21 Oct 2024 | 12:49:20 PM IST
Synopsis
Sensex Today | Stock Market LIVE Updates | Indian benchmark equity indices slipped after initially opening higher on Monday, influenced by mixed global cues. The downturn was primarily driven by Kotak Mahindra Bank, which reported weaker-than-expected quarterly earnings, along with a decline in IT stocks.
Highlights of trade:
- Waaree Energies IPO Fully Subscribed
- India VIX gains 6%
- Waaree Energies IPO opens for subscription
- Kotak Mahindra Bank shares fall 6% post Q2 earnings
- HDFC Bank shares jump 3% on Q2 beat, IPO nod
- JM Fin shares rise 5% as RBI lifts restrictions on co’s unit
- Tech Mahindra shares rise 3% post Q2 show
- Sensex opens 500 points higher, Nifty above 24,950
Market view by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
With the US markets setting new record highs, the global stock market rally appears intact. The steady decline in crude and stability in the US bond yields impart resilience to the stock market despite the lingering tensions in the Middle East.
The hope raised by the Chinese stimulus and the cheap valuations of Chinese stocks have the potential to sustain the -Sell India, Buy China- tactical trade for some more time.
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Sensex Today | Stock Market LIVE Updates: Top Nifty losers
Sensex Today | Stock Market LIVE Updates: Broader indices under pressure
Sensex Today | Stock Market LIVE Updates: India VIX shoots up over 7%
Sensex Today | Stock Market LIVE Updates: Nifty FMCG & Nifty Metal down over 1%; top losers at this hour
Price as on 12.42.20 PM, Click on company names for their live prices.
Sensex Today | Tech Mahindra, Oberoi Realty among 5 stocks with long buildup
A long buildup occurs when both open interest and trading volume increase alongside rising stock prices, signaling bullish sentiment.
Price as on 12.34.13 PM, Click on company names for their live prices.
Sensex Today | What to do with Bajaj Auto, DMart, Manappuram Finance and 3 other stocks? Aamar Deo of Angel One decodes
- Analysts predict market consolidation this week influenced by quarterly earnings, FII flows, and geopolitical factors.
- Key movers include Bajaj Auto, Avenue Supermarts, and Adani Green Energy, among others.
Price as on 12.35.04 PM, Click on company names for their live prices.
Stock Market LIVE Updates | Manappuram Finance shares down 17% in 2 days. What brokerages say
- Manappuram Finance shares fell 17% following RBI restrictions on its subsidiary, Asirvad Micro Finance.
- Brokerages downgraded the stock, with Morgan Stanley reducing its target to Rs 170.
- While BofA maintained a Buy rating with a target of Rs 220.
Price as on 12.20.02 PM, Click on company names for their live prices.
Stock Market LIVE Updates | Bitcoin jumps above $69,000, reaching 3-month high as Trump’s election odds increase
- Bitcoin surpassed $69,000, reaching a three-month high amid rising optimism linked to the upcoming U.S. presidential election, where polls favor former President Trump’s potential victory.
- As of 11:45 AM IST, BTC traded at $69,045, with Ethereum at $2,732.
Market LIVE Updates | Waaree Energies IPO Fully Subscribed
- Total: 1.05 times
- Employee Reserved: 0.55 times
- Retail Individual Investors (RIIs): 1.23 times
- Non Institutional Investors(NIIS): 2.07 times
- Qualified Institutional Buyers (QIBs): 0.00 times
Sensex Today | Oberoi Realty shares rise 3%
Oberoi Realty has sold luxury homes worth Rs 1,348 crore in its newly launched 75-acre residential project in Thane, part of the Mumbai Metropolitan Region. The company launched the project, named ‘Oberoi Garden City Thane,’ on October 18 and will be developing and marketing it in phases.
Price as on 11.48.54 AM, Click on company names for their live prices.
