Sensex falls 143 pts, Nifty below 19,400; RIL, Infosys weigh, M&M gains 4%

Closing Bell on November 9, 2023: In the broader markets, the BSE MidCap index added 0.06 per cent, but the BSE SmallCap index slipped 0.27 per cent

3:52 PM

Comment :: 'FIIs selling has moderated but inflows continue to be muted'

Reflecting the mixed global sentiments, the Indian market is mired to a range bound trend with the Nifty index not able to breach above the key level of 19,500.

Cues from the Fed Chair's speech have reduced the likelihood of a rate hike in the near term, leading to an ease in US treasury yields and calming the market.

FIIs selling has moderated but inflows continue to be muted on concerns of an elevated interest rate and a global slowdown. Mid- and small caps are back in favour after the recent fall, led by retail activities & good corporate results

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

3:43 PM

Currency check :: Rupee ends 1 paise down

3:42 PM

Sectoral trends :: Realty, auto maintain uptrend in weak market

3:41 PM

SmallCap Heatmap :: Index ends 0.27% down; check top gainers and losers

3:40 PM

MidCap Heatmap :: Index up 0.06%; check top gainers and losers of the pack

3:39 PM

Nifty Heatmap :: M&M rallies 4%, Adani Ent falls 2%

3:38 PM

Closing Bell :: Nifty ends below 19,400

3:37 PM

Closing Bell :: Sensex slides over 100 pts

3:30 PM

11% CAGR in 20 yrs: How does gold compare against Nifty 50 during crisis?

“It would be ideal to advise investors to invest in portfolios including both gold and equity. The performance of gold will offset the poor performance of equities during unfavorable macro events or persistently high inflation”," said Naveen KR, smallcase manager and senior Director - Investment Products, Windmill Capital. READ MORE

3:25 PM

Q2 earnings :: Ashok Leyland misses estimates

>> PAT: Rs 560 crore

>> Ebitda: Rs 1,079 crore

>> Ebitda margin: 11.2%

3:16 PM

Domestic demand to sustain India growth in the near term, says Moody's

Domestic demand after the festive season will depend on inflation and the lagged impact of monetary policy tightening by the Reserve Bank of India (RBI). “With exports remaining weak amid an unfavorable global economic backdrop, strong domestic demand will likely sustain growth in the near-term,” said Moody’s. While rural demand has shown signs of improvement, it remains vulnerable to uneven monsoons that could affect crop yields and farm income. READ MORE

3:04 PM

ALERT:: National Aluminium Q2 net jumps 49%; stock drops 4%

National Aluminium today reported a 49.4 per cent surge in Q2FY24 consolidated net profit at Rs 187.35 crore when compared with Rs 125.43 crore in Q2FY23. Total income, however, declined 12.6 per cent YoY to Rs 3,112.02 crore.

2:55 PM

ALERT:: Finolex Cables Q2 net rises 21%; stock gains 3%

Finolex Cables today reported a 21 per cent growth in Q2FY24 net profit at Rs 165.39 crore when compared with Rs 136.72 crore in Q2FY23. Total income grew 6.3 per cent YoY to Rs 1,271.98 crore.

2:46 PM

ALERT:: Welspun Enterprises Q2 net slumps 48%; stock down 1%

Welspun Enterprises today reported a 48.1 per cent plunge in Q2FY24 net profit at Rs 69.01 crore when compared with Rs 132.98 crore in Q2FY23. Total income, however, increased 25.3 per cent YoY to Rs 692.65 crore.

2:37 PM

ALERT:: Nitco narrows Q2 net loss; stock tumbles 5%

Nitco today posted a net loss of Rs 31.65 crore for FY24. The company has reported Rs 36.10 crore loss in Q2FY23. Total income, however, was up 9.6 per cent YoY at Rs 82.33 crore.

2:27 PM

ALERT:: Adani Ports Q2 net grows 14%; stock slips 2%

Adani Ports & Special Economic Zones today reported a 13.9 per cent growth in Q2FY24 consolidated net at Rs 2,031 crore when compared with Rs 1,783 crore in Q2FY23. Total income grew 32.7 per cent YoY to Rs 7,654 crore.

