Benchmark equity indices snapped a three-day losing streak and ended higher on Tuesday, mirroring a recovery in global markets. Nifty settled 79.75 points, or 0.4 per cent, higher at 19,811.5, while Sensex climbed 261 points, or 0.39 per cent, to close at 66,428. Sectorally all sectors, except for consumer durables, ended in the green, with energy and PSU banks leading the gains.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Here are the newsmakers that buzzed in trade on October 17.

Cyient DLM: After rallying over 8 per cent intraday, shares of the electronics manufacturing services and solutions provider settled over 3 per cent higher at Rs 710. The company’s net profit for the September quarter surged 106 per cent year-on-year to Rs 14.65 crore.

ICICI Securities: Shares of the brokerage firm ended over 2 per cent higher at Rs 645 amid a spurt in trading volume in the counter post-its Q2 results.

Bajaj Finance: Shares of the NBFC company ended around 1 per cent higher at Rs 8,091 ahead of its Q2 results. The company reported a consolidated net profit of Rs 3,550.8 crore for the quarter ended September 30, marking a rise of 27.7 per cent compared with the corresponding period a year ago but falling short of analysts' estimates. The company released its numbers after market hours. READ MORE: https://www.zeebiz.com/companies/news-bajaj-finance-q2-results-net-profi...

Va Tech Wabag: Shares of the water supply and management company ended with sharp gains of over 13 per cent at Rs 504.8 after the company entered into a partnership with Pani Energy for implementing applied artificial intelligence for treatment plants.

Data Patterns (India): Data Patterns shares climbed 5 per cent to Rs 2,091.5 after the defence and aerospace electronics solutions provider inked a licensing and transfer of technology (ToT) agreement with IN-SPACe.

HDFC Bank: Shares of the private lender ended 0.62 per cent higher at Rs 1,539, even as the bank posted mixed performance for the September-ended quarter. The lender saw strong growth in net interest income, but nevertheless, its asset quality deteriorated sequentially.

Metro Brands: Shares of the footwear company ended with around 2 per cent gains at Rs 1,210.65 after the retailer announced the opening of its 800th store in Hyderabad.

Glenmark Pharmaceuticals: Shares of the drug major settled marginally higher at Rs 802 apiece after the company secured final approval for Apremilast tablets from the US FDA.

L&T Technology: L&T Technology Services’ shares corrected by over 1 per cent on Tuesday ahead of its Q2 results due to be announced later today. Analysts expect the engineering research and development (ER&D) service provider to stage a muted performance for the Q2 period on the back of margin pressure.

KEC International: Shares of the electric power transmission tower manufacturer ended with tad gains at Rs 654 after the company won orders worth Rs 1,315 crore.