Sensex, Nifty end lower for 2nd day; Tata Motors jumps 5%, Infy slides 2%

Closing Bell on Friday, October 13, 2023: Among sectors, the Nifty PSU Bank index fell 1.4 per cent, while the Nifty Auto index gained 0.88 per cent

3:38 PM

Closing Bell :: Nifty holds 19,750

3:36 PM

Closing Bell :: Sensex ends over 100 pts down as Infy, Axis Bk weigh

3:30 PM

HDFC Life Insurance Q2 profit rises 15.5% on strong premium growth

The Mumbai-based insurer's profit after tax rose to 3.77 billion rupees ($45.30 million) for the quarter ended Sept. 30, from 3.26 billion rupees a year ago, it said in an exchange filing. Its total annualized premium equivalent, a closely-watched gauge of insurance sales, rose 9% during the first half of the fiscal year 2023-24. READ MORE

3:20 PM

New revelations in Adani row indicate Rs 12K cr siphoned off in 2-yrs: Cong

Congress general secretary Jairam Ramesh, in a statement, dubbed it the "biggest scam" of modern India. He claimed that this was "not a metaphorical loot" but "literally theft" from the pockets of crores of Indians. READ MORE

3:04 PM

Tata Motors zooms 5% to fresh high; DVR shares jump 4% amid EV subsidy buzz

According to media reports, the government is working on a policy to support local manufacturing of electric cars, a decision likely to provide a level playing field for the industry. READ MORE

2:54 PM

PE investments in Indian real estate dip 12% to $2.3 billion in H1

The flow of private equity (PE) money into Indian real estate declined by 12 per cent year-on-year (Y-o-Y) to $2.3 billion in April-September 2023 (H1FY24) from $ 2.7 billion in the same period last year. The decline in flows tracked overall lower investments in the residential sector, according to real estate banking advisory firm Anarock Capital.  READ MORE

2:43 PM

HDFC Bank to report Q2 result on Oct 15, 1st after merger; what to expect?

HDFC Bank Q2 results: Q2-FY24 will be the first quarter post the merger and, thus, there is likely to be a fair degree of volatility over estimates, analysts said. READ MORE

2:33 PM

Israel's military issues unprecedented orders to evacuate Gaza City

The UN warned that so many people fleeing en masse would be calamitous, and Hamas, which staged a shocking and brutal attack on Israel this week, dismissed it as a ploy. READ MORE

2:22 PM

Stock Market Live: Sensex rebounds, rallies over 500 pts from the day's low

2:17 PM

Most bought Nifty 50 stocks by MFs in Sept: Adani Ports, Eicher Motor, UPL

Private Banks (18.9%) was the top sector holding for MFs in Sep 23, followed by Technology (9.5%), Autos (8.3%), Capital Goods (7.3%), and Healthcare (6.8%). READ MORE

2:07 PM

HDFC AMC surges 6% on strong Q2 results; NAM India hits 52-week high

HDFC AMC reported healthy performance in Q2-FY24 with around 4.7% QoQ growth in AUM to Rs 5.23 trillion and market share remaining steady at 11.2%. READ MORE

1:56 PM

ALERT:: Sai Silks June quarter net dips 41%; stock sheds 5%

Sai Silks (Kalamandir) today reported 41.2 per cent dip in net profit for the quarter ended June 2023 at Rs 16.79 crore when compared with RS 28.56 crore in the corresponding quarter a year ago. Total income was down 9.9 per cent YoY at Rs 307.62 crore from Rs 341.40 crore.

1:49 PM

Balanced hybrid funds: Mitigate risks and earn stable investment returns

WhiteOak Capital Asset Management Company (AMC) has launched the new fund offer (October 5 to October 19) of its balanced hybrid fund. This is a nascent category with only one other fund that belongs to 360 ONE (asset under management is Rs 378 crore). READ MORE

1:37 PM

Stock of this mining equipment maker soars 51% in 8 days; hits record high

Thus far in the calendar year 2023, the stock price of Eimco Elecon has skyrocketed 236 per cent, as compared to 8 per cent rise in the S&P BSE Sensex. READ MORE

1:29 PM

Asian Markets Update:: Hang Seng sheds 2.2%; Nikkei slips 0.6%

Source: Yahoo Finance