Benchmark indices restored its day's gain following a minor blip in Wednesday's afternoon session.
The S&P BSE Sensex was up 330 points, or 0.8 per cent, at 41,308 levels. Bajaj Finance (up 3%), ITC, Nestle, Larsen & Toubro (all up 2%) were the top gainers in the Sensex pack. On the other hand, TCS slipped over 1 per cent.
The broader Nifty50 index reclaimed the psychological level of 12,150, and was trading around 12,160 levels, up 105 points, or 0.87 per cent.
All the Nifty sectoral indices, except Nifty Pharma index, were trading in the green. Nifty Metal, Nifty Auto, and Nifty Realty indexes were all up over 1 per cent.
In the broader market, the S&P BSE MidCap index gained 144 points, or 0.92 per cent, and the S&P BSE SmallCap index was trading 89 points, or 0.6 per cent, higher.
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03:21 PM
Earnings Alert | Godrej Consumer Q3 result
>> Net profit at Rs 445.2 crore
>> Revenue at Rs 2,778 crore
>> EBITDA at Rs 630.6 crore
03:15 PM
From tax rate cuts to job creation, India Inc sees a populist Budget
India Inc is expecting a slew of economy-boosting steps such as income-tax rate cuts, increased rural infrastructure spending, and job creation measures in the Union Budget, to be announced by Finance Minister Nirmala Sitharaman this Saturday. READ MORE
02:51 PM
Earnings Alert | Jubliant Food Q3 results
>> Net profit at Rs 103.7 crore
>> Revenue at Rs 1,059.6 crore
>> EBITDA at Rs 253.6 crore; margin at 23.9%
02:49 PM
Earnings Alert | Escorts Q3
>> Standalone net profit at Rs 153 crore
>> Total revenue at Rs 1,660.17 crore
>> EBITDA at Rs 212 crore; margin 13%
02:43 PM
Aptech shares rebound 17% from day's low on heavy volume
Shares of Aptech moved higher by 4 per cent to Rs 169, bouncing back 17 per cent from its early morning low of Rs 145 on the BSE on Wednesday on the back of huge volume. On the National Stock Exchange (NSE), the stock recovered 14 per cent from its intra-day low of Rs 148. The trading volume on the counter jumped more than three-fold during the day. A combined 1.72 million equity shares -representing 4 per cent of total equity of IT training services company changed hands on the NSE and BSE so far. READ MORE
markets
02:35 PM
Tata Motors climbs 6% after falling 12% in nine days
Shares of Tata Motors climbed 6 per cent to Rs 187 on the BSE on Wednesday on the back of heavy volumes after Edelweiss Securities upgraded the stock to ‘Buy’. It also revised sum-of-the-parts or SOTP-based target price to Rs 245 from earlier Rs 140 per share. The counter has seen huge trading volumes with a combined 44 million equity shares changing hands on the NSE and BSE till 02:00 pm. In comparison, the S&P BSE Sensex was up 0.82 per cent at 41,304 points. READ MORE
Tata Motors Q2 loss narrows to Rs 217 crore on better JLR performance
02:24 PM
Global Markets check
Asian shares fell on Wednesday as a spike in new Chinese virus cases sent Hong Kong stocks tumbling and added to worries about the economic impact of the outbreak.
Chinese stock futures in Singapore rebounded from two days of losses to rise 1.79 per cent, the biggest gain in almost seven weeks. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.41 per cent. But most of the losses were confined to Hong Kong shares, which sank 2.4 per cent on their first session after a two-and-a-half trading day break for Lunar New Year, led by declines in financial services, real estate, and consumer goods companies as a growing number of firms warned they may take a hit from the China virus.
Japan’s Nikkei stock index rose 0.62 per cent, and Australia’s main index added 0.53 per cent, partly because investors in these markets had already had a chance to react to the outbreak, which has claimed more than 100 lives.
European futures rose 0.22 per cent in early trading and US stock futures were up 0.27 per cent.
(Reuters)
02:13 PM
Bajaj Finance hits new high on highest ever quarterly profit of Rs 1,614 cr in Q3
Shares of Bajaj Finance surged 4 percnet, to hit a high of Rs 4,383.05, also its fresh lifetime high, on the BSE on Wednesday after the non-banking finance company (NBFC) reported its highest ever quarterly consolidated net profit at Rs 1,614.11 crore in the December quarter of FY20 (Q3FY20), a jump of 52 per cent year-on-year (YoY) from a net profit of Rs 1,059.56 crore (Q3FY19).READ MORE
stocks, stock market, m arket, sensex, growth, revenue, earnings, results, Q2,Q1, Q3, Q4, COMPANY, nse, bse,
02:06 PM
RESULT IMPACT:: Bajaj Finance surges over 3%
01:52 PM
BROKERAGE RADAR | Emkay Global Financial Services on United Spirits
Following the stock’s underperformance over the last two years, valuations at 34xFY22E core business earnings (excl. the value of treasury stock and IPL franchise) now appear reasonable and offer good upsides. We upgrade the rating to Buy from Hold and become OW in EAP. Our revised TP stands at Rs 735
(from Rs 655) based on 42x Mar’22E earnings. A recovery in volumes and price increases in key states are potential upside triggers.
