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Europe: Retail sales — 3:30 p.m. IST
UK: Bank of England Monetary Policy Report — 5:30 p.m. IST
UK: BoE Monetary Policy Summary — 5:30 p.m. IST
UK: BoE MPC Official Bank Rate — 5:30 p.m. IST
UK: BoE Governor Andrew Bailey speaks — 6:00 p.m. IST
US: Weekly Unemployment Claims — 7:00 p.m. IST
US: Non–farm productivity — 7:30 p.m. IST
US: Final Wholesale Inventories — 8:30 p.m. IST
US: Energy Information Administration weekly Natural Gas Storage Report — 9:00 p.m. IST
US: Federal Reserve Fund Rate — 12:30 a.m. IST
US: FOMC Statement — 12:30 a.m. IST
US: FOMC Press Conference — 1:00 a.m. IST
Japan: Household Spending — 5:00 a.m. IST
Japan: Leading Indicators — 10: 30 a.m.
At 3:30 p.m., Futures contract of Dow Jones was 0.2% higher at 43,967.00, that of S&P 500 was also up 0.2% at 5,968.00, and Nasdaq 100 rose 0.2% to 20,941.75.
Market breadth was skewed in the favour of sellers. As many as 2,134 stocks fell, 1,823 rose, and 96 remained unchanged on the BSE.
The NSE Nifty 50 and Sensex reversed a two–day rally Thursday. Both the Nifty 50 and Sensex ended over 1% lower.
ICICI Bank Ltd., Reliance Industries Ltd., and Trent Ltd. share prices were top dragger in the benchmark Nifty 50 index.
Apollo Hospitals Enterprise Ltd., State Bank of India, and Tata Consultancy Services were top contributor to the Nifty 50 index.
The NSE Nifty Metal was the top loser sectoral index. It ended 2.72% down at 9,393.85.
The NSE Nifty PSU Nifty Bank emerged as the top performing sectoral index with least gain. It ended 0.07% down at 6,977.45.
The NSE Nifty Midcap 150 ended 0.55% lower at 21,182.20.
The NSE Nifty Smallcap 250 ended 0.67% down at 17,906.55.
G.R. Infraprojects Ltd. share price emerged as the lowest bidder for transmission project in Karnataka, it said in an exchange filing.
Bernstein maintained Outperform on Trent at Rs 8,100 target, which implied an upside.
The second quarter earnings was soft on growth
The store additions were lower YoY
Bernstein retain FY25 target of 1000 network
The gross margins lower YoY due to higher Zudio contribution to revenues
The gross margins slipped on account of conversion of stores to FOCO model
It expects same store sales growth improvement in H2FY25
The positive outlook on continued network expansion, improving margin profit at Zudio
The Euro and Pound Sterling rose against the US dollar on Wednesday before the Bank of England's rate decision, due to be published later today. The central bank is expected to reduce the interest rate.
The Pound sterling was trading 0.31% higher at 1.2919 a dollar as of 3:03 p.m. IST. The Euro was 0.27% higher at 1.0758.
Revenue up 11% at Rs 1,246 crore versus Rs 1,122 crore.
Ebitda up 22.1% at Rs 282 crore versus Rs 231 crore.
Ebitda margin at 22.6% versus 20.5%.
Net profit up 30% at Rs 195 crore versus Rs 150 crore.
The IPO was subscribed 0.58 times, or 58%, as of 1:09 p.m. on Thursday.
Qualified institutional buyers: 0.28 times, or 28%.
Non-institutional investors: 0.40 times, or 40%.
Retail investors: 1.74 times.
Portion reserved for employees: 0.87 times or 87%.
Revenue up 9% at Rs 1,633 crore versus Rs 1,494 crore.
Ebitda up 15% at Rs 439 crore versus Rs 381 crore.
Margin at 26.9% versus 25.5%.
Net profit up 14.7% at Rs 359 crore versus Rs 313 crore.
Tata Power Ltd. is in pact with Noida Airport. The company will invest Rs 550 crore in solar and wind power supply, the company said in an exchange filing.
HDFC Life Insurance Q2 Results: Net Profit Rises 15%, Misses Estimates
Hope to cut fixed cost by 100 sterling per ton in UK over two quarters
Next year would be capex light
To spend Rs 19,000 crore as capex over next few months
Would be comfortable with Rs 75,000-80,000 crore gross debt
Source: Informist
Aurionpro Solutions Ltd. received contract for Chennai Metro Phase II automated fare collection system, it said in an exchange filing.
Mumbai GST Authorities initiated search operations at the Brainbees Solutions Ltd.'s head office In Pune, and Warehouse in Bhamboli on Wednesday.
The company is cooperating with GST Authorities. The financial impact cannot be ascertained at this stage, Brainbees Solutions said in an exchange filing.
Sagility India IPO: GMP Nil After Modest Day 1 Subscription
Tata Consultancy Services Ltd. signed a multi–year deal with Air France-KLM for data solutions, it said in an exchange filing.
HCLTech Ltd. is in pact with New Zealand's Tasman District Council for digital solutions, it said in an exchange filing.
Hindalco Share Price Tumbles On Negative Cues From Constellium Q3 Result
Bharat Global Developers received Rs 120 crore infra engineering order from Reliance Industries Ltd., it said in an exchange filing.
Donald Trump's win in the US election augured well for US–India strategic ties, Envision Capital Founder Nilesh Shah said in an interview to NDTV Profit. India is expected to get a larger share for the import basket of US.
