DLF added 1.30% to Rs 351.05 after the company announced that its latest luxury high-rise residence 'The Arbour' had witnessed pre-formal launch sales worth more than Rs 8,000 crore, in three days.

DLF gains in trade after Gurugram project sees robust sales

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ICICI Prudential Life Insurance Company gained 4.85% to Rs 402.50 after the life insurer announced that Anup Bagchi will replace N. S. Kannan as managing director (MD) and chief executive officer (CEO) effective from 19 June 2023.

ICICI Prudential jumps on appointing Anup Bagchi as MD & CEO

Patel Engineering (PEL) jumped 2.62 % to Rs 14.86 after the company along with joint venture partner were declared as lowest bidder (L-1) for two micro irrigation projects worth Rs 1,265 crore in Madhya Pradesh and Karnataka.

Patel Engg jumps on emerging lowest bidder for micro irrigation projects


The key equity indices pared all the losses and traded with minor gains in mid-morning trade. The Nifty traded near the 17,000 level after hitting the day's low of 16,850.15 in the morning trade. Media, consumer durables and pharma stocks advanced while metal, IT and private bank shares corrected. Trading was volatile due to expiry of weekly index options on the NSE.


Indices trade with minor gains, Sensex gains 147 pts

Water Resources Department, Government of Madhya Pradesh and Visvesvaraya Jala Nigam (VJNL) respectively have declared a Mumbai based infrastructure company, Patel Engineering (PEL) as L1 for a Rs.998.75 crore contract for the works including survey, investigation, designing, and construction of SHER Dams (4 No. of Dams) with all ancillary works including rising / gravity main and pipe distribution network works in the State of Madhya Pradesh (Sher Irrigation Project) and a Rs.266.38 crore contract for the works including Survey, Design, Supply, Installation, Testing and Commissioning of Micro Irrigation System under Tumkur Branch Canal Package - III in the State of Karnataka (Tumkur Branch Canal project). 

Patel Engineering JV declared L1 for two irrigation projects in Madhya Pradesh

Board of ICICI Prudential Life Insurance Company approves change in MD & CEO


The benchmark indices pared some losses and traded with minor cuts in morning trade. The Nifty traded above the 16,900 mark after hitting the day's low of 16,850.15 in the morning trade. Media, FMCG and consumer durables stocks were in demand while metal, bank and IT shares corrected .


Indices trim some losses, metal stocks tumble

The offer received bids for 9.46 crore shares as against 77.49 lakh shares on offer.

Global Surfaces IPO ends with good subscription

India's Coal Production Up To February 2023 At 785.24 Million Ton

Orient Paper and Industries rose 1.53% to Rs 37.85 after the company's board approved capital expenditure aggregating to Rs 475 crore for modernization/debottlenecking of its manufacturing facility at Amlai, Madha Pradesh.

Orient Paper gains after board OKs capex worth Rs 475-cr

Samvardhana Motherson International Ltd saw volume of 239.5 lakh shares by 10:46 IST on BSE, a 46.96 fold spurt over two-week average daily volume of 5.10 lakh shares

Volumes jump at Samvardhana Motherson International Ltd counter

Paisalo Digital advanced 2% to Rs 57 after Canara Bank approved a disbursal of Rs 75 crore as term loan for 5 years to the company for onward lending.

Paisalo Digital rises after Canara Bank disburses term loan of Rs 75 crore for onward lending

Shriram Finance added 1.16% after the NBFC announced that its allotment committee-NCDs approved and allotted non-convertible debentures (NCDs) under two options, on private placement basis.

Shriram Finance rises on allotment of NCDs worth Rs 135 cr



India's overall exports (Merchandise and Services combined) in April-February 2022-23 is estimated to exhibit a positive growth of 16.18 per cent over the same period last year (April-February 2021-22). As India's domestic demand has remained steady amidst the global slump, overall imports in April-February 2022-23 is estimated to exhibit a growth of 19.93 per cent over the same period last year. 

India's Exports Projected To Grow At 16.18% During April-February 2022-23

Patanjali Foods dropped 4.27% to Rs 919.90 after stock exchanges freeze shares of the company's promoter groups for not complying with the regulator's minimum public shareholding norms.

Patanjali Food drops after bourses freeze promoter shares

FMCG stocks were trading with gains, with the S&P BSE FMCG Sector index increasing 0.46 points or 0% at 16031.73 at 09:46 IST.

FMCG stocks rise

Consumer Durables stocks were trading in the positive zone, with the S&P BSE Consumer Durables index rising 140.46 points or 0.38% at 37312.03 at 09:46 IST.

Consumer Durables shares gain


The Reserve Bank of India (RBI) and the Central Bank of the United Arab Emirates (CBUAE) signed a Memorandum of Understanding (MoU) in Abu Dhabi, to enhance cooperation and jointly enable innovation in financial products and services. Under the MoU, the two central banks will collaborate on various emerging areas of FinTech, especially Central Bank Digital Currencies (CBDCs) and explore interoperability between the CBDCs of CBUAE and RBI. CBUAE and RBI will jointly conduct proof-of-concept (PoC) and pilot(s) of bilateral CBDC bridge to facilitate cross-border CBDC transactions of remittances and trade. This bilateral engagement of testing cross-border use case of CBDCs is expected to reduce costs, increase efficiency of cross border transactions and further the economic ties between India and UAE. The MoU also provides for technical collaboration and knowledge sharing on matters related to Fintech and financial products and services.


RBI and Central Bank of the UAE sign MoU to promote innovation in financial products and services

Sarda Energy & Minerals said that the Chhattisgarh Environment Conservation Board (CECB), Raipur has granted the consent to operate under water and air for expansion of rolling mill capacity.

Sarda Energy gets CECB nod for rolling mill capcacity expansion

Hindalco Industries Ltd has lost 11.21% over last one month compared to 6.06% fall in S&P BSE Metal index and 6% drop in the SENSEX

Hindalco Industries Ltd Slips 4.95%, S&P BSE Metal index Shed 3.14%

JSW Energy announced that its board has approved the allotment of non convertible debentures (NCDs) aggregating to Rs 250 crore on private placement basis.

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