Sensex leaps 1,181 pts, Nifty holds 18350 amid global rally; HDFC duo up 6%

CLOSING BELL: Barring minor downtick in the Nifty Auto, FMCG, and PSU Bank indices, all other sectoral indices advanced on the bourses. The Nifty IT index led from the front with around 4% surge

4:10 PM

COMMENT:: Markets cheered lower-than-expected US inflation data

"The domestic market joined the global run as markets across the world cheered the lower-than-expected US inflation data. The US dollar slumped along with treasury yields as investors evaluated the likelihood of a less hawkish rate hike by the Fed. Reduced treasury yields will aid to improve FII inflows. The rally of domestic market was led by IT stocks as recession fears reduced and HDFC twins after merger overhang."

 

- Vinod Nair, Head of Research at Geojit Financial Services

4:08 PM

HDFC Bank, HDFC hit over 7-month highs; stocks rally up to 15% in one month

Shares of a mortgage lender Housing Development Finance Corporation (HDFC), and its associate company HDFC Bank hit their respective over seven-month highs on Friday as they rallied nearly 6 per cent in the intra-day trade. READ MORE

 

4:05 PM

Rupee ends stronger at 80.81/$, gains 1.2%

Source: Bloomberg.com

4:03 PM

DCX Systems makes strong debut, stock ends Day at 49% premium over issue price

DCX Systems (DCX) made a strong market debut, with its equity shares listed at Rs 286.25, a 39 per cent premium to its issue price of Rs 207 per share on the BSE. The stock eventually ended Day 1 at Rs 308.80. READ MORE

4:00 PM

Zomato soars 14% on heavy volume as net loss narrows to Rs 251 cr in Q2FY23

Shares of Zomato soared 13.8 per cent to Rs 72.80 amid heavy volumes, after the food delivery aggregator's net loss narrowed to Rs 251 crore for the September quarter (Q2FY23), as against Rs 429.6 crore, in the year-ago period. READ MORE

3:59 PM

Lumax Inds hits 20% upper circuit on strong Q2 results, capex plan

Shares of Lumax Industries ended almost 20-per cent upper circuit higher at Rs 1,794.50 on the BSE on Friday after the company’s consolidated net profit more-than-doubled to Rs 32.97 crore in the September quarter (Q2FY23) on healthy operational income. READ MORE

3:55 PM

Primary Market Update:: Five Star IPO seen struggling; Archean gets strong response

Archean Chemical subscribed 30.5 times on Day 3

 

Five Star Business IPO subscribed 69 per cent on Day 3

 

Kaynes Technologies subscribed 78 per cent on Day 2

 

INOX Green Energy subscribed 35 per cent on Day 1

 

(Data as of 3:50 PM)

3:46 PM

Nifty IT Index soars 3.8%; CoForge, MphasiS top percentage gainers

3:44 PM

Market breadth marginally positive; 133 stocks hit new 52-week high on BSE

3:43 PM

Broader markets underperform; Midcap, Smallcap indices ended largely flat; VIX down 7%

3:40 PM

Nifty 50 Losers:: Eicher Motors skids 5%; Hero MotoCorp 1.7%

3:38 PM

Nifty 50 Gainers:: HDFC, HDFC Bank, Infosys lead charge

3:37 PM

Sensex 30 Heatmap:: 23 Gainers v/s 7 Losers

3:35 PM

NSE Nifty50 rallies 321 pts, settles at 18,350

3:33 PM

Closing Bell:: Sensex ends 1,181 pts higher at 61,795

3:25 PM

Global Check:: US, UK stock futures up over 0.5% each

Source: Investing.com

3:14 PM

Earnings Alert:: Adani Power reports Q2 turnaround; stock down 3.7%

Adani Power reported a consolidated net profit of Rs 677.03 crore for the quarter ended September 2022 as against a net loss of Rs 238.71 crore in the corresponding quarter a year ago. Total income surged 51.6 per cent to Rs 8,445.99 crore on a YoY basis.

