Sensex up 144pts, Nifty nears 17,600 as RBI pauses hike; realty stocks jump

CLOSING BELL: Shaktikanta Das said the move was only "a pause and not a pivot"

SI Reporter New Delhi

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9:12 AM

CURRENCY CHECK: Rupee opens at 81.92/$ as against Wednesday's close of 82.02/$

9:09 AM

PRE-OPEN SESSION: Sensex trades flat below 59,650 levels

9:07 AM

PRE-OPEN SESSION: Nifty50 trades below 17,550 levels, down 40pts

9:00 AM

Stocks to Watch: Dmart, Tata Steel, HeroMoto, Nykaa, Equitas SFB, Godrej CP

Dmart: Avenue Supermarts, which operates retail chain DMart, reported 20 per cent year-on-year (YoY) growth in standalone revenue from operations to Rs 10,337 crore in the quarter ended March (Q4FY23).

Tata Steel: During Q4FY23, its consolidated steel production increased by about 3 per cent to 7.77 million tonne (MT). The company's overall steel output in the prior quarter was 7.55 MT. Total sales for Tata Steel was 7.59 MT, a decrease of 3.43 per cent from 7.86 MT during the same period in 2021–2022. READ MORE

8:54 AM

RBI should prioritise inflation over growth, say FinMin officials

The RBI has a mandate to keep retail inflation at 4 per cent within a band of 2 percentage points on either side. READ MORE

8:47 AM

WATCH VIDEO | How have discount brokerages changed the game?

8:43 AM

WATCH VIDEO | What should investors expect from Q4FY23 results?

8:38 AM

Half of top 100 cos see cut in target price over concerns of tepid earnings

Adani Green Energy, FSN E-Commerce (Nykaa), Adani Ports & SEZ and Indus Towers are among the companies that have seen the maximum cut in TPs during the first three months of calendar 2023, shows Bloomberg data. READ MORE