That's all for today's live market coverage. You may track NDTV Profit's live blog on Q2 earnings update for latest releases post market hours.
Market At Close: Nifty, Sensex Snap Two-Day Losing Streak
Nifty snaps 2-day losing streak; close above 25,300 mark
Benchmarks slightly underperform Broader Market Indices
Bajaj Finance and Nestle are the top gainer in Nifty
Nifty Smallcap 250 snaps 2-day losing streak; TV18 Broadcast and CESC gain the most
Persistent Systems and Bank of Maharashtra gain the most in Nifty Midcap 150
Persistent Systems gain over 7% after its Q2 numbers beat estimates
All Sectors End Green Except Nifty Media
Nifty Realty Is the top sectoral gainer, Gains led By Prestige Estate Projects & Sobha
Nifty Media Emerges as Top Sectorial Loser, Fall Led By Tips Music & Dish TV
Nifty Oil & Gas, Auto, Pharma, FMCG Snaps Its 2 Day Lossing Streak
Nifty Metal & IT Snaps Its 3 Day Losing Streak
Nifty Media Fall For Second Consecutive Day
Rupee Closes Sharply Higher Against US Dollar
Rupee closed 73 paise stronger at 88.07 against US dollar
It closed at 88.80 a dollar on Monday
Source: Bloomberg
Stock Market LIVE: AstraZeneca Pharma To Launch Sodium Zirconium Cyclosilicate Powder
AstraZeneca Pharma will launch sodium zirconium cyclosilicate powder for oral suspension in India. sodium zirconium cyclosilicate powder indicated for treatment of hyperkalaemia in adults.
Stock Market News: Marsons Gets Order Worth Rs 25.8 Crore From West Bengal
Marsons received order worth Rs 25.8 crore from West Bengal State Electricity Distribution Co, the company said in the exchange filing.
Abakkus Asset Manager Forays Into Mutual Funds With Flexi-Cap, Promises Innovative Products
Despite a dip in the inflows into actively managed equity during the month of September, the inflows into flexi cap funds were stable at Rs 7,029.26 crore. Sunil Singhania, Founder of Abakkus Asset Manager, has chosen to venture into this category as they announce the firm's foray into mutual fund. This move is broadly to democratise institutional-grade equity research and cater to a massive segment of small-scale investors. The company's initial product focus will be a flexi-cap fund, one of the most popular categories in the equity market, and then streamline into more innovative products.
Q2 Earnings Update LIVE: Tata Communication Falls After Net Profit Declines
Tata Communications Q2 Highlights
Revenue up 6.5% at Rs 6,100.00 crore versus Rs 5,728.00 crore.
Ebitda up 3.9% at Rs 1,174.00 crore versus Rs 1,129.00 crore.
Margin at 19.2% versus 19.7%.
Net Profit down 19.4% at Rs 183.00 crore versus Rs 227.00 crore.
Q2 Earnings Update: IRFC Share Price Falls After Top Line Declines
IRFC Q2 Highlights
Total Income down 7.7% at Rs 6,372 crore versus Rs 6,900 crore.
Declares Interim Dividend of Rs 1.05 per share.
Net Profit up 10.2% at Rs 1,777 crore versus Rs 1,613 crore.
Stock Market News: Chalet Hotels Launches Premium Lifestyle Hospitality Brand 'Athiva'
Chalet Hotels Ltd. launched premium lifestyle hospitality brand 'Athiva'. The company will use brand 'Athiva' over existing portfolio and pipeline of hotels, the company said in the exchange filing.
Q2 Earnings LIVE: Tips Music Share Price Swings Post Results
Tips Music Q2 Highlights
Revenue up 10.7% at Rs 89.20 crore versus Rs 80.60 crore.
Ebitda up 13.9% at Rs 67.70 crore versus Rs 59.50 crore.
Margin at 75.9% versus 73.8%.
Net Profit up 10.4% at Rs 53.20 crore versus Rs 48.20 crore.
Track live update on Q2 earnings here.
Stock Market LIVE: Paytm Will Transfer Offline Merchants Payment Business To Arm Paytm Payments
One 97 Communication Ltd. owned Paytm will transfer offline merchants payment business to arm, Paytm Payments Services.
The arm will get lump sum cash consideration for transfer of offline merchants payment business.
