Sensex drops 221 pts day ahead of RBI decision; Adani Ent up 15%, Paytm 5%

CLOSING BELL: Adani Enterprises (up 15 per cent), Dr Reddy's Labs, Adani Ports, Kotak Bank, IndusInd Bank, Bajaj Finance, Bajaj Auto, ONGC, JSW Steel, and Eicher Motors led the recovery

9:36 AM

JK Paper PAT more-than-doubles in Q3; stock gains 1%

The company reported its profit more than doubled in the third quarter, on the back of higher demand for copier papers and packaging boards from schools and offices post-pandemic. Its profit rose 119 per cent year-on-year to Rs 329.3 crore for Q3FY23, while revenue grew 60.5 per cent YoY to Rs 1,643 crore for the quarter.

9:34 AM

Dhampur Sugar Mills completes expansion of distillery capacity; stock up 2.6%

The company has completed expansion of its distillery capacity by 130 KLPD (kilo litre per day) on 'C' heavy molasses at Dhampur unit in Uttar Pradesh. With this expansion, the distillery capacity of the company stands at 350 KLPD.

9:32 AM

Adani Transmission zooms over 4% on 73% jump in PAT

The company posted a nearly 73 per cent jump in its consolidated net profit to Rs 478 crore in the December quarter of 2022-23 on the back of a one-time income gain and higher revenues.

9:30 AM

Hindalco slides over 2% on weaker-than-expected Q3

Novelis reported weaker-than-expected numbers with sales declining 3 per cent to $4.2 billion from $4.3 billion last year. Operating profit declined 33 per cent, hit by lower volumes, high inflation and tight scrap spreads. The management said things were bottoming out in the December quarter but did not give a fixed guidance. It also said it remains confident of reaching EBITDA per tonne of $500 - $525 per tonne by next year.

9:29 AM

Muthoot Finance down over 1% on 11% dip in Q3 net

India’s largest gold financing company in terms of loan portfolio, has posted an 11 per cent dip in consolidated net profit during the third quarter of 2022-23 to Rs 934 crore. The firm had posted a net profit of Rs 1,044 crore a year ago.

9:27 AM

Result Reaction :: Tata Steel declines over 3% on surprise Q3 loss

The company reported a consolidated net loss of Rs 2,223.84 crore in the December quarter (Q3FY23) on the back of a sharp drop in realisations in Europe coupled with a non-cash deferred tax expense on account of British Steel Pension Scheme. In the year-ago period, the firm had posted a net profit of Rs 9,572.67 crore.

9:25 AM

SmallCap index Heatmap :: Ruby Mills leaps 8%, Radhe Developers 7.5%

9:24 AM

MidCap index Heatmap :: Varun Beverages rallies 4.5%, Adani Power hits lower circuit

9:22 AM

Broader markets :: Mid, smallcap indices edge higher

9:21 AM

Sectoral trends :: Mood mostly postive; FMCG, Metal indices in the red

9:20 AM

Sensex Heatmap :: 11 stocks decline in early deals; Tata Steel falls 3%

9:18 AM

Opening Bell :: Nifty little changed in early trade

9:17 AM

Opening Bell :: Sensex starts marginally above the flat line

9:10 AM

Commodity Heatmap :: Crude oil, Zinc among top gainers

9:08 AM

Pre-open Session :: Nifty nears 17,800