Sensex falls 260 pts, Nifty nears 18,650; Adani Ent crashes 7%, RIL, SBI 1%

Closing Bell on June 23, 2023: Among sectors, the Nifty Metal index fell 2.5 per cent, followed by the Nifty Media index (2.13 per cent), the Nifty IT index (0.89 per cent)

3:41 PM

Broader indices slip over 1% as against 0.6% decline on the Nifty 50; India VIX down 2.7%

3:40 PM

Nifty 50 Losers:: Adani Enterprises tanks 7%; Adani Ports, BPCL, Hindalco topple up to 4%

3:38 PM

Nifty 50 Gainers:: IndusInd Bank, Dr.Reddy's. Asain Paints jump up to 3%

3:37 PM

Sensex 30 Heatmap:: 8 Gainers v/s 22 Losers

3:35 PM

CLOSING BELL:: NSE Nifty50 finishes with a loss of 106 points at 18,665

3:33 PM

CLOSING BELL:: S&P BSE benchmark extends losses, ends 260 pts lower at 62,979

3:29 PM

Why General Electric's plan to make jet engines in India is big deal

The GE engine in question is called the F414 and it has been used by U.S. Navy aircraft for more than 30 years.

 

The F414 powers or is on order to power jets in the U.S., Sweden, Australia, Kuwait, Brazil, South Korea, India and Indonesia. READ MORE

3:23 PM

Not aware of any subpoena from US regulators to investors: Adani Group

According to the report, the US Attorney's Office in Brooklyn, New York, has sent inquiries in recent months to institutional investors with large holdings in the conglomerate. The requests for information were focused on what Adani Group told those investors. READ MORE

3:10 PM

Global Check:: US, UK stock futures notably in red

Source: Investing.com

2:58 PM

Tycoon Shapoor Mistry's firm set to sell India's biggest low-rated bond

The offering comes at a time when investors are turning bullish on India's credit market as a strong economy and improved corporate balance sheets have alleviated concerns. READ MORE

2:50 PM

ALERT:: Dr. Reddy’s enters the trade generics business in India; stock up 2%

Dr. Reddy's Laboratories today announced its entry into the trade generics business in India with the launch of its new dedicated division 'RGenX'. Through this, Dr. Reddy's aims to provide patients with access to a wider range of products and increased affordability. The new business will further the company's goal of reaching over 1.5 billion patients by 2030., the company said in a release.

2:38 PM

Aurobindo Pharma arm signs pact with Medicines Patent Pool to develop drug

The product will be produced at the Eugia Pharma Specialities Ltd. Unit-I, Medchal, in Telangana, the company said adding it has adequate capacities to meet the global demand. READ MORE

2:27 PM

ICICI Securities surges 7% to hit 7-month high on strong growth prospects

Analysts anticipate the broking revenue to remain stable in FY24, while expect strong growth in the distribution business and in interest income, led by strong growth in the MTF book. READ MORE

2:17 PM

Reliance Jio in talks to raise about $1.6 billion for equipment from Nokia

Banks involved in the discussions with billionaire Mukesh Ambani's telecoms company include Citigroup Inc., HSBC Holdings Plc. and JPMorgan Chase & Co., said the people. READ MORE

2:06 PM

Egypt to offer exclusive industrial cluster to India in Suez Canal EZ

The chairman of the SCZONE said the SCEZ is a strategic location for India to reach out to markets in Europe, Africa, and the Middle East. READ MORE