Sensex slips 391 pts, Nifty holds 17K ahead of US CPI data; Wipro cracks 7%

CLOSING BELL: The NSE Nifty 50 swung wildly in a range of 17,112 to 16,957 as the weekly F&O expiry was in focus. The index finally settled with a loss of 107 points at 17,017 .

12:04 PM

Results preview: Strong operational show to drive Q2 for auto firms

At an aggregate level, net profit at auto firms (excluding Tata Motors) is estimated to increase by a fourth for the July-September quarter over a year ago to Rs 6,388 crore, according to Bloomberg’s earnings estimate.

 

Net profit is expected to rise 7.4 per cent quarter-on-quarter with the underlying recovery. Net sales are also expected to go up 17 per cent year-on-year (YoY) on the back of good volume run. READ MORE

11:56 AM

Contra bets in HCL Tech and Wipro could give up to 20% gains; Here's why

If Wipro fails to defend the 200-WMA placed at Rs 378, the stock can slide to near Rs 300-mark. On the other hand, HCL Technologies seems to be on course to test Rs 1,200. READ MORE

11:45 AM

Pennar Industries spikes over 6% after the firm bags orders worth Rs 1,167 crore

11:40 AM

Hindustan Unilever cuts prices of soaps, detergents after 2 years of hikes

Growth in volumes in the recent past was affected due to a significant surge in product prices. READ MORE

11:30 AM

Bajaj Auto Q2 preview: Ebitda may rise up to 34% YoY, margins seen flat

Bajaj Auto Q2: Brokerages tracking the company expect it to report a double digit sequential growth in net profit on the back of healthy volume-based sales during the quarter. READ MORE

11:23 AM

MARKET CHECK: Sensex at day's low, down 450 points

11:15 AM

Astec Lifesciences hits record high in a weak mkt; stock up 24% in 3 days

The stock of pesticides & agrochemicals company surpassed its previous high of Rs 2,178.85, which it had touched on July 20, 2022. READ MORE

11:06 AM

Indian markets are in midst of global quagmire: Harendra Kumar, Elara Sec

Equity markets are in a state of suspended animation - it is conflicted on which way to move. While global markets, and the rupee are flashing red signs, India is holding up due to its 'Atmanirbharta. READ MORE

10:57 AM

Nifty Bank declines 1%, losses led by BoB, HDFC Bank

10:51 AM

High food price-led inflation worrisome for markets, policymakers: Analysts

High inflation will keep the markets on edge as they were hoping that the global central banks, especially the US Fed and the RBI will go soft on rate hikes over the next few months. READ MORE

10:41 AM

Adani Wilmar falls 4% on low single digit revenue growth guidance for Q2

The company, however, remains optimistic on their brand equity, and is hopeful of sequential improvement in demand trends with easing retail inflation and good monsoon. READ MORE

10:36 AM

YES Bank declines 1% despite CARE Ratings upgrade outlook to 'positive'

10:30 AM

Paint stocks volatile on steady brent price at $92 per barrel

10:25 AM

Vedanta climbs 1% after the firm received shareholders' nod to rejig capital

10:18 AM

AU SFB slips 1% after the lender hikes FD rates up to 60bps