Dovish Fed unleashes market bulls; Sensex zooms 490 pts, Nifty tops 19,100

Closing Bell on Thursday, November 02: Jerome Powell's comment that "despite elevated inflation, the longer term inflation expectations remain well anchored" was taken by the markets as dovish

2:44 PM

Godrej Properties Q2FY24 result: Net profit at Rs 72 cr; revenue up 107%

The revenue from operations for Q2FY24 came in at Rs 343 crore, compared to Rs 165.09 crore year-on-year. Read

2:33 PM

SmallCap pharma stocks in focus; Bliss GVS, Lincoln, Solara zoom up to 20%

Shares of small-cap pharmaceutical companies were on a roll on Thursdyay, zooming up to 20 per cent on the BSE amid heavy volumes. Read

2:15 PM

Deepak Fertilisers cracks 7% on weak Q2 results

Deepak Fertilisers Q2 net profit down 78% to Rs 60.1 crore vs Rs 272 crore a year ago. 

 

Revenue down 11% YoY to Rs 2,424 cr.
 

Margin at 11.8% vs 18.2% a year ago. 

2:00 PM

Lupin receives approval from the US FDA for its Selexipag for injection

In 2022, sales of the Selexipag Franchise in the US stood at $ 1.1 billion. The sales for January 1 to September 30, 2023, stood at $978 million. Read

1:45 PM

Coal India's supply to thermal power plants rises 11% to 50.8 MT in October

State-owned CIL's coal supply to electricity generating plants rose by 11 per cent to 50.8 MT in October amid higher power demand in the festive month. Read

1:33 PM

Tata Motors to supply, operate 200 e-buses in Srinagar, Jammu for 12 yrs

The company has supplied the first batch of Ultra EV air-conditioned electric buses to Srinagar Smart City Ltd, via TML Smart City Mobility Solutions (J&K) Pvt Ltd. Read

1:15 PM

53% opt for personal loan even before 30, Bengaluru most credit healthy city

A whopping 53% of Indians took their first personal loan before reaching the age of 30, and 22% of the personal loan consumers were under the age of 25. Read

1:04 PM

Lenders prefer salaried individuals with steady income for personal loans

While more than 25% of salaried borrowers have an excellent credit score of 770 and above, only 14% of self-employed consumers have such strong credit score profiles. READ MORE

12:54 PM

Stock of this SME telecom infrastructure company nearly doubles in 5 weeks

Shares of Bondada Engineering were locked in 10-per cent upper circuit after the company received five-year operations and maintenance (O&M) contract worth of Rs 381 crore from BSNL. READ MORE

12:43 PM

Asian Market Update:: Kospi, Taiwan hold strong gains

Source: Yahoo Finance

12:32 PM

M&A activity dips amid geopolitical concerns, only 5 mega deals this year

Rising interest rates, geopolitical tensions, and recession fears have led to a downturn in Mergers and Acquisitions (M&A) activities in the first quarter of 2023, said a Boston Consulting Group report. READ MORE

12:19 PM

Record number of small, medium-sized firms going public in India this year

A record number of small- and medium-sized companies going public amid an equities rally has made India one of the world’s busiest listings markets this year. READ MORE

12:08 PM

REC rallies 9% on highest-ever quarterly profit in Q2; PFC surges 7%

REC in a public statement said the increase in profit was owing to the "improving asset quality, increase in lending rates and effective management of finance cost". READ MORE

11:56 AM

ALERT:: PSP Projects Q2 net soars 72%; stock rallies 4%

PSP Projects Q2 net profit surged 72 per cent to Rs 39.41 crore for the quarter ended September 2023 when compared with Rs 22.92 crore in the quarter a year ago. Total income increased by 68 per cent YoY to Rs 613.18 crore.

11:44 AM

ALERT:: D B Realty inks settlement deal with Reliance Commercials; stock marginally up

The subsidiaries of D B Realty have entered into a Share Purchase Agreement to sell their entire shareholding in equity shares & OCDs in Siddhivinayak Realties to Reliance Commercial Finance (RCFL) for Rs 376.18 crore in order to settle part of the group liabilities given by RCFL to the company.