Sensex snaps 4-day losing run, gains 160 pts; PSU bank index leaps 4%

CLOSING BELL: Individually, Punjab and Sind Bank (PSB), Bank of India, Bank of Baroda, Central Bank of India, Indian Overseas Bank, and UCO Bank gained between 6 per cent and 15 per cent

4:12 PM

COMMENT:: Markets await Fed policy decision, inflation numbers next week

"After touching a record high, the domestic market experienced significant volatility as global markets tumbled due to fear of an economic slowdown and worries over a Fed rate hike. Recession fears weighed on IT and pharma stocks while banks, especially PSBs, continued to support the bourses. This volatility is expected to sustain in the global market as we await the Fed policy decision and US inflation numbers due next week."

 

- Vinod Nair, Head of Research at Geojit Financial Services.

 

4:10 PM

Dharmaj Crop rallies 12% on debut

The issue of Dharmaj Crop Guard was subscribed 35 times on the back of strong response from all categories of investors. The high networth individual category of the IPO were subscribed 52 times, while that of institutional investor portion was subscribed 48 times. The retail portion saw 21.5 times subscription, stock exchange data showed. READ MORE

4:08 PM

Axis Bank hits fresh life-time high, gains 3%

Focus on risk adjusted business growth and improving margin trajectory is seen aiding return ratios with sustainability of performance to drive valuation ahead for Axis Bank, analysts. READ MORE

4:05 PM

Sun Pharma sheds 3.5% as USFDA issues import alert on Halol facility

For the year ended March 31, 2022, supplies to the US market from the Halol facility accounted for approximately 3 per cent of the company's consolidated revenues. READ MORE

4:03 PM

Nifty PSU Bank index soars 3.8%; these three constituents have zoomed over 50% in 1-mth

Shares of public sector banks (PSU) continued their northward journey with the Nifty PSU Bank index surging 3.8 per cent on the National Stock Exchange (NSE) on expectations of strong earnings in coming quarters. READ MORE

3:59 PM

LTIMindtree slips nearly 3%; extends losing streak to four days

Shares of LTIMindtree, the merged entity of Larsen and Toubro Infotech (LTI) and Mindtree, were down 2.7 per cent down on Thursday. The stock of the Larsen & Toubro (L&T) Group quoted lower for the fourth straight after listing of its additional shares under its new name from December 5. READ MORE

3:56 PM

Triveni Engineering dips 4% after nearly 9% equity change hands on BSE

At 09:15 am; around 20.73 million equity shares representing 8.58 per cent total equity of Triveni Engineering changed hands on the BSE, the exchange data shows. READ MORE

3:53 PM

Market Breadth marginally positive; 136 stocks hit new 52-week high on BSE

3:51 PM

BSE Smallcap Heatmap:: Digi Space, Skipper, Venky's soar up to 18%

3:49 PM

BSE Midcap Heatmap:: Bank of India, IOB, Bharat Forge rally up to 8%

3:46 PM

Rupee edges higher to 82.43 versus $

3:44 PM

Broader market also gains around 0.5%; India VIX declines 5%

3:42 PM

Nifty 50:: Top Losers on Thursday - Sun Pharma, Divis Labs

3:40 PM

Nifty 50:: Axis Bank, IndusInd Bank gain over 2%

3:39 PM

Sensex 30 Heatmap:: 13 Gainers v/s 17 Losers

3:36 PM

CLOSING BELL:: Nifty 50 ends at 18,609, up 49 points

3:34 PM

CLOSING BELL:: S&P BSE Sensex ends 160 points higher at 62,571

3:24 PM

BSE 500:: HDFC Bank, Sun Pharma, KEC among volume shockers

Sundaram Clyaton witnessed unusally high volume of around 4.56 lakh shares so far on the BSE as against its five-day average volume of around 426-odd shares. HDFC Bank, Coromandel International, KECL International and Glenmark Pharma were the other volume toppers on Thursday.

3:14 PM

Inox GFL Group raises around Rs 1,500 cr across entities to pare down debt

The Inox GFL Group, recently embarked on a journey towards deleveraging across all its operating entities. Towards this goal the Group has been on a significant fundraising spree, raising almost Rs 1,500 crore across its entities in the last fortnight, a company statement said. READ MORE

3:07 PM

Global Check:: US, UK stock futures little changed at this hour

Source: Investing.com

2:55 PM

India unveils Rs 2.2 trillion plan to upgrade grid for clean power

India unveiled a Rs 2.44 trillion ($29.6 billion) plan to build transmission lines to connect renewable generation, as it aims to nearly triple its clean-power capacity by 2030. India has a generation capacity of 173 gigawatts from non-fossil fuel sources and plans to almost triple it to 500 gigawatts by 2030. READ MORE

2:44 PM

PSB index soars 3%; these three constituents have zoomed over 50% in 1 mth

Shares of public sector banks (PSU) continued their northward journey with the Nifty PSU Bank index surging nearly 3 per cent on the National Stock Exchange (NSE) in Thursday’s intra-day trade on expectations of strong earnings in coming quarters. READ MORE

2:31 PM

BSE 500:: GHCL, Easy Trip Planners, Sun Pharma, Sobha among top losers

GHCL down nearly 5 per cent was the top loser among the BSE 500 stocks. Easy Trip Planners, Sun Pharma, Sobha and Phoenix Mills, down 3 - 4 per cent each were the other prominent losers so far on Thursday.

2:19 PM

Prepay home loan to combat interest rate hike impact, say experts

Borrowers, both existing and new, will feel the brunt of the latest rate hike soon, given that a large percentage of home loans are linked to an external benchmark, mostly the repo rate, nowadays. READ MORE

2:09 PM

Global Check:: Hang Seng soars 3.3%; Most other Asian markets see red

Source: Yahoo Finance

2:00 PM

BharatPe sues Ashneer Grover and wife, seeks Rs 88 cr for swindling firm

Fintech platform BharatPe said it has initiated criminal and civil proceedings against its former Co-Founder, Ashneer Grover and his wife Madhuri Jain Grover over misappropriation of company funds. READ MORE

1:45 PM

BSE 500:: Punjab & Sind Bank, KEC, Godfrey Phillips among top gainers

Punjab & Sind Bank up nearly 10 per cent was the top gainer among the BSE 500 stocks so far on Thursday. It was followed by Godfrey Phillips, KEC International, Chemplast Sanmar and Bank of India, up around 7 - 8 per cent each.

1:36 PM

Centre seeks private sector professional to be first chief executive of LIC

India aims to appoint a private sector professional as the first chief executive of the Life Insurance Corporation of India in an effort to modernise its largest insurer after a disappointing stock market debut, two government officials said. Read more

1:25 PM

Aptus Value sinks nearly 3% as 0.3% equity changes hands

1:15 PM

Indian-origin investor takes legal action after losing $2 mn in FTX crash

An Indian-origin entrepreneur, who lost $2 million after FTX went kaput last month, is taking legal action against the cryptocurrency exchange's founder, according to a report. Read more