IT, HDFC Bank, M&M send Sensex 202 pts down; Adani Ent gains 4%, RIL 1%

Closing Bell on August 18, 2023: The Nifty50, meanwhile, ended at 19,310, down 55 points

9:38 AM

Adani Transmission gains over 2% on acquisition plan of Megha Engineering

>> Adani Energy Solutions, formerly known as Adani Transmission, announced the acquisition of an under-development transmission project from Megha Engineering & Infrastructures for an undisclosed amount.

9:36 AM

Carborundum, IdeaForge tie-up to manufacture lighter drones

>> Carborundum Universal, engaged in manufacturing of abrasives and industrial-ceramics, has collaborated with drone maker IdeaForge Technology to jointly develop products to make drones lighter, stronger and more durable

>> IdeaForge Tech down 0.4%

9:34 AM

Maruti Suzuki India to open 57 Nexa showrooms by March 2025; stock erases losses

>>  The auto major plans to open 57 Nexa showrooms, its premium outlets, by March 2025 as the demand for its top-end vehicles continues to increase, Shashank Srivastava, senior executive officer (marketing & sales), said on Thursday. About 31.9 per cent of total sales till July this year have come from Nexa, Srivastava told Business Standard.

9:32 AM

Zydus Lifesciences, 4 others to enter Nifty Next50 Sept 29 onwards

>> Punjab National Bank (PNB), Trent, Shriram Finance, TVS Motor Company and Zydus Lifesciences to enter Nifty Next50

9:29 AM

Indus Towers to be dropped from Nifty Next50; stock down 1%

>> Five stocks – ACC, HDFC Asset Management Company, Nykaa, Indus Towers and Page Industries will be dropped from Nifty Next 50 index from September 29. 

9:27 AM

BSE SmallCap Heatmap :: Stocks defying profit booking on Friday

9:26 AM

Broader markets mixed; MidCap index flat, SmallCap outperforms

9:25 AM

Sector watch :: Pharma stocks in the pink of their health despite market weakness

9:24 AM

Sector watch :: 7 of 10 Realty index stocks slide; Mahindra Lifespace down over 1%

9:22 AM

Sector watch :: Nifty IT loses ground on Nasdaq's over 1% dip overnight

9:21 AM

Sectoral trends :: Media, Pharma indices edge higher in an otherwise weak market

9:19 AM

Sensex Heatmap :: Only 4 stocks start in the green led by NTPC, L&T

9:18 AM

Opening Bell :: Nifty breaks below 19,300

9:17 AM

Opening Bell :: Sensex drops 200 pts in early deals

9:13 AM

BREAKING :: RBI approves policy for levy of penal rates of interest

RBI said:

>> The intent of levying penal interest/charges is essentially to inculcate a sense of credit discipline and such charges are not meant to be used as a revenue enhancement tool over and above the contracted rate of interest.

>> Penalty, if charged, for non-compliance of material terms and conditions of loan contract by the borrower shall be treated as ‘penal charges’ and shall not be levied in the form of ‘penal interest’ that is added to the rate of interest charged on the advances.

>> The regulated entities shall not introduce any additional component to the rate of interest 

>> The penal charges in case of loans sanctioned to ‘individual borrowers, for purposes other than business’, shall not be higher than the penal charges applicable to nonindividual borrowers for similar non-compliance of material terms and conditions.

Read more here