Sensex tumbles 284 pts, Nifty below 18,800; Bajaj Fin, TaMo fall 2%, RIL 1%

Closing Bell on June 22, 2023: The S&P BSE Sensex hit a fresh record high of 63,602 in intra-day trades on Thursday

3:58 PM

COMMENT:: Fears of potential rate hikes in US weighs on market sentiment

"The domestic market is currently witnessing increased volatility as it hovers around its historical peaks. This heightened volatility has also affected mid- and small-cap stocks, which have shown resilience. Moreover, the weak global indicators have had an impact on the domestic market, as they experienced declines following concerns of potential rate hikes, prompted by comments from the Fed chair regarding the fight against inflation."

 

- Vinod Nair, Head of Research at Geojit Financial Services

3:56 PM

Sugar stocks in demand; Dhampur, Uttam Sugar hit 52-week high

The incremental tailwind is expected from attractive international prices, which could catalyse a positive in sugar realizations, Dwarikesh Sugar said in its financial year 2022-23 annual report. READ MORE

3:55 PM

gSpiriva approval gives earnings visibility to Lupin; valuations expensive

Lupin's shares declined 2.7 per cent a day after receiving the final approval of the USFDA for inhalation drug gSpiriva. READ MORE

3:53 PM

Sansera Engineering hits 52-week high; surges 9% after huge block deal

Around 7.45 million shares, representing 14.08 per cent of the total equity of Sansera Engineering, changed hands in morning trade on the NSE. READ MORE

3:51 PM

Ajanta Pharma hits 52-week high on upbeat branded generic business outlook

The management is confident to scale up margins again in the coming years on the back of enhanced contribution from Branded Generics business and normalisation of freight costs. READ MORE

3:49 PM

Arvind rallies 5%, hits 52-week high in subdued market on improved outlook

Arvind expects garment volumes to start improving in the second half of the year despite the soft economic outlook globally as customers become comfortable with the economic outlook and resume buying. READ MORE

3:48 PM

These 2 KP Group stocks have zoomed up to 67% thus far in June

Thus far in the month of June, KPI Green Energy (66 per cent) and K P Energy (56 per cent) have outperformed the benchmark S&P BSE Sensex index. READ MORE

3:46 PM

BSE Power index shed 1.5%; all stocks ended in red

3:44 PM

Market Breadth was fairly negaitve; nearly 2,200 stocks declined as against 1,331 advancing shares on the BSE

3:43 PM

BSE Smallcap Heatmap:: RattanIndia, HCC zoom up to 16%; Kopran, India Cement big losers

3:41 PM

BSE Midcap Heatmap:: Supreme Inds, Rajesh Exports shine; IDFC First Bank, Aditya Birla Capital whine

3:39 PM

Broader indices end with deeper cuts, slip up to 1.2%; India VIX rises 2.2%

3:37 PM

Nifty 50 Losers:: Bajaj Finance, Tata Consumer, Asain Paints dip over 2%

3:36 PM

Nifty 50 Gainers:: Divis Lab, L&T up 1%; HDFC twins other notable movers

3:35 PM

Sensex 30 Heatmap:: 10 Gainers v/s 20 Losers

3:33 PM

CLOSING BELL:: NSE Nifty50 settles with a loss of 86 points at 18,771

3:32 PM

CLOSING BELL:: S&P BSE benchmark hits new peak at 63,601.71; ends in red, down 284 pts at 63,239

3:24 PM

Rupee likely to strengthen to 80-per-dollar in 2024: BofA India treasurer

The Indian rupee is likely to strengthen beyond the 80-per-dollar level in 2024, helped by foreign inflows, while the benchmark 10-year bond yield could rise towards 7.20%, Bank of America's (BofA) top India treasury executive told Reuters on Thursday. READ MORE

3:15 PM

Brent crude falls 0.6% to $76.65 with interest rates, inventories in focus

Oil futures dipped slightly on Thursday, with trader expectations of further interest rate hikes countered by potentially bullish U.S. oil inventory data after preliminary figures showed a fall in stocks. READ MORE

3:09 PM

ALERT:: Fortis Healthcare to sell Chennai biz to Kauvery Group; stock down 0.7%

Fortis Healthcare today announced signing of definitive agreements for sale of its hospital business operations at Vadapalani, Chennai to Sri Kauvery Medical Care (Kauvery Group of Hospitals) in an all-cash deal worth Rs 152 crore. 

2:59 PM

ALERT:: GE Aeropspace sings accord with HAL; stock down 0.8%

GE Aerospace's F414 engines to be co-produced in India, reports CNBC-TV18

2:49 PM

ALERT:: L&T inaugrates new facility in Saudi Arabia; stock up in a weak market

Larsen & Toubro (L&T) today expanded its hi-tech manufacturing capability, inaugurating a new state-of-the-art, advanced Heavy Wall Pressure Vessel facility in Saudi Arabia, as a part of the IKTVA initiative of Aramco and Saudi Vision 2030, to enhance local content.

2:37 PM

Rupee globalisation to spur easier trade with other nations: Ex-RBI dy guv

"India's share of global trade, both exports and imports, is around 7%," said Thorat. "Similarly the share in financial flows is also around the same". READ MORE

2:27 PM

ALERT:: Madhav Infra Projects wins Rs 37 crore order

Madhav Infra Projects has won a Rs 37.07 crore order from Public Work, Bridge Construction department divsion, Sagar, Madhya Pradesh. 

2:21 PM

ALERT:: Market breadth fairly negative

2:09 PM

Arvind rallies 5%, hits 52-week high in subdued market on improved outlook

Arvind expects garment volumes to start improving in the second half of the year despite the soft economic outlook globally as customers become comfortable with the economic outlook and resume buying. READ MORE

1:58 PM

ALERT:: BSE MidCap index down 0.8%; IDFC First, L&T Finance fall over 4%

1:50 PM

ALERT:: L&T, DRDO to jointly work for Navy project; stock up 0.8%

DRDO and L&T join hands for realisation of Indigenous Air Independent Propulsion (AIP) System for Submarines of Indian Navy.

1:38 PM

Beijing breaches 40 deg C for first time in 9 yrs as heatwaves return

Last week, national weather bureau issued an alert for heat stroke, almost a fortnight earlier than in previous yrs, as new record temperatures for the month of June assailed cities across north China. READ MORE

1:28 PM

ALERT:: Natural Capsules gets Rs 75 cr investment from healthcare-focussed equity fund; stock marginally up

Somerset Indus Capital Partners, known for its expertise in the healthcare sector, has invested approximately Rs 75 crore, at a pre-money valuation of Rs 250 crore, in Natural Capsules Limited. As a result of this transaction, Somerset will hold a stake of between 23 per cent and 28 per cent in the company.