Sensex, Nifty end flat post volatile trade; ITC up 2%; Maruti, RIL dip 1%

CLOSING BELL: ITC, the biggest cigarette maker, and the second largest fast moving consumer goods (FMCG) company in India, regained the market capitalisation of Rs 4 trillion on Friday

4:14 PM

COMMODITIES CHECK: Brent Crude steady below $100 per barrel

source: oilprice.com

4:09 PM

GLOBAL CHECK: European shares edge higher in trade

4:04 PM

GLOBAL CHECK: US equity futures flat ahead of employment report

4:00 PM

World stocks eye 3% weekly loss, dollar sky high before US jobs data

Fresh lockdowns in China are also fuelling concerns about global growth, while high energy costs as a result of the war in Ukraine are weighing on European markets. READ MORE

3:54 PM

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

The market has struggled for a firm direction today as global markets were largely under selling pressure ahead of the release of US job data, which could provide insight into upcoming Fed actions. Oil prices rose ahead of the OPEC+ meeting on the expectation of a reduction in output, despite the fact that weak global growth prospects remain a concern. A surging dollar index and rising US bond yields could be reflected in the elevated volatility of the domestic market in the near term.

3:50 PM

Adani Enterprises, Ashok Leyland among stocks that hit 52-week high

3:47 PM

BPCL, Shree Cement, Hindalco top Nifty50 losers

3:45 PM

ITC, Adani Ports, HDFC top Nifty50 gainers

3:43 PM

Broader markets muted in trade; India Vix eases 1%

3:39 PM

Sectoral indices mixed in trade; Nifty Auto, Nifty PSU Bank bogged down

3:35 PM

SENSEX HEATMAP: 11 out of 30 index constituents end in green

3:34 PM

CLOSING BELL: Sensex ends flat at 58,803 levels

3:32 PM

CLOSING BELL: Nifty50 closes flat in trade, slips below 17,550 levels

3:25 PM

Gold prices rise as dollar softens, but on track for third weekly fall

Spot gold rose 0.4% to $1,702.49 per ounce by 0801 GMT, but was down about 2% for the week so far. READ MORE

3:16 PM

India keen to settle sovereign bonds domestically to help with CAD

This would also do away with the need to reform the taxation system in the country. JPMorgan, this week, sought views from investors on whether it should include India's sovereign bonds in its GBI-EM Global Diversified Bond Index or not. If the move is successful, it is expected to bring a large pool of liquidity into the Indian sovereign bond market. READ MORE

3:05 PM

1-year median MCLR rise moderates in August, up 40 bps since June

Foreign banks have raised it the most, median rate up 90 bps; just 20-bp rise for private banks. Read more

2:56 PM

HBL Power surges 7%; bags Rs 290 crore-order

 

2:48 PM

Shaktikanta Das seeks to shield growth as RBI prioritises inflation fight

"We are seeing signs of slowdown globally and it will have an impact on India," Das said in an interview with television channel Zee Business on Friday. Read here

2:40 PM

ITC regains Rs 4-trillion m-cap after 5 years; stock surges 50% in 6 months

ITC's market cap had last touched the Rs 4-trillion feat on July 14, 2017, when it was Rs 4.10 trillion on closing level basis. Read here

2:30 PM

Larsen & Toubro gains 2%, hits over six-mth high on strong revenue outlook

In the past one month, L&T has outperformed the market by gaining 9 per cent as compared to a 1.4 per cent rise in the S&P BSE Sensex. Read here

2:23 PM

MARKET CHECK :: Indices build momentum

2:16 PM

Akasa, IndiGo slash fares as competition heats up in domestic market

Airfares on these routes have dropped by around 20-25 per cent and discounted seats are available for sale on certain flights even for close-in travel. Typically, discounted tickets are sold beyond the 0-15-day travel window.

 

The fare war comes in a low travel season and with the government lifting the cap and ceiling on airfares from August end. READ MORE

2:08 PM

ALERT :: Will exhort banks to raise more capital to be prepared for the worst, says Shaktikanta Das

>> Banks need more capital if credit growth has to sustain

>> No pre-determined mind set for bank mergers

>> India at threshold of a great opportunity given demographic dividend, global situation

Source: TV reports

2:06 PM

ALERT :: Our digital rules well received by lenders, says RBI Guv

>> RBI’s new digital rules are consumer-centric

>> Rules focus on transparency, risk assessment, management & mitigation

>> Strong forex reserves keeping Rupee stable

Source: TV reports

2:05 PM

ALERT :: Will try to minimise impact on growth when tackling inflation, says RBI governor Shaktikanta Das

>> Studying why April-June GDP growth is lower vs RBI’s projection

>> Domestic activity remains resilient

>> Will disucss Q1 GDP at next MPC meeting

Source: TV reports

1:56 PM

NSE indices rejig: Adani Enterprises, Adani Total, HAL can rally up to 10%

Adani Total Gas is the only stock that has closed in green each quarter since the Covid-19 pandemic, shows the quarterly chart. The stock has surged 14 times from the pandemic lows READ MORE

1:46 PM

MIDCAP WINNERS | Astral, Patanjali, HAL soar up to 6%

1:37 PM

GLOBAL MARKETS | European indices edge up ahead of US jobs report

1:27 PM

India could approve sugar exports in two tranches from Oct: Report

India is set to allow sugar exports in two tranches for the next season beginning in October, as the world's biggest producer of the sweetener tries to balance the interests of its farmers and consumers, government and industry officials told Reuters. READ MORE

1:19 PM

Dhanvarsha makes unsolicited offer of Rs 300 cr to buy Dhanlaxmi Bank

The Dhanvarsha group, a Delhi-based diversified business house, has made an unsolicited offer to buy out the old-generation private sector lender Dhanlaxmi Bank. READ MORE