29 Oct 2024 | 10:52:08 AM IST
Synopsis
Sensex Today | Stock Market LIVE Updates | After breaking a five-day losing streak in the previous session, Indian benchmark equity indices opened lower again on Tuesday, impacted by a lackluster earnings season and continued foreign selling.
Earnings Today: Maruti, Adani Ent, Adani Ports, Cipla, Canara Bank, SBI Cards, HUDCO
Highlights of trade:
- Suzlon Energy shares rise as Q2 profit jumps 96% YoY
- IOC shares fall 3% after posting 99% YoY fall in profit
- NTPC rises as NTPC Green get Sebi’s go ahead to float IPO
- Adani Power shares fall after Q2 PAT falls 50% YoY
- Bharti Airtel shares drop 3% post Q2 earnings
Market view by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
An interesting feature of yesterday’s 158 point rally in the Nifty is that the up move happened despite the FII sell number at Rs 3228 crores being higher than the DII buy number of Rs 1401 crores. The implication of this change in trend, despite the persistence of FII selling, is that the retail investors are back in buying mode.
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Stock Market LIVE Updates | Tata Motors, Bajaj Auto among top laggards at this hour
Price as on 10.51.57 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Nifty slips below 24,200
Stock Market LIVE Updates | Sensex falls 500 pts
India bond yields marginally down on value buys; state debt sale in focus
Indian government bond yields trended marginally down in early trade on Tuesday as value investors turned active after the 10-year benchmark yield stayed above the critical 6.85% mark, even as market awaited fresh supply from states later in the day.
The benchmark 10-year bond yield was at 6.8479% as of 10:00 a.m. IST, compared with its previous close of 6.8660%, the highest since Sept. 3.
Stock Market LIVE Updates | Ashoka Buildcon receives work order for NHAI Project on Hybrid Annuity mode; development of 6 lane access controlled Greenfield Highways
Price as on 10.43.14 AM, Click on company names for their live prices.
Market LIVE Updates | Bitcoin prices surge past $71,000 amid speculation around US election
Amid speculation regarding the upcoming US elections, Bitcoin prices have surpassed the $71,000 mark for the first time since June. The digital currency rose over 2%, reaching $71,310, while other cryptocurrencies, including Ether and Dogecoin, also experienced gains of approximately 4%.
Sensex Today | Stock Market LIVE Updates | Sun Pharma shares tumble 2% despite Q2 profit rising 28% YoY to Rs 3,040 crore
Sun Pharmaceuticals’ shares dropped 2% to Rs 1,863.05 despite a strong Q2, reporting a 28% YoY net profit growth to Rs 3,040 crore, up from Rs 2,375 crore last year.
Price as on 10.33.32 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Waaree Energies shares jump 5% as buying resumes on Day 2
Waaree Energies shares soared 5% after a strong 70% IPO listing. The company plans to expand manufacturing capacity and reported a 69% revenue increase for FY24, reflecting robust growth potential.
Price as on 10.34.36 AM, Click on company names for their live prices.
China stocks edge down as energy, property shares weigh; HK shares flat
China stocks dipped on Tuesday, weighed down by energy and property shares, as investors await details of stimulus measures from a top leadership meeting next week, while Hong Kong stocks were roughly flat.
China’s blue-chip CSI300 Index dropped 0.6% by midday, while the Shanghai Composite Index was down 0.7%. The Hong Kong benchmark Hang Seng was almost flat.
Stock Market LIVE Updates | Federal Bank shares rise over 7%
The lender reported an 11% increase in net profit, reaching Rs 1,057 crore in the September quarter, compared to Rs 954 crore in the same period last year. Total income for the quarter rose to Rs 7,541 crore, up from Rs 6,186 crore a year ago.
Price as on 10.20.50 AM, Click on company names for their live prices.
Sensex Today | JSW Energy submits resolution plan under corporate insolvency resolution process of KSK Mahanadi Power Co
Price as on 10.18.34 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Fresh D-Street Debuts
Danish Power
- Lists at 50% premium over IPO price on NSE SME platform
- The stock listed at Rs 570 as against an issue price of Rs 380.
United Heat Transfer
- Shares list at 3% premium on NSE SME platform
- The stock listed at Rs 60.95 as against an issue price of Rs 59.
OBSC Perfection
- Lists at 10% premium over IPO price on NSE SME platform
- Listed at Rs 110 compared to the issue price of Rs 100.
Price as on 10.16.21 AM, Click on company names for their live prices.
Stock Market LIVE Updates | In Focus
JSW Group & Korea’s POSCO Group sign landmark MoU to develop an integrated steel plant in India with an initial capacity of 5 million tonnes per annum
Price as on 10.09.22 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Maruti Suzuki shares fall 2% ahead of Q2 results
Price as on 10.03.01 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Nifty Pharma index down over 1%; Cipla, Torrent among top laggards
Price as on 09.58.35 AM, Click on company names for their live prices.
