Sensex plunges 901 pts, Nifty nears 18,850 as sell-off enters 6th day

Closing Bell on October 26, 2023: In the broader market, the BSE MidCap index shed 0.94 per cent, and the BSE SmallCap index fell 0.19 per cent

3:26 PM

Q2 Earnings :: Shriram Finance reports PAT of Rs 1,751 crore

>> PAT was Rs 1,555.1 crore YoY

>> NII at Rs 4,934 crore vs Rs 4,174 crore YoY

>> Dividend declared of Rs 20/share

>> GNPA at 5.79% vs 6.03% QoQ

>> NNPA at 2.8% vs 2.96% QoQ

3:16 PM

Cipla Q2 net profit seen rising 25% YoY; US sales may drop QoQ to $215 mn

As per an average of six brokerage estimates, the drug maker may report 11 per cent yearly (YoY) growth in revenue to Rs 6,469 crore. Profit after tax could rise 25 per cent YoY to Rs 985 crore. READ MORE

3:06 PM

ALERT:: Coromandel International Q2 revenue dips 31%; stock tumbles 4%

Coromandel International today reported a 1.9 per cent growth in Q2 consolidated net profit at Rs 754.59 crore for the quarter ended September 2023 when compared with Rs 740.56 crore in the corresponding quarter a year ago. Total income, however, declined 30.7 per cent YoY to Rs 7,032.92 crore.

2:57 PM

Maruti Q2 preview: Focus on SUVs, lower costs to aid margins, say analysts

At the bottomline level, analysts expect the company's standalone net profit to rise up to 66 per cent year-on-year. READ MORE

2:48 PM

Market check:: BSE SmallCap index recovers over 2% from the day's low

2:40 PM

ALERT:: PNB Q2 net profit surges 327%; stock marginally down

The bank's gross non-performing assets (NPAs) fell to 6.96% as of September 30, as compared to 7.73% in the previous quarter. READ MORE

2:29 PM

ECB set to halt rate hikes as Mideast war casts a shadow over economy

It would be the bank's first meeting with no change after a torrid pace of 10 straight increases dating to July 2022 that pushed its key rate to a record-high 4 per cent. READ MORE

2:18 PM

ALERT:: ACC posts Rs 388 cr profit in Q2; stock marginally up

ACC today reported a consolidated net profit of Rs 387.88 crore for the quarter ended September 2023. In comparison, the company has posted a net loss of Rs 87.32 crore in the year ago period. Total income was up 14.5 per cent YoY at Rs 4,644.78 crore.

2:06 PM

HDFC Bank slips 2%; stock weak for third straight day, nearing 52-week low

Shares of HDFC Bank continued to reel under pressure, down 2 per cent at Rs 1,460.55 on the BSE in Thursday’s intra-day trade. The stock of largest private sector bank was trading lower for the third straight day, and has slipped 4 per cent during this period. It was quoting close to its 52-week low of Rs 1,448.75 touched on October 28, 2022. READ MORE

1:56 PM

ALERT:: Asian Paints Q2 net jumps 53%; stock slips 3%

Asian Paints Q3 net profit jumped 53.3 per cent to Rs 1,232.39 crore for the quarter ended September 2023 as against Rs 803.83 crore in the corresponding quarter a year ago. Revenue from operations were up 0.25 per cent YoY at Rs 8,478.57 crore.

1:42 PM

ALERT:: TTML Q2 net loss widens to Rs 310 cr; stock dips 3%

Tata Tele Maharashtra Services (TTML) today reported widening of loss to Rs 310.23 crore for the quarter ended September 2023. The company has posted a net loss of Rs 292.76 crore in Q2FY23. Total income grew 3.4 per cent YoY to Rs 288.62 crore.

1:33 PM

Fined Rs 17 crore by Sebi: All you need to know about 'Baap of Chart'

The Securities and Exchange Board of India (Sebi) on Wednesday barred financial influencer Mohammad Nasiruddin Ansari, operating with the handle "Baap of Chart" on social media, from accessing the market. The market regulator has also asked him to disgorge Rs 17.2 crore for indulging in unregistered investment advisory. READ MORE

1:22 PM

ALERT:: Canara Bank Q2 net rises 43%; stock up 1%

Canara Bank today reported 42.8 per cent surge in Q2 net profit at Rs 3,606 crore when compared to the year ago period. Net Interst Income rose 19.8 per cent YoY to Rs 8,903 crore.

1:13 PM

Market check:: Sharp losses across the board; India VIX soars 9%

1:01 PM

Zerodha forays into MF space with passive fund launches: Should you invest?

The two funds will be open-ended, passive and index equity mutual fund schemes. The two will be benchmarked against the Nifty LargeMidcap 250 Index TRI (total returns index). Read