Strong double-digit volume growth and improved operating margins fail to reassure investors as rising food inflation, elevated input costs and concerns over future sales growth trigger a reassessment of the FMCG major's valuation.
Tech Mahindra gains nearly 8% after reporting robust quarterly growth, expanding operating margins and stronger deal wins; a 1:1 bonus issue and ₹15 dividend add to investor interest
HDFC Bank, ICICI Bank and Axis Bank attract substantial foreign-currency deposits as lenders prepare to deploy funds into higher-yielding loans; analysts see scope for margin recovery in the October–December quarter.
Nifty IT rises for a fourth consecutive session as Indian software exporters gain more than 10% in a week, while global semiconductor stocks fall 7.4%; improving revenue expectations offer support.
Gold exchange-traded funds trade higher as fund houses suspend fresh lump-sum investments and new SIP registrations in select gold fund-of-funds schemes from October 16; September inflows climb to a seven-month high of ₹4,450.61 crore.
Stock falls to around ₹830 amid high trading volumes despite 26.5% revenue growth and a strong ₹2,814-crore order book; softer margins, supply-chain delays and elevated growth investments weigh on investor sentiment.
Powerful earthquake recorded at a depth of around 152 km, with its epicentre approximately 123 km southwest of Vilyuchinsk; US authorities report no tsunami warning, advisory or threat
Indian equities trade higher on Friday as technology and metal shares support the benchmarks; Nifty IT advances nearly 3%, while mid-cap and small-cap stocks remain under pressure amid mixed market sentiment.
Reliance Industries rises to ₹1,209.50 on the BSE as Jio Platforms prepares for its October 21 IPO; the listing could unlock value for RIL investors while putting the spotlight on its telecom, retail and energy businesses