Tata Motors reports Q2 earnings with consolidated net loss of Rs 1,048 crore##Tata Motors reports Q2 earnings with consolidated net loss of Rs 1,048 crore

Oct 31, 2018 3:55 PM

Closing Bell: Sensex ends 551 points higher, Nifty eyes 10,400##Closing Bell: Sensex ends 551 points higher, Nifty eyes 10,400

The Sensex gained 551 points, or by 1.63 percent, to close at 34,442, while the Nifty ended the day near 10,400, at 10,386, rising by 188 points, or 1.85 percent. Broader markets also gained with the Nifty MidCap rising 1.92 percent, or by 323 points, while the BSE MidCap surged 1.56 percent. Among top gainers, Tech Mahindra was leading as the top percentage gainer, rising 8.58 percent, followed by Indiabulls Housing Finance at 8.51 percent. UPL shares also surged nearly 6 percent. HDFC and HCL Tech gained, 5.82 percent and 5.05 percent, respectively. Volumewise, HDFC, Infosys and ICICI Bank majorly helped indexes along with TCS, Axis Bank, L&T, IndusInd Bank, SBI, Sun Pharma and Hindustan Unilever. Among top percentage losers, Coal India fell the most by 3.52 percent, while Dr Reddy's Labs, Tata Steel, Hindalco, Maruti Suzuki fell by up to 2 percent. Coal India, Maruti Suzuki, Tata Steel, Kotak and HDFC Banks were the biggest drag on indexes.

Oct 31, 2018 3:47 PM

Lupin reports Q2 consolidated net profit at Rs 265 crore##Lupin reports Q2 consolidated net profit at Rs 265 crore

Oct 31, 2018 3:20 PM

Lupin shares recover post Q2 results, Sensex, Nifty extend gains ahead of close##Lupin shares recover post Q2 results, Sensex, Nifty extend gains ahead of close

Shares of Lupin recovered after the company posted a Q2 consolidated net profit of Rs 265 against a CNBCTV18 poll of Rs 260.3 crores. Lupin shares traded at Rs 885, up by nearly a percent on the NSE at 3.18 pm. Meanwhile, the Nifty traded at 10,388, trading higher by 190 points, or 1.86 percent, while the Sensex extended gains by 558 points, or 1.65 percent, trading at 34,449.40.

Oct 31, 2018 3:19 PM

Hindustan Zinc at 3-month low as stock trades ex-dividend##Hindustan Zinc at 3-month low as stock trades ex-dividend

Shares of Hindustan Zinc fell nearly 9 percent to a three-month low of 261.50 rupees as the stock traded ex-dividend. Shares generally trade weak when the stock goes ex-dividend, as stock prices fall by nearly the same amount as the dividend announced. The company has announced special interim dividend of Rs 20 per share. So far today, over 2.6 million shares of the company have been traded on the NSE, sharply higher than their six-month average daily volume of 1.9 million shares. At 2.49 pm, the stock was down 8.4 percent at Rs 262.95. (Cogencis)

Oct 31, 2018 3:13 PM

PMO India may consider asking Finance Ministry to prepone planned capital infusion in PSBs of Rs 45,000 crore##PMO India may consider asking Finance Ministry to prepone planned capital infusion in PSBs of Rs 45,000 crore

Oct 31, 2018 2:51 PM

Escorts reports Q2 earnings with net profit up 32.4% at Rs 102 crore##Escorts reports Q2 earnings with net profit up 32.4% at Rs 102 crore

Oct 31, 2018 2:38 PM

Market update: Sensex surges 360 points, Nifty crosses 10,300##Market update: Sensex surges 360 points, Nifty crosses 10,300

Benchmark indexes surged higher on Wednesday afternoon after the government issued its statement on reports of rift with the RBI. The Sensex traded at 34,251.18, gaining 360.05 points, or 1.06 percent. The Nifty also crossed the 10,300 level, at 10,313.95, rising by 115.55 points, or 1.13 percent.

