That's all for Thursday's real-time market coverage. Thank you for joining us, today!
Closing Bell: Nifty, Sensex Decline For Second Session
The NSE Nifty 50 and BSE Sensex declined for second session as Grasim Industries Ltd. and Hindalco Industries Ltd. shares weighed. The indices closed 0.34% and 0.18% down, respectively as of 3:34 p.m.
Rupee Closes Stronger Against US Dollar
Rupee closed 3 paise stronger at 88.63 against US Dollar
It closed at 88.66 a dollar on Tuesday
Source: Bloomberg
Q2 Earnings LIVE: NCC Share Price Falls Sharply After Posting Disappointing Results
NCC Q2 Earnings Key Highlights (Consolidated, YoY)
Net Profit fell 5.1% to Rs 155 crore versus Rs 163 crore
Revenue fell 12.6% to Rs 4,543 crore versus Rs 5,196 crore
Ebitda fell 11.2% to Rs 393 crore versus Rs 443 crore
Margin at 8.7% versus 8.5%
Stock Market LIVE: Tata Motors Gifts Indian Women's Cricket Team Exclusive First Lot Of Tata Sierra
In a gesture celebrating excellence and national pride, Tata Motors Passenger Vehicles has announced a special tribute to the Indian Women's Cricket Team for their extraordinary achievement and stellar performance at the ICC Women's World Cup.
The historic win at the DY Patil Stadium over South Africa ended decades of near misses, including heartbreaking losses in the 2005 and 2017 finals, making the Indian Women's team the champion of the world for the first time ever.
Stock Market LIVE: Epack Prefab Gets Orders Worth Rs 175 Crore From Inox Neo Energies And Reliance Industries
Epack Prefab Technologies received orders worth Rs 175 crore from Inox Neo Energies and Reliance Industries Ltd., the company said in the exchange filing.
Q2 Earnings LIVE: UPL Share Price Drops After September Quarter Results
UPL Earnings Key Highlights (Consolidated, YoY)
Net Profit at Rs 553 crore versus loss of Rs 443 crore
Revenue rose 8.4% to Rs 12,019 crore versus Rs 11,090 crore
Ebitda rose 48% to Rs 2,001 crore versus Rs 1,352 crore
Margin at 16.6% versus 12.2%
One-time gain of Rs 142 crore in second quarter.
Track faster updates on second-quarter earnings here.
IPO News: SBI Approves IPO Of Mutual Fund Arm — Details Inside
State Bank of India (SBI) is set to take its asset management arm public. The executive committee of the lender's board has approved a partial divestment of its stake in SBI Funds Management Limited (SBIFML) through an Initial Public Offering (IPO), according to an exchange filing on Thursday.
Q2 Earnings LIVE: Abbott India Share Price Rises As Net Profit Increases
Abbott India Q2 Earnings Key Highlights (Consolidated, YoY)
Net Profit rose 15.8% to Rs 415 crore versus Rs 359 crore
Revenue rose 7.6% to Rs 1,757 crore versus Rs 1,633 crore
Ebitda rose 14.4% to Rs 502 crore versus Rs 439 crore
Margin at 28.6% versus 26.9%
Q2 Earnings LIVE: Zydus Life Share Price Swings Post Q2 Results
Zydus Lifesciences Q2 Highlights (Consolidated, YoY)
Revenue up 16.9% to Rs 6,123.00 crore versus Rs 5,237.00 crore
Net Profit up 38% to Rs 1,258.60 crore versus Rs 911.20 crore
Q2 Earnings LIVE: JSW Holdinds Share Price Falls After Reporting Decline In Net Profit
JSW Holdings Q2 Highlights (Consolidated, YoY)
Revenue down 48.5% at Rs 83.6 crore versus Rs 162 crore
EBITDA down 49.5% to Rs 78 crore versus Rs 158 crore
Margin at 95.7% versus 97.7%
Net profit down 43.9% to Rs 67.2 crore versus Rs 120 crore
Stock Market LIVE: Blue Star Shares Fall After Full-Year Guidance Cut Despite Q2 Profit Rise
Blue Star shares fell 5% on Tuesday, marking their steepest intraday drop in six months, after the company reduced its full-year growth forecast despite posting steady second-quarter earnings.
The company reported a 2.8% year-on-year increase in consolidated net profit to Rs 98.8 crore in the September quarter, compared with Rs 96.1 crore a year earlier. Revenue rose 6.4% to Rs 2,422 crore from Rs 2,276 crore, while Ebitda grew 22.8% to Rs 183 crore. The operating margin improved to 7.6% from 6.6% in the same period last year.
