F&O expiry: Sensex rises 213 pts, Nifty holds 17,750; metals rally, IT slip

CLOSING BELL: Tata Steel, Power Grid, Sun Pharma, Axis Bank, Bharti Airtel, Kotak Bank, M&M, HDFC, Dr Reddy's Labs, and Titan were the leading winners

10:31 AM

Nifty Realty rises 1% led by Phoenix Mills, IB Realty

10:24 AM

Amber Enterprises hits 52-week low; sheds 9% in four days post Q2 loss

The stock also fell below its previous low of Rs 2,029.80, touched on June 20, 2022. The market price of the company has halved or tanked 50 per cent from its 52-week high of Rs 4,023.65 on May 2, 2022. READ MORE

10:15 AM

Profit-booking in IT stocks; L&T Infotech slips 2%

10:08 AM

Gland Pharma plunges 13%, hits 52-week low on disappointing Q2 results

The consolidated revenue from operations during the period under review stood at Rs 1,044 crore, as against Rs 1,080 crore in the year-ago period. The company said its revenue from its core markets of the US, Europe, Canada and Australia grew by 3 per cent to Rs 747 crore in Q2FY23, as against Rs 722 crore in Q2FY22. READ MORE

9:57 AM

Commodity Corner :: MCX Crude Oil resistance seen at Rs 7,435; Natural Gas faces Rs 515-hurdle

On the downside, the MCX Crude Oil futures have near support at Rs 7,111 and Rs 7,039 levels. Meanwhile, Natural Gas futures likely to get considerable support around Rs 486. READ MORE

9:46 AM

COMMENT :: 'There is a near-term under current of risk-on in equity markets'

>> There is a near-term under current of ‘risk-on’ in equity markets globally triggered by expectations that the central banks will start moderating their rate hikes.

>> The cue has come from Canada where their central bank raised rates only by 50 bp against expectations of 75 bp. Markets expect the Fed to moderate rate hikes starting December. Consequently the dollar index has fallen below 110, and the 10-year US bond yield has dipped to 4.03%.

>> This might nudge FPIs to turn buyers imparting strength to the market.

>> Nifty’s recent range of 17,500-17,800 looks set to be decisively broken on the upper end today. 

Views by: V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services 

 

9:42 AM

Crompton Greaves CE flat in a firm market on steady topline in Q2

>> The company reported a 17.7 percent decline in its consolidated net profit to Rs 130.7 crore for the quarter ended September. Revenue from operations rose 22.7 percent to Rs 1,699.5 crore against Rs 1,385.12 crore in the year-ago period.

9:40 AM

Hero Moto flat post partnership with Terrafirma Motors Corporation

>> The two-wheeler maker announced its plans to enter the Philippines for which it has partnered with Terrafirma Motors Corporation for assembly and distribution of its vehicles.

9:37 AM

Century Textiles' profit soared 59% YoY in Q2; stock up over 3%

>> The company clocked 59.38 per cent rise in consolidated net profit at Rs 69.97 crore in Q2FY23 from Rs 43.9 crore in Q2FY22. Total income from operations, too, rose to Rs 1,242.11 crore from Rs 1,034.27 crore in the corresponding period of the previous year.

9:35 AM

Gland Pharma plunges 12% on weak Q2 numbers; Profit fell 20%, revenue flat

>> The company saw 20.1 per cent decline in consolidated net profit to Rs 241.2 crore in Q2FY23 from Rs 302.08 crore, in the year-ago quarter. The consolidated revenue from operations was flat at Rs 1,044.4 crore in Q2FY23 from Rs 1,080.4 crore in Q2FY22.

9:33 AM

IIFL Finance surges 5% as PAT rises 36% YoY in Q2

>> The company reported 36 per cent rise in consolidated net profit at Rs 397 crore in Q2FY23 from Rs 292 crore, in the year-ago period. Total income, too, climbed to Rs 2,051.4 crore in Q2FY23 from Rs 1,713.3 crore in Q2FY22.

9:31 AM

Dabur gains about 1% post Q2 results; Co to acquire 51% stake in Badshah Masala

>> The company announced that it has acquired a 51 percent stake in Badshah Masala for Rs 587.52 crore, marking its entry in the spices and seasoning category.

>> Dabur India Ltd on Wednesday reported a 2.85 per cent YoY decline in its consolidated net profit to Rs 490.86 crore for Q2FY23. However, its revenue from operations rose 6 per cent to Rs 2,986.49 crore.
 

9:27 AM

Zee Entertainment rises marginally on plans to sell 3 channels

>> Sony India and Zee Entertainment plan to sell three Hindi channels like Big Magic, Zee Action, and Zee Classic to address anti-competitive concerns that arise out of their proposed merger. 

9:24 AM

Broader market check :: Mid-, small-caps rise in tandem with benchmarks

9:23 AM

Sector Open :: All indices open higher; metals lead