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Stock Market Highlights: Sensex ends 411 pts off day's low and Nifty above 17,500 led by gains across sectors

Stock Market Highlights: Sensex ends 411 pts off day's low and Nifty above 17,500 led by gains across sectors

Stock Market Highlights: Sensex ends 411 pts off day's low and Nifty above 17,500 led by gains across sectors
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Stock Market Highlights: Indian benchmark indices NSE Nifty and BSE Sensex ended in the green on Thursday, giving up initial losses, amid gains across sectors. Investors await more of financial results from India Inc for domestic cues, with Bajaj Finance, Axis Bank and ITC due to post their earnings later in the day. IndusInd Bank reported its quarterly numbers on Wednesday. Asian Paints reported a below expectation results earlier in the day.

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Oct 20, 2022 4:10 PM

Market at close | Sensex and Nifty end higher led by gains across sectors

-- Market recovers in last hour as rupee regains losses

-- IT and FMCG lift market, Infosys and ITC top contributors

-- Asian Paints slips more than two percent after a weak set of earnings for Q2

--Colgate ends nearly two percent higher as company reports Q2 results in-line with estimates

-- Suzlon Energy close four percent lower, rights issue fully subscribed

-- ITC, Tata Consumers end in green, up nearly one percent each ahead of Q2 earnings
-- IndusInd Bank top midcap loser, down four percent despite strong Q2 results
-- Canara Bank reports a strong Q2, closes more than four percent higher
-- Navin Flourine rises two percent as company sees gross margin improving from next quarter

-- Market breadth favours declines, advance-decline ratio at 1:1

Stock Market Highlights: Sensex ends 411 pts off day's low and Nifty above 17,500 led by gains across sectors
Oct 20, 2022 4:04 PM

Coforge fails to beat profit estimates

Oct 20, 2022 3:53 PM

Capex when it starts will be big in scale, that’s when the risk will come: Raamdeo Agrawal
"The real problem comes with a wholesale when your project loans Rs 1000 crore, Rs 2,000 crore single loans, Rs 50,000 crore. Now, you you're talking about very different scale, whenever capex boom comes in India, the private capex boom, it will be not of Rs 100 crore, Rs 500 crore and Rs 1000 crore, it will be a few billion dollars each pieces, like what we talked about chip factory of Rs 140,000 crore - like that you will talk about 10 billion tonne of single steel plant, 20 million tonne of cement plant like that it will come whenever it starts. So the risk of bankers will go in those kind of concentrated risk in the wholesale lending," said Raamdeo Agrawal of Motilal Oswal Financial Services.

Oct 20, 2022 3:46 PM

Rupee ends at 82.77 vs dollar

Rupee posts biggest intra-day recovery since August 2021 after hitting a record low of 83.28 intra-day. The currency gained 51 paise from intra-day low to close at 82.76 vs dollar.

Stock Market Highlights: Sensex ends 411 pts off day's low and Nifty above 17,500 led by gains across sectors
Oct 20, 2022 3:40 PM

Think the world will reorient towards non-tech sectors like finance: Raamdeo Agrawal

"In the next round whenever this problem of liquidity or inflation is done, then the world will again reorient towards in the next four, five years, they are going to go to non-tech industry. Now whether non-tech will be finance or finance plus plus plus, that one has to see," said Raamdeo Agrawal of Motilal Oswal Financial Services. "But it looks that finance is very large, bigger than even tech. So that's a good place to park yourself."

Stock Market Highlights: Sensex ends 411 pts off day's low and Nifty above 17,500 led by gains across sectors
Oct 20, 2022 3:36 PM

Dilip Buildcon gets Letter of Acceptance from Gujarat Metro Rail Corporation for a project worth Rs 723.4 crore

Stock Market Highlights: Sensex ends 411 pts off day's low and Nifty above 17,500 led by gains across sectors
Oct 20, 2022 3:23 PM

Infosys bags order from CIRCOR International

Stock Market Highlights: Sensex ends 411 pts off day's low and Nifty above 17,500 led by gains across sectors
Oct 20, 2022 3:11 PM

Rupee gains nearly 50 paise from intra-day record low of 83.28 vs dollar

Stock Market Highlights: Sensex ends 411 pts off day's low and Nifty above 17,500 led by gains across sectors
Oct 20, 2022 2:36 PM

Johnson Hitachi reports Q2 earnings

-- Net loss at Rs 52.9 crore vs loss of Rs 9.2 crore in the year-ago period  

-- Revenue down 22.4 percent at Rs 308.2 crore vs Rs 397.2 crore in the corresponding quarter in the previous year  

-- EBITDA loss of Rs 54 crore vs loss of Rs 5.6 crore in the preceding year

Stock Market Highlights: Sensex ends 411 pts off day's low and Nifty above 17,500 led by gains across sectors
Oct 20, 2022 2:23 PM

Meghmani Finechem at day's low after reporting earnings

Oct 20, 2022 2:09 PM

Colgate reports Q2 earnings

Stock Market Highlights: Sensex ends 411 pts off day's low and Nifty above 17,500 led by gains across sectors
Oct 20, 2022 1:55 PM

Dealers say rupee appreciates on dollar selling by RBI   

They suspect selling of dollars by the central bank from the 83.20 level. 

Stock Market Highlights: Sensex ends 411 pts off day's low and Nifty above 17,500 led by gains across sectors
Oct 20, 2022 1:34 PM

Central Bank of India reports Q2 earnings

-- Net profit up 70 percent at Rs 341.4 crore against Rs 200.8 crore, year-on-year

-- NII up 24.6 percent at Rs 2,763 crore vs Rs 2,218 crore in the year-ago period

Oct 20, 2022 1:16 PM

Symphony reports Q2 earnings

-- Net profit up 6.6 percent year-on-year at Rs 32 crore vs Rs 30 crore    

-- Revenue up 24.5 percent at Rs 274 crore vs Rs 220 crore in the corresponding period in the preceeding year

-- EBITDA down 5.1 percent at Rs 37 crore against Rs 39 crore in the previous year

-- Margin at 13.5 percent, down from 17.7 percent in the year-ago period 

Stock Market Highlights: Sensex ends 411 pts off day's low and Nifty above 17,500 led by gains across sectors
Oct 20, 2022 12:47 PM

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