Stock Market Today Live Updates: Sensex around 60,700, Nifty above 18,000; IT, Pharma lag; Metal shines; Bank of India rises 4%, MTNL falls 2%

Q2 EARNINGS: GILLETTE

Tokyo stocks close lower with eyes on US jobs data

Check out the top gainers from the metal & mining pack

Cochin Shipyard has received an order of about Rs 1,000 crore to construct vessels from a European client, the company said in a regulatory filing on Thursday.

What's behind the rally in Piramal Pharma shares? Watch this

Amara Raja Batteries zoomed 10.79% after reporting a 39.42 per cent rise in consolidated profit after tax to Rs 201.22 crore in the second quarter ended September 30, driven by higher sales. The company had posted a consolidated profit after tax of Rs 144.32 crore in the same period last fiscal.

SRF said its board has approved investment of Rs 604 crore for setting up four new plants and capacity expansion of existing facilities.

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Kalpataru Power Transmission receives new orders worth Rs 1290 crore

Raymond hits 52-week high, stock rose over 5% in early trade on two-fold jump in consolidated net profit to Rs 161.95 crore for the second quarter ended September 30 on improved growth across its business segments. The company had posted a net profit of Rs 56.15 crore during the July-September quarter of the previous fiscal. The stock is now trading 2.76% up

Kalpataru Power Transmission has secured new orders worth Rs 1,290 crore. In included orders in overseas market in the T&D business, order for oil & gas pipeline Works in India and order for railway works in India.

Adani Enterprises' growth roadmap: Lower costs aided EBITDA in Q2, What are the company's capex plans? Group CFO, @Jugeshinder in conversation with ET Now

JMC Projects (India) secures new orders worth Rs 2,277 crore

Navratna Defence PSU Bharat Electronics Ltd (BEL) has signed an MoU with Motorola Solutions India Pvt Ltd for co-operation in the field of broadband, push-to-talk service. The MoU aims at leveraging the complementary strengths and capabilities of BEL and Motorola, the Bengaluru-headquartered company said in a statement.

Nifty Pharma in the red; down 0.64%

India has cheapest manufacturing cost globally: Report

Hero MotoCorp reported a 9 per cent decline in its consolidated net profit to Rs 682 crore for the second quarter ended September 30, mainly due to enhanced expenses and a slight dip in sales during the period. It had reported a net profit of Rs 748 crore in the July-September period of the previous fiscal.

Buy or Sell: Stock ideas by experts for November 04, 2022

Vodafone Idea, the debt-ridden telecom operator, reported widening of consolidated loss to Rs 7,595.5 crore in the second quarter ended September. The company had posted a loss of Rs 7,132.3 crore in the same period a year ago.

Nifty IT has another bad day; index down 0.88%

Adani Enterprises more than doubled its September quarter net profit on the back of strong performance at its integrated resources management and airports divisions. It posted net profit of Rs 460.94 crore in July-September compared to Rs 212.41 crore profit in the same period a year back.

HDFC, the merger-bound mortgage major. reported an 18% growth in net income to Rs 4,454 crore in the September quarter, mainly driven by higher retail loan sales that hit an eight-year high of 36 per cent.

Stocks in focus: Cochin Shipyard, Amara Raja, Eclerx, Rainbow Children, Blue Star and Capri Global and more

There are two broad trends, one negative and the other positive, in the market now. The negative trend is the rising interest rates globally. The Fed’s message that the terminal rate in this rate hiking cycle would be higher than expected earlier is a negative for equity markets. Bond yields (10-year US bond yield is at 4.15%) and the dollar index (112.8) are moving up dragging equity markets down. But even in this unfavourable environment FII flows into India are rising. FIIs have been buyers in the cash market for the sixth straight trading day. This vote of confidence in India is a clear positive. For the near-term the influence of these negative and positive factors will keep the Nifty in a range with no breakouts or breakdowns. However, individual stocks will witness sharp movements responding to the Q2 results. In the present context of high valuations for growth stocks there is value in certain pockets like PSU banks.

- Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Reliance Retail, a unit of Indian oil-to-chemicals conglomerate Reliance Industries , plans to enter the salon business and is in final stages to buy a roughly 49% stake in Naturals Salon & Spa, the Economic Times newspaper reported on Friday.

Opening Bell: Sensex gains 50 points, Nifty above 18,050; Bank of India rises 4%, MTNL falls 2%

Pre-open session: Sensex slips over 150 points; Nifty below 18,030

China leads Asia stocks higher

Quarterly earnings today

SGX Nifty signals a negative start

Tech View: Nifty forms bullish candle

Tokyo stocks open lower with eyes on US jobs data

US stocks close lower on Fed rate hike worry

Oil prices drop as demand fears dominate

Rupee falls 8 paise to 82.88 against US dollar

Sensex, Nifty on Thursday

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