Stock Market Highlights: Sensex Ends 1,534 Points Higher, Nifty 50 At 22,997 Amid Weekly Expiry; Tech Mahindra, Wipro Gain Ahead Of Q2
Broader markets, bucking the trend, ended lower. The Nifty Smallcap 100 index declined 1.31%, while the Nifty Midcap 100 index closed 0.36% lower.
Stock Market Highlights, October 15: Indian equity benchmark indices, the Nifty 50 and Sensex, ended higher on Thursday, led by gains in Private Bank, IT and Auto stocks, amid the weekly expiry of Sensex contracts.
That said, the BSE Sensex ended at 74,315.61, up 1,533.72 points or 2.11%, while the Nifty 50 settled at 22,997.35, up 374.65 points or 1.66%.
Among individual stocks, Tech Mahindra was the top gainer on both BSE and NSE ahead of its Q2 results. ICICI Bank and RIL were also among the top gainers. On the flipside, Trent, BEL were top drags.
Broader markets, bucking the trend, ended lower. The Nifty Smallcap 100 index declined 1.31%, while the Nifty Midcap 100 index closed 0.36% lower.
Sectorally, the Nifty Private Bank ended as top sectoral gainer, closely followed by Nifty IT and Auto indices.
Stock Market Live: Government To Exit IDBI Bank Board Following Stake Sale
- Arunish Chawla said the government will not have a representative on IDBI Bank's board following the transaction.
- He added that the government will not hold more than 15% equity in the bank after the stake sale process.
- Chawla said the transaction underscores the government's commitment to completing the strategic sale process.
Stock Market Live: Open Offer To Be Made For IDBI Bank Minority Shareholders
- Arunish Chawla said the successful acquirer will be required to make an open offer to 5.3% minority shareholders.
- He said the stake sale will create opportunities for small shareholders participating in the offer process.
- Chawla added that sufficient public float will be maintained in the bank.
Stock Market Live: LIC To Sell Additional 4% Stake In IDBI Bank Over Four Years
- Arunish Chawla said LIC plans to divest an additional 4% stake in IDBI Bank through the market over the next four years.
- He added that minimum public shareholding requirements cannot be achieved immediately and will be addressed in a phased manner.
- Chawla said authorities will keep a watch on future IDBI Bank offer-for-sale transactions.
Stock Market Live: IDBI Bank To Decide On CSB Bank Exit Or Merger Option
- Arunish Chawla said all IDBI Group entities will need to be brought under a single umbrella.
- He said an option will be available to either exit or merge CSB Bank.
- According to Chawla, CSB Bank remains one of the strategic options available following the transaction.
Stock Market Live: Successful IDBI Bank Bidder To Present Banking Credentials
- Arunish Chawla said the successful bidder will present its credentials to IDBI Bank.
- He noted that the successful bidder already owns a bank and therefore will not require any exemption related to minimum public shareholding norms.
- Chawla said the transaction will be a clean operation.
Stock Market Live: DIPAM Secretary Says IDBI Bank Stake Sale Valuation Is Fair
- DIPAM Secretary Arunish Chawla said the government has arrived at a fair market value for the IDBI Bank transaction.
- Chawla said the decision on the stake sale was difficult and followed scrutiny at multiple stages, with every decision taken collectively after consulting experts.
- He added that the entire team worked on the transaction for over a year.
Stock Market Live: HDFC AMC Q2 Profit Declines 11% Sequentially
- HDFC Asset Management Company (HDFC AMC) reported Q2 consolidated net profit of Rs 749 crore, down 10.5% QoQ from Rs 837 crore.
- Total income declined 9% sequentially to Rs 1,241 crore from Rs 1,363 crore in the previous quarter.
- The asset manager reported a sequential decline in both profitability and income during the quarter.
Stock Market Live: H1FY27 Exports Hit Record Levels; US Remains Top Market
- India's merchandise exports in H1FY27 rose to $259.9 billion from $219.3 billion a year ago.
- Services exports increased to $216.3 billion from $199 billion in the corresponding period.
- The US, UAE and China were India's top export destinations, while China, Russia and the US were the largest import sources.
- Goods exports to the US grew 11% to $50.8 billion, while exports to China increased to $11.41 billion from $8.39 billion.
- India's exports to West Asia rebounded, though September exports to the region stood at $5.56 billion compared with $5.94 billion a year earlier.
Stock Market Live: Merchandise Exports Jump 23%; Gold Imports Fall Sharply
- Merchandise exports increased to $44.4 billion in September 2026 from $36.08 billion a year ago.
- Merchandise imports rose to $74.6 billion from $69.08 billion.
- Gold imports fell sharply to $1.8 billion in September 2026 from $9.6 billion in September 2025.
- Silver imports also declined during the month.
Stock Market Live: Vikram Solar Bags Order For 187 MW N-Type G12R Modules
-
Vikram Solar has secured an order for the supply of 187 MW N-Type G12R solar modules, according to an exchange filing.
-
The order further strengthens the company's solar module order book and presence in the domestic renewable energy sector.
Stock Market Live: Bharat Dynamics Bags Rs 1,307 Crore Indian Navy Order
-
Bharat Dynamics Ltd. (BDL) has secured an order worth Rs 1,307 crore from the Indian Navy, according to an exchange filing.
-
The order is for the supply of heavyweight torpedoes for the Indian Navy.
-
The company said the order is scheduled to be executed within 42 months.
Stock Market Live: India's September Exports Rise To $80.75 Billion; Trade Deficit Narrows
- India's overall exports rose to $80.75 billion in September 2026 from $72.7 billion a year earlier.
- Overall imports stood at $94.05 billion compared with $86.9 billion in September 2025.
- India's trade deficit narrowed to $13.3 billion from $14.17 billion in the year-ago period.
Stock Market Live: SEBI's SMAC Panel Favors Retaining 30-Minute VWAP For Derivatives Expiry Settlement
-
SEBI's Secondary Market Advisory Committee (SMAC) has backed the 30-minute VWAP-based settlement mechanism for derivatives expiry, sources told NDTV Profit.
