Sensex slips 168 pts, Nifty below 17,650; Ultratech up 4.5%, TaMo down 2.5%

The resilience of the broader markets, however, continued on the bourses with the BSE MidCap and SmallCap indices advanced 0.5 per cent and 0.75 per cent, respectively

4:06 PM

MARKET COMMENT: Vinod Nair, Head of Research at Geojit Financial Services

The latest economic figures indicate that the US central bank would continue to raise interest rates. As, according to ISM's (Institute of Supply Management) US Non-Manufacturing PMI, the services sector expanded last month at a rate that was higher than anticipated, putting pressure on global markets. Main indices followed the global trend however, mid & small caps rallied with strong outperformance.

4:00 PM

Adani Enterprises, ABFRL, Blue Dart among stocks that hit 52-week high

3:54 PM

Tata Motors, Bajaj Auto, IndusInd Bank top Nifty50 losers

3:51 PM

Shree Cement, Ultratech Cement, Adani Ports top Nifty50 gainers

3:48 PM

Broader markets outperform benchmark indices; India Vix slips in red

3:45 PM

SENSEX HEATMAP: 12 out of 30 index constituents end in positive zone

3:43 PM

Sectors swing between gains and loss; Nifty Auto down 1%

3:40 PM

CLOSING BELL: Nifty50 closes flat below 17,650 levels

3:35 PM

CLOSING BELL: Sensex closes over 150 points lower

3:25 PM

Adani to build 3 giga factories in India as part of $70 bn green investment

Gautam Adani said his ports-to-power conglomerate will build three giga factories as part of a $70 billion investment in clean energy by 2030. READ MORE

3:18 PM

Easing commodity prices, supply snags to lift auto ancillary stks: Analysts

Thus far in 2022, key raw materials used in automobile manufacturing like steel, iron ore, aluminum, nickel, and rubber have dropped in the range of 16 per cent to 45 per cent. READ MORE

3:01 PM

Volume vault to lift consumer durables sector's revenue 15-18%, says CRISIL

The consumer durables sector's revenue in India is likely to grow 15-18 per cent to Rs 1 trillion in the current financial year on back of 10-13 per cent increase in volume, CRISIL said in a release. READ MORE

2:53 PM

Global Check:: US stock futures marginally up; European down

Source: Investing.com

2:44 PM

Adani to build 3 giga factories in India as part of $70 bn green investment

Gautam Adani said his ports-to-power conglomerate will build three giga factories as part of a $70 billion investment in clean energy by 2030. READ MORE

2:34 PM

Govt asks Sebi to ease public shareholding norms for IDBI Bank: Report

The Centre has reached out to Sebi seeking a relaxation period of two years in the minimum public shareholding norms for IDBI Bank after its privatisation. READ MORE

2:26 PM

Inflation has eased to manageable level, says Finance Minister Sitharaman

Finance Minister Nirmala Sitharaman on Wednesday said the country's economic growth remains a priority for the government, as inflation has come down to a manageable level. READ MORE

2:17 PM

BSE 500:: Stocks recovering smartly from the lows of the day

Vakrangee and Container Corporation have gained over 13 per cent from their respective lows of the day so far. Similarly, EIH, Wockhardt and Vodafone Idea were some of the other significant movers from the lows of the day on Wednesday.

2:09 PM

India's overall forex reserves to shrink further this year: Deutsche Bank

India's overall foreign exchange reserves will deplete further this year due to a ballooning current account deficit and interventions by the central bank to support the rupee, Deutsche Bank said. READ MORE

2:00 PM

Oil slides to 7-month low on renewed demand fears, rate hike expectations

Brent crude futures fell $1.08, or 1.2%, to $91.75 a barrel by 0644 GMT after slipping 3% in the previous session. The contract hit a session low of $91.20, the lowest since Feb 18. READ MORE

1:52 PM

Govt asks Sebi to ease public shareholding norms for IDBI Bank: Report

Under the current Sebi norms, listed companies need to have a public shareholding of at least 25 per cent within three years of being listed in the stock market. While IDBI Bank is already listed, state-run companies are exempted from the minimum public holding rule. READ MORE

1:48 PM

BSE 500:: Top losers so far

Sunteck Realty and GMM Pfaudler have declined over 4 per cent each and were the top losers among the BSE 500 stocks so far. Followed by Brightcom Group, Esab India and Prestige Estates, down 2-3 per cent each.

1:41 PM

Market Check:: Sensex at day's high, recovers over 400 points from day's low

1:32 PM

Asian Markets Update:: Major indices languish in red

Source: Yahoo Finance

1:22 PM

This Tata Group stock has zoomed 109% against its rights issue price

Shares of Indian Hotels Company (IHCL) hit a new high of Rs 313.70 after rising nearly 3 per cent on the BSE in Wednesday’s subdued market. The upmove came on the back of improved business outlook of the company. READ MORE

1:13 PM

STOCK ALERT :: Concor sees sharp spike amid reports of LLF cut

>> According to TV reports, LLF (Land Licencing Fees) has been slashed from 6% to 1.5%

1:10 PM

BSE 500:: Top gainers so far

Vakrangee and EIH have zoomed over 11 per cent each and were the top gainers among the BSE 500 stocks so far on Wednesday. They were followed by, Vodafone Idea, Ede3lweiss Finance and Wockhardt.

1:10 PM

Elgi Equipments, JK Paper: Strategy for stocks that have doubled in 2022

Among indivdual stocks, Adani group holds the king’s throne by delivering the most thrilling and overwhelming returns, up to 3-fold in as less as six months time period. READ MORE

1:00 PM

Inox Wind to become debt-free after Rs 740-crore IPO offering: Report

The fund will be infused by two promoter group entities -- Inox Leasing & Finance which will pump in up to Rs 600 crore, and Inox Wind Energy that will infuse up to Rs 200 crore. READ MORE

12:48 PM

Lacking discipline to stay invested? Retirement funds are a good option

The retirement fund category has 25 funds with total assets under management (AUM) of Rs 16,775 crore. The largest funds in this category are from UTI, HDFC, and Nippon India. The latest entrant is Union Asset Management Company (AMC). READ MORE

12:37 PM

Sharp dip in input cost to aid Pidilite Industries' margin recovery

Pidilite Industries has been a major outperformer in the consumer basket, gaining 30 per cent over the last three months, as compared to the 13 per cent gains for the BSE Fast Moving Consumer Goods, its peer index. It is the second-highest gainer in the large cap FMCG space, with only Varun Beverages ahead of it, with a gain of 46 per cent. READ MORE