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Market Live: Indices wipe out gains as Nifty hovers around 10150, Sensex flat; Bajaj Auto at 52-week low

Market Live: Indices wipe out gains as Nifty hovers around 10150, Sensex flat; Bajaj Auto at 52-week low

Market Live: Indices wipe out gains as Nifty hovers around 10150, Sensex flat; Bajaj Auto at 52-week low - nifty, market, indices, hovers, gains, around, 10150
Market Live: Indices wipe out gains as Nifty hovers around 10150, Sensex flat; Bajaj Auto at 52-week low - nifty, market, indices, hovers, gains, around, 10150

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Oct 24, 2018 02:58 PM IST | Source: Moneycontrol.com

Buying across sectors aiding market; Pharmaceuticals see some selling pressure.

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  • Gold update: Gold prices spurted by Rs 150 to trade at this year’s high of Rs 32,500 per 10 grams at the bullion market Wednesday on persistent buying by local jewellers amid a firm trend overseas.

    Silver, however, shed Rs 20 to Rs 39,730 per kg owing to reduced offtake by industrial units

    Source: PTI








  • Market Update Some buying in the last hour has boosted the market. The Sensex is up over 100 points, while the Nifty is around 10,200.

    The Sensex is up 105.26 points or 0.31% at 33952.49, while the Nifty up 58.40 points or 0.58% at 10205.20. The market breadth is negative as 1,199 shares advanced, against a decline of 1,232 shares, while 1,161 shares were unchanged.








  • Rupee Updates: The Indian rupee is trading higher by 40 paise at 73.17 per dollar versus previous close 73.57 on the back falling crude oil prices and on dollar selling by banks and exporters.








  • Jyothy Labs Q2: The company’s September quarter net profit was up 7.2 percent at Rs 45.3 crore against Rs 42.3 crore. Revenue was up 7.1% at Rs 427.7 crore against Rs 399.2 crore, YoY.








  • Results reaction: Sundaram-Clayton reported Q2 net profit at Rs 12.1 crore versus Rs loss of Rs 40.5 crore. Revenue was up 18.5 percent at Rs 488 crore against Rs 411.8 crore, YoY.

    At 14:35 hrs Sundaram-Clayton was quoting at Rs 3,730.00, down Rs 99.85, or 2.61 percent on the BSE.








  • Crude extends losses: Brent crude prices are trading down by 1.60 percent at USD 75.22 per barrel.








  • Market Update: Benchmark indices has wiped-out all its morning gains with Nifty slipped below 10,150 level.

    The Sensex is down 76.42 points at 33770.81, while Nifty is down 8.80 points at 10138. About 1106 shares have advanced, 1293 shares declined, and 1192 shares are unchanged. 








  • Market Live: Indices wipe out gains as Nifty hovers around 10150, Sensex flat; Bajaj Auto at 52-week low - nifty, market, indices, hovers, gains, around, 10150







  • Bajaj Auto slips 3 percent: The company’s Q2 net profit at Rs 1,152.5 crore, revenue up 21% at Rs 7,987 crore and EBITDA up at 3.4% at Rs 1,343 crore.

    At 13:54 hrs Bajaj Auto was quoting at Rs 2,510.50, down Rs 75.90, or 2.93 percent.








  • Radico Khaitan Q2 result: The company’s net profit was up 73 percent at Rs 49.5 crore against Rs 28.6 crore. Revenue rose 15.5 percent at Rs 517.7 crore versus Rs 448.2 crore, YoY.








  • Result reaction: Gallantt Ispat added 5 percent after company posted strong numbers for the quarter ended September 2018. The company’s Q2FY19 net profit jumped 231 percent at Rs 31.2 crore against Rs 9.4 crore in the same quarter last fiscal. Revenue increased 175 percent at Rs 263 crore versus Rs 95.5 crore.








  • JUST IN | Zydus Wellness has announced the acquisition of subsidiary of Kraft Heinz— Heinz India— jointly with Cadila Healthcare. The company further told exchanges that it will include brands such as Complan, GluconD, Nycil and Sampriti Ghee, two large manufacturing facilities in Aligarh and Sitarganj along with teams devoted to operations, research, sales, marketing and support. The deal value is pegged at Rs 4,595 crore. 








  • RESULTS | Karur Vysya Bank reported a net profit growth of 10.7 percent at Rs 83.7 crore against Rs 75.6 crore year on year. Net interest income rose 4.3 percent at Rs 79.1 crore against Rs 555 crore. 








  • JUST IN | Reliance Naval rolls out training ship for Indian Coast Guard. 

    Reliance Naval has launched a training ship of 3,000 tonnes displacement at the shipyard of Reliance Naval & Engineering, located at the Port of Pipavav, Gujarat. The ship was named ICGS Varuna.

    The company further told exchanges that the Training Ship has the primary role to impart sea training to cadets, including an all-round exposure to the lives of Coast Guard officers. The vessel is 105 meters long, with a capacity of accommodating 242 personnel. The vessel is powered by twin diesel engines of 10,400 KW and can move at a speed of 20 knots. 

    The vessel is also equipped with weapons systems and is capable of policing maritime zones of the country as well as for search and rescue missions. The vessel’s capability also includes operating a twin-engine helicopter for undertaking maritime reconnaissance.








  • Karur Vysya Bank Q2 result: The company has reported Q2 net profit at Rs 83.7 crore, net NPA at 4.41% and Gross NPA at 7.70%.








  • TCS partners with Intel: Tata Consultancy Services is partnering with Intel to integrate Intel Software Guard Extensions technology with the Quartz Blockchain solution, to further enhance the privacy and security of blockchain based ecosystems implemented using Quartz. 








  • Bharti Airtel raises fund: Airtel Africa, a subsidiary of India’s Bharti Airtel, said on Wednesday it raised USD 1.25 billion from six global investors including SoftBank Group Corp, Warburg Pincus LLC and Temasek Holdings, reported Reuters.








  • Top Losers on Sensex and Nifty:

    Market Live: Indices wipe out gains as Nifty hovers around 10150, Sensex flat; Bajaj Auto at 52-week low - nifty, market, indices, hovers, gains, around, 10150







  • Market Update: The benchmark indices are trading higher but off day’s high with Nifty is trading below 10,200 level.

    The Sensex is up 116.13 points at 33963.36, while Nifty up 36.50 points at 10183.30. About 1094 shares have advanced, 956 shares declined, and 1534 shares are unchanged. 








  • TTK Prestige Q2 result: The company’s Q2 net profit rose 28.4 percent at Rs 53.8 crore against Rs 41.9 crore. Revenue was up 7.3 percent at Rs 552.3 crore against Rs 514.6 crore.








  • Buzzing: Shares of Sasken Technologies slipped 12 percent after company reported weak set of numbers for the quarter ended September 2018.

    The company’s Q2 net profit fell 39 percent to Rs 16.89 crore versus Rs 28 crore in the June quarter (Q1FY19). Revenue slipped to Rs 113.08 crore versus Rs 134.27 crore.

Rakesh Patil

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