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.

1:09 PM

Bank of England warns of longest recession in 100 yrs after 3% rate hike

A 0.75 per cent increase, the latest in a series of eight interest rate rises since last year, would not be enough to guarantee victory in the war against double-digit inflation: Bank of England. READ MORE

1:02 PM

After 3-yr lull, IndiGo to resume flights to China, Myanmar from March 2023

After three years of Covid-induced break, IndiGo will resume daily flights from India to Guangzhou and Chengdu in China and Yangon in Myanmar from March 27 next year, Business Standard has learnt. READ MORE

12:53 PM

BSE 500:: Top losers so far

Ajanta Pharma down nearly 7 per cent was the top loser among the BSE 500 stocks. Fine Organics, Indigo Paints, HPCL and KEI Industries were the other prominent losers so far.

12:41 PM

Global Check: Hang Seng up 6%, Shanghai 2.5% outpeform Asian peers

Source: Yahoo Finance

12:30 PM

Railway infra cos Rail Vikas Nigam, RITES hit record highs; surge up to 9%

Shares of railway infrastructure companies Rail Vikas Nigam (RVNL) and RITES rallied up to 9 per cent, hitting their respective record highs on the BSE in Friday’s intra-day trade on a strong business outlook. In comparison, the S&P BSE Sensex was trading lower by 0.22 per cent at 60,705 points, at 11:07 AM. READ MORE

12:20 PM

BSE 500:: Top gainers so far

Indian Overseas Bank and Amara Raja Batteries up over 10 per cent each were the top gainers among the BSE 500 stocks so far on Friday. They were followed by Punjab & Sindh Bank, Bank of Maharashtra and JK Lakshmi Cement, up around 8 per cent each.

12:11 PM

Raymond, Siyaram Silk clock stellar run on strong Q2; eye up to 30% upside

Shares of textile majors Siyaram Silk Mills, and Raymond were on a stellar run on Friday after the two delivered strong results for the July-September quarter (Q2FY23). Siyaram Silk Mills spiked 19 per cent, reaching an intra-day high of Rs 568 on Friday, while Raymond zoomed 3 per cent to hit an all-time high of Rs 1,329.90, after having gained 7 per cent in the previous session. READ MORE

12:02 PM

Sensex 30 Heatmap:: Bajaj twins, RIL shine; Pharma, IT stocks weak

11:54 AM

Bank of Baroda Q2 results preview: Here's what key brokerages expect

Government-owned Bank of Baroda (BoB) may report a double digit growth in bottomline when it announces its July-September quarter (Q2FY23) results on Saturday, November 5. READ MORE

11:41 AM

Hero MotoCorp shares fall over 2.5% after Q2 earnings announcement

Hero MotoCorp on Thursday reported a 9 per cent decline in its consolidated net profit at Rs 682 crore for the second quarter ended September 30. READ MORE

11:32 AM

Pakistan stock market attractive on valuation, dividend yield: Chris Wood

The MSCI Pakistan Index, according to Wood's note, is trading on 3.7x forecast 2023 consensus earnings and a 2023 forecast dividend yield of 10.2 per cent. READ MORE

11:20 AM

Oil prices climb as dollar slips, but demand fears keep a lid on gains

Brent crude futures rose 65 cents, 0.7%, to $95.32 a barrel at 0155 GMT. The contract was on track to end the week down just 0.5%. READ MORE

11:12 AM

Vedanta hits 5-month high; rallies 16% in four days on heavy volumes

For the July-September quarter (Q2FY23), the metals and mining major reported a 60.8 per cent year-on-year (YoY) decline in consolidated net profit at Rs 1,808 crore on the back of higher expenses. READ MORE

11:00 AM

Rupee appreciates 25 paise to 82.63 against US dollar as it retreats

The rupee appreciated 25 paise to 82.63 against the US dollar in early trade on Friday as the American currency retreated from its elevated levels. READ MORE

10:49 AM

Disinvestment target for FY24 to be at a 'realistic level' of Rs 65K-crore

Centre's receipts from disinvestment till November in FY23 stand at Rs 24,544 crore. Read more