Sensex snaps 9-day rally, sinks 520 pts; Infy cracks 9%; banks limit losses

CLOSING BELL: The BSE IT index plunged 4.7 per cent, while the FMCG and Bankex gained 1 per cent and 0.3 per cent, respectively. Midcap and SmaIlcap indices too outperformed in trades on Monday.

3:50 PM

Currency check :: Rupee ends at 81.97/$ against Thursday’s close of 81.85/$

3:46 PM

BSE Stats :: Rally in broader markets supports overall breadth

3:45 PM

Broader markets outrun large-caps; MidCap index up 0.5%

3:42 PM

Sector check :: Nifty PSU bank index limits market downside; PSB jumps over 18%

3:41 PM

Sector check :: Infosys cracks 9%, LTI 7% as IT index sinks amid demand concerns

3:37 PM

Sectoral trends :: Nifty IT index sinks nearly 5%, PSU Bank index rallies 3%

3:36 PM

Sensex Heatmap :: IT stocks bleed; Infy sinks 9%, Tech M 5%

3:34 PM

CLOSING BELL :: Nifty holds 17,700

3:33 PM

CLOSING BELL :: Sensex snaps 9-day winning run, ends over 500 pts down

3:28 PM

ALERT :: SBI Card appoints Shantanu Srivastava as Chief Risk Officer with effect from April 21, 2023

3:21 PM

PSU banks rally; Punjab & Sind, Uco Bank, Indian Bank surge up to 12%

Shares of public sector banks (PSBs) rallied up to 12 per cent amid heavy volumes, in an otherwise a weak market, on expectation of strong earnings in the January-March quarter (Q4FY23). READ MORE

3:11 PM

Global Check:: US, UK stock futures tick marginally higher

Source: Investing.com

3:00 PM

News Alert:: Bank of Baroda to consider raising Foreign Currency Fund; stock up 2.5%

2:48 PM

Stock Alert: TV18 Broadcast up 2% ahead of Q4 results

2:36 PM

India, Russia discussing free trade agreement, says Russia's deputy PM

Russia's Manturov was speaking at an event in New Delhi with India's foreign minister, S. Jaishankar, who said the South Asian country was in advance agreement for a bilateral trade treaty with Moscow. READ MORE

2:24 PM

Market Check:: Bank Nifty edges up; SBI, BoB gain 2%

2:11 PM

Auto Q4 preview: Ebitda margins expected to rise for 4th quarter in a row

Riding on the moderation in raw material cost and favourable forex, the automotive industry’s Ebitda margins are expected to improve in Q4FY23 for the fourth quarter in a row, analysts said. READ MORE

1:58 PM

News Alert:: Mahindra Life arm inks pack with Mitsubishi Electric India

Mahindra Industrial Park Chennai, a joint venture between Mahindra World City Developers and Sumitomo Corporation of Japan has tied-up with Mitsubishi Electric India Private Ltd to set up a plant to manufacture air-conditioners and compressors spread across 52 acres at Origins by Mahindra, Chennai.

1:47 PM

Zee Entertainment falls 3% as nearly 6% equity change hands via block deals

At 9:15 am; around 54.77 million equity shares, which represented 5.7 per cent of total equity of ZEEL changed hands on the BSE. According to a report, foreign institutional investor Invesco Developing Markets Fund sold its entire 5.65 per cent stake in ZEEL via block deals. READ MORE

1:35 PM

SME loan defaults to rise for NBFCs in the coming quarters: Moody's

Rising interest rates, increasing costs amid high inflation and a muted operations environment for small businesses have weighed on SME borrowers' ability to meet debt repayments over the past year. READ MORE

1:23 PM

Stock Check:: Tech Mahindra slips 5% after Citi downgrades stock to 'SELL'

According to reports, Citi has downgraded the stock to 'Sell' and reduced the price target to Rs 955 from Rs 1,110.

1:11 PM

March WPI inflation drops to 1.34%; food inflation slows to 2.32%

Earlier in February this year, the wholesale inflation had declined to a 25-month low of 3.85 per cent on easing prices of manufactured items and fuel and power, according to the government data. READ MORE

12:59 PM

Nestle surges 4%, nears 52-wk high ahead of record date for dividend payout

The company has fixed Friday, April 21 as the record date for a dividend of Rs 102 per share, which includes final dividend of Rs 75 per share for 2022 and interim dividend of Rs 27 per share for 2023. READ MORE

12:49 PM

Broader indices outperform benchmark; India VIX up 4%

12:35 PM

Nifty PSU Bank extend gains over 2%, led by PSB, UCO Bank

12:18 PM

HDFC Bank: Near-term volatility to continue as merger timeline gets delayed

HDFC Bank shares: Analysts believe a re-rating in the stock would happen as and when more clarity emerges on the smooth merger with HDFC Ltd. READ MORE

12:05 PM

BREAKING NEWS :: WPI inflation eases to 1.34%

11:51 AM

Infosys can slip below Rs 1,000 levels; TCS can hit Rs 2,900, charts show

Nifty IT index may fall up to 3 per cent post hitting a new 52-week low, trend turns bearish. READ MORE

11:37 AM

ITC hits new high, tops Rs 400-mark; stock doubles in less than two years

FPIs have increased their stake in ITC for the third straight quarter to 12.87 per cent at the end of March 2023 quarter. READ

 

11:22 AM

MidCaps, SmallCaps faring better than frontline indices