Sensex rises 142 pts in fag-end, Nifty near 17,900; broader indices fall

CLOSING BELL: Adani Enterprises, Adani Ports, Hero MotoCorp, Cipla, JSW Steel, Bharti Airtel, Sun Pharma, UPL, Ultratech Cement, HDFC, Bajaj Auto, and Tata Motors fell over half a per cent to 11%

10:50 AM

Rupee falls 12 paise to 82.66 against dollar due to muted trend in equities

The rupee depreciated 12 paise to 82.66 against the US dollar in early trade on Thursday, weighed down by sustained foreign fund outflows and a muted trend in domestic equities. READ MORE

10:38 AM

Cummins India surges 10%, hits record high on robust Q3 results

The stock of the country's leading manufacturer of diesel and natural gas engines for power generation, industrial and automotive markets surpassed its previous high of Rs 1,551.05, touched on December 9, 2022. READ MORE

10:27 AM

As volume challenges persist, Hero MotoCorp eyes recovery across segments

Except for a slight slip in profitability, the October-December quarter performance of the country’s largest two-wheeler maker — Hero MotoCorp — was broadly in line with Street estimates. READ MORE

10:15 AM

Sebi allows 39 entities to use e-KYC Aadhaar authentication services in mkt

This came after Sebi in May 2020 listed eight entities including BSE that can undertake Aadhaar Authentication service of UIDAI as KYC user agency (KUA) in the securities market. Further, a KUA can permit Sebi-registered intermediaries to undertake Aadhaar Authentication of their clients as sub-KUA for the purpose of KYC (Know Your Client). READ MORE

10:05 AM

Adani group stocks under pressure as MSCI to review free float status

Among the individual stocks, Adani Enterprises hit 10 per cent lower circuit at Rs 1,942.80 on the BSE. The stock traded in the futures & option (F&O) segment, which has no circuit limits.

 

Adani Ports and Special Economic Zone, meanwhile, slipped 9 per cent to Rs 545.95, whereas shares of Adani Power (Rs 172.90), Adani Transmission (Rs 1,248.55), Adani Total Gas (Rs 1,324.45) and Adani Green Energy (Rs 766.60) locked at 5 per cent lower circuit. READ MORE

9:55 AM

Customs duty cut, I-T slab rejig to boost consumer durable stocks: Analysts

“A push for affordable housing is positive for wire and cable companies as they are ancillary to the housing development. Moreover, the customs duty changes concerning the camera lens and its inputs and open cells of television panels will provide an impetus to value added products in the domestic manufacturing of electronics, under Atmanirbhar Bharat push by the government," said Neeraj Chadawar, head of quantitative equity research at Axis Securities. READ MORE

9:43 AM

Cummins India zooms 9% on strong Q3

The company reported total income of Rs 2,269.89 crore during the period ended December 31, 2022 as compared to Rs 1,804.69 crore last year. Its net profit stood at Rs 413.80 crore vs Rs 249.50 crore for the period ended December 31, 2021.
 

9:39 AM

Equitas SFB logs highest-ever quarterly disbursements, PAT in Q3

The lender on Wednesday said it recorded its highest-ever quarterly disbursement of Rs 4,797 crore, a growth of 68 percent year-on-year (YoY) in Q3. It reported a 57.4 percent year-on-year (YoY) jump in net profit at Rs 170.1 crore for the third quarter, the highest quarterly PAT.

9:37 AM

Oberoi Realty reports 50% increase in Q3 profit; stock up 2%

The Mumbai-based real estate company has registered a 50.3 per cent year-on-year growth in consolidated profit at Rs 702.6 crore for quarter ended December FY23 on healthy topline and operating performance. Consolidated revenue surged 96 percent YoY to Rs 1,630 crore for the quarter.

9:35 AM

Trent surges 6% on record quarterly revenue in Q3

The company has reported a nearly 20 percent year-on-year growth in consolidated profit at Rs 167 crore for three-month period ended December FY23. It registered the highest ever quarterly revenues at Rs 2,303.4 crore, up 54 percent YoY.

9:34 AM

Gujarat Pipav Port rallies 3% on robust Q3 results

The company has reported a 89 percent year-on-year increase in consolidated profit at Rs 84.4 crore for Q3FY23 despite higher input costs. Revenue from operations for the quarter grew 49 percent YoY to Rs 250.6 crore, while margins expanded 512 bps compared to a year-ago period.

9:31 AM

RBL Bank dips 1% amid weakness in banks

The bank received RBI's approval for reappointment of Rajeev Ahuja as executive director of the bank for a period of three years with effect from Feb. 21, 2023.

9:30 AM

L&T holds muted gains in a weak market; wins order worth Rs 2,600 crore

The company received an order worth Rs 2,585 crore from the Ministry of Defence for supply for 41 sets of modular bridges for the Corps of Engineers of the Indian Army. A modular bridge is fabricated in modules that can be installed quickly in the field.

9:28 AM

Adani Power hits 5% lower circuit as Q3 PAT declines 96%

The company on Wednesday reported a 96 per cent decline in consolidated net profit at Rs 8.77 crore for December quarter 2022-23 mainly on the back of higher expenses. In the year-ago period, the profit was Rs 218.49 crore, the company said in a BSE filing. Total income rose to Rs 8,290.21 crore from Rs 5,593.58 crore in the same period a year ago.

9:26 AM

SmallCap index Heatmap :: Rosell India slumps 8%, Pearl Global Industries zooms 7%