23 Oct 2024 | 12:51:28 PM IST
Synopsis
Sensex Today | Stock Market LIVE Updates | After a brief dip at the opening, domestic equity indices Sensex and Nifty50 rallied on Wednesday, despite ongoing foreign outflows and lackluster earnings. The surge was primarily driven by major contributions from HDFC Bank and the Bajaj twins.
Earnings Today: HUL, Bajaj Finserv, SBI Life, TVS Motor
Highlights of trade:
- Nifty IT index rises 3%
- Godavari Biorefineries IPO opens for subscription
- Lakshya Powertech lists at 90% premium over IPO price
- Varun Beverages shares gain 3% as Q2 profit rises 22% YoY
- Coforge shares rally 7% post Q2 earnings show
- Bajaj Finance shares surge 4% after Q2 results.
- Paytm up 5%, receives NPCI nod to onboard new UPI users
- Persistent Systems up 6% on posting 23% YoY jump in Q2 PAT
Market view by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
The ongoing trend of largecaps outperforming mid and smallcaps is likely to sustain, going forward. FII selling and the countervailing trend of DII buying is likely to continue. This will impart strength to largecap financials, particularly banking stocks like HDFC, ICICI, Axis and Kotak which are fairly valued in this market with elevated valuations.
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Stock Market LIVE Updates: ICICI Bank, NTPC among 5 stocks with short buildup
Price as on 12.51.26 PM, Click on company names for their live prices.
Stock Market LIVE Updates | Top losers from Nifty Bank index in afternoon trade
Price as on 12.48.18 PM, Click on company names for their live prices.
Stock Market LIVE Updates | Nifty Bank falls over 350 points from its day high
Sensex Today | Godrej Properties Q2 Results; stock rises 1%
- Total Income grew by 135% to Rs 1,343 crore as compared to Rs 571 crore
- EBITDA grew by 69% to Rs 282 crore as compared to Rs 167 crore
- Net Profit grew by 402% to Rs 335 crore as compared to Rs 67 crore
- EPS amounted to Rs 12.06 as compared to Rs 2.40
Price as on 12.42.52 PM, Click on company names for their live prices.
Stock Market LIVE Updates | Japan’s Nikkei slips on caution ahead of election
Japan’s Nikkei share average fell for a third straight session on Wednesday as caution ahead of the country’s upcoming lower house election results overshadowed any boost from a weaker yen.
The Nikkei closed 0.8% lower at 38,104.86, while the broader Topix slid 0.55% to 2,636.96.
Stock Market LIVE Updates | Persistent System, Coforge, PNC Infratech among top gainers & losers at this hour
Price as on 12.31.02 PM, Click on company names for their live prices.
Sensex Today | CAMS shares gain 3% as it expands its presence in GIFT City, Gujarat, inaugurating the second office.
Price as on 12.23.26 PM, Click on company names for their live prices.
Sensex Today | Stick to top quality stocks; best returns to come from these 4 sectors: Gautam Shah
Markets may be oversold, with only 2-4% downside expected.
Focus on largecaps and high-quality midcaps.
Best returns predicted from metals, IT, pharma, and select financial services stocks.
Sensex Today | Stock Market LIVE Updates | Persistent Systems, MCX among 5 stocks with long buildup
Price as on 12.14.05 PM, Click on company names for their live prices.
Stock Market LIVE Updates | Hyundai Motor India shares jump 6% a day after dull debut
- Hyundai Motor India shares rose nearly 6% to Rs 1,928 after a weak debut.
- The Rs 27,870 crore IPO was oversubscribed 2.3 times, with full subscription on the last day.
- Entire issue was an offer for sale (OFS) by Hyundai Motor Global.
- Nomura initiated coverage with a ‘Buy’ rating, target price of Rs 2,472.
Price as on 12.09.47 PM, Click on company names for their live prices.
Sensex Today | FIIs hike stake in 8 out of 10 IT stocks to play Fed rate cut cycle but retail investors left behind
While the Q2 results season may not be particularly thrilling for investors, foreign institutional investors (FIIs) have increased their stakes in 8 out of the top 10 tech companies in India, likely in anticipation of a rate cut cycle in the US.
