30 Oct 2024 | 10:51:32 AM IST
Synopsis
Sensex Today | Stock Market LIVE Updates | Key equity indices, Sensex and Nifty50, traded lower on Wednesday, influenced by declines in banking and financial stocks amid ongoing foreign selling and disappointing corporate earnings.
Earnings Today: L&T, Tata Power, Dabur
Highlights of trade:
- Godavari Biorefineries shares list at 12.5% discount over IPO price
- Maruti Suzuki shares rise 2% post Q2 results
- Marico shares surge 7% post Q2 earnings announcement
- 2.9% equity block trade in Torrent Pharma
Market view by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
In the near term the market will be influenced by two factors – one positive and the other negative. The positive is the sharp decline in FII selling to just Rs 548 crores yesterday. This is an indication that the FII tactical trade of ‘Sell India, Buy China’ is coming to an end.
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Sensex Today | Stock Market LIVE Updates | Voltas shares sink despite posting 269% YoY jump in PAT
The company reporting a 269% year-on-year (YoY) increase in consolidated net profit, reaching Rs 133 crore for the September quarter, up from Rs 36 crore in the same period last year.
Price as on 10.51.31 AM, Click on company names for their live prices.
Stock Market LIVE Updates | PDS Q2 Results; stock up 6%
- Achieved highest-ever quarterly GMV of ₹5,437crs
- The quarter with the highest sales till date, recorded a growth of 26% vs previous quarter
- Normalised EBIDTA stood at ₹185crs, growth of 52% & margin of 6.0%
- Normalised PAT grew by 62% reaching ₹131crs with a margin of 4.3%
- Growth momentum expected to continue with an order book of ~$620 million, up over 20% year-on-year
Price as on 10.47.21 AM, Click on company names for their live prices.
Diwali stock picks: Over 50 ideas to light up your portfolio in Samvat 2081
With the Sensex declining by approximately 5,600 points from its peak and many multibagger stocks experiencing double-digit losses, investors are now shifting their focus from momentum plays to quality and growth stocks available at reasonable prices.
Stock Market LIVE Updates | Nifty Bank drops 1%; ICICI, AU SFB among top losers from the pack
Price as on 10.29.23 AM, Click on company names for their live prices.
Sensex Today | Adani Ent. shares rise 3% after posting 664% rise in Q2 PAT
The firm reported a 664% year-on-year (YoY) increase in consolidated net profit for the September quarter, reaching Rs 1,742 crore compared to Rs 228 crore in the same period last year.
Price as on 10.18.44 AM, Click on company names for their live prices.
Japan’s Nikkei rises over 1% after Big Tech stocks push Nasdaq to record high
Asian markets were mixed on Wednesday with Japan’s benchmark index gaining more than 1% after a rally in technology stocks propelled the Nasdaq composite to a record high.
Hong Kong’s Hang Seng was down 1.3% to 20,438.54 and the Shanghai Composite index dropped 0.6% to 3,267.42. In Tokyo, the Nikkei 225 index was up 1.3% at 39,390.49, as the Bank of Japan began a two-day policy meeting on Wednesday.
Planning to invest Diwali bonus? Mutual fund advisors offer help
During the Diwali celebrations, in addition to gifts and sweets, there is often an influx of cash. Many individuals receive cash gifts from relatives, while others get bonuses from their workplaces.
Instead of spending the money on useless things, it makes sense to invest it.
Stock Market LIVE Updates | Shriram Properties shares gain 4% on signing JDA for 6-acre land parcel in Pune
Price as on 10.07.31 AM, Click on company names for their live prices.
Sensex Today | Castrol India shares gain 2% as co names Kedar Lele as MD
Price as on 10.06.07 AM, Click on company names for their live prices.
Sensex Today | Godavari Biorefineries shares list at 12.5% discount over IPO price
Godavari Biorefineries shares debut on the exchanges on Monday, listing at Rs 308 on the NSE, a 12.5% discount over its issue price of Rs 352. The stock also got listed on BSE at Rs 310.5.
