27 OCTOBER 2023, 3:50 PM IST
Stock Market LIVE Updates | Closing Bell
Nifty closes above 19,000, Sensex rises 635 points. All the sectoral indices ended in the green with the PSU Bank index rising 4%.
27 OCTOBER 2023, 3:32 PM IST
Stock Market LIVE Updates | Rupee Closes Flat
Indian rupee ended flat at 83.24 per dollar on Friday versus Thursday's close of 83.23.
27 October 2023, 3:30 PM IST
Stock Market LIVE Updates | Markets Close Higher
The benchmark indices halted a six-day losing streak and closed higher, with the Nifty finishing above 19,000 points.
At the market close, the Sensex recorded a gain of 634 points or 1.0%, reaching 63,782, while the Nifty was up 190 points or 1.0%, closing at 19,047. Among the stocks, 2,673 advanced, 825 witnessed a decline, and 125 remained unchanged.
The prominent gainers on the Nifty included Axis Bank, Coal India, HCL Technologies, SBI, and Adani Enterprises, while the losers were Dr. Reddy's Laboratories, SBI Life Insurance, UPL, ITC, and Asian Paints.
All the sectoral indices ended the day with gains, with the PSU Bank index rising by 4%.
Both the BSE Midcap and Smallcap indices posted significant gains of nearly 2% each.
27 October 2023, 3:20 PM IST
Stock Market LIVE Updates | Canara Bank rises 8% on upbeat Q2 result
Shares of the state-owned bank rose nearly 8% intraday, hitting a new 52-week high today after reporting the highest-ever quarterly net profit of ₹3,606 crore in Q2 FY24. Its net profit surged over 42% YoY.
27 October 2023, 3:05 PM IST
Stock Market LIVE Updates | Market at 3 pm
Benchmark index Sensex is up 676 points at 63,824 (1.07%) at 3:00 pm. Meanwhile, NIFTY50 is up 195 points at 19,052 (1.04%). 42 of NIFTY50 stock traded in green. All the sectoral indices are trading higher, with PSU Bank (+4.0%) and Media (+2.6%) amongst top gainers. Axis Bank, HCL Tech, Coal India, Adani Enterprises and SBI are top gainers of this hour.
27 October 2023, 2:55 PM IST
Stock Market LIVE Updates | SRF Q2 net dips 30%; stock up 3.8%
SRF today reported a 29.7% dip in Q2FY24 net profit at ₹308 crore when compared with ₹439 crore in Q2FY23. Total income declined 12.9% YoY to ₹2,625 crore. SRF shares are up 3.8%
27 October 2023, 2:30 PM IST
Stock Market LIVE Updates | Cipla gains 2.3% after robust Q2 result
Pharma major, Cipla reported 14.5% YoY rise in its consolidated revenue from operations to ₹6,678 crore. Meanwhile, its net profit was up over 44% at ₹1,155 crore against ₹ 797 crore. Company’s shares are up 2.3% at 2:30 pm.
27 October 2023, 2:10 PM IST
Stock Market LIVE Updates | Maruti Suzuki Q2 result: Standalone revenue rose 23%, Net profit surge over 80%
India’s leading automaker reported over 23% YoY surge in its standalone revenue to ₹37,062 crore. Meanwhile, its net profit surged over 80% to ₹3,716 crore. Following the result announcement, the company's share surged over 3% at 2:10 pm.
27 October 2023, 1:30 PM IST
Stock Market LIVE Updates | Vodafone Idea Q2 loss widens to ₹8,737 crore compared to ₹7,595 crore loss in corresponding period last fiscal.
Vodafone Idea’s gross revenue increased by nearly 1% YoY to ₹10,716 crore during the second quarter of FY24. Meanwhile, its loss widens to ₹8,737 crore compared to ₹7,595 crore loss in corresponding period last fiscal. Company’s share traded 0.9% higher
27 October 2023, 1:15 PM IST
Stock Market LIVE Updates | Bajaj Finserv Q2 Results, stock rise 1.1%
Bajaj Finserv reported consolidated total income: ₹26,023 crore, up 25% YoY, while profit after tax was at ₹1,929 crore, up 24%. In Q2 FY24, the company recorded a quarterly increase in the customer franchise of 3.58 million and number of new loans booked of 8.53 million.
