Sensex rises 203 pts, Nifty ends near 17,800; Maruti zooms 5%, RIL 3%

Stock market wrap: Reliance alone contributed 231 points to the 30-share benchmark. Maruti, M&M and NTPC were the other major gainers. The Metal and IT sector witnessed selling pressure.

2:50 PM

BSE 500:: Top weekly losers so far

Gland Pharma down 15 per cent was the top loser among the BSE 500 stocks in the last one week. Similarly, Nykaa, Schaeffler India, Dlhivery and Prince PPipes were the other major losers, down 9 - 13 per cent each.

2:39 PM

Maruti Suzuki Q2 profit up 4x to Rs 2,062 cr; logs record quarterly sales

Maruti Suzuki India, the country's biggest car marker, reported a standalone net profit of Rs 2,061.5 crore for the July-September quarter of fiscal 2022-23 (Q2FY23) as sales improved sharply on easing chip shortage. The profit jumped over four-fold, or 333 per cent, from last year's profit of Rs 475.3 crore. READ MORE

2:28 PM

Infy declares interim dividend; UK PM's wife Akshata to get Rs 64.27 cr

Software giant Infosys declared an interim dividend of Rs 16.50 per equity share for shareholders for 2022-23, while Akshata Murthy, wife of UK PM Rishi Sunak, will get a dividend of Rs 64.27 crore. READ MORE

2:18 PM

BSE 500:: Top weekly gainers so far

Infibeam Avenues up 21 per cent was the top gainer among the BSE 500 stocks in the last one week. Similarly, Tata Motors-DVR, IIFL Finance, Bank of India and SJVN were the other major gainers, up over 14 per cent each.

 

2:08 PM

Sept Quarter Results :: Maruti Suzuki reports standalone net profit of Rs 2,061.5 crore

>> Standalone revenue at Rs 29,931 crore

>> Standalone Ebitda at Rs 2,769 crore

>> Standalone Ebitda margin at 9.2% 

2:04 PM

Fairfax not exiting Bengaluru airport, has 'no interest' in selling stake

Fairfax is not selling its stake in Bangalore International Airport Limited (BIAL), said the firm owned by Canadian billionaire Prem Watsa in response to a media report that reported a deal for $1.5 billion. READ MORE

1:50 PM

Fusion Microfinance sets IPO price band at Rs 350-368 per share

Fusion Microfinance on Friday said it has fixed a price band of Rs 350-368 a share for its Rs 1,104 crore initial public offering (IPO). The initial share sale will open for public subscription on November 2 and conclude on November 4. The bidding for anchor investors will open on November 1, according to the company. READ MORE

1:36 PM

Analysts cut earnings estimate, target price on SBI Card post weak Q2 show

SBI Card has underperformed its peers amid company-specific/sector issues pertaining to market share, revolver share, and merchant discount rate (MDR)-related challenges READ MORE

1:22 PM

Flying high! SBI, BoB, Canara Bank poised for up to 18% rally, charts show

State Bank of India (SBIN)

 

Likely target: Rs 625

 

Upside potential: 10%

 

When viewed from a broader perspective, the stock seems to have absorbed all the selling pressure predominated in the range of Rs 560 to Rs 530 level on the monthly chart. The stock struggled to surpass this range since past one year. READ MORE

1:13 PM

Audio gear, wearable tech firm boAt raises $60 mn, defers IPO plan

“We now want to make smartwatches our second core and will replicate the boAt digital playbook to become global leaders in this category as well. The new funding will allow us to invest significantly to disrupt the smart watches space with more innovative products,” said Aman Gupta, co-founder and chief marketing officer of boAt, in a company statement. READ MORE

1:01 PM

Retail portion of NHAI InvIT to rise going ahead, says Nitin Gadkari

The minister was addressing a gathering at BSE after listing the second tranche of the NHAI Infrastructure Investment Trust (InvIT) and NCD, which earlier this month raised Rs 1,430 crore and the issue was oversubscribed nearly seven times. READ MORE

12:49 PM

HPL Electric zooms 50% in 1 month on robust order book, revenue visibility

HPL Electric is manufacturing a diverse portfolio of electric equipment, including metering solutions, switchgear, lighting equipment and wires and cables, catering to consumer and institutional customers in the electrical equipment industry. HPL had the largest market share in India's electricity energy meters market, with one of the most comprehensive portfolios of meters in India. READ MORE

12:40 PM

BSE 500 :: Top losers in trades so far

SBI Card, FSN E-Commerce, SAIL, Delhivery tank up to 5 per cent.
 

12:31 PM

BSE 500:: Top gainers so far

Infibeam Avenues nearly 20 per cent was the top gainer among the BSE 500 stocks so far on Friday. It was followed by Narayana Hrudayala, Honeywell Auto, Aegis Logistics and Dhanuka Agritech, gaining up to 8 per cent each.

12:25 PM

Asian Markets Update:: Hang Seng slumps 4%; Shanghai down 2%

Source: Yahoo Finance