Sensex rises 320 pts, Nifty ends atop 18100; IT index up 2%, YES Bk down 8%

Closing Bell: Sectorally, Nifty IT clocked around a 2 per cent gain, followed by nearly 1 per cent upmove in bank, auto, FMCG and pharma indices. Metals and realty were the only pockets to close lower

9:47 AM

Gold tests major hurdle at Rs 56,850; Silver likely to play catch-up

The overall bias for Gold prices likely to remain bullish as long as Gold sustains above the Rs 55,700 - Rs 55,400 support zone. This week, Silver prices may look to retest the Rs 70,000-mark. READ MORE

9:36 AM

MARKET CHECK :: Sensex at day's high

9:35 AM

Petronet LNG trades little changed even as company booked highest-ever profit of Rs 1,181 crore in Q3FY23,

>> The company booked highest-ever profit of Rs 1,181 crore in Q3FY23, up 3.2 per cent when compared with Rs 1,144 crore in the year-ago period. Turnover jumped 44 per cent YoY to Rs 46,025 crore. The company said it was able to achieve the results due to cooling global LNG prices, and operational optimisation cutting power and fuel costs

9:34 AM

Apollo Micro Systems rallies 2% on stock-split plan

>> The company’s board approved stock split in the ratio of 1:10; i.e. each share with a face value of Rs 10 will be sub-divided into ten equity shares with the face value of Re 1 each.

9:32 AM

Bandhan Bank jumps over 3.5% despite weak Q3 results

>> Kolkata-based private sector lender Bandhan Bank reported a 66.2% YoY dip in its December quarter profit at Rs 290.6 crore, while its net interest income (NII) dropped 2.1% on-year to Rs 2,080.4 crore.

9:30 AM

LTIMindtree falls 3% in morning deals, recovers later

>> The company’s Q3 net declined 4.6 per cent YoY to Rs 1,000.70 crore, due to one-off impact of merger-related integration cost. Revenue from operations rose 25 per cent YoY to Rs 8620 crore.

9:28 AM

YES Bank mildly off lows, still down 8% as Q3 net tumbled 81%

>>  The bank’s net in Q3 dropped 80.7 per cent to Rs 51.52 crore for the quarter ended December 2022 as against Rs 266.43 crore in the year ago period. Total income, however, increased 24.6 per cent YoY to Rs 7,015.18 crore.

9:27 AM

Ultratech Cement falls over 1% as profit declines 38% in Q3

>> The Aditya Birla Group company’s consolidated net declined 37.9 per cent to Rs 1,062.68 crore in the quarter ended December 2022 when compared with Rs 1,710.40 crore in the December 2021 quarter. Total income, however, surged 27.5 per cent to Rs 16,647.52 crore during the same period.

9:26 AM

ICICI Bank sees profit-booking at higher levels; Q3 results better-than-estimates

>> The bank’s net profit surged 34.2 per cent to Rs 8,311.85 crore in Q3FY23 when compared with Rs 6,193.81 crore in the corresponding quarter a year ago. Total income was up 23.9 per cent YoY at Rs 33,529.26 crore.

9:24 AM

Reliance Industries trades with negative bias post Q3 numbers

>> The Mukesh Ambani-led company reported a 15 per cent dip in consolidated net profit of Rs 15,792 crore for Q3FY23, but a tad ahead of expectations. The company has cautioned against the impact of global economic headwinds on energy demand, in a post-results conference call. 

9:23 AM

SmallCap Heatmap :: Index trades flat; MOL, Tanla top losers

9:22 AM

MidCap Heatmap :: Index off highs, up 0.13%; YES Bank slumps 9%

9:20 AM

Sectoral Trends :: Largely a broad-based buying; FMCG, Realty wee bit in red

9:19 AM

Sensex Heatmap :: Banks hold fort; IndusInd, SBI, Kotak, ICICI Bank among top winners

9:18 AM

Opening Bell :: Nifty holds 18,100 in early deals