Sensex jumps 685pts, Nifty ends near 17,200; Infosys, HDFC, HDFC Bank shine

CLOSING BELL: A sharp pull-back in the US overnight triggered the relief rally in our markets on Friday. Benchmark indices however pared gains in the latter half of the trading day.

12:03 PM

HDFC Bank Q2: Net profit could rise up to 21% YoY, NIM may expand

HDFC Bank Q2 preview: Given higher advances growth, and rise in lending rates, analysts believe margins are likely to be up around 10-15 basis points quarter on quarter. Read more

11:48 AM

Gold heads for weekly decline as fears of hefty US interest rate hikes loom

Growing anticipation of another oversized US Federal Reserve interest rate hike kept the bullion on track for a weekly decline. Read more

11:37 AM

This auto stock zoomed 54% in 2 weeks on 5 mn warrants issue to Vijay Kedia

Shares of Atul Auto continued its northward movement and surged 12 per cent to hit 52-week high of Rs 289.55 apiece in Friday's intra-day trade. Read here

11:26 AM

Tatas mull exit from UK steel business on lack of government support

Tata Sons is considering Tata Steel's exit from its UK operations because of the absence of support from the British government for transition to green energy. Read here

11:18 AM

MARKET CHECK | Small-caps, mid-caps hold slimmer gains vs benchmarks

11:05 AM

Shriram Group likely to submit EoI for privatisation of IDBI Bank

Entry of Shriram Group as a bidder, could set the stage for at least a two-way contest for IDBI Bank with Prem Watsa's Fairfax Financial also believed to be a contender. Read more

10:55 AM

India festival spending booms despite inflation worries, global slowdown

Online and offline sales during the Hindu festival period starting in the last week of September and lasting until early November are estimated to cross $27 billion. Read more

10:41 AM

Anand Rathi Wealth hits record high, soars 8% on strong Q2 results

Anand Rathi Wealth reported strong growth in asset under management (AUM) of 16 per cent YoY at Rs 35,842 crore. Read more

10:29 AM

Apollo Micro surges 10%; boards okays warrants issue up to Rs 185 crore

The company said it will issue 1.9 million warrants to Nexpact Limited, Mauritius and 1.2 million warrants to Maybank Securities Pte. Ltd. Read here

10:15 AM

Worsening inflation in US will pressure Fed to keep raising interest rates

Inflation in the United States accelerated in September, with the cost of housing intensifying pressure on households and ensuring that the Federal Reserve will keep raising interest rates. Read more

10:02 AM

Infosys surges 5%; Q2 earnings, Rs 9,300 cr share buyback lifts sentiment

The IT major has increased the lower end of the revenue guidance keeping upper end constant i.e. revenue guidance changed from 14-16 per cent to 15-16 per cent in constant currency terms. Read more

9:53 AM

Brightcom Group rallies 9%; board to meet on Oct 17

The board will meet to consider inorganic transaction with US-based digital audio firm.

9:48 AM

Power Mech up 2% on winning Rs 499 crore order

9:45 AM

EARNINGS IMPACT | Mindtree beats estimates, Q2 profit up 28%

9:41 AM

EARNINGS IMPACT | Anand Rathi Wealth also upbeat on 41% rise in profit