Sensex snaps 5-day winning run, dips 335pts; Vi jumps 20%, Adani Ports 8.5%

CLOSING BELL: Among sectors, the Nifty Metal index fell 2.2 per cent, followed by the Nifty IT index (down 0.6 per cent), and the Nifty Bank index (down 0.3 per cent)

SI Reporter |Business Standard | New Delhi
Sensex snaps 5-day winning run, dips 335pts; Vi jumps 20%, Adani Ports 8.5%

1 min read Last Updated : Feb 06 2023 | 3:35 PM IST

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4:15 PM Feb 23

Sell-off in bank stks amid Adani fiasco provides good entry point: Analysts

The scathing attack launched by Hindenburg Research on Adani group has dampened sentiment across the banking pack as the group's Rs 2.1-trillion debt triggered repayment concerns among investors. READ MORE

banks, lending

4:15 PM Feb 23

COMMENT:: Strong US job data rattles global market

A strong job market in the United States pushed the global market lower on rate hike fears, as it offers the Fed more leeway in enacting stricter policy measures. This was in contrast to the recent rally in the global indices on the expectation that the economy is in its last phase of policy tightening. RBI’s policy announcement on Wednesday will provide more colour on its future rate actions, which is expected to hike rate by 25bps.
- Vinod Nair, Head of Research at Geojit Financial Services.

4:13 PM Feb 23

Adani Ports rises for second straight day; stock up 9%

Shares of Adani Ports and Special Economic Zone (APSEZ) ended higher for the second straight day on Monday. The stock of the Gautam Adani group company has bounced 26 per cent from its last Monday’s low of Rs 394.95. READ MORE


4:11 PM Feb 23

Airtel's Q3 revenue may rise 20% YoY; Vi could face 6 mn subscriber exits

Telecom major Bharti Airtel is likely to report up to 19.7 per cent year-on-year (YoY) growth in revenue to Rs 35,750 crore in the December quarter (Q3FY23), pegged analysts. READ MORE

Bharti Airtel

4:10 PM Feb 23

IndiGo Q3: Focus on international destinations lifts outlook, say analysts

InterGlobe Aviation, the parent firm of IndiGo Airlines, reported a record net profit of Rs 1,422 crore in the October-December quarter (Q3) of financial year 2022-23 (FY23), prompting brokerages to increase their one-year target price on the company's stock. READ MORE

indigo, flights, aircraft, aviation

4:06 PM Feb 23

Government to convert Vodafone Idea's dues into equity; stock zooms 20%

Shares of Vodafone Idea (Vi) zoomed 20 per cent on Monday after the government decided to convert the company's accrued interest worth Rs 16,133 crore, on account of deferment of adjusted gross revenue (AGR) and spectrum dues, into equity. READ MORE


4:04 PM Feb 23

P&G Health soars 14% after PAT jumps 71% YoY in December quarter

Shares of Procter & Gamble (P&G) Health rallied over 14 per cent after the company reported 71 per cent year-on-year (YoY) jump in profit after tax (PAT) to Rs 76.80 crore in the December quarter (Q2FY23). Higher PAT growth was supported by improved margin through portfolio premiumisation, healthy mix and optimization of expenses. READ MORE


4:02 PM Feb 23

Chaman Lal Setia Exports zooms 15% on strong Q3 operational performance

Shares of Chaman Lal Setia Exports (CLSEL) zoomed 15 per cent to Rs 152, hitting multi-year high on the BSE in an otherwise weak market, after the company reported a strong operational performance in December quarter (Q3FY23). READ MORE


4:00 PM Feb 23

Patanjali Foods jumps 3% after over 20% fall in 8 trading sessions

Shares of Patanjali Foods gained 3.5 per cent at Rs 939 on Monday. In past eight trading days, the stock of Baba Ramdev-backed FMCG company had slipped 21 per cent. READ MORE


3:57 PM Feb 23

M&M Financial hits highest level since March 2020, soars 8% post Q3 nos

Shares of Mahindra & Mahindra Financial Services (Mahindra Finance) hit over two-year high of Rs 268.80 on the back of heavy volumes after the company reported healthy earnings for December quarter (Q3FY23). The performance during Q3 was characterized by further improvement in asset quality coupled with healthy growth in disbursements and asset book, the company said. READ MORE


3:55 PM Feb 23

ITC hits new high on strong Q3 results; stock up 13% in a week

Shares of ITC gained 2 per cent to hit a new high at Rs 388.20 per on the BSE, after the tobacco-to-hotels major reported 23.4 per cent year-on-year (YoY) jump in net profit to Rs 5,007 crore in the December quarter (Q3FY23) from Rs 4,057 crore, in the same quarter last year. READ MORE


3:52 PM Feb 23

Sectoral Movers: Nifty FMCG, Realty gain; Metal, IT indices fall


3:50 PM Feb 23

DLink India, Voltamp shine among Smallcaps; Nahar Poly, Engineers India whine


3:48 PM Feb 23

BSE Midcap: Idea zooms 20%, Delhivery, ABB shine; Adani Power, Jindal Steel slip


3:45 PM Feb 23

Midcap, Smallcap indices outperform Largecap indexes


3:42 PM Feb 23

Nifty 50:: Divi's Lab, JSW Steel among notable losers


3:40 PM Feb 23

Nifty 50:: Adani Ports lead gainers chart; IndusInd, BPCL shine


3:38 PM Feb 23

Sensex 30 Heatmap:: 7 Gainers v/s 23 Losers


3:37 PM Feb 23

CLOSING BELL:: Nifty 50 settles at 17,765, down 89 points


3:36 PM Feb 23

CLOSING BELL:: S&P BSE Sensex ends 335 points lower at 60,507


Topics :SensexMARKET LIVEMARKET WRAPstock market investingNiftyBSE NSEstocks to watchBuzzing stocksQ3 resultsAdani GroupAdani Crude Oil PriceFII flowsRupee vs dollarIndian marketsGlobal Markets

First Published: Feb 06 2023 | 7:47 AM IST

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