Sensex ends 87 pts up, Nifty at 20,130; Tata Tech surges 165%, Gandhar 79%

Stock market highlights: After listing at a whopping 140 per cent premium, shares of Tata Technologies closed at Rs 1,326, which is 165 per cent higher against the issue price of Rs 500

3:50 PM

Fedbank Fin ends flat at issue price of Rs 140 on listing day

3:49 PM

Gandhar Oil surges 79% over issue price on debut day

3:48 PM

Bumper debut: Tata Tech gives 165% returns on first day of trading

3:46 PM

Nifty Bank, PSB indices dip; Pharma, Realty top winners

3:44 PM

Smallcap, Midcap pockets sharply outperform subdued benchmark gains

3:43 PM

Adani Ent, Adani Ports, LTIM, Reliance top Nifty drags

3:42 PM

HDFC Life, Apollo Hosp top Nifty50 stocks

3:41 PM

Heatmap: Ultratech Cement, Sun Pharma, Airtel surge 2-3%

3:40 PM

Closing Bell: Nifty ends above 20,130; 32 of 50 stocks close in green

3:38 PM

Closing Bell: Sensex closes 87 points higher

3:21 PM

Metro Brands, Nykaa soar up to 9% on inking licensing pact with Foot Locker

Shares of Metro Brands (MBL) and FSN E-Commerce Ventures, the parent company of Nykaa, rallied up to 9 per cent on the BSE in Thursday’s intra-day trade after US-based Foot Locker signed a long-term licensing agreement with the two for marketing its products in India. Read

3:06 PM

Analysts suggest hedging India equity portfolio before state poll results

India's equity markets may see increased volatility after the results of crucial state elections this weekend, prompting analysts to recommend investors hedge their portfolios using options.

2:54 PM

Despite secondary market volatility, IPO charm is here to stay: Analysts

Despite the near-term risks from the Assembly election outcome that investors can extrapolate to the general election outcome in 2024, volatile oil prices, asymmetrical global growth, and geopolitical tensions, analysts expect the buzz in the primary markets to remain intact in 2024. Read

2:43 PM

Assembly elections exit polls to begin at 5:30 pm: Election Commission

2:33 PM

Global check:: Dow Jones futures marginally up in pre-market trades

Source: Investing.com

2:25 PM

ALERT:: Vascon Engineers board okays Rs 125 cr fund raise; stock up 1%

Vascon Engineers in an exchange filing said its board approved a proposal to raise funds up to Rs 125 crore.

2:15 PM

Growth slows down in three of five advanced economies; US, UK exceptions

China, Japan and Germany showed a weaker rate of growth in the Q3 of the ongoing calendar year 2023 (CY23) compared to the same quarter in the previous year, according to data from the Organisation for Economic Cooperation and Development (OECD). China’s GDP grew at 4.9 per cent in Q3 compared to 6.3 per cent in the previous quarter. Similarly, Japan’s economy registered a 1.4 per cent growth in the September quarter compared to 1.9 per cent previously. READ MORE

2:02 PM

ALERT:: Tata Coffee Vietnam arm to expand capacity; stock up 0.6%

Tata Coffee Vietnam Company a subsidairy of Tata Coffee has approved the setting up of an additional 5500 MT Freeze-Dried Coffee facility in Vietnam for an investment of Rs 450 crore, the latter said in an exchange filing.

1:56 PM

France's fashion group SMCP strikes deal with Reliance to expand into India

Reliance Brands, a subsidiary of Ambani's Reliance Retail, has partnership deals with dozens of high-end European and American labels, including Bottega Veneta, Burberry, Valentino and Tiffany. READ MORE

1:45 PM

Monetary Policy Committee may have underestimated economic growth for Q2

Most economists and experts are in sync with Reserve Bank of India governor Shaktikanta Das' optimism that the second quarter economic growth would surprise everyone on the upside, at least in comparison to the monetary policy committee's (MPC) projection of 6.5 per cent. The national account numbers, including gross domestic product (GDP), for the quarter are slated to be released later today. READ MORE

1:34 PM

ALERT:: SJVN successfully executes Hydro Electric project in Uttarakhand; stock down 1%

SJVN in an exchange filing today said the company has successfully synchronized the Second Unit of 60 MW Naitwar Mori Hydro Electric Project (NMHEP) with the National Grid. NMHEP is located on River Tons, a major tributary of River Yamuna in Uttarkashi district of Uttarakhand. The project will generate 265.5 million units of electricity annually. 

1:20 PM

Market-cap of this Tata Group stock nears Rs 1 trillion; surges 24% in Nov

Trent's market cap touched Rs 98,399 crore in intra-day trade on Thursday as the stock hit a new high of Rs 2,768 on the BSE. READ MORE

1:06 PM

ALERT:: REC's board increases borrowing limit for FY24; stock marginally down

REC in an exchange filing said, the company's board approved raising of market borrowing programme from Rs 1.2 trillion to Rs 1.5 trillion for FY24.

12:54 PM

DLF mulls first bond issue in three years; stock down 2%

India's DLF Ltd is mulling its first sale of bonds in three years amid a revival in the country's real estate market, three merchant bankers said on Thursday.  READ MORE

12:39 PM

Indian economy expected to sustain strong growth amid global gloom

India's is seen as the bright spot globally as some Western countries are flirting with the possibility of recession, while China, the world's second-largest economy, has slowed down. READ MORE

12:27 PM

Global check:: Markets in the Asia-Pacific region gain up to 0.7%

Source: Yahoo Finance

12:15 PM

New businesses to boost growth momentum of Tata Consumer Products

The stock of fast-moving consumer goods major Tata Consumer Products has been reaching new all-time highs on better-than-expected results for the July-September quarter (second quarter, or Q2), strong growth in the food business, and margin gains in the beverage/international business. Most brokerages are positive on the stock, given growth prospects, and believe that rich valuations are justified. READ MORE

12:03 PM

Siemens' strong July-September quarter results fail to cheer markets

A near 10 per cent rally in November and restructuring of promoter holding are seen as reasons for the subdued reaction. READ MORE

11:51 AM

RIL, ICICI, Infy to draw highest flows on US retirement fund switch

An analysis done by Nuvama Alternative & Quantitative Research shows Reliance Industries (RIL), ICICI Bank, Infosys, and HDFC Bank will draw the highest inflows among domestic stocks on account of the benchmark switch by the US Retirment Fund. READ MORE

11:39 AM

IREDA extends rally in weak market; stock zooms 115% against issue price

Shares of Indian Renewable Energy Development Agency (IREDA) continued their upward move for the second, with its stock price hitting a new high of Rs 68.91 on Thursday. With this, the stock has more than doubled against its issue price of Rs 32.  READ MORE