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Feb 6, 2023 4:05 PM

Share Market Update | Kotak AMC's Harish Krishnan on markets

"On valuations, we do think that there has been some moderation in valuations. There are some pockets, which have opened up in terms of a slight reduction or slight moderation valuation and that is what we would want to use to allocate at this point of time, from a portfolio point of view," says Harish Krishnan, EVP & Sr Fund Manager (Equities), Kotak AMC.

Feb 6, 2023 4:00 PM

Market at Close | Sensex and Nifty 50 end largely lower, metal stocks remain a major drag

-- Adani group stocks rise in the range of 4-14 percent from intra-day lows

-- Adani Enterprises, Adani Green and Adani Transmission one-year forward valuation falls over 50 percent since January 24.

-- Adani Ports surges nine percent on reports w.r.t. release of pledged shares.

-- Divi’s declines nearly four percent as brokerage firms cut target, is top Nifty loser.

-- Vedanta down nearly three percent on reports of government opposing HZL’s buyout of Vedanta international assets.

-- Reliance ends nearly one percent lower after government hikes windfall tax on crude.

-- Varun Beverages ends six percent higher on strong December earnings report.

-- ITC ends higher on quarterly numbers and above estimate cigarette volume growth

-- Marico rises over two percent on in-line December quarter and positive management commentary

-- Market breadth favours advances, advance-decline ratio at 1:1

Feb 6, 2023 3:37 PM

Rupee Close | Rupee ends higher at 82.73 vs dollar

Feb 6, 2023 3:36 PM

Share Market Update | IEX January Update

-- Overall volumes at 8,639 million units, up two percent month-on-month

-- Electricity volumes at 8,245 million units, up four percent month-on-month and up nine percent year-on-year

-- Real-time electricity market volume at 2,102 million units, up 33 percent year-on-year

Feb 6, 2023 3:20 PM

Stock Market Update | Regulations regarding composite licence still evolving, says Star Health

Star Health and Allied Insurance Company is planning to foray into life insurance business with focus on protection products. For the same, the health insurance firm is likely to apply to Insurance Regulatory and Development Authority of India (IRDAI) for composite insurance license. Once approval is given, the firm will be able to look at creating complimentary product offering. (Read more)

Feb 6, 2023 3:07 PM

Share Market Update | Shankara Building Products reports quarterly numbers

-- Net profit at Rs 16.4 crore vs Rs 3.5 crore year-on-year

-- Revenue up 84.7 percent at Rs 1,080.4 crore vs Rs 585 crore year-on-year

-- EBITDA up 93.8 percent at Rs 29.2 crore vs Rs 15.1 crore year-on-year

-- Margin at 2.7 percent vs 2.6 percent year-on-year

Feb 6, 2023 2:56 PM

Stock Market Update | Government to oppose Hind Zinc buyout of Vedanta’s Global Zinc Assets

Govt to oppose Vedanta subsidiary Hind Zinc buyout of Vedanta’s Global Zinc Assets. Mines Ministry to raise objection in Hind Zinc AGM on Vedanta’s Global Zinc business buyout.

Feb 6, 2023 2:45 PM

Stock Market Update | Rajat Bose on Balrampur Chini Mills

"I would say that Balrampur Chini, if there were to be any kind of rally, one should exit because it won't cross Rs 382. Before that, it would actually go down once again to something like Rs 343-335 kind of range. So there is a possibility that it would fall," says Rajat Bose of rajatkbose.com.

Feb 6, 2023 2:42 PM

Stock Market Update | Adani promoters prepay $1.1 billion worth of loans 19 months ahead of maturity

Adani Group promoters have prepaid share-backed loans worth $1.1 billion on Monday, 19 months ahead of their maturity in September 2024. The prepayment will release pledge from three group companies - Adani Ports, Adani Green Energy and Adani Transmission. (Read more)

Feb 6, 2023 2:36 PM

Share Market Live | Reliance Industries and Ashok Leyland unveil hydrogen internal combustion engine powered truck at India Energy Week 2023

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Feb 6, 2023 2:33 PM

Share Market News | NCLT postpones HDFC Ltd & HDFC Bank merger hearing

Hearing postponed to 27th Feb 23 from earlier 3 Feb.

Feb 6, 2023 2:11 PM

Stock Market Update| Unichem Laboratories reports December quarter earnings

-- Net loss of Rs 63.9 crore vs loss of Rs 14.1 crore year-on-year.

-- Revenue down 3.5 percent at Rs 302.5 crore vs Rs 313.2 crore year-on-year.

-- EBITDA loss of Rs 42.8 crore Vs EBITDA profit of Rs 1.4 crore year-on-year.

Feb 6, 2023 2:06 PM

Stock Market News | Importance of the government converting Vodafone Idea's AGR dues into equity

The decision has been pending for over a year. The approval kept getting delayed on various issues like volatility in the stock price to promoters infusion of funds. A year later, the government has nodded in the affirmative to convert the dues into equity. (Read more)

Feb 6, 2023 1:13 PM

Nifty 50 | Adani Ports is the top Nifty 50 gainer

-- The shares are up 3.6 percent at 516.8 at this hour.

-- The shares have gained in only two sessions out of the last ten trading sessions.

Feb 6, 2023 12:53 PM

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