That's all for NDTV Profit's live market coverage for today. Thank you for joining us!
Market At Close: Nifty, Sensex Decline For Second Session
Nifty closes below 25,800 mark
Eternal and Cipla fell the most in Nifty 50
Broader indices end in red
all sectors end in red barring oil and gas and psu bank
vodafone and bandhan bank emerged as top Nifty midcap loser
Apar industries and sapphire foods emerged as top Nifty smallcap loser
Nifty PSU bank emerged as top sectoral gainer , gains led by Union bank and Canara bank
Nifty Media emerged as top sectoral loser dragged by PVR INOX
Nifty realty snaps two day gaining streak , losses led by DLF
Nifty auto falls for fourth day in a row , losses led by Balkrishna industries
Rupee Closes Weaker Against US Dollar
Rupee closed 7 paise weaker at 88.77 against US Dollar
It closed at 88.70 a dollar on Thursday
Source: Bloomberg
Q2 Earnings LIVE: Kalpataru Projects Share PrPice Off Lows As Net Profit Rises
Kalpataru Projects Q2 Highlights (Consolidated, YoY)
Revenue up 32.4% to Rs 6,529 crore versus Rs 4,930 crore.
Ebitda up 28% to Rs 561 crore versus Rs 438 crore.
Margin at 8.6% versus 8.9%.
Net profit up 91.3% to Rs 240 crore versus Rs 126 crore.
Q2 Earnings LIVE: Maruti Suzuki India Share Price Falls Post Results
IPO News: LensKart Solutions IPO's Retail Portion Fully Subscribed
The LensKart Solutions IPO has been subscribed 0.62 times as of 2:03 p.m.
Qualified Institutional Buyers (QIBs): 0.76 times
Non Institutional Investors (NIIS): 0.26 times
Retail Individual Investors: 1.01 times
Employee Reserved: 0.67 times
Stock Market LIVE: Strides Pharma Share Price Rises As Net Profit Increases
Strides Pharma Q2 Highlights (Consolidated, YoY)
Revenue up 4.6% to Rs 1,221 crore versus Rs 1,167 crore.
Ebitda up 25.5% to Rs 232 crore versus Rs 185 crore.
Margin at 19% versus 15.8%.
Net profit up 81.9% to Rs 132 crore versus Rs 72.3 crore.
Q2 Earnings LIVE: BEL Share Price Rises After Net Profit Increases
BEL Q2 Highlights (Consolidated, YoY)
Revenue up 25.78% to Rs 5,792.09 crore versus Rs 4,604.9 crore.
Ebitda up 21.58% to Rs 1,702.17 crore versus Rs 1,399.95 crore.
Margin at 29.38% versus 30.4%.
Net profit up 17.87% to Rs 1,287.77 crore versus Rs 1,092.45 crore.
Also Read: Get faster updates on Q2 earnings here
Brigade Enterprises Banks On New Launches To Achieve Annual Targets In FY26
Bengaluru-based real estate developer Brigade Enterprises banks on new launches and regulatory clearances for existing projects for its full-year growth momentum in the current fiscal. The full-year performance will be heavily influenced by approvals and the launch of new residential projects in the second half of the financial year, according to its Managing Director, Pavitra Shankar.
She outlined that while underlying demand remains robust, the business is "heavily dependent" on new launches to meet its annual growth targets.
Mutual Funds Likely To Propose Risk Solutions To SEBI On Pre-IPO Placement Investments
The mutual fund industry of the country is likely to deliberate on risk-mitigating ideas with regards to investing in pre-IPO placements and take them to the market watchdog, Securities and Exchange Board of India, people in the know told NDTV Profit.
As per the industry insiders, the Asset Management Companies are likely to explore ways to manage these risks after the regulator's recent clarification. They are to now look at the likelihood of the IPO of a company to go through, NDTV Profit was told.
Stock Market LIVE: Nifty PSU Bank Extends Record Rally
The NSE Nifty PSU Bank index rose 2.41% to a new high of Rs 8,238.75 apiece.