-
The committee discussed SEBI's CAS consultation paper at a meeting held on Thursday.
-
The proposal to retain the 30-minute Volume Weighted Average Price (VWAP) methodology for derivatives expiry settlement was the preferred option before the committee.
-
Sources said the VWAP-based settlement mechanism is likely to continue for at least one year.
-
The discussion forms part of SEBI's broader review of the derivatives market framework and CAS-related proposals.
Stock Market Live: Karur Vysya Bank Q2 Profit Jumps 37%; Asset Quality Improves Further
-
Karur Vysya Bank reported Q2 net profit of Rs 788 crore, up 37.3% YoY from Rs 574 crore.
-
Net Interest Income (NII) rose 19% YoY to Rs 1,497 crore from Rs 1,261 crore.
-
Gross NPA improved to 0.69% from 0.74% in the previous quarter.
-
Net NPA eased to 0.18% from 0.19% QoQ.
-
Provisions stood at Rs 118 crore, compared with Rs 90 crore in the previous quarter and Rs 274 crore in the year-ago period.
-
The lender reported strong profit growth alongside continued improvement in asset quality metrics.
Stock Market Live: Orient Electric Q2 Profit More Than Doubles; Revenue Rises 25%
- Orient Electric reported Q2 net profit of Rs 27.06 crore, compared with Rs 12.06 crore in the year-ago quarter.
- Revenue grew 25.2% YoY to Rs 879 crore from Rs 703 crore.
- EBITDA increased 24.3% YoY to Rs 90.4 crore from Rs 72.7 crore.
- EBITDA margin stood at 10.28%, compared with 10.34% in the corresponding quarter last year.
Stock Market Live: YES Bank Hits Lower Circuit After Supreme Court Strikes Down AT-1 Bond Write-Off
-
YES Bank shares fell 10% to hit the lower circuit at Rs 19.09 apiece after the Supreme Court struck down the lender's Rs 8,415 crore AT-1 bond write-off.
-
The stock was trading 9.24% lower at Rs 19.25 as of 2:26 p.m., even as the BSE Sensex gained 1.9%.
-
The Supreme Court upheld the Bombay High Court's 2023 judgment, dismissing appeals filed by YES Bank and others against the ruling.
-
The verdict could expose the private lender to fresh liabilities linked to the AT-1 bonds written off during YES Bank's 2020 rescue and reconstruction.
-
The potential liability is estimated at around Rs 8,415 crore, making it one of the most significant overhangs for the bank since its restructuring.
-
The sharp decline in the stock followed investor concerns over the financial impact of the court's decision.
Stock Market Live: Nuclear Power Could Be 'Like-For-Like' Replacement For Coal, Says Sumant Sinha
- Sumant Sinha said nuclear power represents a potential "like-for-like" replacement for coal in the long term.
- However, he added that the eventual cost of nuclear energy will determine the pace of adoption across the country.
- Sinha was speaking during a session at the Bloomberg New Economy Forum 2026 in New Delhi.
Stock Market Live: Yes Bank Faces Rs 8,500 Crore AT-1 Bond Liability After Court Ruling
- Yes Bank may have to pay around Rs 8,500 crore to Additional Tier-1 (AT-1) bondholders, more than six years after the bonds were written down as part of the lender's 2020 rescue package.
- The development relates to AT-1 bonds that were fully written off during the reconstruction of Yes Bank in March 2020.
- The potential payout follows legal proceedings concerning the validity of the AT-1 bond write-down undertaken during the bank's rescue.
- The issue remains one of the most closely watched legacy matters arising from the Yes Bank restructuring, with implications for investors in AT-1 instruments and the broader banking sector.
Stock Market Live: ReNew's Sumant Sinha Says Lower Nuclear Costs Key For Wider Adoption In India
- ReNew Chairman and CEO Sumant Sinha said nuclear power could become a viable long-term replacement for coal in India if the cost of setting up projects declines.
- Sinha noted that India currently has less than 10 GW of nuclear power capacity, with project costs often exceeding initial expectations.
- He said India remains a cost-sensitive market, making affordability a key factor in the wider adoption of nuclear energy.
Stock Market Live: Tata Communications Q2 Profit Surges 86%; Margins Expand
-
Tata Communications reported Q2 consolidated net profit of Rs 341 crore, up 86.3% YoY from Rs 183 crore.
-
Revenue rose 9.6% YoY to Rs 6,688 crore from Rs 6,099.8 crore.
-
EBITDA increased 21.2% YoY to Rs 1,422 crore from Rs 1,174 crore.
-
EBITDA margin expanded to 21.3% from 19.2% in the year-ago quarter.
-
The company reported strong growth in profitability, with operating margins improving by over 200 basis points year-on-year.
Stock Market Live: Air India CEO Calls For Unity Amid Challenging Operating Environment
- Air India CEO Tewolde Gebremariam, in a message to employees, said the airline must move forward collectively as "One Air India".
- He said unity and collaboration will be critical as the airline navigates an exceptionally challenging operating environment.
- Gebremariam noted that the aviation industry is facing operational disruptions due to airspace closures.
- He also highlighted that persistently high jet fuel costs are placing significant pressure on airlines across the industry.
- The CEO urged employees to work together to address the challenges facing the sector and the airline.
Stock Market Live: Piyush Goyal Says India's Apr-Sept Exports Hit Record High
- Commerce and Industry Minister Piyush Goyal said India's exports during April-September rose 15% and touched an all-time high.
- Goyal expressed confidence that India will achieve its $1 trillion export target for FY27, despite ongoing global economic and geopolitical challenges.
- The minister said export momentum remains strong even amid uncertainties in the global trade environment.
Stock Market Live: DB Corp Q2 Profit Falls 27%; Margins Contract
-
DB Corp reported Q2 consolidated net profit of Rs 68 crore, down 26.9% YoY from Rs 93 crore.
