Sensex rises 284 pts, Nifty tops 16,600; IndusInd jumps 8%, Bajaj Fin 3%

CLOSING BELL: Among sectors, the Nifty PSB index rose 1.56 per cent, while the Nifty Pharma slipped 0.4 per cent

3:21 PM

European markets weak; ECB likely to deliver the first rate hike in 10 yrs

 

3:10 PM

Adani Group approaches SBI for Rs 14,000 crore loan: Report

The application for the PVC plant comes just days after Adani Group secured a loan worth Rs 6,071 crore for a new copper refinery at Mundra, on June 26. Read here

2:59 PM

Global markets :: Euro indices retreat on likely first ECB rate hike in over a decade

2:51 PM

ALERT :: Brent crude price tumbles 4%

2:39 PM

Delhivery enters top 100 most-valued firms' club; m-cap tops Rs 50,000 cr

Delhivery is India's largest and the fastest growing fully-integrated logistics services player by revenue as of FY22. It provides supply-chain solutions to a diverse base of 23,613 active customers such as e-commerce marketplaces, direct-to-consumer etailers and enterprises and various SMEs. READ MORE

2:29 PM

Centre reins in its debt at 56% against 60% pegged in Budget for FY22

Part of it was due to revision in the country's gross domestic product (GDP) by the time actual data on government debt was released in the latest quarterly report on public debt management by the department of economic affairs in the finance ministry. READ MORE

2:18 PM

Banks urge RBI to extend HTM leeway beyond Mar 2023 as bond losses pile up

Commercial banks have requested the Reserve Bank of India (RBI) to extend dispensation on the held-to-maturity (HTM) portion of bond portfolios beyond March 2023 in a recent meeting, sources told Business Standard. READ MORE

2:08 PM

June Quarter Result :: PVR posts PAT of Rs 53 crore vs loss of Rs 219 cr YoY

>> Revenue at Rs 981 cr vs Rs 59 cr YoY

2:00 PM

June Quarter Result :: Kajaria Ceramics reports profit of Rs 92.3 crore

>> PAT was Rs 43.06 Cr YoY    

>> Revenue at Rs 1,008.3 Cr vs Rs 561.6 Cr YoY 

   

>> EBITDA at Rs 153.5 Cr vs Rs 80.3 Cr YoY   

 

>> EBITDA Margin at 15.23% Vs 14.3% YoY

1:52 PM

WATCH :: Stocks and sectors to bet on as the US economy faces a recession

1:41 PM

NEWS ALERT :: ITC hotel business de-merger very much on the table, reports Bloomberg

>> De-merger will depend on business recovery

>> Will list ITC Infotech when the time if=s right

>> Need to wait for inflation to ebb; some signs of moderation

>> Demand has recovered across categories

>> There are lot of synergies in staying as a conglomerate

Views of: ITC chairman Sanjiv Puri

1:32 PM

BS Opinion :: NSE's CEO-designate has to address crisis of confidence at the bourse

The chief executive officer-designate of the National Stock Exchange (NSE), Ashish Kumar Chauhan, takes over in challenging circumstances. The reputation of one of the world’s largest stock exchanges is under deep scrutiny. The Securities and Exchange Board of India (Sebi) has passed strictures and imposed fines on multiple NSE employees in 'Co-location' case. READ MORE

1:24 PM

IndusInd, AU SFB: Mid-cap banks roar as Nifty Bank fires above 36,000

Barring Federal Bank, other mid-cap banks like RBL Bank, IndusInd Bank, AU Small Finance Bank and IDFC First Bank are yet to conquer their crucial resistances. Read here

1:13 PM

Adani Enterprises hits new high; m-cap inches towards Rs 3 trillion mark

In the past six months, AEL share price has surged 36 per cent as against 6 per cent decline in the Nifty 50 index. Read here

1:01 PM

MARKET CHECK: MidCaps firmly outshine; Tata Comm, Yes Bank soar up to 8%