Stock Market News: Cochin Shipyard Signs LoI With Denmark-Based Svitzer
Cochin Shipyard signed a letter of intent with Denmark-based Svitzer to construct electric transverse tugs. The company will collaborate with Svitzer to build electrical transverse tugboats at company's yard facilities, the company said in the exchange filing.
Urban Company Q2 Results Soon: Check Date, Earnings Call Details And More
Urban Company Ltd. is set to announce its financial results for the second quarter and half-year ended Sept. 30 this weekend. The company confirmed the date in a filing with the stock exchanges. This marks Urban Company’s first quarterly earnings report since its highly successful IPO in September.
IPO News: LensKart IPO Subscribed 0.08 Times
The LensKart Solution IPO has been subscribed 0.08 times as of 10:51 a.m.
Qualified Institutional Buyers (QIBs): 0
Non Institutional Investors (NIIS): 0.07 times
Retail Individual Investors: 0.32
Employee Reserved: 0.24
Stock Market LIVE: MCX Identifies Root Cause of Recent Tech Outage
Multi Commodity Exchange said the Oct 28 outage was caused by a predefined limit on reference data like Unique Client Code.
The system hit its threshold, leading to temporary constraints
MCX says corrective steps have been taken to prevent such issues in future
Trading systems themselves were not affected
Exchange claims its systems are capable of handling market volumes and growth
MCX says it will continue investing in advanced technology
Source: MCX press release
Commodities Brokers Body To Discuss Recurring Tech Outages At MCX With Chair And Management
The commodity brokers are likely to hold virtual discussions with regards to the repeated tech outages with the Chairperson of India's top commodity bourse, MCX, today. The three major stakeholders in this meeting are the Chairperson, the top management officials and the brokers, people with direct knowledge of the matter told NDTV Profit.
"We are positive that a resolution of the issues is reached," one of the persons quoted above mentioned.
Stock Market LIVE: L&T In Pact With US-Based General Atomics Aeronautical
Larsen & Toubro Ltd. is in pact with the US-based General Atomics Aeronautical Systems to make remote aircraft in India. The company will participate in the upcoming 87 MALE RPAS Programme of Government.
Nifty, Sensex| Stock Market LIVE: Bandhan Bank Share Price Falls over 6%
Bandhan Bank Q2 Earnings Key Highlights (YoY)
Net Profit fell 88.1% to Rs 112 crore versus Rs 937 crore
Net NPA At 1.37% Vs 1.36% (QoQ)
Gross NPA At 5.02% Vs 4.96% (QoQ)
NII fell 11.8% to Rs 2,589 crore versus Rs 2,934
Operating Profit fell 29.4% to Rs 1,310 crore versus Rs 1,855 crore
Provisions rose 90.1% to Rs 1,153 crore versus Rs 606 crore
Stock Market LIVE: Navin Fluorine International Share Price Jumps To New High
Navin Fluorine International share price jumped 14.33% to a new high of Rs 5,689.9 apiece.
Sectoral Performance At Open: Nifty Metal Falls The Most
On National Stock Exchange, eight sectoral indices, five advanced, and two remained flat out of 15.
Nifty Detractors: NTPC, ICICI Bank, Kotak Mahindra Bank, Airtel Weigh
Markets At Open: Nifty, Sensex Open On Muted Note
The NSE Nifty 50 and BSE Sensex opened on a muted note. The indices were trading 0.09% and 0.03% down, respectively as of 9:21 a.m.
Yield On 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.57%
Source: Bloomberg
LIVE: Rupee Opens Stronger Against US Dollar
Rupee opened 11 paise stronger at 88.59 against US Dollar
It closed at 88.70 a dollar on Thursday
Source: Bloomberg
Pre-Market Expert View: Cautious Sentiment May Prevail; 26,100 Level In Focus
"Nifty index is hovering in a congestion range (25700-26100 spot zone) around its 52 weeks highs for past Eight trading session. Overall chart structure is positive and a decisive close above 26100 will instigate the buying momentum. Considering its current chart structure, we maintain our buy on dips trading approach till it is trading above 25600 spot levels on closing basis."Vipin Kumar, Assistant Vice President, Technical and Derivatives Research, Globe Capital Market
"Global cues, rupee movement, and second-quarter earnings from India Inc are likely to guide market sentiment as investors navigate the final trading session of the week. With global markets showing caution and the rupee under mild pressure, participants may remain selective ahead of key earnings announcements and macro data releases."Ponmudi R, CEO, Enrich Money
Stock Market LIVE: Adani Enterprises To Consider Raising Funds Via Equity Next Week
Adani Enterprises Ltd.'s board will consider a fundraising plan via equity, besides approving the second quarter earnings at a meeting on Nov. 4.
