Sensex rises 96 pts after range-bound trade; Pvt banks weak, IT strong

CLOSING BELL: Meanwhile, the rupee will fall further against the US dollar over the rest of the year, a Reuters poll showed. It slipped to a record low of 83.21 today, and ended at 82.75/$

3:24 PM

HUL Q2 preview: Revenue may climb up to 21% YoY in Q2FY23, say analysts

FMCG giant Hindustan Unilever (HUL) is expected to clock revenue growth in the range of 11-21 per cent year-on-year (YoY) at Rs 15,396 crore in the July-September 2022 quarter (Q2FY23), buoyed by home care and personal segment, said analysts. The company is due to report Q2-FY23 numbers on Friday, October 21. READ MORE

3:14 PM

Global Check:: US, UK stock futures trade on a flat note

Source: Investing.com

3:03 PM

Canara Bank Q2 profit jumps 89% to Rs 2,525 cr, asset quality improves

Canara Bank reported on Thursday an 89 per cent jump in net profit to Rs 2,525 crore in July-September (Q2 FY23), aided by higher net interest income that came on the back of a healthy growth in advances. READ MORE

2:54 PM

BSE 500:: Top losers so far

Schaeffler India down 6.5 per cent was the top loser among the BSE 500 stocks so far on Thursday. Tube Investments, PB Fintech, Johnson Con and AU Small Finance Bank were the other major losers, down over 5 per cent each.

2:44 PM

Rupee to drop further to 84.50 against dollar by year-end: Poll

The Indian rupee will fall further against the US dollar over the rest of the year, a Reuters poll on Thursday showed, setting up the currency for its steepest annual decline in at least nine years. READ MORE

2:38 PM

Oil prices rise on possible easing in China Covid quarantine measure

Oil prices gained around $1 on Thursday as investor sentiment rose on news that China is considering a cut in the duration of quarantine for inbound visitors. READ MORE

2:32 PM

Adani Transmission wins Rs 1,300-cr smart meter deal from Mumbai's BEST

Adani Transmission, a unit of the Adani Group, said on Thursday it has won a deal to install and maintain one million smart meters for Mumbai's BEST Undertaking. The deal value for the multi-year engagement has been pegged at nearly Rs 1,300 crore, according to sources. READ MORE

2:24 PM

Asian Markets Update:: Major indices in red; Hang Seng slips 1.4%

Source: Yahoo Finance

2:15 PM

Deepak Fertilisers rallies 6%, hits new high on strong demand outlook

Some of the key positives include strong growth prospects of the TAN business, high regulatory entry barriers, improving capacity utilisations, and a strong uptick in return ratios. READ MORE

2:06 PM

Just In:: Union Bank of India Q2 net rises 17.8% YoY to Rs 19,682 cr

Union Bank of India today reported 17.8 per cent YoY growth in Q2 net profit at Rs 19,682 crore for the quarter ended September 2022. Net Interest Income was up 2.6 per cent at Rs 8,305 crore, while NIM grew by 20 basis points.

1:58 PM

Cash-for-gold lender Muthoot Finance joins trend shunning new dollar debt

India’s largest cash-for-gold lender by market value plans to repay a $450 million bond later this month, but it isn’t in any rush to tap the offshore market again after yields surged this year. READ MORE

1:51 PM

Just In: Colgate Q2 net up 3.3% at Rs 278 crore

Colgate-Palmolive (India) reprted a 3.3 per cent growth in Q2 net profit at Rs 278.02 crore when compared with Rs 269.17 crore reported in a year ago period. Total income was up 2.9 per cent YoY at Rs 1,398.76 crore.

1:42 PM

Sept Quarter Result :: Asian Paints posts lower-than-expected PAT of Rs 803.8 crore

Profit up 33% YoY

>> Revenue at Rs 8,431 crore, up 19% YoY

>> Ebitda at Rs 1,201 crore, up 33% YoY

>> Ebitda margin at 14.2%, up 150 bps YoY

1:39 PM

Sensex 30 Heatmap:: IT, FMCG stocks shine; IndusInd Bank slumps 5%

1:30 PM

Steel prices fall 40% in last six months to Rs 57,000/ton: SteelMint

Steel prices fell about 40 per cent to Rs 57,000 a tonne in the domestic market over the last six months on subdued export orders in the wake of the 15 per cent export levy, according to SteelMint. READ MORE