Mid, smallcaps gain in listless trade; OMC, realty stocks rally, banks weak

Closing Bell on November 8, 2023: Volatility index, India VIX, was down over 1 per cent today as ended at 11 levels

3:54 PM

Comment :: 'Global trends to drive markets'

Markets need a push to overcome the major hurdle at 19,500 in Nifty and it could probably be from the global markets, in the absence of any major domestic event. Meanwhile, participants should continue with the stock-specific trading approach, with bias on the positive side. 

Views by: Ajit Mishra, SVP - Technical Research, Religare Broking

3:53 PM

Comment :: 'Fall in oil prices to provide respite to domestic economy'

The domestic market traded rangebound with a positive bias. And further confidence may be derived from the global market cues post the Fed chair speech. Oil prices continued to fall, which will provide respite to the domestic economy and navigate a downward trajectory to inflation & fiscal.

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

3:51 PM

Currency check :: Rupee ends 1 paise down

3:49 PM

SmallCap heatmap :: Index ends 0.6% up; check top gainers and losers

3:48 PM

MidCap Heatmap :: HPCL, YES Bank, Alkem Labs surge up to 7%

3:45 PM

Sectoral trends :: Realty index up 1.5%, Banks, IT slip

3:43 PM

Nifty Heatmap :: BPCL, Adani ports, Cipla gain 2% each

3:39 PM

Closing Bell :: Nifty ends below 19,450 in rangebound trade

3:38 PM

Closing Bell :: Sensex ends flat with positive bias

3:25 PM

Gujarat Pipavav Port net profit grows 51% to over Rs 107 cr in Sept quarter

Expenses were at Rs 132.9 crore, as against Rs 137.2 crore in the year-ago quarter. The Board of Directors have also approved an interim dividend of Rs 3.60 per share for the financial year 2023-24 and fixed November 21 as the record date to determine the members eligible for receiving the amount. READ MORE

3:16 PM

Brookfield India REIT Q2 net operating income up 44% to Rs 346.7 crore

Its portfolio consists of 25.3 million square feet of total leasable area, comprising 20.7 million square feet of operating area, 0.7 million square feet of under construction area and 3.9 million square feet of future development potential. READ MORE

3:00 PM

ALERT:: Eris Lifesciences Q2 net up 2%; stock gains 3%

Eris Lifesciences today reported a 2.4 per cent rise in net profit at Rs 12.23 crore for Q2FY24 when compared with Rs 11.94 crore in Q2FY23. Total income grew 9.3 per cent YoY to Rs 508.78 crore.

2:50 PM

ALERT:: Orient Paper reports Rs 16 cr loss in Q2; stock tumbles 9%

Orient Paper & Industries today reported a net loss of Rs 16.32 crore for Q2FY24, as agaisnt a net profit of Rs 7.55 crore in Q2FY23. Total income declined 34.4 per cent YoY to Rs 148.68 crore.

2:40 PM

India, Malaysia looking at reviewing 2011 trade pact: Malaysian FM

The Malaysian foreign minister also said that his country is interested in expanding defence cooperation with India, including procuring military platforms and hardware. READ MORE

Malaysian FM Zambry Abd Kadir with EAM Jaishankar in New Delhi.

2:30 PM

India proposes slashing EV import taxes to clinch UK free trade deal

India is proposing reducing import taxes on some electric vehicles from the UK in an effort to clinch a free-trade deal between the two nations by the end of the year, according to two people familiar with the discussions. READ MORE

2:19 PM

ALERT:: Infosys inks strategic pact with Amazon Web Services; stock marginally down

Infosys in an exchange filing said it has entered into a new Strategic Collaboration Agreement (SCA) with Amazon Web Services Inc (AWS). The three-year collaboration will deliver technology transformation and industry specific solutions to financial organizations supported by joint investments into go-to-market and delivery capabilities across the EMEA region.