Stock Market LIVE Updates | HDFC Bank, TechM among top stocks to buy today
- HDFC Bank: Buy| Target Rs 1,822| Stop Loss Rs 1,674
- Tech Mahindra: Buy| Target Rs 1,790| Stop Loss Rs 1,644
- JSW Steel: Buy| Target Rs 1,020| Stop Loss Rs 937
- BEL: Buy| Target Rs 288| Stop Loss Rs 274
- HDFC Life: Buy| Target Rs 780| Stop Loss Rs 710
- Container Corp: Buy| Target Rs 850| Stop Loss Rs 777
- L&T: Buy| Target Rs 3,600| Stop Loss Rs 3,300
- LIC Housing Finance: Buy| Target Rs 690| Stop Loss Rs 620
- Bank of Baroda: Buy| Target Rs 270| Stop Loss Rs 245
Stock Market LIVE Updates | Allied Blenders and Distillers setting up plant in Telangana for Rs 75 cr
The company approved capacity expansion plan at Aurangabad for Rs 240 crore
Price as on 09.49.47 AM, Click on company names for their live prices.
Sensex Today | Brokerage Take: UBS on Maruti Suzuki
UBS has maintained a buy rating on Maruti while cutting the target price to Rs 14,800 from Rs 15,200.
Although Q2 results were a miss, the outlook on demand and margins has improved. The situation is not as bad as initially feared, leading UBS to retain the buy rating based on attractive valuations. Q2 FY25 gross margin contraction weighed on EBITDA; however, the adjusted PAT was above estimates. Festive demand appears strong, with inventories and discounts under control.
Stock Market LIVE Updates | Cipla shares fall 4% post Q2 shares
The company reported a 15% increase in consolidated net profit, reaching Rs 1,303 crore for the quarter ending September 2024, up from Rs 1,131 crore in the same period last year. This profit surpassed ET Now poll estimates of Rs 1,218 crore.
Price as on 09.37.14 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Maruti Suzuki shares rise 2%
The firm reported a 17% decline in standalone net profit for the September quarter, totaling Rs 3,069 crore, down from Rs 3,716.5 crore in the same period last year. This figure was below analysts’ expectations of Rs 3,525 crore.
Price as on 09.33.34 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Marico shares surge 7% post Q2 earnings announcement
The company announced a 20% increase in consolidated net profit, reaching Rs 433 crore for the September quarter, compared to Rs 360 crore in the same period last year.
Additionally, its consolidated revenue from operations rose by 7.6% to Rs 2,664 crore during the quarter, up from Rs 2,476 crore a year earlier.
Price as on 09.27.11 AM, Click on company names for their live prices.
Sensex Today | 2.9% equity block trade in Torrent Pharma; stock down 3%
Price as on 09.25.09 AM, Click on company names for their live prices.
Forex News | Rupee falls 2 paise to 84.07 against US dollar in early trade.
Sensex Today | Stock Market LIVE Updates | BEL, PNB among top movers in morning trade
Price as on 09.22.08 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Opening Bell
Sensex falls over 300 points, Nifty below 24,400; Maruti rises 2%, Cipla drops 4%
Sensex Today | Stock Market LIVE Updates: Sensex falls over 100 points, Nifty below 24,400 in pre-open session
Sensex Today | Stock Market LIVE Updates: Marico shares in focus after company reports 20% YoY growth in PAT
Shares of Marico are expected to be in focus after its Q2 FY25 earnings report released post-market hours on Tuesday. The homegrown FMCG major posted a 20% year-on-year increase in consolidated net profit to Rs 433 crore for the September quarter.
Sensex Today | Stock Market LIVE Updates: Dabur India shares in focus ahead of Q2 results today
Shares of FMCG giant Dabur India are set to be in focus as the company releases its second-quarter results later today. The quarter is expected to be subdued due to a decline in volumes and distributor inventory adjustments in the general trade (GT) channel.
Sensex Today | Stock Market LIVE Updates: NTPC, Tech Mahindra among 11 stocks to trade ex-dividend tomorrow. Last chance to buy
Shares of Tech Mahindra, Godrej Consumer Products, Balkrishna Industries, NTPC, and several other companies are expected to be in focus today, as they set October 31 as the record date for their declared dividends.
