Sensex rises 142 pts in fag-end, Nifty near 17,900; broader indices fall

CLOSING BELL: Adani Enterprises, Adani Ports, Hero MotoCorp, Cipla, JSW Steel, Bharti Airtel, Sun Pharma, UPL, Ultratech Cement, HDFC, Bajaj Auto, and Tata Motors fell over half a per cent to 11%

4:05 PM

COMMENT:: DIIs support markets; Smallcaps look appealing

"Following the shaky closing of the US markets, domestic markets traded close to the flatline as more Fed speakers echoed Powell's aggressive remarks. While FII selling continued to lower investor confidence, significant support from DIIs provided the domestic market a comforting cushion. Investors need to adopt value buying as a strategy. Due to a decrease in valuation near long-term averages, smallcap companies are looking appealing over the long term."

 

- Vinod Nair, Head of Research at Geojit Financial Services
 

4:02 PM

Adani group stocks under pressure as MSCI to review free float status

Shares of Gautam Adani group companies were under pressure as they fell sharply on Thursday, after the index provider MSCI said that it will review free float status of the listed group companies. READ MORE

4:01 PM

Adani Wilmar bucks weak trend in group companies; surges 5% post Q3 results

Shares of Adani Wilmar (AWL) were up 5 per cent to Rs 405.10 on the BSE in Thursday's intra-day trade after the Adani group's edible oil company reported 15 per cent year-on-year (YoY) growth in standalone profit after tax at Rs 277 crore in December quarter (Q3FY23). READ MORE

3:59 PM

M&M's Q3 revenues may rise up to 42% YoY, fall in RM prices to aid margins

Auto major Mahindra and Mahindra (M&M) is likely to clock up to 42.5 per cent year-on-year (YoY) growth in revenues to Rs 21,712 crore in the October-December quarter (Q3FY23), brokerages estimate. In the year-ago period, the company reported revenues at Rs 15,238 crore. The tractor-to-SUV maker will announce results on Friday, February 10. READ MORE

3:57 PM

Trent zooms nearly 9% on healthy revenue growth in December quarter

Trent said, the Star business with tight footprint stores and focus on fresh foods & own brands offering continue to witness improved customer traction with growing sales densities. READ MORE

3:55 PM

Cummins India surges 7%, hits record high on robust Q3 results

The company reported record quarterly revenue driven by strong domestic and export revenue coupled with prudent cost management resulting in record quarterly profit. READ MORE

3:52 PM

Page Industries slips 3%, hits 52-week low on disappointing Q3 results

Shares of Page Industries, the country's largest innerwear maker, hit a 52-week low of Rs 37,650.75, down 4 per cent on the BSE in Thursday’s intra-day trade, after the company reported a disappointing set of results for the quarter ended December 2022 (Q3FY23). READ MORE

3:50 PM

Market Breadth was marginally negative; 1,756 stocks declined v/s 1,709 advanced

3:47 PM

BSE Smallcap Heatmap:: WPIL zooms 20%; EKC, Patel Engineering tank 9%

3:45 PM

BSE Midcap Heatmap:: Trent, Cummins India, PolicyBazaar shine; Adani Power, MRF slip

3:43 PM

Broader markets underperformed, end in red

3:42 PM

Nifty 50 Losers:: Adani Enterprises tanks 11%; Adani Ports, Hero MotoCorp shed up to 3%

3:40 PM

Nifty 50:: Bajaj Finserv, Hindalco, HDFC Life lead gainers chart

3:38 PM

Sensex 30 Heatmap:: 17 Gainers v/s 13 Losers

3:37 PM

CLOSING BELL:: Nifty 50 settles at 17,893, up 22 points

3:35 PM

CLOSING BELL:: S&P BSE Sensex ends 142 points higher at 60,806

3:26 PM

Earnings Alert: Hindustan Aeronautics Q3 net up 23%; stock down 1%

Hindustan Aeronautics Q3 net was up 23.1 per cent at Rs 1,153.99 crore for the quarter ended December 2022 as against Rs 937.55 crore in the quarter a year ago. Total income was up marginally at Rs 6,162.81 crore from Rs 6,088.47 crore during the same period.

