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Nifty has been trading near the 78.6% retracement of the entire September decline. The key Fibonacci level is near 17800. The hourly chart shows that the index is in process of forming a distribution near this key hurdle. The hourly momentum indicator has developed a negative divergence, which is a sign of exhaustion, said Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas.

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The regulator said the face value of each debt security or non-convertible redeemable preference share issued on private placement basis "shall be Rs 1 lakh."Under the current rules, the face value of each debt security or non-convertible redeemable preference share issued on private placement basis is Rs 10 lakh and the trading lot is equal to the face value.

Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter rose about 40% on year to Rs 1,899 crore. The operating margin expanded 651 basis points to 29.99%.​

At the end of March 2022 quarter, Kedia held 14.40 lakh shares or a 14.15% stake in the company. The investor has pared his position in the company by 1.9%.Kedia holds 16 stocks with an estimated net worth of more than Rs 772.6 crore, Trendlyne data shows.

The consolidated total revenue during the quarter under review grew to Rs 883.8 crore from Rs 697.3 crore registered in the same period last year.For the half year ending September 30, 2022, the consolidated PAT went up to Rs 43.9 crore from Rs 37.3 crore recorded corresponding period last year.

The Nifty Auto index closed 1.63 per cent up at 13190.9.

“Since the liquidity context is challenged, there are no aggressive tailwinds for the markets to go on a secular one-way run. It is supporting us and so at the interim, we expect the Nifty at 20,000 at this given point of time, largely backed by banking and automobiles. That is the immediate short term context that we are seeing. ”

The brokerage has given the call considering the average set of numbers for Q2FY23. The credit card company’s PAT for the September quarter came in lower by 16% quarter-on-quarter (QoQ), while it logged an increase of 52% year-on-year (YoY). The drag in profitability was largely on the back of higher-than-expected provisions and opex.

In an amendment to the Preliminary Information Memorandum for inviting Expression of Interest, the bank in a filing said on Thursday that there has been made an extension for the purpose of raising a query to November 10 from the existing date of October 28.