Sensex, Nifty50 end flat in a wobbly trade; Tata Motors, Maruti surge 3%

CLOSING BELL: Broader markets, too, turned tepid as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.3 per cent

3:33 PM

CLOSING BELL: Sensex closes flat; sheds 287 pts from day's high

3:26 PM

Maruti Suzuki's net profit in Q3FY23 more than doubles, revenue up 25%

On the back of a strong demand for its passenger cars, Maruti Suzuki India reported a better-than-expected 129.55 per cent jump in the quarterly consolidated net profit in the third quarter (Q3FY23) on Tuesday. Read more

3:13 PM

Govt should scrap windfall profit tax on domestic crude oil: FICCI

The government should scrap the windfall profit tax on domestically produced crude oil as the levy is adversely impacting the capex-intensive exploration of oil and gas, the industry said in its recommendation for the forthcoming annual budget. Read here

3:05 PM

PG Electroplast soars 8%, hits new high on strong business outlook

Shares of PG Electroplast hit a new high of Rs 1,228 as they rallied 8 per cent on the BSE in Tuesday's intra-day trade, in an otherwise range-bound market. The stock of the consumer electronics company surpassed its previous high of Rs 1,184, touched on January 12, 2023. READ MORE

2:57 PM

Earnings Alert: HDFC AMC Q3 net up 2.7%; stock slips 1.8%

HDFC AMC reported a marginal 2.7 per cent growth in Q3 net profit at Rs 369.40 crore for the quarter ended December 2022 as against Rs 359.74 crore in the corresponding quarter a year ago. Total income was up 4.3 per cent YoY at Rs 662.93 crore.

2:47 PM

India to enter green bond market with $1 billion debut auction on Wednesday

India’s first sovereign green bond will go to auction Wednesday, and policy makers have laid the groundwork to ensure a successful debut. This offering will be sold in 5-year and 10-year tenors via a uniform price auction on Jan. 25; a second, similar offering is set for Feb. 9. READ MORE

2:38 PM

Earnings Alert:: UCO Bank Q3 net zooms over 100%; stock dips 3%

UCO Bank reported a 100 per cent surge in Q3FY22  net profit at Rs 652.97 crore as against Rs 310.39 crore in Q3FY22. Net Interest Income (NII) was up 10.7 per cent YoY at Rs 1,951.87 crore.

2:29 PM

Tata Motors Q3 preview: What to expect from auto major's quarterly results?

Tata Motors Q3 preview: The company, which is scheduled to report its earnings on Wednesday, January 25, could see margin expansion on the back of operating leverage benefits, and fall in input costs. READ MORE

2:19 PM

Weaker volumes may contract Bajaj Auto's Q3 revenues up to13% QoQ: Analysts

Bajaj Auto Q3 preview: As per brokerage estimates, the auto major is expected to report marginal improvement in EBITDA margins on a sequential basis to 17.4 per cent in Q3FY23. READ MORE

2:13 PM

Earnings Alert:: Kaveri Seeds Q3 net soars 4-fold; stock jumps 2%

Kaveri Seeds reported a over four-fold jump in net profit at Rs 60 per cent YoY to Rs 927 crore; operating profit grew 16 per cent YoY to Rs 2,051 crore and NII (Net Interest Income) was up 23 per cent at Rs 2,925 crore.

2:03 PM

Tamil Nadu textile industry seeks export incentives in Union Budget

The textile industry of Tamil Nadu has sought export incentives and additional credit support in the budget for 2023-24 of the Union government to be presented in Parliament on February 1. READ MORE

1:53 PM

IT stocks extend gain; Persistent Systems, Coforge rise up to 16% in a week

Shares of information technology (IT) companies were in focus as Nifty IT index rallied over 1 per cent for the second straight day after technology companies reported in-line or better-than-expected earnings for the quarter ended December (Q3FY23). READ MORE

1:43 PM

Market Check:: Sensex wipes out entire day's gain so far

1:36 PM

Sentiment in realty sector drops in Dec qtr but remains positive: Report

The sentiment index in the real estate sector dropped in October-December 2022 but remained in positive zone amid geopolitical concerns and bleak global economy outlook, according to Knight Frank and Naredco. READ MORE

1:24 PM

BSE 500:: Route Mobile, Nykaa, Happiest Minds among top gainers

Route Mobile up over 10 per cent was the top gainer among the BSE 500 stocks so far on Tuesday. It was followed by Nykaa, Poonawalla Fincorp, Happiest Minds and Zensar Technologies, up 5 - 7 per cent each.