Sensex ends atop 74,000, Nifty 22,450 for 1st time; Smallcap index down 2%

Stock market highlights on March 6, 2024: The BSE benchmark hit a record high of 74,151, while the Nifty50 claimed 22,497 intraday

2:07 PM

This stock zoomed 164% in 2 months on plans of stock split; up 816% in FY24

Waaree Renewable Technologies has fixed March 16 as the record date for its proposed 1:5 stock split. READ MORE

1:54 PM

Market check:: Sensex rebounds, up 100 pts near day's high

1:48 PM

Indiabulls Real Estate dips 13% on MIDC order to vacate land in Nashik

The realty firm believes that the said order to be unlawful and was evaluating legal options to defend itself, including filing of an appeal in Court. READ MORE

1:37 PM

Asian Market Update:: Hang Seng rallies 1.8% in mixed trade

Source: Yahoo Finance

1:16 PM

Fairfax India agrees to give IIFL Finance up to $200 mn liquidity support

IIFL Finance said on Wednesday stakeholder Fairfax India Holdings Corporation has agreed to give it liquidity support after the Reserve Bank of India (RBI) barred the non-banking financial company from giving gold loans. READ MORE

1:01 PM

Tata Chem soars 15% in 5 days, nears 52-wk high as Fitch revises outlook

Shares of Tata Chemicals (TCL) moved higher by 2 per cent to Rs 1,085, bouncing back nearly 4 per cent from its low of Rs 1,047.10, on the BSE in Wednesday's intraday trade amid heavy volumes in an otherwise a weak market. It was trading close to its 52-week high of Rs 1,140.95 touched on January 5, 2024. Read

12:47 PM

Godrej Properties buys plots with Rs 20K cr revenue potential this fiscal

To expand business amid strong housing demand, realty firm Godrej Properties Ltd has acquired multiple land parcels so far this fiscal that have the potential to generate revenue of around Rs 20,000 crore. Read

12:30 PM

SBI, BoI, IOB: 5 PSU bank stocks that look good on the technical charts

Shares of PSU Banks continue to hog the limelight on the bourses with sheer outperformance compared to the benchmark index. The NSE PSU Bank index has rallied over 28 per cent so far this calendar year as against a mere 2.8 per cent gain on the benchmark Nifty 50 index. Read

12:17 PM

Banks must give customers choice to select credit card network: RBI

The Reserve Bank of India (RBI) on Wednesday asked banks and non-banking financial companies (NBFCs) to give customers the option to choose from multiple networks when they issue credit cards.
 

The regulator’s directive will be effective from September 6, six months later. Existing cardholders may be given the option at the time of their next renewal, the RBI said in a communication to banks, NBFCs, and payment system providers. Read

12:05 PM

Should you subscribe to Gopal Snacks IPO? Here's what analysts say

FMCG firm, Gopal Snacks initial public offering (IPO) has opened for subscription today and the window to subscribe will close on March 11. The company has garnered Rs 194 crores from anchor investors, the company notified the bourses on Tuesday. The company offers ethnic snacks, western snacks and other products in 10 States and 2 Union Territories. Read

11:50 AM

Report: Govt steps up outreach to foreign investors for CPSEs

As per CNBC-TV18, the Govt has stepped up outreach to foreign investors and started roadshows to pitch CPSEs. It has asked CPSEs to undertake roadshows get investor feedback. 

11:39 AM

ALERT: Fairfax India to give up to $200 million liquidity support to IIFL Finance

RBI's embargo has raised liquidity concerns amongst the co’s investors and lenders, it said. Read

11:28 AM

BSE SmallCap sinks 2%, MidCaps bleed too: IIFL Finance, MGL slump up to 20%

IIFL Finance, JM Financial, Mahanagar Gas, Indiabulls Real Estate, Bodal Chemicals, Mangalam Cement, Mannapuram Finance, NCL Industries, PNB Gilts and Capri Global Capital from the Smallcap index slipped over 5 per cent. READ MORE

11:15 AM

ALERT :: Ajmera Realty inks Rs 500 crore of structured deal for Ajmera Manhattan

>> Ajmera Realty & Infra India Ltd has secured credit facilities totaling Rs 500 crore from two leading financial institutions: Standard Chartered Bank and ICICI Bank.

>> These funds will be utilised for the execution of Ajmera Manhattan.

>> Additionally, a portion of the funds amounting to Rs 200 crore has been utilised towards the partial prepayment of the GCP loan availed from HDFC Bank.
 

10:57 AM

ALERT :: JKumar Infraprojects wins order worth Rs 912 crore

>> J. Kumar Infraprojects Limited is in receipt of LOA in the capacity of sole bidder, from CIDCO Limited for the work of 'Design and Construction of Coastal Road from CH 2900 to CH 5800 (MTHL Junction) at Ulwe, Navi Mumbai' for the total contract cost amounting to Rs 912.2 crore