Business

Benchmark indices closed lower on Wednesday led by losses in banking, auto and consumer durables shares. Sensex ended 635 points lower at61,067. During the day, the 30-stock index tumbled 764 points to 60,938. Nifty dipped 186 points or…

 In a tightening cycle, a premature pause in monetary policy action would be a costly policy error, Reserve Bank Governor Shaktikanta Das opined while voting along with five other members of the Monetary Policy Committee (MPC) for raising…

Shares of Hindustan Construction Co (HCC) plunged sharply on Wednesday, pausing their two-day winning run amid weakness in the domestic equity benchmarks. The stock crashed 15.26 per cent to hit an intraday low of Rs 18.60 over its previous…

FedEx said Tuesday it would cut $1 billion more in costs after weak demand ate into its quarterly profit.The company in September announced cost-cutting measures that included parking planes and closing some offices in the face of softening…

Domestic stocks took a beating on Wednesday, with the BSE barometer Sensex plunging 1,068 points from day's high to a low of 60,938.38. Such was the weak sentiment in the broader market that three out of every four active stocks settled in…

Shares of Suzlon Energy plunged sharply on Wednesday, extending their fall for the second straight session amid heavy volumes. The stock crashed 14.06 per cent to hit an intraday low of Rs 9.90 over its previous close of Rs 11.52. The scrip…

Benchmark indices closed lower on Wednesday led by losses in banking, auto and consumer durables shares. Sensex ended 635 points lower at61,067. During the day, the 30-stock index tumbled 764 points to 60,938. Nifty dipped 186 points or…

Nike on Tuesday reported quarterly results that easily topped Wall Street's expectations while raising its outlook, as the company touted its success in clearing through its hefty inventory pile.Shares of Nike rose more than 10% in…

Bharat Dynamics, whose shares have risen 127 per cent this calendar, could potentially deliver 27 per cent return going ahead on strong domestic inflow pipeline, said Elara Securities in its latest note. On Wednesday, the scrip fell 4.7…

Kotak Mahindra Bank CEO Uday Kotak on Wednesday said in a tweet about the gravity of equity markets that every investors should keep in mind.  "GRAVITY! When interest rates are low and central banks are busy printing money, equities can…

Shares of Glenmark Pharmaceuticals surged in Wednesday's trade after the company launched "India's first triple fixed-dose combination for high insulin‐resistant type 2 diabetes." The stock jumped 7.77 per cent to hit a day high of Rs 441…

Shares of Heads UP Ventures, formerly known as Mandhana Retail Ventures, hit upper circuit of 10% today after Marutinandan Capital bought 2,53,326 shares of the firm in bulk deals on December 20. The deal was done at a price of Rs 18.61…

Majority of fertiliser stocks in the domestic equity market have managed to deliver a robust return to investors during the past one month. On an average, the sector has gained 23.30 per cent since November 21, 2022. On the other hand, the…

Shares of Tata Power have delivered flat returns during 2022 and traded in consolidation zone. It has fallen 2.11% this year and risen 2.03% in a year. However, Tata Power stock clocked stellar returns for investors in the last two and…

The initial public offering (IPO) of KFin Technologies was subscribed 75 per cent on the third day (Day 3) of subscription on Wednesday. The initial share sale received bids for 1,77,52,480 shares against 2,37,75,215 shares on offer by…

Shares of Brightcom Group climbed 10 per cent in Wednesday's trade amid heavy volumes. The scrip rose 9.6 per cent to hit a high of Rs 35.90 in morning trade. A total of 61.83 lakh Brightcom Group shares changed hands, which was double the…

Shares of YES Bank declined 2 per cent in Wednesday's trade to slip below the Rs 21 level amid a media report, which said NCLT has rejected its claim worth over Rs 420 crore against real estate developer Vijay Group Realty. As per ET, the…

Lancer Container Lines, Varun Beverages, Great Eastern Shipping and Ujjivan Financial Services are four FPI favourites, which delivered over 100 per cent returns in 2022 so far. FPIs owned 20-30 per cent stake in the four entities as of…

Domestic stocks are likely to see a flat-to-positive start to Wednesday’s trade, mirroring the flattish trend in Asian markets. US stocks settled higher overnight while the dollar index was trading flat in early morning trade. Oil prices…

Wall Street closed slightly higher on Tuesday after four sessions of declines, but investors fretted about weak holiday shopping and rising bond yields added pressure after the Bank of Japan's (BoJ) surprise tweak of monetary policy. Fears…

At a time when financial influencers – popularly known as finfluencers – have gained a wide following with some commanding a follower count in millions on social media, the capital markets regulator Securities and Exchange Board of India…

The initial public offer of KFin Technologies was subscribed 70 per cent on the second day of subscription on Tuesday. The initial share-sale received bids for 1,66,01,920 shares against 2,37,75,215 shares on offer, according to NSE data.…

Fast-moving consumer goods (FMCG) giant Dabur India said the Burman family sold one per cent of their shares through a block deal completed on Tuesday. The entities of Burman family which have offloaded shares were Gyan Enterprises and…

Benchmark indices recovered most of their intra-day losses and closed marginally lower on Tuesday led by buying in market heavyweights Reliance Industries and Tata Consultancy Services. Sensex managed to trim most of its early losses and…

Fintech player Zaggle Prepaid Ocean Services Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering. The IPO (initial public offering) comprises fresh issue of equity shares…

Shares of InterGlobe Aviation rose over 3% today after Emkay Global initiated coverage on the operator of IndiGo airline with a buy call. InterGlobe Aviation stock gained 3.56% to Rs 2099.5 against the previous close of Rs 2027.25 on BSE.…

Shares of GMM Pfaudler on Tuesday snapped a three-day losing streak, in an otherwise weak trading day for the market. Axis Capital said it has maintain its buy rating on the stock, with a target price of Rs 2,644, based on 36 times…

A Sebi meet on various market regulations is likely to discuss share buyback regulations today. Sebi Chairperson Madhabi Puri Buch will be addressing media at 5 pm later in the day. Sebi had in November proposed measures to streamline the…

Shares of YES Bank tanked 4 per cent in Tuesday's trade amid a broader market weakness. The scrip has fallen 17 per cent over December 14 high of Rs 24.75 apiece. A couple of brokerages have neutral to negative ratings on the scrip.…

Shares of Suzlon Energy slipped into the red after hitting their 52-week high levels on Tuesday. The stock dropped 3.61 per cent to hit a day low of Rs 11.21 over its previous close of Rs 11.63. The scrip, however, touched its 52-week high…