Sensex sinks 826 pts, Nifty ends below 19,300; SmallCap index slides 4%

Closing Bell on October 23, 2023: The broad-based losses were led by PSU banks, metals, real estate, and IT stocks. Their respective indices, thus, fell 3.89%, 3.3%, 3.14%, and 2% on the NSE

11:43 AM

Mamaearth parent eyes pre-Diwali listing, plans Rs 1,700 cr IPO: Report

Honasa Consumer is a digital-first house of brands which caters to products in beauty and personal care. As per the Draft Red Herring prospectus (DRHP) filed by the company, the proposed IPO consists of fresh issue of shares worth Rs 400 crore, and an Offer for Sale (OFS) of up to 46.80 million equity shares. READ MORE

11:30 AM

BSE hits life-time high, zooms 13% post revision in F&O turnover charges

 The new transaction fee structure is based on the incremental billable monthly turnover (premium value). Under the revised structure, transactions with turnover up to Rs 3 crore will be charged at Rs 500 per crore. For turnover more than Rs 3 crore and up to Rs 100 crore, the transaction charges are set at Rs 3,750 per crore. READ MORE

11:19 AM

There is no better investment in long run than equities: Samir Arora

We expect that FIIs will continue to channel funds into India, surpassing the recent average, driven by India’s strong economic performance and growing investor frustration with China’s lacklustre returns and policies. This shift may result in increased allocations to India at the expense of China among EM investors. READ INTERVIEW HERE

11:04 AM

ALERT :: Genus Power freezes at 5% on order win worth Rs 3,121.42 crore

>> Genus Power Infrastructures Limited’s wholly owned subsidiary has received a Letter of Award (LoA) worth Rs 3,121.42 crore (net of taxes) for appointment of Advanced Metering Infrastructure Service Providers (AMISPs) including design of Advance Metering Infrastructure (AMI) system with supply, installation and commissioning with FMS of 36.27 Lakhs Smart Prepaid Meters, system meters including DT Meters with corresponding energy accounting on DBFOOT basis.

10:53 AM

Vedanta CFO Sonal Shrivastava likely to quit months after joining firm

Sonal Shrivastava, who joined the company in June, informed Agarwal about her decision to leave last month, the people said, asking not to be named as the information is not public. Agarwal is talking with finance professionals who had earlier stints in the group to replace her, and a decision is expected as early as this week, they said. READ MORE

10:42 AM

Ipca Labs surges 7%, hits 52-week high on favourable report from USFDA

This manufacturing facility has now received Establishment Inspection Report classifying the manufacturing facility as “Voluntary Action Indicated (VAI) and that this facility is considered to be in a minimally acceptable state of compliance with regard to current good manufacturing practice (CGMP), the company said. READ MORE

10:29 AM

WATCH :: Will markets bounce back this week?

10:17 AM

ALERT :: Sensex at day's low as Tata Steel, TCS, Kotak Bank weigh

10:03 AM

BSE zooms 11% as it increases Option Expiry charges; IIFL Securities raises FY25-26 EPS by up to 35%

>> IIFL says there is scope for further increase as tariffs still below NSE's

>> BSE accounts for only 10% of India Options Expiry; volume may increase with more Bankex expiry contracts

>> Upgrade BSE from 'Add' to 'Buy'; target price: Rs 2,000

9:58 AM

ALERT :: Transaction charges on Sensex Options revised w.e.f Nov 1

Check details here

9:46 AM

RBL Bank gains 1% post Q2 results

>> RBL Bank posted a net profit of Rs 294 crore for Q2FY24, up 46 per cent YoY/2 per cent QoQ

>> Gross NPA ratio improved to 3.12 per cent from 3.22 per cent QoQ/3.80 per cent YoY

>> Net NPA ratio at 0.78 per cent as against 1.00 per cent QoQ/1.26 per cent YoY

>> Net advances grew 21 per cent yoy and 4 per cent qoq to Rs 76,324 crore

>> NII grew 26 per cent YoY/4 per cent QoQ to Rs 1,475 crore

>> NIM at 5.54 per cent vs 5.02 per cent YoY

9:38 AM

Tejas Networks appoints new CFO effective Dec 2023; stock down 2%

>> Appointed Sumit Dhingra as chief financial officer (CFO) with effect from December 1, 2023.

9:36 AM

YES Bank slips over 2% on weak operational performance in Q2

>>  It reported a 47 per cent YoY increase in quarterly net profit to Rs 225 crore, helped by a drop in loan-loss provisions and healthy loan growth.

>> NII, however, declined to Rs 1,925 crore from Rs 1,991 crore YoY.

9:35 AM

Samvardhan MOtherson International down 1% despite series of acquisitions

>> Approved acquisition of 73.05 per cent (on a fully diluted basis) in Irillic Private Limited; Entered into an agreement to acquire 100 per cent stake in SSCP Aero Topco SAS; Approved to acquire 100 per cent stake of Samvardhana Motherson Adsys Tech Limited from Motherson Auto Limited.

9:33 AM

IDBI Bank in red post Q2 show

>> IDBI Bank, on Saturday, reported a 60 per cent rise in net profit to Rs 1,323 crore for the September quarter.