Oct 31, 2018 2:19 PM

Dabur India reports Q2 earnings with net profit at Rs 377.5 crore##Dabur India reports Q2 earnings with net profit at Rs 377.5 crore

Oct 31, 2018 1:14 PM

Here's the full text of Department of Economic Affairs' statement on reports of rift with the RBI

"The autonomy for the Central Bank, within the framework of the RBI Act, is an essential and accepted governance requirement. Governments in India have nurtured and respected this. Both the Government and the Central bank, in their functioning, have to be guided by public interest and the requirements of the Indian economy. For the purpose, extensive consultations on several issues take place between the Government and the RBI from time to time. This is equally true of all other regulators. Government of India has never made public the subject matter of those consultations. Only the final decisions taken are communicated. The Government, through these consultations, places its assessment on issues and suggest possibles solutions. The Government will continue to do so."

Follow CNBCTV18.com's live blog to track latest updates and developments on the ongoing RBI vs Government situation.

Oct 31, 2018 1:02 PM

DEA & DFS Secretaries say that the Govt will issue a statement##DEA & DFS Secretaries say that the Govt will issue a statement

Oct 31, 2018 12:25 PM

Tech Mahindra shares surge 8% on strong Q2 results##Tech Mahindra shares surge 8% on strong Q2 results

Tech Mahindra shares jumped 8.3% on Wednesday on the back of strong Q2 results. The stock touched an intra-day high of Rs 740.50, surging 8.32 percent, continuting its uptrend from the last four day, rising nearly 12 percent during the period. Tech Mahindra, on Tuesday posted 27 percent year-on-year (YoY) rise in net profit at Rs 1,064.33 crore for the quarter ended September 30, 2018 as it clocked more deals in the July-September period. CNBC-TV18 poll had predicted profit at Rs 1,041 crore for the quarter under review. At 12.05 pm, Tech Mahindra shares traded at Rs 733.60, down by 7.08 percent on the NSE.

Oct 31, 2018 12:06 PM

Torrent Power surges as Jul-Sep consol PAT up 30% on year##Torrent Power surges as Jul-Sep consol PAT up 30% on year

Shares of Torrent Power gained 12 percent after the company reported a 29.8 percent on-year growth in consolidated net profit to 4.12 bln rupees for the September quarter. More than 4.2 million shares of the company were traded on the NSE, much higher than its three-month average daily traded volume of 1.3 million shares. Shares of the company traded at Rs 254.80, higher by 11.88 percent on the NSE at 11.48 am. Meanwhile, the 50-share benchmark Nifty traded flat at 10,196.60, down by 2 points. The Sensex was lower by 51 points, or 0.15 percent, at 33,840. Indexes recovered after broader market indices rose with the Nifty MidCap up by nearly half a percent and the BSE MidCap higher by 0.3 percent.

Oct 31, 2018 11:50 AM

L&T Q2 earnings preview: Analysts expect double-digit topline growth##L&T Q2 earnings preview: Analysts expect double-digit topline growth

Larsen & Toubro (L&T) will report its second-quarter earnings on Wednesday and Dalal Street is expecting good set of numbers this time around. Read more

Oct 31, 2018 11:13 AM

Renuka Sugars down 3% as Q2 net loss widens##Renuka Sugars down 3% as Q2 net loss widens

Shares of Shree Renuka Sugars traded over 3 percent lower at Rs 12.75 as the company's net loss widened to Rs 2.75 billion in July-September quarter from Rs 1.5 billion a year ago. Revenue from operations for the quarter fell 32.6 percent on year to Rs 9.21 billion. The company's operating loss was at Rs 921 million in July-September as against an operating profit of Rs 44 million a year ago. So far in 2018, the stock has declined 21.7 percent. (Cogencis)

Oct 31, 2018 11:06 AM

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