Sensex falls 388 pts, Nifty holds 19,350 amid weak global cues; PSBs outrun

Closing Bell on August 17, 2023: On the upside, only the Nifty PSU Bank index (up 1.5 per cent) outperformed the markets

3:47 PM

Broader indices buck trend, gain up to 0.3%; India VIX rises 1%

3:45 PM

Nifty 50 Losers:: ITC, LTIMindtree, Power Grid dip 2%

3:44 PM

Nifty 50 Gainers:: Adani Ports surges 4%; Titan jumps 2%

3:39 PM

Sensex 30 Heatmap:: 8 Gainers v/s 22 Losers

3:36 PM

CLOSING BELL:: NSE Nifty50 settles with a loss of 100 pts at 19,365

3:34 PM

CLOSING BELL:: S&P BSE benchmark sheds 388 pts, ends at 65,151

3:26 PM

Global Check:: US, UK stock futures exhibit mixed trend

Source: Investing.com

3:15 PM

India August retail inflation expected below 7%: Motilal Oswal's Gupta

Retail inflation rose as of last count as prices of vegetables and cereals skyrocketed, beating all market expectations and putting pressure on the government to bring down prices. READ MORE

3:07 PM

Divi's stock may underperform on valuations, near term growth concerns

The stock of pharma major Divi’s Laboratories is down over 5.3 per cent in trade over the last six trading sessions. Given the sales miss in the June quarter and valuations that factor in earnings upsides over the next couple of years, the stock could remain under pressure in the near term. READ MORE

2:56 PM

China's property woes: Implications of the debt crisis at Country Garden

Since the sector's debt crisis unfolded in mid-2021, companies accounting for 40% of Chinese home sales have defaulted, most of them private property developers. READ MORE

 

2:47 PM

ALERT:: Dilip Buildcon wins Rs 699 cr order; stock up 3%

Dilip Buildcon informed the stock exchanges that its joint venture company Dilip Buildcon – Vijay Kumar Mishra Construction has received letter of acceptance (LOA) for new Project  - Construction of Malhargarh Pressurized Micro lifting major irrigation project on 'Turn Key' basis, order worth Rs 699.03 crore.

2:37 PM

Airtel Payments Bank revenue grows 41% to Rs 400 cr in Q1, profit up 143%

Airtel Payments Bank on Thursday said its revenue witnessed a year-on-year growth of 41 per cent to Rs 400 crore in the first quarter ended June 30, 2023. READ MORE

2:24 PM

Morgan Stanley cuts China's 2023 economic growth forecast to 4.7%

Earlier this week, J.P.Morgan cut China's 2023 GDP growth forecast to 4.8 per cent from 5 per cent earlier, while Barclays cut it to 4.5 per cent. READ MORE

2:15 PM

ALERT :: Dabur in focus

2:08 PM

DGCA approves IndiGo's flight services to Tashkent from September 6

A senior official on Thursday said the regulator has approved operations of IndiGo to Tashkent with effect from September 6. READ MORE