"The Board shall also consider, inter alia, the proposal of fund raising by way of issuance of equity shares or any other permissible securities of the Company through a rights issue and/or any other permissible mode," a stock exchange filing said late Thursday.
UBS Projects Nearly 40% Upside Potential For Swiggy Despite Q2 Loss Widening — Here's Why
UBS Global Research believes that Swiggy Ltd. share price may increase 39% in the next 12 months despite the company's loss widened in the second quarter. Trends in both in its quick commerce and food delivery businesses appear solid and the recently announced fundraise will likely alleviate the balance sheet concerns, according to the brokerage.
UBS Global Research has maintained a 'Buy' rating on the strock with a target price of Rs 580 apiece. The target price implies an upside potential of 39% from Thursday's close price.
Stock Market News: Narayana Hrudayalaya Arm Buys Stake In UK-Based Arm
Narayana Hrudayalaya's arm acquired 100% stake in the UK-based Practice Plus Group Hospitals for £188.8 Million, the company said in the exchange filing.
ITC Vs Dabur: Which FMCG Stock Should You Bet On After Q2 Results?
ITC Vs Dabur: India's leading homegrown fast-moving consumer products (FMCG) giants ITC Ltd and Dabur India reported a steady performance despite headwinds during the July-Sept quarter for fiscal 2025-26 (Q2FY26). The FMCG majors have received fresh reviews and stock calls from domestic brokerages after the conclusion of the second quarter results.
US Markets Update: Meta Defies AI Spending Gloom With Its Record-Breaking Bond Sale
Meta Platforms Inc. found record-shattering demand for its bond sale on Thursday even as its shares plunged, in a sign that bond investors are looking past any concerns about its artificial-intelligence spending plans.
The company sold $30 billion of bonds, the largest high-grade US note sale since 2023, drawing the most ever orders at $125 billion. That came on a day where Meta’s shares dropped as much as 14%, after it had posted quarterly earnings late Wednesday, and stock investors recoiled at how much the company planned to spend on AI.
Read the Bloomberg article here.
Asia Markets LIVE: Nikkei 225 Rises Past 52,000 For First Time On Tech-Fueled Rally
Japan's benchmark index, the Nikkei 225 rose past a crucial level of 52,000 for first time on Friday as upbeat earnings from megacap technology firms on Wall Street fueled bulls.
The Nikkei 225 was trading 1.05% higher at 51,872 as of 7:11 a.m. The index rose to a new high of 52,39145 during the session.
LIVE: GIFT Nifty Hints At Muted Open; BHEL, L&T, SAIL, Fino Payments Bank Shares In Focus
The GIFT Nifty was trading flat at 26,041.50 as of 6:45 a.m., which implied a muted open for the benchmark Nifty 50 index.
Bharat Heavy Electricals Ltd., Larsen & Toubro Ltd., Steel Authority of India, Fino Payments Bank Ltd. shares will be in focus because of second-quarter results.
The Nifty ended in the green on Wednesday closing above the 26,053 mark. At the close, the Sensex rose 368.97 points, or 0.44%, to 84,997.13, while the Nifty rose 117.70 points, or 0.45%, to 26,053.90.
RECOMMENDED FOR YOU
Stock Market Today: Nifty Ends Below 25,900, Sensex Slumps 550 Points As Fed's Cautious Stance Hits Sentiment
Stock Market Today: Nifty Closes Flat; Sensex Bounces 470 Points From Day's Lows But Ends In Red
Stock Market Today: Nifty Ends Close To 26,000, Sensex Gains 600 Points As SBI Life, Grasim Ind Shares Lead
Stock Market Today: Nifty, Sensex Log Gains For Third Week In Pre-Diwali Rally; RIL, ICICI Bank Jump
POPULAR