-
Revenue declined 5.4% YoY to Rs 581 crore from Rs 614 crore.
-
EBITDA fell 33.9% YoY to Rs 91.2 crore from Rs 138 crore.
-
EBITDA margin contracted to 15.7% from 22.5% in the year-ago quarter.
-
Other income rose to Rs 33.5 crore from Rs 20.3 crore a year earlier.
Stock Market Live: Tips Music Q2 Profit Rises 25%; Declares Interim Dividend
- Tips Music reported Q2 net profit of Rs 66 crore, up 24.5% YoY from Rs 53 crore.
- The company approved an interim dividend of Rs 6.5 per share.
- Revenue grew 34.8% YoY to Rs 120 crore from Rs 89 crore.
- EBITDA increased 25.7% YoY to Rs 85 crore from Rs 67.6 crore.
- EBITDA margin stood at 70.8%, compared with 76% in the corresponding quarter last year.
Stock Market Live: Polycab India Q2 Profit Rises 43% To Rs 977 Crore, Revenue Jumps 53%
Stock Market Live: TCS Completes Acquisition Of BBY Services India LLP
-
Tata Consultancy Services (TCS) has completed the acquisition of BBY Services India LLP, according to an exchange filing.
- Following the completion of the transaction, BBY Services India LLP has become a subsidiary of TCS.
- The development was disclosed by the company through an exchange filing.
Stock Market Live: South Indian Bank Q2 Profit Rises 21%; Asset Quality Improves
- South Indian Bank reported Q2 net profit of Rs 426 crore, up 21.4% YoY from Rs 351 crore.
- Net Interest Income (NII) rose 38% YoY to Rs 1,116 crore from Rs 809 crore.
- Operating profit increased 36.6% YoY to Rs 732 crore from Rs 536 crore.
- Gross NPA improved to 1.24% from 1.38% in the previous quarter, while Net NPA declined sharply to 0.09% from 0.26%.
- Provisions stood at Rs 159 crore, compared with Rs 63 crore a year ago and Rs 84 crore in the previous quarter.
- The lender reported strong growth in profitability alongside continued improvement in asset quality metrics.
Stock Market Live: Brent Crude Falls Nearly 2%; Trades Near $104 Per Barrel
- Brent crude declined 1.9% to $104.10 per barrel.
- The benchmark oil contract extended losses amid ongoing volatility in global energy markets.
- Crude prices remain in focus for their impact on inflation, fuel costs and import-sensitive sectors.
Stock Market Live: MCX Gold Futures Rise 1%; Trade At Rs 1.47 Lakh Per 10 Grams
- MCX Gold December futures advanced 1% to Rs 1.47 lakh per 10 grams.
- Gold prices traded higher as investors tracked global market developments and precious metal demand.
Stock Market Live: Rupee Strengthens 0.2% Against US Dollar
- The Indian rupee strengthened 0.2% to 94.96 per US dollar.
- The currency was trading stronger compared with 95.15 per US dollar on Wednesday.
- The move comes amid continued recovery in the domestic currency and improving sentiment in the forex market.
Stock Market Live: MCX Silver Futures Cross Rs 2.10 Lakh Per Kg
- MCX Silver December futures gained 0.9% to trade at Rs 2.10 lakh per kg.
- Silver futures extended gains amid continued strength in precious metals.
Stock Market Live: UCO Bank Q2 Profit Rises 27%; Asset Quality Improves
- UCO Bank reported Q2 net profit of Rs 786 crore, up 26.8% YoY from Rs 620 crore.
- Net Interest Income (NII) rose 14% YoY to Rs 2,886 crore from Rs 2,533 crore.
- Operating profit increased 16.1% YoY to Rs 1,872 crore from Rs 1,613 crore.
- Gross NPA improved to 1.96% from 2.08% in the previous quarter, while Net NPA declined to 0.18% from 0.25%.
- Provisions stood at Rs 808 crore, compared with Rs 588 crore a year ago and Rs 235 crore in the previous quarter.
Stock Market LIVE: Safest FMCG Bets Before Q2 Results: Goldman Sachs Picks Marico, Tata Consumer
Goldman Sachs has identified Marico and Tata Consumer Products as the safest bets in India's fast-moving consumer goods sector ahead of September quarter results, citing their relatively lower risk of an earnings growth slowdown in the second half of the fiscal year.
The brokerage flagged three key concerns weighing on investor sentiment: rural demand following a weak monsoon, rising input costs, and a high base from last year's goods and services tax rate cuts. Although volume, revenue, and profit before tax growth across its FMCG coverage has accelerated over the past three quarters, investors remain uncertain about the sustainability of this momentum.
Stock Market LIVE: SEBI Looking At Proposals For CAS: Chair Tuhin Kanta Pandey
Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey said that the regulatory was looking at proposals on the Closing Auction Session (CAS) mechanism and making it easy for FPIs to invest.
“We are having meeting and looking at proposal. We are making it easy for FPI to invest,” Pandey said.
Stock Market LIVE: Sensex Jumps 1,300 Points, Nifty 50 Reclaims 23,000
The Indian stock market extended rally. The Sensex jumps over 1,300 points and the Nifty 50 reclaimed 23,000 level.
Stock Market LIVE: Nifty 50 May Face Resistance At 23,110–23130: Sudeep Shah
The zone of 22800 – 22820 will act as a crucial support for the Nifty 50 index while the resistance lies in the zone of 23110 – 23130. On the downside, if the index slips below the level of 22800 then the next support is placed in the zone of 22630 – 22650. In an event of a surge above 23130, the index can experience an extension of the rally towards 23280, said Sudeep Shah, Vice President - Technical and Derivatives Research at SBI Securities.
On the options front, meaningful call writing witnessed across 23000 and 23100 strikes. On the put side, 22900 has a substantial open interest, followed by 22800 strike.
For Sensex, support is at 73500 while resistance is at 74400, he added.
