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

SI Reporter New Delhi

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9:37 AM

Welspun India drops over 6% after rallying 12% Wednesday post Q2 results

9:35 AM

Bonus issue plan, interim dividend lift Sonata Software 3.5%

>> Its net profit climbed 10 per cent YoY to Rs 124.2 crore for the September quarter, while revenue grew 28 per cent YoY to Rs 1,912.6 crore.

>> The company declared an interim dividend of Rs 7 per share for FY24.

>> It also approved and recommended a bonus issue of 1 equity share for every 1 equity share held by the shareholders of the company as of the record date.

9:33 AM

CMS Info Systems slides over 3% amid profit booking post Q2

>> It reported a 16.41 per cent YoY growth in consolidated net profit at Rs 84.4 crore in Q2FY24.

>> The new business wins were Rs 500 crore in the reporting quarter.

9:31 AM

Indus Tower in green post Q2 results

>> The telecom infrastructure company's consolidated net profit increased by 49 per cent YoY to Rs 1,295 crore in the September quarter.

>> The consolidated revenue, however, declined 10 per cent YoY due to deferred expenses.

9:30 AM

Jubilant FoodWorks tumbles 5% as SSG contracts in Q2

>> The Domino's Pizza and Dunkin' Donuts operator reported a 26 per cent YoY fall in net profit at Rs 97.2 crore for Q2FY24.

>> Revenue rose 5 per cent YoY, while Same Store Sales Growth (SSSG) contracted by 1.3 per cent from 8.4 per cent growth YoY.

9:28 AM

Adani group stocks trade mixed amid NFRA inspection report

>> The audit regulator, the National Financial Reporting Authority (NFRA), has approached various firms involved in the audit of listed companies in the Adani Group, seeking files and communications relating to the workings of these audit firms on this diversified conglomerate, Bloomberg reported.

9:25 AM

Tech M slides 3% as PAT sees biggest decline in 16 years in Q2

>> The consolidated net profit of Tech Mahindra for Q2FY24 fell 61.10 per cent YoY to Rs 505.30 crore -- the biggest drop in 16 years.

>> While the total contract value of new deal wins increased by 78 per cent QoQ to Rs 5,300 crore, it was down 10 per cent YoY.

9:23 AM

Axis Bank holds gains in weak market as margins expand in Q2

>> Axis Bank, on Wednesday, logged a consolidated net profit of Rs 5,863.56 crore for Q2FY24, up 10 per cent year-on-year (YoY), on the back of an improvement in margin, increased income and healthy asset quality.

>> The net interest margin (NIM) improved to 4.11 per cent, up from 3.96 per cent a year ago.