Salim Gangadharan as Part Time Non-Executive Chairman of The South Indian Bank for further period of one year with effect from November 2, 2022 to November 1, 2023.
Source: Exchange filing
The broader indices underperformed their larger peers, with MidCap and SmallCap falling 0.4%. Fourteen of the 19 sectoral indices compiled by BSE declined.
The market breadth is skewed in the favour of bears. About 1,519 stocks rose, 1,776 fell and 152 remained unchanged.
SEBI developing algos to detect violations
SEBI Chaiperson Madhabi Puri Buch at an event
Elon Musk could become CEO of Twitter, after completing $44 billion acquisition, Bloomberg News Reported.
Musk is already leading Tesla Inc. and SpaceX.
Musk could replace Parag Agrawal, who was fired along with other major executive upon completion of the takeover, Bloomberg reported citing a person familiar with the matter.
Twitter representatives declined to comment.
Source: Bloomberg
GAIL India has 1.03 million shares change hands in a large trade.
GAIL India has 1.23 million shares change hands in another large trade.
Details of buyers, sellers are not known immediately.
Source: Bloomberg
Coal India has 1.02 million shares change hands in a large trade.
Coal India also has 2.01 million shares change hands in another trade.
Details of buyers, sellers are not known immediately.
Source: Bloomberg
Shares of Infibeam Avenues jumped 13.34% on BSE during early trade after the Reserve Bank of India gave approval to the company, allowing it to operate as payment aggregator.
-The RBI gave an in-principle authorisation to the company to operate as a payment aggregator under the Payment and Settlement Systems Act, 2007.
-The authorisation permits Infibeam to provide digital payments services to any merchants online or offline across the country.
Source: BSE
The market breadth is skewed in the favour of bulls. About 1,610 stocks rose, 870 fell and 109 remained unchanged.
Vedanta, Maruti Suzuki India, Mangalore Refinery & Petrochemicals, Tata Power, JSW Energy, Dr. Reddy's Laboratories, Astec Lifesciences, Bandhan Bank, Blue Dart Express, Carborundum Universal, CCL Products (India), Datamatics Global Services, Dwarikesh Sugar Industries, Eveready Industries India, IFB Industries, Intellect Design Arena, NIIT, Olectra Greentech, Punjab Alkalies & Chemicals, Ramco Industries, Rane Holdings, Satia Industries, Satin Creditcare Network, Sona BLW Precision Forgings, Sumitomo Chemical India, TTK Healthcare
Vedanta: The company, along with other parties to the production sharing contract, got government approval for 10-year extension till May 14, 2030, for Rajasthan oil block.
IDBI Bank: The finance ministry extended the deadline for potential bidders to submit queries on IDBI Bank privatisation by 13 days till Nov. 10.
IFCI: The company issued 9.29 crore shares at a price of Rs 10.76 per share on preferential basis to the Government of India, aggregating to around Rs 100 crore. Now the government holds 66.35% shares in the company.
Indus Towers: The board of the company has approved raising Rs 2,000 crore via non-convertible debentures in one or more tranches on private placement basis.
Spandana Sphoorty Financial: The board of the company will convene on Nov. 1, 2022, to consider and approve raising of funds via NCDs on a private placement basis.
FSN E-Commerce Ventures: The company will appoint Rajesh Uppalapati as Chief Technology Officer, with effect from Nov. 01, 2022.
EKI Energy Services: The company has executed a joint venture agreement to incorporate a public limited company to drive focused educational initiatives and establish climate finance marketplace to mobilise funds from global markets for sustainable climate projects across the world.
Infibeam Avenues: The company received in-principle authorisation from the Reserve Bank of India to operate as a payment aggregator.
Dhanuka Agritech: The board of directors will meet on Nov. 1 to we wish to consider the proposal for buyback of fully paid-up equity shares through tender offer route.
Kaveri Seed Company: The board approved buyback of equity shares at a price of Rs 700 apiece, aggregating to Rs 125 crore.
PC Jeweller: The company defaulted on loans worth Rs 3,466.28 crore.
SBI Cards and Payment Services Q2 FY23
Interest income up 27% at Rs 1,484 crore (YoY)
Net profit up 28% at Rs 526 crore (YoY)
GNPA 2.14% versus 2.24% (QoQ)
NNPA 0.78% versus 0.79% (QoQ)
Aditya Birla Sun Life AMC Q2 FY23 (Consolidated, YoY)
Revenue fell 6% to Rs 311 crore.
Ebitda fell 8% to Rs 258.17 crore.
Ebitda margin 83% Vs 84%.
Net profit up 11% at Rs 191.68 crore.
Anupam Rasayan India Q2 FY23 (Consolidated, YoY)
Revenue up 55% at Rs 386 crore.
Ebitda up 63% at Rs 104.25 crore.
Ebitda margin 27% Vs 26%
Net profit up 15% at Rs 41.56 crore.
Indus Towers Q2 FY23 (Consolidated, YoY)
Revenue up 16% at Rs 7,967 crore.
Ebitda fell 23% to Rs 2,812.40 crore.
Ebitda margin 35% versus 53%
Net profit fell 44% to Rs 871.8 crore.
Tata Chemicals Q2 FY23 (Consolidated, YoY)
Revenue up 40% at Rs 4,239 crore.
Ebitda up 84% at Rs 920 crore.
Ebitda margin 22% versus 17%
Net profit up 2.8x at Rs 628 crore versus Rs 221 crore
Supreme Petrochem Q2 FY23 (Standalone, YoY)
Revenue up 4% at Rs 1,235 crore.
Ebitda fell 55% to Rs 78.68 crore.
Ebitda margin 6% versus 15%
Net profit fell 53% at Rs 59.64 crore.
Declared interim dividend of Rs 4 per share of face value of Rs 4 each
U.S. Dollar Index at 110.57
U.S. 10-year bond yield at 3.93% on Thursday
Brent crude down 0.41% to $96.56 per barrel
Nymex crude at $88.59 per barrel
SGX Nifty up 0.02% to 17,805.5 as of 6:23 a.m.
Bitcoin down 0.49% to $20,299.44
Asian stocks declined following sharp swings on Wall Street as mixed US economic data along with disappointing results from technology companies dampened investor sentiments.
Equities slid in Japan, South Korea and Australia. Futures for Hong Kong pointed lower and a gauge of US-listed Chinese stocks resumed losses.
U.S. stocks seesawed in a volatile session as traders tried to balance conflicting earnings message with mixed economic data. Bond yields saw a downtrend as returns on 10-year Treasuries declined 6 basis points to 3.95%.
The S&P 500 changed little till mid of the day, while the tech-heavy Nasdaq 100 fell 1.3%. Oil jumped 1.4% as economic data showed a rebound in the U.S., easing recession fears and bolstering demand outlook. Gold fell 0.5%, while Bitcoin dipped 0.8% to trade around $20,500-level.
India benchmarks Sensex and Nifty ended in green after a volatile day on Thursday, aided by broad-based gains led by metal, realty, energy, and power stocks.
Rupee appreciated 61 paise against the U.S. dollar to hit 82.12, before trimming gains from the intraday trade.
At 6:37 a.m., the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- traded 0.02% higher at 17,805.5.
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