Stock Market LIVE Updates | Govt to review scrapping windfall tax on crude
Price as on 11.58.28 AM, Click on company names for their live prices.
Market LIVE Updates | Sectoral Snapshot
- All sectors barring pvt banks trade in green
- Nifty IT gains 3%
- media sector rises 1%
- Auto and metal indices gain
Sensex Today | Hindustan Zinc shares surge 4% amid rising silver prices
Shares of Hindustan Zinc, promoted by Vedanta, rose 4% to ₹535 during Wednesday’s trading on the BSE after silver prices hit the ₹1 lakh per kg mark in Delhi-NCR’s bullion markets on Tuesday. Hindustan Zinc is India’s largest producer of silver and refined silver.
Price as on 11.47.30 AM, Click on company names for their live prices.
Market LIVE Updates | Waaree Energies IPO subscribed 12 times so far on Day 3. Check GMP, other key details
Continuing the strong demand seen in the first two days, the initial public offering (IPO) of Waaree Energies has been subscribed 12.05 times as of the last day of the bidding process, with non-institutional investors driving much of the demand.
Market LIVE Updates | Sensex jumps 350 pts to trade at 80,570; Nifty50 up 112 pts at 24,584
Sensex Today | Zomato shares rise 2% as it hikes platform fee on food delivery to Rs 10 during festive season
Price as on 11.26.08 AM, Click on company names for their live prices.
Sensex Today | Dodla Dairy Q2 Results; stock up 3%
- Consolidated net profit at Rs 63.38 cr
- Consolidated revenue from operations at Rs 998 cr
- Dividend declared of Rs 3 per share.
Price as on 11.23.18 AM, Click on company names for their live prices.
Sensex Today | Hyundai Motor India shares rise 3% a day after listing on the exchanges
Price as on 11.19.44 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Goldiam International shares gain as co signs leave, license agreement of 3rd flagship location
Price as on 11.16.35 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Rulka Electricals gets order worth Rs 2.48 crore
Price as on 11.16.35 AM, Click on company names for their live prices.
Sensex Today | Olectra Greentech shares up 6% after Q2 net profit soars 156% YoY
Olectra Greentech shares rose nearly 6% after reporting a 156.4% YoY net profit increase to Rs 47.7 crore and a 70.5% revenue surge to Rs 523.7 crore for Q2 FY25.
Price as on 11.12.24 AM, Click on company names for their live prices.
Market LIVE Updates | Waaree Energies IPO Day 3: Subscription status
- Total: 11.78 times
- Employee Reserved: 3.52 times
- Retail Individual Investors (RIIs): 7.47 times
- Non Institutional Investors(NIIS): 35.81 times
- Qualified Institutional Buyers (QIBs): 1.79 times
Sensex Today | Ambey Laboratories approves raising of funds of up to Rs 3.1 cr
Price as on 11.02.35 AM, Click on company names for their live prices.
Market LIVE Updates | Sensex jumps 180 pts at 80,401 in a volatile trade; Nifty above 24,500
Sensex Today | Zydus Lifesciences shares rise as WHO prequalifies co’s Typhoid Vi Conjugate Vaccine
Price as on 10.52.19 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Can Fin Homes shares gain 5% post Q2 results
Shares of mortgage lender Can Fin Homes surged nearly 6% to Rs 879.9 during Wednesday’s trading on the BSE after the company reported a 33.8% year-on-year increase in net profit, reaching Rs 211.5 crore for the second quarter ending September 30, 2024.
In the same quarter of the previous fiscal year, the company posted a net profit of ₹158.1 crore.
Price as on 10.44.39 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Railtel Corp receives work order of Rs 36.78 cr
Price as on 10.42.50 AM, Click on company names for their live prices.
Stock Market LIVE Updates | SRF shares gain 4% post Q2 results
- Net PAT is Rs 201 cr; estimate is Rs 293 cr
- Cons total revenue from operations at Rs 3,424 cr; estimate at Rs 3,517 cr
- Approved the setting up of new facilities to manufacture fourth-generation refrigerants at Dahej.
- Establishing new facilities in Dahej or another location at an expected cost of Rs 1,100 cr.
- Has received board approval for its capital expenditure proposal.
Price as on 10.36.51 AM, Click on company names for their live prices.
