25 Oct 2024 | 11:44:56 AM IST
Synopsis
Sensex Today | Stock Market LIVE Updates | Indian benchmark indices, Sensex and Nifty traded in deep red on Friday following a four-day decline, impacted by lackluster earnings and ongoing foreign outflows. The market was particularly affected by drops in private lender IndusInd Bank and power company NTPC, both of which reported disappointing quarterly results.
Earnings Today: Coal India, JSW Steel, Bharat Electronics, IndiGo, BPCL, Bank of Baroda, HPCL, IDBI Bank
Highlights of trade:
- Shriram Finance shares fall 4% as ED conducts search in offices
- India VIX gains 7%
- Midcap, Smallcap indices bleed
- Bank Nifty tumbles 1,000 pts
- Afcons Infrastructure IPO opens for subscription
- NTPC shares fall 3% after posting a profit drop
- Godrej Consumer shares gain 4% as Q2 PAT jumps 13%
- ITC shares up 4% post Q2 show
- IndusInd Bank sinks 15% after weak Q2 nos
Market view by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
A distinct change in the long-term market trend is discernible from the recent market movements. The overarching trend that took the Nifty from the COVID low of 7511 in March 2020 to above 26200 in September 2024 has been the -buy on dips- strategy that worked well consistently. With the massive, sustained and unprecedented selling by the FIIs, which has touched Rs 98085 crores this month up to 24th, the buy on dips strategy is not working.
Show more Show less
Rs 8 lakh crore wiped out! Sensex, Nifty sink further; key factors behind today’s selloff
Indian benchmark equity indices fell sharply on Friday, with the Sensex dropping over 700 points and the Nifty slipping below the 24,150 mark amid lackluster Q2 earnings and persistent foreign outflows. The decline was driven by disappointing Q2 results from private lender IndusInd Bank and power company NTPC.
Sensex Today | L&T Wins order worth Rs 1,000 to 2,500 cr to deploy advance welding technology for the Global Nuclear Fusion Project
Price as on 11.40.02 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Volatility Index, India VIX jumps 7%
Sensex Today | Stock Market LIVE Updates | Eye on Earnings
Here’s how Coal India, JSW Steel, Bharat Electronics, IndiGo, BPCL, Bank of Baroda, HPCL and IDBI Bank are trading ahead of Q2 results
Price as on 11.14.55 AM, Click on company names for their live prices.
Sensex Today | Shriram Finance shares fall 4% as ED conducts search in offices
Enforcement directorate officials conduct search activity in office premises of Shriram Properties in Bengaluru and Chennai.
Price as on 11.09.07 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Midcap, Smallcap indices bleed; trade at day’s low
Stock Market LIVE Updates | Top Nifty gainers & losers at this hour
- ITC, Axis Bank rise against market mood
- IndusInd Bank, Shriram Finance top laggards
Stock Market LIVE Updates | Nifty slips below 25,150
Stock Market LIVE Updates | SENSEX TUMBLES 700 PTS
SENSEX TANKS 600 PTS: Here’s how top stocks are faring
Sensex Today | Sensex tumbles over 500 pts, slips below 80K
Stock Market LIVE Updates | Bank NIfty tumbles 1,000 pts, trades 2% lower
IndusInd, PNB, BoB are among top laggards as the banking index trades at day’s low.
Price as on 10.48.27 AM, Click on company names for their live prices.
Sensex Today | IndusInd, M&M drag Sensex 450 pts lower
Stock Market LIVE Updates | Gold slips but set for third straight weekly gain
Gold prices slipped on Friday but were headed for a third straight weekly gain as elevated geopolitical tensions boosted safe-haven appeal, while palladium was set for its best week in three.
Spot gold eased 0.4% to $2,725.73 per ounce, as of 0438 GMT as investors booked profits after a record rally. Prices hit a record high of $2,758.37 on Wednesday and are up 0.2% so far in the week.
Stock Market LIVE Updates | Nifty Metal falls 3%; NALCO, Hind Zinc top drags
Price as on 10.39.38 AM, Click on company names for their live prices.
Stock Market LIVE Updates | PNB Housing Finance shares rally 11% after strong Q2 results
The company reported a 23% year-on-year (YoY) rise in net profit for the second quarter of FY25, reaching Rs 470 crore.
The improvement in profit was attributed to better asset quality, with the gross non-performing assets (GNPA) ratio declining to 1.24%, down from 1.78% a year ago and 1.35% in the previous quarter.
Price as on 10.23.03 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Afcons Infrastructure IPO opens for subscription
The initial public offering (IPO) of Afcons Infrastructure, part of the Shapoorji Pallonji group, opened for subscription on Friday and will close on October 29. The offering includes a fresh issue of shares valued at Rs 1,250 crore and an offer for sale (OFS) of up to Rs 4,180 crore from promoter Goswami Infratech.
Stock Market LIVE Updates | India bond yields flat; traders eye weekly debt sale
Indian government bond yields were largely unchanged on Friday and were set to end the week flat amid a lack of strong directional triggers, while the focus was on the fresh debt supply through a weekly auction.
