RIL, ITC lift Sensex 418 pts, Nifty regains 18,700; MRF tops Rs 1-L mark

CLOSING BELL ON JUNE 13, 2023: In the broader market, the BSE MidCap index soared 1.2 per cent, while the Smallcap added 0.8 per cent on Tuesday.

3:51 PM

Comment :: 'Expect US Fed to hold rates'

The sustained flow of better-than-expected domestic macro-economic data kept the market mood afloat, with the Nifty midcap trading to all-time highs. The domestic CPI data moderated closer to the RBI’s target due to tone-down in food inflation and a favourable base, which increased the likelihood of a rate cut by the end of the year. Attention now turns to the release of US inflation data and the upcoming FOMC announcement, where the view is optimistic on keeping rates on hold.

Views by: Vinod Nair, Head of Research at Geojit Financial Services

3:49 PM

Currency check :: Rupee ends at 82.38/$ against Monday’s close of 82.43/$

3:46 PM

DLF hits highest level since September 2008

3:44 PM

Zee Entertainment recoups losses as co approaches SAT against Sebi order

3:42 PM

IndiGo extends decline on Gangwal stake sale buzz

>> Company informed the exchanges today that it has not received any information from the co-founders

3:41 PM

Buzzing stock :: MRF becomes first Indian stock to touch six-digit price

>> Stock hits record high of Rs 1,00,300

3:39 PM

Broader market indices outperform; BSE MidCap index hits record high of 28,000

3:37 PM

Sectoral trends :: All but Nifty Auto end in the green zone

3:35 PM

Sensex Heatmap :: ITC, Titan, Asian Paints among top index winners

3:34 PM

CLOSING BELL :: Nifty holds 18,700 on Tuesday

3:33 PM

CLOSING BELL :: Sensex settles near day's high, rallies over 400 pts

3:22 PM

Global Check:: US, UK stock futures marginally up

Source: Yahoo Finance

3:12 PM

Reliance Industries climbs 8 spots on Forbes' Global 2000 list to 45th rank

The Global 2000 ranks the largest companies in the world using four metrics: sales, profits, assets, and market value, Forbes said while releasing the 2023 ranking of the world's top 2,000 companies. READ MORE

3:03 PM

DLF hits highest level since September 2008; zooms 40% thus far in FY24

The Group's strong operating performance in FY2023, which is expected to sustain in FY2024, is supported by continued end-user demand and good affordability. READ MORE

2:53 PM

IndiGo falls 5% in 2 days; Company clarifies on Gangwal stake sale buzz

Shares of InterGlobe Aviation, parent firm of IndiGo, continued to reel under pressure on Tuesday even as the company clarified on stake sale rumors by Gangwal family. READ MORE

2:44 PM

Retail price inflation for wheat, rice, elevated as food inflation cools

The retail price inflation rate in rice, wheat and some pulses such as tur remained elevated in May, explaining the government’s measures on these items. On the other hand, the overall food inflation cooled down to an 18-month low of 2.91 per cent and overall inflation eased to a 25-month low of 4.25 per cent in June. READ MORE

2:35 PM

ALERT:: MIC Electronics wins Rs 3.97 cr order; stock spurts 5%

MIC Electronics has received Letter of Acceptance from Nagpur Railway Division of South East Central Railway Zone for Signaling and Telecom Works. The aggregate value of the said work order is Rs 3.97 crore.

2:25 PM

Market Check:: Auto index off high, up merely 0.1%; M&M slips

2:13 PM

Hiring appetite positive for Jul-Sep quarter amidst layoffs: Survey

The Indian labour market is indicating positive sentiments for the July-September quarter of this year and businesses in the IT industry continue to report the brightest hiring outlook, a survey said on Tuesday. READ MORE

2:03 PM

Market Check:: Sensex slightly off day's high, still up 300 points

1:56 PM

ALERT:: Granules India gets ANDA approval for Metoprolol Tablets; stock gains 2%

Granules India today announced that the US Food & Drug Administration (US FDA) has approved its Abbreviated New Drug Application (ANDA) for Metoprolol Succinate Extended-Release Tablets USP, 25 mg, 50 mg, 100 mg and 200 mg.

 

The current annual US market for Metoprolol Succinate ER Tablets is approximately $ 321 million, according to MAT Mar 2023, IQVIA/IMS Health, the company release stated.

1:44 PM

Indian economy on rise with growing employment, spike in manufacturing: PM

Prime Minister Narendra Modi on Tuesday said that the Indian economy is on a rise being fuelled by a spike in manufacturing activity and growing employment despite the growing geopolitical tensions. READ MORE

1:35 PM

ALERT :: Not received any information that the co-founder intends to sell their stake, says IndiGo

1:25 PM

ALERT:: L&T wins significant order from overseas firm; stock marginally up

Larsen & Toubro's has secured a significant work order from an overseas client for its Hydrocarbon business. 

The company classifies, an order in the range of Rs 1,000 crore - Rs 2,500 crore as a significant order.

1:14 PM

Asian Market Update:: Nikkei soars 1.8%; Taiwan 1.5%

Source: Yahoo Finance

1:03 PM

Ahluwalia Contracts soars 10% on winning work order worth Rs 427 crore

The order inflow during the current FY 2023-24 stands at Rs 4,177.83 crore till date, the company said. READ MORE

12:51 PM

Broader markets outperform; Smallcap, midcap indices rise 1% each

12:42 PM

Oracle founder surpasses Bill Gates to be world's 4th richest person

Ellison announced he was stepping down as Oracle CEO in 2014, though he didn't leave the company. READ MORE

12:22 PM

Zee promoters approach SAT against Sebi order barring them from key posts

The promoters of Zee Entertainment Enterprises on Tuesday approached the Securities Appellate Tribunal (SAT) to seek relief against the market regulator’s order banning Essel group Chairman Subhash Chandra and Zee MD & CEO Punit Goenka from holding key positions. READ MORE

12:10 PM

MRF can hit Rs 120,000, technical charts suggest; support at Rs 96,000 mark

Overall trend of the MRF shares has become lucrative and highly optimistic following decisive rally over the key hurdle of Rs 95,000. The short-to-medium trend is poised for 20 per cent upside. READ MORE