Q2 Earnings LIVE: Godrej Properties Share Price Falls As Profitability Declines
Godrej Properties Q2 Earnings Key Highlights (Cons, YoY)
Revenue fell 32.3% to Rs 740 crore versus Rs 1,093 crore
Ebitda loss of Rs 513 crore versus Ebitda of Rs 31.9 crore
Net Profit rose 20.8% to Rs 405 crore versus Rs 335 crore
Q2 Earnings LIVE: Symphony Share Price Falls As Net Profit Declines
Symphony Q2 Earnings Key Highlights (Consolidated, YoY)
Revenue fell 43.6% to Rs 163 crore versus Rs 289 crore
Ebitda fell 68.8% to Rs 24 crore versus Rs 77 crore
Margin at 14.7% versus 26.6%
Net profit fell 66.1% to Rs 19 crore versus Rs 56 crore
To pay second interim dividend of Rs 1
PhysicsWallah IPO GMP: What Grey Market Trends Suggest Ahead Of Nov. 11 Launch
Leading ed-tech company PhysicsWallah Ltd. is scheduled to launch its initial public offering (IPO) next week. The company will raise up to Rs 3,100 crore via a fresh issue, and co-founders Alakh Pandey and Prateek Maheshwari will sell equity worth Rs 720 crore via an offer for sale.
The mainboard IPO will remain open for subscription from November 11 to November 13.
Stock Market LIVE: Deepak Fertilisers Shares Fall To One-Month Low After Q2 Result
Shares of Deepak Fertilisers and Petrochemicals Corporation have pared losses up to 4.15% in trade on Thursday.
The stock is trading at Rs 1,442, reaching an intraday high of Rs 1,472, falling to a nearly one-month low.
Q2 Earnings LIVE: Indoco Remedies Share Price Sinks After Reporting Loss
Indoco Remedies Q2 Earnings Key Highlights (Consolidated, YoY)
Revenue rose 12% to Rs 485 crore versus Rs 433 crore
Ebitda rose 7% to Rs 43.1 crore versus Rs 40.3 crore
Margin at 8.9% versus 9.3%
Net loss of Rs 7.9 crore versus loss of Rs 9.6 crore
Stock Market LIVE: India's Service PMI Contracts To 58.9 In October
HSBC India services Purchasing Manager's Index contracted to 58.9 versus 60.9 in September.
Stock Market LIVE: Risk Management Committee Requirements Expanded, SEBI Chair Tuhin Kanta Pandey Says
Board composition: Greater focus on independence, diversity, and accountability
Disclosure norms: Shift from mere filings to meaningful transparency with context
Related party transactions: Scaled thresholds to protect investors while allowing flexibility
Special rights: Periodic shareholder approval needed; no permanent board seats
Compliance officer: Must be a whole-time key managerial person (KMP), close to board level
Women independent directors: Voluntary but encouraged
Independent directors’ meetings: More frequent, with expanded risk management oversight
Top 2000 listed companies: Risk management committee requirements expanded
Source: Tuhin Kanta Pandey, SEBI Chairperson, speaking at the Excellence Enablers event
Stock Market LIVE: Lence To Buy Stake In AWL Agri Business
Lence Pte will buy up to 20% stake in AWL Agri Business from Adani Commodities. The total shareholding of Lence Pte stands at 63.9% post acquisition, the company said in the exchange filing.
Stock Market LIVE: Ola Electric Mobility Share Price Trades Lower Despite Net Loss Declining
Ola Electric Mobility Q2 Earnings Key Highlights (Consolidated, YoY)
Revenue fall 43.2% at Rs 690 crore versus Rs 1,214 crore
Ebitda loss of Rs 203 crore versus Ebitda loss of Rs 379 crore
Net loss of Rs 418 crore versus loss of Rs 495 crore
IPO News: MTR-Parent Orkla Shares Debut At Nearly 3% Premium Over IPO Price
Orkla India Ltd. listed on the National Stock Exchange on Thursday at Rs 750.10 apiece, a premium of 2.75% over its issue price of Rs 730 apiece.
On the BSE, the stock debuted at Rs 751.50, a 2.95% premium.
The Rs 1,668-crore IPO saw a tepid response on its launch day but was subscribed 3.7 times on the final day.
Stock Market Today: Morgan Stanley On Consumer Durables
Havells – Downgrade to Equal-weight from Overweight; Cut TP to Rs 1660 from Rs 1787
Voltas – Downgrade to Equal-weight from Overweight; Hike TP to Rs 1501 from Rs 1438
Crompton Consumer – Maintain Equal-weight; Cut TP to Rs 310 from Rs 337
Morgan Stanley downgraded Havells and Voltas to Equal-weight
Poorer earnings visibility
Outlook for cooling products has deteriorated given high channel inventory, extended monsoon in Q3 and expectations of colder winter
Price reductions from a lower GST will be offset by higher costs to comply with regulations
*Morgan Stanley on Consumer Durables* Havells – Downgrade to Equal-weight from Overweight; Cut TP to Rs 1660 from Rs 1787 Voltas – Downgrade to Equal-weight from Overweight; Hike TP to Rs 1501 from Rs 1438 Crompton Consumer – Maintain Equal-weight; Cut TP to Rs 310 from Rs 337 Downgrade Havells & Voltas to Equal-weight Poorer earnings visibility Outlook for cooling products has deteriorated given high channel inventory, extended monsoon in Q3 and expectations of colder winter Price reductions from a lower GST will be offset by higher costs to comply with regulationsStock Market LIVE: M&M Sells Stake In RBL Bank; Stock Rises Over 2%
Mahindra & Mahindra Ltd. sold stakes in RBL Bank Ltd, the private lender said in an exchange filing. This stake sale followed Emirates NBD's announcement late October of an open offer for 26% stake in RBL Bank.
