Zee Entertainment gains 2% Shares of Zee Entertainment rose over 2 percent as investors cheered the September quarter results. Its consolidated profit fell 38.2 percent year-on-year to Rs 386.1 crore despite strong revenue and operational growth.

Profit in corresponding period last fiscal stood at Rs 625.1 crore, which was boosted by sale of sports business.

Consolidated revenue during the quarter grew by 24.9 percent to Rs 1,976 crore compared to Rs 1,582 crore in same period last fiscal, driven by advertising and subscription segments.

The 10-year government bond yield had opened at 7.99% against previous close of 8.03%

Around 175 stocks have hit fresh 52-week lows at this point on the BSE. Some of the names include Bank of Baroda, Bharti Airtel, Bombay Dyeing, Central Bank of India, Deepak Fertilisers, Finolex Industries, HAL, HUDCO, Indostar and Nilkamal, among others.

Oct 11, 09:41 AM (IST)
TCS down 3% Shares of Tata Consultancy Services are down around 3 percent ahead of its announcement of September quarter results later in the day. Interestingly, this is despite the rupee plunging to fresh record low.

Oct 11, 09:36 AM (IST)
Market Update At 09:36 hrs, the Sensex is down 948.00 points or 2.73% at 33812.89, while the Nifty is lower by 297.70 points or 2.85% at 10162.40. The market breadth is negative as 231 shares advanced, against a decline of 1,369 shares, while 1,800 shares were unchanged.

Rupee Update The Indian rupee has fallen to a fresh record low against the US dollar. Here is a look at the intraday figures. The year-to-date fall is recorded at 16.49 percent.

Benchmark indices BSE Sensex and NSE’s Nifty 50 fell over 3% amid selloff in global markets. In opening trade, the Sensex plunged 1,037 points to 33,723.53 and the Nifty 50 slumped 321 points to 10,138.60. Asian share markets sank in a sea of red after US stocks suffered its worst drubbing in eight months. Shanghai shares touched their lowest since late 2014, while Japan’s Nikkei fell 3.4%. In US, the S&P 500 ended Wednesday with a loss of 3.29% and the Nasdaq Composite 4.08%, while the Dow shed 2.2%. Oil prices dropped to extend big losses from the previous session as global stock markets suffered a rout. Here are the latest updates from the markets:
9.57 am IST
Bandhan Bank shares down 7%
Bandhan Bank shares traded 6.80% down at Rs 477.25 per share on BSE. The bank on Wednesday reported a 47.3% jump in its September-quarter net profit due to higher other income and net interest income. Net profit for the quarter stood at Rs487.65 crore against Rs331.09 crore a year ago.

source: livemint.com