Sensex ends choppy day 108 pts up; Adani group stocks tumble, defence rally

CLOSING BELL: The S&P BSE Sensex is now just 265 points shy from its all-time 62,245 registered on October 19, 2021.

1:00 PM

Kirloskar Oil Engines soars 11%, hits over 4-year high on strong Q2 results

In Q2FY23, the company’s net profit nearly doubled to Rs 82.50 crore against Rs 41.7 crore in Q2FY22. Revenue from operations grew 23 per cent to Rs 1,228 crore from Rs 1,001 crore in the year ago quarter. Earnings before interest, taxes, depreciation, and amortization (ebitda) margin improved 500 bps year-on-year and 20 bps sequentially to 14.7 per cent. READ MORE

12:46 PM

Fifth year of zero SME rights issues likely after Rs 100 cr mop up in 2014

A rights issue is when a company offers additional shares to existing investors at a discount to raise money. Companies in the SME segment had raised over Rs 100 crore through this route since 2014-the earliest since data is available. READ MORE

12:36 PM

Sebi's tougher disclosure regime may be a challenge for India Inc

India Inc’s compliance burden could go up manifold if the Securities and Exchange Board of India’s (Sebi’s) proposal for a new disclosure regime gets introduced, say legal experts. READ MORE

12:25 PM

RVNL, Rites, IRCTC: Rail-related stocks on fast track, can rally up to 16%

Rites Ltd (RITES)

Upside potential: 7% to 12%

 

Despite a negative divergence on the daily chart, shares of Rites shares continue to hold ground over the recent pull back mark of Rs 360. The next support that has bolstered the positive bias falls at Rs 340. Thus, unless the stock breaks both these supports, the positive trend is expected to see a bullish reversal towards Rs 400 and Rs 420. READ MORE

12:15 PM

Q&A | Invest 80%, keep rest of corpus aside for corrections, says Mirae's N Surana

Indian markets are holding on despite ongoing global chaos, thanks to supportive cyclical and structural factors, says Surana READ FULL INTERVIEW

12:04 PM

Piramal Capital withdraws insolvency proceedings against Reliance Power

This follows an out-of-court settlement between both the companies over a Rs 526 crore loan default by Reliance Power and its subsidiary Reliance Natural Resources Ltd (RNRL). Read more

11:50 AM

WATCH | What is S Naren’s biggest worry as regards equity markets?

11:40 AM

Stock of this shipping company has zoomed nearly 250% in last four months

On Monday, the board of KMEW approved the allotment of 565,000 equity shares at an issue price of Rs 700 per equity share on a preferential basis to investor Ashish Kacholia and others. Read here

11:27 AM

Paytm pre-IPO investors seem not in a hurry to sell, say analysts

On Tuesday, 86 per cent of Paytm's shares became free to trade after end of lock-in period but that had a minimal impact on the stock. Read here

11:15 AM

Rupee depreciates 66 paise to 81.57 against US dollar in early trade

At the interbank foreign exchange, the domestic unit opened at 81.41 against the dollar, then lost ground to quote at 81.57, registering a loss of 66 paise over its previous close. Read here

11:01 AM

Sugar shares in focus; Balrampur Chini gains 3% as share buyback commences

The board of directors of Balrampur Chini on November 9 had approved Rs 145.44 crore share buyback at Rs 360 per share through the open market route. Read here

10:49 AM

Medanta-owner Global Health trades firm after debuting at 19% premium

Global Health, which operates hospitals under Medanta brand, witnessed heavy volume of around 26 million shares combined on the NSE and BSE in early deals. Read more

10:36 AM

Analysts see pressure on RIL, OMC's profitability amid firm oil prices

Their expectation is based on the recent action in October by the OPEC of cutting production by 2 million barrels per day. This suggests that the OPEC is looking to defend price, they said. Read more

 

10:26 AM

Bikaji Foods makes steady debut; stock lists 8% higher to issue price

Bikaji Foods International listed at Rs 322.80, a 8 per cent premium when compared with its issue price of Rs 300 per share on the NSE. Read more

10:17 AM

Strong support for MCX Crude Oil seen at Rs 6,850, Natural Gas at Rs 475

The MCX Crude Oil November futures are seen testing support around the lower-end of the Bollinger Bands on the daily chart. Similarly, Natural Gas futures are testing support around the 20-DMA. Hence, a short-term pullback in these energy based commodity seems possible. READ MORE