Thank you, readers! That's all from CNBCTV18.com's live market coverage on October 16, 2023. Stay tuned for other updates on our website: CNBCTV18.com.

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Oct 16, 2023 3:50 PM

Stock Market LIVE Updates | Geojit's Vinod Nair On Market

"Persistent geopolitical tensions continue to weigh down the sentiment on equity, yet the mid- and small-cap index witnessed bargain hunting ahead of festival-driven demand and optimistic Q2 result. If the oil price moves higher in a sustained manner, it may elevate yields and operation cost, potentially straining margins in H2FY24. As the earnings season gets into full swing, investors will be more inclined to take a bottom-up approach to restructure their portfolios," Vinod Nair, Head of Research at Geojit Financial Services.

Oct 16, 2023 3:48 PM

Market At Close | Nifty 50, Sensex End Marginally Lower, Off Day's Highs

- Nifty holds 19,700, Midcap outperformance keeps market breadth in favour of advances

- MCX shifting to new platform lifts the stock, rises 4% to record high

- Metal stocks see buying, NMDC rises 3%, Nalco, JSW and Tata Steel up 2% each

- Positive commentary on festive demand leads to a gain of 2% in Hero Moto.

- HDFC Life closes with minor gains despite brokerages being positive on the stock.

- Bajaj Fin and HSFC Bank end the session flat ahead of its earnings.

- Federal Bank slips despite reporting an in-line set of earnings for the second quarter.

- Karur Vysya Bank gains more than 2% as company reports a rise of 48% in profit.

- Delta Corp slides 9% as company gets fresh tax notice of Rs 6,382 crore

- Dalmia Bharat moves 2% higher after better-than-expected second quarter.

- Voda Idea and Bharti erase gains as SC rejects company's plea w.r.t licence fee

- GNFC is top Midcap gainer, rises 6% with healthy volumes

- Market breadth advances, NSE advance-decline ratio at 4:3

- Rupee ends at record closing low of 83.28 against US dollar

Oct 16, 2023 3:32 PM

Stock Market LIVE Updates | Bank Of Maharashtra Reports September Quarter Numbers

- Net profit up 71.90% to Rs 920 crore as on 30.09.2023

- Operating profit up 31.37% to Rs 1,920 crore.

- Net Interest Income (NII) up 28.88% to Rs 2,432 crore.

- Net Interest Margin (NIM) up 3.89% as on 30.09.2023.

- Total business up 22.77% to Rs 422,420 crore.

- Total deposits up 22.18% to Rs 239,298 crore.

- Gross advances up 23.55% to Rs 183,121 crore.

- Gross NPA down 2.19% as on 30.09.2023.

Oct 16, 2023 3:18 PM

Stock Market LIVE Updates | NELCO Reports 26.7% Increase In Net Profit In September Quarter

Oct 16, 2023 3:03 PM

Stock Market LIVE Updates | Deepak Fertilisers Extends Gains

Shares of Deepak Fertilisers and Petrochemicals are in the green for the fifth day today.

The stock is up nearly 6%.

The stock has gained 7.7 percent in the last six months, but is down 3 percent this year, so far.

Oct 16, 2023 3:02 PM

Stock Market LIVE Updates | No Strategic Investor On The Anvil But Open To Having One, Says Texmaco Rail

Texmaco Rail Ltd., the Kolkata-based engineering and infrastructure company is open to a strategic investor post the demerger of its businesses, but says nothing is on the anvil as of now.

"As of now we would be going with a straight demerger. We are not looking for any strategic investors, but yes, we are open for that. In case we get something, we will be happy to look into that," Hemant Bhuwania, the company's CFO told CNBC-TV18 in an interaction.

Read more here

Oct 16, 2023 2:57 PM

Stock Market LIVE Updates | NCLAT Suspends Order In Finolex Matter After SC Directs Chairperson To Conduct Inquiry

The National Company Law Appellate Tribunal (NCLAT) on Monday, October 16, suspended its order pertaining to the disclosure of the results of the annual general meeting (AGM) of Finolex Cable. The order was passed last weekend.

The development comes after the appellate tribunal faced an inquiry by the Supreme Court into the matter. In view of the order of the Supreme Court, NCLT is passing an order for suspension of its judgment passed on October 13, 2023, a two-member bench said on Monday.

Read more here

Oct 16, 2023 2:51 PM

Stock Market LIVE Updates | J Kumar Infra Extends Gains

Shares of J Kumar Infra are in the green for the second day today, up 7.2 percent.

The stock has gained 79.6 percent in the last six months.

Oct 16, 2023 2:47 PM

Stock Market LIVE Updates | Karur Vysysa Bank Hits All-Time High

Shares of Karur Vysysa are in the green again after a day's lapse, up 3.6%.

The stock is trading near its all-time high of Rs 143.6, which it hit earlier today.

The stock has gained 42.8 percent in the last six months.

Oct 16, 2023 2:43 PM

Stock Market LIVE Updates | Bharti Airtel, Vodafone Slip In Trade

Oct 16, 2023 2:38 PM

Stock Market LIVE Updates | Hero MotoCorp Aims To Sell More Than 1.3 Million Bikes This Festive Season

Hero MotoCorp, a homegrown two-wheeler manufacturer, is expecting double-digit growth this festive season. Last year, the company sold 12 lakh units during the festive season. This year, the company has already seen a 30% increase in bookings and a 20% increase in enquiries so far.

Niranjan Gupta, CEO of Hero MotoCorp, while speaking to CNBC TV18, said, "Our priority right now is to ensure a good festive season. We still feel there is a lot of room for growth in the core entry-level segment and therefore we are trying to expand the core portfolio with festive offers and low EMI schemes.”

Read more here

Oct 16, 2023 2:37 PM

Stock Market LIVE Updates | Jindal Photo Hits All-Time High

Shares of Jindal Photo are in the green again today after a day's lapse, up 20%.

The stock is is trading at its all-time high of Rs 746.50.

It has gained 115.32 percent this year, so far.

Oct 16, 2023 2:34 PM

Stock Market LIVE Updates | Supreme Court Rejects Telecos' Plea Of Licence Fee Paid Post July 1999 Be Treated As Revenue Expenditure

Oct 16, 2023 2:19 PM

Stock Market LIVE Updates | Choice International Reports Net Profit Of Rs 29.9 Crore In September Quarter

Oct 16, 2023 2:16 PM

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