Trump administration is likely to see a significant spike in tariffs, trade barriers against China. Most important impact of a Trump win will be on geopolitics, Shah said. He expects that the world will likely see a lot more normalcy on the geopolitical front, and less disruptions on trade post.
Max Healthcare Institute Ltd. will invest Rs 6,000 crore in capital expenditure in next three to five years using internal accruals, said Abhay Soi, chairman and managing director. Second quarter and Q4 are the strongest quarters from occupancy level. Average revenue per occupied bed in Nagpur is at Rs 37000 while Lucknow has ARPOB of around Rs 55,000, Soi said in an interview to the NDTV Profit.
Apollo Hospitals Enterprise Q2 Results: Profit Surges 59%, Beats Estimates
Market breadth was skewed in favour of buyers. Around 1,853 stocks advanced, 1,123 stocks declined, and 114 stocks remained unchanged on BSE.
At pre–open, the NSE Nifty 50 was trading 5.55 points or 0.02% higher at 24,489.60, and the BSE Sensex was trading 0.23% higher at 80,563.42.
The yield on the 10-year bond opened flat at 6.82%. It closed at 6.83% on Wednesday, according to data on Bloomberg.
Rupee strengthened by 2 paise to open at 84.26 against the US dollar. It closed at a record low of 84.28 on Wednesday, according to data on Bloomberg.
Macrotech Developers Ltd. will acquire digital infrastructure platform entities from Bain Capital for Rs 307 crore, it said in an exchange filing.
Retain Buy with TP 650 vs 700 earlier, Upside 66%
Q2 results down with sales impacted in Mexico and Latin America
The company is leader in domestic CV segment which has been weak in H1
The brokerage cut FY25E/26/27 PAT by ~18%/10%/8% factoring in Q2 miss, gradual margin recovery
The commercial vehicle outlook improving amid expected pickup in infra/capex activity and a favorable base
Softening rubber prices, pricing action OF 3-3.5% YTD and better mix should aid margin recovery Q4FY25E onwards
Maintained Buy amid attractive valuations of 8.5x Sep-26E P/E vs 17.3x peer average
Retain Underweight with TP 1057, Downside 21%
Strong growth in the replacement market offset by slower growth in new energy segment
Industrial volumes declined by 10% YoY due to lower telecom demand.
New energy segment experienced slower offtake from 3W OEMs
2GWh NMC cell plant expected to commence operations by the end of CY26.
Tubular battery plant projected to improve margins starting F25.
A 1.5% price hike was implemented in early F2Q25 to offset commodity costs.
Anticipated EBITDA margins of 14-14.5%, with a target of 11-12% for the new energy segment.
Exports projected to grow at a 15% CAGR over the next 3-4 years.
The Gold spot and future prices extended losses to a second session on Thursday as the dollar index continued to trade near four–month high it hit on Wednesday. A rise in the greenback makes the bullion expensive for other currency holders, subsequently weigh on the demand.
Moreover, the US Treasury yield also continued to trade around four–month high, which reduced the charm of the precious metal as a safe–haven asset.
As of 8:18 a.m., the Gold future trading 0.46% down at $2,664.10 an ounce. The Bloomberg spot Gold was trading 0.06% down at $2,657.46 an ounce.
Reliance Capital to list proposed bank in three years: Anil Ambani
The Japanese yen rebound to start recovery from steep losses against the US Dollar on Thursday. The Japanese unit was trading 0.14% higher at 154.42 a dollar as of 8:04 a.m.
Other Asian currencies were trading on a mixed note against the greenback. The South Korean Won was 0.29% higher at 1,396.78 a dollar, while the Taiwanese Dollar declined 0.26% against the US unit.
The dollar index continued to gain strength after touching a four–month high on Wednesday after early vote count showed Donald Trump is winning the race to the Oval Office. The dollar index was trading flat at 105.1 as of 08:01 a.m.
Crude oil futures prices rose in early Asian trade as traders try to analyse beforehand the impact of the Donald Trump's second presidency in the US for the commodity market.
The January future contract of the brent crude was trading 0.75% higher at $75.48 a barrel as of 7:43 a.m.
Maintain Buy with a target price Rs 405, which implied a 6.6% upside
Portfolio grown by ~5msf to ~34msf in Sep'24 since listing
Portfolio growth to be driven by acquisitions from sponsor group
Expects occupancy stabilizing at ~96% in next 12 months
Company expects organic NOI growth of Rs9-10bn over next 4 years
Maintain Sell with a target price Rs 850, which implied a 10.9% downside
Q2 standalone adj EBITDA fell ~29% qoq on lower volumes and realization
Despite Chinese optimism, believe not enough to swing demand
Expect EBITDA/t to rise vs Q2 but valuations price in fair bit of optimism
Sees lack of visibility on volume growth despite the HSM commissioning
Cut FY25/26/27 EBITDA by 7%/9%/8% on lower steel volumes and trends
The yield on the benchmark 10–year US Treasury note was hovering around four–month high it hit on Wednesday. The yield rose as early vote count showed Donald Trump winning a second presidency at the White House.
The yield on the benchmark 10–year US Treasury note was at 4.43% as of 7:18 a.m. IST.
Asian Stocks Mixed Even As Trump's Second Term Powers Wall Street
S&P 500 Hits All-Time Highs As Trump Wins Election
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