Market LIVE Updates | Smallcap stocks bleed; IndiaMart, RBL Bank, Manappuram, Zee Ent among top laggards
Price as on 11.45.32 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Broader market indices trade under presure
Stock Market LIVE Updates | Sensex falls 200 pts, Nifty below 24,800
Sensex Today | Jaro Education files draft papers with Sebi to mobilise Rs 570 crore via IPO
Jaro Institute of Technology Management and Research (Jaro Education) has filed its preliminary papers with Sebi for an initial public offering of Rs 570 crore, a statement said on Monday.
The initial public offering (IPO) comprises a fresh issue of shares worth up to Rs 170 crore and an Offer for Sale (OFS) of shares worth up to Rs 400 crore, Jaro Education said in the statement.
Stock Market LIVE Updates | Q2 Results Today
- 360 One WAM
- Bajaj Housing Finance
- CG Power and Industrial Solutions
- City Union Bank
- Cyient DLM
- Gravita India
- HFCL
- Indbank Merchant Banking Services
- Jana Small Finance Bank
- Mahindra Logistics
- Maharashtra Scooters
- Nelco
- PMC Fincorp
- Rajratan Global Wire
- Route Mobile
- Supreme Petrochem
- Surana Solar
- Swaraj Engines
- Tips Films
- Ultratech Cement
- Union Bank of India
Gold hits fresh high in record-setting rally amid global uncertainties
Gold rose to a fresh high on Monday, extending its blazing rally amid uncertainties surrounding the U.S. election, simmering Middle East tensions and rate cuts by major central banks, while silver scaled a near 12-year peak.
Spot gold was up 0.3% at $2,727.95 per ounce, as of 0517 GMT, after hitting an all-time high of $2,732.73 earlier. U.S. gold futures were 0.5% higher at $2,743.00.
Stock Market LIVE Updates | Tata Chemicals shares surge 10%
- 54.67% decline in consolidated net profit to Rs 194 crore for Q2 FY25.
- Revenue remained flat at Rs 3,999 crore.
- EBITDA dropped 24.5% to Rs 618 crore, with a margin of 15.5%
- The company saw improved performance due to higher sales volume and soda ash realization.
Price as on 11.20.11 AM, Click on company names for their live prices.
Sensex Today | Ola Electric Mobility extends losses, drops over 3%
Price as on 11.16.55 AM, Click on company names for their live prices.
Sensex Today | Mach Conferences & Events secures prestigious NICHE event in France; work order is worth Rs 6 crore
Price as on 11.20.55 AM, Click on company names for their live prices.
Sensex Today | Godrej Properties acquires 3-acre land in Ahmedabad to build housing project worth Rs 1,300 cr
Price as on 11.07.15 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Hindustan Zinc shares rise post Q2 show
The company reported a 35% YoY increase in its consolidated net profit for the September quarter, reaching Rs 2,327 crore, compared to Rs 1,729 crore.
Revenue from operations for the quarter was Rs 8,004 crore, marking a 21% rise from Rs 6,619 crore in the corresponding quarter of the previous financial year.
Price as on 11.00.35 AM, Click on company names for their live prices.
Hyundai IPO listing tomorrow, GMP surges to 5% over issue price
In a notable turnaround, the grey market premium (GMP) for Hyundai’s IPO has surged to 5%, rebounding from a previous dip of -3%. This sharp increase in GMP indicates a rise in investor sentiment regarding the upcoming IPO, suggesting a potential positive listing.
Market LIVE Updates | Volatility index, India VIX gains 6%
Market LIVE Updates | $10 billion sale! FII selling breaks all records. Is it just about China?
The festive month of October has seen the worst-ever selling by foreign institutional investors (FIIs), who have withdrawn nearly $10 billion from the Indian stock market. This surpasses the $7.9 billion sold during the Covid-led market crash in March 2020.
Stock Market LIVE Updates | PNC Infratech shares hit 20% lower circuit
The Ministry of Road Transport and Highways has disqualified PNC Infratech Limited. PNC Khajuraho Highways Private Ltd and PNC Bundelkhand Highways Private Limited from participating in any tender process of the Ministry for a period of one 1 year with effect from October 18, 2024.