Market LIVE Updates | BHEL Large Trade: 1.8 cr shares (0.5% equity) change hands at an average of Rs 227/share
Price as on 10.32.45 AM, Click on company names for their live prices.
Market LIVE Updates | IDFC First Bank, IndusInd Bank among stocks that hit 52-week low today
Stock Market LIVE Updates | 3 Bajaj Group stocks among top Nifty 50 gainers at this hour
Price as on 10.24.14 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Reliance Infra In Focus; stock up 4%
Reliance Infrastructure said on Tuesday it will invest 100 billion rupees ($1.19 billion) over the next ten years on a project to produce explosives, ammunition and small arms.
Price as on 10.21.08 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Nifty IT index gains 1%; Persistent, Coforge among top winners
Price as on 10.26.44 AM, Click on company names for their live prices.
Sensex Today | Adani Energy shares drop on Sebi notice for alleged misclassification of shareholding
Price as on 10.15.59 AM, Click on company names for their live prices.
Stock Market LIVE Updates | JSW Energy inks pact with SECI for 700 MW solar project
Price as on 10.13.07 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Jio Financial in talks with Allianz for insurance partnership: Bloomberg News
Price as on 10.10.42 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Zomato shares in post Q2 results
The company’s profit for the second quarter fell short of market expectations. Although Zomato reported a substantial year-on-year increase of nearly 389% in profit, reaching ₹176 crore, analysts had projected a profit after tax (PAT) of around ₹260 crore, according to an ET Now Poll. Most brokerages, however, maintained their buy ratings on the stock.
Price as on 10.08.41 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Godavari Biorefineries IPO opens for subscription
The initial public offer (IPO) of Godavari Biorefineries is now open for subscription, running until October 25. The IPO comprises a fresh issue valued at ₹325 crore, along with an offer-for-sale (OFS) of up to 6.53 million shares from existing shareholders and promoters.
Stock Market LIVE Updates | Lakshya Powertech shares list at 90% premium over IPO price on NSE SME platform
Shares of Lakshya Powertech made a strong debut on the NSE SME platform, opening at ₹342, which is a 90% premium over the issue price of ₹180. The net proceeds from the public offer will be allocated for debt repayment, working capital needs, and general corporate purposes.
Sensex Today | Here’s how HUL, Bajaj Finserv, SBI Life and TVS Motor are faring ahead of Q2 show
Price as on 09.57.11 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Bank, financial stocks pull Sensex in green
Sensex rises 170 pts at 80,400; Nifty up 40 pts at 24,500
Stock Market LIVE Updates | Varun Beverages shares gain 3% as Q2 profit rises 22% YoY
The company reported a net profit of Rs 628.83 crore for the second quarter ending September 2024, reflecting a 22.3% year-on-year increase from Rs 514 crore in the same period last year.
Additionally, net profit for the nine months ending September 2024 rose by 24.5%.
Price as on 09.50.34 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Coforge shares rally 7% post Q2 earnings show
The company reported a profit after tax of Rs 233.6 crore for the second quarter ending September 2024, marking a 24.3% year-on-year increase from the same quarter last year, when it was Rs 187.9 crore in Q2 FY25.
Revenue for the quarter was Rs 3,062.3 crore, reflecting a 26.3% quarter-on-quarter rise and a 33% year-on-year increase in constant currency (CC) terms.
Price as on 09.44.24 AM, Click on company names for their live prices.
Sensex Today | Market view by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
The ongoing trend of largecaps outperforming mid and smallcaps is likely to sustain, going forward. FII selling and the countervailing trend of DII buying is likely to continue. This will impart strength to largecap financials, particularly banking stocks like HDFC, ICICI, Axis and Kotak which are fairly valued in this market with elevated valuations.
Investors need not rush to buy the beaten down mid and smallcaps since there is more pain left in this segment where valuations continue to remain very high. There can be individual cases of sharp rebounds in this segment. Zomato’s Q2 results indicate continuing acceleration in revenue and profitability. This is a stock to watch.
In the coming days the market will be looking forward to the outcome of the US presidential elections and its possible impact on the market.
stock Market LIVE Updates | Paytm shares rally over 3% on receiving NPCI nod to onboard new UPI users
Shares of One 97 Communications, the parent company of Paytm, surged 5% to an intraday high of ₹722.50 on the BSE after the National Payments Corporation of India (NPCI) approved the company to onboard new UPI users, provided it complies with all procedural guidelines and circulars.
