Sensex zooms 595 pts, Nifty tops 19,400; all but PSBs rally

Closing Bell on November 6, 2023: Among sectors, the Nifty Metal, Pharma, Private Bank, and Realty indices added over 1 per cent each

1:58 PM

ALERT:: Bajaj Electricals Q2 net plunges 48%; stock dips 4%

Bajaj Electricals today reported a 47.7 per cent fall in Q2 net profit to Rs 33.44 crore for the quarter ended September 2023 when compared with Rs 63.90 crore in the corresponding quarter a year ago. Total income was down 1.3 per cent YoY at Rs 1,144.83 crore.

1:47 PM

Fitch upgrades India's mid-term GDP growth forecast to 6.2% from 5.5%

Fitch blamed China for pulling down the estimate of 10 emerging countries to 4 per cent from 4.3 per cent earlier. READ MORE

1:36 PM

Upcoming state elections not much of a worry for markets: Analysts

This, they believe, is because the electorate votes differently in state and general elections. On their part, the markets, they said, are only looking for a stable regime and policy continuity. READ MORE

1:26 PM

ALERT:: Kospi zooms 5.7% post short-sale ban; Nikkei up 2%

Source: Yahoo Finance

1:16 PM

ALERT:: Bharat Forge Q2 net jumps 29%; stock surges 3%

Bharat Forge today posted a 29 per cent surge in Q2 net profit to Rs 345.99 crore for the quarter ended September 2023 when compared with Rs 268.12 crore in the corresponding quarter a year ago. Total income increased 19.9 per cent YoY to Rs 2,291.76 crore.

1:01 PM

Steady NIM, credit costs may drive SBI's re-rating in near-term: Analysts

Worries about the impact of relatively lower capital adequacy levels, comfort of loan mix due to presence of unsecured loans, and NIM contraction cycle have been weighing on the stock. READ MORE

12:49 PM

ALERT:: Divis Labs Q2 net dips 30%; stock up 1%

Divis Labs today reported a 29.8 per cent drop in Q2 net profit to Rs 342 crore for the quarter ended September 2023 when compared with Rs 487 crore in the corresponding quarter a year ago. Total income, however, was up 2.7 per cent YoY at Rs 1,953 crore.

12:39 PM

ALERT:: Thirumalai Chemicals announces temp shutdown of Bharuch unit; stock slips 2%

Phthalic Anhydride, a unit of Thirumalai Chemicals, situated at GIDC Estate, Dahej Phase-II, Tal. Vagra, Bharuch, Gujrat has been shut down temporarily w.e.f 5th November, 2023, the company said in an exchange filing.

12:27 PM

Sebi plans for instant settlement of equity trades in non-disruptive manner

India transitioned to T+1 settlement, where trades are settled within a day, in January. The Sebi now plans to allow instant settlement by October next year as another option. READ MORE

12:15 PM

SBI trades flat; underperforms in a firm market post mixed Q2 earnings

Thus far in the calendar year 2023, the stock has slipped 6 per cent, as against nearly 6 per cent rally in the Sensex. READ MORE

12:02 PM

Explained: India emerges as global leader in the number of IPOs in 2023

The third quarter of 2023 saw a staggering 21 IPOs in the Indian main market, compared to just four in the same quarter of 2022. India has topped the world in terms of the number of initial public off. READ MORE

11:50 AM

ALERT:: Ashok Leyland delivers first-ever LNG-powered haulage truck 'AVTR 1922'; stock up 1%

Ashok Leyland, the flagship Company of the Hinduja Group, today commenced the delivery of India's first LNG-powered haulage truck - AVTR 1922 to Mahanagar Gas Limited in Hosur, the company said in an exchange filing.

 

The company is scheduled to announce its Q2 results later this week.

11:43 AM

Oct auto retail sales dip 8% due to Shraddh period; Navratri sales up 18%

India's automobile retail sales for October registered an 8 per cent decline compared to the same period last year, following a dip in two-wheeler (2W) and passenger vehicles (PV) by 13 per cent and 1.4 per cent, respectively. However, the Navratri period (October 15-24) marked record sales for the sector, posting an 18 per cent increase. READ MORE

11:30 AM

Inox Wind soars 9%, hits 7-year high on Monday; what's driving the rally?

Shares of Inox Wind hit their highest level since July 2016 after its customer, NTPC Renewable Energy, announced the successful commissioning of 50 MW out of 150 MW Dayapar Wind Energy Project

11:17 AM

DLF, Oberoi Realty zoom up to 70% so far in 2023; will the rally last?

Charts suggest that the bias for the realty stocks is likely to remain favourable as long as they hold these key support levels. Read