11 Oct 2024 | 10:49:40 AM IST
Synopsis
Sensex Today | Stock Market LIVE Updates | Sensex and Nifty traded slightly lower on Friday, pulled down by financials, while Tata Consultancy Services, the leading software company, recovered from early losses after reporting a quarterly profit miss.
Highlights of trade:
- Bandhan Bank shares jump 9% to cross Rs 200-mark
- TCS shares fall after Q2 profit misses estimates
- Sensex opens over 150 pts lower, Nifty below 25K
Market view by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Market is likely to remain volatile in the near-term alternating between FII selling and DII buying. Attractive valuations in other markets, particularly in Chinese stocks, will facilitate further selling by FIIs in India since Indian valuations are elevated. Concerns of earnings downgrades in H2 FY 25 render Indian valuations difficult to sustain.
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Stock Market LIVE Updates | Gujarat Toolroom successfully completes QIP
- The company raised Rs 50 Crores at an issue price of Rs 11.50 per share
- Zeta Global Funds and Eminence Global Fund PCC Trade Fund among key participants
Price as on 10.49.39 AM, Click on company names for their live prices.
Stock Market LIVE Updates | TCS shares fall as Q2 profit misses estimates. Should you buy, sell or hold?
Shares of Tata Consultancy Services (TCS), India’s top software exporter, opened lower on Friday after the company reported a 5% increase in consolidated net profit for the second quarter ended September 2024, reaching ₹11,909 crore, up from ₹11,342 crore in the same period last year.
Market View by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Market is likely to remain volatile in the near-term alternating between FII selling and DII buying. Attractive valuations in other markets, particularly in Chinese stocks, will facilitate further selling by FIIs in India since Indian valuations are elevated.
Concerns of earnings downgrades in H2 FY 25 render Indian valuations difficult to sustain. However, the sustained flows into the domestic mutual funds, where monthly SIPs have set a new record of Rs 24500 in September, will ensure that all FII selling will be easily absorbed by DII buying. This has been the trend in October so far.
Stock Market LIVE Updates | Ashoka Buildcon shares jump 3% on receiving order worth Rs 918 crore
Price as on 10.30.03 AM, Click on company names for their live prices.
Stock Market LIVE Updates | ICICI, HDFC Bank and other banking stocks trade lower
Price as on 10.25.55 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Zydus receives final approval from USFDA for Paliperidone Extended-Release Tablets, 1.5 mg, 3 mg, 6 mg and 9 mg.
Price as on 10.17.19 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Jindal Power, Vedanta and CESC eye Hiranmaye Energy’s $155 mln worth assets: Report
Price as on 10.16.30 AM, Click on company names for their live prices.
Japan’s Nikkei firms on Fast Retailing, chip share gains
Japan’s Nikkei share average rose on Friday, buoyed by index heavyweight Fast Retailing and major semiconductor-related shares, while investors awaited another round of domestic companies earnings reports.
The Nikkei rose 0.6% to 39,612.82 by the midday break after touching its highest intraday trading level in two weeks at 39,662.42. The index is on track for a more than 2% gain for the week.
Stock Market LIVE Updates | Adani Green Energy says operational capacity up by 34% YoY to 11,184 MW in H1
Price as on 10.08.38 AM, Click on company names for their live prices.
Stock Market LIVE Updates | EARNINGS IMPACT: Anand Rathi Wealth shares rise
- The company reported a 32% jump in its consolidated net profit and revenue.
- The company also announced an interim dividend of Rs 7 per equity share.
Price as on 10.07.04 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Sensex off day’s low, trades flat
Stock Market LIVE Updates | Bondada Engineering share jump 5% after getting orders worth Rs 1,132 cr
Price as on 09.53.27 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Aurionpro shares rise after co launches next- generation transaction banking platform in Saudi Arabia
Price as on 09.47.12 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Jio Financial Services launches new Jio Finanace app
Price as on 09.44.20 AM, Click on company names for their live prices.
