Mid, SmallCap indices sink up to 4% ahead of CPI inflation; benchmarks flat

Closing Bell on September 12, 2023: Among sectors, the Nifty Media index declined nearly 4 per cent, the Nifty Metal index nearly 3 per cent, and the Nifty PSU Bank and Auto indices up to 2.5 per cent

SI Reporter New Delhi

stocks, shares, market, sensex, nifty, BSE, INVESTORS, BROKERS

3:35 PM

CLOSING BELL :: Sensex eke out less than 100-point gain post choppy session

3:23 PM

Sebi hid facts, slept over DRI's letter on stock manipulation by Adani: PIL

Jaiswal's affidavit said that while the investigation against the Adani group was going on in the over-invoicing case, DRI sent a letter to the then Sebi chairperson in 2014 alerting him that the group may be committing stock market manipulation using the money allegedly siphoned off using the modus operandi of over-valuation in the import of power equipment. READ MORE

3:11 PM

ALERT :: Fertiliser stocks in focus

2:57 PM

Apple to sell Made-in-India iPhones on launch day for the first time

It would also underscore India’s growing production prowess, and reflect a significant departure from Apple’s previous strategy of selling mostly Chinese-made new devices to frenzied customers across the world. The new iPhone 15 is expected to go on sale in the days or weeks after its unveiling, slated for 10 a.m. California time on Tuesday. READ MORE

2:42 PM

TCS gains 3%, hits 52-week high in range-bound market

In the past two trading days, TCS has gained 4 per cent after the company partnered with Dassault Systems through its Living Heart Project that unites an ecosystem of cardiovascular researchers, educators, medical device developers, regulatory agencies including US FDA, and practicing cardiologists to develop and validate realistic digital simulations of the human heart. READ MORE

2:28 PM

Debt funds see outflows in August on interest rate uncertainty

"The mutual fund industry witnessed outflows from liquid and ultra short duration funds due to institutions pulling out money primarily to fund investment cycles. There is also a cautious outlook amongst investors on the future interest rate scenario. The data correlation also suggests there might have been some reallocation of funds from conservative to aggressive as liquid funds saw a 5-month high in outflows and equity funds saw a 5-month high in inflows," said - Mayank Bhatnagar, Co-founder & COO, FinEdge. READ MORE

2:11 PM

ALERT :: No proposal of additional tax on diesel vehicles under consideration currently, clarifies Gadkari

2:03 PM

ALERT :: Shyam Metalics' arm incorporates a wholly-owned subsidiary in Netherlands

>> Shyam Sel and Power Limited (Material Wholly Owned Subsidiary) of Shyam Metalics has incorporated a wholly-owned subsidiary company in Netherlands named SHYAM GLOBAL B.V. on September 8, 2023 and registered on September 11, 2023

1:46 PM

Updater Services receives Sebi's approval to float IPO of Rs 400 cr

Integrated facilities management Updater Services Ltd has received capital markets regulator Sebi's approval to raise funds through an Initial Public Offering (IPO). The IPO will comprise a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer For Sale (OFS) of up to 1.33 crore equity shares by a promoter and existing shareholders. READ

1:31 PM

Auto index tanks 3% on talks of additional 10% tax on diesel vehicles

Shares of auto companies, mainly diesel vehicle makers, slipped in intra-day deals on Tuesday, after Nitin Gadkari, Minister of Road Transport and Highways of India, said he planned to approach the Finance Minister Nirmala Sitharaman with an additional tax proposal on diesel vehicles of 10 per cent. READ

Experts further said that retail investors should be clear on whether they are taking short-term positions based on the sentiment or investing for the long term.

1:14 PM

BSE Smallcap index slips 4%, records sharpest intra-day fall of 2023 so far

Total 22 stocks from the Smallcap index including Suzlon Energy, GMR Power, Reliance Infra, PTC Ind, Genus Power, Patel Engg and HPL Electric were locked at their respective lower circuits on the BSE. READ

stocks brokers, markets, sensex, nifty, stock market

1:02 PM

Explained: Small-cap, mid-cap and thematic funds steal the show in August

Equity-oriented funds continued to witness net inflows in August, making it the 30th consecutive month of net inflows. The segment witnessed net inflows of Rs 20,245.26 crore in August 2023,167 per cent higher than what it witnessed in the previous month (Rs 7,625.96 crore). READ

12:44 PM

ALERT:: Hindalco inks technology agreement with Metra; stock down 1%

Hindalco has signed a technology partnership with Italy-based Metra SpA renowned for its expertise in producing structured and value-added aluminium extrusions. The partnership aims to enable the production of large-size aluminium extrusion and fabrication technology for building high-speed aluminium rail coaches in India, the company said in an exchange filing.

12:29 PM

Lemon Tree Hotels rallies 15% in 4 days on signing new property in Shimla

The management said the outlook for Lemon Tree Hotels remains promising, with healthy occupancy rates and higher average room rates (ARRs). READ MORE