Sensex, Nifty end in the green for 3rd day; all but banking stocks rally

Closing Bell on August 30, 2023: SBI, ICICI Bank, HDFC Bank, Bajaj Finance, IndusInd Bank, NTPC, Kotak Bank, and Bajaj Finserv fell up to 1.4 per cent

4:14 PM

COMMENT:: Mid-, Small-caps displayed resilience amid change in market dynamics

""Positive sentiment initially propelled domestic equities, buoyed by softer US labour market data that caused a retreat in US bond yields, alleviating concerns about rate hikes. This positive outlook was reinforced by Chinese banks' move to reduce existing mortgage rates, favourably impacting Indian metal stocks. However, gains were tempered as the day progressed, primarily due to weakness in global markets attributed to lacklustre economic data from Europe. Banking stocks bore the brunt of this downturn, while mid- and small-cap segments displayed resilience amid the market dynamics."

 

- Vinod Nair, Head of Research at Geojit Financial Services

4:13 PM

Zomato jumps over 5% amid 100-mn share block deal

4:11 PM

Shakti Pumps zooms 20% on winning Rs 358 cr-order from Haryana government

The company received its first work order under the KUSUM-3 scheme from Haryana Renewable Energy Department (HAREDA) for 7,781 pumps. READ MORE

4:09 PM

Mahindra Lifespace hits new high on growth optimism

Knight Frank India, in association of NAREDCO has projected India’s real estate sector to expand to $5.8 trillion and contribute 15.5 per cent to the total economic output by 2047. READ MORE

4:07 PM

Stock of this smallcap commercial vehicle company has zoomed 50% in 6 days

Atul Auto was locked in the 10-per cent upper circuit at Rs 570.40 on the BSE with a combined 1.4 million shares having changed hands in trades. READ MORE

4:06 PM

Jio Financial hits 5% upper limit; gains 10% in two days post RIL AGM

Jio Financial to partner foreign firms for insurance foray, Mukesh Ambani said at the 46th RIL AGM. READ MORE

4:04 PM

M&M gains 5% in 3 days, nears record high on margin improvement hopes

Analysts believe the auto segment is expected to drive its operating performance in the coming years due to increasing volumes going ahead. READ MORE

4:03 PM

BPCL, IOC, HPCL stocks slide up to 3% on reports OMCs may bear LPG subsidy cost

The move is also sentimentally negative for OMC stocks as investors fear that price cuts on petrol and diesel could be next in line ahead of the assembly and general elections. READ MORE

4:01 PM

Surya Roshni hits record high, surges 9% on healthy business outlook

The steel tubes and pipes manufacturer aims to maintain a positive export momentum of value-added products, particularly API pipes, to various regions, despite facing geopolitical challenges. READ MORE

3:59 PM

Hotel stocks in focus; Indian, EIH, Chalet hit new highs, surge up to 7%

Shares hotel companies were on a roll on Wednesday, hitting their respective new highs and surging up to 7 per cent on the BSE in the intraday trade, on healthy business outlook. READ MORE

3:56 PM

Bank Nifty slips 0.6%; Bandhan Bank dips 2%, SBI 1%

3:55 PM

Nifty Realty index gains 1.4%; Prestige, Mahindra Life rally over 4%

3:53 PM

BSE Smallcap Heatmap:: Shakti Pumps, Uflex zooms 20%; Andhra Petro sheds 6%

3:49 PM

BSE Midcap Heatmap:: Indian Hotels, Jubilant Food shine; JSW Energy, HPCL decline

3:47 PM

SmallCaps outperform; India VIX dips 3.5%

3:44 PM

Nifty 50 Losers:: BPCL, PowerGrid, Hero MotoCorp dip over 1%

3:43 PM

Nifty 50 Gainers:: Jio Financial hits 5% upper limit; Tata Steel, Maruti also shine

3:41 PM

Sensex 30 Heatmap:: 16 Gainers v/s 14 Losers

3:39 PM

CLOSING BELL:: NSE Nifty50 settles 5 pts higher at 19,347

3:38 PM

CLOSING BELL:: S&P BSE erases 350-point gian, ends flat at 65,087

3:26 PM

Global Check:: US, UK stock futures in red

Source: Investing.com

3:19 PM

Ramkrishna Forgings bags 8.25 million Euro order in South America

Home-grown Ramkrishna Forgings on Tuesday said it has bagged an order worth Euro 8.25 million, about Rs 73.65 crore, for the supply of equipment to a client in the South American market. READ MORE

3:09 PM

BPCL, IOC, HPCL stocks slide 1-3% on reports OMCs may bear LPG subsidy cost

The move is also sentimentally negative for OMC stocks as investors fear that price cuts on petrol and diesel could be next in line ahead of the assembly and general elections. READ MORE

3:00 PM

Walmart-owned payments company PhonePe forays into online stock broking

The platform will charge users an onboarding price of Rs 199 rupees, while there will be no charge for trades of up to Rs 400, the company said in a statement. READ MORE

2:49 PM

Hotel stocks in focus; Indian, EIH, Chalet hit new highs, surge up to 7%

Shares hotel companies were on a roll on Wednesday, hitting their respective new highs and surging up to 7 per cent on the BSE in the intraday trade, on healthy business outlook. READ MORE

2:39 PM

Strides Pharma arm gets USFDA nod for Mycophenolate Mofetil; stock trades flat

The approval granted by the US Food & Drug Administration (USFDA) is for Mycophenolate Mofetil for oral suspension of strength 200 mg/ml, Strides Pharma Science said in a regulatory filing. READ MORE

2:29 PM

India will buy oil from anyone who offers lowest prices: Hardeep Singh Puri

India will buy oil from all sources that offer it at the "lowest possible prices", the country's oil minister told broadcaster ET Now on Wednesday. India has been buying crude oil from Russia, which is now its top oil supplier, at discounted prices since the west imposed import curbs following its invasion of Ukraine last year. READ MORE

2:19 PM

SAT 'not satisfied' with Sebi order in Zee matter, seeks regulator's reply

Hearing an appeal filed by Zee Entertainment Enterprises’ (Zee) promoter Punit Goenka, the Securities Appellate Tribunal (SAT) on Wednesday directed the market regulator to file a reply by September 4. The tribunal has placed the matter for final decision on September 8. READ MORE

2:10 PM

ALERT:: Titagarh Rail wins Rs 350 cr order from GMRC; stock up over 1%

Titagarh Rail Systems has received Letter of Acceptance (LOA) from the Gujarat Metro Rail Corporation (GMRC) for "Design, Manufacture, Supply, Testing,

Commissioning and Training of 30 nos. of Standard Gauge Cars for Ahmedabad Metro Rail Phase-II Project". The order value is approximately Rs 350 crore; the company said in a release to the BSE.

1:59 PM

India experiences the driest August ever recorded, with a 33% rain deficit

This month is on track to become India's driest August on record due to irregular weather patterns attributed to El Nino, according to a report by The Times of India (ToI). The month has seen a rainfall deficit exceeding 33 per cent, with over 20 days registering no precipitation. This could result in the June-September monsoon season concluding with an overall rainfall deficit. READ MORE