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Benchmark equity indices lost their thwo day gaining streak and closed lower, weighed by losses in Auto and Finance services. The Sensex closed 0.34% lower to 61143.33 and index Nifty fell 0.31% to 18210.95.
Nifty Auto fell 0.50%, Nifty Fin Service dropped 0.74% and Nifty PSU Bank gain by 2.05%, Nifty IT gain by 0.97%
Indian rupee was little changed to close at 75.025 against the US dollar on Wednesday.
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Maruti Suzuki: The country’s largest carmaker on Wednesday reported standalone net profit of ₹ 475 crore in the quarter ended September 2020, marking a decline of 65 per cent from ₹ 1,371.60 crore during the same period last year. Sharp decline in profit came on the back of adverse commodity prices and lower sales volume due to electronic component shortages, leading to lower capacity utilization, the company said.
TTK Prestige: The largest kitchen appliances and cookware share price rose more than 15 percent intraday on October 27 after the company reported better earnings for the quarter ended September 2021 and also announced sub-division of shares.
Bajaj Finance: The non-banking finance company, reported a 53.5 percent year-on-year growth in consolidated profit at Rs 1,481 crore in September 2021 quarter following lower provisions and improvement in asset quality.
Asian Paints: The largest paint manufacturer increased by 10 percent prices across product portfolio except for enamels (6-7 percent price hike); blended price increase at the portfolio level is 8-9 percent.