Stock Market LIVE Updates | UCO Bank shares jump over 3%
- 50% YoY jump in net profit to Rs 603 crore in Q2
- Total income increased to Rs 7,071 cr in Q2 vs Rs 5,866 cr last year
- Bank plans to raise Rs 2,000 cr via QIP in Q3
- Recovered Rs 414 crore worth bad loans from 26 accounts
Price as on 10.36.19 AM, Click on company names for their live prices.
Market LIVE Updates |Tejas Network shares soar over 13% after announcing Q2 nos
- Consolidated PAT at Rs 275 cr
- Consolidated total revenue at Rs 2,811 cr
Stock Market LIVE Updates | Manappuram Finance extends losses, shares down 3%
The RBI’s lending restrictions on the company’s unit triggered rating downgrades due to concerns over a potential hit to earnings.
The Reserve Bank of India (RBI) on Thursday barred four non-bank finance companies (NBFCs), including Manappuram’s unit Asirvad Micro Finance, from sanctioning and disbursing loans due to “usurious” pricing and for charging a significant mark-up over their funding costs.
Price as on 10.25.48 AM, Click on company names for their live prices.
Sensex Today | Brokerage Take: Nuvama on Indiamart Intermesh
Nuvama has downgraded IndiaMart’s rating from “hold” to “reduce,” while lowering the target price to Rs 2,500, down from Rs 3,070.
The company’s collection growth has sharply slowed to 5% year-on-year, down from 14% in Q1 FY25, and is expected to remain in low double digits, which may negatively impact revenue growth moving forward. Although margins have improved due to reduced marketing expenses, there is an increasing risk of further underperformance in growth. The only positive note was a 14% year-on-year increase in unique business inquiries.
Market LIVE Updates | Nifty FMCG drops over 1%; Tata Consumer, Varun Beverages among top losers
Price as on 10.18.23 AM, Click on company names for their live prices.
Sensex Today | Indiamart Intermesh shares plunge 16%
Waaree Energies IPO opens for subscription
The initial public offering (IPO) of Waaree Energies has opened for subscription today. The offering includes a fresh equity sale of Rs 3,600 crore and an offer for sale (OFS) of 48 lakh shares, set to close on October 23.
Before the IPO opened, the company raised Rs 1,277 crore from 92 anchor investors.
Sensex Today | Tata Steel signs contract with Italy-based Tenova for an electric arc furnace at its Port Talbot plant in Wales.
Price as on 10.03.09 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Kotak Mahindra Bank shares fall 6% post Q2 earnings
The company reported a 5% year-on-year (YoY) increase in its standalone profit after tax (PAT) for the quarter ended September 2024, reaching Rs 3,344 crore.
For Q2 FY25, the bank’s net interest income (NII) rose by 11% YoY to Rs 7,020 crore, up from Rs 6,297 crore in the same quarter of the previous financial year.
Price as on 09.59.18 AM, Click on company names for their live prices.
Sensex Today | GRSE stock rises 5% after securing defence contract of Rs 491 crore
The company’s receipt of a Letter of Intent from the Naval Physical & Oceanographic Laboratory (NPOL), which is part of the Ministry of Defence’s DRDO.
Price as on 09.54.15 AM, Click on company names for their live prices.
Sensex Today | Sensex falls over 700 pts lower from day’s high; Bharti Airtel, Kotak Bank among top drags
Price as on 09.50.18 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Nifty tests 24,800 mark
Market LIVE Updates | Sharp Drop! Sensex erases all gains, turns negative
Stock Market LIVE Updates | HDFC Bank shares jump 3% on Q2 beat, IPO nod
Shares of HDFC Bank rose by 3% to Rs 1,734 on the BSE on Monday, following the bank’s solid Q2 performance, which featured a 5.3% year-on-year (YoY) growth in profit after tax, surpassing market expectations.
