Indian benchmark indices, the Sensex and Nifty 50, are likely to track mixed global cues on Wednesday, November 4, with investors keeping an eye on the US midterm election outcome, crude oil prices, and ongoing geopolitical tensions involving the US-Iran and Russia-Ukraine conflicts.
GIFT Nifty futures were trading 61 points lower at 23,719.5, compared with the Nifty 50 futures' previous close of 23,780.5, indicating a weak start for domestic equities.
In the previous trading session, the BSE Sensex settled at 76,917.85, gaining 1,225.07 points, or 1.62%. The NSE Nifty 50 also ended higher, rising 370.05 points, or 1.58%, to close at 23,810.85.
Global Cues
Asian markets were trading mixed amid uncertainty over the US midterm election results, with early indications pointing towards a possible Democratic victory over Republicans.
South Korea's Kospi rebounded from the previous session's decline, rising 1.6%. However, Japan's Nikkei 225 tumbled 1.56%, while the Topix slipped 0.55%. Australia's ASX 200 was also trading 0.52% lower.
Crude Oil Prices Today
Crude oil prices resumed their upward move on Wednesday, November 4, after declining for two consecutive sessions, as investors assessed the uncertainty surrounding peace negotiations between the US and Iran.
Brent crude was last trading 0.74% higher at $104.30 a barrel.
Qatar's Foreign Ministry spokesperson said the US and Iran were considering fresh proposals put forward by mediators to resolve their differences. However, Iran's national security chief indicated in a social media post that Washington's response to the proposals remained unsatisfactory.
Investors will also track developments in the ongoing geopolitical conflicts, along with the latest corporate earnings announcements, for further cues on the domestic market.
Stock Market Live: NSE Q2 Profit Falls 17% QoQ To Rs 2,578 Crore; Revenue Declines 11%
- NSE reported a 17.4% quarter-on-quarter decline in consolidated net profit to Rs 2,578 crore in Q2, compared with Rs 3,120 crore in the previous quarter.
- Revenue fell 10.8% to Rs 4,067 crore from Rs 4,560 crore, while EBITDA declined 13.3% to Rs 3,079 crore from Rs 3,551 crore.
- EBITDA margin contracted to 75.7% from 77.9%.
Stock Market Live: Awfis Space Q2 Profit Jumps 94% YoY To Rs 30.8 Crore; EBITDA Rises 31%
- Awfis Space reported a 93.7% year-on-year increase in consolidated net profit to Rs 30.8 crore in Q2, compared with Rs 15.9 crore a year ago.
- Revenue rose 19.6% to Rs 439 crore from Rs 367 crore, while EBITDA increased 31.2% to Rs 174 crore from Rs 132 crore.
- EBITDA margin improved to 39.6% from 36.1%.
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Stock Market Live: Datamatics Global Q2: Net Profit Rises 16% YoY To Rs 73.4 Crore; EBITDA Jumps 30%
- Datamatics Global reported a 16.1% year-on-year increase in consolidated net profit to Rs 73.4 crore in Q2, compared with Rs 63.2 crore a year ago.
- Revenue grew 11.5% to Rs 546.6 crore from Rs 490.2 crore, while EBITDA rose 30% to Rs 115.4 crore from Rs 88.8 crore.
- EBITDA margin improved to 21.1% from 18.1%.
Stock Market Live: Sai Silks Q2 Net Profit Falls 22% YoY To Rs 31.1 Crore; Revenue Declines 2%
- Sai Silks reported a 22.4% year-on-year decline in net profit to Rs 31.1 crore in Q2, compared with Rs 40.1 crore a year ago.
- Revenue fell 2.3% to Rs 434 crore from Rs 444 crore, while EBITDA declined 14.1% to Rs 61.6 crore from Rs 71.7 crore.
- EBITDA margin contracted to 14.2% from 16.1%.
Stock Market Live: Bajaj Holdings Q2 Profit Rises 28% YoY To Rs 1,993 Crore Despite 55% Fall In Total Income
Bajaj Holdings reported a 27.9% year-on-year increase in consolidated profit to Rs 1,993 crore in Q2, compared with Rs 1,559 crore a year ago. Total income declined 55.2% to Rs 184 crore from Rs 410 crore.
Stock Market Live: Northern Arc Capital Q2 Profit Rises 41% YoY To Rs 129.3 Crore; Total Income Jumps 39%
- Northern Arc Capital reported a 41% year-on-year increase in consolidated net profit to Rs 129.3 crore in Q2, compared with Rs 91.7 crore a year ago.
- Total income rose 39% to Rs 874 crore from Rs 629 crore.
Stock Market Live: V-Mart Retail Q2 Loss Widens To Rs 16.3 Crore; Revenue Rises 18% YoY
- V-Mart Retail reported a net loss of Rs 16.3 crore in Q2, compared with a loss of Rs 8.9 crore in the year-ago period.
- Revenue grew 18.1% year-on-year to Rs 953 crore from Rs 807 crore, while EBITDA increased 20.1% to Rs 86.1 crore from Rs 71.7 crore.
- EBITDA margin improved marginally to 9% from 8.9%.
Stock Market Live: Xpro India Q2 Net Profit Rises 50% YoY To Rs 7.5 Crore; EBITDA Falls 12%
- Xpro India reported a 50% year-on-year increase in net profit to Rs 7.5 crore in Q2, compared with Rs 5 crore a year ago.
