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Markets At Open: Nifty, Sensex Rise For Second Session
The NSE Nifty ended in green, above the important mark of 25,650
Gains in Nifty were led by InterGlobe Aviation Ltd. and Mahindra & Mahindra Ltd.
Nifty Midcap ends in green, up 0.5%
Gains in Nifty Midcap were led by Voda Idea and Bharat forge
Nifty smallcap 250 ends in red, Balaji Amines and Olectra Green tech fell the most
Sectors end on a mixed note
Nifty IT remains top sectoral gainers, Persistent systems & Coforge gained the most
Nifty Oil & Gas gain for third consecutive day
Nifty realty fell for 5th consecutive day
Nifty Auto gained for 4th day in a row
Nifty Metal & bank gains for 3rd day in row
Nifty FMCG snaps seven-day losing streak
Nifty Media falls for fifth day in a row
Rupee Closes Stronger Against US Dollar
Rupee closed 13 paise stronger at 88.57 against US Dollar
It closed at 88.70 a dollar on Monday
Source: Bloomberg
Q2 Earnings LIVE: Indo Count Industries Swings Post Results
Indo Count Industries Q2 Results Key Highlights (Consolidated, YoY)
Net Profit fall 51.5% to Rs 39.02 crore versus Rs 80.4 crore
Revenue rose 2.5% to Rs 1,062 crore versus Rs 1,036 crore
EBITDA fell 33.8% to Rs 104 crore versus Rs 157 crore
Margin at 9.8% versus 15.1%
Q2 Earnings LIVE: Lloyds Enterprises Share Price Falls As Net Profit Decreases
Lloyds Enterprises Q2 Earnings Key Highlights (Consolidated QoQ)
Revenue rose 22.9% to Rs 407 crore versus Rs 331 crore
Ebitda rose 5.8% to Rs Rs 23.7 crore versus Rs 22.4 crore
Margin at 5.8% versus 6.8%
Net Profit fell 89.8% to Rs 23.5 crore versus Rs 230 crore
Q2 Earnings LIVE: Jupiter Wagons Share Price Falls Sharply After Net Profit Decreases
Jupiter Wagons Q2 Earnings Key Highlights (Consolidated, YoY)
Margin at 13.2% versus 13.8%
Ebitda fell 25.7% to Rs 104 crore versus Rs 139 crore
Revenue fell 22.1% to 786 crore versus Rs 1,009 crore
Net Profit fell 48.1% to Rs 46.6 crore versus Rs 89.7 crore
Q2 Earnings LIVE: Bosch Pares Most Losses
Bosch Q2 Earnings Key Highlights (YoY)
Net Profit rose 3.4% to 554 crore versus Rs 536 crore
Revenue rose 9.1% to Rs 4,795 crore versus Rs 4,394 crore
Ebitda rose 10.1% to Rs 617 crore versus Rs 561 crore
Margin at 12.9% versus 12.8%
Q2 Earnings LIVE: Hindustan Copper Share Price Rises As Net Profit Increases
Hindustan Copper Q2 Earnings Key Highlights (Consolidated, YoY)
Net Profit rose 83% to Rs 186 crore versus Rs 102 crore
Revenue rose 38.6% to Rs 718 crore versus Rs 518 crore
Ebitda rose 85.8% to Rs 282 crore versus Rs 152 crore
Margin at 39.3% versus 29.3%
Stock Market LIVE: Shyam Metalics October Business Update
Stainless Steel sales fell 2.5% on the year to 6,372 metric ton
Aluminium foil sales fell 11.6% on the year to 1,369 metric ton
Pellet sales rose 43% to 90,711 metric ton
Speciality alloys sales fell 8% to 16,189 metric ton
Source: Exchange filing
Stock Market LIVE: Macquarie On Adani Green Energy
Fundamental thesis still intact
Recent correction is a good entry point
Trump mentioning the tariffs on India to be brought down significantly & close to finalising a deal is positive
The DOJ issues will go away in the near term + potential MSCI inclusion are the triggers
Stock Market LIVE: MOIL Share Price Rises After Reporting Profit
MOIL Q2 Earnings Key Highlights (QoQ)
Revenue flat at Rs 348 crore
Ebitda rose 26.3% to Rs 99.5 crore versus Rs 78.8 crore
Margin at 28.6% versus 22.6%
Net Profit rose 36.7% to Rs 70.4 crore versus Rs 51.5 crore
Stock Market LIVE: Britannia Industries Share Price Pares Losses
Earlier in the day, Britannia Industries share price declined 6.69% to Rs 5,723 apiece. It pared losses to trade 3.84% down at Rs 5,896 as of 1:13 p.m.
Stock Market LIVE: Bharat Forge Share Price Extends Gains
Bharat Forge share price rose 3.88% to Rs 1,380 apiece. It was trading 3.22% higher at Rs 1,380 apiece as of 1:10 p.m.
