Sensex ends subdued day 235 pts up, Nifty swings above 18,200; SBI leaps 3%
CLOSING BELL: The Nifty PSU Bank index sharply outperformed other indices as it gained 4.5 per cent
1:26 PM
Market Check:: Sensex near lows of the day, down over 500 points from the high
1:17 PM
BSE 500:: Top gainers so far
Rail Vikas Nigam up 9.7 per cent was the top gainer among the BSE 500 stocks so far on Monday. It was followed by Britannia Industries, JM Financial, Bank of Baroda and Bombay Burmah, up 7 - 9 per cent each. VIEW MORE
1:08 PM
News Alert: Mangalore Chemicals successfully commissions Ammonia Energy Improvement project
Mangalore Chemicals & Fertilizers on Monday announced that it successfully commissioned the Ammonia Energy Improvement Project at a cost of Rs 400 crore, and is expected to deliver significant improvement in the bottom line.
12:58 PM
Auto sales up 48% in Oct; all vehicle segments gain in festive season: FADA
“With most of the month under festive period, the sentiments were extremely positive across all categories of dealership outlets. Even when compared to pre-covid month of 2019, overall retails for the first time closed in green by growing 8 per cent,” said Manish Raj Singhania, FADA’s president. READ MORE
12:46 PM
Stock of this state-run shipbuilder has zoomed nearly 100% in last 6 weeks
At 12:23 pm; MDC was trading 2.4 per cent higher at Rs 800 vs a 0.02 per cent gain in the Sensex benchmark index. A combined 7.2 million shares had changed hands on the counter on the NSE and BSE till this time. READ MORE
12:37 PM
Vodafone may have to raise tariffs to meet a Rs 6,400 cr shortfall by Sept
According to the company, it has to pay around Rs 9,600 crore of debt by September next year, but the gross cash balance until September 2022 was just Rs 200 crore. The telco needs cash to roll out its 5G services and also invest in the existing 4G network to remain afloat against its rivals Jio. READ MORE
12:26 PM
TVS Motor outperforms two-wheeler peers Hero, Bajaj in Sept quarter
Riding on an improved show across all parametres, TVS Motor (TVS) outperformed its larger two-wheeler peers Hero MotoCorp (Hero) and Bajaj Auto (Bajaj) in the September (Q2FY23) quarter. READ MORE
12:15 PM
Marico slips 7% after profit drops 3% YoY to Rs 307 crore in Q2FY23
Earnings before interest, taxes, depreciation, and amortization (EBITDA) margin, meanwhile, contracted 17 basis points (bps) YoY at 17.3 per cent. Gross margin, however, expanded 115 bps YoY, but was lower sequentially, due to consumption of higher inventory cost of raw materials and adverse impact of depreciating currencies in select international markets. READ MORE
11:58 AM
Q2 Impact: SBI, BoB may see another 25% upside, UCO Bank 50%, hint charts
SBI hit life-time high, while Bank of Baroda registered a new 52-week high in trades on Monday after the banks reported strong Q2 earnings over the weekend. Here's what the charts indicate ahead. READ MORE
11:46 AM
BankBazaar to turn profitable in FY23; to go for IPO by next calendar: CEO
In the second quarter of FY23, the company registered 85 per cent year-on-year growth in its top line, clocking a revenue of Rs 170 crore. Company's credit card sales were up by 115 per cent in Q2. READ MORE
11:30 AM
Q&A :: India in a sweet spot despite global fears of recession, says IDFC AMC CEO
While most countries are facing rising recession fears, India is in a sweet spot. Several indicators point to a relatively strong GDP and earnings growth outlook over the next three to five years. READ INTERVIEW HERE
11:17 AM
The bogey of Oct Effect: 'Month of market crashes' spooks trading community
This line ‘October: This is one of the peculiarly dangerous months to speculate in stocks’ is often referred to when the stock market reports slower returns in the month of October — often striking fear that a downturn is on the horizon when the autumn weather begins to roll in. READ MORE
11:15 AM
upGrad to invest $30 mn to launch 10 global campuses in US, India next year
Under a new brand name 'UGDX', the company said it will open three campuses in the US (the San Francisco unit), five in India (Delhi and Chennai) and one each in Singapore and Middle-East. Read here
11:05 AM
Strong Q2 results drive earnings, target price upgrades for SBI, BoB
. Analysts see up to 35.5 per cent and 27 per cent upside in SBI and BoB's stock, respectively from a one-year perspective. Both banks had announced their respective Q2-FY23 numbers on Saturday. READ MORE
10:52 AM
Adani Enterprises storms into top-10 most-valued firms club; stock soars 3%
At 10:06 am, with a market-cap of Rs 4.52 trillion, Adani Enterprises stood at 9th position in the overall market-cap ranking, the BSE data showed. Read more
Topics : Sensex Inflation MARKET LIVE MARKET WRAP Nifty Indian markets FII flows Brent crude oil Q2 results Buzzing stocks stocks to watch sbi Paytm BPCL Divi's lab BSE NSE Global Markets SGX Nifty Indian equity markets
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First Published: Nov 07 2022 | 8:08 AM IST