Nifty and Sensex closed marginally higher in a volatile session. Ending the week up by over 1%.
Brent Crude: 94.5 -0.16%
USD INR Spot: 82.47 -0.02%
India 10Y Bond yield: 7.418 0.08%
Nifty 50 market breadth for the day;
Sectoral performance.
More stats at: stocks.zerodha.com
Amongst the F&O stocks
Maruti Suzuki was the top gainer.
Balram Chini was the top loser.
Earnings Update:
Vedanta: Net Profit: Rs. 2,690 cr 53.7% YoY; Revenue: Rs. 36,237 cr 20.6% YoY.
Dr.Reddy’s: Net Profit: Rs. 1,114 cr 12% YoY; Revenue: Rs. 6,332 cr 9.4% YoY.
Tata Power: Net Profit: Rs. 935.2 cr 84.9% YoY; Revenue: Rs. 14,030.7 cr 43% YoY.
Maruti Suzuki: Net Profit: Rs. 2,061.5 cr Profit of 475.3 cr YoY; Revenue: Rs. 29,931 cr 45.7% YoY.
News
Worldwide smartphone shipments declined 9.7% YoY to 301.9 million units in the third quarter of 2022 (3Q22), Apple is the only top 5 smartphone company to register positive growth of 1.6% at 51.9 million shipments in Q3: IDC
According to the Government data, Wheat has been sown on 54,000 hectares so far in the current rabi (winter) season of the 2022–23 crop year, which is an increase of 59% over 34,000 hectares in the comparable period last year.
Apple India’s consolidated revenue touched an all-time high of Rs. 33,381 crore up nearly 45% YoY and Net profit rose 3% to Rs. 1263 crore in FY22, on the back of strong demand for its premium smartphones.
The ECB raised the interest rates by 75 bps to 1.5%, taking them to their highest rate since 2009 with the ECB President Christine Lagarde noting that while the Ukraine war and other global uncertainties meant the euro area economy faced a number of risks to the downside, inflation risks were skewed upwards.
The US economy rebounded in the third quarter, expanding for the first time this year as the GDP rose at an annual rate of 2.6% in the July to September period, according to the latest Commerce Department data.
Exxon Mobil announced record net profit of $19.66 billion and had more than 100% growth in revenue worth $112.07 billion during the quarter.