Sensex snaps 3-day losing run, gains 261 pts in broad-based rally

Closing Bell on Tuesday, October 17, 2023: On the National Stock Exchange (NSE), the Nifty50 shut shop 80 points, or 0.40 per cent, higher at 19,812.

3:21 PM

Wipro likely to lag peers with dismal 1.3% yearly revenue growth in Q2FY24

In constant currency (cc) too, the company is expected to lag peers with revenue seen declining for the third time by 0.5 to 1.2 per cent on a QoQ basis, as against the guidance of -2 per cent to 1 per cent. READ MORE

3:04 PM

ALERT:: Titan board okays fund raise, long-term borrowing plan; stock marginally up

Titan in an exchange filing said, the company's board approved the proposal for raising of funds up to Rs 2,500 crore and availing Long-term borrowings in the form of long-term unsecured loans upto a Rs 1,000 crore.

2:55 PM

Newgen Software soars 14%, hits new high on strong September quarter result

The company said the healthy earnings were driven by strong growth in the banking and financial services segment across geographies. READ MORE

2:44 PM

ALERT:: PCBL Q2 net rises 5%; stock sheds 3%

PCBL today reported a net profit of Rs 122.83 crore for the quarter ended September 2023, up 5.5 per cent when compared with Rs 116.47 crore in the corresponding quarter a year ago. Total income, however, was down 8.7 per cent YoY at Rs 1,489.39 crore.

2:35 PM

JPMorgan index-bound Indian bonds lure foreigners, but flows to start later

Foreigners have more than doubled purchases of Indian government bonds that would form a part of JPMorgan's emerging market bond index, but bank treasury officials do not expect large inflows until the inclusion starts next year. READ MORE

2:23 PM

Market Check:: Sensex off day's high, up 200 points

2:14 PM

Will the September uptick in rural economy sustain in future?

The uptick in monsoon rains in September after a dry August and improvement in kharif acreage seem to be the immediate plausible reasons for the improvement. READ MORE

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2:01 PM

ALERT:: Tata Metaliks Q2 net zooms 209%; stock up 1.5%

Tata Metaliks today reported posted a 209 per cent growth in Q2 net profit at Rs 44.16 crore for the quarter ended September 2023 when compared with Rs 14.29 crore in the corresponding quarter a year ago. Total income, however, declined 14 per cent YoY to Rs 758.05 crore.

1:52 PM

ALERT:: Newgen Software Q2 net rises 59%; stock surges 5%

Newgen Software today reported a 59.3 per cent surge in Q2 net profit at Rs 47.79 crore for the quarter ended September 2023 when compared with Rs 30 crore in the corresponding quarter a year ago. Total income rose 30 per cent YoY to Rs 302.57 crore.

1:39 PM

ALERT:: Metro Brands opens its 800th store; stock gains 2.5%

Metro Brands in an exchange filing today announced the opening of its 800th store in Hyderabad's Banjara Hills, marking a milestone in its expansion journey. 

1:28 PM

Why are MFs launching small-cap funds when their valuations seem too high?

Even though net inflows into small-cap funds were down by 37% at Rs 2,678.47 in September 2023, fund houses are undeterred when it comes to new fund offers. READ MORE

1:16 PM

Comment:: Gold, Silver prices likely to remain volatile in near term

"Gold and silver prices in India are likely to remain volatile in the near term due to geopolitical uncertainty and rising festive season demand. Investors looking to buy gold or silver should monitor the market closely and buy when prices are favorable." 

 

- Veer Mishra, Co-Founder of Plus

1:07 PM

Asian Market Update:: Nikkei, Kospi gain 1%

Source: Yahoo Finance

12:57 PM

India's top regulators investigating alternate investment funds: Report

The sources declined to be identified because they are not authorised to speak to the media. Sebi and RBI did not respond to requests for comment. READ MORE

12:44 PM

Karur Vysya Bank surges 7% post record Q2 profit; stock hits 6-year high

The bank reported its highest-ever quarterly profit of Rs 378 crore for the quarter ended September 2023, up 51 per cent from a year ago period. READ