Page 503 - Si Reporter

FMCG, select banks help Sensex, Nifty snap 5-day losing streak; Metals dip

CLOSING BELL: Nestle, Titan, Hindustan Unilever and Asian Paints were the major gainers among the Sensex-30 pack; while Tata Steel, IndusInd Bank and Bharti Airtel were the top losers.

Zee Entertainment up 8% on report that it will pay $10 mn to IndusInd Bank

The settling of dues of about Rs 83.7 crore to the lender could happen as early as Friday, and IndusInd Bank could withdraw its insolvency proceedings against the media company

Wipro hits 52-week low amid revenue growth worries; down 38% in one year

The growth could be a challenge in Q1FY24, too, not just because of the cautious customer behavior but also due to the added issue of productivity concessions kicking in, says Nirmal Bang in a note.

ICICI Pru soars 9% after appointment of Anup Bagchi as MD & CEO of company

Anup Bagchi had joined the ICICI Group in 1992 and had worked in the areas of retail banking, corporate banking and treasury.

OMCs in focus as crude oil hits 1-year low; BPCL, HPCL surge up to 5%

With this decline in crude prices analysts expect marketing margins of HPCL, BPCL and IOCL to improve further.

Patanjali Foods down 5% after stock exchanges freeze promoter shareholding

The company is required to either raise funds or promoters needs to sell 5 per cent stake to bring down their stake to 75 per cent

Samvardhana Motherson tanks 9% after 5% equity change hands via block deals

Till 09:18 AM; around 305.61 million equity shares representing 4.5 per cent of total equity of Samvardhana Motherson had changed hands on the NSE.

Sensex falls for 5th straight day, ends 344 pts down; Nifty breaks 17,000

CLOSING BELL: The Nifty 50 ended below the 17,000-mark for the first time since October 11, 2022. The NSE benchmark has now shed 630 points in the last five trading sessions.

Technocraft Industries hits record high; stock zooms 40% in 5 weeks

Last month, Technocraft had bought 1.5 million equity shares at a price of Rs 1,000 per share via buyback offer through tender route

GMR Airports surges 6% on heavy volumes after arm raises funds via NCDs

The proceeds from the NCDs will be utilized for partial refinancing of $100 million of the existing FCBs of 2024

Varun Beverages surges 5%, nears record high on strong growth outlook

The beverages' sector presents significant growth opportunities in the future, driven by deeper penetration into rural markets, an expanding demographic profile, and a growing middle-class population

Maruti Suzuki gains 2% after promoter buys 3.45 lakh shares via open market

ICICI Securities said this is sentimentally positive for the company and a confidence boosting measure

Infosys hits five-month low; stock down 10% in one month

In past two days, the stock was down 4% after the company on Saturday informed to the stock exchanges that Mohit Joshi, President of the company resigned effective from March 11, 2023.

Sensex sheds 338 pts, Nifty ends near 17,050; IT, Adani Group stocks tumble

CLOSING BELL: The BSE benchmark index ended lower for the fourth straight trading session, and has shed 2,448 points during this period.

Nifty Pharma index hits 2-year low; Cipla, Divis, Laurus Labs at 52-wk lows

Analysts said the pace of US FDA inspections has again picked-up in the last few months post Covid, and they have seen increased incidents with 483 observations and adverse outcomes

Sona Comstar up 8% as institutional investors buy Blackstone's 20.5% stake

Marquee investors like the Government of Singapore, Fidelity, FMR, ICICI Prudential Life Insurance and HDFC MF bought shares from Blackstone in the bulk deal.

Divgi TorqTransfer erases listing gains; slides 5% below issue price on NSE

The stock was listed with a 5 per cent premuim at Rs 620 on the NSE. This was over its issue price of Rs 590 per share

4 Adani group stocks locked in 5% upper circuits in weak market

Adani Group said it has completed full prepayment of margin linked share backed financing aggregating to $2.15 billion, well before committed timeline of 31 March 2023

YES Bank tanks 13% intra-day as 3-year shareholder lock-in period ends

Analysts at ICICI Securities believe near term risk include decision to write-down AT-1 bonds being challenged in court, which is currently stayed and supply overhang post expiry of stock lock-in

Nazara Tech's 2 subsidiaries hold Rs 64 cr in SVB; stock hits record low

The balances held at SVB by Kiddopia Inc. and Mediawrkz Inc cumulatively account for $7.75 million.