Nifty Smallcap ( %)

Nifty Bank ( %)

Sensex ends 454 pts lower, Nifty holds 22K; Auto, IT, Power shares weigh

Market wrap on March 15, 2024: Mahindra & Mahindra was the major loser among auto stocks, down 5%; Among others shares of oil marketing companies declined up to 6 per cent post fuel price cut.

SI Reporter New Delhi

2:14 PM

Domestic air traffic rises 4.8% to 12.64 mn in Feb, 155K faced delays

Domestic air traffic rose 4.8 per cent on an annual basis to 12.64 million in February, while more than 155,000 passengers were affected by flight delays during the same period, according to official data released on Friday. Read

2:00 PM

PF: Think beyond 80C: Last-minute tax-saving hacks for you

With March 31st looming large, are you feeling a little stressed about maximizing your tax savings? But fret no more, because Business Standard has some last-minute tax-saving tips before the clock strikes twelve (tax-time, that is). Read

1:49 PM

This recently listed stock hit record high today; stock zooms 24% in 2 days

Shares of recently listed R K Swamy sprinted 15.4 per cent to Rs 286.95 apiece, also its fresh record high, on the BSE in Friday's intraday trade amid heavy volume. At 12:55 PM, the shares were quoting 10 per cent higher at Rs 274 per share as against 0.7 per cent (508 points) decline in the benchmark S&P BSE Sensex. Read

1:30 PM

Bharti Airtel hits all-time high in weak market; zooms 63% thus far in FY24

Shares of Bharti Airtel hit a record high of Rs 1,218.65, up 2 per cent on the BSE in Friday's intra-day trade in an otherwise weak market on expectations of strong operational performance. The stock of telecom services provider surpassed its previous high of Rs 1,218.20 touched on March 11. Meanwhile, the S&P BSE Sensex was down 0.75 per cent at 72,547 at 12:35 pm. Read

Between 2012 and 2017, Bharti Airtel bought BWA spectrum from Qualcomm, Aircel and Tikona Digital who were the second players in different circles.

1:16 PM

What is Sebi stress test and why Quant MF will take 22 days for 50% small-cap liquidation

Imagine you invest in a piggy bank called "Small Cap Fund", which holds a bunch of coins(representing small companies). Now, market regulator Sebi wants to ensure this piggy bank is healthy. So, they conducted a stress test. Imagine shaking the piggy bank hard to see if any coins (investments) fall out easily. Read

1:03 PM

SC orders SBI to disclose electoral bond numbers to Election Commission

The Supreme Court (SC) on Friday ordered the State Bank of India (SBI) to disclose crucial data related to political donations to the Election Commission of India (ECI) by 5 PM on Saturday, March 16. Read

12:49 PM

Paytm gets 5 handles to continue UPI transactions, existing one to continue

Fintech firm One97 Communications, owner of the Paytm brand, has got five handles in partnership with four banks to continue UPI transactions, as per an update on the NPCI website.

The company's existing handle @paytm is among the five handles that users can continue using without the need to make any changes at their end. Read

12:37 PM

L&T Technology Services bags $100 mn deal for Maharashtra cybersecurity

L&T Technology Services (LTTS), the engineering and technology services arm of Larsen & Toubro (L&T), has won a “first-of-its-kind” programme in India worth around $100 million (Rs 800 crore) from the Maharashtra State Cyber Department.

“This initiative extends LTTS’ commitment to developing secure, digitally interconnected smart and safe cities through premier cyber security and digital forensic solutions consolidated under one umbrella,” said the company in a statement. Read more

12:30 PM

IIFL Finance hits lowest level since Oct' 22; stock tanks 42% in 2 weeks

Shares of IIFL Finance hit a 17-month low of Rs 360 as they slipped 3 per cent on the BSE in Friday's intraday trade after Fitch Ratings Singapore Pte Ltd (Fitch). and Brickwork Ratings India Private Limited (Brickwork) revised their ratings for the company.

On Tuesday, March 13, rating agencies CRISIL Ratings, Care Ratings, and Icra revised their ratings on IIFL Finance and IIFL Home Finance. Read more

IIFL Finance | Photo: Facebook

12:30 PM

ALERT :: ECI to announce Lok Sabha poll dates on Saturday, March 16

12:13 PM

Analysts favour defensive bets as hedge against equity market downturn

The recent market downturn led by broader indices is making analysts favour defensive sectors on bets that the current volatility will continue in the near term.

Defensive stocks are those that tend to hold up better than the overall market during periods of volatility or economic weakness. Read more

Earnings growth no match for rally in CPSU stocks

ILLUSTRATION: AJAY MOHANTY

12:07 PM

Nifty50's top gainers and losers

11:49 AM

BPCL, HPCL, IOC shed up to 8% on petrol, diesel price cut, margin worries

Investors shunned shares of oil marketing companies (OMCs) on Friday as they feared that the government's decision to cut retail prices of petrol and diesel could hurt the companies' profit margins in the near-term.

On Thursday, the government announced that OMCs will reduce pump prices of petrol and diesel after a record 22 months, making them cheaper by Rs 2 per litre in the national capital. The changes, it said, will be effective Friday onwards. Read more