24 Oct 2024 | 08:52:46 AM IST
Synopsis
Sensex Today | Stock Market LIVE Updates | Equity markets fell for the third consecutive day on Wednesday, primarily driven by ongoing foreign capital outflows and mixed expectations for earnings.
Earnings Today: ITC, IndusInd Bank, Godrej Consumer, Adani Total, Adani Wilmar, ACC
Sensex Today | Stock Market LIVE Updates | Apart from the concern of continuous outflow of the foreign investors, the disappointment on the earnings front is largely weighing on the sentiment. We thus reiterate the sell on rise view in the Nifty index and suggest maintaining stock-specific trading approach citing the prevailing choppiness due to earnings, said Ajit Mishra – SVP, Research, Religare Broking.
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Sensex Today | Stock Market LIVE Updates: LTIM, LTTS among 6 stocks to trade ex-dividend tomorrow. Last day to buy
Shares of LTIMindtree (LTIM), L&T Technology Services (LTTS), and four other stocks are expected to be in focus today, as they have set October 25 as the record date to determine eligible shareholders for dividend payments.
Sensex Today | Stock Market LIVE Updates: Positive Breakout: These 3 stocks close cross above their 200 DMAs
On October 23, the closing prices of three stocks in the Nifty200 index moved above their 200-day moving averages (DMA).
Sensex Today | Stock Market LIVE Updates: TVS Motor shares in focus after Q2 earnings miss estimates
Shares of TVS Motor Company will be in focus during Thursday’s trading session after the company posted a quarterly profit that fell short of expectations, impacted by rising costs, despite stable demand.
Sensex Today | Stock Market LIVE Updates: Forget gold, go for silver to add lustre to your portfolio
Aggressive investors seeking portfolio diversification beyond equities and aiming to generate alpha might consider a small allocation to silver.
Following this year’s sharp price surge, with domestic prices reaching ₹1 lakh per kg, analysts suggest buying on dips over the next 1-3 months and allocating 3-5% of the portfolio to silver.
Sensex Today | Stock Market LIVE Updates: ITC shares in focus ahead of Q2 results today
Shares of diversified conglomerate ITC Ltd will be in the spotlight during Thursday’s trading as the company is set to announce its second-quarter results for the period ending September 2024.
Sensex Today | Stock Market LIVE Updates: Inflation worries trump lone vote to boost growth, highlights RBI MPC’s minutes
Nagesh Kumar, the incoming member of the monetary policy committee (MPC), argued for a rate cut during the early October review, citing a potential slowdown in key economic sectors and progress in the fight against inflation. However, the six-member panel voted 5:1 to maintain the status quo, despite a larger-than-expected rate reduction by the US in mid-September.
Sensex Today | Stock Market LIVE Updates: Goldman Sachs takes note of a slow turn in the India story
Global investment bank Goldman Sachs has downgraded India’s stock rating from ‘overweight’ to ‘neutral,’ citing slowing economic growth and weak corporate earnings. The report highlighted that high valuations and a less favorable environment could limit the near-term potential for Indian stocks. Goldman is the first foreign brokerage to downgrade Indian equities this year.
Sensex Today | Stock Market LIVE Updates: PSUs fizzle out over unrealistic valuations, sluggish earnings
Shares of public sector companies, once popular among retail investors over the past two years, have recently experienced a significant sell-off due to inflated valuations, weak earnings, and delays in order execution.
Sensex Today | Stock Market LIVE Updates: Big movers on D-Street: What should investors do with HUL, SBI Life and TVS Motor?
Extending its losing streak for a third consecutive day, the benchmark Sensex dropped 138 points on Wednesday in a volatile session as investors took profits amid ongoing FPI outflows.
Key stocks in focus included HUL, which fell 0.8%, SBI Life, which gained 0.8%, and TVS Motor, whose shares declined by nearly 3%.
Sensex Today | Stock Market LIVE Updates: Tesla surprises with sales forecast and cost efficiency, shares jump
Tesla CEO Elon Musk projected that vehicle sales will increase by 20% to 30% next year, offering reassurance to investors that the company is strengthening its core electric vehicle business while maintaining profitability. This eased concerns about the timeline for producing a robotaxi.
Stock Market LIVE Updates | Sluggish urban market to weigh on HUL, price hikes may help
FMCG leader HUL reported a disappointing performance for the quarter ending in September, with revenue growth of just 2%, a 3% increase in volumes, and a 4% decline in net profit. Adjusting for a one-time indirect tax impact from the previous year, net sales grew by 3%, while net profit remained flat, and operating margins showed no change.
Stock Market LIVE Updates | Stocks in news: ITC, Adani Wilmar, HUL, United Spirits, Adani Power
Domestic markets experienced volatility and closed slightly lower on Wednesday, pausing after Tuesday’s decline. In today’s trading, shares of ITC, Adani Wilmar, HUL, United Spirits, and Adani Power will attract attention due to various news developments and second-quarter results.
Stock Market LIVE Updates | GIFT Nifty up 30 pts
GIFT Nifty on the NSE IX traded higher by 29.5 points, or 0.12 per cent, at 24,518.50, signaling that Dalal Street was headed for positive start on Thursday.
Stock Market LIVE Updates | Oil prices edge higher, on track for 3% weekly gain
Oil prices edged higher on Thursday, recouping some of the more than 1% losses from the previous session after U.S. crude inventories rose much more than estimated.
Brent crude futures rose 44 cents, or 0.59% to $75.40 at 0003 GMT, while U.S. West Texas Intermediate crude futures climbed 45 cents, or 0.64%, to $71.22 as an exchange of heavy fire between Israel and Hezbollah continued to worry markets about supply.
Stock Market LIVE Updates | D-Street Recap
Indian benchmark equity indices dropped for the third consecutive session on Wednesday, as weak corporate earnings and ongoing foreign selling overshadowed early gains, including a rise in shares of non-bank lender Bajaj Finance.
The 30-share BSE Sensex fell by 138 points, or 0.17%, closing at 80,081, while the broader NSE Nifty decreased by 36 points, or 0.15%, finishing at 24,435. During the session, the Sensex reached an intraday high of 80,646.
Stock Market LIVE Updates | Forex News
- The euro was unchanged at $1.0782
- The Japanese yen was little changed at 152.69 per dollar
- The offshore yuan was little changed at 7.1331 per dollar
Stock Market LIVE Updates | Global Markets Check
- S&P 500 futures were little changed as of 9:08 a.m. Tokyo time
- Hang Seng futures fell 1%
- Japan’s Topix fell 1%
- Australia’s S&P/ASX 200 fell 0.2%
