sdn. Bhd, Malaysia’s leading provider of offshore helicopter services for the oil and gas sector.

>> With modules for CAMO, Production, Flight Management, Supply Chain, and Finance, Ramco Aviation Suite V5.9 enables HAS International to streamline their CAMO operations, track flights and Power-by-the-Hour (PBH). In addition, with its digital enablers, Ramco will also facilitate operational efficiencies for HAS International.
 

12:20 PM

ALERT :: Balaxi Pharma approves stock split in 1:5 ratio

12:05 PM

Thyrocare completes acquisition of Think Health; stock hits 21-month high

Shares of Thyrocare Technologies hit a 21-month high of Rs 722 as they rallied 12 per cent on the BSE in Wednesday's intraday trade amid heavy volumes, after the company completed the acquisition of Think Health Diagnostic Private Limited (Think Health). Read

11:47 AM

Will Voda Idea hold this weekly support level? Check key levels here

Shares of Vodafone Idea tumbled 6 per cent to a low of Rs 14.85 in intra-day deals on Wednesday a day after the company's board approved Rs 45,000 crore fund raise by way of debt and equity.
 

As per the proposal approved, the company plans to raise up to Rs 20,000 crore through a combination of equity or equity-linked instruments and the rest through debt. Read

11:34 AM

Market Check: Sensex sees sharp fall, down 400 pts

11:20 AM

Adani holds Singapore meeting for first dollar bond since Hindenburg crisis

An executive arrived at an office tower overlooking the city state’s Marina Bay in a black van on Wednesday, the first stop on a tour of international financial hubs to win over buyers for roughly $409 million of new debt. Hong Kong is on the itinerary for Thursday. Read

11:02 AM

Havells India hits record high, rallies 6% in 2 days; m-cap nears Rs 1 trn

Shares of Havells India hit an all-time high of Rs 1,513.90, gaining 3 per cent on the BSE in Wednesday’s's intraday trade, extending its Tuesday's 3 per cent upmove on anticipation of better January-March quarter (Q4) demand for fans and air-conditioners (ACs). Read

10:40 AM

Juniper Hotels lists at Rs 365 against issue price of Rs 360

Juniper Hotels made a quiet debut on the bourses on Wednesday, listing at Rs 365 -- a 1.4 per cent premium over its issue price of Rs 360 per share on the National Stock Exchange (NSE). Read

10:26 AM

Rs 45,000-crore fund raise fails to lift Vodafone Idea stock; here's why

Shares of debt-laden Vodafone Idea plummeted 4.8 per cent to Rs 15.10 apiece in trade in Wednesday's intraday trade, a day after the company's Board approved fund raise of Rs 45,000 crore as most analysts maintained 'Reduce' rating on the stock given ambiguity over contours of the fund-raise. Read