Additionally, HDFC Bank’s board approved the launch of an IPO for its NBFC subsidiary, HDB Financial Services, aiming to raise Rs 12,500 crore (including an offer for sale of Rs 10,000 crore) to comply with regulatory guidelines, which is expected to unlock value for shareholders.
Price as on 09.56.37 AM, Click on company names for their live prices.
Stock Market LIVE Updates | JM Financial shares rise 5% as RBI lifts restrictions on co’s unit
The company announced on Friday that the Reserve Bank of India has lifted the restrictions on its subsidiary, JM Financial Products Ltd, which had previously barred it from engaging in any business related to funding for shares and bonds due to regulatory violations and governance concerns.
Price as on 09.29.21 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Tech Mahindra shares rise 3% post Q2 show
The company reported a year-on-year (YoY) profit increase of 153.1%, reaching Rs 1,250 crore for the second quarter, while revenue grew by 3.5% YoY to Rs 13,313 crore.
On a sequential basis, profit and revenue rose by 46.81% and 2.36%, respectively.
Price as on 09.24.41 AM, Click on company names for their live prices.
Forex News | Rupee rises in early trade
Rupee gains 1 paisa to 84.06 against US dollar in early trade.
Stock Market LIVE Updates | JM Financial, Zee Ent, RBL Bank among top movers in morning trade
Price as on 09.22.07 AM, Click on company names for their live prices.
Opening Bell: Sensex surges 500 points, Nifty above 24,950; TechM, HDFC Bank rise 3% each
Sensex Today | Stock Market LIVE Updates: Sensex rises 545 points, Nifty above 24,950 in pre-open session
Sensex Today | Stock Market LIVE Updates: At multi-year highs: These 3 stocks witnessed 5-year swing high breakouts
From the NSE list of stocks with a market capitalization exceeding ₹10,000 crore, we’ve compiled three stocks that reached a 5-year high at the close on October 21, indicating bullish momentum, based on technical scan data from stockedge.com.
Sensex Today | Stock Market LIVE Updates: JM Financial shares in spotlight after RBI lifts restrictions on co’s non-banking unit
Shares of JM Financial are expected to be in focus on Monday after the company announced on Friday that the Reserve Bank of India has lifted the restrictions on its subsidiary, JM Financial Products Ltd. The subsidiary had been prohibited from engaging in business related to funding for shares and bonds due to regulatory violations and governance issues.
Sensex Today | Stock Market LIVE Updates: Tech Mahindra shares likely in focus after reporting 153% YoY jump in Q2 PAT
Shares of IT services firm Tech Mahindra are expected to be in focus today after the company reported a 153.1% year-on-year (YoY) increase in Q2 profit, reaching ₹1,250 crore, while its revenue grew by 3.5% YoY to ₹13,313 crore for the same period.
Sensex Today | Stock Market LIVE Updates: Reliance Infra shares in spotlight as Rs 6,000 crore fundraising plan gets shareholders’ nod
Reliance Infrastructure shares will be in focus on Monday after shareholders approved the company’s plan to raise ₹6,000 crore through a preferential share issue and qualified institutional placement (QIP).
Sensex Today | Stock Market LIVE Updates: Kotak Bank shares in focus after Q2 profit rises 5% YoY
Kotak Bank shares are expected to be in the spotlight in today’s trading session after the private sector lender reported a 5% year-on-year (YoY) increase in Q2 profit, reaching ₹3,344 crore.
Sensex Today | Stock Market LIVE Updates: Recent acquisitions help shore up Tata Consumer revenue
Tata Consumer Products’ (TCPL) performance in the September quarter reinforces the company’s recent acquisitions of Capital Foods and Organic India, as its core business faces challenges like subdued consumer demand and growing competition.
Sensex Today | Stock Market LIVE Updates: Low debt, backward integration plans make Waaree a long-term opportunity
Waaree Energies, India’s largest manufacturer of solar photovoltaic (PV) modules, aims to raise ₹3,600 crore through fresh equity to help finance a new manufacturing facility, along with up to ₹721 crore via an offer for sale. Following the IPO, the promoter group’s stake will decrease from 71.8% to 64.3%.
