22 Oct 2024 | 10:52:06 AM IST
Synopsis
Sensex Today | Stock Market LIVE Updates | Indian benchmark equity indices Sensex and Nifty50 traded slightly higher on Tuesday, despite weak global cues, thanks to gains in major stocks like ICICI Bank, Infosys, and Reliance Industries.
Earnings Today: Bajaj Finance, Adani Green, Zomato, Paytm, Adani Energy Solutions, Varun Bev, ICICI Pru Life
Highlights of trade:
- Hyundai India stock debuts with 1.5% discount over issue price
- Ambuja Cement to acquire Orient Cement
- Sensex opens 200 pts higher, Nifty tops 24,800
Market view by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
When market valuations are at elevated levels some triggers will cause corrections, making the valuations reasonable and in tune with long-term averages. This time the trigger for the correction has come from the sustained selling by FIIs which has reached Rs 88244 crores by 21st October, according to NSDL.
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Stock Market LIVE Updates | Paytm shares fall 5% as co announces Q2 results
Price as on 10.52.05 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Paytm Q2 Results
- Cons PAT at Rs 928 cr vs loss of Rs 290 crore (YoY)
- Cons revenue at Rs 1,660 crore
- Exceptional gain of Rs 1,345 crore
Stock Market LIVE Updates | RVNL shares establishes new subsidiary in Saudi Arabia; stock down 4%
Price as on 10.45.21 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Nifty Auto down nearly 2%; Maruti Suzuki, Tata Motors among top laggards
Price as on 10.40.18 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Sensex down 400 pts: L&T, RIL among top drags
Stock Market LIVE Updates | PNC Infratech, HEG among top losers at this hour
Price as on 10.25.57 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Hyundai Motor India shares extend fall, down 4%
Price as on 10.17.28 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Sensex erases over 300 pt gain, trades in red
Stock Market LIVE Updates | Remsons Industries acquire majority stake in BEE Lighting Ltd.
Price as on 10.10.34 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Mazagon Dock shares fall over 5% ahead of board meeting to consider dividend, stock split
Price as on 10.06.55 AM, Click on company names for their live prices.
Market Update | Sensex jumps 300 pts, Nifty above 24,850
Sensex Today | Mahindra Logistics shares drop over 2% after freight operator’s second-quarter losses widened on higher expenses.
Price as on 10.02.20 AM, Click on company names for their live prices.
China’s yuan edges down as ‘Trump trade’ supports dollar
China’s yuan dipped slightly on Tuesday as the dollar was underpinned by rising odds of former President Donald Trump winning next month’s U.S. election and on expectations the Federal Reserve will resist aggressive monetary easing. The dollar clung to a 2-1/2-month high in early Asia trade on surging treasury yields
Sensex Today | Hyundai India stock debuts with 1.5% discount over issue price
Hyundai India’s shares debuted on the exchanges on Tuesday at a 1.5% discount. The stock was listed at Rs 1,931 on the BSE, compared to the issue price of Rs 1,960. On the NSE, it listed at Rs 1,934.
Gold hovers near record high on safe-haven demand
Gold prices rose on Tuesday and hovered near a record high hit in the previous session amid uncertainties around the U.S. election, ongoing Middle East tensions, and expectations of central banks’ interest rate cuts.
Spot gold rose 0.4% to $2,729.91 per ounce by 0303 GMT. U.S. gold futures rose 0.2% to $2,744.40.
Stock Market LIVE Updates | City Union Bank gains 12% after posting rise in quarterly profit.
Price as on 09.48.30 AM, Click on company names for their live prices.
Sensex Today | Ambuja Cements acquires 37.90% of Orient Cement: Key details
- Acquires 37.90% of Orient Cement for Rs 395.40 per share.
- Acquires 8.90% of Orient Cement for Rs 395.40 per share.
- Adani acquires Orient Cement at Rs 8,100 cr equity value.
- Acquisition of 37.90% stake of Orient Cement.
- Acquisition will be fully funded through internal accruals.
- Deal for Rs 395.40 per share.
Sensex Today | Stock Market LIVE Updates | Paytm shares tumble 2% ahead of Q2 results today
Price as on 09.43.48 AM, Click on company names for their live prices.
Sensex Today | Ola Electric Mobility share rise 3% after co says out of 10,644 complaints received from CCPA, 99.1% complaints were resolved
Price as on 09.41.36 AM, Click on company names for their live prices.