Stock Market LIVE: Why Canara Bank Shares Are Down Despite Strong Q2 Results?
Canara Bank share price declined over 6% even after the lender reported strong Q2 results. Here’s why
ECL Provisioning Overhang
- Estimated Expected Credit Loss (ECL) provisioning requirement of Rs 12,000-15,000 crore
- Bank still developing models and tech infra for ECL implementation
CASA Below Guidance
- CASA ratio remained at 29%, below the guided 30-32% range
- Due to higher FCNR(B) deposit mobilisation which largely came as term deposits
Treasury Income Pressure
- Hardening bond yields impacted treasury operations
- Treasury segment reported losses this year versus healthy income in the base period
FCNR(B) Deposits Drag On Margins
- FCNR(B) deposits carry only 40-50 bps spread
- Management indicated this leverage will impact NIM during the quarter
UPI MDR Benefit Limited
- Management does not expect meaningful earnings from the latest UPI MDR changes
- Low transaction penetration and dependence on other platforms limit the opportunit
Stock Market LIVE: Auto Sale Sales Rise 14.7% In September; Passenger Vehicles, Two-Wheelers Drive Growth: SIAM
India’s automobile industry reported strong wholesale sales growth in September, with total dispatches across vehicle categories rising 14.7% year-on-year (YoY) to 29,47,029 units, compared with 25,68,415 units in the corresponding month last year, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
Passenger vehicle sales recorded the strongest growth among the major segments, increasing 23% YoY to 3,85,764 units from 3,13,680 units. Two-wheeler sales rose 13.5% to 24,63,103 units, compared with 21,70,100 units a year earlier. Three-wheeler wholesale volumes increased 16% YoY to 98,162 units from 84,635 units, SIAM data showed.
Stock Market LIVE: TCS Launches Industrial Intelligence Foundry To Accelerate AI-Led Autonomy And Engineering
Tata Consultancy Services (TCS) has launched the TCS Industrial Intelligence Foundry, an AI offering that enables industrial enterprises to move from AI experimentation to scaled deployment across engineering and manufacturing. It offers a repository of configurable AI agents, workflows, and governance capabilities designed to accelerate enterprise AI adoption.
Stock Market LIVE: Sensex Jumps 1,100 Points, Nifty 50 Above 22,950
The Indian stock market was trading over 1% higher on Thursday, supported by gains in IT and private bank stocks. The BSE Sensex jumped over 1,100 points, and the Nifty 50 was trading around 22,950 level. The Bank Nifty index gained nearly 1%.
Stock Market LIVE: Gold Price Jumps Above Rs 1.47 Lakh, Silver Gains
Gold and silver prices in India traded higher. MCX gold rate was up by Rs 1,463, or 1.00%, at Rs 1,47,311 per 10 grams, while MCX silver prices gained Rs 762, or 0.37%, to Rs 2,09,100 per kg.
Stock Market LIVE: LTM Bags Multi-Million Dollar Deal To Build AI-led Managed Services Operating Model
LTM announced a multi-million-dollar agreement with a leading North American specialty engineering and construction company. As part of the agreement, LTM will build an AI-led managed services operating model designed to deliver outcome-driven services, incorporating observability and automation to ensure resilient technology services.
Stock Market LIVE: Nifty IT Jumps Over 2%; HCL Tech, TechM, TCS Top Gainers
The Nifty IT index rallied over 2%, with seven of its nine constituents trading in the green. HCL Technologies, Tech Mahindra, TCS, Infosys and Wipro were the top index gainers.
Stock Market LIVE: Auto Sales Up 14.7% YoY At 29,47,029 Units In September: SIAM
SIAM September Wholesale Data (YoY):
- Overall sales up 14.7% at 29,47,029 units vs 25,68,415 units
- PV sales up 23% at 3,85,764 units vs 3,13,680 units
- Three-wheeler sales up 16% at 98,162 units vs 84,635 units
- Two-wheeler sales up 13.5% YoY at 24,63,103 units vs 21,70,100 units
Stock Market LIVE: 5 Key Reasons Why Sensex, Nifty 50 Jumped Over 1%
The benchmarks Sensex and Nifty 50 jumped over 1%. Here are five key reasons behind the rally on Dalal Street:
- Nifty IT extends rally on reverse AI trade
- Easing crude oil prices support sentiments
- Value buying emerges after recent market weakness and lower valuations
- Auto, Banking, Realty stocks gain, lending support to the benchmark indices
- Rupee adds to strength, as traders say RBI sold dollars in FX market
Stock Market LIVE: Chennai Petro's Stock Plunges Nearly 6% As Crude Oil Retreats Below $104/Barrel
Chennai Petroleum Corporation Ltd.'s share price fell sharply by 5.9% in trade on Thursday as crude oil prices cooled off to trade below $104/barrel even as energy supply constraints piled up.
The stock fell to a low of Rs 1,455.30 apiece on the NSE, as against a 1.28% advance in the benchmark Nifty index. The shares pared some losses to trade 5.5% lower at Rs 1,460 apiece.
Stock Market LIVE: CLSA Sees Nifty 50 Rebound From 22,000 Support, Says India Showing Signs Of Cyclical Bottom
The Nifty 50 is attempting to establish a base around 21,700-22,182, which marks the lower boundary of its trading range since 2024. September-October price and momentum divergence suggests that the decline from the August highs is becoming mature and increasingly vulnerable to a reversal.
Stock Market LIVE: Nifty 50 Above 22,900; HCL Tech, Bharti Airtel, TCS, Infosys Lead
The Indian stock market extended gains, with the Nifty 50 surging above 22,900, led by HCL Technologies, Bharti Airtel, TCS, Infosys and others.
Stock Market LIVE: BHEL Share Price Falls Over 5% After Order Inflow Disappoints
Bharat Heavy Electricals Ltd (BHEL) share price declined nearly 5% in early trade on Thursday after the company's weak order inflows disappointed brokerages. The PSU stock dropped as much as 4.81% to Rs 441.20 apiece on the BSE.