Stock Market LIVE Updates | EARNINGS IMPACT: Tata Elxsi shares jump 2%
The company reported a 14% growth in its consolidated net profit, reaching Rs 229 crore for the second quarter, compared with Rs 200 crore in the same quarter last year.
Its revenue from operations during the same period increased 8% year-on-year to Rs 955 crore, up from Rs 882 crore in the same quarter last year.
Price as on 09.34.39 AM, Click on company names for their live prices.
Sensex Today | Bandhan Bank shares climb 8% as RBI okays appointment of MD and CEO
The Reserve Bank of India has approved Partha Pratim Sengupta’s appointment as MD and CEO of the lender. His three-year term will begin upon taking charge, which must occur by November 10, 2024, according to Bandhan Bank.
Price as on 09.29.56 AM, Click on company names for their live prices.
Stock Market LIVE Updates | EARNINGS IMPACT: IREDA shares rise
- The PSU company reported a net profit of ₹388 crore, a 36% increase from ₹285 crore in the same period last year.
- Revenue from operations in Q2 FY25 reached ₹1,629 crore, up 38% from ₹1,177 crore in Q2 FY24.
Price as on 09.26.46 AM, Click on company names for their live prices.
Forex News | Rupee rises in early trade
Rupee rises 2 paise to 83.96 against US dollar.
Stock Market LIVE Updates | EARNINGS IMPACT: TCS shares drop
The company reported a 5% growth in its consolidated net profit on Thursday, reaching Rs 11,909 crore for the second quarter ended September 2024, compared to Rs 11,342 crore in the year-ago period.
The profit was lower than the Street’s estimate of Rs 12,450 crore.
Price as on 09.22.19 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Bandhan Bank, IDFC First Bank among top movers in morning trade
Price as on 09.20.51 AM, Click on company names for their live prices.
Opening Bell: Sensex drops over 150 pts, Nifty below 25K; TCS sheds 2%, IREDA gains 2% post Q2 show
Sensex Today | Stock Market LIVE Updates: Sensex falls 133 pts, Nifty slips below 25K in pre-open session
Market is likely to remain volatile in the near-term alternating between FII selling and DII buying. Attractive valuations in other markets, particularly in Chinese stocks, will facilitate further selling by FIIs in India since Indian valuations are elevated. Concerns of earnings downgrades in H2 FY 25 render Indian valuations difficult to sustain. However, the sustained flows into the domestic mutual funds, where monthly SIPs have set a new record of Rs 24500 in September, will ensure that all FII selling will be easily absorbed by DII buying. This has been the trend in October so far.A healthy trend in the market is the leading private sector banks getting accumulated and showing resilience even in a weak market. This is the most attractively valued segment in this market where there is no valuation comfort. Lot of stock-specific action can be expected in the coming days in response to Q2 results. Banking and IT are likely to post reasonably good results.
– Dr V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
Stock Market LIVE Updates | F&O Ban List: Chambal Fertilizers, IDFC First Bank among 12 stocks under trade ban on Friday
Twelve stocks are facing a F&O trade ban on Friday, including Bandhan Bank, Birlasoft, Chambal Fertilizers & Chemicals, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Granules India, Hindustan Copper, IDFC First Bank, Manappuram Finance, Punjab National Bank (PNB), RBL Bank, Steel Authority of India (SAIL), and Thursday Chemicals.
Stock Market LIVE Updates | Q2 results today: Just Dial among 6 companies to announce earnings on Friday
The second quarter results season has begun, with around six companies set to announce their quarterly earnings on Friday. Investors should pay special attention to the earnings report from Just Dial.
Stock Market LIVE Updates | Positive Breakout: These 7 stocks close cross above their 200 DMA
In the Nifty500 index, seven stocks closed above their 200-day moving averages on October 10, as reported by stockedge.com’s technical scan data. Traders often use the 200-day moving average as a key indicator to assess the overall trend of a stock.