3:04 PM

Oil prices jump by over 2% as China eases some coronavirus restrictions

Oil prices jumped more than 2% on Friday after health authorities in China, the top global crude importer, eased some of the country's heavy COVID curbs. READ MORE

2:54 PM

BSE 500:: PB Fintech, Equitas Holdings among volume shockers

PB Fintech witnessed unusually high volume of around 1.76 crore shares so far as against its five-day average volume of around 92,200-odd shares on the BSE. Similarly, Equitas Holdings, IIFL wealth Management, Strides Pharma and GNFC saw a significant spike in volume on Friday.

2:44 PM

Moody's cuts India's GDP growth projection for 2022 from 7.7% to 7%

Moody's on Friday slashed India's GDP growth projections for 2022 to 7 per cent from 7.7 per cent earlier as the global slowdown and rising domestic interest rates will dampen economic momentum. READ MORE

2:34 PM

China eases Zero-Covid policy, removes curbs on international flights

China has trimmed the quarantine time for inbound travellers and scrapped curbs on international flights, as it began to ease its stringent Zero-COVID policy. READ MORE

2:22 PM

Mahindra & Mahindra September quarter profit up 44% at Rs 2,773 crore

Homegrown diversified group Mahindra & Mahindra on Friday reported 44 per cent increase in consolidated profit at Rs 2,773 crore for September quarter, boosted by robust sales across business verticals. READ MORE

2:15 PM

Earnings Alert:: Exide Industries Q2 net jumps 24%; stock flat

Exide Industries on Friday reported a 24.1 per cent jump in Q2FY23 consolidated net at Rs 241.12 crore as against Rs 194.24 crore in the corresponding quarter a year ago. Total income was up 14 per cent YoY at Rs 3,876.77 crore.

2:05 PM

BSE 500:: Top losers so far

GNFC down 9.5 per cent each was the top loser among the BSE 500 stocks. Indian Hotels, Aster DM Healthcare, Eicher Motors and Gujarat Flurochem were the other major losers, down 4 - 8 per cent each.

1:57 PM

BSE 500:: Top gainers so far

FSN E-Commerce (Nykaa) up 13.5 per cent was the top gainer among the BSE 500 stocks so far on Friday. It was followed by Zomato, Brightcom Group, Info Edge and Equitas Small Finance, up 6 - 12 per cent each.

1:45 PM

Global Check:: Hang Seng soars 7.5% in Asia trade; Nikkei 3%

Source: Yahoo Finance

1:35 PM

Aided by festive demand, PV wholesales up 29% to 291,113 units in Oct: SIAM

Three-wheeler wholesales last month rose to 54,154 units from 31,812 units in the year-ago period. Passenger three-wheelers are witnessing better offtake due to increased shared mobility in semi-urban and urban areas. READ MORE

1:23 PM

ALERT :: SC directs centre to consider rethink on additional 10% levy on on Vedanta’s revenue

>>  Vedanta proposes doubling of production from Barmer, if centre withdraws additional 10% levy

1:13 PM

Eicher Motors dips 5% on profit booking post firm September quarter results

The stock fell 6 per cent from its intra-day high of Rs 3,740.75 today. While in the past six months, the stock has appreciated by nearly 50 per cent as compared to a 14 per cent rise in the S&P BSE Sensex. In the last one year, it has surged 31 per cent as against a 3 per cent gain in the benchmark index. The stock had hit a record high of Rs 3,886 on November 1, 2022. READ MORE

Eicher Motors

12:58 PM

Q2 earnings miss: ACC, UltraTech Cement, Ramco Cements look weak on charts

Ambuja Cements (AMBUJACEM)

Upside potential: 8% to 11%

At present, the immediate support is at Rs 500 and the breakout over Rs 540 shall continue to bolster any sudden weakness. Trend now suggests the positive rally is headed to Rs 600 and Rs 625. READ MORE