Samvat 2079: Sensex up 525pts; logs best Muhurat-day gain in 14 years

Muhurat Trading Session Wrap: Financial shares led by ICICI Bank, HDFC twins top gainers chart. Nestle, L&T also up smartly, while Hindustan Unilever sheds 3 per cent.

6:51 PM

Major Sensex movers:: ICICI Bank, HDFC twins contribute nearly 50% gains

6:46 PM

China's billion-dollar cash-for-copper trade grinds to a halt

China’s bonded copper stockpile (so called because metal there is held “in bond,” before import duties have been paid) first came to the world’s attention in the wake of the global financial crisis. When copper prices slumped, Chinese traders bought up all the metal they could find — thanks to Beijing's massive stimulus plan — making copper the leading indicator of the global economic recovery. READ MORE

6:43 PM

What five factors will drive markets in Samvat 2079?

Analysts believe financial markets may see volatility due to the threat of recession in western countries in the days to come. Here’s a look at the key factors that may shape the markets this Samvat WATCH VIDEO HERE

Photo: Bloomberg

6:41 PM

Nomura on MphasiS

We lower our FY23-24F EPS by ~4% due to near-term growth headwinds and cut our target price to Rs 2,010 (vs Rs 2,110 earlier), based on an unchanged 20x FY24F EPS. Our target multiple is based on a 3-stage growth model discussed in our sector report . The stock is trading at 21x FY24F EPS. Key risks are weaker-than-expected revenue growth and margin improvement.

6:40 PM

ICICI Bank gains 2% post Q2 results

The private sector lender reported a 37 per cent YoY jump in net profit to Rs 7,558 crore in July-September (Q2FY23) quarter, aided by lower provisions and higher net interest income (NII), supported by healthy loan growth. READ MORE

 

6:39 PM

Puravankara's Apr-Sept sales bookings up 43% to 1,306 crore

Bengaluru-based realty firm Puravankara Ltd's sales bookings have risen 43 per cent to a record Rs 1,306 crore during April-September period of this fiscal year on better housing demand READ MORE

(Photo: Bloomberg)

6:36 PM

Axis Bank extends rally, stock hits new 52-week high

6:32 PM

Broader indices more or less gain in tandem with benchmark Nifty 50

6:29 PM

Nifty 50 Top gainers: HDFC, L&T, Nestle India shine

6:22 PM

Financial shares, L&T top gainers among Sensex 30; HUL slips 2.5%

6:21 PM

Nifty atop 17,750, up nearly 200 points

6:19 PM

Sensex up over 600 points in early deals, nears 60,000-mark

6:07 PM

L&T, Bajaj twins top gainers in pre-open trade among Sensex 30

6:04 PM

Sensex up 570 points in pre-open deals

6:02 PM

Credit Suisse to pay $234 million to settle French tax fraud case

French prosecutors said Monday that Credit Suisse has agreed to pay 238 million euros (USD 234 million) to settle tax fraud allegations, the latest blow for the embattled Swiss bank. READ MORE