Proposed transfer to result in consolidation of group's online and offline businesses under the arm.
The transfer will ensure that all payment aggregation activities housed within one regulated entity.
Stock Market News: Cartrade Tech Hits New Traffic Peak
Cartrade Tech Ltd. hit a new traffic peak at 57 million monthly active users on CarWale and BikeWale, the company said in the exchange filing.
Stock Market LIVE: Nifty Top Gainers & Losers As Of 12:34 PM
Stock Market LIVE: Government Extends BSNL CMD Ravi's Additional Charge As CMD MTNL For Three Months
The Government of India extended BSNL's Chairman and Managing Director Robert J Ravi's tenure as CMD, Mahanagar Telephone Nigam Ltd for three months.
Stock Market Today|Stock Market News: Trent's Board Will Consider Earnings On Nov 7
Trent Ltd. share price rose 1.53% to Rs 4,688 apiece.
Stock Market News: Peak XV Partners Investments V To Sell Stakes In Ixigo
Peak XV Partners Investments V will sell 3.3% stake in Ixigo's parent firm Le Travenues Technology Ltd. The shareholding of Peak XV Partners Investments V in company at 6.7% post sale.
Stock Market News: Grasim Industries Commences Commercial Production At Co's Plant
Grasim Industries commenced commercial production at company's paints plant in Kharagpur, West Bengal, the company said in the exchange filing.
Stock Market News: Power Mech Projects Gets Order Worth Over Rs 2,500 Crore From BHEL
Power Mech Projects Ltd. received order worth over Rs 2,500 crore from Bharat Heavy Electricals Ltd. for thermal power project in Telangana Power Mech 2939.7, the company said in the exchange filing.
Persistent Systems' Growth Story Remains Intact Post Q2 Beat; Top Brokerages Hike Target Price
Persistent Systems Ltd.'s growth momentum will likely continue, brokerages said after upbeat results for second quarter. JPMorgan, Nuvama, Emkay Global Research, and Nomura hiked target price for the stock.
Rupee Pares Some Gains Against US Dollar
The rupee was trading 47 paise higher at 88.33 a dollar as of 11:08 a.m.
A few minutes after open, the rupee strengthened 81 paise to 87.99 against US dollar. It's highets level since Sept 18.
The Indian currency sharply gained against US Dollar after reports said that RBI will likely resume FX swaps to aid liquidity.
The Indian unit closed at 88.80 a dollar on Tuesday.
Source: Bloomberg
F&O: Nifty October Futures Rise
The Nifty October futures rose 0.76% to 25,397, with a premium of 109 points as of 10:45 a.m.
The Nifty Oct 21 Expiry: Most Call Open Interests are concentrated at 25,300 strikes, while most Put OIs are written at 25,200.
Nifty, Sensex| Stock Market Today: Nifty Realty Leads Gains
On National Stock Exchange, 14 sectoral indices advanced, one declined out of 15. The NSE Nifty realty was leading rally as Lodha Developers Ltd., Godrej Projects Ltd. led rally.
Stock Market LIVE: Nifty Top Gainers And Losers As Of 10:26 AM
LIVE: Rupee Strengthens Above 88 Against US Dollar
Rupee strengthened 81 paise to 87.99 against US dollar
It's the highest level since Sept 18
It closed at 88.80 a dollar on Monday
Source: Bloomberg
Market Experts' View: Traders May Buy On Dips Amid High Volatility
"Nifty index is trading in a congestion range (25,000-25,350 spot zone) for past couple of sessions. We continue to uphold our cautiously bullish stance on Nifty index till it is holding above 25,000 spot levels in closing basis. On the flip side, cross and sustenance above 25,350-25,400 spot zone hold the key for further up move towards 25,675 spot levels in near term."Vipin Kumar, Assistant Vice President, Technical and Derivatives Research, Globe Capital Market
"In the current environment of heightened volatility and mixed market cues, traders are advised to maintain a cautious “buy-on-dips” approach, particularly when using leverage. Booking partial profits during rallies and maintaining tight trailing stop-losses is recommended to manage risk. Fresh long positions should be considered only if the Nifty sustains above the 25,300 mark. While the broader market undertone remains cautiously bullish, close monitoring of key technical levels and global developments will be crucial in the sessions ahead."Amruta Shinde, Technical & Derivative analyst, Choice Broking
Stock Market Today|Stock Market LIVE: Tata Motors Share Price Rebound From Eight-Day Winning Streak
Tata Motors share price rose 1.91% to Rs 403.00 apiece. The stock slumped for eight sessions to Tuesday because of the demerger of its commercial vehicle business.
