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

9:12 AM

ALERT :: Tejas Networks receives purchase order of Rs 7,492 cr from TCS

>> Tejas Networks Limited has executed with Tata Consultancy Services Limited, a related party of the company, the Master Contract towards supply, support and annual maintenance services for Radio Access Network equipment for BSNL's pan-India 4G/5G network. 

>> The company received a purchase order for an amount of Rs 7,492 crore (excluding GST) from TCS towards supply of 4G/5G RAN equipment for approximately 100,000 sites. 

9:09 AM

Pre-Open Session :: Nifty below 19,400

9:08 AM

Pre-Open Session :: Sensex drops 160 pts

9:05 AM

Currency Check :: Forex market shut today on account of Parsi New Year holiday

8:59 AM

India Inc's Q1 result review: Margin boost cushions slower revenue growth

India Inc's combined quarterly net profit rose 47 per cent to a record Rs 3.36 trn; net sales were up just 5 per cent. READ MORE

8:56 AM

Govt bond yields may rise after higher than expected July inflation print

Experts believe that yield on benchmark 10-year bond might remain at 7.20-7.25 per cent. READ MORE

8:45 AM

After disappointing results in Q1FY24, valuation support for LIC stock

In operational terms, annualised premium equivalent (APE) declined and value of new business (VNB) margin was flat. READ MORE

8:40 AM

WATCH VIDEO | Time to turn cautious on stocks of new-age companies?

8:35 AM

FIIs offload shares worth Rs 2,324 crore on Monday, August 14

8:24 AM

Rupee closes at 10-mth low of 82.95/$ on Monday

Intraday, it touched a low of 83.07/$

8:20 AM

India's no 2 tycoon Gautam Adani may avoid stepping on Mukesh Ambani's toes

A fresh blow arrived Saturday as Deloitte Haskins & Sells LLP, the auditor of Adani's ports unit, abruptly resigned the same week June quarter results showed record revenue and operating profit. READ

8:16 AM

Nifty Private Bank index looks weak on charts; check key buying levels

Technical charts indicate a potential support zone between 22,510 and 22,350 for the Nifty Pvt Bank index. READ

8:12 AM

SBFC Finance eyes over 50% listing gain

8:08 AM

IndiGo on the block: Promoters eye exiting nearly 4% stake

The family of IndiGo co-founder Rakesh Gangwal is likely to sell shares worth Rs 3,730 crore through a block deal on Wednesday, according to a term sheet. This is part of Gangwal’s plan to bring down his family's stake in the company.

 

The offer floor price for the deal is Rs 2,400 per share, which is a 5.8 per cent discount to the company’s last closing price of Rs 2,549 per share. The Gangwal family has put up 15.6 million shares for sale, representing approximately 4 per cent of its existing outstanding shares in the company. READ

8:04 AM

Brent off highs; holds below $85 per bbl