MARKET WRAP: Sensex ends 255 pts higher; financial, metal stocks advance

All that happened in the markets today

10:19 AM

Infosys' valuation gap with TCS set to narrow further after strong Q2 show

After a strong September quarter performance and higher revenue and margin guidance by Infosys, the valuation gap between India’s second-largest information technology (IT) services company and market leader Tata Consultancy Services (TCS) is expected to be bridged further. The valuation gap — at 30 per cent at the start of calendar year 2020 (CY20) — has come down to 15 per cent. READ MORE

10:13 AM

Rupee opening

Rupee opens lower at 73.43/$ vs Thursday's close of 73.38 against the US dollar

10:09 AM

HCL Tech Q2 net profit up 18.5% at Rs 3,142 cr; revenue rises 6.1%

IT firm HCL Technologies on Friday posted 18.5 per cent rise in September quarter net profit at Rs 3,142 crore. The IT major had registered a net profit of Rs 2,651 crore in the July-September 2019 quarter (as per US GAAP), HCL Technologies said in a regulatory filing. READ MORE 

10:00 AM

UPL dips 9% post resignation of auditors of material arm based in Mauritius

Shares of UPL slipped 9 per cent to Rs 458.85 on the BSE in the early morning trade on Friday after KPMG resigned as the auditor with effect from October 8 for the company’s material arm in Mauritius - UPL Corporation, in order to re-organise the Audit Process to improve productivity, at the request of the company. “This is to inform you that the company has received the attached communication dated 14th October, 2020 from UPL Corporation Limited, Mauritius, a material subsidiary of the Company,” UPL said in an exchange filing on Thursday after market hours. READ MORE

9:52 AM

MARKET UPDATE:: Sensex climbs off day's high

9:47 AM

SECTOR WATCH:: AC makers gain as govt bans import of ACs with refrigerants

COMPANY NAME	LATEST	HIGH	LOW	CHG(%)
BLUE STAR	636.90	640.00	629.00	3.89
JOHNSON CON. HIT	2273.00	2278.60	2194.05	3.60

9:42 AM

NEWS ALERT :: HCL Tech declares Interim Dividend of Rs 4 per equity share of Rs 2 each for FY21

>> The Record date of October 24, 2020 fixed for the payment of the aforesaid interim dividend has been confirmed by the Board of Directors. The Payment date of the said interim dividend shall be November 9, 2020

9:38 AM

Sept Auto Data :: Domestic passenger vehicle sales up 26.45% YoY, says SIAM

>> Domestic passenger car sales improve 28.92% YoY

>>  2W sales jump 11.6% YoY to 18.49 lakh units

9:35 AM

IDBI Bank leaps 9% on reports govt fast-tracks divestment plan

9:29 AM

UPL cracks 9% on auditor's resignation

>> KPMG, Mauritius has resigned as the auditor of UPL Corporation Limited w.e.f. 8 th October, 2020

9:27 AM

Voltas advances 3% on ban of AC imports

9:26 AM

Cyient gains 3% post healthy Q2 nos

>> The company on Thursday reported a 14.8 per cent decline in its consolidated net profit at Rs 83.9 crore for September 2020 quarter. It had posted a net profit of Rs 98.5 crore in the year-ago period.

9:25 AM

Amber Enterprises soars over 8% as Govt bans import of refrigerants

9:21 AM

Result Impact | Mindtree up 1% on in-line nos

>> IT services firm Mindtree posted a net profit of Rs 253.7 crore, a jump of 87.9 per cent year-on-year (YoY) and 19.1 per cent sequentially, in the September quarter (Q2) of FY21. Its revenues remained flat YoY at Rs 1,926 crore and it witnessed a marginal 1 per cent gain sequentially.

9:20 AM

HCL Technologies gains 1% post Q2 nos