The benchmarks Nifty 50 and Sensex opened the session on October 17 on a tumultuous note, moving back and forth between gains and losses. It was sharp losses in automobile stocks, especially Bajaj Auto, that dragged the benchmark indices into the red soon after opening. On the other hand, around 1 percent gains in heavyweights like Infosys, Reliance Industries, and ICICI Bank cushioned the market ...

Benchmark indices Nifty and Sensex extended morning losses and were deeply in the red after a sharp downturn in auto and realty stocks dented the sentiment massively. The IT index was the brightest spark in a dull market as heavyweights Infosys and Wipro will declare their Q2 earnings later today.At noon, the Sensex was down 444.09 points or 0.54 percent at 81,057.27, and the Nifty was down 183.10...

KEI Industries' share price fell 14 percent in the last two trading sessions after the company reported its operating margins contracted in the July-September quarter.The fall in margins was on account of the higher cost of raw materials and a spike in finance costs and employee expense benefits.KEI Industries stock dropped nearly 5 percent in the October 17 trade to quote at Rs 4,170.10 per share...

Mirroring the downward trajectory of Bajaj Auto, shares of Hero MotoCorp, TVS Motor company fell as much as 5 percent in the morning, their biggest single-day drop in 2 years. Meanwhile, Royal Enfield maker Eicher Motors also traded lower, albeit marginally.The plunge comes after Bajaj Auto trimmed the growth outlook for two-wheeler sales in India to a modest 5 percent, at the lower end of its ear...

Shares of L&T Technology Services tumbled almost three percent in trade on October 17, after the IT service firm's earnings show for the quarter ended September came in under expectations.L&T Technology Services reported a marginal 1.91 percent increase in its net profit at Rs 319.6 crore in the September 2024 quarter. The company had reported a net profit of Rs 313.60 crore in the June quarter.Th...