Sensex recoups 350pts from day's low, ends flat; Nifty holds 18K; SBI up 2%

CLOSING BELL: IT, Power stocks logged significant losses, even as select financial stocks gained.

4:13 PM

IPO Update :: Global Health subscribed around 20% so far on Day 1

4:11 PM

IPO Update :: Bikaji Foods subscribed 48% till 4 PM on Day 1

4:09 PM

IPO Update :: Fusion microfinance subscribed only 23% on Day 2

4:06 PM

COMMENT :: What all happened in the markets today?

Fed’s refusal to tone down the rate hike narrative shattered the global markets as investors were in expectation of a dovish commentary. Powel cautions that the desired fed rate level is higher than expected, even though he indicated a rate hike of less than 75 bps in the upcoming meetings. On the back of concerns about the US recession, IT stocks led the domestic selloff, while FII support helped limit the losses.

Views by: Vinod Nair, Head of Research at Geojit Financial Services

4:04 PM

Commodity Heatmap :: Silver falls 2.5%, Gold 1%

4:01 PM

Bond Market :: Yields on 10-year G-Sec rise 1%

4:00 PM

Currency check :: Rupee weakens further; ends at 82.89/$

>> This is against Wednesday's close of 82.79/USD

3:58 PM

Buzzing stock :: Tata Motors DVR plunges over 9%; TaMo 1%

3:57 PM

Buzzing stock :: Indigo Paints ends sharply higher; Profit zooms 174% YoY

>> Operating income rises 24% YoY to Rs 243 crore

>> Gross profit margin flat YoY at 41.7%

>> Ebitda increases over 44% YoY to Rs 34 crore

>> PAT at Rs 37 crore

3:52 PM

Buzzing stock :: HDFC slips marginally as Q2 result comes in-line

Mortgage lender HDFC Ltd on Thursday said its consolidated net profit increased by 24 per cent to Rs 7,043 crore in the September 2022 quarter. It had reported a Rs 5,670 crore net profit in the year-ago period, HDFC said in a regulatory filing. READ MORE
 

3:49 PM

Buzzing stock :: Relaxo hits 52-week low, recovers partially later

Shares of Relaxo Footwears hit a 52-week low of Rs 908 on declining 7 per cent in Thursday’s intra-day trade owing to weak September quarter results. The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) margins declined to 8.9 per cent, down 445 bps year-on-year (YoY) and 400 bps on quarter-on-quarter (QoQ), due to higher raw material cost. READ MORE

3:47 PM

Buzzing stock :: M&M Financial Services leaps 13.5% post Q2

Shares of Mahindra & Mahindra Financial Services (Mahindra Finance) surged 13.5 per cent after the company reported healthy business growth in September quarter (Q2FY23), with disbursement up 83 per cent year-on-year (YoY) and 25 per cent sequentially at Rs 11,824 crore. READ MORE

3:44 PM

Buzzing stock :: Cochin Shipyard cools off after hitting all-time high intra-day

Shares of Cochin Shipyard (CSL) hit an all-time high of Rs 616.6 after it rallied 6 per cent on the BSE in Thursday’s intra-day trade in an otherwise subdued market on the back of heavy volume. In the past two trading sessions, the stock of the shipbuilding company has surged 12 per cent. READ MORE

3:41 PM

Sectoral trends :: PSBs shine in a weak market; all constituents end in positive zone

3:39 PM

Sectoral trends :: IT index sheds 1%; Tech M, Mphasis fall 2% each

3:37 PM

Sectoral trends :: IT, metal indices slip; PSU Bank index shine

3:35 PM

Broader indices end mixed; BSE MidCap outruns large, smallcaps

3:34 PM

Sensex Heatmap :: 16 of 30 index constituents end in red; Tech M, Power Grid top laggards

3:33 PM

CLOSING BELL :: Nifty holds 18,000 despite weak global cues

3:31 PM

CLOSING BELL :: Sensex ends choppy trade less than 100 pts down

3:24 PM

Global Check:: US stock futures marginally in red a day after massive fall

Source: Investing.com

3:14 PM

SBI gains 2% to hit a new high ahead of Q2FY23 results

Shares of State Bank of India (SBI) surged 2 per cent to hit a new high of Rs 587.9 per share in Thursday’s intra-day trade, ahead of the July-September quarter results (Q2FY23). READ MORE

3:06 PM

Earnings Alert: SRF Q2 net jumps 41%; stock rebounds

SRF today reported a 40.9 per cent jump in Q2 net at Rs 439.15 crore for Q2Fy23 as against Rs 311.70 crore in Q2FY22. Total income was up 30.5 per cent at YoY Rs 3,012.74 crore.

2:56 PM

'Not receiving any instructions from Vijay Mallya', lawyer tells SC

Fugitive businessman Vijay Mallya's lawyer, facing extradition, told the Supreme Court on Thursday that he has been incommunicado for a long time and requested the court to discharge him. READ MORE

2:47 PM

YES Bank to transfer Rs 48,000 cr stressed loans to JC Flowers by end Nov

YES Bank will transfer Rs 48,000 crore of stressed loans to asset reconstruction company JC Flowers by the end of November, said Prashant Kumar, the private lender’s managing director and chief executive officer. READ MORE

2:44 PM

Sept Quarter Results :: HDFC Q2 profit rises 18% YoY to Rs 4,454 crore

>> NII up 13% YoY to Rs 4,639 crore

>> Individual Gross NPA at 0.91% vs 0.98% (QoQ)    

 

>> Non-individual Gross NPA at 3.99% vs 4.44% (QoQ) 

  

>> Gross NPA at 1.59% Vs 1.78% (QoQ)   

2:34 PM

Adani Wilmar's profit plunges on back of cost rise, soft rural demand

India's Adani Wilmar reported a 73% slump in second-quarter profit on Thursday, as the Fortune cooking oil maker reeled under dull demand from rural areas and wrestled with industry-wide input cost inflation. READ MORE

2:20 PM

Earnings Alert: HPCL Q2 net loss at Rs 2,172 cr v/s profit of Rs 1,923 cr

Hindustan Petorleum today reported a net loss of Rs 2,172 crore for the quarter ended September 2022 as against a net profit of Rs 1,923 crore in the corresponding quarter a year ago. Total income, however, was up 29.7 per cent YoY at Rs 1,14,453 crore.

2:12 PM

BSE 500:: Top losers so far

Tata Motors-DVR down 9.4 per cent was the top loser among the BSE 500 stocks. KSB, Voltas, Relaxo Footwears and Aavas Financiers were the other significant losers so far.

2:01 PM

Results Alert: Jindal Stainless Q2 net up 48% YoY