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

SI Reporter Mumbai

10:03 AM

Infosys slips 4%, hits 6-week low on surprise revenue guidance cut in Q2

Infosys's revenue guidance is a negative surprise and likely factors in the impact from these ramp downs as well as backend ended and delayed ramp up in mega deal, according to analysts. READ

9:55 AM

Global funds are beginning to pay more attention to India: Chris Wood

Any correction in the Indian stock markets should be used to buy property, banks and industrial stocks, he advised. READ

9:44 AM

Panacea Biotech slips 2% on receiving FDA Form 483 with 9 observations

9:41 AM

IDBI Bank gains on report RBI to complete vetting of buyers by October

The RBI is expected to accelerate a key process of vetting IDBI Bank's potential buyers and complete it by October end in what would speed upits divestment process, reported Reuters.

9:39 AM

Paytm down over 1% as RBI penalises Paytm Payments Bank

The RBI has imposed a monetary penalty of Rs 5.39 crore on Paytm Payments Bank for violating Know Your Customer norms, among others.

9:35 AM

HCLTech outlier in IT; up 3% despite trimming revenue guidance

The company has revised its FY24 revenue guidance to 5-6 per cent in constant currency terms from the earlier estimate of 6-8 per cent.

HCLTech reported a 9 per cent YoY increase in its net profit to Rs 3,833 crore.

9:33 AM

Infosys weakens 3% on surprise guidance cut for second consecutive quarter

Infosys has lowered its FY24 constant currency revenue growth guidance for a second time to 1.0-2.5 per cent from 1-3.5 per cent earlier. The company’s net profit rose just 3.2 per cent YoY to Rs 6,212 crore in Q2.