Sensex Today | Suzlon Energy shares rise as Q2 profit jumps 96% YoY
The company reported a 96% jump in its September quarter consolidated net profit at Rs 201 crore versus Rs 102 crore reported by it in the year ago period.
Price as on 09.54.06 AM, Click on company names for their live prices.
Stock Market LIVE Updates | IOC shares fall 3% after posting 99% YoY fall in profit
State-owned Indian Oil Corporation Ltd (IOC) reported a significant 98.6% decline in net profit for the September quarter, attributed to falling refinery margins and reduced marketing margins.
Price as on 09.43.44 AM, Click on company names for their live prices.
Market LIVE Updates | Ramco Industries shares surge 7%, Rajapalayam Mills 1%
Rajapalayam Mills acquires shares of Ramco Industries through a deal worth Rs 85 cr
Price as on 09.37.42 AM, Click on company names for their live prices.
Sensex Today | NTPC shares rise against market mood as NTPC Green get Sebi’s go ahead to float IPOs
NTPC Green Energy Limited, a wholly-owned subsidiary of NTPC Limited, announced on Monday that it has received approval from the Securities and Exchange Board of India (SEBI) to raise Rs 10,000 crore through an initial public offering (IPO).
Price as on 09.34.39 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Nomura on BPCL
Nomura has maintained a buy call on BPCL while increasing the target price to Rs 380 from Rs 368. Lower-than-anticipated results were driven by higher LPG under-recovery, inventory losses, and lower GRM.
Russian crude sourcing moderated to 34%, with PDPP now at 80% utilization. The regulatory framework on auto fuel marketing margins has been supportive for OMCs.
Stock Market LIVE Updates | Adani Power shares fall after Q2 PAT falls 50% YoY
The company reported a 50% decline in its consolidated net profit for the quarter ended September 2024, totaling Rs 3,298 crore. In the same quarter of the previous financial year, the profit was Rs 6,594.17 crore.
Price as on 09.28.36 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Bharti Airtel shares drop 2% post Q2 earnings
The company reported strong Q2FY25 earnings though they were below Street’s estimates.
The consolidated net profit for the fiscal second quarter jumped 168% on-year on the back of strong average revenue per user (ARPU) growth and subscriber adds, although a Rs 318 crore exceptional loss caused it to miss estimates.
Price as on 09.27.06 AM, Click on company names for their live prices.
Forex News | Rupee opens on flat note at 84.08 against US dollar in early trade.
Stock Market LIVE Updates | IOC, PNB among top movers in morning trade
Price as on 09.21.31 AM, Click on company names for their live prices.
Opening Bell: Sensex falls over 300 pts, Nifty below 24,300; M&M, Airtel drop up to 2%
Sensex Today | Stock Market LIVE Updates: Sensex rises marginally, Nifty below 24,350 in pre-open session
Sensex Today | Stock Market LIVE Updates: Tata Power shares in focus a co acquires 40% stake in Khorlochhu Hydro Power for Rs 830 crore
Tata Power shares are expected to be in focus on Tuesday following the company’s announcement of its acquisition of a 40% stake in Bhutan-based Khorlochhu Hydro Power Limited for Rs 830 crore.
Sensex Today | Stock Market LIVE Updates: Smallcaps run risk of extended selloff as earnings slow
India’s smaller companies are facing headwinds as weak earnings and a worsening economic outlook drive a decline in their share prices.
Sensex Today | Stock Market LIVE Updates: OBSC Perfection shares to debut today. GMP indicates muted listing
OBSC Perfection shares are set to debut on the NSE SME platform on Tuesday. Ahead of the listing, the company’s shares are trading with a grey market premium (GMP) of Rs 6.
Sensex Today | Stock Market LIVE Updates: These 5 stocks closed crossing above VWAP on October 28
On October 28, the closing prices of five stocks in the Nifty500 index rose more than 2% above the VWAP (Volume Weighted Average Price), indicating a potential bullish trend, according to technical scan data from stockedge.com.
Sensex Today | Stock Market LIVE Updates: Bharti Airtel shares in focus after telco posts strong Q2 earnings but below Street’s estimates
Shares of Bharti Airtel are likely to be in focus on Tuesday after the company reported solid Q2FY25 earnings, though slightly below market expectations.
Sensex Today | Stock Market LIVE Updates: Positive Breakout: These 6 stocks close cross above their 200 DMAs
On October 28, the closing prices of six stocks in the NSE large-cap segment rose above their 200-day moving averages (DMA).
Sensex Today | Stock Market LIVE Updates: Swiggy sets IPO price band between Rs 371-390 per share
Food and grocery delivery platform Swiggy plans to price its upcoming IPO between Rs 371-390 per share, sources say. At the top of this range, the SoftBank-backed company would reach a valuation of $11.3 billion.