Stock Market LIVE Updates | Tata stocks rally, D-St confident RNT values will sustain
Shares of Tata Group companies surged by up to 15% on Thursday after the passing of Ratan Tata, Chairman Emeritus of Tata Sons, the previous day.
Stock Market LIVE Updates | Divi’s may not lose on Nifty exit, Trent faces entry test
Starting this month, drug major Divi’s Labs has been removed from the Nifty50, while Tata group’s retail company Trent has been added to the benchmark index. This shift suggests that while the pharma company is no longer subject to the “winner’s curse,” Trent may now face it. This Nifty rebalancing is expected to lead to a re-rating for both companies.
Stock Market LIVE Updates | Stock to watch: Mazagon Dock shares in focus on winning Rs 121 crore order from Maharashtra govt
Mazagon Dock shares are likely to be in the spotlight on Friday following an order worth Rs 121 crore from the state-owned Maharashtra State Power Generation Company (MAHAGENCO).
Stock Market LIVE Updates | Market expects RBI to kickstart easing with a shallow cut in December
The Reserve Bank of India’s decision to change its stance to ‘neutral’ from ‘withdrawal of accommodation’ has raised expectations of a shallow rate cut in December, due to greater balance between growth and inflation risks.
Stock Market LIVE Updates | Stocks in news: Mazagon Dock, JSW Steel, TCS, IREDA, Just Dial
On the weekly expiry day, domestic markets were subdued, finishing flat after a brief initial increase. In today’s trading, stocks such as Mazagon Dock, JSW Steel, TCS, IREDA, and Just Dial will attract attention due to various news updates and second-quarter results.
Stock Market LIVE Updates | GIFT Nifty down 20 points
The domestic market traded in a narrow range during the session, ultimately finishing with a slight positive bias. Activity was subdued due to the lack of significant catalysts and ongoing selling by foreign institutional investors (FIIs).
GIFT Nifty on the NSE IX traded lower by 20.5 points, or 0.08 per cent, at 25,090, signaling that Dalal Street was headed for negative start on Friday.
Stock Market LIVE Updates | D-Street Recap
Indian equity indices ended slightly higher on Thursday, as gains in financial stocks were countered by losses in IT shares.
The Nifty 50 increased by 0.07% to close at 24,998, while the S&P BSE Sensex rose 0.18%, finishing at 81,611. Earlier in the session, both indices had seen a rise of about 0.6%.
Stock Market LIVE Updates | Buffett’s Berkshire cuts stake in BofA to below 10%
Billionaire Warren Buffett’s Berkshire Hathaway unloaded more Bank of America stock this week that takes its stake in the U.S. banking giant below 10%.
Berkshire sold 9.5 million shares worth $382.4 million for this week, according to a regulatory filing on Thursday.
Stock Market LIVE Updates | Wall Street ends slightly lower after higher than expected inflation, jobless claims
On Thursday, Wall Street’s major indexes finished lower as investors examined unexpectedly high inflation and unemployment claims for insights into the U.S. economy’s health and the future of interest rates.
The Consumer Price Index increased by 0.2% month-over-month in September and 2.4% year-over-year, both slightly above the estimates provided by economists surveyed by Reuters.
Stock Market LIVE Updates | Oil prices jump 4% on US storm and Israel-Iran fears
Oil prices jumped about 4% on Thursday on a spike in U.S. fuel use before Hurricane Milton barrelled across Florida, Middle East supply risks and signs that demand for energy could grow in the U.S. and China.
Brent futures rose $2.82, or 3.7%, to settle at $79.40 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $2.61, or 3.6%, to settle at $75.85.
Stock Market LIVE Updates | Forex news
- The euro was little changed at $1.0935
- The Japanese yen was little changed at 148.63 per dollar
- The offshore yuan was little changed at 7.0808 per dollar
Stock Market LIVE Updates | Global Markets Check
- S&P 500 futures were little changed as of 9:53 a.m. Tokyo time
- Japan’s Topix rose 0.3%
- Australia’s S&P/ASX 200 fell 0.2%
- Euro Stoxx 50 futures rose 0.3%
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