The company’s quarterly order inflow plunged significantly. During the September quarter, BHEL's order inflow dropped to Rs 4,000 crore from Rs 21,900 crore, amid absent thermal orders.
Brokerage firm CLSA maintained ‘Underperform' rating on BHEL shares with a target price of Rs 351 apiece, implying a downside of more than 24% from Wednesday's closing price. It believes the entry of Chinese suppliers, JSW Toshiba, L&T and Thermax into its core thermal equipment segment question its market dominance and its backlog looks to have peaked, while the stock is pricing in a lot more.
Stock Market LIVE: Reliance Jio May Raise Tariffs By 12% — Here's Why
Reliance Jio could be heading for another round of tariff increases, with Centrum Broking expecting a hike of around 12% over the next three to four months. The brokerage sees higher average revenue per user (ARPU) as a key driver of earnings growth for the telecom operator, which is preparing to tap the public markets through the initial public offering (IPO) of Jio Platforms.
Jio Platforms filed its red herring prospectus (RHP), the near-final offer document, on October 14. The IPO opens on October 21 and closes on October 23, and the offer is a fresh issue of up to 27 crore shares.
Stock Market Live: Japan's Industrial Output Falls 2.4% In August; Capacity Utilisation Declines
-
Japan's industrial output fell 2.4% month-on-month in August.
-
On a year-on-year basis, industrial output increased 2.7% in August.
-
Capacity utilisation in Japan declined 4.2% month-on-month during the period.
-
The data points to a sequential slowdown in manufacturing activity and factory utilisation levels during August.
Stock Market Live: Canara Bank Shares Fall 6% After Call Flags Up To Rs 15,000 Crore ECL Provision
Stock Market Live: Raymond CFO Says Andhra Facilities To Support Expansion, Value Creation
-
Raymond Group CFO Rakesh Tiwary said the company currently operates several scattered units across Karnataka and Maharashtra, and the new facility in Andhra Pradesh will help unlock value.
-
Tiwary said the company is pursuing both greenfield and brownfield expansion opportunities, with capacity additions being undertaken in line with customer requirements.
-
He said the brownfield facility will aid in process verification and production planning, while supporting the company's broader expansion strategy.
-
The CFO added that timelines and additional details regarding the new facility will be disclosed at a later stage.
-
Tiwary said the company does not expect any disruption to business continuity from shifting operations from Bengaluru to Andhra Pradesh.
-
He added that there will be no loss of business continuity from the transition and that both Andhra Pradesh facilities will operate simultaneously.
Stock Market Live: IDBI Bank Shares Fall Nearly 5%, CSB Bank Rises After Cabinet Clears Fairfax Deal
Stock Market Live: BLS International Rallies Over 7%
BLS International shares were in demand on Thursday, with the scrip rallying over 7%.
Stock Market Live: Canara Bank Down Over 6% Despite Healthy Q2 Show
Canara Bank shares were under pressure on Thursday, despite healthy Q2 numbers.
Stock Market Live: AXISCADES Technologies' Arm To Acquire Silicon Valley-Based ITSJ Group For Rs 67 Crore
-
AXISCADES Technologies said its subsidiary will acquire Silicon Valley-based ITSJ Group for Rs 67 crore, according to an exchange filing.
-
The acquisition will be carried out through XIDA, the company's US step-down subsidiary.
-
AXISCADES said the transaction will strengthen its AI hardware value chain and enhance its capabilities in technology-led engineering solutions.
-
The company had earlier disclosed that XIDA would acquire substantially all the business assets of ITSJ Group, Inc. through the transaction.
Stock Market Live: Rupee Extends Gains, Strengthens Towards 94.85 Against US Dollar
-
The Indian rupee continued to strengthen and was trading near 94.85 per US dollar.
-
The currency remained at its strongest level since Sept. 9, extending recent gains.
-
The move comes amid improved sentiment in the currency market and follows recent appreciation in the domestic unit against the US dollar.
Stock Market Live: Sahajanand Medical, Bonfiglioli Transmissions, Zetwerk Manufacturing & Tonbo Imaging IPOs In Focus
- Sahajanand Medical Technologies develops and manufactures medical devices focused on vascular intervention and structural heart intervention.
- Bonfiglioli Transmissions provides mechanical and electro-mechanical power transmission solutions and industrial drive systems.
- Zetwerk Manufacturing operates a technology-led manufacturing platform connecting enterprises with manufacturing partners globally.
- Tonbo Imaging India develops electro-optic, infrared, surveillance, communication and defence electronics systems for security and defence applications.
Stock Market Live: Tech Mahindra Board To Consider Bonus Issue
- Tech Mahindra's board will consider a bonus issue.
Stock Market Live: Indian Bank Board To Consider Fund Raising
- Indian Bank will consider a fund-raising proposal at an upcoming board meeting.
Stock Market Live: HDFC Life Board To Consider Fund Raise
- HDFC Life Insurance Company will hold a board meeting to consider a fund-raising proposal.
Stock Market Live: Manipal Payment & Identity Solutions Anchor Lock-In Ends
- 5 million shares representing 2% of total outstanding shares will become eligible for trading following the expiry of the one-month lock-in.
Stock Market Live: Rentomojo Shares Worth 5 Million To Exit One-Month Anchor Lock-In
- 5 million shares of Rentomojo representing 4% of total outstanding shares will become eligible for trading after the expiry of the one-month anchor lock-in.
Stock Market Live: Nippon India Mutual Fund Buys Natco Pharma Shares
- Nippon India Mutual Fund bought 2.32 lakh shares of Natco Pharma at Rs 27 per share.
- ASK Investment Managers sold 1.03 lakh shares at Rs 27 per share.
Stock Market Live: Rajesh Baheti Sees Gradual Winding Down In F&O Activity
-
Rajesh Baheti of Crosseas Capital said the market could witness a gradual winding down in F&O activity.
