INSUBCONTINENT EXCLUSIVE:
Top gainers in the BSE pack included TechM, Titan, Tata Steel, Bajaj Finance, UltraTech Cements and SBI.New Delhi: Equity indices narrowed
their early morning gains on Tuesday in a highly volatile trade
0.23 per cent higher to 18,167
Finance, UltraTech Cements and SBI with their shares rising as much as 2.53 per cent
On the other hand IndusInd Bank, ICICI Bank, Hindustan Unilever and PowerGrid slipped as much as 1.46 per cent in late morning deals.On the
NSE platform, except for Nifty Pharma and Private Bank, all other sub-indices were trading in green with Nifty Realty outperforming the
index by climbing as much as 2.75 per cent.BSE smallcap and BSE midcap jumped as much as 1.44 per cent and 0.98 per cent respectively.Shares
of Kotak Mahindra Bank surged as much as 2.74 per cent to Rs 2,219.50 after the lender reported a 23.76 per cent quarter-on-quarter rise --
at Rs 2,032.01 crore -- in its net profit for the July-September period of financial year 2021-22 (Q2 FY22)
The bank had posted a profit of Rs 1641.92 in Q1.Tech Mahindra's stock jumped as much as 1.91 per cent to Rs 1,553.80 after the lender
reported a 25.75 per cent year-on-year jump in its net profit -- at Rs 1,338.7 crore -- for September quarter
intraday deals.Tyre maker Ceat Ltd fell as much as 2.92 per cent after the company reported a drop in net profit on higher input costs.Also
Read: Ceat Shares Fall After Profit Declines In September Quarter"Markets thought inflation was transitory and margins will get adjusted
But the issue will likely persist for one more quarter and the impact is visible in current earnings," Vinod Nair, Head of Research at
Geojit Financial Services, told news agency Reuters.Some analysts also cautioned that a near 30 per cent gain in domestic benchmark indexes
has heated up equity valuations and warned that markets could see a steep correction in certain pockets.Many top-tier companies including
week.Meanwhile, foreign institutional investors (FIIs) were net sellers in the capital market, as they offloaded shares worth Rs 2,459.10
crore on Monday, as per exchange data.
