Sensex sinks 617 pts, Nifty ends at 22,333; BSE SmallCap, SBI tank 2% each

Stock market highlights on March 11, 2024: Sensex, Nifty end with sharp losses; BSE smallcap index, SBI sink 2 per cent each

2:24 PM

Popular Vehicles and Services IPO: Date, price band, GMP, financials & more

The Rs 602-crore initial public offer (IPO) of Popular Vehicles and Services will hit the market on Tuesday, March 12. The issue, whose anchor booked opened today, will close on Thursday, March 14.  
 

Popular Vehicles & Services is a Kuttukaran Group company, operating multi-brand automobile dealerships in Kerala, Tamil Nadu, and Karnataka. According to its website, it was among the top six dealerships in India, in terms of sales by volume, as of March 31, 2023, with respect to passenger and commercial vehicles dealerships. Read

2:10 PM

Laggards of 2023 scripting a rebound in 2024; Will the trend continue?

Even as the Nifty 500 index had ended the calendar year 2023 with a substantial gain of 20.6 per cent, as many as 172 index constituents underperformed the underlying index, with 66 finishing the year on a negative note. A total of 15 stocks ended with losses in the range of 20 -73 per cent. Read

1:56 PM

Rupee climbs over six-month high on inflows, stronger Asian peers

The Indian rupee climbed to a more than six-month high on Monday, boosted by inflows and an uptick in its Asian peers. The rupee hit an intraday high of 82.65 against the US dollar, its highest since early-September, and was quoted at 82.6725 at 12.24 p.m. IST, up from its previous close of 82.7850. Read

1:42 PM

Zydus Life hits new peak; m-cap hits Rs 1 trn as stock up 60% in 3 months

Shares of Zydus Lifesciences hit a new high of Rs 1,015.70, surging nearly 4 per cent on the BSE in Monday's intraday trade, in an otherwise weak market, after the company said it has received the Establishment Inspection Report (EIR) report from the US drug regulator for its Ahmedabad facility. Read

1:28 PM

NBCC arm wins orders worth Rs 368 crore; stock losses unbudging

HSCC India has won orders worth Rs 368 crore. Read details

1:13 PM

Sebi's T+0 trade settlement to begin optionally by March 28: Report

SEBI's T+0 settlement plan will start on an optional basis by March 28, as per Chairperson Madhabi Puri Buch, reported CNBC-TV18. 

12:58 PM

Report: JSW Group & MG Motor India to close their JV deal on March 20

The two will unveil their India roadmap for manufacturing and sale. Total investment in MG Motor India would be around Rs 5,000 crore, reported CNBC-TV18. 

12:49 PM

IndiGo co-founder Gangwal raises $820 mn in largest block sale since 2019

A co-founder of India’s biggest airline IndiGo raised about $820 million from selling part of his holding, in the largest block equity sale in the country since 2019. Rakesh Gangwal sold 22.5 million shares of InterGlobe Aviation Ltd., the owner of Indigo, at Rs 3,015.10 per share, according to the terms of the deal seen by Bloomberg News. Read

12:32 PM

SBI shares fall nearly 2% after SC's verdict on electoral bonds details

Shares of State Bank of India were in the red after the Supreme Court dismissed the lender's extension plea on electoral bonds details. SBI share price, which began the day at Rs 791, fell by nearly 2 per cent intraday following the SC's verdict. Read

12:13 PM

This Tata Group stock has zoomed 210% in FY24; enters top 50 mcap list

A sharp rally in the stock price pushed Trent in the list of top 50 most valuable companies in terms of market capitalisation (market cap). The company's market cap crossed Rs 1.5 trillion-mark for the first time to hit Rs 1.51 trillion in the intraday trade today. Currently, with a market cap of Rs 1.48 trillion, Trent stands at 49th position in the overall ranking on the BSE listed companies, exchange data shows. READ MORE

11:54 AM

ALERT :: SC directs SBI to disclose electoral bond details by tom; share dips by 1%

11:52 AM

ALERT :: DB Realty receives LoA worth Rs 248 crore

Check details here

11:41 AM

Market Check :: Sensex off lows, still down 250 pts

11:24 AM

Smallcaps slide on fears of tighter Sebi norms; BCL, Sigachi sink up to 17%

Shares of smallcap companies were under pressure and declined up to 17 per cent on the BSE in Monday's intra-day trade amid heavy volumes on concerns of further follow-up actions from the market regulator to prevent a bubble formation in the broader market and its inevitable burst.

11:13 AM

Torrent Power surges 13% on winning 306 MW solar power project

Shares of Torrent Power hit a new high of Rs 1,288.45, rallying nearly 13 per cent on the BSE in Monday’s intraday trade, after the company was awarded a 306 MW solar project in Maharashtra. Read more

Torrent Power