-
He said feedback from market participants underscores how crucial the proposed CAS framework is for the derivatives market.
-
Baheti added that SEBI's proposal on CAS was highly specific and has generated strong reactions from stakeholders.
Stock Market Live: Dinesh Khara Says IDBI Deal Removes Key Overhang
-
Dinesh Khara said IDBI Bank needs to improve its RoA and RoE metrics, but the proposed transaction can help the bank scale up growth and capabilities.
-
He noted that the bank already possesses key management skills and that leading institutions are expected to continue on the bank's board.
-
Khara said the balance sheet of IDBI Bank has been cleaned up over the years and described the deal as a potential game-changer for the financial sector.
-
According to him, the transaction highlights the strength of India's financial system and ranks among the most significant deals in the sector.
Stock Market Live: Government Approves Strategic Restructuring Of IDBI Bank
- The government has approved the strategic restructuring of IDBI Bank.
- Fairfax's winning bid for the bank was Rs 81 per share.
- The benchmark valuation was fixed at Rs 75.99 per share.
- The government's residual 15% stake will be sold through the open market.
- LIC will independently manage its 19% holding in the bank.
Stock Market Live: Abizer Diwanji Says Leadership Will Be Key In Any IDBI-CSB Combination
-
Abizer Diwanji said leadership will play a critical role and could "make or break" the future of any potential IDBI Bank-CSB Bank combination.
-
He said integrating the cultures of IDBI Bank and CSB Bank would be a significant challenge if a merger materialises.
-
According to Diwanji, a merger between the two entities would likely be dilutive initially and come with its own set of execution issues.
-
He added that CSB Bank remains an optionality for IDBI Bank, which could either merge the entity or pursue an eventual stake sale.
Stock Market Live: GNG Electronics Signs UAE Land Lease Pact
- GNG Electronics has entered into an agreement with the Government of Sharjah to lease land in the Sharjah Airport International Free Zone (SAIF Zone).
Stock Market Live: Dr Reddy's Receives Three USFDA Observations For Vizag Facility
- Dr Reddy's Laboratories said the US FDA issued three observations following an inspection of its Visakhapatnam manufacturing unit.
- The inspection was conducted on Oct. 8-9.
Stock Market Live: Hari Om Pipe Commissions Two Solar Plants In Maharashtra
- Hari Om Pipe Industries has commissioned two solar power plants with a combined capacity of 10 MW AC in Maharashtra.
Stock Market Live: Laurus Labs Invests Rs 108 Crore In KRKA Pharma
- Laurus Labs will invest Rs 108 crore in KRKA Pharma through a rights issue.
Stock Market Live: Blue Star To Strike Off Step-Down Subsidiary
- Blue Star approved the voluntary strike-off of step-down subsidiary Blue Star Air Conditioning.
Stock Market Live: City Union Bank Gets Tax Demand Reduced To Rs 209 Crore
- City Union Bank said the tax demand against it has been reduced to Rs 209 crore.
Stock Market Live: Emmvee Photovoltaic Targets Launch Of 6 GW Solar Cell Plant By March
- Emmvee Photovoltaic said it plans to commission its 6 GW solar cell manufacturing facility by March.
Stock Market Live: Capri Global Plans To Raise Up To Rs 4,000 Crore
- Capri Global Capital plans to raise up to Rs 4,000 crore through a mix of equity and debt.
Stock Market Live: Cemindia Projects Opens QIP; Sets Floor Price At Rs 1,158.58
- Cemindia Projects has opened its Qualified Institutional Placement (QIP).
- The floor price has been fixed at Rs 1,158.58 per share.
Stock Market Live: SMC Global Securities Allots 1 Crore Warrants
- SMC Global Securities has allotted 1 crore warrants to non-promoter investors on a preferential basis.
Stock Market Live: Bluestone Jewellery Board To Consider Rs 300 Crore NCD Raise
- Bluestone Jewellery & Lifestyle will consider raising Rs 300 crore through NCDs at its board meeting on Oct. 22.
Stock Market Live: Gujarat Energy Pays Record Rs 324 Crore Dividend To State Government
- Gujarat Energy has paid a Rs 324 crore dividend to the Gujarat government for FY26.
- The company said it is the highest-ever dividend paid by a state PSU to the state government.
Stock Market Live: Morepen Labs Gets Rs 118 Crore Tax Relief
- Morepen Laboratories received Rs 118 crore tax relief from the Himachal Pradesh High Court in a case involving GST authorities.
Stock Market Live: Geoffrey Dennis Says Rupee Stability Key For Return Of Foreign Flows
-
Geoffrey Dennis said rupee stabilisation is crucial for attracting investors back into Indian markets.
-
He said it may still take some time before foreign institutional investor (FII) flows return meaningfully to India.
-
Dennis added that India could remain a relatively safer market for investors within the emerging-market universe.
-
He expects some of the losses witnessed in emerging markets to unwind over time.
-
Dennis noted that US 10-year bond yields have been declining over the past few days.
-
According to him, a significant correction in US corporate bond markets may be required before broader market conditions normalise.
-
He said higher US inflation is emerging as a bigger concern for financial markets and believes US CPI remains too high for the Federal Reserve to comfortably maintain its rate target trajectory.
-
Dennis suggested that developments in US inflation, bond yields and currency markets will continue to influence capital flows into emerging markets, including India.
Stock Market Live: Mphasis Receives Revised Tax Demand Of Rs 2,418 Crore
- Mphasis said the Income Tax Department has revised its tax demand to Rs 2,418 crore from Rs 2,287 crore.
- The company received a rectification order from the Bengaluru tax authority.
Stock Market Live: NLC India's Arm Wins Hooghly BESS Project
- A subsidiary of NLC India has won a bid for the Hooghly 50 MW/200 MWh Battery Energy Storage System project.
Stock Market Live: Godavari Biorefineries Receives Patent For Cancer Treatment Application
- Godavari Biorefineries said its patent application titled "5-Hydroxy-1,4-Naphthalenedione" has been granted.
