Sensex falls 143 pts, Nifty below 19,400; RIL, Infosys weigh, M&M gains 4%

Closing Bell on November 9, 2023: In the broader markets, the BSE MidCap index added 0.06 per cent, but the BSE SmallCap index slipped 0.27 per cent

11:27 AM

ALERT:: Ami Organics Q2 net dips 23%; stock sheds 4%

Ami Organics consolidated net profit dipped 22.6 per cent to Rs 14.70 crore in Q2FY24 when compared with Rs 19 crore in Q2FY23. Revenue from operations, however, increased 17.3 per cent YoY to Rs 172.40 crore.

11:14 AM

ALERT:: BHEL posts Rs 238 cr loss in Q2; stock down 1%

BHEL reported a net loss at Rs 238 crore for Q2FY24, as against a net profit of Rs 12.10 crore in the year-ago period. Total income dipped 2.1 per cent YoY to Rs 5,305.38 crore.

11:04 AM

FDs, insurance, gold top retirement investments, MFs gain traction: Survey

According to the survey, Indian investors planning retirement favour fixed/recurring deposits, annuities/insurance, gold, and the Post Office Savings Scheme (POSS). READ MORE

10:56 AM

Stock of this iron & steel company zoomed 130% in 7 months; hits 15-yr high

Shares of Welspun Corp hit a 15-year high of Rs 489.30, surging 7 per cent on the BSE in Thursday's intraday trade, on the back of heavy volumes after it reported profit after tax of Rs 385 crore in the September quarter (Q2FY24) on strong operational performance. The company had posted loss of Rs 57 crore in the year-ago quarter. READ MORE

10:46 AM

ALERT:: JSW Steel crude production rises 12% in Oct; stock marginally down

10:36 AM

ALERT:: Intellect Design bags deal with big bank; stock up 2%

In a significant milestone that underscores the transformative potential of generative AI technology in the banking industry, one of India's Top Bank in market capitalisation, has joined forces with IntellectAI, the WealthTech and InsurTech arm of Intellect Design Arena, the company said in an exchange filing.

10:28 AM

ALERT:: MCX India posts loss in Q2; stock slips 2%

10:19 AM

Morgan Stanley's wealth business under US Fed's scrutiny over lapses

The bank's top regulator has been pressing the New York-based firm to improve its processes and controls to prevent wealthy international clients from laundering money. READ MORE

10:14 AM

ALERT:: Tata Power down 2% post Q2 results

Tata Power reported a 6.9 per cent rise in net profit at Rs 876 crore for Q2FY24 as against Rs 819 crore a year ago. Total income grew 12.2 per cent YoY to Rs 15,738 crore.

10:04 AM

Brigade Enterprises surges 7%, hits new high on strong Q2 results

With a robust pipeline of launches in Bengaluru, Chennai, and Hyderabad, the management is confident that the company will sustain the momentum going forward. READ MORE

9:57 AM

ALERT:: Lupin marginally up post 3.8-fold jump in Q2 net

Lupin Q2FY24 consolidated net profit jumped 3.8-fold to Rs 489.67 crore when compared with Rs 129.73 crore in Q2FY23. Total income rose 21.5 per cent YoY to Rs 5,038.56 crore.

9:48 AM

ALERT:: Eris Lifesciences zooms 4% on Biocon deal

Eris Lifesciences to acquire the nephrology and dermatology business units from Biocon Biologics for Rs 366 crore.

9:42 AM

ALERT:: HPCL extends winning run post Q2 results; nears 52-week high

Hindustan Petroleum HPCL intends to stop buying diesel from companies like Reliance Industries and Nayara Energy once it completes expansion of its Visakhapatnam refinery in Andhra Pradesh and builds a new one in Rajasthan next financial year, company officials said. READ MORE

9:36 AM

BSE SmallCap Heatmap:: AdorWeld, Syncomf zoom 12%; Mtar Tech plunges 8%

9:34 AM

BSE MidCap Heatmap:: PFC; Solar Industries surge 3%; NIACL sheds 5%