Sensex Today | Stock Market LIVE Updates: This microcap stock’s 1:8 bonus issue, 1:5 stock split record date tomorrow. Do you own?
In early September, microcap stock Sellwin Traders announced a bonus share issue at a 1:8 ratio, along with a 1:5 stock split, setting November 1 as the record date.
Sensex Today | Stock Market LIVE Updates: What’s at stake for China’s markets at the US election
China’s currency and equities are expected to feel the impact of a protectionist shift in the U.S. and are likely to react sensitively to the election’s implications for trade and foreign policy.
Sensex Today | Stock Market LIVE Updates: India’s festive gold buying spree continues, defying record price
Indian gold buyers overlooked record-high prices to make purchases for the Dhanteras and Diwali festivals beginning Tuesday, anticipating that gold’s upward trend would bring strong returns amid a cooling stock market, industry officials told Reuters.
Sensex Today | Stock Market LIVE Updates: Results from Alphabet and Snap lift shares of online ad sellers
Online ad sellers gained more than $100 billion in market value late Tuesday after positive quarterly results from Alphabet, Reddit, and Snap boosted investor optimism ahead of upcoming reports from Amazon and Meta Platforms.
Sensex Today | Stock Market LIVE Updates: Q2 results today: L&T, Dabur among 77 companies to announce earnings on Wednesday
The second-quarter earnings season has begun, with 77 companies set to report their July-September 2024 results today. Key earnings to watch include those from L&T, Tata Power, and Dabur.
Sensex Today | Stock Market LIVE Updates: Big movers on D-Street: What should investors do with Maruti Suzuki, Adani Ports and Cipla?
Equity benchmark indices Sensex and Nifty rose for the second consecutive session on Tuesday, closing higher due to late-session buying in banking stocks and a positive trend in global markets.
Sensex Today | Stock Market LIVE Updates | Stocks in news: L&T, Tata Power, Dabur, Marico, Torrent Pharma
Domestic markets rose in a volatile session on Wednesday, closing with an almost half percent gain despite mixed signals. Today, shares of L&T, Tata Power, Dabur, Marico, and Torrent Pharma, among others, will be in the spotlight due to second-quarter results and other news developments.
Stock Market LIVE Updates | Oil prices steady on shrinking U.S. crude inventories
Oil prices stabilised on Wednesday on industry data showing a surprise drop in U.S. crude and gasoline inventories, following two previous sessions of losses on the prospect of hostilities easing in the Middle East.
Brent crude futures gained 21 cents, or 0.3%, to $71.33 a barrel by 0002 GMT. U.S. West Texas Intermediate crude futures rose 22 cents, or 0.3%, to $67.43 per barrel.
Stock Market LIVE Updates | Nasdaq hits record high as Alphabet earnings beat estimates
The Nasdaq scored a record closing high and the S&P 500 rose on Tuesday, while the Dow fell as investors digested a host of corporate earnings and awaited Google-parent Alphabet’s results that came after the market close.
Alphabet, one of the so-called “Magnificent Seven” megacap technology stocks, reported quarterly revenue that beat estimates.
Stock Market LIVE Updates | GIFT Nifty signals a muted start
GIFT Nifty on the NSE IX traded lower by 11 points, or 0.04 per cent, at 24,439, signaling that Dalal Street was headed for muted start on Wednesday.
Stock Market LIVE Updates | Forex News
- The euro was little changed at $1.0822
- The Japanese yen rose 0.1% to 153.17 per dollar
- The offshore yuan was little changed at 7.1436 per dollar
- The Australian dollar was little changed at $0.6559
Stock Market LIVE Updates | Global Markets Check
- S&P 500 futures rose 0.3% as of 9:42 a.m. Tokyo time
- Hang Seng futures fell 0.2%
- Nikkei 225 futures (OSE) rose 0.7%
- Japan’s Topix rose 0.5%
- Australia’s S&P/ASX 200 fell 0.2%
- Euro Stoxx 50 futures were little changed
- Nasdaq 100 futures rose 0.3%
