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Jan 27, 2022 6:03 PM

Q3 Results | Nippon Life India AMC net profit down 18% at Rs 174 crore

Nippon Life India AMC reported a net profit of Rs 173.9 crore for the quarter ended December, down 17.8 percent on a year-on-year basis. Its revenue increased 26.1 percent to Rs 338.5 crore.

It posted Rs 212.1 crore in earnings before interest, taxes, depreciation and ammortisation (EBITDA), up 44.5 percent on year.

The Nippon Life India AMC stock ended 2.6 percent lower at Rs 324.4 apiece on BSE ahead of the earnings announcement.

Jan 27, 2022 5:41 PM

Budget to provide good direction for some PSU banks: Deven Choksey

Deven Choksey of KRChoksey believes the Union Budget will provide good direction for some of the PSU banks. "The consolidation of PSU banks is something the government is keenly following and some of the banks are already consolidated - no major change has happened over a period of time... Whether the PSU banks would be in a position to make the changes into their business model and drive these businesses is something that we need to see," he said.

Jan 27, 2022 5:13 PM

Q3 Results | BHEL net profit at Rs 27 crore

BHEL reported a net profit of Rs 27 crore for the December quarter, as against a net loss of Rs 218 crore for the corresponding period a year ago.

Its revenue increased 15.4 percent to Rs 5,135 crore.

The BHEL stock rose three percent to end at Rs 59.4 apiece on BSE, ahead of the earnings announcement.

Jan 27, 2022 4:50 PM

Nifty has respected 16,825 support but market may remain volatile for now: LKP Securities' Rupak De

Rupak De, Senior Technical Analyst at LKP Securities, said the Nifty has respected support at 16,825, but the market may remain volatile going forward.

''On the lower end, the Nifty held the recent low of 16,836, made in early trades of Tuesday. On the lower-end, support is visible at 16,825-16,800. A decisive fall below 16,800 may trigger the resumption of a corrective phase. However, the Nifty may remain in the recovery mode as long as 16,800 is held," he said.

Jan 27, 2022 4:48 PM

Rupee ends higher at 74.08 vs US dollar

The rupee ended at 74.08 against the greenback on Thursday. On Tuesday, it had settled at 74.78.

Jan 27, 2022 4:16 PM

Market At Close | Nifty Bank up 0.7%, recovers 970 points from day’s low

Here are some highlights:

--Sensex, Nifty50 stage smart recovery from intraday lows

--Sensex off 838 points from day’s low, Nifty up 243 points

--Strong Canara Bank earnings help state-run banking stocks rise; Nifty PSU bank up 5%

--IT stocks remain under pressure with nifty it now down over 13% this month

--Nifty IT set for biggest monthly fall since March 2020

--Volatility index VIX down 2%

--Nifty Bank rises 275 points to 37,982; midcap index down 312 points at 29,365

--Axis Bank, SBI, Kotak Bank, Maruti Suzuki lift Nifty; Infosys, TCS, RIL drag

--Except ICICI Bank, HDFC Bank, all Nifty Bank constituents in green

--HCL Tech, Tech Mahindra, DRL, TCS, Wipro, Divi’s top Nifty losers

--Axis Bank, SBI, Maruti, Cipla, Kotak Bank, IOC, Bajaj Auto top Nifty gainers

--Torrent Pharma top midcap loser after weak Q3, brokerages cut estimates

--IndiaMART, Coforge, Dalmia Bharat, Mindtree, Jubilant FoodWorks top midcap losers

--SRF falls 5% despite better-than-expected earnings

--Market breadth improves but still in favour of declines

Jan 27, 2022 4:09 PM

Market At Close | Axis Bank, SBI, Cipla, Maruti top blue-chip gainers

Kotak Mahindra Bank, Indian Oil, Tata Motors, IndusInd Bank, Bajaj Auto, Hindalco and ITC were also among the top gainers. On the other hand, HCL Tech, Tech Mahindra, Dr Reddy's, TCS, Wipro, Divi's and Titan were the worst hit among the 35 laggards in the Nifty50 pack.

Here's how the 30-scrip basket fared:

Jan 27, 2022 3:48 PM

Closing Bell | Sensex down 581 points at 57,277, Nifty50 at 17,110

Both headline indices recovered more than half of the day's losses. The 30-scrip index ended 581.2 points or one percent lower at 57,276.9 and the broader Nifty50 benchmark settled at 17,110.2, down 167.8 points or 1.1 percent from its previous close. (Read more on the closing bell)

Jan 27, 2022 3:36 PM

Nifty Bank rises over 1%; SBI up 3%

The Nifty Bank made a comeback, up more than one percent in late afternoon deals. Earlier in the day, the banking index had declined as much as 1.8 percent.

Jan 27, 2022 3:21 PM

Explained: Zomato down 10%; in additional surveillance measure list, what next?

Investors and traders in Zomato are stampeding for the exit, but the door is closed for now. Trading in the shares has been frozen at the lower end of the 10% intra-day circuit filter at Rs 90.45. On the NSE, around 1.36 crore sell orders are pending, and 26-odd lakh on the BSE. (Read more)

Jan 27, 2022 3:16 PM

Q3 Results | Laurus Labs profit down 43% at Rs 155 crore

Laurus Labs reported a net profit of Rs 155 crore for the quarter ended December, down 43.2 percent on a year-on-year basis. Its revenue declined 20.1 percent to Rs 1,028.8 crore.

The company posted Rs 285.3 crore in earnings before interest, taxes, depreciation and ammortisation (EBITDA), down 33.1 percent on year. Its EBITDA margin came down to 27.7 percent in the quarter ended Decemebr 2021, as against 33.1 percent in the year-ago period.

The Laurus Labs stock was down two percent at Rs 465.4 apiece on BSE, having fallen as much as 7.3 percent earlier in the day.

Jan 27, 2022 3:05 PM

SBI, Axis Bank, Kotak Mahindra Bank aid recovery in headline indices

Stocks such as Infosys, Reliance Industries, TCS, the HDFC twins and HCL Tech continued to put pressure on both headline indices.

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Jan 27, 2022 2:55 PM

Zomato shares plunge 10%; here's what's pulling the stock lower

Zomato shares plunged 10 percent to the Rs 90.5 mark on Thursday as new age stocks continued to be under selling pressure amid a broad market sell-off. On BSE, the Zomato stock was locked in the lower circuit at 10 percent in afternoon deals, not far from a 52-week low of Rs 84.1 touched on Tuesday. At the day's low, Zomato shares were left with a premium of 19 percent over its issue price. The food aggregator's stock has logged a series of lows in the past few weeks.

Jan 27, 2022 2:50 PM

Colgate Palmolive Q3 net profit up 1.6%

Net profit was up 1.6% at Rs 252.3 crore against Rs 248.3 crore (YoY). Revenue rose 3.9% at Rs 1,280 crore against Rs 1,232 crore (YoY). EBITDA was up 2.6% at Rs 380.4 crore against Rs 370.7 crore (YoY). Margin at 29.7% against 30.1% (YoY).

Jan 27, 2022 2:45 PM

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