Price as on 09.35.42 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Persistent Systems shares rally 6% after reporting 23% YoY jump in Q2 PAT
The company announced its Q2 results, revealing a 23.4% year-on-year increase in profit after tax (PAT), reaching Rs 325 crore. Additionally, its revenue grew by 20% year-on-year, totaling Rs 2,897.15 crore.
Price as on 09.32.54 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Sensex erases early gains, trades flat
Sensex Today | Bajaj Finance shares rise 3% as Q2 profit rise
The company reported a 13% jump in its net profit for the quarter ended September 2024 to Rs 4,000 crore compared to Rs 3,551 crore posted in the year-ago period. It was below the Street estimates of Rs 4,070 crore.
The revenue from operations for the reported quarter stood at Rs 17,090 crore, up 28% over Rs 13,382 crore posted in the corresponding quarter of the previous financial year.
Price as on 09.29.33 AM, Click on company names for their live prices.
Forex News | Rupee rises in early trade
Rupee gains 1 paisa to 84.07 against US dollar
Stock Market LIVE Updates | SAIL, NHPC among top movers in morning trade
Price as on 09.23.29 AM, Click on company names for their live prices.
Opening Bell: Sensex rises 200 pts, Nifty above 24,500; Bajaj Finance gains 4%, Persistent 3%
Sensex Today | Stock Market LIVE Updates: Sensex falls 300 points, Nifty below 24,400 in pre-open session
Sensex Today | Stock Market LIVE Updates: Indus Towers shares in focus after Bharti Airtel gets CCI nod to raise stake in co
Indus Towers shares are expected to be in focus on Wednesday after the Competition Commission of India (CCI) approved Bharti Airtel’s plan to increase its stake in the company, following Indus Towers’ share buyback.
Sensex Today | Stock Market LIVE Updates: Bajaj Finserv shares in focus ahead of Q2FY25 earnings today
Bajaj Finserv shares are expected to stay in focus on Wednesday as the company is set to announce its earnings for the September quarter later today.
Sensex Today | Stock Market LIVE Updates: Goldman Sachs cuts Indian stocks to neutral on slowing growth
Goldman Sachs Group Inc. has tactically downgraded Indian equities to neutral from overweight, citing concerns that slowing economic growth is impacting the outlook for corporate earnings.
Sensex Today | Stock Market LIVE Updates: SBI Life shares in focus ahead of Q2 results today
SBI Life shares are expected to be in focus during Wednesday’s trade, as the insurer is set to release its quarterly results for the July-September 2024 period later today.
Sensex Today | Stock Market LIVE Updates: At multi-year highs: These 3 stocks witness 5-year swing high breakout
From the NSE list of stocks with a market capitalization of over ₹250 crore, we have compiled a list of three stocks that reached a 5-year high at the close on October 22, indicating bullish momentum in these counters.
Sensex Today | Stock Market LIVE Updates: ECB policymakers increasingly worried over too-low inflation
On Tuesday, European Central Bank policymakers united in expressing concerns about the risk of inflation dropping below the bank’s 2% target, indicating a shift in focus after years of dealing with excessive price increases.
Sensex Today | Stock Market LIVE Updates: Tokyo Metro shares jump a third in market debut
Tokyo Metro shares surged 36% during their market debut in Tokyo on Wednesday, following a highly successful initial public offering that attracted strong investor interest.
Sensex Today | Stock Market LIVE Updates: Zomato shares in focus after Q2 profit misses estimates
Zomato shares are expected to be in focus after the company’s second-quarter profit fell short of market expectations. Although net profit surged nearly 389% year-on-year to ₹176 crore, an ET Now poll had projected a profit of around ₹260 crore.
Sensex Today | Stock Market LIVE Updates: Adani Green Energy shares in focus after company reports 39% YoY jump in Q2 net profit
Adani Green Energy shares are likely to be in the spotlight on Tuesday after the company reported a 39% increase in consolidated net profit for the September 2024 quarter, reaching ₹515 crore, compared to ₹371 crore in the same period last year.
