Sensex jumps 685pts, Nifty ends near 17,200; Infosys, HDFC, HDFC Bank shine

CLOSING BELL: A sharp pull-back in the US overnight triggered the relief rally in our markets on Friday. Benchmark indices however pared gains in the latter half of the trading day.

4:11 PM

Expert View: Rally can continue led by festival demand, Q2 results

"The domestic market showed an uptick, in-line with the surprise bounce in the US market. Initially the US market fell because the data exceeded the forecast. However, it recovered quickly, due to the oversold state of the market. The rally in the domestic market was led by large caps, with IT and banking at the forefront due to the robust start to Q2 earnings. The rally can continue in the short-term led by festival demand, Q2 results and positive trend of the global market."

 

- Vinod Nair, Head of Research at Geojit Financial Services

4:05 PM

IT, Financials led the market rally, while energy shares weigh

"With Inflation becoming the most widely watched economic statistic globally, yesterday's inflation print in the US saw extreme volatility there and as expected our markets opened gap up in sync with global cues. IT & Financials buoyed by earnings led the rally before profit taking in Energy stocks wiped off a bit of gains. The broader markets did see buying interest in select stocks on the back of quarterly earnings although the gains were visible only across Large Cap names."

- S Ranganathan, Head of Research at LKP securities. 

 

4:04 PM

Adani Enterprises slips nearly 1%; co denies plans to buy cement biz of Jaiprakash

4:00 PM

HDFC Bank gains 3.4% ahead of Q2 earnings; Net seen rising 21% YoY

The private sector lender is scheduled to announce its Q2 results on Saturday. Analysts expect HDFC Bank to clock high-teen growth in its net interest income (NII) during the July-September quarter (Q2) of fiscal 2022-23 (FY23), on a year-on-year (YoY) basis, on the back of over 20 per cent growth in its loan book, and around 19 per cent in deposits. READ MORE

3:52 PM

Broader indices slip into red towards the close, India VIX dips 10%

3:50 PM

Nifty 50:: Top FIVE gainers and losers on Friday

3:48 PM

Sensex 30 Heatmap:: 20 Gainers v/s 10 Losers; Infy, HDFC twins shine

3:47 PM

NSE Nifty 50 ends 171 points higher at 17,186

3:35 PM

Closing Bell: S&P BSE Sensex ends 685 pts higher at 57,920

3:27 PM

Federal Bank zooms 6%; hits new peak on highest ever quarterly profit in Q2

Shares of Federal Bank surged 6 per cent to hit an all-time high of Rs 132.10 on the BSE in Friday’s intra-day trade on heavy volumes after the bank delivered its highest ever quarterly net profit at Rs 704 crore (up 53 per cent year-on-year) in the September quarter (Q2FY23). READ MORE

3:13 PM

Global Check:: US, UK stock futures exhibit mixed trend

Source: Investing.com

3:04 PM

BSE 500:: IFB Industries, GNFC, Rites among volume shockers

IFB Industries has witnessed unusually high volume of around 20,659 shares on the BSE so far as against its five-day average volume of around 844-odd shares. Similarly, P I  Industries, GNFC, Rites and Biral Corporation also witnessed a significant spike in volume on Friday.

2:55 PM

News Alert: Maruti Suzuki S-Presso now also available with S-CNG technology

According to a release issued by the company to the BSE on Friday, Maruti Suzuki announced the launch of the S-CNG variant of the adventurous and dynamic S-Presso. The S-CNG variant of the S-Presso with its dual-fuel flexibility will enable its energetic customers to further their passion for discovering and exploring exciting experiences.

2:50 PM

Asian govts spent $50 bn in Sept to defend currencies from strong US dollar

Dollar sales in the region over the first nine months of the year have reached approximately $89 billion including Japan, marking the most active period for foreign-exchange expenditures. READ MORE

2:40 PM

Gold proves its mettle against Sensex, price rises 2.6% in CY22

Gold's outperformance over equity has been even better in the international market, thanks largely to a big sell-off in equities in advanced economies such as the US and Western Europe. READ MORE

2:31 PM

Asian Markets Update:: Major indices end with over 2% gains

Source: Yahoo Finance

2:22 PM

Nykaa hits lowest level since listing; stock slips 53% from record high

The stock hit lowest level since its listing in November last year and was down the fourth straight day at Rs 1,206.90, falling 6 per cent, during the period. In comparison, the S&P BSE Sensex was up 1.8 per cent at 58,245 points. READ MORE

2:13 PM

BSE 500:: Top losers so far

Poly Medicure down 2.4 per cent was the top loser among the BSE 500 stocks so far. Varun Beverages, Schaeffler India, SPARC and National Aluminium were the other noteable losers on Friday.

2:04 PM

Infosys, Kotak Mahindra Bank, Maruti Suzuki among top buys for MFs in Sept

Taking advantage of the weakness in the market, domestic mutual funds (MFs) pumped in Rs 18,600 crore into domestic stocks in September even foreign portfolio investors (FPIs) pulled out Rs 13,400 crore. READ MORE

1:55 PM

Alert: Federal Bank Q2 net rises 53% to Rs 704 cr; stock soars 5%

Federal Bank has reported a 53 per cent jump in Q2 net profit at Rs 704 crore. According to a release issued by the bank to the BSE, operating profit rose to highest-ever Rs 1,212 crore. 

1:47 PM

Inflation will not come below RBI's tolerance level in FY23: IMF's Choueiri

A few days after the International Monetary Fund (IMF) cut India’s economic growth by 60 basis points to 6.8 per cent for 2022-23, compared to its earlier forecast of 7.2 per cent, its India Mission Chief Nada Choueiri tells Indivjal Dhasmana that the new growth rate is not bad since emerging market and developing economies are expected to grow by only 3.7 per cent on average in 2022. READ MORE

1:39 PM

BSE 500:: Top gainers so far

IFB Industries up 8.6 per cent was the top gainer among the BSE 500 stocks so far on Friday. It was followed by Brightcom Group, TCNS Clothing, Tata Investment Corporation and GNFC, up over 5 per cent each.

1:27 PM

FM Sitharaman offers open source network India Stack to other countries

India 'setting standards' in using technology to deliver public services; economy doing well: Finance Minister. READ MORE

1:20 PM

Vikas Lifecare rises 2% after it acquired 51% stake in Shashi Beriwal & Co

1:10 PM

Unichem Lab gains 1% after USFDA's nod for seizure treatment drug

1:00 PM

Birlasoft gains 2% after it fixes Nov 2 record date for interim dividend

12:50 PM

STOCK ALERT | Asian Energy spurts 18% post it secures Rs 161 crore order

12:43 PM

L&T gains 3% on significant order wins for water & effluent treatment biz

So far this month, L&T has won a total of five 'significant' orders across diverse segments. READ MORE

12:24 PM

Wholesale inflation eases to 10.7% in September from 12.41 in August

Inflation in September, 2022 is primarily contributed by rise in prices of mineral oils, food articles, crude petroleum & natural gas. READ MORE

12:13 PM

Sugar producers sign deals in 'golden opportunity' on tight global market

Mills in India, which vies with Brazil as the world's top sugar producer, have so far contracted to export about 1.2 million tons and aim to ship as much as 8 million tons in the 2022-23 year. Read here