- The patent relates to cancer treatment.
Stock Market Live: Netflix To Lay Off About 6% Of Workforce In Biggest Job Cuts In Years
- Netflix plans to lay off about 6% of its workforce, or nearly 1,000 employees, as part of broader organisational changes, PTI reported.
- Co-CEOs Greg Peters and Ted Sarandos said the job cuts will primarily impact the company's product, technology, legal and human resources teams.
- The company said it remains financially strong but needs to be disciplined in allocating people and resources as it invests in future growth areas.
- According to regulatory filings, Netflix had around 16,000 full-time employees globally at the end of 2025.
- The layoffs mark the streaming giant's largest round of job cuts in several years.
- Netflix reported second-quarter profit of $3.4 billion on revenue of $12.56 billion, up 9% and 13%, respectively, from a year earlier, according to PTI.
Stock Market Live: GSPL Transmission Price Band Raised To 20%
- The price band for GSPL Transmission has been increased from 5% to 20%.
Stock Market Live: Shringar House Of Mangalsutra Price Band Cut To 10%
- The price band for Shringar House Of Mangalsutra has been revised from 20% to 10%.
Stock Market Live: GMM Pfaudler, HLE Glascoat, Shukra Pharmaceuticals Exit ASM List
- GMM Pfaudler, HLE Glascoat and Shukra Pharmaceuticals will be excluded from the ASM Framework.
Stock Market Live: Servotech Renewable Says Two Employees Arrested In Fraud Probe
- Servotech Renewable Power System said two employees have been arrested in connection with a fraud investigation.
- The probe relates to an alleged fraud of around Rs 2-2.5 crore.
Stock Market Live: Enviro Infra Bags Rs 228 Crore Wind Power Project Order
- Enviro Infra Engineers received an EPC order worth Rs 228 crore from Arie Energy.
- The order is for development of a 100 MW Ajani Wind Power Project.
- Execution is scheduled by July 2027.
Stock Market Live: Hyundai Motor Inaugurates Talegaon Plant; Plans Rs 11,000 Crore Investment
- Hyundai Motor India inaugurated its manufacturing facility at Talegaon, Pune.
- The company plans to invest up to Rs 11,000 crore in phases.
- Capacity is expected to expand from 1.7 lakh units annually to 3.2 lakh units by 2030.
Stock Market Live: IFGL Refractories Terminates Marvel JV Agreement
- IFGL Refractories has terminated its Marvel JV agreement.
- The company said Marvel did not infuse capital and IFGL continues to hold 100% stake in the JV.
Stock Market Live: Lloyds Metals To Raise Rs 3,000 Crore Through NCDs
- Lloyds Metals & Energy will raise Rs 3,000 crore via non-convertible debentures.
- The company will also raise $130 million through dollar-denominated notes.
Stock Market Live: NIIT Appoints Anish Kumar Sarkar As CEO
- NIIT has appointed Anish Kumar Sarkar as Chief Executive Officer.
- Pankaj Prabhakar Jathar has resigned as CEO.
Stock Market Live: Shriram Finance Denies Reports Of MUFG Taking Majority Control
- Shriram Finance denied media reports regarding MUFG acquiring a majority control stake.
- The company said the reports are based on speculation.
Stock Market Live: Trident Re-Appoints Rahul Roongta As Group CFO
- Trident said Rahul Roongta has rejoined the company as Group Chief Financial Officer.
Stock Market Live: Hathway Cable Profit Drops 44% Despite Revenue Growth
- Hathway Cable & Datacom reported Q2 net profit of Rs 10.2 crore, down 44.1% YoY.
- Revenue rose 5.7% YoY to Rs 567.5 crore.
- EBITDA declined 27.4% YoY to Rs 58.7 crore.
- EBITDA margin fell to 10.4% from 15.1%.
Stock Market Live: MRPL Q2 Profit Doubles Sequentially; Margins Improve Sharply
- MRPL reported Q2 net profit of Rs 1,901 crore, compared with Rs 946 crore in Q1.
- Revenue declined 15.1% QoQ to Rs 32,516 crore.
- EBITDA rose to Rs 3,279 crore from Rs 1,317 crore.
- EBITDA margin improved to 10.1% from 3.4%.
- The company reported a one-time loss of Rs 119 crore versus a gain of Rs 472 crore in Q1.
Stock Market Live: Thomas Cook's Canadian Step-Down Subsidiary Digiphoto Entertainment Imaging Voluntarily Dissolved
-
Thomas Cook (India) said its Canadian step-down subsidiary, Digiphoto Entertainment Imaging, has been voluntarily dissolved.
-
The development was disclosed by the company in an exchange filing.
-
The dissolution pertains to the company's Canadian step-down subsidiary and has been completed through a voluntary process.
Stock Market Live: ICICI Lombard Q2 Profit Rises 15%; Announces Interim Dividend
- ICICI Lombard General Insurance reported Q2 net profit of Rs 946 crore, up 15.4% YoY from Rs 820 crore.
- Net premium earned rose 17.7% YoY to Rs 6,652 crore from Rs 5,652 crore.
- The company declared an interim dividend of Rs 7 per share.
Stock Market Live: AXISCADES' US Arm To Acquire Assets Of ITSJ Group For Rs 67 Crore
-
AXISCADES Technologies said its US step-down subsidiary XIDA will acquire substantially all business assets of ITSJ Group, Inc. for Rs 67 crore, according to an exchange filing.
-
The proposed acquisition is aimed at expanding XIDA's capabilities and strengthening its presence in the relevant business segments.
-
The transaction involves the acquisition of substantially all operating business assets of ITSJ Group, Inc.
Stock Market Live: Smartworks Coworking Files NCLT Application For Share Capital Reduction
- Smartworks Coworking Spaces has filed an application with the National Company Law Tribunal (NCLT), New Delhi Bench, seeking approval for a proposed reduction of share capital.
- The company has e-filed the application as part of the process for obtaining regulatory sanction for the proposed capital reduction.
