Stock Market Highlights: Sensex ends 212 pts higher and Nifty50 above 17,700 led by financial shares

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Domestic focused companies have a tailwind: Rupen Rajguru
“Over the next 2-3 years the domestic focused companies have a tailwind. So financials is a big theme which we have been positive on. Along with financials, we also like cement sector and companies which are into project management and execution. While IT as a sector has seen a decent correction this year, but we would still be avoiding midcap IT,” says Rupen Rajguru, Head of Equity Investment & Strategy at Julius Baer.

Market at close | Sensex and Nifty close higher led by gains in financial shares 

-- IT slips on weak earnings by global peers, Mphasis, Mindtree down three percent each

-- BEL gains despite reporting a fall in margin and orderbook, stock up three percent

-- RBL Bank sees buying following a recent fall, stock closes nine percent higher

-- Crompton Cons amongst top midcap losers on lower-than-expected q2

-- Metals stocks gain amid positive global cues, JSPL, JSW up over four percent each

-- Tata Chemical, SBI Card, Indus Tower close with gains ahead of q2 earnings

-- Bajaj Fin and Bajaj Finserv continue the downmove, stocks top Nifty losers

-- Nestle sees profit booking for second straight day, ends with a cut of one percent 

-- Bharti Airtel closes at record high following Airtel Africa earnings

-- Market breadth favours advances, advance-decline ratio at 1:1

Rupee ends higher at 82.49 vs dollar 

PNB Housing reports Q2 earnings

Looking at Rs 900 crore revenue in 2 years with new capex at the Indore facility: Dabur CEO

Balaji specialty revenue has come in at approx Rs 400 crore in H1FY23: D Ram Reddy of Balaji Amines

Discontinuing our Trivandrum operations to reduce redundancy: BYJU's to CNBC-TV18

Gland Pharma shares near all-time low as brokerages say 'growth recovery still a far cry'

Gland Pharma shares slipped almost 15 percent on Thursday, a day after the company posted a more than 20 percent drop in its profit for the July to September quarter compared to the year-ago period following lower sales and higher expenses. (Read more)

Balaji Amines at day's low after earnings announcement

Century Textiles shares rise after core business aids earnings, management expects demand to rise

Shares of Century Textiles and Industries Ltd rose as much as five percent on Thursday after the management said that demand for writing and printing paper is likely to increase due to the ban on single-use plastic. (Read more)

Buy CONCOR, Tata Chemicals: Aditya Agarwala

Here are two recommendations by Aditya Agarwala of Invest4edu:
-- Buy CONCOR for a target of Rs 850 with a stop loss at Rs 770 
-- Buy Tata Chemicals for a target of Rs 1,270 with a stop loss at Rs 1,160 

BEL reports Q2 earnings

-- Consolidated net profit down 0.1 percent at Rs 623.7 crore vs Rs 624.4 crore (YoY)
-- Consolidated revenue up 7.7 percent at Rs 3,961.6 crore vs Rs 3,678 crore (YoY)

-- Consolidated EBITDA up 0.5 percent at Rs 868.2 crore vs Rs 863.9 crore (YoY)

-- Margin at 22 percent vs 23.5 percent (YoY)

Very bullish on UltraTech: Sanjiv Bhasin

"UltraTeck, we've been very bullish on it. We think that the worst of coke prices and the unforeseen monsoon may be behind, construction is in a very sweet spot," Sanjiv Bhasin, Director, IIFL Securities said in an interaction with CNBC-TV18. "DLF has reduced debt at the highest space ever. So real estate segment go hand in hand as ancillaries. Autos are showing you the numbers - Maruti will sell 35 lakh cars in 2023-24." Bhasin highlighted that capital goods stocks, the ABB, Siemens, Cummins are reaching new highs. "This is telling me that capex, which has not been there for the last 10 years is now on the anvil and some of the large players like Thermax and the names which I took could be very big beneficiaries of this new spate of capex."

Tamilnad Mercantile Bank reports Q2 earnings

-- Net profit up 37.5 percent at Rs 262.3 crore vs Rs 190.7 crore (YoY)

-- NII up 15.8 percent at Rs 508.6 crore vs Rs 439.1 crore (YoY)

-- Gross NPA at 1.7 percent vs 1.7 percent (QoQ)

-- Net NPA at 0.9 percent vs 0.9 percent (QoQ)