Markets snap 6-day losing run; Sensex jumps 635 pts, Nifty nears 19,050

Closing Bell on October 27, 2023: Among sectors, the Nifty PSU Bank index jumped 4 per cent today

9:50 AM

ALERT :: Nifty back above 19,000

9:44 AM

Canara Bank rallies 5.5% post Q2 results

>> It reported a standalone net profit of Rs 3,606.1 crore for Q2FY24, up 42.8 per cent YoY

>> NII rose 205 YoY to Rs 8,903 crore

>> GNPA improved to 4.76 per cent vs 5.15 per cent QoQ

>> NNPA improved to 1.41 per cent from 1.57 per cent QoQ

9:40 AM

SBI rises over 1% on report lender may raise Rs 10,000 crore

>> SBI is likely to raise up to Rs 10,000 crore ($1.20 billion) through Basel III-compliant tier-II bonds maturing in 15 years, Reuters reported on Thursday.

9:38 AM

Adani Group looking to raise $4 billion for green hydrogen projects

>>  Billionaire Gautam Adani's Adani Group is seeking to raise as much as $4 billion to help develop manufacturing plants that would produce low-cost green hydrogen, according to a Bloomberg report.

>> Adani New Industries Ltd., a wholly owned subsidiary of flagship company Adani Enterprises Ltd., will take the lead in raising the money.

9:36 AM

Tata Tele (Maha) may see fund infusion from Tata Sons

>> Tata Sons, the holding company of the Tata group, will have to infuse an additional Rs 2,055 crore in its loss-making subsidiary Tata Teleservices as the latter's bonds worth Rs 940 crore are due for repayment on November 10.

>> Another tranche of bonds worth Rs 1,115 crore are due by February next year, Business Standard reported.

9:34 AM

Jaiprakash Power gains 2%; Co to pay arrears worth Rs 240 crore

>> The company has to pay arrears worth Rs 240 crore for Coal Mine Development and Production Agreement, executed in 2015, after the Ministry of Coal revised the pricing formulae.

9:32 AM

Indian Bank up 2% as Q2 PAT swells 61% YoY

>> Indian Bank reported a 61 per cent rise in net profit during the second quarter of the financial year FY24 to Rs 2,068.49 crore.

>> The improved net profit is mainly due to a 23 per cent increase in net interest income (NII) for the quarter.

9:31 AM

Punjab National Bank leaps 3% on healthy Q2

>> The public-sector lender's net profit for Q2FY24 jumped 327.14 per cent YoY to Rs 1,756 crore owing to a substantial rise in its net interest income (NII) and decline in credit costs.

>> Its NIM expanded to 3.11 per cent from 3.08 per cent QoQ and 3 per cent YoY.

9:29 AM

Vodafone Idea gains 2% amid mixed Q2 show

>> : Vi, on Thursday, reported a 15.2 per cent higher consolidated net loss of Rs 8,746 crore in the July-September quarter of the financial year (FY24) on a year-on-year (YoY) basis as a result of increasing expenses.

>> Average revenue per user (ARPU) for the quarter rose to Rs 142 on a sequential basis, up from Rs 139 in the preceding quarter.

>> Net debt increased, as did Ebitda and margins

9:25 AM

Buzzing stock :: Shriram Finance zooms 8% as mgt ups AUM, margin guidance

9:23 AM

Broader markets largely outperform benchmarks; Mid, SmallCap indices up over 1% each

9:22 AM

Sectoral trends :: PSBs, Media, Metal stocks rally the most

9:20 AM

Sensex Heatmap :: Only 4 stocks slide on Friday; Asian Paints, Ultratech Cement top losers

9:19 AM

Opening Bell :: Nifty nears 18,950

9:18 AM

Opening Bell :: Sensex rallies 300 pts after 6 days of consistent selling