The S&P BSE Sensex was up 330 points, or 0.8 per cent, at 41,308 levels. Bajaj Finance (up 3%), ITC, Nestle, Larsen & Toubro (all up 2%) were the top gainers in the Sensex pack. On the other hand, TCS slipped over 1 per cent.
The broader Nifty50 index reclaimed the psychological level of 12,150, and was trading around 12,160 levels, up 105 points, or 0.87 per cent.
All the Nifty sectoral indices, except Nifty Pharma index, were trading in the green. Nifty Metal, Nifty Auto, and Nifty Realty indexes were all up over 1 per cent.
In the broader market, the S&P BSE MidCap index gained 144 points, or 0.92 per cent, and the S&P BSE SmallCap index was trading 89 points, or 0.6 per cent, higher.
CATCH ALL THE LIVE UPDATES
Auto Refresh
03:21 PM
Earnings Alert | Godrej Consumer Q3 result
>> Net profit at Rs 445.2 crore
>> Revenue at Rs 2,778 crore
>> EBITDA at Rs 630.6 crore
03:15 PM
From tax rate cuts to job creation, India Inc sees a populist Budget
India Inc is expecting a slew of economy-boosting steps such as income-tax rate cuts, increased rural infrastructure spending, and job creation measures in the Union Budget, to be announced by Finance Minister Nirmala Sitharaman this Saturday. READ MORE
02:51 PM
Earnings Alert | Jubliant Food Q3 results
>> Net profit at Rs 103.7 crore
>> Revenue at Rs 1,059.6 crore
>> EBITDA at Rs 253.6 crore; margin at 23.9%
02:49 PM
Earnings Alert | Escorts Q3
>> Standalone net profit at Rs 153 crore
>> Total revenue at Rs 1,660.17 crore
>> EBITDA at Rs 212 crore; margin 13%
02:43 PM
Aptech shares rebound 17% from day's low on heavy volume
Shares of Aptech moved higher by 4 per cent to Rs 169, bouncing back 17 per cent from its early morning low of Rs 145 on the BSE on Wednesday on the back of huge volume. On the National Stock Exchange (NSE), the stock recovered 14 per cent from its intra-day low of Rs 148. The trading volume on the counter jumped more than three-fold during the day. A combined 1.72 million equity shares -representing 4 per cent of total equity of IT training services company changed hands on the NSE and BSE so far. READ MORE
markets
02:35 PM
Tata Motors climbs 6% after falling 12% in nine days
Shares of Tata Motors climbed 6 per cent to Rs 187 on the BSE on Wednesday on the back of heavy volumes after Edelweiss Securities upgraded the stock to ‘Buy’. It also revised sum-of-the-parts or SOTP-based target price to Rs 245 from earlier Rs 140 per share. The counter has seen huge trading volumes with a combined 44 million equity shares changing hands on the NSE and BSE till 02:00 pm. In comparison, the S&P BSE Sensex was up 0.82 per cent at 41,304 points. READ MORE
Tata Motors Q2 loss narrows to Rs 217 crore on better JLR performance
02:24 PM
Global Markets check
Asian shares fell on Wednesday as a spike in new Chinese virus cases sent Hong Kong stocks tumbling and added to worries about the economic impact of the outbreak.
Chinese stock futures in Singapore rebounded from two days of losses to rise 1.79 per cent, the biggest gain in almost seven weeks. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.41 per cent. But most of the losses were confined to Hong Kong shares, which sank 2.4 per cent on their first session after a two-and-a-half trading day break for Lunar New Year, led by declines in financial services, real estate, and consumer goods companies as a growing number of firms warned they may take a hit from the China virus.
Japan’s Nikkei stock index rose 0.62 per cent, and Australia’s main index added 0.53 per cent, partly because investors in these markets had already had a chance to react to the outbreak, which has claimed more than 100 lives.
European futures rose 0.22 per cent in early trading and US stock futures were up 0.27 per cent.
(Reuters)
02:13 PM
Bajaj Finance hits new high on highest ever quarterly profit of Rs 1,614 cr in Q3
Shares of Bajaj Finance surged 4 percnet, to hit a high of Rs 4,383.05, also its fresh lifetime high, on the BSE on Wednesday after the non-banking finance company (NBFC) reported its highest ever quarterly consolidated net profit at Rs 1,614.11 crore in the December quarter of FY20 (Q3FY20), a jump of 52 per cent year-on-year (YoY) from a net profit of Rs 1,059.56 crore (Q3FY19).READ MORE
stocks, stock market, m arket, sensex, growth, revenue, earnings, results, Q2,Q1, Q3, Q4, COMPANY, nse, bse,
02:06 PM
RESULT IMPACT:: Bajaj Finance surges over 3%
01:52 PM
BROKERAGE RADAR | Emkay Global Financial Services on United Spirits
Following the stock’s underperformance over the last two years, valuations at 34xFY22E core business earnings (excl. the value of treasury stock and IPL franchise) now appear reasonable and offer good upsides. We upgrade the rating to Buy from Hold and become OW in EAP. Our revised TP stands at Rs 735
(from Rs 655) based on 42x Mar’22E earnings. A recovery in volumes and price increases in key states are potential upside triggers.
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