Sensex sheds 802 pts, Nifty near 21,500; Bajaj Fin drops 5%,TaMo rises 3%

Stock market highlights on Tuesday, January 30: In the broader markets, the BSE SmallCap index clutched on to its gains as it ended 0.11 per cent higher

1:58 PM

NTPC arm, Maharashtra govt ink pact to develop green hydrogen projects

"NGEL has signed an MoU with Government of Maharashtra for development of green hydrogen and derivatives (green ammonia, green methanol) of up to 1 million tonne capacity per annum, including pump hydro projects of 2 GW and development of RE projects with or without storage up to 5 GW in the state," it said. READ MORE

1:45 PM

After 7 yrs, TaMo pips Maruti Suzuki to become most valuable auto company

The outperformance of Tata Motors to markets is on the back of healthy volumes in its UK-based subsidiary Jaguar Land Rover (JLR). This, coupled with gradual recovery in the global passenger vehicle demand, improving profitability due to product mix and lower commodity costs, are expected to be key positives for the company, according to analysts. READ MORE

1:27 PM

Suzlon bags 642 MW project from ACPL to set wind turbines in Andhra

JP Chalasani, Chief Executive Officer, Suzlon Group, said in the statement, We are happy to announce our first order with Evren." A project of this size can provide electricity to around 5.28 lakh households and curb about 20.87 lakh tonnes of CO2 emissions every year. READ MORE

1:13 PM

Q3 result :: Bajaj Finserv posts PAT of Rs 2,158 crore

>> NII at Rs 9,145 crore vs Rs 7,189 crore YoY

12:59 PM

Bank of Baroda to report Q3FY24 results on Jan 31; Here's what to expect

Public sector lender BoB, which is scheduled to report its October-to-December (Q3) results for financial year 2023-24 (FY24) on Wednesday, January 31, may clock subuded profitability on a quarterly basis owing to weak revenue growth. READ MORE

12:44 PM

ALERT :: ZEE clarifies on report of legal spat with Disney

>> We would like to clarify that the company is not aware of, and cannot comment on, Star India Private Limited’s intentions or next steps with respect to the strategic license agreement entered between the Company and Disney Star.

>> It appears that the captioned news item mentions Disney Star’s internal discussions/ plans, which the company cannot remark on.
 

12:30 PM

Vedant Fashions hits 18-month low, slips 7% on weak outlook

Vedant Fashions, which made its stock market debut on February 16, 2022, issuing shares at Rs 866 a piece, is primarily engaged in manufacturing and trading of readymade garments being men's ethnic wear such as sherwanis indo-western kurtas suits etc. and women's ethnic wear such as lehanga saree suit kurti etc, and related accessories. The company markets its products under the brand name of 'Manyavar', 'Mohey', 'Mebaz', 'Twamev', and 'Manthan'. The Manyavar brand is a category leader in the branded Indian wedding and celebration wear market with a pan-India presence. READ MORE

12:16 PM

Q3 result :: KPIT Tech posts PAT of Rs 155 crore vs Rs 140 crore QoQ

11:58 AM

Azad Engg zooms 25% in 2 days on signing 7-year contract with Rolls-Royce

At 11:03 AM, AEL was trading 17.6 per cent higher at Rs 837.20 as compared to 0.29 per cent decline in the S&P BSE Sensex. Average trading volumes on the counter more-than-doubled with a combined 3.9 million equity shares, representing 6.7 per cent of total equity of Azad Engineering, changing hands on the NSE and BSE till the time of writing of this report. READ MORE

11:45 AM

BLS E-Services IPO sails through on Day 1: Here's all you need to know

As per the draft prospectus filed by BLS E Services the objective of the IPO is for strengthening the technology infrastructure to develop new capabilities and consolidating the existing platforms. READ MORE

11:31 AM

Market Check :: Metal, Media indices hold gains in weak market

11:15 AM

Over 80% of Sensex, Nifty50 stocks trade above their 200-DMA

Nearly 83 per cent of the stocks that comprise the S&P BSE Sensex (25 out of 30) and 86 per cent of those that comprise the Nifty50 index (43 out of 50) are currently trading above their respective 200-day moving average (DMA), shows data. Read

11:03 AM

ITC extends fall, slips 5% in 3 days as Q3 results miss Street estimates

Shares of ITC slipped 2 per cent to Rs 441.70 on the BSE in Tuesday's intraday trade after the fast moving consumer goods' (FMCG) company reported 3.2 per cent year-on-year (Y-o-Y) decline in earnings before interest, taxes, depreciation, and amortisation (Ebitda) at Rs 6,024 crore for the December quarter (Q3FY24). Read

10:44 AM

Bajaj Finance slides 5% as mgt flags rural, B2C stress post Q3 results

Despite an in-line December quarter, investors booked profit in shares of Bajaj Finance as the management turned cautious on B2C (business-to-consumer) and rural segment post the December quarter (Q3) results of financial year 2023-24 (FY24). Read

10:30 AM

EPACK Durable lists at 4% discount to issue price on NSE

EPACK Durable made a weak stock market debut, with shares of the company listed at Rs 221, a 4 per cent discount when compared with its issue price of Rs 230 per share on the National Stock Exchange (NSE) on Tuesday. Read