Q2 Earnings LIVE: Bharat Forge Share Price Rises After Net Profit Increases
Bharat Forge Q2 Earnings Key Highlights (Consolidated, YoY)
Net Profit rose 23% to Rs 299 crore versus Rs 243 crore
Revenue rose 9.3% to Rs 4,032 crore versus Rs 3,689 crore
Ebitda rose 12% to Rs 726 crore versus Rs 647 crore
Margin at 18% versus 17.5%
The board has given a in -principal approval for fundraising of up to Rs 2,000 crore via debt instruments
Stock Market LIVE: Investec On Dr. Reddy's Labs
Maintain Buy with a target price of Rs 1,615, which implied a 35% upside
Initiate tactical Buy
Set for an approval in India soon after SEC recommended approval
This would open up a large EM opportunity
Believe overall EMs would be bigger than Canada over the next 3 year
Canada approval is important from a near term perspective
Also enthused by Shaily Engg comments that they are preparing for the upcoming Canada launch in Mar26 with a partner
Q2 Earnings Live: Cera Sanitaryware Share Price Falls As Net Profit Declines
Cera Sanitaryware Q2 Earnings Key Highlights (YoY)
Revenue fell 0.4% to Rs 488 crore versus Rs 490 crore
Ebitda fell 3.5% to Rs 67.1 crore versus Rs 69.6 crore
Margin at 13.8% versus 14.2%
Net Profit fell 16.8% to Rs 56.7 crore versus Rs 68.1 crore
Stock Market News: GM Breweries Appoints Hardik Shah As Independent Director
GM Breweries Ltd. appointed Hardik Shah as an independent director for five years, the company said in the exchange filing.
Stock Market LIVE: Karur Vysya Bank Opens New Branch In Kochadai Village of Madurai
Karur Vysya Bank opened a new branch in Kochadai village of Madurai. The total number of brnaches in India is at 896 now, the company said in an exchange filing.
October AMFI Data: Inflows Into Active Equity Mutual Funds Decline By 19%
Actively managed equity mutual funds recorded a Rs 24,690.33 crore inflow during October, lower by 19% compared to the inflow of Rs 30,421.69 crore recorded in September, as per the monthly data released by the Association of Mutual Funds in India.
Stock Market LIVE: Sai Life Sciences Plans To Recruit 200 Scientists In November
Sai Life Sciences Ltd. planned to recruit 200 scientists in November to meet rising demand for discovery and CMC Services, the company said in the exchange filing.
Stock Market Today: BofA View On Adani Group Bonds
Initiate with Overweight ratings
Strong fundamentals, resilient operations
Funding access Intact despite the 2023 short-seller report and the 2024 U.S. DOJ indictment
No downgrades across three years underscore operational strength and conservative leverage management
Systemic risk contained; robust access to domestic and international funding
Active bond buybacks show balance sheet maturity
Adani bonds still priced at a governance premium despite rating stability
Operational cash flows support expansion and deleveraging
Strong visibility into refinancing and regulatory protection
Strong assets anchor robust cash flows for Adani issuers
Stock Market LIVE: Hindalco Targets Aluminium Downstream Ebitda Of Rs 4,000 Crore By FY30
Hindalco Industries Ltd. is targeting an aluminium downstream Ebitda of Rs 4,000 crore by FY30, according to Managing Director (MD) Satish Pai.
“Many of our large projects, like Aditya FRP (flat-rolled products), Silvassa, are ramping up. I think we are well on our way to reach that Rs 4,000 crore target by FY30,” he said during a conversation with NDTV Profit on Monday.
Bajaj Finance Remains Top Stock For Jefferies, CLSA Despite Growth Guidance Reduction — Here's Why
Jefferies and CLSA retained Bajaj Finance Ltd. shares as their top picks despite disappointing asset under management and growth guidance and rising credit cost. Bajaj Finance retained its preference from top brokerages because the stock is expected to yield decent returns to shareholders.
Stock Market LIVE: Paras Defence's Arm Gets Rs 3.95 Crore Order From Defence Ministry
Paras Defence and Space Technologies Ltd.'s arm Paras Anti-Drone Tech received Rs 3.95-crore order from the Defence Ministry for anti-drone systems, the company said in the exchange filing.
IPO News: Pine Labs IPO Subscribed 57%
The Pine Labs IPO has been subscribed 57% as of 10:39 a.m. on Tuesday.
Qualified Institutional Buyers (QIBs): 0.64 times or 64%.
Non-Institutional Investors (NIIS): 0.14 times or 14%.
Retail Individual Investors: 0.97 times or 97%.
Employee reserved: 5.35 times.