3:20 PM

Earnings Alert: Finolex Cables Q3 net dips 29%; stock up 1%

Finolex Cables Q3 net rose 41.7 per cent to Rs 134.87 crore for the quarter ended December 2022 as against Rs 95.20 crore in the corresponding quarter a year ago. Total income was up 19.3 per cent YoY at Rs 1,183.29 crore from Rs 991.54 crore.

3:15 PM

ALERT :: CDSL becomes first depository with 80 million active accounts

3:14 PM

Earnings Alert: Page Industries Q3 net dips 29%; stock falls 3%

Page Industries Q3FY23 net profit dipped 29.1 per cent to Rs 123.73 crore as against Rs 174.57 crore in Q3FY22. Total income, however, was up 2.3 per cent YoY at Rs 1,224.90 crore from Rs 1,196.94 crore.

3:07 PM

Earnings Alert: Suzlon Energy Q3 net soars two-fold; stock up 2%

Suzlon Energy Q3FY23 net profit soared 107.5 per cent to Rs 78.28 crore as against Rs 37.73 crore in Q3Fy22. Total income, however, was down 9.3 per cent YoY to Rs 1,464.15 crore from Rs 1,615.01 crore.

3:00 PM

Earnings Alert: IRCTC Q3 net rises 22%; stock marginally up

IRCTC posted a 22.2 per cent growth in Q3 net at Rs 255.82 crore for the quarter ended December 2022 as against Rs 209.36 crore in corresponding quarter a year ago. Total income surged 70.5 per cent YoY to Rs 948.82 crore from Rs 556.51 crore.

2:53 PM

Earnings Alert: Hindalco Q3 net slumps 63%; stock flat

Hindalco reported 62.9 per cent fall in Q3 consolidated net to Rs 1,362 crore for the quarter ended December 2022 as against Rs 3,675 crore in Q3FY22. Total income, however,  was up 5.7 per cent YoY at Rs 53,151 crore from Rs 50,272 crore.

2:48 PM

Domestic shareholding NSE-listed firms hit fresh record high of 24.44%

Shareholding of retail investors fell 11 basis points quarter-on-quarter to 7.23%, while that of high networth individuals (HNIs) also declined 1 bp to 1.89%. READ MORE

2:40 PM

Equity funds log inflow of Rs 12,000 cr in Jan, small-caps top share

Net inflows into active equity mutual funds (MFs) surged to Rs 12,546 crore in January 2023, rising 70 per cent month-on-month, according to data released by the Association of Mutual Funds in India (Amfi) on Thursday. READ MORE

2:32 PM

Manipal Health Enterprises, Emami Group break logjam on AMRI Hospitals

Manipal Health Enterprises and Emami Group have begun fresh talks for the sale of the latter’s hospital business, AMRI Hospitals, after the previous round of talks entered into a logjam, with Manipal Health moving Delhi High Court (HC). READ MORE

2:24 PM

Earnings Alert: Natco Pharma Q3 net dips 22.5%; stock flat

Natco Pharma Q3FY23 net declined 22.5 per cent to Rs 62.30 crore for the quarter ended December 2022 when compared with Rs 80.40 crore in Q3FY22. Total income was down 13.1 per cent YoY at Rs 513.30 crore from Rs 590.70 crore.

2:16 PM

Earnings Alert: Greaves Cotton Q3 net jumps 3.3-fold; stock up 1%

Greaves Cotton reported a solid 226.3 per cent surge in Q3 net profit at Rs 27.38 crore for the quarter ended December 2022 as against Rs 8.39 crore in Q3FY22. Total income was up 21.8 per cent YoY at Rs 373.57 crore from Rs 306.80 crore.

2:07 PM

BSE 500:: Adani Group, Restaurant Brand, MRF among top losers

Adani Enterprises down over 8 per cent was the top loser among the BSE 500 stocks. Ambuja Cements, Restaurant Brand, Adani Power and Adani Total Gas down 5 - 7 each were the other major losers so far on Thursday.

1:57 PM

Global Check:: Hang Seng, Shanghai shine among Asian peers

Source: Yahoo Finance