Sensex Today | Earnings Today: Bajaj Finance, Adani Green, Zomato, Paytm, Adani Energy Solutions, Varun Bev, ICICI Pru Life
Price as on 09.40.10 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Bajaj Housing Finance shares rise post Q2 show
Bajaj Housing Finance on Monday reported a 21 per cent growth in net profit to Rs 546 crore in the September quarter. The housing finance company had recorded a net profit of Rs 451 crore in the same quarter a year ago.
Price as on 09.35.41 AM, Click on company names for their live prices.
Sensex Today | Ambuja Cements, Orient Cement rise marginally as Adani Group to acquire Orient
Price as on 09.31.20 AM, Click on company names for their live prices.
Forex News | Rupee flat in early trade
Rupee turns flat at 84.07 against US dollar.
Sensex Today | JM Financial, NHPC, City Union Bank among top movers in morning trade
Price as on 09.25.06 AM, Click on company names for their live prices.
Opening Bell: Sensex jumps 200 pts, Nifty tops 24,800; Bajaj Housing rises 3%, CG Power 5%
Opening Bell: Sensex jumps 200 pts, Nifty tops 24,800; Bajaj Housing rises 3%, CG Power 5%
Sensex Today | Stock Market LIVE Updates: Bajaj Finance shares in focus ahead of Q2FY25 earnings. Here’s what to expect
Bajaj Finance shares are expected to be in focus on Tuesday as the company is set to announce its Q2FY25 earnings later today. The company is projected to report net interest income between Rs 8,810 crore and Rs 9,187 crore for the quarter ending September 30, 2024, representing an increase of up to 28% compared to the same quarter of the previous financial year.
Sensex Today | Stock Market LIVE Updates: Sensex flat, Nifty near 24,800 in pre-open session
Sensex Today | Stock Market LIVE Updates: Stable trend in financials crucial for Godavari Biorefineries
Godavari Biorefineries, a producer of sugarcane-based products including sugar, ethanol, and bio-based chemicals, aims to raise Rs 325 crore through a fresh equity issue, primarily to repay debt, and up to Rs 230 crore via an offer for sale. Following the IPO, the promoter group’s stake will decrease from 81% to just over 63%.
Sensex Today | Stock Market LIVE Updates: Red October: FPI stock selloff at Rs 81,000 crore, highest in a month
Foreign investors have been rapidly exiting the Indian equity market, pulling out ₹81,000 crore so far in October—the highest outflow in a single month. Concerns over high market valuations, slowing earnings growth, and renewed interest in Chinese stocks have heightened the risk-off sentiment among overseas fund managers, leading them to reduce exposure to one of the world’s priciest markets.
Sensex Today | Stock Market LIVE Updates: Bajaj Housing Finance shares in focus on 21% YoY jump in Q2 net profit
Bajaj Housing Finance shares are expected to be in focus on Tuesday after the Bajaj Finance-promoted company reported a 21% rise in net profit for the quarter ended September 2024, reaching Rs 546 crore, compared to Rs 451 crore in the same period last year.
Sensex Today | Stock Market LIVE Updates: Hyundai India shares to list today. Will it light up D-Street?
Hyundai India shares are set to debut on the stock exchanges later today, following the conclusion of its highly successful IPO, the largest in India’s history. Based on the current grey market premium (GMP), the shares are expected to list with moderate gains of 3-5% above the issue price.
Sensex Today | Stock Market LIVE Updates: Zomato shares in focus ahead of Q2FY25 earnings. Here’s what to expect
Zomato shares are likely to be in the spotlight on Tuesday as the market reopens, with the food delivery company set to announce its Q2FY25 earnings later today.
Sensex Today | Stock Market LIVE Updates: Adani Energy Solutions shares in focus ahead of Q2 results today
Adani Energy Solutions shares will be in focus during today’s trading session as the company is set to release its second-quarter results for the period ending September 2024.
Although no specific estimates are available for the results, the company recently reported maintaining a strong system availability of 99.7% in its transmission business.
Sensex Today | Stock Market LIVE Updates: Paytm shares in focus ahead of Q2 results today
Shares of One97 Communications will be in the spotlight during Tuesday’s trading as the company is set to announce its quarterly results for the period ending September.
Analysts anticipate strong revenue growth for the digital payments giant in the second quarter, though losses may increase.
Sensex Today | Stock Market LIVE Updates: Adani Green shares in focus ahead of Q2 results today
Adani Green shares will be in focus during today’s trading session as the company is set to release its second-quarter results for the period ending September 2024.