Stock Market LIVE: Zydus Lifesciences Gets Approval From China's NMPA For Depression Drug
Zydus Lifesciences received approval from China's NMPA for Venlafaxine exetended-release capsules. The capsules is indicated for treatment of depression, anxiety disorders, the company said in the exchange filing.
Stock Market LIVE: Vodafone Idea Share Price Surge Post Second Quarter Result
Vodafone Idea Ltd.'s share price surged over 3% on Tuesday after the company posted its second quarter results.
Stock Market LIVE: Acme Solar Gets Power Project Order From SJVN
Acme Solar Holdings received 450 megawatt–1,800 megawatt power project from SJVN at tariff of Rs 6.75 apiece per unit, the company said in the exchange filing.
Stock Market LIVE: Britannia Share Price Slumps As CEO Varun Berry Resigns Before End Of Term
Share price of Britannia Industries Ltd. saw a steep decline in early trade on Tuesday, after the company shifted hands from chief executive officer, Varun Berry to his incumbent, Natarajan Venkataraman.
Nifty Detractors: Bajaj Finance, Bajaj Finserv Weigh
Markets At Open: Nifty, Sensex Extend Gains At Open
The NSE Nifty 50 and BSE Sensex extended gains at open tracking a rise in Reliance Industries Ltd., and HDFC Bank Ltd. The indices erased all gains shortly after open.
The Nifty 50 and Sensex were trading 0.19% and 0.24% down, respectively as of 9:21 a.m.
Stock Market LIVE: Adani Group Announces Strategic Entry Into Battery Energy Storage Sector
The BESS project would have a power capacity of 1126 MW and energy capacity 3530 MWh
It will be the largest BESS installation in India and one of the world’s largest single-location BESS deployments
The project is in the advance stages of deployment at Khavda, the worlds’ largest renewable energy plant
Scaling Ambitions: 15 GWh by FY27 and 50 GWh in Five Years
LIVE: Rupee Opens Flat Against US Dollar
Rupee opened flat at 88.70 against US Dollar
Source: Bloomberg
Gold Price Near Rs 1,24,600 Levels
Gold prices in India stood at Rs 1,24,590 on Tuesday as the longest government shutdown in US history nears end.
The metal held gains after recording its biggest daily jump since May, trading around $4,140 an ounce. Gold remains on course for its strongest annual gain since 1979, having reached a series of record highs before retreating last month. US rate cuts have underpinned prices, which have also been buoyed by inflows into bullion-backed exchange-traded funds and sustained central bank buying.
Pre-Market Experts' View: Buying On Dips Likely To Take Place
"The Nifty is trading within a broad rising channel, holding firm above its key support zone at 25,500–25,550. A sustained breakout above 25,700–25,820 could trigger fresh momentum toward 26,000, while a slip below 25,500 may prompt a retest of 25,300–25,150. Overall, as long as the index holds above the lower channel base, the broader market structure remains constructive, with dips likely to attract renewed buying interest."Ponmudi R, CEO, Enrich Money
"We expect markets to remain range-bound tracking global cues, while optimism around better than expected corporate earnings and any progress in India–U.S. trade talks could provide upside support."Siddhartha Khemka, Head, Research, Wealth Management, Motilal Oswal Financial Services
‘I’m Going Quiet’: Warren Buffett’s Farewell Letter To Shareholders As CEO
Warren Buffett, in his final letter as Chief Executive Officer of Berkshire Hathaway, on Monday told shareholders that he will be “going quiet” once he steps down at the end of this year.
After nearly six decades at the helm, Buffett will no longer pen the famed annual letter that has accompanied the company’s report since 1965. His successor, Greg Abel, will take over as CEO and continue the tradition of writing to shareholders. However, Buffett said he will still send his personal Thanksgiving message each year to his children and shareholders.
Asia Markets LIVE: South Korea's KOSPI Jumps 2%
Markets in Asia rose on optimism that the end of the US Government shutdown is close and artificial intelligence-led recovey rally. South Korea's KOSPI jumped nearly 2%.
Japan's Nikkei 225 and South Korea's KOSPI were trading 0.39% and 1.84% higher, respectively as of 7:36 a.m.
LIVE: GIFT Nifty Hints At Muted Open; Bajaj Consumer, Gujarat Gas, Vodafone Idea Shares In Focus
The GIFT Nifty was trading 0.04% or 9.50 points down at 25,696.50 as of 6:39 a.m. This hinted a slightly lower-to-muted open for the NSE Nifty 50 index.
Bajaj Consumer Care Ltd., Bajaj Finance Ltd., Gujarat Gas Co. Ltd., Power Mech Projects Ltd. shares are in focus for Tuesday's session.
The Nifty ended in the green, closing above the 25,500 mark, led by gains in Infosys and HCL Tech. Trent and Tata Consumer Products were the biggest drags. The indices settled 0.32% and 0.38% higher, respectively, on Monday.
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