Sensex jumps 346pts, Nifty nears 17,100; Adani Enterprises soars 9%, ZEE 3%

CLOSING BELL: Adani Enterprises, Adani Ports, JSW Steel, Eicher Motors, HCL Tech, Bajaj Auto, Ultratech Cement, Tata Motors, and Hero MotorCorp were the large-cap winners

4:11 PM

Comment :: 'Market volatility to continue until the global banking system fully recovers'

The home market is being impelled to stay non-sticky in both directions by the continuous instability in the international market. The domestic market's favourable ending was supported by a significant upswing in both the US and European markets. This volatility is expected to continue until the global banking system gets fully recovered from the turmoil, along with a confirmation of the Fed's decision to pause rate hikes.

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

4:09 PM

BSE Stats :: Advance-Decline breadth favours buyers in 2:1 ratio

4:02 PM

Currency check :: Rupee ends at 82.34/$ against Tuesday’s close of 82.19/$

3:58 PM

Zee Entertainment advances over 3% as it settles dispute with IndusInd Bank

3:56 PM

Symphony tumbles nearly 6% as stock turned ex-date for buyback

3:54 PM

South Indian Bank crashes 13% as CEO announces exit

The bank’s board on Tuesday considered Ramakrishnan’s request for not intending to continue on his post and appointed a search committee for his replacement.

“Due to personal reasons I do not want to see a reappointment. My family requires my presence. I have six more months. All initiatives taken and those we are taking will be in good share. The search committee will go through a rigorous process to appoint the successor,” said Ramakrishnan on Wednesday. READ MORE

3:51 PM

Sector check :: Nifty Metal index gains 2% amid 9% surge in Adani Ent stock

3:49 PM

Sector check :: All 12 constituents of PSU bank index up; UCO Bank, Union Bank gain up to 8%

3:47 PM

Broader markets outperform large-caps; Mid, SmallCap indices rise 1.7% each

3:45 PM

Sectoral trends :: PSU Banks, Metals lead broad-based buying

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3:43 PM

Sensex Heatmap :: 26 stocks settle higher in a choppy session; RIL, Airtel cap gains

3:39 PM

CLOSING BELL :: Nifty ends near 17,100

3:37 PM

CLOSING BELL :: Sensex jumps over 300 pts

3:29 PM

ALERT :: Gujarat Gas cuts industrial segment prices by Rs 3.59/scm effective April 1, 2023, say reports

3:19 PM

Bharti Airtel falls 3% in two days; stock nears 6-month low

According to analysts at JP Morgan, the launch of cheaper postpaid plans with unlimited 5G by Reliance's Jio has put rival Bharti Airtel on the back foot in the Indian marke,t and may delay recovery in its key profit metric. READ MORE

3:07 PM

Global Check:: US, UK stock futures rally around 1%

Source: Investing.com

2:54 PM

No charge on normal UPI payment; interchange fee for PPI transactions: NPCI

National Payments Corporation of India (NPCI) on Wednesday said there is no charge for the bank account to bank account-based UPI payments or normal UPI payments. READ MORE

2:45 PM

UBS to bring back former CEO Ermotti with Credit Suisse deal ahead

UBS said Wednesday that it's bringing back former CEO Sergio Ermotti to lead the Swiss bank as it moves forward with a government-orchestrated plan to take over struggling rival Credit Suisse. READ MORE

2:30 PM

Trickle of foreign inflows to bonds may not speed up in next FY: Analysts

Foreign investors have bought government bonds worth Rs 152.50 billion ($1.85 billion) on a net basis since November. READ MORE

2:17 PM

Market Check:: Nifty PSU Bank index jumps over 2%

2:04 PM

Bill to reform H-1B and L-1 visa programme introduced in US Senate

A group of influential lawmakers have introduced a bipartisan legislation in the US Senate to comprehensively overhaul the H-1B and L-1 visa programmes and usher in more transparency. READ MORE

1:53 PM

ALERT:: Quess Corp promoters buy 4.5% equity through reverse book building

The company informed BSE, that Fairbridge Capital Mauritius, promoter of the company, bought back 66 lakh shares, representing 4.45 per cent of the company's equity through reverse book building on the NSE.

1:40 PM

Hindustan Zinc trades ex-dividend, stock marginally down

The shares of Hindustan Zinc Limited (HZL) were trading ex-dividend on Wednesday. Earlier this month, on March 16, the company announced its fourth interim dividend of Rs 26 per share. The record date was fixed as March 29 by the board. The total dividend payout for the fourth dividend amounted to Rs 10,985.8 crore. READ MORE

 

1:29 PM

Do Accenture layoffs portend trouble for Indian IT?

Accenture on March 23 announced plans to trim its workforce by 19,000. This may lead to around 7,000 job cuts in India. Are the Accenture layoffs a sign of tough times for Indian IT? Let’s find out. VIDEO

 

1:18 PM

This smallcap aerospace & defense company has zoomed 73% thus far in 2023

Zen Technologies believes that it will play a significant supporting role in the government's prestigious Agnipath initiative and efforts to modernize training. READ MORE

1:02 PM

ALERT :: Zee, IndusInd Bank reach settlement over insolvency issue

>> Zee Entertainment has informed National Company Law Appellate Tribunal (NCLAT) about settling the dispute with IndusInd Bank

>> The first tranche of the total dues that indusInd Bank, had claimed, has been paid early Friday. The remaining dues are to be paid within seven days of the merger or latest by June 30. As per IndusInd Bank’s plea, Zee had to make payment of nearly Rs 84 crore in the case related to Siti Networks.

1:02 PM

We have no exposure to troubled banks in the US: Blackstone-backed Mphasis

Mid-cap IT services player Mphasis has said that it has no exposure to Silicon Valley Bank (SVB), Signature Bank or Silvergate Capital, either as a client or as a banker. The company clarified this in a statement in a regulatory filing to the exchanges. READ MORE

12:51 PM

Global Check:: Nikkei, Hang Seng rally up to 2%

Source: Yahoo Finance

12:35 PM

Manappuram, MGL: Selective small-cap stocks are poised for bigger upside

Selective small-cap stocks may rally up to 22 per cent in coming months, show technical charts. READ MORE

12:24 PM

South Indian Bank plunges 17% as MD & CEO opts out of reappointment

The board said it considered the request of Murali Ramakrishnan, Managing Director & CEO, not to offer himself for re-appointment due to personal reasons/family circumstances. READ MORE