The benchmark 10-year bond yield was a
Stock Market LIVE Updates | EARNINGS IMPACT: Ujjivan SFB shares fall 5%
- Reported 29% decline in net profit to Rs 233 crore
- Warned a net profit of Rs 328 crore in the year-ago period.
- Total income rose to Rs 1,820 crore
- Appointed S Balakrishna Kamath as CFO of the bank with effect from January 3, 2025.
Price as on 10.03.00 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Axis Bank shares rise as RBI approves re-appointment of Amitabh Chaudhry as Managing Director & CEO
Price as on 09.59.47 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Sensex falls over 300 pts, trades below 80K
Stock Market LIVE Updates | EFC (I) shares rise 5% on 131% surge in Q2 PAT
- Reports a 131% increase in consolidated net profit, reaching Rs 36.56 crore.
- Consolidated revenues increased by 63% per cent at Rs 166.44 crore in Q2-FY25.
- Rental income accounted for 54% of consolidated revenues; fit-out contracts comprised 46% in Q2-FY25.
- The company recently added close to 1,75,000 sq. ft. to its co-working portfolio by expanding capacities in 2 Cities and adding 3600 seat
Price as on 09.51.56 AM, Click on company names for their live prices.
Sensex Today | LE Travenues Technology shares drop 3% as it acquires stake in Zoop Web
The company announced the acquisition of a majority stake in Zoop Web Services Private Limited a leading train food delivery service and an authorised IRCTC e-catering partner.
Price as on 09.49.15 AM, Click on company names for their live prices.
Stock Market LIVE Updates | EARNINGS IMPACT: Piramal Pharma shares drop 3% despite 4-fold surge in Q2 PAT
Piramal Pharma on Thursday reported over four-fold increase in consolidated net profit at Rs 23 crore for the second quarter ended September. The Mumbai-based company had reported a net profit of Rs 5 crore in the July-September quarter of last fiscal.
Price as on 09.42.34 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Godrej Properties buys 7.5-acre land in Gurugram to build Rs 5,500-crore housing project
Price as on 09.40.13 AM, Click on company names for their live prices.
Stock Market LIVE Updates | EARNINGS IMPACT: Dixon Tech shares fall 5% despite 3-fold growth in Q2 PAT
Dixon Technologies (India), a leading company in the electronic manufacturing services (EMS) space, on Thursday reported over three-fold rise in its consolidated net profit to Rs 411.7 crore for the September 2024 quarter on strong performance by its Mobile and EMS Division.
Price as on 09.38.38 AM, Click on company names for their live prices.
Stock Market LIVE Updates | EARNINGS IMPACT: Godrej Consumer shares gain 4%
The company reported a 13% rise in its consolidated net profit to Rs 491.31 crore in the September quarter, helped by volume growth in the domestic market and Indonesia. It had posted a net profit of Rs 432.77 crore in the July-September quarter a year ago, according to a regulatory filing by Godrej Consumer Products Ltd (GCPL).
Price as on 09.37.11 AM, Click on company names for their live prices.
Stock Market LIVE Updates | NTPC shares fall 3% after posting a profit drop in the second quarter on lower power generation.
Price as on 09.34.38 AM, Click on company names for their live prices.
Stock Market LIVE Updates | ITC shares gain 4% post Q2 show
The company reported a 2% YoY jump in its net profit for the second quarter ended September 2024 to Rs 4,993 crore. The revenue from operations rose 15.6% YoY to Rs 22,282 crore in the reporting period.
Price as on 09.28.14 AM, Click on company names for their live prices.
Stock Market LIVE Updates | IndusInd Bank shares crack 10%, hit 52-week low
The lender reported a 39% year-on-year drop in net profit for the quarter ending September 2024, with net profit at Rs 1,325 crore, falling short of market expectations of Rs 2,138 crore. In the same quarter last year, the profit was Rs 2,181.47 crore.
Despite the profit decline, the bank’s net interest income (NII) increased by 5% year-on-year to Rs 5,347 crore. However, the net interest margin (NIM) fell to 4.08%, down 21 basis points from 4.29% a year earlier and 18 basis points lower compared to the previous quarter.
Forex news | Rupee flat in early trade
Rupee turns flat at 84.07 against US dollar.
Stock Market LIVE Updates | IndusInd, GMR Infra, NTPC among top movers in morning trade
Price as on 09.20.50 AM, Click on company names for their live prices.
Sensex Today | Opening Bell: Sensex flat, Nifty below 24,400; IndusInd tanks 10%, ITC rises 2%
Sensex Today | Stock Market LIVE Updates: Sensex rises 120 points, Nifty above 24,400 in pre-open session
Sensex Today | Stock Market LIVE Updates: At multi-year highs: These 5 stocks witness 5-year swing high breakout
From the NSE list of stocks with a market capitalization of over Rs 1,000 crore, we’ve compiled a list of five stocks that reached a 5-year high at the close on October 24, indicating bullish momentum in these counters.