Although there are no specific estimates for the quarterly results, the company revealed in its pre-earnings update that operational capacity grew 34% year-on-year to 11,184 MW in the first half of the year, driven by the addition of 2,418 MW of solar and 450 MW of wind power plants.
Sensex Today | Stock Market LIVE Updates: Big movers on D-Street: What should investors do with Manappuram Finance, Raymond Lifestyles and 360 One Wam?
After starting with gains, benchmark indices Sensex and Nifty ended lower on Monday due to a sharp decline in Kotak Mahindra Bank and continued foreign fund outflows.
Stocks that stood out included Manappuram Finance, which climbed 4.55%, Raymond Lifestyles, up 2.2%, and 360 One Wam, whose shares surged 3.3% on Monday.
Sensex Today | Stock Market LIVE Updates: Q2 results today: Bajaj Finance, Paytm, Zomato among 70 companies to announce earnings on Tuesday
The second-quarter earnings season has begun, with 70 companies set to release their July-September 2024 results today. Key companies to watch include Bajaj Finance, Adani Green, Zomato, Paytm, Adani Energy Solutions, Varun Beverages, and ICICI Pru Life.
Sensex Today | Stock Market LIVE Updates: Fed needs to continue to cut rates, Daly says
San Francisco Federal Reserve Bank President Mary Daly stated on Monday that there is no indication the U.S. central bank will halt interest rate cuts, noting that current rates are “absolutely” still high enough to be slowing down the economy.
Sensex Today | Stock Market LIVE Updates: Four Fed policymakers favor more rate cuts, but differ on pace
On Monday, four Federal Reserve policymakers voiced their backing for additional interest rate cuts, though they seemed to have differing views on the pace and extent of the potential cuts.
Stock Market LIVE Updates | FPI stock selloff at Rs 81,000 crore, highest in a month
Overseas investors have been rapidly exiting the market, withdrawing ₹81,000 crore in October alone—the highest monthly outflow from the Indian equity market. Concerns over market valuations amid slowing earnings and renewed interest in Chinese stocks have heightened risk-averse sentiment among foreign fund managers, leading them to reduce their exposure to one of the world’s priciest markets.
Stock Market LIVE Updates | Dow, S&P end down as Treasury yields rise, investors eye earnings
The Dow Jones Industrial Average and S&P 500 closed lower on Monday, retreating from Friday’s record high closes and six straight weekly gains as Treasury yields rose and investors wary of high valuations awaited earnings from major companies.
“It’s not at all unusual for the market to want to take a little bit of a breather after six weeks of continually record highs,” said Carol Schleif, chief investment officer at BMO Family Office.
Stock Market LIVE Updates | Stocks in news: Zomato, Paytm, Bajaj Finance, Ola Electric, Eicher Motors
Domestic markets showed volatility and finished almost unchanged, mainly due to mixed earnings reports. In today’s trading, shares of Zomato, Paytm, Bajaj Finance, Ola Electric, and Eicher Motors will be in the spotlight due to various news updates and second-quarter results.
Stock Market LIVE Updates | GIFT Nifty up 15 points
GIFT Nifty on the NSE IX traded higher by 17.5 points, or 0.07 per cent, at 24,797.50, signaling that Dalal Street was headed for muted start on Tuesday.
Stock Market LIVE Updates | Oil prices trim Middle East war risk-gains, China demand remains a worry
Oil prices fell on Tuesday, paring the previous day’s nearly 2% rise as the top U.S. diplomat renewed efforts to push for a ceasefire in the Middle East, and as slow demand in China, the world’s top oil importer, continued to weigh on the market.
Brent crude futures for December delivery were down 26 cents, or 0.3%, at $74.03 a barrel at 0046 GMT. U.S. West Texas Intermediate crude futures for November delivery were 2 cents lower at $70.54 a barrel on the contract’s last day as the front month.
Stock Market LIVE Updates |Forex News
- The euro was unchanged at $1.0815
- The Japanese yen rose 0.1% to 150.62 per dollar
- The offshore yuan was little changed at 7.1378 per dollar
Stock Market LIVE Updates | Global Markets Check
- S&P 500 futures were little changed as of 9:09 a.m. Tokyo time
- Hang Seng futures fell 0.4%
- Japan’s Topix fell 0.1%
- Australia’s S&P/ASX 200 fell 1.2%
- Euro Stoxx 50 futures fell 0.9%
