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.

9:24 AM

Buzzing :: OMCs fall on double whammy of price cut, brent crude surge

>> The Centre has reduced prices of petrol and diesel by Rs 2 per litre, effective from March 15, 6 AM.

>> The move comes at a time when Brent crude oil is hovering above $85 per barrel.

 

9:22 AM

Sectoral trends :: Realty, PSBs buck the weak market trend

9:21 AM

Sensex Heatmap :: IT stocks weigh; Power Grid, TaMo up

9:19 AM

Opening Bell :: Nifty drops below 22,100

9:18 AM

Opening Bell :: Sensex slips 169 ps in early deals

9:09 AM

Pre-Open: Nifty below 22,100

9:08 AM

Pre-Open: Sensex off to a lower start

9:04 AM

Currency Alert: Rupee depreciates 11 paise to open at 82.93/$

8:58 AM

Zee fund diversion case: Chandra suppressed material facts, Sebi tells SAT

The Securities and Exchange Board of India (Sebi) told the Securities and Appellate Tribunal (SAT) on Thursday that Essel Group Chairman Subhash Chandra suppressed material facts in the alleged fund diversion case involving Zee Entertainment Enterprises. Read

8:54 AM

Vedanta's demerger plan may face hurdles from shareholders, creditors

Vedanta's plan to demerge its businesses into separate entities could face hurdles from its minority shareholders and creditors, according to a report.
 

On September 29, the mining conglomerate announced plans to demerge five of its key businesses, including aluminium, oil and gas, and steel, into separate listed entities. Read

8:49 AM

Eris buys India formulation biz of Biocon Biologics for Rs 1,242 crore

Eris Lifesciences, a chronic therapy-focused drug firm, has acquired the India-branded formulation business of Biocon Biologics, a subsidiary of Biocon, for Rs 1,242 crore. This includes portfolios in insulin, oncology, and critical care. Read

8:44 AM

Stocks to Watch, March 15: BPCL, IOC, IIFL Finance, Paytm, YES Bank, Biocon

Oil marketing companies: The Centre has reduced prices of petrol and diesel by Rs 2 per litre, effective from March 15, 6 AM. The move comes at a time when Brent crude oil is hovering above $85 per barrel.

Shalby: The multi-speciality hospital has entered into Term Loan Agreement, amounting to Rs 100 crore, with Bajaj Finance Limited for acquisition of 100 per cent stake in Healers Hospital, and other general corporate purpose.

Chief Financial Officer (CFO) resignation: CFOs of Biocon (Indranil Sen), and Mold-tek Technologies (Satya Kishore Nadikatla) have resigned. Read

8:39 AM

Gold price climbs Rs 10 to Rs 66,120, silver rises Rs 100 to Rs 77,100

The price of 24-carat gold climbed Rs 10 in early trade on Friday, with ten grams of the yellow metal trading at Rs 66,120, according to the GoodReturns website. The price of silver rose Rs 100, with one kilogram of the precious metal selling at Rs 77,100. Read

8:35 AM

Paytm gets nod to continue UPI via State Bank of India, three others

The National Payments Corporation of India (NPCI) on Thursday allowed One97 Communications (OCL), which operates brand Paytm, to function as a third party application provider (TPAP) on Unified Payments Interface (UPI). Read

8:26 AM

Near-term weakness likely for Nifty Pharma, Energy: Check trading strategy

Technical indicators such as RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) are both displaying a downtrend on charts for Nifty Pharma. Read