Sensex Today | Stock Market LIVE Updates: RIL 1:1 bonus share issue record date on Monday. Last chance to buy today
Describing it as an ‘early Diwali gift,’ Mukesh Ambani-owned Reliance Industries approved a 1:1 bonus share issue earlier in September, with the record date subsequently set for October 28.
Sensex Today | Stock Market LIVE Updates: Shares of Godrej Consumer Products in focus on 13% YoY Q2 PAT growth
Godrej Consumer Products, a leading FMCG company, is expected to stay in focus on Friday after reporting a 13% year-on-year increase in consolidated net profit to Rs 491.31 crore for the September quarter, driven by volume growth in both the domestic market and Indonesia.
Sensex Today | Stock Market LIVE Updates: JSW Steel shares in focus ahead of Q2 earnings today
JSW Steel shares are likely to be in the spotlight on Friday as the company prepares to release its September quarter earnings. Analysts expect a year-on-year revenue decline of 2% to 8.5%, driven by lower realizations and reduced volumes. According to brokerage estimates, the revenue is projected to fall within the range of Rs 40,010 crore to Rs 43,700 crore.
Sensex Today | Stock Market LIVE Updates: IndiGo shares in focus ahead of Q2 results today
IndiGo’s shares are expected to be in the spotlight today as the airline is set to announce its second-quarter results on Friday. The company is anticipated to report weak performance, with projections indicating a return to losses for the July-September 2024 period.
Sensex Today | Stock Market LIVE Updates: Q2 results today: Coal India, IndiGo among 149 companies to announce earnings on Friday
The second-quarter earnings season is in progress, with 149 companies set to release their financial results for the July-September 2024 period today. Key companies to watch include Coal India, JSW Steel, Bharat Electronics, IndiGo, BPCL, Bank of Baroda, HPCL, and IDBI Bank.
Sensex Today | Stock Market LIVE Updates: Big movers on D-Street: What should investors do with ITC, ACC and Adani Wilmar?
Benchmark indices Sensex and Nifty declined on Thursday, marking their fourth consecutive day of losses, driven by disappointing earnings reports and continued foreign institutional investor (FII) outflows.
Among the stocks in focus, ITC dropped 2%, ACC gained 0.2%, and Adani Wilmar surged nearly 6% on Thursday.
Sensex Today | Stock Market LIVE Updates | Stocks in news: Coal India, JSW Steel, ITC, IndiGo, Shriram Properties
Domestic markets stayed muted on weekly expiry day, closing mostly unchanged amid mixed signals. In today’s trading, shares of Coal India, JSW Steel, ITC, IndiGo, and Shriram Properties will be in the spotlight due to various news updates and second-quarter results.
Stock Market LIVE Updates | Nasdaq, S&P end higher as Tesla jumps, yields pull back
The Nasdaq and the S&P 500 gained on Thursday, driven by Tesla’s positive earnings forecast and a decline in Treasury yields from a three-month high, which buoyed market sentiment despite declines from some corporate results.
Shares of Tesla soared 21.9%, with the EV-maker set to add more than $140 billion to its market capitalization, after it reported robust third-quarter profits and surprised investors with a prediction of 20% to 30% sales growth next year.
Stock Market LIVE Updates | GIFT Nifty signals a muted start
GIFT Nifty on the NSE IX traded lower by 1.5 points, or 0.01 per cent, at 24,460.50, signaling that Dalal Street was headed for muted start on Friday.
Stock Market LIVE Updates | Oil heads for weekly gain as Middle East tensions keep traders on edge
Oil prices rose on Friday and are on track for a weekly gain of more than 1%, as tensions in the world’s top oil-producing region, the Middle East, and a restart in Gaza ceasefire talks in the coming days kept traders on edge.
Brent crude futures climbed 45 cents, or 0.6%, to $74.83 a barrel by 0036 GMT while U.S. West Texas Intermediate crude was at $70.62 a barrel, up 43 cents, or 0.6%.
Stock Market LIVE Updates | D-Street Recap
Indian benchmark equity indices fell for the fourth consecutive session on Thursday, with Hindustan Unilever’s disappointing profit report due to weakened urban demand impacting consumer stocks. Continued foreign outflows further dampened market sentiment.
The NSE Nifty50 decreased by 0.15% to 24,399 points, while the BSE Sensex dropped 0.02% to 80,065. The Nifty 50 has lost around 2% this week and is down 7.15% since reaching a record high on September 27.
Stock Market LIVE Updates | Forex News
- The euro was little changed at $1.0822
- The Japanese yen was little changed at 151.98 per dollar
- The offshore yuan was little changed at 7.1241 per dollar
Stock Market LIVE Updates | Global Markets Check
- S&P 500 futures were little changed as of 9:48 a.m. Tokyo time
- Japan’s Topix fell 0.8%
- Australia’s S&P/ASX 200 rose 0.4%
- Euro Stoxx 50 futures fell 0.2%
