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Consolidated revenue rose 18.4% YoY to Rs 12,507 crore, and was higher than ET Now poll of Rs 12,230 crore.

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"The market is poised to continue the ongoing rally aided by support from the mother market US. The driving force behind the ongoing rally is the strength of the US economy, indicating a lower probability of an immediate US recession and, more importantly, indications that inflation is plateauing and might show a declining trend soon.

Order inflows at the company also rose during the quarter by 23.2% YoY to Rs 51,900 crore led by pick up in domestic order finalisation during the quarter. Order book (OB) stands healthy at Rs 370,000 crore(2.2x TTM revenue), comprising exports OB of 28%, noted the brokerage firm.

Uber Q2 Results: Revenue up 72% to $8.34 bn

Updated at : 2022-11-01 18:20:01

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Uber, however, is also aiming to scale back hiring and reduce expenses to expand profitability amid macroeconomic uncertainties, with Khosrowshahi stressing the importance of "not taking anything for granted".The company forecast fourth-quarter adjusted EBITDA, a profitability metric keenly watched by investors, between $600 million and $630 million.

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The cryptocurrency, which has been closely correlated with tech stocks for much of its torrid 2022, is staging one of its strongest efforts yet to break away.Its 30-day correlation with the Nasdaq slid to 0.26 last week, its level lowest since early January, where a measure of 1 indicates the two assets are moving in lock step.

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Trades in a total of three securities -- five-year 7.38% 2027 former benchmark 6.54% 2032 and the current benchmark 7.26% 2032 bonds -- were settled under the new route, data as of 4 p.m. IST (1030 GMT) showed."Since this was the first day, some deals only in liquid bonds were settled using CBDC," a trader with a state-run bank said.

LIC shareholding in Tata Motors crosses 5%

Updated at : 2022-11-01 18:20:01

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"Holding in the company has crossed 5 per cent on October 31, 2022," LIC said. The acquisition of shares were done during the period from December 3, 2021 to October 31, 2022 at an average cost of Rs 455.69.

Stock market update: Nifty Bank index falls 0.04%

Updated at : 2022-11-01 18:20:01

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The Nifty Bank index closed 0.04 per cent down at 41289.55.

In the current move towards 17800, out-performance was seen in auto, metals and realty stocks. Nifty has started the November series with marginal lower OI with Call base remaining intact at 18000 strike. Volatility across the globe has declined; India VIX slipped below 17% mark and moved to April 2022 levels.

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