Fag-end buying lifts Sensex 114 pts, Nifty above 18,100; Metal index up 4%

CLOSING BELL: A late rally on Dalal Street helped the benchmark indices end a lacklustre trading session on a positive note. Metals, select financial shares led the pullback.

3:27 PM

Global Check:: US, UK stock futures trade with notable gains

Source: Investing.com

3:17 PM

BSE 500:: Amara Raja Batteries, Anupam Rasayan among volume shockers

Amara Raja Batteries witnessed unusually high volume of around 10.20 lakh shares on the BSE so far as against its five-day average volume of around 25,200-odd shares. Similarly, Anupam Rasayan, GMM Pfaudler, Indian Overseas Bank and Punjab & Sindh Bank witnessed a significant spike in volume on Thursday.

3:11 PM

Unemployment rate in India surges to 7.77% in October: CMIE data

Unemployment rate in the country in October rose to 7.77 per cent compared to 6.43 per cent in September, according to data released by Centre for Monitoring Indian Economy (CMIE). READ MORE

2:56 PM

Metal Index fires up; Vedanta, Adani Ent soar over 6% each

2:46 PM

Crypto weekly wrap: Market remains largely resilient despite Fed's 75 bps hike

"The Federal Reserves' 75 bps rate hike was initially met with market cheer as it was on expected lines, but this outlook changed course sharply once chairman Powell's press conference began. He mentioned the need to recalibrate for a higher Terminal Rate which sent 'Risk On' assets into a downward spiral, with the S&P 500 dropping 2.5 per cent. Surprisingly, crypto markets remained resilient and have, in fact, ended the week in green," Parth Chaturvedi, crypto ecosystem lead at trading platform CoinSwitch, told Business Standard. READ MORE

2:33 PM

This bank stock has zoomed over 50% in 3 days on robust Q2 results

At 01:49 PM, Karnataka Bank was trading 11.5 per cent higher at Rs 134.35, as compared to 0.18 per cent decline in the S&P BSE Sensex. The stock was quoting at its highest level since February 2018. Average trading volumes on the counter jumped over six-fold today. A combined 52.51 million shares had changed hands on the NSE and BSE till the time of writing of this report. READ MORE

2:23 PM

Sept Quarter Result :: GAIL Q2 profit falls to Rs 1,537 crore

>> Revenue: Rs 38,479 crore

 

>> Ebitda: Rs 1,765 crore

 

>> Ebitda margin: 4.6%
 

2:12 PM

Sept Quarter Result :: Cipla posts profit of Rs 789 crore, beats estimates

>> Revenue: Rs 5,829 crore

 

>> Ebitda: Rs 1,303 crore 

 

>> Ebitda margin: 22.3%
 

2:03 PM

JMC Projects bags orders worth Rs 2,277 crore

The orders include water projects in India worth Rs 1,497 crore, and B&F (building and factories) projects in the country worth Rs 780 crore. READ MORE

1:56 PM

S Korea scrambles jets after detecting 180 N Korean warplanes in airspace

South Korea scrambled 80 aircraft, including, F-35A stealth fighters, in response. About 240 aircraft participating in the Vigilant Storm air exercises with the United States continued the drills, the military said. A flight of 10 North Korean warplanes made similar maneuvers last month, prompting South Korea to scramble jets. READ MORE

1:45 PM

Sept Quarter Result :: Go Fashion profit increases to Rs 19.3 crore

>> Revenue rises to Rs 165.7 crore YoY

>> Ebitda comes in at Rs 111 crore YoY

>> Ebitda margin falls to 66.9% YoY

1:43 PM

ALERT :: Five Star Business Finance sets price band at Rs 450 to Rs 474 for IPO

>> The initial public offering  of the Company will open on Wednesday, November 09, 2022, for subscription and closes on Friday, November 11, 2022.

>> Investors can bid for a minimum of 31 Equity Shares and in multiples of 31 Equity Shares thereafter.

 

>> The offer is an Offer for Sale aggregating to Rs 1,960 crore by the company's promoters and existing shareholders.

 

 

1:33 PM

Adani Enterprises nears record high after strong Q2FY23; stock surges 5%

Shares of Adani Enterprises surged 5 per cent to Rs 3,767 in Friday’s intra-day trade and extended its gain to fourth straight day, after the company’s consolidated net profit for the quarter ended September (Q2FY23) more-than-doubled versus last year to Rs 461 crore. The company’s consolidated revenue, too, climbed nearly threefold year-on-year (YoY) to Rs 38,175 crore. READ MORE

1:25 PM

IEX's total trade volume dips 13% to 7,972 million units in October

The Indian Energy Exchange (IEX) achieved 7,972 MU volume in October 2022, including Green Power trade of 403 MU, and 3.58 lac RECs (equivalent to 358 MU), an IEX statement said. READ MORE

 

1:18 PM

Nifty PSU Bank index continued to outperform, up over 1% in a tepid market