Page 516 - Si Reporter

Sensex zooms 910 pts as financials defy Adani rout; Nifty ends above 17,850

Closing Bell: On the Nifty, Adani Ports closed in green after two days with a firm gain of 6 per cent., while Adani Enterprises erased over 50 per cent of its day's losses to close 2 per cent down

7 Adani group stocks hit lower circuit; Adani Ent tanks 55% in 3 days

In past seven trading days, the total market capitalisation (market-cap) of 10 Adani group companies has eroded by nearly Rs 10 trillion or 52 per cent to Rs 9.27 trillion in Friday's intra-day trades

Sensex ends 224 pts higher in uneven trade, Nifty flat; Adani Ent skids 27%

CLOSING BELL: Broader markets, however, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices surged up to 0.5 per cent

HDFC Life hits lowest level since May 2020; slumps 17% in two days

The government has lifted tax exemption on life insurance policies issued with aggregate premium of over Rs 5 lakh in a year (other than Ulips) with effect from April 1, 2023

Sterling Tools hits 4-year high on strong Q3 results; surges 40% in 1 month

The revenue growth was primarily driven by increase in content per vehicle, overall robust industry demand & parts SOB increase in select OEM's.

Britannia soars 5% to hit record high on strong Q3 operational performance

The management said that the go-to-market strategy and investments in brands & innovation helped the company register a robust topline growth of 16 per cent YoY

ITC jumps 6% to scale new lifetime high ahead of Q3FY23 results

Brokerages believe that the proposed tax hike on cigarette in the Union Budget 2023 is not very high and would be easily passed on through small price increases

Jubilant Food dips 13% in 2 days, hits lowest level since Dec'20 on weak Q3

The stock hit 52-week low today after the historic high inflation in cheese and flour prices significantly impacted gross margins, which came in at 75.5%, lower by 213 bps year-on-year

Rs 8.7 trn mcap loss for Adani cos in 6 days; Adani Ent tanks 35% since Tue

Given the unprecedented situation and the current market volatility, Adani Enterprises has cancelled its Rs 20,000 crore follow-on-offer (FPO)

Sensex ends 158 pts up on Budget day after 2000 pts-swing, Nifty near 17600

CLOSING BELL: Broader markets were unable to recover from the intra-day lows with BSE Midcap and Smallcap indices dropping up to 1 per cent

Rout in Adani Group stocks triggers panic sell-off in PSU banks

A Bloomberg report said that Credit Suisse Group AG has stopped accepting bonds of Gautam Adani's group of companies as collateral for margin loans

Aquaculture stocks soar after govt slashes customs duty on shrimp feed

Shares of Avanti Feeds, Coastal Corporation, and Waterbase soared up to 20 per cent in trade, as against a 2.05 per cent climb in the S&P BSE Sensex

L&T, Siemens surge up to 5% as govt proposes 33% jump in capex outlay

Timken India, Praj Industries, AIA Engineering and ABB were among other individual stocks from the S&P BSE Capital Goods index, up 4 - 5 per cent each.

Indian Hotels soars 7% on heavy volumes backed by strong Q3 show

The demand outlook for the sector in 2023 remains robust on the back of sporting events such as world cup hockey and cricket and global events like the ongoing G20.

Adani group shares extend fall; Adani Total Gas tanks 51% in five days

Shares of Adani Total Gas were locked in the lower circuit for the fourth straight day, down 10 per cent at Rs 1,901.65 on Wednesday.

Apar Industries zooms 42% in two days, hits record high on robust earnings

The management said the company witnessed volume growth across all the three divisions and the net profit tripled on a YoY basis.

Laurus Labs slips 5%, hits over 2-year low post December quarter results

Laurus Labs delivered operationally in-line performance, led by healthy traction in CDMO-Synthesis/Non-ARV API segment

Auto shares in focus ahead of January sales; M&M up 2%, nears record high

Analysts remain positive on the auto sector given the expectation of double digit volume growth coupled with benign commodity price outlook leading to healthy margin recovery.

Surya Roshni extends rally on strong Q3 earnings; stock surges 30% in Jan

The company's steel pipes segment Ebitda/tonne jumped 76 per cent YoY to Rs 6,733 led by strong growth in value added products (mainly API pipes)

Ashish Kacholia to buy over 5% stake in this SME firm; stock soars 14%

The board approved to issue up to 1.23 million equity shares (5.38 per cent post allotment of total equity) each to Ashish Kacholia and Bengal Finance & Investment Private Limited.