Stock Market LIVE: Kirloskar Oil Engines Share Price Jumps To Highest Level Since December, 2024
Kirloskar Oil Engines Ltd. share price jumped 14.02% to Rs 1,070 apiece, the highest levels since Dec 19, 2024.
Kirloskar Oil Engine Q2 Earnings Key Highlights (Consolidated, YoY)
Revenue up 30% at Rs 1,948 crore vs Rs 1,499 crore
Ebitda up 28.5% at Rs 382 crore vs Rs 297 crore
Margin at 19.6% vs 19.8%
Net Profit up 27.4% at Rs 162 crore vs Rs 128 crore
Sectoral Performance At Open: Nifty IT Leads Rally
Nifty Contributors: RIL, HDFC Bank, Airtel Shares Support Gains
Markets At Open: Nifty, Sensex Extend Gains To Third Session
The NSE Nifty 50 and BSE Sensex extended gains to a third session as Reliance Industries Ltd. and HDFC Bank Ltd. shares led. Gains in Asian equities on the back hopes for an end to US Government shutdown also supported the risk-on mood.
Moreover, the US and India both expressed confidence to close a trade deal soon, which further lifted sentiment. The indices were trading 0.52% and 0.44% higher, respectively as of 9:23 a.m.
LIVE: Yield On 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.47%
Source: Bloomberg
LIVE: Rupee Opens Weaker Against US Dollar
Rupee opened 6 paise weaker at 88.63 against US Dollar
It closed at 88.57 a dollar on Tuesday
Source: Bloomberg
LIVE: The Worst Is Over For Rupee; Jefferies Sees It At Around 90 Per US Dollar For Next 12 Months
The worst is over for the Indian rupee after the currency remained its position as the worst performer among major economies for the ongoing calendar year, Jefferies said in its India strategy note. The global brokerage sees it staying at around 90 per US dollar for the next 12 months.
The dollar index, which gauges the strength of the greenback against six major currencies, will likely be softer and stay below the 100-mark, according to Jefferies. This is a positive for the Indian unit.
Tata Motors To Get Share Allocation Of New Commercial Vehicle Entity
Tata Motors had informed that shareholders would receive shares of the new commercial vehicles entity in a 1:1 ratio, based on holdings as of the record date, Oct. 14, 2025.
So far, shares have already been credited to investors’ Demat accounts, though they remained inactive pending the listing. The upcoming listing will enable trading to begin on the exchanges.
Track live updates here.
Stock Market LIVE: Gold Price Declines Near Rs 1,24,400 Levels
Gold prices in India declined to Rs 1,24,380 on Wednesday, consolidating after the three days rise.
The metal held gains after it saw its biggest daily jump since May in the previous session, trading around $4,140 an ounce. Gold remains on course for its strongest annual gain since 1979, having reached a series of record highs before retreating last month. US rate cuts have underpinned prices, which have also been buoyed by inflows into bullion-backed exchange-traded funds and sustained central bank buying.
Bharat Forge Q2 Review: Brokerages Stay Cautious Despite Strong Quarter
Shares of Bharat Forge Ltd. are in focus on Wednesday's trade, after the company reported strong financials for the September quarter.
The defence major's profit rose 23% to Rs 299.20 crore in the second quarter of this financial year. This is in comparison to profit of Rs 243.59 crore in the previous quarter of this fiscal.
Asia Markets LIVE: SoftBank Group Share Price Plunges Over 10% Following Its Exit From Nvidia
SoftBank Group plunged over 10% early trade on Tuesday as the company exited from Nvidia Corp. The Japanese multinational investment banker's stock touched a one-month low in Tokyo.
SoftBank Group's exit from AI market leaders scared investors about technology sector valuation, Bloomberg said. The investment banker offloaded its entire stake in Nvidia Corp for $5.83 billion.
LIVE: GIFT Nifty Implies Higher Open; Godrej Ind, Zaggle Prepaid, Tata Power Shares In Focus
The GIFT Nifty was trading 0.08% or 19.50 points lower at 25,979 as of 6:37 a.m. The levels indicated nearly 300 points higher open for the NSE Nifty 50 index from the Tuesday's close level.
Traders will monitor Godrej Industries Ltd., Zaggle Prepaid Ocean Services Ltd., Tata Power Ltd., Thermax Ltd., BSE Ltd. shares are likely to react because these companies released their second-quarter earnings.
The NSE Nifty index ended in green, above the important mark of 25,650. Gains in the index were led by InterGlobe Aviation Ltd. and Mahindra & Mahindra Ltd.
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