27 October 2023, 1:00 PM IST
Stock Market LIVE Updates | Midcap index sees rise, up 1.3%
Broader markets witnessed a substantial rally with NIFTY Midcap100 index rising 1.3%, trading around 38,641 at 1 pm, led by PSU stocks like Bank of India (+6.5%), Union Bank (+5.5%). Meanwhile, Adani Power and Motherson Sumi Wiring are up 5.1% and 3.7% respectively.
27 October 2023, 12:30 PM IST
Stock Market LIVE Updates | HFCL introduces indigenous 5G FWA CPE solution to revolutionise last-mile broadband connectivity
HFCL Limited, a leading communication solution provider has launched India’s first indigenous 5G FWA (Fixed Wireless Access) CPE (Customer Premise Equipment) solution. As per company, 5G FWA CPE portfolio offers new business opportunities for telecom service providers (TSPs) by allowing them to offer fixed internet broadband services to consumers and enterprises using their 5G network infrastructure. Shares of HFCL rose 1.89% today at 12:35 PM27 October 2023, 12:15 PM IST
Sensex Today | Market at 12:15 PM
Benchmark index Sensex is up 638 points at 63,786 (1.01%) at 12:15 pm. Meanwhile, NIFTY50 is up 193 points at 19,050 (1.03%). All the sectoral indices trades in green, with PSU Bank and Media amongst top gainers. Coal India, Bajaj Auto, HCL Tech, NTPC are top gainers.
27 October 2023, 12:04 PM IST
Stock Market LIVE Updates | RIL approves appointment of Isha Ambani, Akash Ambani, Anant Ambani as non-executive directors
In a stock exchange filing on Friday, Reliance Industries, the conglomerate spanning oil to telecom, announced that its shareholders have endorsed the appointment of Isha Ambani, Akash Ambani, and Anant Ambani as Non-Executive Directors of the company. At 12:00 pm today, Reliance Industries shares were trading 1.77% higher, with the company set to unveil its earnings for the September quarter later today.
27 October 2023, 11:50 AM IST
Stock Market LIVE Updates | Cipla trades in green ahead of Q2 result
Pharma major Cipla is expected to announce its September quarter results today. Ahead of the Q2 results, shares of Cipla trade in green up 0.5%. Analysts expect Cipla to announce a stable increase in its net profit for July-September quarter, driven by sustained sales in the United States and strong momentum in its domestic chronic and over-the-counter segments.
27 October 2023, 11:20 AM IST
Stock Market LIVE Updates | TTK Prestige Posts 29.3% Decline in Q2 Net Profit, with Revenue Down 13.4%
TTK Prestige has reported a 29.3% year-on-year drop in its Q2 net profit, amounting to Rs 59.30 crore. Additionally, the company's revenue also declined by 13.4% to Rs 729.50 crore. The EBITDA margin experienced pressure, contracting to 11.1% in Q2 from the previous year's 14.1%.
27 October 2023, 10:30 AM IST
Stock Market LIVE Updates | Suzlon Energy Ltd. Surges to a 10-Year High on Winning new order
Suzlon Energy Ltd. has secured an order for its 3 MW wind turbine series from Juniper Green Energy Pvt. Ltd. Under this agreement, Suzlon will deliver 16 wind turbines, each with a rated capacity of 3.15 MW. The order is a pivotal component of Juniper Green Energy's endeavor to develop a 50.4 MW wind power project, situated in the Dwarka district of Gujarat. Juniper Green Energy was awarded this project by the Gujarat Urja Vikas Nigam Ltd. (GUVNL).
27 October 2023, 9:26 AM IST
Stock Market LIVE Updates | NLC India Reports Impressive Q2 Profit Surge of 164% YoY to Rs 1,085 Crore
NLC India has achieved a consolidated profit of Rs 1,085 crore for the quarter ending in September FY24, marking a substantial 164% year-on-year increase. This remarkable growth is attributed to a one-time gain of Rs 1,278.5 crore. However, revenue from operations for the quarter, totaling Rs 2,978 crore, witnessed a decline of 14.66% compared to the same period in the previous year.
27 October 2023, 9:21 AM IST
Stock Market LIVE Updates | Lemon Tree Hotels Inks License Deal for 50-Room Property in Visakhapatnam
Lemon Tree Hotels has entered into a licensing agreement for a 50-room property located in Visakhapatnam, Andhra Pradesh, operating under the Red Fox Hotels brand. The anticipated operational commencement of the hotel is scheduled for the financial year 2026.
