Sensex drops 523 pts, Nifty tests 21,600 ahead of Jan CPI data; PSBs sink

Stock market highlights on February 12, 2024: The broader markets suffered deeper losses with the BSE MidCap index falling 2.6 per cent and the BSE SmallCap 3.16 per cent

9:23 AM

Gensol Engineering rallies 5% as consortium wins project under PLI

>> Gensol Engineering & Matrix Gas consortium has won a bid of manufacturing capacity for an advanced Electrolyser Plant under the auspices of the Sustainable Hydrogen Innovation & Green Hydrogen Technologies (SIGHT) program.

9:21 AM

Broader markets :: Mid, SmallCap indices rise 0.25% each

9:20 AM

Sectoral trends :: FMCG, Realty indices in red

9:19 AM

Sensex Heatmap :: Gainers & losers neck tussle on index; IT leads, Power stocks dip

9:17 AM

Opening Bell :: Nifty index slides vs Gift Nifty's hint of gap-up start

9:16 AM

Opening Bell :: Sensex ekes out tepid gains in early deals

9:13 AM

ALERT :: Gensol Engineering & Matrix Gas consortium win PLI bid for Hydrogen Electrolyser Manufacturing

>> The company has won a bid of manufacturing capacity for an advanced Electrolyser Plant under the auspices of the Sustainable Hydrogen Innovation & Green Hydrogen Technologies (SIGHT) program.

>> The awarded project, with a manufacturing capacity of 63 MW per annum, is strategically positioned to contribute significantly to India's ambitious goal of producing 5 million metric tons of green hydrogen annually by 2030.

9:10 AM

Pre-Open Session :: Nifty tests 21,800

9:08 AM

Pre-Open Session :: Sensex rises little over 100 pts

9:02 AM

Currency check :: Rupee opens flat

9:00 AM

WATCH :: Will Sebi's new disclosure norms affect FII flows?

8:57 AM

LIC expects income tax refund of Rs 25,464 cr in Q4, says chairman

The state-owned insurer last week reported a 49 per cent jump in net profit to Rs 9,444 crore for the third quarter ended December 2023 against Rs 6,334 crore in the year-ago period. Its net premium income improved to Rs 1,17,017 crore in the third quarter of the current fiscal from Rs 1,11,788 crore in the same period a year ago. READ MORE

8:53 AM

FinMin rejects proposal to double minimum pension amount under EPS

Data sourced from the social security organisation's annual report for FY23 shows that of the total 7.55 million pensioners under the scheme, 3.64 million received a monthly pension of up to Rs 1,000, followed by 1.17 million pensioners, who received between Rs 1,001 and Rs 1,500. Around 868,000 pensioners received between Rs 1,501 and Rs 2,000 a month. Only 26,769 pensioners got above Rs 5,000 per month. READ MORE

8:50 AM

Domestic, rural consumers also driving power demand: Tata Power CEO

Not too many hydro projects are coming up because of the challenges in the setting up of these plants. To meet the surging demand, the existing coal gas hydro and the several new renewable projects that are coming up will be required to generate at full capacity. READ MORE

8:46 AM

In next 4-5 years, we aim capex of Rs 1,500 cr: Biocon's Siddharth Mittal

It has been quite good on the formulations side where we have seen good growth. We have won a contract in the US and also a couple of tenders in the emerging markets, and we continue to supply those. We also have recently secured new approvals, and we will launch these drugs in the coming quarters. Overall, the formulations business has been a good growth driver. However, we have seen weakness in our active pharmaceutical ingredients (API) business. API did de-grow compared to last year but grew compared to the second quarter. READ MORE