Sensex plunges 695 pts, Nifty below 18,100 as HDFC twins sink up to 6%

CLOSING BELL: HDFC and HDFC Bank accounted for a loss of 645 points on the BSE benchmark. Broader indices ended with relatively lesser losses of around 0.5 per cent each.

3:02 PM

Earnings Alert:: KFin Technologies Q4 net rises 32%; stock slumps 5%

KFin Technologies reported a 31.8 per cent growth in Q4FY23 net profit at Rs 195.74 crore; backed by a 12.6 per cent YoY to Rs 720.03 crore in revenue from operations.

2:53 PM

Earnings Alert:: Sutlej Textiles reports loss in Q4; stock tumbles over 8%

Sutlej Textiles today reported a net loss of Rs 24 crore for the quarter ended March 2023 as against a net profit of Rs 52 crore in the corresponding quarter a year ago. Total income declined by 16.5 per cent to Rs 752 crore from Rs 901 crore.

2:41 PM

Sebi to tell brokers, mutual funds to limit use of financial influencers

Sebi will ask brokers, traders registered with it and mutual funds to stop associating with financial influencers who are seen to be giving misleading advise and inducing investors, the report said. READ MORE

2:29 PM

ALERT :: Aurionpro Payments receives in-principle approval from RBI to operate as Payment Aggregator

 

2:24 PM

Macroeconomic factors, better consumer confidence push industry optimism up

According to the Knight Frank-Naredco Real Estate Sentiment Index, released on Friday, the Future Sentiment Score jumped from 58 in the quarter that ended December 2022 to 61 in the quarter that ended March 2023. READ MORE

2:11 PM

Manappuram Finance says enforcement action against promoter, not company

Manappuram's promoter, V.P. Nandakumar, said in the notification that the probe was not related to the company but a private entity called Manappuram Agro Farms, which is no longer in existence. READ MORE

1:57 PM

Stable macro data, earnings trigger FPI buying in shares in April: NSDL

The benchmark Nifty 50 jumped 4.06% in April, its best month since November, aided by the stable earnings as well the return of the FPIs into domestic equities. READ MORE

1:45 PM

Earnings Alert:: Symphony Q4 net flat at Rs 43 cr; stock tumbles 7%

Symphony standalone net profit remained flat at Rs 43 in Q4FY23, while total income declined almost 5 per cent to Rs 250 crore in the quarter ended March 2023 as against Rs 263 crore in the year ago period.

1:33 PM

Earnings Alert:: Bharat Forge Q4 net slips 7%; stock dips over 3%

Bharat Forge standalone net profit declined 6.7 per cent to Rs 244.52 crore for the quarter ended March 2023 as against Rs 261.96 crore in the quarter ended March 2022. Total income, however, grew 17 per cent YoY to Rs 2,036.36 crore.

1:21 PM

Earnings Alert:: Federal Bank Q4 net surges 67%; stock down 5%

Federal Bank today reported a sharp 67 per cent surge in Q4 net profit at Rs 902.61 crore for the quarter ended March 2023 when compared with Rs 540.54 crore in the year ago period. Total income rose 38.1 per cent YoY to Rs 5,454.60 crore. READ MORE

1:13 PM

Asian Markets Update: Exhibit mixed trend

Source: Yahoo Finance

1:02 PM

ITC increases stake in food brand Sproutlife to 39.42% for Rs 175 cr

Earlier in January this year, ITC had said that it would acquire 100% of Sproutlife Foods Private Limited, makers of Yoga Bar healthy foods. READ MORE

12:56 PM

Record gold prices to dampen India's demand in June, Sept quarters: WGC

Indian gold demand in the March quarter fell 17% to the lowest level in 10 quarters and is likely to remain subdued even during June and September quarters on record-high prices, the World Gold Council (WGC) said on Friday. READ MORE

12:45 PM

Accenture India chief Rekha Menon to retire; Ajay Vij appointed new MD

Sandeep Dutta to lead professional services company's India Market Unit. READ MORE

12:35 PM

CEAT rallies over 5% in weak market on 5-fold jump in Q4 net

The tyre-maker reported 420.7 per cent surge in Q4 net profit to Rs 132.42 crore for the quarter ended March 2023 as against Rs 25.43 crore in the year ago period. READ MORE