RBL Bank share price rose 2.52% to Rs 332 apiece.
Stock Market LIVE: Nifty PSU Bank Touches New High
The NSE Nifty PSU Bank rose 0.71% to a new high of 8,391.55. The index was trading 0.45% higher at 8,370 as of 9:25 a.m.
Sectoral Performance At Open: Nifty Metal Falls The Most
On National Stock Exchange, nine sectoral indices advanced, five sectoral indices declined out of 15. The NSE Nifty Metal declined the most, and the NSE Auto rose the most.
Nifty Contribution: RIL, M&M, Asian Paints Support Gains
Opening Bell: Nifty, Sensex Open Slightly Higher
The NSE Nifty 50 and BSE Sensex opened slightly higher as Reliance Industries Ltd. and Mahindra & Mahindra Ltd. shares supported. Gains in global equities also supported the benchmark indices.
The indices were trading 0.28% and 0.41% 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 6.52%
Source: Bloomberg
LIVE: Rupee Opens Stronger Against US Dollar
Rupee opened 13 paise stronger at 88.53 against US Dollar
It closed at 88.66 a dollar on Tuesday
Source: Bloomberg
BPCL, Dabur, Godrej Consumer, HUL, NTPC Dividends: Last Day To Buy Shares To Qualify
Shares of Bharat Petroleum Corp., Dabur Ltd., Godrej Consumer Products Ltd., and Hindustan Unilever Ltd. will be of interest on Thursday, as the day marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.
The record date determines the eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.
Adani Ports & SEZ Q2 Review: Brokerages Hike Target Price On Improved Growth Outlook
Top brokerages hiked the target price for Adani Ports and Special Economic Zone Ltd. following robust second-quarter results of the company. According to Goldman Sachs, the risk-reward ratio of the stock looks attractive.
Disclaimer: NDTV is a subsidiary of AMG Media Networks Limited, an Adani Group Company.
The Curious Case Of Oswal Overseas: Zero Revenue, Rs 1.99-Crore Loss And A 2,426% Stock Surge
In Bareilly's sugar belt, a company that once bought cane from farmers is now under auction orders for unpaid dues. Yet, even as production remains halted, Oswal Overseas Ltd.'s share price has risen 2,426% since March, turning a small sugar producer into one of the year's most actively traded penny stocks.
The Delhi-headquartered firm reported zero revenue and a Rs 1.99-crore loss for the July–September quarter of FY26. Its shares, which traded at Rs 5.39 on March 27, rose 204% between July and September — the same quarter in which it posted no income—and have climbed another 61% since October. The company now commands a market capitalisation of about Rs 176 crore.
Read the full article here.
Asia Markets LIVE: Japan's Nikkei 225 Rises Over 1%
Markets in Asia region gained on Thursday tracking overnight gains in US stocks as data indicated strength of labour market in the world's largest economy and buyers stepped after a brief pause.
The Nikkei 225 was trading 1.13% higher, while the KOSPI was 0.8% as of 7:17 a.m.
LIVE: GIFT Nifty Hints At Positive Open; GRSE, Chalet Hotels, GE Vernova, Fortis Shares In Focus
The GIFT Nifty was trading 0.23% or 59.50 points down at 25,735 as of 6:51 a.m. However, the NSE Nifty 50 index is expected to open slightly higher because of the positive global cues.
GE Vernova T&D India Ltd., Fortis Healthcare Ltd. One 97 Communication Ltd., and Siemens Energy shares will likely react as these got added to MSCI Global Standard Index in MSCI November rejig.
Indian benchmark indices concluded the trading session in negative territory on Monday, with the Nifty 50 closing below the critical 25,600 mark amid broad-based selling pressure across the entire market.
RECOMMENDED FOR YOU
Nifty Reclaims 26,000, Sensex Ends 100 Points Higher As Markets Snap Four-Day Losing Streak
Stock Market Today: Nifty Ends Below 25,900, Sensex Slips 520 Points From Day's High
Stock Market Today: Nifty, Sensex Snap Six-Day Gaining Streak As HDFC Bank, ICICI Bank Shares Weigh
Stock Market Today: Nifty, Sensex Gain For Third Session In A Row On India-US Trade Deal Optimism
POPULAR