Sensex, Nifty end flat after choppy day; Titan up 5%, Varroc Engg tanks 7%

CLOSING BELL: The three-day IPO of Electronics Mart India was subscribed 62 times till 3:30 PM

4:14 PM

COMMODITIES CHECK: Brent Crude climbs above $95 per barrel

source: oilprice.com

4:10 PM

GLOBAL CHECK: US equity futures flat in trade

4:05 PM

TECHNICAL VIEW: Rupak De, Senior Technical Analyst at LKP Securities

The benchmark Nifty remained volatile before closing on a muted note. However, the index has closed above 50 EMA, confirming the ongoing positive trend. Going forward, the trend is expected to remain positive as long as the Nifty sustains above 17300. On the higher end, the 17600-17700 zone may act as resistance, whereas, on the lower end, support is visible at 17200.

4:00 PM

MARKET COMMENT: Vinod Nair, Head of Research at Geojit Financial Services

Prior to the release of the US jobs data, the domestic market traded with cuts in line with its global counterparts. Stronger-than-anticipated job data may lead to a market decline as it could give the Fed more reasons to focus on inflation. Following OPEC+'s announcement of supply reductions, crude prices have continued to rise, while the rupee has dropped to a fresh low as a result of hawkish remarks from Fed officials.

3:55 PM

Over 1,900 stocks advanced while 1,514 declined

3:51 PM

Tata Consumer, BPCL, M&M top Nifty50 losers

3:48 PM

Titan, Power Grid, Grasim top Nifty50 gainers

3:45 PM

Smallcaps outperform benchmark; India VIX slips 2%

3:43 PM

Marginal gains seen in Media, Realty, Private Bank indices

3:40 PM

SENSEX HEATMAP: 12 out of 30 index constituents end in green

3:37 PM

CLOSING BELL: Sensex closes flat at 58,191 levels

3:35 PM

CLOSING BELL: Nifty50 closes flat above 17,300 levels

3:25 PM

Equitas SFB gross advances up by 20% at Rs 22,802 cr at September end

Equitas Small Finance Bank on Friday said its gross advances grew by 20 per cent to Rs 22,802 crore at end of September 2022 quarter. READ MORE

3:19 PM

Lupin ties up with global agencies to support tuberculosis treatment

Drug firm Lupin has tied up with Unitaid, The Aurum Institute, the Clinton Health Access Initiative, and other global procurement agencies to support tuberculosis prevention treatment initiative. READ MORE

3:10 PM

TCS Q2 margin may expand sequentially; revenue seen rising up to 9% YoY

TCS Q2 preview: The company's EBIT margins are likely to improve by 40-118 basis points on a quarterly basis due to improved pricing, operating leverage, and absorption of wage hikes. READ MORE

3:02 PM

Gautam Adani announces investment worth Rs 65,000 cr in Rajasthan

Richest Asian Gautam Adani on Friday announced a Rs 65,000 crore investment in Rajasthan over the next 5 to 7 years in setting up a mega 10,000 MW solar power capacity, expanding cement plant and upgrading Jaipur airport. READ MORE

2:52 PM

Infosys again faces legal action for age and gender discrimination in US

Infosys Technologies is yet again being sued by a former senior employee for discrimination on the basis of age, gender and ethnicity while hiring in the US. The suit filed by Jill Prejean, VP of talent acquisition, has alleged that the company discriminated and retaliated when she tried to point out the discriminatory actions. READ MORE

2:43 PM

Kalyan, PC Jeweller hit 52-week highs on hopes of strong demand

After muted months of July and August, mainly due to delayed weddings in South India, analysts expect demand to bounce back in the December quarter given Navratri, and festive season across India. READ MORE

2:33 PM

BSE 500:: Titan, GSFC, Varroc Engineering among volume shockers

Titan Company has witnessed unusually high volume of around 2.40 lakh shares on the BSE so far as against its five-day average volume of around 29,900-odd shares. Similarly, Century Plyboard, GSFC, Varroc Engineering and Shyam Metalics also witnessed a significant spike in volume on Friday.

2:24 PM

Global Check:: US, UK stock futures marginally in red

Source: Investing.com

2:16 PM

Transportation theme catches fund houses' fancy as stocks outperform

The Nifty Transportation & Logistics Index has surged 14 per cent in the past year, even as the benchmark Nifty50 remained flat. Some fund houses see this uptick in the transportation and logistics sector as the start of a multi-year recovery cycle. READ MORE

2:07 PM

BSE 500:: Stocks recovering smartly from the lows of the day

PNB Housing has gained nearly 5.5 per cent from the lows of the day so far. Similarly, Mishra Dhatu Nigam, Mazagon Dock, Rites and EClerx Services were some of the other prominent movers among the BSE 500 on Friday.

1:58 PM

Dabur India flags up to 200 bps margin hit in Q2 as inflation bites

Consumer goods major Dabur India on Thursday warned that soaring inflation during the second quarter could lower its operating margin by around 150-200 basis points year-on-year, while revenue likely grew in mid-single digits. READ MORE

 

1:49 PM

RattanIndia to buy 100% stake in electric motorcycle maker Revolt Motors

RattanIndia Enterprises Ltd said on Friday it was buying the stake it did not already own in electric motorcycle maker Revolt Motors, at a time when eco-conscious consumers are turning to alternatives to conventional vehicles. READ MORE

1:39 PM

BSE 500:: Top losers so far

Varroc Engineering down over 7 per cent was the top loser among the BSE 500 stocks so far. The Ramco Cement, IDFC First Bank, Dalmia Bharat and Aavas Financiers were the other prominent losers on Friday.

1:30 PM

Power Mech up 4% in a weak mkt; soars 54% in 1-mnth on strong order book

Shares of Power Mech Projects gained 4 per cent to hit a new high of Rs 2,089.45 in Friday’s intra-day trade, in an otherwise weak market. The stock quoted higher for fifth straight trading days as shares surged 21 per cent during the period. In comparison, the S&P BSE Sensex was down 0.41 per cent at 57,984 points at 12:32 PM. READ MORE

1:21 PM

Asian Markets Update:: A sea of red - Hang Seng, China dip up to 1.3%

Source: Yahoo Finance

1:11 PM

RBI sells dollars as rupee hits record low on US interest rate hike fears

The Reserve Bank of India likely sold dollars via state-run banks on Friday after the rupee slid below 82 to a record low against the dollar on concerns over the US Federal Reserve rate outlook. READ MORE

1:02 PM

Crypto exchange ZebPay applies for license in Singapore, also eyeing UAE

One of India’s oldest cryptocurrency exchanges is looking overseas for growth as the nation’s tax policies crush the domestic market.  Eight-year-old ZebPay has applied for a license in Singapore and is assessing the potential of a similar step in the United Arab Emirates, outgoing Chief Executive Officer Avinash Shekhar said in an interview. READ MORE

12:53 PM

BSE 500:: Top gainers so far

Titan with a gain of 5 per cent was the top gainer among the BSE 500 stocks so far on Friday. It was followed by Rites, Shree Renuka Sugar, Kalyan Jewellers and EClerx Services.