CLOSING BELL: A late rally on Dalal Street helped the benchmark indices end a lacklustre trading session on a positive note. Metals, select financial shares led the pullback.
CLOSING BELL: IT, Power stocks logged significant losses, even as select financial stocks gained.
Market Wrap: Bharti Airtel, Maruti, HCL Technologies and Hindustan Unilever were the prominent losers, while ITC and Sun Pharma finished with steady gains.
State-owned CIL on Tuesday said its coal production increased by 17.4 per cent to 351.9 million tonnes (MT) in the April-October period of the ongoing fiscal. The company's coal output in the corresponding period of last fiscal was 299.6 MT, Coal India Ltd (CIL) said in a filing to BSE. The coal production by the maharatna firm also increased to 52.9 MT last month, over 49.8 MT of coal production in the corresponding month of previous fiscal. The public sector enterprise also said its coal offtake during April-October went up to 385.7 MT from 364.4 MT in the year-ago period. However, in October the offtake dropped to 53.7 MT from 56.5 MT in the same month of last fiscal. The coal major did not give the reason for the drop in offtake. Coal India accounts for over 80 per cent of domestic coal output. CIL will achieve 1 billion tonnes of coal production target by 2025-26 as against the earlier timeline of 2023-24 in view of the COVID-19 pandemic, coal minister Pralhad Joshi had earl
Mutual funds fail to carry high growth momentum of FY22 due to changed market conditions
CLOSING BELL: The Financial Services, IT, Pharma, Auto, and Consumer Durable indices gained over 1 per cent each, while others added up to 1 per cent
The stock of automobiles major traded close to its record high level of Rs 10,000, which it had touched on December 20, 2017
In Q&A, Rajesh Bhatia spells out the key tailwinds and risks the domestic markets face at this juncture and how a long-short fund can help protect downside risks
In the Sensex pack, Maruti, Reliance Industries, NTPC, Power Grid, Mahindra & Mahindra, Bajaj Finserv, Titan and Kotak Mahindra Bank were the major winners
Analysts believe that prices and demand will remain stable in the near term while increase in energy prices and feedstock (limestone, coke and raw salt) remains a key concern.
Stocks to watch today: Maruti Suzuki, Vedanta will report the July-September quarter (Q2FY23) results on Friday, October 28; SBI Card reported 52 per cent YoY jump in net profit Rs 526 crore in Q2FY23
CLOSING BELL: Tata Steel, Power Grid, Sun Pharma, Axis Bank, Bharti Airtel, Kotak Bank, M&M, HDFC, Dr Reddy's Labs, and Titan were the leading winners
Stocks to watch today: SBI Cards, Indus Towers will report July-September quarter results on Thursday, October 27; Sony India and Zee Ent plan to sell 3 Hindi channels to address anti-competition
As market sentiment turns positive for India, 10 firms are looking to raise Rs 9,000 cr via IPO over the next 45 days. Will the primary market activity suck out liquidity from the secondary markets?
CLOSING BELL: The top drags were Nestle, Bajaj Finserv, HUL, Kotak Bank, RIL, HDFC, Bajaj Finance, Asian Paints, and IndusInd Bank as they fell in the range of 1 per cent to 3 per cent
Sensex, Nifty gain 0.9%, most in Muhurat trading since Samvat 2065
The benchmark Nifty ended Samvat 2078 at 17,576. The Sensex finished at 59,307, logging marginally negative returns
Analysts advice investors to stay away from longer-duration funds yet, or consider a staggered plan
With corporations still complaining about margin pressures and soft demand, markets will hope for broadening of recovery
If interest rates continue at their current trajectory, the appetite will go down, impacting the consumption and the markets, co-founder of Zerodha and True Beacon said