- Revenue grew 47.4% to Rs 177 crore from Rs 120 crore, while EBITDA declined 11.9% to Rs 43.7 crore from Rs 49.6 crore.
- EBITDA margin contracted to 24.7% from 41.4%.
Stock Market Live: Linde India Q2 Profit Falls 31% YoY To Rs 119 Crore; EBITDA Margin Contracts
- Linde India reported a 30.5% year-on-year decline in consolidated net profit to Rs 119 crore in Q2, compared with Rs 171 crore a year ago.
- Revenue increased 12.3% to Rs 723 crore from Rs 644 crore, while EBITDA fell 18% to Rs 232 crore from Rs 282 crore.
- EBITDA margin declined to 32% from 43.8%.
Stock Market Live: Dreamfolks Services Swings To Rs 10.5 Crore Loss In Q2; Revenue Plunges 85% YoY
- Dreamfolks Services reported a consolidated net loss of Rs 10.5 crore in Q2, compared with a net profit of Rs 11.2 crore in the year-ago period.
- Revenue declined 84.9% year-on-year to Rs 31.1 crore from Rs 205.6 crore.
Stock Market Live: Chambal Fertilisers Q2 Net Profit Falls 3% YoY To Rs 632 Crore; Declares Rs 5 Interim Dividend
- Chambal Fertilisers reported a 2.6% year-on-year decline in consolidated net profit to Rs 632 crore in Q2, compared with Rs 649 crore a year ago.
- Revenue rose 9.1% to Rs 6,999 crore from Rs 6,413 crore, while EBITDA increased 6.9% to Rs 900.4 crore from Rs 841.9 crore.
- EBITDA margin declined to 12.9% from 13.1%. The company will pay an interim dividend of Rs 5 per share.
Stock Market Live: GNG Electronics Q2 Profit Jumps 95% YoY To Rs 56.4 Crore; Revenue Rises 52%
- GNG Electronics reported a 95.2% year-on-year increase in consolidated net profit to Rs 56.4 crore in Q2, compared with Rs 28.9 crore a year ago.
- Revenue grew 51.5% to Rs 625 crore from Rs 413 crore, while EBITDA rose 86.3% to Rs 92.8 crore from Rs 49.8 crore.
- EBITDA margin improved to 14.8% from 12.1%.
Stock Market Live: SEAMEC Swings To Rs 50.3 Crore Profit In Q2; Reports Rs 42.4 Crore One-Time Gain
- SEAMEC reported consolidated net profit of Rs 50.3 crore in Q2, compared with a loss of Rs 27.5 crore in the year-ago period.
- Revenue stood at Rs 198 crore against Rs 97.4 crore, while EBITDA came in at Rs 38.1 crore compared with Rs 7.9 crore.
- EBITDA margin improved to 19.2% from 8.1%.
- The company reported a one-time gain of Rs 42.4 crore during the quarter.
Stock Market Live: Global Health Q2 Profit Rises 39% YoY To Rs 221 Crore; EBITDA Jumps 60%
- Global Health reported a 39.3% year-on-year increase in consolidated net profit to Rs 221 crore in Q2, compared with Rs 158 crore a year ago.
- Revenue grew 33.6% to Rs 1,469 crore from Rs 1,099 crore, while EBITDA rose 60.3% to Rs 370.1 crore from Rs 230.9 crore.
- EBITDA margin improved to 25.2% from 21%.
Stock Market Live: Harsha Engineers Q2 Profit Rises 24% YoY To Rs 45 Crore; EBITDA Jumps 40%
- Harsha Engineers reported a 23.7% year-on-year increase in consolidated net profit to Rs 45 crore in Q2, compared with Rs 36.4 crore a year ago.
- Revenue grew 16.3% to Rs 440.1 crore from Rs 378.3 crore, while EBITDA rose 39.6% to Rs 74.7 crore from Rs 53.5 crore.
- EBITDA margin improved to 17% from 14.1%.
Stock Market Live: ASK Automotive Q2 Profit Rises 27% YoY To Rs 101.6 Crore; Revenue Jumps 48%
- ASK Automotive reported a 27.3% year-on-year increase in consolidated net profit to Rs 101.6 crore in Q2, compared with Rs 79.8 crore a year ago.
- Revenue rose 47.6% to Rs 1,555 crore from Rs 1,054 crore, while EBITDA increased 30.2% to Rs 178.6 crore from Rs 137.2 crore.
- EBITDA margin declined to 11.5% from 13%.
Stock Market Live: Neuland Labs Q2 Profit Falls 47% YoY To Rs 51.6 Crore; Margin Contracts
- Neuland Laboratories reported a 46.7% year-on-year decline in consolidated net profit to Rs 51.6 crore in Q2, compared with Rs 96.9 crore a year ago.
- Revenue fell 12.6% to Rs 450 crore from Rs 514 crore, while EBITDA declined 37.3% to Rs 97.6 crore from Rs 156 crore.
- EBITDA margin contracted to 21.7% from 30.2%.
Stock Market Live: US Indices Settle Mixed
- US indices settle mixed ahead of Midterm elections outcome
- Tech-heavy Nasdaq ended 0.83% up
- S&P 500 closed 0.36% higher
- Dow Jones Industrial Average slipped 0.38%
Stock Market Live: Asian Markets Fall
- Asian markets slipped in trade
- Nikkei fell 3%
- Topix dropped 1.7%
- ASX 200 tumbled 0.41%
- Kospi crashed 1.94% after rising in early trade
