ADVERTISEMENT

Sensex, Nifty Extend Gains For Second Session Aided By HDFC, Bajaj Twins

Catch all live updates on share prices, index moves, corporate announcements and more from the Sensex and Nifty, today.  

<div class="paragraphs"><p>A chart displayed on an electronic stock board outside a securities. (Photographer: Kiyoshi Ota/Bloomberg)</p></div>
A chart displayed on an electronic stock board outside a securities. (Photographer: Kiyoshi Ota/Bloomberg)
LIVE FEED
Latest First
  • Oldest First

Closing Bell

Indian equity benchmarks shrugged off a volatile start and advanced for the second consecutive session, aided by gains in consumer durables, information technology, fmcg, power, realty and oil and gas stocks.

The S&P BSE Sensex index rose 0.80% to 60,545.61. The is the highest close for the 30-stock gauge nearly two weeks. The NSE Nifty 50 Index advanced by similar magnitude to 18,068.55. This the first time Nifty 50 closed above 18,000 since October 27. Housing Development Finance Corp. contributed the most to the index gain, increasing 2.8%. Titan Co. had the largest increase, rising 4.3%. Today, 39 of 50 shares rose, while 11 fell.

Sensex, Nifty Extend Gains For Second Session Aided By HDFC, Bajaj Twins

The broader indexes almost mirrored their larger peers with the S&P BSE MidCap index adding 1.2% and the S&P BSE SmallCap index gaining nearly 0.8%. Barring S&P BSE Healthcare index, all the other 18 sectoral indexes compiled by BSE Ltd. advanced, with the S&P BSE Consumer Durables and S&P BSE Oil & Gas rising nearly 2.5%

The market breadth was skewed in favour of the bulls. About 1,819 stocks advanced, 1,540 declined and 191 remained unchanged.

"A solid rebound in Financial Services (excluding Private Banks), IT and metal stocks supported market rally today. Notably, cement stocks were in focus today mainly led by sustainability of sharp price hikes taken by cement companies in recent period and visible contraction in key input costs", Binod Modi wrote in a note. The Head - Strategy at Reliance Securities added "government’s effort to calm down high commodity prices by cutting excise duties in petrol and diesel augurs well, which will also aid RBI to keep interest rate at current range to support ongoing recovery."

Britannia Reports Sequential Growth In Revenue In September Quarter

Britannia Q2 FY22 (Consolidated, QoQ)

  • Revenue up 6% at Rs 3607.37 crore Vs Rs 3403.46 crore

  • Net profit down 1% to Rs 384.22 crore from Rs 389.55 crore

  • EBITDA up 1% to Rs 558.33 crore Vs Rs 553.78 crore

  • Margins at 15.5% Vs 16.3%

ADVERTISEMENT

Poonawalla Fincorp Has 3.96% Of Equity Traded In Three Bunch Trades

  • Poonawalla Fincorp has 30.3 million shares change hands in three bunch trades.

  • Details of buyers and sellers are not immediately known.

Source: Bloomberg


Wockhardt  Jumps After Q2 Numbers

Shares of Wockhardt Ltd. rose 7.62% in intraday trade to Rs 474 apiece after the company reported sequential growth in sales and net profit in the September quarter

Second Quarter Results (QoQ)

  • Net profit at Rs 35 crore vs net loss of Rs 13 crore

  • Sales at Rs 862 crore vs Rs 860 crore

  • Ebitda at Rs 109 crore vs Rs 108 crore

  • Ebitda margins at 12.7% vs 12.5%

Trading volume on the stock was 4 times the 30-day average volume for this time of the day.

ADVERTISEMENT

Sundaram Finance Slips After Reporting Q2 Numbers

Shares of Sundaram Finance Ltd. shed 1% to Rs 2,480.05 apiece after the company reported its September quarter numbers

Second Quarter Numbers

  • Net income at Rs 210.65 crore vs Rs 191.99 crore YoY

  • Revenue from operations Rs 1,021.82 crore vs Rs 992.96 crore YoY

  • Total costs at Rs 746.71 crore vs Rs 744.03 crore YoY

  • Other income at Rs 3.35 crore vs Rs 4.90 crore YoY

Of the seven analysts tracking the company, three maintained 'buy', two maintained 'hold' and two maintained 'sell' recommendations. The overall consensus price of analysts tracked by Bloomberg implied an upside of 3.9%


Rupee Gains Past 74 Against U.S. Dollar Amid Share Sale Inflows

Sensex, Nifty Extend Gains For Second Session Aided By HDFC, Bajaj Twins
  • Rupee gained past 74 to a dollar to its highest since September 28 amid inflows for share sales.

  • USD/INR drops to as much as 73.9863, last seen September 28.

ADVERTISEMENT