Markets end marginally up on Friday; Sensex, Nifty down 1% in Samvat 2078

The BSE MidCap index fell about 4 per cent in Samvat 2078, while the BSE SmallCap index added 0.4 per cent

11:00 AM

Rupee falls 12 paise to 82.91 against dollar as US currency firm in markets

The rupee depreciated 12 paise to 82.91 against the US dollar in morning trade on Friday tracking a firm American currency in the overseas market. READ MORE

10:51 AM

Ukraine war, Inflation: Factors that will guide stock market in Samvat 2079

As we enter Samvat 2079, analysts expect markets to remain under pressure and witness more volatility in the near-term on account of deterioration in global macros. READ MORE

10:45 AM

SpiceJet to suspend services in Sikkim due to operational constraints

SpiceJet, the only carrier that runs daily flights to and from the greenfield airport in Sikkim's Pakyong, will suspend services in the hill state from October 30 due to "operational constraints." READ MORE

10:31 AM

Japan's core consumer prices hit 8-year high, rise 3% YoY in Sep

Core consumer prices in Japan rose 3 per cent in September to a fresh eight-year high from a year earlier, the government said in a report. Read more

10:19 AM

Indian firms to double fundraising via public bond sales in H2 FY22: Report

Indian corporates are likely to raise double the amount of funds through the public issue of bonds in the second half of this fiscal than they did in the first. Read here

10:09 AM

Axis Bank surges 7%, hits record high on strong Q2 earnings

Axis Bank delivered stellar performance in Q2FY23, driven by sharp margin expansion and a significant decline in provisions along with improving trends in cost metrics. Read more

10:00 AM

COMMENT | Samvat 2079 to outline India's relative outperformance to global peers

Samvat 2079 will go down in India’s stock market history as the year of India’s outperformance relative to developed markets and peers. The big question as we usher in Samvat 2079 is whether this outperformance will continue.

Even though India’s valuations are high from the short term perspective, economic and earnings fundamentals partly justify the valuation premium.

More importantly, the DII/retail support to the market is becoming strong enough to eclipse the FII selling. This explains the logic of FIIs turning buyers (Rs 1864 crore yesterday) when US bond yields are moving up and the 10-year yield is at 4.23 percent.

 

IT and banks account for the major chunk of India Inc’s profits. After good Q2 results from IT, leading banks are posting very good Q2 numbers indicating that corporate earnings are in line with the optimistic expectations.

Q2 results of Axis Bank and ITC have beaten expectations. The PSU bank index has the potential to sustain its outperformance.

Views by V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

9:54 AM

ITC hits new high on solid Q2 performance; analysts see up to 16% upside

Analysts believe ITC would continue to grow in its core business of Cigarettes and FMCG with stable taxation & softening of raw material prices. Read more

9:50 AM

IEX slips 2.6% on posting Q2 PAT of Rs 71 cr vs Rs 78 crore last year

9:47 AM

Zensar Tech Q2 PAT falls 40% YoY; stock down over 3%

9:45 AM

KP Energy wins order from AB REL Century; stock dips 5%

Company received order for Erection and Installation of 10.5MW wind power project from AB REL Century Energy Limited.

9:41 AM

YES Bank up 2% as CCI approves stake sales to Carlyle, Advent International

9:37 AM

Bajaj Finance sees some profit booking after firm Q2 earnings

9:35 AM

Axis Bank rallies 6% on strong Q2 results; PAT up 70% YoY

9:32 AM

SECTORS | Financials lead sectoral gains; IT weak