Stock Market Live: Nifty At 25,800, Sensex Up 100 Points; Laurus Labs, HUL Shares Slide, Federal Bank In Focus
Welcome to NDTV Profit's live coverage of the Indian equity markets. Here we bring you real-time updates, sharp analyst insights, top stock picks, and all the market-moving news you need.
Stock Market Live: Colgate Share Price
Colgate-Palmolive Ltd. reported a 17% year-on-year decline in net profit to Rs 327.50 crore for the quarter ended September.
Following the subdued performance in the second quarter, brokerages including Citi, Investec, and Jefferies revised their target prices, with mixed outlooks on the company's near-term growth prospects.
The scrip slided 3% with the share price slipping to Rs 2,208 as of 9:27 a.m. This decline compared to a 0.11% decline in the Nifty 50.
Stock Market Live: Nifty Metal Index At All-Time High
The Nifty Metal index hit its all time high levels, rising to levels above 10,421. The index has risen 1.76% as of 9:56 a.m and this compares to a 0.03% decline in the Nifty 50.
Stock Market Live: Laurus Labs Share Price
The shares of Laurus Labs were down over 3% after the company posted its second quarter results on Thursday. The scrip had declined 3.02% in trade to Rs 906.2 apiece on the NSE.
The decline compared to the Nifty 50 trading with a 0.02% decline as of 9:38 a.m.
Stock Market Live: Federal Bank In Focus
Federal Bank is set to issue 27 crore warrants worth Rs 6,196 crore on preferential basis. The bank will issue 27 crore warrants at Rs 227 apiece to Blackstone
Blackstone is to get the right to nominate one Non-Executive Director once it holds at least 5% stake, according to an exchange filing.
Stock Market Live: HUL Share Price
HUL reported its second quarter earnings on Thursday and the consensus among top brokerages remains largely positive.
Names like Cti, Jefferies, and Goldman Sachs have maintained their 'buy' ratings, driven by the company's clear strategic focus on volume growth.
Despite this, the scrip has declined over 3% in trade so far to Rs 2,514.7 apiece on the NSE. The decline compares to a 0.04% decline in the Nifty 50 as of 9:30 a.m.
Stock Market Live: Nifty, Sensex At Open
The Nifty 50 slipped lower after opening on Friday to levels below the 25,900 levels. The Sensex also shed over 100 points during early trade.
