Auto Sector

The Singapore Exchange's Nifty futures traded 48 points, or 0.26%, higher at 18,366.

On Nifty, NTPC was the top gainer soaring by 2.3% followed by Bajaj Finserv, Kotak Bank, Eicher Motors and Power Grid up 1% each.

State Bank of India is quoting at Rs 615.5, up 3.63% on the day as on 12:49 IST on the NSE. The stock is up 17.63% in last one year as compared to a 0.33% gain in NIFTY and a 5.2% gain in the Nifty Bank index.

On consolidated basis, Ami Organics reported 9% rise in net profit to Rs 19.04 crore on 20.2% increase in revenue from operation to Rs 146.99 crore in Q2 FY23 over Q2 FY22.

The company said in its filing on August 24, 2022, "This DriveX funding aims to enable creative solutions to spearhead this shift."

Earlier, the company stated that the acquisition is at a price of Rs1,400 per share, totalling Rs296 crore.

Among sectors, IT, banks, auto and metal indices witnessed selling, while media, PSU banks, realty indices are in the green.

With an AUM of over Rs29,000 crore and a pan-India presence in 1,550 locations across 23 states and two union territories, HLFL is one of India's leading NBFCs.

Recently, JSA has been granted Environmental Clearance to expand its existing foundry operations at SIPCOT.

TPEML will lease back the land and buildings of the Powertrain unit to FIPL in order to facilitate the operation of its Powertrain manufacturing facilities.