Sensex Today | Stock Market LIVE Updates: Smallcap multibagger stock’s record date for Rs 2 dividend tomorrow. Do you own?
Smallcap multibagger stock Tips Music announced an interim dividend of ₹2 per share, with October 24 set as the record date. This means today is the last opportunity to purchase the company’s shares to be eligible for the dividend.
Sensex Today | Stock Market LIVE Updates: Q2 results today: HUL, SBI Life among 73 companies to announce earnings on Wednesday
The second quarter earnings season has begun, with 73 companies set to release their financial results for the July-September 2024 period today. Notable reports to watch include those from HUL, Bajaj Finserv, SBI Life, and TVS Motor.
Stock Market LIVE Updates | Stocks in news: Bajaj Finance, SBI Life, HUL, Adani Energy, Fedbank Financial
Domestic markets maintained their downward trend, dropping over 1% during the ongoing correction phase. In today’s trading session, shares of Bajaj Finance, SBI Life, HUL, Adani Energy, and Fedbank Financial will be in the spotlight due to various news developments and second-quarter earnings reports.
Stock Market LIVE Updates | Hyundai India’s weak debut one more among mega IPOs
Hyundai Motor India had a disappointing market debut, opening at ₹1,931 on Tuesday, which is more than 1% lower than its Initial Public Offer (IPO) price of ₹1,960. By the end of the trading day, the stock closed at ₹1,820.40, reflecting a decline of 7.1% from the issue price. This trend of weak first-day performances is becoming common among large IPOs.
Stock Market LIVE Updates | Zomato ticks the boxes, yet has a lot more to deliver
Zomato’s performance for the September quarter presents a mixed picture. The food delivery company reported a 68% increase in revenues, although this is the lowest growth rate in the past eight quarters. Its net profit of ₹176 crore is significantly higher than last year’s ₹36 crore, but it falls short of market expectations of around ₹250 crore and reflects a 30% decline from the previous quarter.
Stock Market LIVE Updates | GIFT Nifty signals a muted start
GIFT Nifty on the NSE IX traded higher by 14 points, or 0.06 per cent, at 24,539.50, signaling that Dalal Street was headed for muted start on Wednesday.
Stock Market LIVE Updates | Wall St closes little changed while investors digest yields, earnings
U.S. stocks ended little changed on Tuesday, but the Nasdaq eked out a modest gain while investors kept an eye on Treasuries yields and awaited more earnings to assess the health of American companies.
“The last couple of days, the market has been trying to digest the move in treasuries as you’ve had a pretty big backup in yields,” Jack Janasiewicz, portfolio manager at Natixis Investment Managers Solutions.
Stock Market LIVE Updates | Oil prices slip on rising U.S. crude inventories
Oil prices edged down on Wednesday after industry data showed U.S. crude inventories had swelled more than expected, while the market kept watch on diplomatic efforts in the Middle East as Israel continued attacks on Gaza and Lebanon.
Brent crude futures dipped 31 cents, or 0.4%, to $75.73 a barrel by 0011 GMT. U.S. West Texas Intermediate crude futures shed 32 cents, or 0.5%, to $71.42 per barrel.
Stock Market LIVE Updates | D-Street Recap
On Tuesday, Indian benchmark equity indices, Sensex and Nifty50, experienced their largest single-day drop in nearly three weeks, impacted by sluggish corporate earnings and persistent foreign selling.
The NSE Nifty 50 declined by 1.25% to 24,472, while the BSE Sensex fell 1.15% to 80,220. After gaining about 0.4% in the first hour of trading, both indices reversed their gains, recording their worst performance since October 3.
Stock Market LIVE Updates | Forex news
- The euro was little changed at $1.0795
- The Japanese yen fell 0.3% to 151.47 per dollar
- The offshore yuan fell 0.1% to 7.1443 per dollar
- The Australian dollar fell 0.2% to $0.6670a
Stock Market LIVE Updates | Global Markets Check
- S&P 500 futures fell 0.1% as of 10:11 a.m. Tokyo time
- Hang Seng futures rose 0.6%
- Japan’s Topix rose 0.3%
- Australia’s S&P/ASX 200 rose 0.2%
- Euro Stoxx 50 futures fell 0.1%
- Nasdaq 100 futures fell 0.2%
