Sensex ends 352 pts off day's lows, rises 38 pts; L&T, Airtel top gainers

CLOSING BELL: The recovery was led by Kotak Bank (up 4 per cent), L&T, Bharti Airtel, SBI, HDFC Bank, HDFC, and ITC

3:56 PM

Expert view: Domestic equities witnessed some profit-taking

"Following the release of the Fed minutes, domestic equities experienced profit booking amid weak sentiment from global peers. The minutes showed that even while decision-makers were concerned about the impact of aggressive actions, they were in favour of raising rates further. In the domestic market, IT and pharma were the major laggards, responding to the fall in the US stocks, while financials maintained their support."

 

- Vinod Nair, Head of Research at Geojit Financial Services

3:53 PM

SBI Life hits new high; stock up 24% in two months on growth optimism

With SBI Life's distribution channels firing on all cylinders, expanding product offerings and increasing acceptance, analysts expects robust growth to continue in FY23 and beyond. READ MORE

3:51 PM

Sona BLW Precision slips 3% after huge block deals

In early morning trades on Thursday, as of 09:30 am; a combined 126 million equity shares or 21.56 per cent of the company's total equity changed hands on the BSE (92.24 million) and NSE (33.76 million shares), the exchanges data show. According to reports, Blackstone was to offload stake in the company. READ MORE

3:49 PM

Bharti Airtel ended higher as company made advance payment for 5G spectrum payment

Airtel believes upfront payment will free up future cash flows and allow the company to dedicate resources to single-mindedly concentrate on the 5G roll out. READ MORE 

 

3:41 PM

Sectoral indices ended on mixed note; IT index slips, while Pvt Bank gains

3:39 PM

Broader indices also end with marginal gains; India VIX declines 2%

3:37 PM

Nifty 50:: Top FIVE gainers and losers on Thursday

3:35 PM

Sensex 30 Heatmap:: Kotak Bank, L&T, Airtel shine; Dr.Reddy's, IT stocks whine

3:34 PM

NSE Nifty 50 settles at 17,956, gains points

3:32 PM

Closing Bell:: S&P BSE Sensex ends 38 points higher at 60,298

3:22 PM

BSE 500:: Volume Shockers

Sona BLW Precision has witnessed unusually high volume of around 97.62 million shares so far on the BSE as against its five-day average volume of around 68,500-odd shares. Similarly, Adani Green, Infibeam Avenues, Bajaj Holdings and Jindal Stainless Hisar also witnessed a significant spike in volume on Thursday.

 

3:11 PM

Adani Ent m-cap hits Rs 3.5 trillion, Adani Power m-cap set to surpass NTPC

AEL, Adani Power, Adani Green Energy, Adani Transmission, Adani Total Gas, Adani Wilmar and Adani Ports and SEZ surged up to 4 per cent, as against 0.18 per cent decline in the S&P BSE Sensex. READ MORE

3:03 PM

Global Check:: US, UK stock futures lack direction

Source: Investing.com

2:54 PM

India's worst period of macro instability possibly over: Morgan Stanley

India's worst period of macro instability is possibly over, and both consumer inflation and trade deficit are expected to moderate albeit gradually, Morgan Stanley said. READ MORE

2:43 PM

Market Check:: Sensex on the verge of turning positive

2:37 PM

Tata Motors bags 921 electric buses contract from Bengaluru transport corp

Under the larger tender by Convergence Energy Services Limited (CESL), Tata Motors will supply, operate and maintain 12-metre electric buses for a period 12 years, as per the contract. READ MORE

2:29 PM

Market Check:: More gainers in broader market even as benchmarks languish in red

2:22 PM

SpiceJet, Credit Suisse AG resolve financial dispute, inform SC

Low cost airline SpiceJet and Swiss firm Credit Suisse AG on Thursday told the Supreme Court they have resolved their financial dispute. The apex court then permitted SpiceJet to withdraw its appeal against a Madras High Court verdict ordering that the airline be wound up on account of alleged non-payment of dues to Credit Suisse AG. READ MORE

2:14 PM

Crypto scam revenue slips 65% amid economic downturn

As the global downturn continues, the crypto scam revenue for 2022 also dropped 65 per cent at $1.6 billion this year, lower than where it was through the end of July in 2021. READ MORE

2:05 PM

BSE 500:: Top losers so far

Sona BLW Precision has shed 4 per cent and was the top loser among the BSE 500 stocks so far. It was followed by SBI Cards, Indian Energy Exchange, PB Fintech and ONGC.

1:53 PM

Asian Markets Update:: Nikkei, Hang Seng slip up to a per cent each

Source: Yahoo Finance

1:44 PM

HAL signs agreement establishing footprint in Malaysia to export weaponry

With Hindustan Aeronautics Ltd (HAL) having fielded the Tejas Mark 1A fighter in a Malaysian tender for 18 fighter lead-in trainers (FLITs), the company is preparing for what would be the first success in exporting the Indian fighter. READ MORE

1:36 PM

BSE 500:: Top gainers so far

Jindal Stainless, Jindal Stainless Hisar and Indiabulls Real Estate has soared over 7 per cent each and were top gainers among the BSE 500 stocks so far on Thursday. Infibeam Avenues and Bajaj Electricals were some of the other significant gainers, up over 5 per cent each.

1:25 PM

ALERT :: Lupin receives US FDA nod for Rufinamide tablets USP

1:17 PM

ALERT :: Maruti Suzuki launches all-new Alto K10

For more details, click here

1:07 PM

Sector check :: Edible oil stocks upbeat

12:58 PM

Zomato, 4 others zoom up to 45% in August; charts suggest more strength

Zomato Ltd (ZOMATO)

 

Likely target: Rs 80 and Rs 90

 

Upside potential: 17% to 32%

 

Having seen a major drawdown in the stock price since November 2021, the shares of the food delivery company found support near Rs 40 level. Zomato shares had lost 75 per cent from the all-time high of Rs 169 after they touched a low of Rs 40.60 in June 2022. The stock is up 45 per cent in August and technically shows an intent to reach the next significant hurdles ata Rs 80 and Rs 90. READ MORE

12:47 PM

Sector check :: Ceramic players trade mixed in a weak market

12:36 PM

Airtel hits 3-month high; up 4% in 2 days on Rs 8k-cr 5G spectrum payment

Bharti Airtel, in an exchange filing, said on Wednesday that the company has paid Rs 8,312.4 crore to the DoT towards dues for spectrum acquired in the recently concluded 5G auctions. READ MORE

12:28 PM

More steam left in Bajaj Finance stock's rally

BAF, in which Bajaj Finserv holds a little over 52 per cent stake, has continued with its digital thrust and managed to maintain customer acquisition momentum, while normalising credit costs which are down to pre-Covid-19 levels. READ MORE