27 October 2023, 9:19 AM IST
Stock Market LIVE Updates | Colgate Palmolive Reports Strong Q2 Performance with 22% Year-on-Year Profit Growth to Rs 340 Crore
Colgate Palmolive has reported a significant 22.3% year-on-year increase in profit, reaching Rs 340 crore for the quarter ending in September FY24. This impressive growth can be attributed to robust EBITDA margin improvements driven by effective pricing strategies and operational efficiencies. Additionally, revenue from operations increased by 6% year-on-year, reaching Rs 1,471 crore for the quarter. The company's board has also announced the issuance of the first interim dividend, amounting to Rs 22 per share for the current fiscal year.
27 October 2023, 9:15 AM IST
Market Opening Update: The Indian stock market commenced trading on October 27, with the Nifty index opening above 18,900 points
The Sensex displayed a gain of 330.04 points or 0.52%, reaching 63,478.19, and the Nifty rose by 95.40 points or 0.51%, standing at 18,952.70. Among the stocks in the market, approximately 1,650 saw an increase in value, 277 witnessed a decline, and 75 remained unchanged.
Prominent gainers on the Nifty included Adani Enterprises, Hindalco Industries, Adani Ports, Tata Steel, and M&M. On the other hand, the major losers were Dr. Reddy's Laboratories, HUL, Tata Consumer Products, Britannia Industries, and Divi's Labs.
27 Oct 2023, 09:12 AM IST
Stock Market LIVE Updates | Foreign Investors Reduce Investments in Most Adani Group Companies in the Third Quarter of 2023
In the third quarter of 2023, Foreign Portfolio Investors (FPIs) reduced their investments in most Adani Group companies, as revealed by an analysis of quarterly shareholding data reported on the stock exchanges by CNBC-TV18.
Out of the ten Adani Group companies listed on the exchanges, Adani Enterprises, the group's flagship company, experienced the most significant decrease in foreign holdings. FPIs decreased their ownership in Adani Enterprises by 4.8 percentage points from July to September, reducing it to 14.5% as of September 30.
27 Oct 2023, 08:58 AM IST
Stock Market LIVE Updates | Oil Prices Set For First Weekly Fall In Three Weeks As Middle East Situation Remains Uncertain
On Friday, oil prices went up, recovering from a previous drop of more than $2 per barrel. This happened because worries about a big conflict in the Middle East became less of a concern, and at the same time, the United States, which is the biggest oil consumer, seemed to be witnessing lower demand.
At the time of these updates, Brent crude futures went up by 45 cents or 0.5%, reaching $88.38 per barrel at 0019 GMT. Similarly, US West Texas Intermediate crude was at $83.63 per barrel, which was an increase of 42 cents or 0.5%. These changes in the oil market are common and can be caused by various things like what's happening in different parts of the world, how much oil is available, and how much people want to buy. So, it's important for investors and people in the market to stay informed about these things.
27 Oct 2023, 08:58 AM IST
Stock Market LIVE Updates | Asian Indices Rise As Tech Fuels Cautious Optimism
Asian markets advanced amid cautious optimism that solid post-market US tech earnings are set to spur a rebound on Wall Street. US share futures advanced.
27 Oct 2023, 08:24 AM IST
Sensex Today Live | Share Market Updates: More drops for Big Tech pull Wall Street nearly 10% below its summertime high
On Thursday, Wall Street experienced a sharp decline, with the S&P 500 falling 1.2% for its ninth drop in 11 days and touching its lowest level in five months. The Nasdaq composite also suffered a market-leading loss of 1.8%, while the Dow Jones Industrial Average sank 251 points, or 0.8%. Big Tech stocks, including Meta Platforms, were among the heaviest weights and tumbled significantly despite reporting fatter profit and revenue for the summer than analysts expected.
The company’s warning that it has seen some initial softness in advertising due to the latest Israel-Hamas war may have spooked investors, and analysts said the company gave a wider range than it has in the past for its forecast of upcoming revenue. Meta Platforms is one of the “Magnificent Seven” Big Tech stocks that were responsible for a huge chunk of the S&P 500’s gains through the first seven months of the year. Because they’re so immense in size, their stock movements carry extra weight on the S&P 500 and other indexes. And their tremendous rallies earlier this year mean big expectations have built for them, raising the bar for their profit reports. (Source: AP)