Sensex snaps 2-day winning streak, ends 187 pts lower; Nifty50 below 18,150

CLOSING BELL: Broader markets, too, were subdued in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.4 per cent.

4:10 PM

CLOSING VIEW: Weak US consumer data, hawkish Fed officials hammer risk appetite

Domestic indices snapped their previous gains amid negative sentiments from their global counterparts. Weak US consumer data and hawkish comments from the Fed's policymakers on Wednesday hammered investor risk appetite. Lingering fears of recession dragged global bourses down, leaving the market volatile.

Views by  Vinod Nair, Head of Research at Geojit Financial Services.

4:07 PM

Rupee weakens to end at 81.36/$ vs Wednesday’s close of 81.24/$

4:04 PM

Datamatics Global rallies 11%; Q3 revenue, PAT rise 24% YoY

Net profit up 24.1% at Rs 45.9 cr Vs Rs 37 cr (YoY)         
Revenue up 23.9% at Rs 372.6 cr Vs Rs 300.8 cr (YoY)
EBIDTA up 16.7% at Rs 59 cr Vs Rs 50.5 cr (YoY)
Margin at 15.8% Vs 16.8% (YoY)

 

4:02 PM

Happiest Minds slips 1%; Q3 profit down 3% QoQ

Net profit down 3.1% At Rs 57.6 cr vs Rs 59.4 cr (QoQ)
Revenue up 3.2% at Rs 366.9 cr Vs Rs 355.5 cr (QoQ)
EBIT down 1.6% at Rs 79.5 cr Vs Rs 80.8 cr (QoQ)
Margin at 21.7% Vs 22.7% (QoQ)

 

3:58 PM

Polycab reports highest ever quarterly PAT in Q3; stock gains 3%

Q3 FY23 Revenue at Rs 37,152 mn; up 10% YoY
Q3 FY23 EBITDA at Rs 5,030 mn; up 39% YoY
Q3 FY23 PAT at Rs 3,608 mn; up 45% YoY

 

 

3:55 PM

Persistent Systems zooms 7% as storng TCV in Q3 cheers investors

 

 

3:50 PM

Asian Paints drops 3% as Q3 results disappoint Street

The company reported a 6.37 per cent  yearly growth in consolidated net profit at Rs 1,097.06 crore for Q3FY23, below estimates.

 

 

3:49 PM

HUL closes 1% lower ahead of Q3 results

 

 

3:47 PM

FMCG index worst hit; oil & gas, IT, PSB pockets defy weakness

 

3:44 PM

Rallis, Nureca, GTPL top Smallcap losers; Greenlam surges 12%

 

 

3:42 PM

Midcaps end with slimmer cut; Smallcap index falls in line with Sensex

 

 

3:41 PM

Adani Enterprises, Adani Ports claim top losers spot on Nifty

 

 

3:38 PM

Coal India, UPL additional winners on Nifty

 

 

3:36 PM

HEATMAP: 10 of 30 Sensex stocks eke out gains; Asian Paints top drag

 

 

3:34 PM

CLOSING BELL: Nifty sheds 57 pts to end near 18,100

 

 

3:33 PM

CLOSING BELL: Sensex snaps 2-day gains; drops 187 pts

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3:30 PM

ONGC gains 2%, hits over 6-month high on hopes of strong earnings growth

According to Motilal Oswal, 2023 is likely to be a defining year for ONGC with two prominent triggers-- a rise in domestic oil & gas production, and a possible floor on gas realization. Read more

3:22 PM

Asian Paints slips 3% after Q3FY23 result misses street estimates

Shares of Asian Paints were down 3 per cent to Rs 2,857 per share and fell 4 per cent from its high of Rs 2,972 apiece in Thursday’s intra-day trade, after paint and décor company reported lower-than-expected revenue for the December quarter (Q3FY23). Read here

3:11 PM

European shares weaken in early trade

 

 

3:00 PM

Global Check:: US, UK stock futures down up to 0.8%

Source: Investing.com

2:54 PM

Earnings ALERT:: Havells India Q3 net down 7%; stock flat

Havells India Q3 net declined 7.2 per cent to Rs 284 crore for the quarter ended December 2022 as against Rs 306 crore in Q3FY22. Total income rose 12.8 per cent YoY to Rs 4,120 crore.
 

2:45 PM

Clients went overboard on equities in last two years, says Ashish Shanker

Debt has become an attractive asset class as the yields on even good quality papers have risen to around 8 per cent, says Ashish Shanker, MD & CEO, Motilal Oswal Private Wealth. Shanker advises investors not to fall prey to near-term returns when investing in mutual funds. READ INTERVIEW
 

2:37 PM

Global Check:: Asian shares exhibit mixed outing

Source: Yahoo Finance

2:28 PM

Crypto collapse brings focus to digital assets' true value: Raghuram Rajan

The collapse in the prices of digital assets over the past year will allow investors to focus on the "true value" of this new technology, the distributed ledger and the smart contracts that can be built on them, former Reserve Bank of India Governor Raghuram Rajan said on Wednesday. READ MORE
 

2:20 PM

BSE 500:: Rallis India, Adani Green, Torrent Power among top losers

Rallis India slipped nearly 7 per cent and was the top loser among the BSE 500 stocks. Adani Green, Torrent Power, Alok Industries and Adani Enterprises, down 4 - 5 each were the other major losers so far on Thursday.
 

2:10 PM

Analysts hopeful of ICICI insurance twins despite Q3 disappointment

The ICICI group's insurance "twins", ICICI Lombard and ICICI Prudential Life, came out with results that disappointed the market. However, analysts' opinion on the two companies is more nuanced, with most maintaining a fairly positive stance. READ MORE
 

2:00 PM

Earnings ALERT:: Asian Paints Q3 net up 6.4%; stock down 1%

Asian Paints Q3 net rose 6.4 per cent to Rs 1,085.88 crore for the quarter ended December 2022 as against Rs 1,020.26 crore in Q3FY22. Total income was up 1.1 per cent at Rs 7,683.89 crore.
 

1:50 PM

BSE 500:: Mahindra Life, Persistent Systems, SAIL among top gainers

Mahindra Lifespace up nearly 8 per cent was the top gainer among the BSE 500 stocks so far on Thursday. It was followed by Persistent Systems, Prism Johnson, Mahindra CIE and 360 ONE, up 3 - 7 per cent each.
 

 

1:42 PM

News ALERT:: Alembic Pharma gets USFDA nod Acalabrutinib Capsules; stock up 1%

The company has informed BSE, it received US Food & Drug Administration (USFDA) Tentative Approval for Acalabrutinib Capsules, 100 mg.

Acalabrutinib Capsules, 100 mg, have an estimated market size of $1.5billion for twelve months ending Sep 2022 according to IQVIA, the release stated.
 

1:35 PM

Earnings ALERT:: ICICI Securities Q3 net slips 26.6%; stock dips 2%

ICICI Securities Q3FY23 net profit slipped 26.6 per cent to Rs 279.10 crore from Rs 380.21 crore in the corresponding quarter a year ago. Total income was down 6.7 per cent at Rs 878.84 crore.