Sensex, Nifty end flat after listless day; ITC, TCS up 2%; realty stks dip

CLOSING BELL: The broader indices ended marginally in red, with Midcap index declining 0.4 per cent, and the Smallcap index down 0.3 per cent.

3:33 PM

CLOSING BELL :: Sensex recovers in fag-end, ends in green for second day

3:20 PM

Global Check:: US, UK stock futures remain directionless

Source: Investing.com

3:08 PM

Ramky Infrastructure hits over 12-year high; stock zooms 48% in 2 months

On March 31, 2023, Ramky Infra announced that Srinagar Banihal Expressway Limited (SBEL), a subsidiary of the company, has reached a debt settlement agreement with lenders. READ MORE

2:56 PM

Export, demand slowdown may hurt Schaeffler India's near-term prospects

Shares of Schaeffler India, the country’s largest listed ball bearings maker, were down about 9 per cent over the last three trading sessions on a weak March quarter performance, downward revision of earnings and lack of valuation comfort. While brokerages are positive on the company’s medium-term prospects, in the near term there could be pressure both on exports as well as domestic auto segments. READ MORE

2:46 PM

Tech M sheds 9% in 5 days on JP Morgan, Citi downgrades; target price cuts

Tech Mahindra's stock fell 2.6 per to its day's low of Rs 994.55 on Friday after JP Morgan downgraded the stock to 'underweight' from 'neutral', slashing its target price by 10 per cent to Rs 900. READ MORE

2:36 PM

Earnings Alert:: Aditya Birla Money Q4 net down 3%; stock slips 2%

Aditya Birla Money net profit declined 3.3 per cent to Rs 7.37 crore in Q4Fy23 as against Rs 7.62 crore in Q4FY22. Total income, however, rose 14.4 per cent to Rs 70.20 corre.

2:24 PM

When inflation gets closer to 4%, focus can shift to growth: Jayanth Varma

Jayanth Varma, member of the RBI’s monetary policy committee, explains why the rate-setting committee needs to wait and watch for now in an interview with Manojit Saha. READ EXERPTS

2:14 PM

Earnings Alert:: RajRatan Global Q4 net dips 9%; stock dips over 4%

RajRatan Global Wire reported a 8.7 per cent dip in Q4 net to Rs 17.39 crore for the quarter ended March 2023 as against Rs 19.04 crore in the corresponding quarter a year ago. Total income, however, was up 11.5 per cent YoY at Rs 161.55 crore.

2:02 PM

Market Check:: Realty stocks slide on profit-taking; Nifty Realty down 2%

1:49 PM

Investors should stagger entry into medium-to long-duration debt funds

The Reserve Bank of India (RBI) halted its rate hike cycle in its April monetary policy review, prompting investors to anticipate a downward turn in interest rates. According to data on interest-rate swaps, it appears that interest rates may begin to decline in the early part of next year. The International Monetary Fund (IMF) has also weighed in, stating that the recent surge in real interest rates is likely to be transitory. READ MORE

1:38 PM

Market Check:: Nifty Metal index sheds 1.7%; SAIL, NMDC lead fall

1:27 PM

News Alert:: Bank of Baroda board okays rasing up to $1 bn via Foreign Currency Fund

1:17 PM

ITC surpasses HDFC's m-cap to become 7th most valued listed company

Thus far in calendar year 2023 (CY23), ITC has surged 22%, as compared to 3% decline in the S&P BSE Sensex, and 2.4% rise in HDFC Ltd. READ MORE

1:06 PM

With $100 bn in 2022, India biggest recipient of money from overseas

Highly-skilled Indian migrants from the US, UK and Australia were sending more money home, helped by job support programs during Covid-19 restrictions. READ MORE

12:52 PM

RIL may be a greater threat to D2C FMCG brands, says Kantar report

Reliance, which is now active in a variety of fast-moving consumer goods businesses, might pose a challenge to these smaller online-only firms, the report said. READ MORE