Sensex rebounds 507 pts from lows, ends 138 pts up; auto, IT stocks gain

Closing Bell on August 16, 2023: The shares of SBFC Finance, which debuted on Wednesday at a premium of 44 per cent, settled at Rs 92.2 per share, up nearly 62 per cent over issue price

2:04 PM

ALERT :: China asks fund managers to avoid net equity selling, reports Bloomberg

1:56 PM

ALERT: US banking sector downgrade not suprising: StanChart

>> Downgrade from ratings agency for US banking sector not a surprise

 

>> FIIs putting money into Indian Equities with a long-term prespective

 

Source: CNBC-TV18

 

1:45 PM

Hindustan Oil Exploration sinks 19% as Q1 profit plunges 80% QoQ

Separately, the government has hiked windfall tax on crude petroleum to Rs 7,100 per tonne with effect from August 15, up from Rs 4,250 per tonne. READ MORE

1:33 PM

Sensex Heatmap:: Infosys jumps nearly 2%; UltraTech, NTPC gain over 1%

1:22 PM

Market Check:: Sensex rebounds, up nearly 400 pts from day's low

1:13 PM

Asian Market Update:: Nikkei, Hang Seng slip around 1.5%

Source: Yahoo Finance

1:02 PM

Garden Reach Shipbuilders rallies 33% in 2 days post June quarter results

The BSE has sought clarification from Garden Reach Shipbuilders & Engineers Ltd with reference to movement in volume. READ MORE

12:54 PM

UK inflation cools as expected in July but services surprise to upside

Despite the drop, Britain retains one of the highest rates of price growth in Western Europe, with only Iceland and Austria suffering higher inflation in July. READ MORE

12:46 PM

Defence stocks pricing-in all positives, offer limited upside, say analysts

The rally, which has been accompanied by high valuations, could stagnate in the near term as companies may not meet investors' expectations of sustained performance every quarter, analysts said. READ MORE

12:35 PM

Cipla, Glenmark: Time to accumulate pharma stocks on robust bullish trend?

The current volatility in the benchmark indices offer the ideal opportunity to accumulate pharma stocks around their respective supports. READ MORE

12:21 PM

IRFC m-cap zooms past Shriram Finance, IDBI Bank; stock up 62% in 1 month

Currently, Indian Railway Finance with Rs 68,086 crore m-cap stood at 86th position in overall ranking, ahead of Shriram Finance (Rs 67,613 crore) and IDBI Bank (Rs 67,310 crore), the BSE data shows. READ MORE

12:10 PM

ITC rises 2% in a weak market as brokerages give thumbs up to Q1 results

CLSA | Outperform
Since agriculture and paper-board business segments saw a weak Q1, analysts believe that strong performance from cigarette and other FMCG segments made up for their challenges. That apart, hotels demerger is expected to sharpen capital allocation and improve return ratios. Overall return ratios are expected to improve by 200-250 basis points (bps) from the demerger, they said. READ MORE

11:59 AM

India's fuel sales slow down due to monsoon rains, shows prelim data

State retailers sold 1.19 million metric tons of gasoline in the first half of August, down 5.2 per cent from the same period in July and by 8 per cent from a year earlier, the data showed. Gasoline, also called petrol, is primarily used in passenger vehicles. READ MORE

11:49 AM

Apar Industries hits record high on healthy outlook; up 200% from Jan low

The stock price of Apar Industries has zoomed 205 per cent from its January 2023 low of Rs 1,357.50 on the BSE. Thus far in the current calendar year 2023, it soared 135 per cent, as compared to 6.7 per cent rise in the benchmark index. READ MORE

11:38 AM

ALERT :: Royal Orchid launches new property in Shimla

>> Royal Orchid and Regenta Hotels has launched a new property in Shimla, Shogi, called the ‘Regenta Resort MARS Valley View Shoghi’