sensex today: Live stock market updates: Sensex, Nifty flat; IT, Auto in red; Metal, media shine; Karnataka Bank soars 16%, LIC Housing Fin drops 9%

Shares of Orissa Bengal Carrier (OBCL) soared as much as 15% on Wednesday after the company announced it had signed a contract with major miner Vedanta. The Raipur-headquartered Bengal carrier of Orissa informed the National Stock Exchange (NSE) of the same via an exchange filing on Tuesday, November 01, 2022. The stock is currently trading up 12, 98%.

Price as of Nov 02, 2022 10:00 AMClick on company names for their live prices.

Macrotech Developers reported a consolidated net loss of Rs 933 crore for the quarter ended September due to provisions made for a loan to its UK branch for project development. It markets its properties under the Lodha brand and is one of the country’s leading property developers.

Price as of Nov 02, 2022 09:58Click on company names for their live prices.

The debenture holders petitioned the National Company Law Tribunal (NCLT) to initiate insolvency proceedings against GVK Power and Infrastructure, GVK’s ultimate holding company, claiming that the holding company had guaranteed repayment of funds worth of 312 crore provided to group companies, sources said. informed on the subject.

Price as of Nov 02, 2022 09:57Click on company names for their live prices.

Nifty Metal have a good day; SAIL up 3%, Hindalco up 4.76%

Price as of Nov 02, 2022 09:52Click on company names for their live prices.

Tech Mahindra, reported a 4% drop in profit for the September quarter to Rs 1,285 crore, citing profit margin squeeze. The IT major’s total revenue rose 20.7% to Rs 13,129 crore for the reporting quarter from the same period a year ago.

Price as of Nov 02, 2022 09:47Click on company names for their live prices.

Glenmark Pharmaceuticals Receives ANDA Approval for Sodium Phenylbutyrate Tablets

Price as of Nov 02, 2022 09:39Click on company names for their live prices.

Buy or Sell: Stock Ideas by Experts for November 02, 2022

Eicher Motors, Maruti Suzuki, Ashok Leyland Among Top Auto Losers; index down 0.60%

Price as of Nov 02, 2022 09:35Click on company names for their live prices.

Nykaa management post Q2 show

Punjab National Bank reported a 63% fall in its standalone net profit to Rs 411 crore for the September quarter due to higher provisioning for bad debts. The bank had recorded a net profit of Rs 1,105 crore in the previous year period.

Price as of Nov 02, 2022 09:32Click on company names for their live prices.

IT major Infosys will seek the green light from shareholders for its proposed Rs 9,300 crore share buyback between November 3 and December 2 by postal ballot. The board of Infosys had announced on October 13 a share buyback of Rs 9,300 crore via the open market route, for a price not exceeding Rs 1,850 per share.

Price as of Nov 02, 2022 09:30Click on company names for their live prices.

Targeted actions: NCC, RIL, ONGC, Chola Investment, TechM, Adani Transmission, etc.

Alembic Pharmaceuticals Obtains Final USFDA Approval for USP Mesalamine Extended-Release Capsules

Price as of Nov 02, 2022 09:25Click on company names for their live prices.

The rupee drops 6 paise to 82.65 against the US dollar in early trading

Market View: Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Global markets are awaiting Fed commentary tonight. A 75 bp rate hike is given and already discounted by the markets. So it will be the likely comments and advice from the Fed that will move the market. The Fed is likely to maintain its hawkish stance, but any slightly dovish signal will be positive for the markets. In the absence of a signal of rate moderation, the markets should correct. Investors can therefore wait and watch for this big event.

Second quarter results are in line with expectations. Note the superior performance of the premium segment, particularly in the automotive sector, and the very good results of financials, particularly banking. In addition to the strong performance of major private banks, many PSU banks also performed well. Since this PSU segment is underowned and cheap, there is some room for improvement in the near term.

OPENING BELL: Sensex drops 50 points, Nifty holds over 18,100 points; Karnataka Bank soars 16%, LIC Housing Fin drops 9%

OPENING BELL: Sensex drops 50 points, Nifty holds over 18,100 points; Karnataka Bank soars 16%, LIC Housing Fin drops 9%

Pre-open session: Sensex slips on 150 points; Clever below 18,130

Amazon closes below $1 trillion in market value for the first time since 2020

Shares of Amazon.com Inc. fell on Tuesday, with the e-commerce and cloud computing company closing below $1 trillion in market value for the first time since the early days of the Covid-19 pandemic over two years ago.

Amazon closes below $1 trillion in market value for the first time since 2020

Asian stocks falter

Asian stocks faltered in cautious trading on Wednesday as the dollar dipped slightly as investors braced for the outcome of U.S. Federal Reserve policy later in the global day, with many looking for signs of a slowdown in futures. rate hikes.

Quarterly results today

Adani Transmission, Procter & Gamble Hygiene, Dalmia Bharat, Mahindra & Mahindra Financial Services, Relaxo Footwears, Grindwell Norton, Kajaria Ceramics, EIH and Jindal Stainless are among the companies to announce their quarterly results today.

SGX Nifty reports a negative start

Astute futures on the Singapore Stock Exchange traded 23.5 points, or 0.13%, down to 18,231.50, signaling Dalal Street was heading for a negative start on Wednesday.

Tech View: Nifty Forms Doji Candle on Daily Charts

The Nifty stock index formed something of a Doji candle on the daily charts as it gave the highest close in the last 195 trading sessions.

Tokyo stocks open lower ahead of Fed decision

Shares in Tokyo opened lower on Wednesday, extending Wall Street’s falls after mixed US economic data added to jitters ahead of a major Federal Reserve decision. The benchmark Nikkei 225 was down 0.36%, or 98.66 points, at 27,580.26 in early trading, while the broader Topix index was down 0.06%, or 1, 11 points, at 1,937.39.

Wall Street slips as jobs data undermines hopes of Fed rate deceleration

U.S. stocks closed lower for a second straight session on Tuesday after data indicating the labor market remained on solid ground dampened hopes that the Federal Reserve may have enough reason to start reducing the scale of the labor market. its interest rate hikes.

Oil climbs on demand hopes after sharp drop in US crude inventories

Oil prices rose in early trading on Wednesday after industry data showed a surprise drop in U.S. crude inventories, suggesting demand is holding up despite steep interest rate hikes that are dampening global growth . Brent crude futures were up 17 cents, or 0.1%, at $94.82 a barrel at 0014 GMT, while US West Texas Intermediate (WTI) crude futures were up 26 cents, or 0.3%, to $88.63 a barrel.

Rupee rebounds 22 paise to 82.59 against US dollar

The rupee appreciated 22 paise to close at 82.59 against the US dollar on Tuesday amid continued inflows of foreign funds and a weakening greenback overseas.

Sensex, Nifty on Tuesday

The 30-stock Sensex ended up 375 points at 61,121, while its broader counterpart Nifty 50 finished above the 18,100 level.

Hello, dear reader! Here’s something to start your trading day

Hello, dear reader! Here's something to start your trading day