Business

Wall Street's major averages closed lower on Thursday with technology-heavy Nasdaq's 2% drop leading losses as investors worried that data showing a resilient economy would lead the US Federal Reserve to keep hiking interest rates for…

Shares of Tanla Platforms fell on Thursday, extending their losing run to 6 per cent in two straight sessions. The fall was largely in line with the weak market sentiment. The stock settled the day 2.91 per cent lower at Rs 707.80 over its…

Jefferies on Thursday said an investment in REC (formerly Rural Electrification Corporation) will be introduced in its India long-only equity portfolio, with a 4 per cent weighting. This, the foreign brokerage said, will be paid for by…

Semiconductor maker Micron announced Wednesday that it would reduce its headcount by about 10% in 2023, in the latest example of a technology industry slowdown affecting employment.Shares of Micron fell more than 1% in extended…

Benchmark indices closed lower on Thursday led by losses in capital goods, auto and consumer durables shares. Sensex ended 241 points lower at 60,826 and Nifty dipped 72 points to close at 18,127. Market fell for third straight session…

Shares of Landmark Cars will make their market debut on December 23, Friday. The grey market premium (GMP) of the IPO stood at Rs (minus)15 today, implying a negative listing for the company engaged in the automotive retail business.  The…

At least a dozen BSE PSU index constituents including metals producers and oil & gas companies, dropped over 10 per cent in Calendar 2022 that was marked by a comeback of PSU stocks. Some of these stocks may stage a recovery ahead,…

DroneAcharya Aerial Innovations, which generated a whopping 262 times subscription to its SME initial public offer, looks all set to deliver a strong listing gain on its market debut on BSE's SME platform. Despite weakness in the secondary…

Shares of Adani Wilmar have more than doubled since their listing, outperforming the benchmark indices and its sectoral peers in 2022. The shares of Adani Wilmar listed at a 3.91% discount at Rs 221 to their issue price on February 8, 2022.…

Shares of IOL Chemicals & Pharmaceuticals (IOLCP) extended their winning run for the third straight session in Thursday's trade. The stock jumped 6.71 per cent to hit a day high of Rs 426.25 over its previous close of Rs 399.45 despite…

Shares of Mphasis are down 42 per cent in 2022 so far while that of Venus Pipes have rallied 109 per cent during the same period. Apollo Hospitals has fallen 4 per cent this calendar, underperforming the broader market that gained 3 per…

Shipbuilder Mazagon Dock and rail infrastructure stock Rail Vikas Nigam are among eight BSE PSU index constituents that delivered over 100 per cent returns to investors in a year marked by PSU overperformance over the broader market after a…

Shares of Lyka Labs surged in Thursday's trade after the drugmaker inked a pact to buy animal healthcare business from Agilis Healthcare. The stock continued to climb for the second straight session today despite an overall weakness in the…

The initial public offering (IPO) of Elin Electronics received 1.06 times subscription on the final day of bidding on Thursday. The initial share sale got bids for 1,48,27,260 shares against 1,42,09,386 shares on offer by 10:48 am today, as…

Balkrishna Paper Mills jumped over 10 per cent in Thursday's trade to take its four-day winning gains to 71 per cent, even as the company management said it is not aware of any material development that requires stock exchange filings. The…

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…