Stock Market Live: AXISCADES Technologies Completes Acquisition Of Ulosia Holding AG
-
AXISCADES Technologies has completed the acquisition of a 100% stake in Ulosia Holding AG, according to an exchange filing.
-
The acquisition marks the completion of the transaction announced earlier by the company.
Stock Market Live: ACME Solar Forms Wholly Owned Subsidiary In UAE
-
ACME Solar Holdings has incorporated a wholly owned subsidiary, ACME Renewables FZCO, in the United Arab Emirates, according to an exchange filing.
-
The company said ACME Renewables FZCO will serve as a platform to support its renewable energy business and international growth initiatives.
-
The development was disclosed through an exchange filing.
Stock Market Live: Emmvee Photovoltaic Q2 Profit Surges 61%
- Emmvee Photovoltaic reported Q2 net profit of Rs 382 crore, up 60.5% YoY.
- Revenue increased 39.3% YoY to Rs 1,576 crore.
- EBITDA rose 39.3% YoY to Rs 556 crore.
- EBITDA margin remained flat at 35.3%.
Stock Market Live: CEAT Revenue Grows 26%, Profit Declines
- CEAT reported Q2 revenue of Rs 4,762 crore, up 26.2% YoY.
- Net profit fell 39.8% to Rs 112 crore from Rs 186 crore.
- EBITDA declined 9.1% YoY to Rs 457 crore.
- EBITDA margin contracted to 9.6% from 13.3%.
Stock Market Live: Jio Platforms Files RHP; IPO Opens Oct. 21
- Jio Platforms has filed its Red Herring Prospectus (RHP) with the Registrar of Companies.
- The IPO will open on Oct. 21 and close on Oct. 23.
- Anchor bidding will take place on Oct. 19.
- Price band has been fixed at Rs 1,065-1,119 per share.
- Employees will receive a Rs 54 per share discount.
- Issue lot size is 12 shares.
Stock Market Live: Bajaj Consumer Profit Jumps 66%; Margin Expands
- Bajaj Consumer Care reported Q2 net profit of Rs 70.2 crore, up 65.9% YoY from Rs 42.3 crore.
- Revenue rose 25.5% YoY to Rs 333 crore.
- EBITDA increased 72.1% YoY to Rs 82.3 crore.
- EBITDA margin improved to 24.7% from 18%.
Stock Market Live: Tata Technologies Q2 Profit Slips Sequentially
- Tata Technologies reported Q2 net profit of Rs 171 crore, down 5.2% QoQ from Rs 181 crore.
- Revenue rose 2% QoQ to Rs 1,699 crore from Rs 1,665 crore.
- EBIT declined 1.2% QoQ to Rs 219 crore.
- EBIT margin stood at 12.9% versus 13.3% in Q1.
Stock Market Live: HDB Financial Services Q2 Profit Rises 34%; Declares Interim Dividend
- HDB Financial Services reported Q2 net profit of Rs 780 crore, up 34.3% YoY from Rs 581 crore.
- Revenue increased 10.1% YoY to Rs 5,005 crore from Rs 4,545 crore.
- The company declared an interim dividend of Rs 2 per share.
Stock Market Live: BHEL Q2 Profit More Than Doubles To Rs 821 Crore
- BHEL reported Q2 net profit of Rs 821 crore, compared with Rs 375 crore a year ago.
- Revenue rose 23.8% YoY to Rs 9,300 crore from Rs 7,512 crore.
- EBITDA increased 76.7% YoY to Rs 1,026 crore from Rs 581 crore.
- EBITDA margin expanded to 11% from 7.7%.
Stock Market Live: Q2 Results Will Remain In Focus Today, Wipro, Nestle, Tech Mahindra Eyed
- 48 companies will declare their earnings today.
- 360 One Wam, 5Paisa Capital, Advik Capital, Alok Industries, Angel One, Armee Infotech, Avenique, BFL Asset Finvest, Bombay Super Hybrid Seeds, Butterfly Gandhimathi Appliances, Carnation Industries, CCL Products (India), City Pulse Multiventures, Cyient DLM, DB Corp, Fedbank Financial Services, HDFC Asset Management Company, HDFC Life Insurance Company, Heritage Foods, IIFL Finance, Indian Bank, Indian Railway Finance Corporation, Jio Financial Services, Kabra Extrusiontechnik, Leading Leasing Finance and Investment Company, Sri Lotus Developers and Realty, L&T Finance, Mahindra EPC Irrigation, Metro Brands, MPF Systems, Mangalam Worldwide, Narmada Macplast Drip Irrigation Systems, Nestle India, Orient Electric, Oriental Hotels, Persistent Systems, Polycab India, SBC Exports, Shree Krishna Infrastructure, South Indian Bank, Sterling and Wilson Renewable Energy, Tata Communications, Tech Mahindra, Tips Music, Tuni Textile Mills, UCO Bank, USG Tech Solutions, Vipul, Wipro
Stock Market Live: US Markets End Lower
- US markets ended lower on Wednesday, with all the indices ending lower, on the back of hotter-than-expected inflation data.
- The Nasdaq Composite fell 1.88%, the S&P 500 declined 1.11%, while the Dow Jones Industrial Average shed 0.09%.
Stock Market Live: Asian Markets Under Pressure
- Asian markets were trading lower, tracking weaker US markets.
- Nikkei plunged 3.6%, Kospi 6.5%, Topix 1.8%, and ASX 200 0.33%
Stock Market Live: Welcome To The Live Coverage Of Markets Today
Track all the key stock market updates on October 15, including Q2 FY27 earnings, block and bulk deals, dividend announcements, corporate actions, brokerage calls, order wins and exchange filings.
Follow major price movements across stocks, including Wipro, Nestle India, Polycab, Tech Mahindra, HDFC AMC and Persistent Systems as they remain in focus ahead of Q2 numbers, alongside macroeconomic data, FII/DII activity and global market cues.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
