Banks, Wipro lift indices in fag-end; Sensex up 401 pts, Nifty tops 17,700

CLOSING BELL: The gains in benchmark indices were led by HDFC Life (up 6.4 per cent), Wipro, ICICI Bank, Titan, Axis Bank, SBI, Hero MotoCorp, Grasim, and Adani Ports

1:42 PM

Russian oil cuts Opec's share of Indian market to 22-year low at 59%

OPEC members mainly from the Middle East and Africa, saw their share of India's oil market slide to 59% in the fiscal year to March 2023, from about 72% in 2021-22. READ MORE

1:27 PM

Weak export mix, volume may hit Bajaj Auto Q4 revenue QoQ: Analysts

Bajaj Auto Q4 preview: Analysts estimate flat input cost assumption, and lower operating leverage will weigh on EBITDA and EBITDA margins in Q4FY23. READ MORE

1:14 PM

Asian Markets Update:: Hang Seng, Shanghai underperform; slip around 1%

Source: Yahoo Finance

12:59 PM

Ola Electric and Ather Energy's e-scooter prices to include the charger

The two companies are complying with a direction from the Department of Heavy Industries, which said failure to do so could result in the suspension of the subsidies they receive on each scooter. READ MORE

12:48 PM

Wipro gains 3% as board to consider share buyback on April 27

In past one year, Wipro has underperformed the market by falling 29 per cent as against a 6 per cent rise in the S&P BSE Sensex. READ MORE

12:33 PM

News Alert:: Maruti launches new SUV - FRONX; stock down 1%

Maruti Suzuki today announced the launch of its new SUV - FRONX from NEXA at a price starting from Rs 7.46 lakh. 

12:19 PM

RIL, ICICI Bank: Trading outlook for buzzing stocks of the day

Except for Hindustan Zinc, which hit a new historic peak in the Q4 quarter, others have remained laggard. READ MORE

12:04 PM

Earnings Alert:: Tamilnad Mercantile Bank Q4 net rises over 11%; stock up 1%

Tamilnad Mercantile Bank reported a 11.5 per cent growth in Q4 net at Rs 253.05 crore for the quarter ended March 2023 as against Rs 226.95 crore in the corresponding quarter a year ago. Total income was up 4.4 per cent YoY at Rs 1,254.01 crore.

11:53 AM

Attrition in IT firms to go back to pre-pandemic levels by October: Experts

In their Q4 results, two of the three IT majors in India, TCS, and Infosys, showed that high attrition was still a problem. READ MORE

11:39 AM

Ircon Int'l, RVNL surge up to 10%, hit 52-week high on heavy volumes

In past one month, RVNL and Ircon International have rallied 30 per cent each at the bourses, as against nearly 4 per cent rise in the Sensex. READ MORE

11:21 AM

Pharma stocks under pressure, weighed by DRL, Divi's Lab

10:59 AM

Sun Pharma's Mohali facility to pause supplies to the US; stock dips 3%

Although the overall impact could be minimal (being an OSD facility), this may lead to stricter scrutiny for other plants, said ICICI Securities in a note. READ MORE

10:46 AM

Jewellers see 40% jump in sales on Akshaya Tritiya despite high gold prices

Jewellery sales are expected to have increased by more than 40 per cent this Akshaya Tritiya, said GJC chief Sayam Mehra. READ MORE

10:39 AM

Cyient extends rally on strong Q4 results; stock zooms 52% so far in CY23

The recent stock run-up largely captures growth momentum; expensive valuation limits upside, analysts at ICICI Securities said. READ MORE

10:28 AM

Earnings boost lifts early bird results; profit up 15.2% in March quarter

The early bird results for the January-March quarter of 2022-23 (Q4FY23) show a pick-up in earnings growth, despite a slowdown in revenue growth, thanks to a decline in input costs and lower provisioning for bad loans by banks. The combined net profit of 66 companies that have, so far, declared their quarterly results was up 15.2 per cent year-on-year (YoY) in Q4FY23, an improvement from 4.3 per cent YoY growth in Q3. READ MORE