Post Market: Sensex falls 677 pts, Nifty ends below 17,700. IRCTC, RBL in news today

Benchmark Indian stock indices plunged by more than 1 %, weighed by losses in bank, IT energy, power and oil & gas. The Sensex fell 1.13% to 59306.93 and Nifty dropped 1.04% to 17671.65.

Broader markets mid-cap stocks and small-cap stocks ended with marginal change.

Indian rupee down 04 paise to 74.87 against the US dollar on Friday.

daily update

Shares in News Today

Dr Reddy’s Laboratories: The pharma major profit rises 30% to Rs 992 crore, revenue rises by 18% to Rs 5,763 crore in Q2. The revenues are higher due to growth in its generics business which grew 19% y-o-y and strong growth in its proprietary business.

Motilal Oswal: The company’s share price was up over 3 percent intraday after it reported Rs 536 crore in consolidated net profit for the quarter to September, a full 81 percent growth year-on-year and the highest ever quarterly profit.

IRCTC: The shares falls as much as 40% in the intraday trade after railway ministry asked to share 50:50 profit sharing on the convenience fee charges a major source of income for IRCTC. Later the shares recovered most of the losses after railways is withdrawing the decision to share the convenience fees.

RBL Bank: The Bank share price was locked at 10 percent lower circuit in the early trade after the companies quarterly results 78 percent fall in its net profit at Rs 31 crore for the second quarter of FY22 as against Rs 144 crore in the year-ago period.