Sensex dips 124 pts, smallcaps shine; Paytm cracks 9%, Tata Motors up 2%

CLOSING BELL: HCL Tech (down 2.7 per cent), Tata Steel, Reliance Industries, Wipro, ITC, ICICI Bank, Infosys, and HUL were top Sensex losers

9:36 AM

Voltas in green; co reports net loss of Rs 110.5 crore in Q3

Voltas Ltd on Thursday reported a consolidated net loss of Rs 110.49 crore for the third quarter ended December 2022 on account of provisioning made on overseas projects. The Tata group firm had posted a consolidated net profit of Rs 96.56 crore in the October-December quarter last fiscal, Voltas said in a regulatory filing. Its revenue from operations was up 11.82 per cent to Rs 2,005.61 crore during the quarter under review as against Rs 1,793.59 crore in the year-ago period.

9:34 AM

ITC rises in a weak market; arm forms subsidiary in France

ITC's subsidiary ITC Infotech India has incorporated a wholly-owned subsidiary in France under the name of ITC Infotech France SAS. Consequently, ITC France has become a step-down wholly owned subsidiary of ITC.

9:32 AM

Aurobindo Pharma gains 2% even as Q3 profit fell 19% YoY

Aurobindo Pharma Limited on Thursday said its consolidated net profit for the quarter ended December 31 fell 18.7 per cent to Rs 491.2 crore against Rs 604.3 crore in Q3FY22. Its revenue from operations during the quarter was up by 6.7 per cent to Rs 6,407.10 crore against Rs 6,002.2 in the same period last fiscal.

9:30 AM

Zomato Q3 net loss widens; stock falls 3%

The restaurant aggregator’s losses widened to Rs 346.6 crore for the quarter that ended in December (2022-23, or FY23), compared with Rs 63.2 crore in the corresponding period of the previous financial year (2021-22). The food delivery giant had reported a net loss of Rs 250.8 crore in the second quarter (Q2) of FY23.

9:29 AM

Large Trade :: Paytm sinks 5% as over 3% equity changes hands

9:28 AM

LIC gains 3% as Q3 net rises multi-fold

State-owned Life Insurance Corporation (LIC) reported a manifold increase in its net profit in the December quarter (Q3) of financial year 2022-23 (FY23), aided by a transfer of Rs 5,670 crore from non-participatory to shareholders’ accounts.

9:26 AM

ALERT :: Most Adani group stocks trade lower as MSCI cuts weight

As per a report by FT, MSCI on Thursday evening said it had cut its determined free float for four companies in the Adani Group: Adani Enterprises, Adani Total Gas, Adani Transmission and ACC. 

9:25 AM

SmallCap Heatmap :: Index holds gains in a weak market; WPIL, Aarti Surfactants lead gains

9:24 AM

MidCap Heatmap :: Adani Power, UBL slide 5% each; MidCap index down 0.4%

9:23 AM

ALERT :: Sell-off intensifies; Sensex down 200 pts, Nifty tests 17,800

9:22 AM

Broader markets :: SmallCap index shines amid sea of red

9:21 AM

Sectoral trends :: All but media, PSU bank indices start on a negative note

9:20 AM

Sensex Heatmap :: Only 12 stocks eke out gains; HCL Tech falls 2%, Tech M 1%

9:18 AM

Opening Bell :: Sensex drops 87 pts in opening deals

9:18 AM

Opening Bell :: Nifty dips 26 pts, holds 17,850