2:16 PM

ALERT:: Samvardhana Motherson Q2 net rises 2%; stock down 0.5%

Samvardhana Motherson International today reported a 2.1 per cent rise in Q2FY24 consolidated net at Rs 294.15 crore when compared with Rs 288.20 crore in Q2FY23. Total income grew 28.8 per cent YoY to Rs 23,639.16 crore.

2:06 PM

ArcelorMittal SA's Q3 profit drops as steel market demand weakens

"The company remains positive on the medium/long-term steel demand outlook," ArcelorMittal said in a statement on Thursday. READ MORE

1:55 PM

ALERT:: Electrosteel Castings Q2 net soars 3-fold; stock up 2%

Electrosteel Castings today reported a 187.9 per cent growth in Q2FY24 net profit at Rs 184.05 crore when compared with Rs 63.93 crore in Q2FY23. Total income increased 9.4 per cent YoY to Rs 1,888.24 crore.

1:42 PM

SoftBank Group's vision fund reports another loss of $1.7 bn

SoftBank Group Corp.’s flagship Vision Fund reported another loss as valuations on some of its bets declined, even as the investor chases new deals in AI. READ MORE

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1:31 PM

ALERT:: Mukand Q2 consolidated net soars 10-fold; stock up 2%

Mukand today reported a 871.3 per cent surge in Q2FY24 consolidated net profit at Rs 23.31 crore when compared with Rs 2.40 crore in Q2FY23. Total income, however, was down 7 per cent YoY at Rs 1,380.16 crore.

1:21 PM

ALERT:: Granules India Q2 net rises 7%; stock marginally down

Granules India today reported a 6.6 per cent growth in Q2FY24 net profit at Rs 116.16 crore when compared with Rs 108.93 crore in Q2FY23. Total income was up 4.5 per cent YoY at Rs 1,010.67 crore.

1:09 PM

JSW Steel's production grows 12% to 2.32 million tonnes in October

JSW Steel on Thursday announced that consolidated crude steel production for October stood at 2.32 million tonnes, growing by 12 per cent year-on-year (y-o-y).

Capacity utilisation at the level of Indian operations was recorded at 95 per cent for October. The company said in a press release that JSW Steel USA-Ohio volumes were positively impacted due to improved demand compared to last year. Read

12:57 PM

India vulnerable to recurring, overlapping food price shocks: RBI Guv Das

India's retail inflation eased to a three-month low of 5.02 per cent in September on the back of softer vegetable prices, but remained above the RBI's 4 per cent target. Read

12:45 PM

Samvat 2080: Stock picks by HDFC Sec, Kotak Sec, ICICI Direct, JM Financial

Here's a list of Diwali picks recommended by top brokerage and research firms that can help you build your portfolio for Samvat 2080. Read

12:34 PM

HC orders tax refund of Rs 1,128 cr to Vodafone Idea; pulls up I-T dept

The Bombay High Court has directed the Income Tax department to refund Rs 1,128 crore to Vodafone Idea Limited paid by the telecom operator in taxes for the assessment year 2016-2017. Read

12:20 PM

Samvat 2079: Mid, Small-cap indices set to post 2nd best show in 9 years

As many as 497, or half of 1050 stocks, from the midcap and smallcap index have outperformed the all benchmark indices and appreciated over 35 per cent during Samvat 2079. Read

12:05 PM

Lupin's net profit jumps nearly four-fold on strong US growth, stock up

Mumbai-based pharmaceutical firm Lupin reported a net profit of Rs 489.7 crore for the quarter – a jump of almost four-times from Rs 129.7 crore in the same period last year. Read

11:50 AM

Piramal Pharma jumps 4% on receiving FDA EIR report for US unit

Company has received establishment inspection report (EIR) from US FDA for its Bethlehem unit in the US, indicating closure of the inspection. 

11:38 AM

Eris up 8% as it plans to acquire nephro, derma units of Biocon Biologics

The deal consideration is Rs 366 crore inclusive of working capital, and will be funded partly through debt financing. Read