Sensex Today | Stock Market LIVE Updates: Highly rated corporates gain Bond Street Cred
Bond market spreads have tightened considerably, with AAA-rated companies securing funds at some of the lowest rates in recent years. This highlights strong demand for high-quality debt issues, as yields are expected to ease following the RBI’s recent shift in monetary policy stance.
Sensex Today | Stock Market LIVE Updates: Adani Ports in focus ahead of Q2 results today. Here’s what to expect
Adani Ports & Special Economic Zone (APSEZ) is among 140 BSE-listed companies set to announce their September quarter earnings on Tuesday. As India’s largest port operator, APSEZ is projected to see a year-on-year revenue growth of 6%-10% for Q2FY25, with net profit expected to increase between 19% and 39%, according to brokerage estimates.
Sensex Today | Stock Market LIVE Updates: US poll jitters, RBI governor talk push up 10-year yields
Yields on the 10-year benchmark government bond rose by three basis points from the previous close, driven by rising US Treasury yields ahead of the presidential election in the world’s largest economy, according to bond dealers.
Sensex Today | Stock Market LIVE Updates: Valuations, weak demand slow auto bull run
The prolonged bull run in automobile stocks is starting to weaken as investor interest cools due to concerns over high valuations and sluggish vehicle demand.
Sensex Today | Stock Market LIVE Updates: These 3 stocks to trade ex-split tomorrow. Do you own?
Shares of Jash Engineering, Kck Industries, and Master Trust are expected to attract attention in today’s session as these companies have set October 30 as the record date for their respective stock splits.
Sensex Today | Stock Market LIVE Updates: Maruti Suzuki shares in focus ahead of Q2 results today
Shares of India’s top carmaker, Maruti Suzuki, are likely to be in the spotlight as the company announces its second-quarter results later today. Analysts anticipate subdued performance for the July-September 2024 period, largely due to a drop in volumes.
Sensex Today | Stock Market LIVE Updates: Mazagon Dock among 4 stocks to trade ex-dividend tomorrow. Last chance to buy
Shares of Mazagon Dock Shipbuilders, CRISIL, and two other companies are expected to draw attention today, as they have set October 30 as the record date to determine eligibility for their declared dividends.
Sensex Today | Stock Market LIVE Updates: Q2 results today: Maruti, Adani Enterprises among 139 companies to announce earnings on Tuesday
The second quarter earnings season is in progress, with as many as 139 companies set to release their quarterly results for the July-September 2024 period today. Notable companies to watch include Maruti, Adani Enterprises, Adani Ports, Cipla, Canara Bank, SBI Cards, and Hudco.
Stock Market LIVE Updates | Wall Street closes higher ahead of megacap earnings, election
Wall Street closed higher on Monday ahead of a packed week of earnings from megacap companies and the final stretch before the Nov. 5 presidential election, while sentiment improved after energy supplies were not disrupted by weekend developments in the Middle East.
Israel’s response over the weekend to an Iranian missile attack this month focused, so far, on missile factories and other sites near Tehran, rather than on refineries or nuclear targets
Stock Market LIVE Updates | Oil prices edge up, US plan to refill reserve offers support
Oil prices edged up on Tuesday, after a sharp plunge in the previous session, as a U.S. plan to purchase oil for the Strategic Petroleum Reserve provided support while investors remained focused on developments in the Middle East.
Brent crude futures climbed 44 cents, or 0.6%, to $71.86 a barrel by 0025 GMT, while U.S. West Texas Intermediate crude was at $67.83 a barrel, up 45 cents, or 0.7%.
Stock Market LIVE Updates | US poll jitters, RBI governor talk push up 10-year yields
Yields on the 10-year benchmark government security rose by three basis points from the previous close, driven by increasing US treasury yields in anticipation of the presidential elections in the world’s largest economy, according to bond dealers.
Stock Market LIVE Updates | Stocks in news: Maruti, Adani Enterprises, Adani Ports, Airtel, Tata Power, HDFC Bank
Domestic markets kicked off the week on a positive note, rising by over half a percent after the recent downturn. In today’s trading, stocks such as Maruti, Adani Enterprises, Adani Ports, Airtel, Tata Power, and HDFC Bank will be in the spotlight due to various news updates and second-quarter results.
Stock Market LIVE Updates | GIFT Nifty signals a positive start
GIFT Nifty on the NSE IX traded higher by 55 points, or 0.23 per cent, at 24,387, signaling that Dalal Street was headed for positive start on Tuesday.
Stock Market LIVE Updates | Forex News
- The euro was little changed at $1.0814
- The Japanese yen rose 0.2% to 153.00 per dollar
- The offshore yuan was little changed at 7.1442 per dollar
Sensex Today | Stock Market LIVE Updates | Global markets check
- S&P 500 futures were little changed as of 10:14 a.m. Tokyo time
- Hang Seng futures rose 0.4%
- Japan’s Topix rose 0.5%
- Australia’s S&P/ASX 200 rose 0.4%
- Euro Stoxx 50 futures fell 0.1%