Sensex Today | Stock Market LIVE Updates: FPIs pull out Rs 23,274 crore from financial services in 15 days
The financial services sector was hit hardest by foreign selling, with investors withdrawing ₹23,274 crore from these stocks after buying a similar amount in September. From January to September, foreign investors sold ₹37,732 crore in the sector.
Sensex Today | Stock Market LIVE Updates: Q2 results today: Holding 25,000 can take Nifty higher: Analysts
Most technical indicators, such as the relative strength index, the 100-day exponential moving average, and the FII long-short ratio, indicate that a short-term bottom has likely been established.
Sensex Today | Stock Market LIVE Updates: Q2 results today: Bajaj Housing, 360 One Wam among 45 companies to announce earnings on Monday
The second-quarter earnings season is in progress, with 45 companies set to release their financial results for the July-September 2024 period. Key reports include those from Bajaj Housing and 360 One Wam.
Sensex Today | Stock Market LIVE Updates: Big movers on D-Street: What should investors do with Jio Financial, Tata Consumer and ZEE?
Domestic indices Sensex and Nifty rebounded on Friday after a three-day decline, driven by strong buying in banking stocks and positive global market trends.
Among the notable movers, Jio Financial rose by 0.14%, Tata Consumer increased by 0.6%, and ZEE saw a significant jump of 3.8% in its share price.
China stocks open firmer, rates cut as expected; HK stocks down
China stocks opened higher on Monday, after Beijing cut the benchmark lending rates as expected, while Hong Kong stocks edged down.
The blue-chip CSI300 Index edged up 0.6% at the market open, while the Shanghai Composite Index gained 0.4%. Hong Kong benchmark Hang Seng was down nearly 0.4%.
Stock Market LIVE Updates | Stocks in news: Bajaj Housing, HDFC Bank, Kotak Bank, Jio Financial, Tata Consumer
Domestic markets had a volatile session on Friday but managed to rise by nearly half a percent, providing a brief respite after recent declines. Today, shares of Bajaj Housing, HDFC Bank, Kotak Bank, Jio Financial, and Tata Consumer, among others, will be closely watched due to various news developments and second-quarter results.
Stock Market LIVE Updates | Oil prices steady after 7% weekly drop
Oil prices steadied in early trading on Monday, following a more than 7% drop last week on worries about demand in China, the world’s top oil importer, and an easing of concerns about potential supply disruptions in the Middle East.
Brent crude futures rose 8 cents, or 0.11%, to $73.14 a barrel by 0120 GMT. U.S. West Texas Intermediate crude futures gained 10 cents, or 0.14% to $69.32 a barrel.
Stock Market LIVE Updates | GIFT Nifty up 20 points
GIFT Nifty on the NSE IX traded higher by 22 points, or 0.09 per cent, at 24,927, signaling that Dalal Street was headed for positive start on Monday.
Stock Market LIVE Updates | D-Street Recap
Indian benchmark equity indices Sensex and Nifty50 snapped a three-day losing streak on Friday as gains in Axis Bank lifted heavyweight financials, although foreign fund outflows dragged down the benchmarks to a third weekly loss.
The Nifty 50 index closed 0.42% higher to 24,854 points, after hitting a two-month low earlier in the session, while the S&P BSE Sensex added 0.27% to 81,224.
Stock Market LIVE Updates | Forex News
- The euro was little changed at $1.0866
- The Japanese yen was little changed at 149.39 per dollar
- The offshore yuan was little changed at 7.1195 per dollar
Stock Market LIVE Updates | Global markets check
- S&P 500 futures rose 0.1% as of 10:01 a.m. Tokyo time
- Hang Seng futures fell 0.4%
- Nikkei 225 futures (OSE) were little changed
- Japan’s Topix was little changed
- Australia’s S&P/ASX 200 rose 0.6%
- Euro Stoxx 50 futures were little changed