2:09 PM

ALERT:: Automotive Axles Q2 net surges 50%; stock gains 3%

Automotive Axles today reported a 49.7 per cent surge in net profit at Rs 45.09 crore for Q2FY24 when compared with Rs 30.13 crore in Q2FY23. Total income was up 23.6 per cent YoY at Rs 588.23 crore.

1:59 PM

Global Update:: European markets open with marginal losses

Source: Yahoo Finance

1:49 PM

ALERT:: Godrej Industries Q2 net slips 25%; stock marginally in red

Godrej Industries today reported a 25 per cent decline in net profit at Rs 164.50 crore for Q2FY24 when compared with Rs 219.23 crore in Q2FY23. Total income was down 0.4 per cent YoY at Rs 4,256.87 crore. 

1:37 PM

Adani Green aims to achieve operational capacity of 11 GW in FY24: CEO

The company has an operating renewable energy (RE) portfolio of 8.4 GW across solar, wind and hybrid capacity, the company official said in an investor presentation. READ MORE

1:26 PM

India saw sale of luxury homes double in first 9 months this year: CBRE

The sale of luxury homes in India, priced Rs 4 crore or above, rose 97 per cent in the first nine months of 2023 compared to the same period last year, a report by real estate consultancy CBRE released on Wednesday showed. In the top seven cities in India, 9,200 luxury homes were sold this year, compared to 4,700 units last year. READ MORE

1:16 PM

ALERT:: Khaitan Chemicals Q2 net sinks 99%; stock sheds 3%

Khaitan Chemicals & Fertilizers today reported a sharp 99.3 per cent drop in Q2FY24 net profit at Rs 0.11 crore when compared with Rs 17.05 crore in Q2FY23. Total income declined 30 per cent YoY to Rs 194 crore.

1:05 PM

JioPhone Prima 4G with YouTube, WhatsApp, more apps goes on sale at Rs 2599

Tough a feature phone, the JioPhone Prima is touted by the company as a 4G keypad smartphone since it comes with several apps built-in such as YouTube, WhatsApp, and Google Assistant. READ MORE

12:52 PM

ALERT:: Punjab Communications Q2 net loss narrows to Rs 0.40 cr; stock rallies 4%

Punjab Communications today reported a 15.3 per cent growth in Q2FY24 net profit at Rs 4.76 crore when compared with Rs 4.13 crore in Q2FY23. Total income was up 20.6 per cent YoY at Rs 8.89 crore.

12:40 PM

ALERT:: Elnet Technologies Q2 net rises 15%; stock zooms 10%

Elnet Technologies today reported a 15.3 per cent growth in Q2FY24 net profit at Rs 4.76 crore when compared with Rs 4.13 crore in Q2FY23. Total income was up 20.6 per cent YoY at Rs 8.89 crore.

12:29 PM

ALERT:: Easy Trip Planners Q2 net jumps 68%; stock up 2%

Easy Trip Planners today reported a 68 per cent surge in Q2FY24 net profit at Rs 51.46 crore when compared with Rs 30.63 crore in Q2FY23. Total income was up 14.3 per cent YoY at Rs 123.48 crore.

12:16 PM

Investors pick arbitrage funds as a tax-efficient substitute for liquid funds

On the passive side, equity claimed the lion's share with around 78% of net inflows, while commodities held an 18% share. READ MORE

12:03 PM

Asian Market Update:: Most indices languish in negative zone

Source: Yahoo Finance

11:51 AM

ALERT:: Tilaknagar Industries announces launch of Premium Brandy; stock down 1%

Tilaknagar Industries in an exchange filing announced the launch of a new Premium Brandy - Mansion House Chambers. 

11:40 AM

US invests $553 mn in Adani's Sri Lanka port to curb China's influence

The financing from International Development Finance Corp. for the deepwater West Container Terminal in Colombo is the US government agency's largest infrastructure investment in Asia. READ MORE