Markets end marginally up on Friday; Sensex, Nifty down 1% in Samvat 2078

The BSE MidCap index fell about 4 per cent in Samvat 2078, while the BSE SmallCap index added 0.4 per cent

4:19 PM

Muhurat Trading session will be on Monday, October 24

The markets will welcome Samvat 2079, with a special Muhurat Trading session on Monday October 24, 2022. The markets will be open for normal trading from 06:15 PM to 07:15 PM in the evening. To know what are the factors that are likely guide stock market in Samvat 2079. READ HERE

4:05 PM

COMMENT:: Rise in credit growth to 10-year high boosted financial shares

"Selling emerged in the second half led by a weak start to the European market due to the fear of tight monetary policy. Domestic investors maintained their caution and began to book profits in anticipation of the truncated week. Good start to Q2FY23 results by Banks, IT, and FMCG stocks maintained stability in the market but Mid & Small caps were heavily impacted. The rise in credit growth to a 10 year high of 17.94% YoY in October added colour to financial stocks."

 

- Vinod Nair, Head of Research at Geojit Financial Services

4:01 PM

Axis Bank soars 9% on the back of strong Q2 performance

The stock hit a record high at Rs 905 in trades on Friday. Analysts see up to 37 per cent upside on sustained earnings growth. READ MORE 

3:58 PM

HUL rallies 2% ahead of Q2 nos; Revenue seen climbing 21% YoY

HUL Q2 preview: FMCG giant Hindustan Unilever (HUL) is expected to clock revenue growth in the range of 11-21 per cent year-on-year (YoY) at Rs 15,396 crore in the July-September 2022 quarter (Q2FY23), buoyed by home care and personal segment, said analysts. The company is due to report Q2-FY23 numbers on Friday, October 21. READ MORE

3:57 PM

ICICI Bank gains 2% ahead of Q2 results; analysts expect 35% rise in net

ICICI Bank Q2 preview: Better credit growth, including for mortgages and unsecured loans, should drive up margins, leading to healthy core profitability, analysts said. READ MORE 

3:55 PM

LIC, PB Fintech, Delhivery sunk to all-time lows on Friday

Shares of Life Insurance Corporation of India (LIC), PB Fintech and Delhivery have continued their southward journey, as shares hit their respective all-time lows in Friday's trade. READ MORE

3:54 PM

IEX sheds 4.4%, hits 52-week low on disappointing September quarter results

Shares of Indian Energy Exchange (IEX) hit a 52-week low of Rs 134 as they declined 5 per cent on the BSE amid heavy volumes. The company reported 11 per cent year-on-year (YoY) fall in total revenue at Rs 113.80 crore in the September quarter (Q2FY23), while its profit after tax contracted 8 per cent YoY to Rs 71.20 crore. READ MORE

3:51 PM

ITC slips into red after hitting new high on solid Q2 show; analysts see up to 16% upside

ITC hit a record high at Rs 254 on the BSE. The stock, hwoever, slipped into red later in the day owing to profit-taking at the counter. Analysts believe ITC would continue to grow in its core business of Cigarettes and FMCG with stable taxation & softening of raw material prices. READ MORE

3:48 PM

Market Breadth marginally negative; 116 stocks hit new 52-week high

3:46 PM

Nifty Media declines 2%; Saregama, Sun Tv plunge

3:44 PM

Nifty Bank surges 1.7% led by private banks

3:42 PM

Broader indices end marginally in red on Friday

3:40 PM

Nifty 50:: Bajaj twins major losers followed by Divi's Labs, Adani Ports

3:39 PM

Nifty 50:: Axis Bank top gainer, up over 9%; ICICI, Kotak also shine

3:37 PM

Sensex 30 Heatmap:: Axis Bank soars 9%; Bajaj twins slip around 3%

3:36 PM

NSE Nifty 50 gains 12 points, settles at 17,576

3:34 PM

Closing Bell:: Sensex ends 104 pts higher at 59,307

The S&P BSE Sensex ended 104 points higher at 59,307 on Friday. The BSE benchmark index has now gained 2,073 points in the last six straight trading sessions.

3:21 PM

BSE 500:: Shilpa Medicare, Johnson Controls, Axis Bank among volume shockers

Shilpa Medicare witnessed unusually high volume of around 18.95 lakh shares on the BSE so far as against its five-day average volume of around 19,740-odd shares. Similarly, Johnson Controls Hitachi-Air, Axis Bank, Finolex Cables and Welspun India also witnessed a significant spike in volume on Friday.

3:13 PM

RBI should focus on softening core inflation: MPC's Shashanka Bhide

"As far as monetary policy is concerned, moderation in the core inflation should be the priority," Shashanka Bhide, an external member of the Reserve Bank of India's monetary policy committee, said. READ MORE

3:04 PM

Large contracts in pipeline, deal win trend intact in medium term: Mphasis

Indian IT solutions provider Mphasis has a reasonable proportion of large contracts in its pipeline and expects its current trend of new deal wins to continue over the medium term, despite macro headwinds, a top company official said on Friday. READ MORE

2:55 PM

Global Check:: UK stock futures down up to 2%; US dip around 1%

Source: Investing.com

2:46 PM

Triveni Turbine soars 5%, hits record high on healthy business outlook

Shares of Triveni Turbine hit a record high of Rs 285.40 as they rallied 5 per cent on the BSE in Friday's intra-day trade on healthy business outlook. READ MORE

2:37 PM

The great Indian unicorn conundrum: High valuations and higher losses

After announcing plans to lay off five per cent of its workforce (about 2,500 employees), edtech unicorn Byju’s has raised $250 million from existing investors. An analysis shows that the top 10 unicorns raised $10.1 billion in funding in 2021 — 3x more than the amount raised in 2019. Byju’s accounted for 30 per cent share. READ MORE

2:26 PM

Oil price wavers as rate hike talk offsets fading China demand hopes

Oil prices were little changed on Friday as optimism about a possible rise in demand in China faded and the market again weighed the impact of sharp interest rate rises on energy consumption. READ MORE

2:16 PM

Two years on, Sebi's sandbox initiative yet to find its feet

The regulatory sandbox framework approved by the Securities and Exchange Board of India (Sebi) board in February 2020 has remained a slow starter.  Legal experts said tweaks to the existing framework are needed to give a fillip to the initiative. READ MORE

2:07 PM

Market Check:: Sensex pares gain, up 150 points in late noon deals

1:58 PM

BSE 500:: Top losers so far

Johnson Controls Hitachi-Air down 6.4 per cent was the top loser among the BSE 500 stocks so far. PB Fintech, Route Mobile, Berger Paints and Saregama India were the other major losers, down over 5 per cent each on Friday.

1:49 PM

Global Check:: Majority of the markets in Asia in negative zone

Source: Yahoo Finance

1:39 PM

Broader indices underperform in trades so far; India VIX down 2%

1:31 PM

BSE 500:: Top gainers so far

Axis Bank up 8.3 per cent was the top gainer among the BSE 500 stocks so far on Friday. It was followed by Finolex Cables, KPIT Technologies, Elgi Equipments and Shipping Corporation of India.