Muhurat Day Closing Bell: Nifty ends above 17,700, Sensex up 524 pts; bank, capital goods up 1% each – Moneycontrol

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DLF has posts 26% jump in its Q2 net profit at Rs 477 crore
On a sequential basis, the profit grew by 4 percent.
The company recorded revenue of Rs 22,521 crore for the quarter under review, up 20 percent from a year ago. Sequentially, revenue increased by 3 percent.
Performance was driven by higher net customer additions and an increase in average revenue per user.
KEC International bags new orders worth Rs 2,042 crore
Kotak Mahindra Bank Q2 profit, net interest income grow 27% YoY
BSE Capital Goods index gains 1 percent led by the Finolex Cables, ELGI Equipments, Praj Industries
Nifty PSU Bank index rises 1 percent led by the Indian Bank, Bank of Maharshtra, Indian Overseas Bank
Yes Bank Q2 net profit slides 32% to Rs 153 crore
BSE Power index up 1 percent supported by the NHPC, Adani Power, JSW Energy
Hindustan Unilever Q2 profit rises 20% to Rs 2,616 crore, volume grows 4%
Nifty Bank index added 1 percent led by the IDFC Fist Bank, ICICI Bank, Federal Bank
RIL Q2 consolidated net profit flat on-year at Rs 13,656 crore
ICICI Bank Q2 profit surges 37% to Rs 7,558 crore as bad loan provisions drop
Oil prices drop as Chinese demand data disappoints
Benchmark indices open on positive note on the Muhurat day
Futures reverse losses as bond yields retreat
China GDP grows 3.9% YoY in Q3: Official data
Reliance to spin off financial services wing, list it on bourses
DLF sells housing units worth Rs 4,092 crore in April to September, up 62% year-on-year
Forex reserves fall $4.5 billion to $528.37 billion
Wall Street ends higher as hopes for less aggressive Fed grow
Asian Markets ended mixed with Hang Seng down 6%, Shanghai Composite down 2%, while Kospi up 1%
SGX Nifty indicates a flat start for the Indian indices

Muhurat Day Closing Bell: Benchmark indices ended on strong note on the first day (Muhurat Day) of Samvat 2079 with Nifty finishing above 17,700.
The Sensex was up 524.51 points or 0.88% at 59831.66, and the Nifty was up 154.50 points or 0.88% at 17730.80. About 2602 shares have advanced, 727 shares declined, and 153 shares are unchanged.
Nestle India, ICICI Bank, HDFC, Larsen and Toubro and SBI were among major gainers on the Nifty, while losers included HUL, Kotak Mahindra Bank, HDFC Life and Adani Enterprises.
All the sectoral indices ended in the green with bank and capital goods indices up 1 percent each.
BSE Midcap and Smallcap indices up 0.5-1 percent.
Reliance Jio Infocomm, a subsidiary of Reliance Industries’ digital unit Jio Platforms, reported year-on-year (YoY) growth of 28 percent in its standalone net profit at Rs 4,518 crore for the September quarter.
On a sequential basis, the profit grew by 4 percent.
The company recorded revenue of Rs 22,521 crore for the quarter under review, up 20 percent from a year ago. Sequentially, revenue increased by 3 percent.
Performance was driven by higher net customer additions and an increase in average revenue per user.
KEC International bags new orders:
KEC International has secured new orders of Rs 2,042 crore.
Transmission & Distribution (T&D):
The business has secured orders for T&D projects in Middle East and Americas:
• 380 kV Transmission lines in Saudi Arabia
• Supply of towers in Middle East, secured by our subsidiary in UAE
• Supply of towers, hardware and poles in Americas, secured by our subsidiary, SAE Towers
Civil:
The business has secured orders for infra works in the Water Pipeline and Data Centre segments in India.
Railways:
The business has secured orders in conventional and technologically enabled segments in India:
• Ballastless Track works (BLT) for Metro Rail – Order for BLT and associated works
• Overhead Electrification (OHE) – Orders for OHE and associated works
• Composite – Orders for composite projects including track laying, electrical, S&T and associated works
Cables:
The business has secured orders for various types of cables in India and overseas.
KEC International was quoting at Rs 423.65, up Rs 5.90, or 1.41 percent on the BSE.
Private sector lender Kotak Mahindra Bank on October 22 reported a 27 percent growth in standalone profit after tax (PAT) as well as net interest income (NII) for the quarter ended September 30, 2022.
The standalone profit increased to Rs 2,581 crore during the quarter, up from Rs 2,032 crore in the corresponding period of the last fiscal, the Mumbai-headquartered bank said in its BSE filing.
Net interest income, the difference between interest earned and interest expended, climbed to Rs 5,099 crore from Rs 4,021 crore in the year-ago period, with the net interest margin expanding 72 basis points (bps) year on year (YoY) to 5.17 percent for Q2FY23.
Gainers and Losers on the BSE Sensex:
24 midcap stocks beat market downturn with 10-215% surge https://t.co/ypoHASXWC8

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Yes Bank's net profit in the three-month period ending September 30, 2022 dropped by 32.2 percent year-on-year to Rs 152.8 crore, as per the standalone financial results for the quarter released on October 22.
In the corresponding period of the past fiscal, the private lender's net profit stood at Rs 225.50 crore.
Apart from an on-year dip, the net profit is also lower as compared to the last quarter. The bank's net profit had stood at Rs 310.63 crore in Q1 FY23.
Total income during Q2 FY23, however, was higher at Rs 6,394.11 crore as against Rs 5,430.30 crore in the same period a year ago, Yes Bank said in a regulatory filing.
The net interest income (NII) climbed by 31.7 YoY to Rs 1,991.4 crore, as compared to Rs 1,512.2 crore last year.
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