Sensex, Nifty end flat after listless trade; auto stocks rally, banks fall

CLOSING BELL: Reliance Industries, Wipro, IndusInd Bank, Axis Bank, Tech M, Tata Steel, Maruti Suzuki, and M&M were the top Sensex gainers, rising between 0.5 per cent and 1.2 per cent

4:14 PM

COMMENT:: Lack of fundamental triggers may limit the upside

"After clocking record highs in the previous session, domestic indices traded with volatility amidst mixed global cues and rising crude prices. While FIIs turning net buyers is a positive, the lack of fundamental triggers will limit the upside, keeping the market volatile in the short term. Rising COVID restrictions in China continue to negatively impact the global growth forecast."

 

- Vinod Nair, Head of Research at Geojit Financial Services

 

4:08 PM

PNB hits 21-month high on govt's nod to divest stake in UTI AMC

PNB received the government's approval to divest its entire stake in UTI Asset Management Company (AMC) as part of its non-core asset sale plan and shore up its capital base. READ MORE

4:06 PM

ITDC freezes at the 20% upper circuit post valuation of 'The Ashok' hotel

Shares of India Tourism Development Corporation (ITDC) were locked in the 20 per cent upper circuit at Rs 404.60 on Friday after the government fixed an indicative value for Delhi's 'The Ashok' hotel at Rs 7,409 crore under the national monetisation programme. READ MORE

4:04 PM

GE Shipping hits new high on healthy outlook; zooms 126% thus far in 2022

In the past one month, the stock price of GE Shipping has soared 26% after the company reported an over three-fold jump in its consolidated net profit at Rs 731 crore in Q2FY23. READ MORE

4:03 PM

Bikaji Foods m-cap crosses Rs 10,000 crore; stock up 36% from issue price

Shares of Bikaji Foods International continued their upward movement and hit a new high of Rs 410 today. The stock of packaged foods company quoted higher for the fourth straight day as it soared 31 per cent, during the period. READ MORE

4:01 PM

Nureca hits 20-month low, tanks 74% so far in 2022

Shares of Nureca, a digital healthcare and wellness solutions provider, continued to reel under pressure and hit a 20-month low of Rs 562.50 in Friday’s trade. The stock was seen trading closer to its all-time low of Rs 559.25, touched on March 19, 2021. READ MORE

3:50 PM

Rupee ends nearly unmoved at 81.6862 versus $

Source: Bloomberg

3:48 PM

Market breadth extremely positive; 143 stocks hit new 52-week high on BSE

3:46 PM

Nifty Realty spurts over 1%; Indiabulls RealEstate, Oberoi Realty lead

3:44 PM

Nifty Media vaults 2.5%; Dish TV, Network 18, TV18 Broadcast soar

3:42 PM

Broader markets outrun Nifty 50; India VIX down 1%

3:40 PM

Nifty 50 Losers:: ICICI Bank, Nestle among notable losers

3:39 PM

Nifty 50 Gainers:: HDFC Life and Tata Motors were the major movers

3:37 PM

Sensex 30 Heatmap:: 14 Gainers versus 16 Losers

3:35 PM

NSE Nifty50 adds 29 points to 18,513

3:33 PM

Closing Bell:: Sensex ends flat at 62,294, up 21 points

3:29 PM

BREAKING NEWS :: China cuts RRR by 25 bps

3:20 PM

Global Check:: US, UK stock futures exhibit listless trade

Source: Investing.com

3:10 PM

ALERT :: Jaguar Land Rover to cut production in UK till March, reports The Guardian

>> The decison comes as it continues to face chip shortage issue.

3:01 PM

The Ashok hotel valued at Rs 7,409 crore; ITDC freezes in 20% upper circuit

The Ashok and the adjacent hotel Samrat are among the eight IDTC assets listed under the National Monetisation Pipeline (NMP) announced by Finance Minister Nirmala Sitharaman last year. READ MORE

2:50 PM

ALERT :: Adani Enterprises approves fund raise via FPO worth Rs 20,000 crore

2:45 PM

MARKET CHECK :: Benchmarks listless today; analysts say pace of rally to slowdown

2:34 PM

Want to build a global news brand; NDTV takeover a 'responsibility': Adani

According to Adani, the scale and size of his conglomerate would mean a "negligible" cost for creating an international media group. Adani is the world's third-richest person, with a net worth of $128 billion. READ MORE

2:24 PM

Clipped wings: Post-Covid pandemic recovery in air travel stalls

Many brokerages, however, are betting on a rise in passenger traffic to fuel an improvement in airlines finances in the second half of FY23 READ MORE

2:12 PM

Global funds may invest $25 bn a year in Indian infra, says Ambit Capital

Mody cited investment infrastructure trusts, known as InvITs, as a type of vehicle that has attracted global funds. Initiated by the government several years ago, InVITs offer tax incentives and concessions as well as a governance and capital structure that is robust, and restricts leverage, he said. READ MORE

2:01 PM

What's behind the fall in India's FDI inflows?

During the first half of this fiscal, foreign direct investment equity inflows fell by 14%. The total FDI also saw a contraction of 9%. What led to this fall and what could be its impact on economy? HEAR AUDIO

1:51 PM

India considers selling small stakes in its mammoth coal, zinc miners

The government is looking to sell 5%-10% in Coal India Ltd, Hindustan Zinc Ltd, Rashtriya Chemicals and Fertilizers Ltd via the so-called offer-for-sale mechanism. READ MORE

1:42 PM

IT sector hiring down 43% in Oct; recovery likely in Jan-March: Study

Uncertainty about the global economy and the Ukraine war dragged down hiring in the information technology (IT) and business process management (BPM) sectors by 43 per cent in October compared to the average in January to September 2022, said a report on Friday. READ MORE

1:33 PM

Global Check:: Asian shares marginally in red

Source: Yahoo Finance

1:24 PM

Nifty Smallcap 100 up 1%; PVR, Bajaj Electricals, Redington shine