National Companies Law Appellate Tribunal (NCLAT) will hear IndusInd Bank’s petition against IL&FS on Nov. 13, IndusInd Bank said in an exchange notification.
Shares of the Mumbai-based air conditioner maker declined as much as 4.3 percent to Rs 517.20 despite beating Bloomberg consensus estimates in September quarter.
Key earnings highlights:
Shares of the Mumbai-based clinical laboratories operator pared gains and was up 0.14 percent at Rs 888 after it reported September quarter earnings.
Key earnings highlights:
Indian equity benchmarks erased gains dragged by selling pressure in State Bank of India, Axis Bank, IndusInd Bank and Tata Steel.
The S&P BSE Sensex was little changed at 34,961 and the NSE Nifty 50 Index fell 0.12 percent or 12 points to 10,511. From the day's highs, Sensex fell as much as 263 points and the Nifty 50 Index dropped 94 points.
Eight of 11 sector gauges compiled by National Stock Exchange were trading lower led by the nifty PSU Bank Index's 2.6 percent decline.
Sharers of the Kolkata-based graphite electrode rose 1.5 percent to Rs 982 after its net profit rose oer ten times in September quarter.
Key earnings highlights:
Shares of the Mumbai-based condom maker erased gains and fell as much as 5.6 percent to Rs 166.10 after its profit declined in September quarter.
Key earnings highlights:
Shares of the Delhi-based news broadcast company were locked in a five percent upper circuit at Rs 34.85 after it reported profit in September quarter.
Key earnings highlights:
Buyers and sellers were not immediately known
Source: Bloomberg
Shares of the Mumbai-based real estate company held on to gains and rose as much as 5.57 percent to Rs 616 after its net profit in September quarter grew 49 percent.
Key earnings highlights:
Shares of the Mumbai-based private sector lender fell as much as 2.95 percent after it filed an application at National Companies Law Appellate Tribunal (NCLAT) against Investment Leasing and Financial Services (IL&FS) after it defaulted on various debt obligations.
Lawyers involved in the matter told BloombergQuint:
Indian equity benchmarks held on to gains led by Reliance Industries, TCS, ICICI Bank and HDFC Bank as crude resumed decline.
The S&P BSE Sensex rose 0.4 percent or 140 to 35,091 and the NSE Nifty 50 Index advanced 0.3 percent or 30 points to 10,553.
Thirteen of 19 sector gauges compiled by BSE were trading higher led by the S&P BSE Energy Index's 1.1 percent gain. On the other hand, the S&P BSE Metal Index was top loser, down 1.65 percent.
Mid-and small-cap shares were witnessing buying interest as the S&P BSE MidCap and S&P BSE SmallCap Indices rose 0.4 percent each.
Markets have corrected but valuations are still are on the higher. In the near term there will be a slow-down in growth because of NBFC fiasco as a lot of consumer demand sectors will get hurt as NBFC cut back on lending, Jyotivardhan Jaipuria, founder and CEO of Valentis Advisors told BloombergQuint in an interview.
Key highlights of the conversation:
Nifty Bank's 26,000 call option contract was among the most active option contracts on the National Stock Exchange.
Premium on the contract fell 82 percent to Rs 5.10. Over 14.65 lakh shares were added to the open interest which stood at over 24.69 lakh shares.
Shares of the country's largest pharmaceutical company rose as much as 2.5 percent to Rs 586 after its U.S. subsidiary Taro Pharma reported its quarterly earnings for the July-September period.
Key sales highlights (YoY)
Cipla Ltd. expects its U.S. revenues to scale up to more than $120 million by the end of the current financial year, its Global Chief Financial Officer Kedar Upadhye told BloombergQuint in an interaction.
Key highlights from the conversation:
Shares of the information technology company extended gains for the second day and rose as much as 2.1 percent to Rs 1,042.
The company tied up with Deutsche Bank to provide digital cheque processing platform to the bank, according to its stock exchange notification.
The analysts' consensus price target tracked by Bloomberg, is 14.1 percent higher than the current market price. The stock has returned 17 percent so far this year.
Shares of the automobile tires and tubes makers fell as much as 8.8 percent, the most since Sept. 21, to Rs 975. The company cut its volume guidance to 2.1-2.2 lakh MT for the current financial year from 2.25-2.3 lakh MT earlier.
Key earnings highlights (Q2, YoY):
Trading Volume was 11.2 times its 30-day average, according to Bloomberg data. The stock fell 16.4 percent so far this year compared to a 4.4 percent advance in the Sensex.
Shares of the housing finance company rose as much as 5.5 percent to Rs 927.60. The company’s profit rose 33 percent on a yearly basis during the quarter ended September.
Key earnings highlights (Q2, YoY)
Major corporate meetings over the next few days.
— BloombergQuint (@BloombergQuint) November 6, 2018
Read: https://t.co/qMJ9RJas36 pic.twitter.com/pIAJak63v6
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