Nifty, Sensex| Stock Market Today: Persistent Systems Share Price Jumps To Nearly Three-Month High
Persistent Systems Ltd. share price jumped 6.78% to Rs 5,699.20 apiece, the highest level since July 23. It was trading 6.67% higher at Rs 344.40 apiece as of 9:29 a.m.
Persistent Systems reported a 11% on quarter increase in its consolidated net profit for second quarter.
Sectoral Performance At Open: Nifty PSU Bank Leads Gains
On National Stock Exchange, 14 sectoral indices advanced, and one declined out of 15. The NSE Nifty PSU Bank advanced the most, while the NSE Nifty Media emerged as the worst performing stock.
Stock Market Today| Nifty Contributors: ICICI Bank, Airtel, L&T Shares Support Gains
ICICI Bank Ltd., Bharti Airtel Ltd., Larsen & Toubro Ltd., Reliance Industries Ltd., and HDFC Bank Ltd. added to the NSE Nifty 50 index.
Axis Bank Ltd., Titan Co Ltd., Tech Mahindra Ltd., Dr. Reddy's Laboratories Ltd., and Max Healthcare Institute Ltd. limited gains to the NSE Nifty 50 index.
Stock Market Today|Stock Market LIVE: Nifty, Sensex Rise As RIL, ICICI Bank Shares Lead
The NSE Nifty 50 and BSE Sensex rose as Reliance Industries Ltd. and ICICI Bank Ltd. shares led. The indices were trading 0.41% and 0.20% higher, respectively as of 9:20 a.m.
LIVE: Yield On 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.51%
Source: Bloomberg
LIVE: Rupee Opens Sharply Higher Against US Dollar
Rupee opened 52 paise stronger at 88.28 against US dollar
It closed at 88.80 a dollar on Monday
Source: Bloomberg
Brokerages Radar: Cyient DLM And TCS In Focus After Target Price And Revenue Estimate Cuts
Cyient DLM and Tata Consultancy Services are under the brokerage lens today following key updates.
Analysts have maintained neutral and hold ratings on the stocks, with target price adjustments and changes to revenue estimates reflecting cautious outlooks on near-term growth visibility and the impact of one-off costs.
Gold, Silver Prices Hit Fresh Record High
Gold prices in India today were trading at levels above the Rs 1,26,000 mark, amid the festive season. The gold price today rallied to a fresh high of Rs 1,26,520 according to the India Bullion Co. The prices jumped over Rs 5,000 after the commodity was trading at Rs 1,21,660 on Oct. 11.
Asia Markets LIVE: Japan's Nikkei 225, South Korea's KOSPI Rise Over 1%
Markets in Japan, South Korea, Hong Kong, and Mainland China advanced as prospect for another quarter-basis-point rate cut in the US increased. US Federal Reserve Chair Jerome Powell expressed concerns about weakening labour market, which fuelled hopes for further monetary easing.
The Nikkei 225 and KOSPI were trading 1.27% and 1.80% higher, respectively as of 7:52 a.m. The Hang Seng was trading 1.58% higher.
LIVE: GIFT Nifty Indicates Muted Open; Tech Mahindra, Cyient DLM, Ola Electric Shares In Focus
The GIFT Nifty was trading 0.04% or 10.50 points higher at 25,276 as of 6:36 a.m., which implied a muted open with a positive bias.
Tech Mahindra Ltd., Cyient DLM Ltd., Thyrocare Technologies Ltd., and Persistent Systems Ltd. shares will be in focus because of the lastest quarterly reports.
Traders will also monitor Ola Electric Mobility Ltd., Keystone Realtors Ltd., Star Cement Ltd., Kirloskar Ferrous Industries Ltd. shares because of the overnight news flow.
The NSE Nifty 50 and BSE Sensex ended lower for two sessions in a row. The Nifty 50 and Sensex settled 0.32% and 0.36% down, respectively on Tuesday.
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