Bull run extends on D St! Sensex leaps 353 pts, Nifty nears 20,950

Closing Bell on December 6, 2023: The benchmarks on the BSE and NSE, along with the MidCap index, hit fresh lifetime highs today

2:20 PM

Gautam Adani's next milestone is plan for $1.25 billion of green arm debt

We are coming close to timelines where we would like to see a concrete and definitive plan" Abhishek Dangra, a Singapore-based infrastructure analyst at S&P Global said. READ MORE

2:09 PM

Lupin receives USFDA nod for smoking cessation drug Chantix; stock down 1%

Pharma major Lupin has received United States Food and Drug Administration (USFDA) approval for its new drug application for Varenicline Tablets, 0.5 mg and 1 mg. The company has received approval to market a generic equivalent of Chantix Tablets, 0.5 mg and 1 mg, of PF Prism CV. READ MORE

1:59 PM

ALERT:: Power Grid declared successful bidder under TBCB; stock marginally up

Power Grid Corporation of India has been declared as successful bidder under Tariff Based Competitive Bidding to establish Inter-State Transmission System Project for "Transmission Scheme for Integration of Renewable Energy Zone (Phase-II) in Koppal-II (Phase-A & B) and Gadag-II (Phase-A) in Karnataka" on Build, Own Operate and Transfer (BOOT) basis, the company said in an exchange filing.

1:48 PM

All you need to know about new DSP Nifty Smallcap250 Quality 50 Index Fund

The new fund offering has been open for subscription since December 5, 2023, and will close on December 15, 2023. The fund managers of the scheme are Anil Ghelani and Diipesh Shah. READ MORE

1:39 PM

Oberoi Realty buys 6.4-acre land in Thane for Rs 196 cr; stock trades flat

The company had entered into a Memorandum of Understanding (MoU) with NRB Bearings Limited for acquiring the lands located at Pokhran Road 2, Thane, Maharashtra, together with structures thereon. READ MORE
 

1:29 PM

ALERT:: Hero MotoCorp, Aether ink pact for interoperable recharge; stock trades in red

Hero MotoCorp in an exchange filing said that in a landmark moment for the EV industry, the company and Ather Energy have entered into a partnership for an interoperable fast-charging network in India.

1:17 PM

Bumper listings! These two SME stocks zoom 100% over issue price on debut

Amic Forgings was trading at Rs 251.35 against its issue price of Rs 126 per share, while Deepak Chemtex was quoting at Rs 159.60, against its issue price of Rs 80 per share. READ MORE

1:05 PM

Sector in focus :: Govt seeks Parl nod to spend additional Rs 13,351 cr on fertiliser subsidy, says report

12:57 PM

ALERT :: Moody's on APAC banking sector in 2024

>> Growth in Asia Pacific’s most advanced economies will stabilize at low levels after slowing in 2023

>> Growth in the region’s emerging economies, led by domestic-focused India and Indonesia, will remain resilient.

>> China's economic recovery from the pandemic is waning on muted domestic demand, weak exports and a property market correction

>> Exposure to real estate and its related sectors, such as construction, remains a key risk for banks in mainland China, Hong Kong, Korea and Vietnam.

>> Indian banks' profitability will increase further on lower provisioning expenses and robust growth in higher-yielding retail segments

>> Japanese banks could benefit from a Net Interest Margins upside; Net Interest Margins at Chinese banks will contract further 

>> Banks will remain well-funded by deposits and not rely heavily on wholesale sources

12:53 PM

ALERT :: Moody's on global banking in 2024

>> Moody’s outlook for global banks in 2024 is negative.

>> Central banks' tighter monetary policies will result in lower GDP growth.

>> Reduced liquidity, repayment capacity will squeeze loan quality, leading to greater asset risks.

>> Profitability may subside on higher funding costs, lower loan growth, reserve buildups

>> Funding, liquidity to pose challenges; capitalisation will be stable,

12:46 PM

Q&A | T+0 settlement will be a watershed moment for us, says Gurpreet Sidana of Religare

Retail investors have taken to the equity markets like never before with the demat account tally hitting the 132 million mark recently. Gurpreet Sidana chief executive officer at Religare Broking believes that the successful players going ahead may not be the ones who charge zero brokerage, or provide additional limits to their users, or provide intraday calls resulting in more turnover or trades but, the ones who create a moat or an edge for investors. READ FULL INTERVEW HERE

12:34 PM

Moth to a flame: Why are retail traders inexorably drawn to derivatives?

“I must admit, I am always a little confused and surprised as to why people continue to do that (bet on F&O) knowing that the odds are not in their favour at all,” Buch said at the launch of the Investor Risk Reduction Access platform at the Bombay Stock Exchange in Mumbai. READ MORE

12:24 PM

90% of Nifty 500 stocks trade above 200-DMA; time to be selective: Analysts

The sharp run up in the markets in the last few sessions has made analysts cautious, who now expect the markets to consolidate before resuming their journey north. Investors, they suggest, should remain selective READ MORE

12:12 PM

India's stock market value tops $4 trillion, narrowing gap with Hong Kong

India toppled China to become the worlds’ most populous nation earlier this year and has emerged as the fastest-growing major economy. Touting political stability and strong domestic growth potential, India has been making efforts to increase global investment in its capital markets as well as industrial production. READ MORE

12:02 PM

Investors' wealth rises by Rs 2.17 trn in deals as markets scale new peaks

The 30-share BSE Sensex jumped 303.25 points, or 0.44 per cent, to a new record high of 69,599.39 in the morning trade. The broader index Nifty also climbed 100.05 points, or 0.48 per cent to hit its fresh lifetime high of 20,955.15. READ MORE