Scan to Download
As of 3:28 p.m., the Dow Jones Industrial Average future was 0.20% down at 43,480.00, and the S&P 500 future was 0.01% higher at 5,897.50. The Nasdaq 100 future was 0.33% higher at 20,561.00.
Rupee closed flat at 84.39 against the US dollar.
It closed at 84.40 on Thursday.
Source: Bloomberg
Nifty fell for seventh consecutive session, its longest losing streak since eight sessions to Feb 28, 2023
Sensex fell for a fourth consecutive session
Intraday, the Nifty and Sensex fell as much as 0.8% each
Nifty ends 0.3% or 78.9 points down at 23453.80
Sensex ends 0.3% or 241.3 points lower at 77339.01
Nifty Midcap 100 outperformed and ended flat and Nifty Smallcap 250 closed 0.7% lower
Most sectoral indices rose. Nifty Metal rose the most and Nifty IT was top loser
Hindalco Industries & Hero MotoCorp were top Nifty gainers
TCS and BPCL fell the most
An exchange filing said, NTPC has incorporated 50-50 JV of NTPC Green with ONGC Green for exploring and setting up of renewable energy projects .
An exchange filing said, the company has been declared as the Lowest Bidder for two projects. The quoted bid price for the projects is Rs 2,791 Crore, exclusive GST.
63 Moons tells the court that it has settled with 7500 investors out of the 13,000 that were duped and that efforts are underway to pay all the investors.
SC says that there is prima facie contempt on the part of 63 Moons and a strict view will be taken after 4 weeks if nothing positive comes out during this time.
Source: Supreme Court Proceedings
European indices were mixed in the early trade as investors await key data in the region and Nvidia's quarterly earnings. At 2:37 p.m. IST, Euro Stoxx 50 fell 0.2%, France CAC 40 was flat, and Germany's DAX was 0.1% higher. Spain's IBEX35 and UK's FTSE 100 were both 0.2% higher.
Rail Vikas Nigam Ltd. has received letter of acceptance for Rs 295 crore contract from South Central Railway, an exchange filing said. The time period for this project completion is 24 months.
The number of Nifty 50 companies missing their profit estimates continued to rise in the second quarter of fiscal 2025, as they overtook those with in-line results. The cumulative profit of Nifty 50 constituents rose 8.3% year-on-year but fell 3.3% sequentially. During the period, cumulative revenues of Nifty 50 rose 3.3% from a year ago, while operating profit of the non-financial constituents showed little change.
Click here to read more
Asian markets recorded a mixed close on Monday as markets await China's loan prime rate and Japan's headline inflation data due later in the week. Japan's Nikkei and China's CSI 300 ended lower by over 1% and 0.5% respectively. Meanwhile, South Korea's Kospi closed more than 2% higher, S&P ASX 200 was 0.2% higher, and Hong Kong's Hang Seng was 0.8% up.
At pre-open, Nifty was at 23605.30, up 0.31% or 72.60 points and Sensex was at 77862.73, up 0.36% or 282.42 points.
-The yield on the 10-year bond opened flat at 6.86%.
-It closed at 6.86% on Thursday.
Source: Bloomberg
Rupee opened flat at 84.40 against the US dollar.
It closed at 84.40 on Thursday.
Source: Bloomberg
Nomura has also retained 'buy' with a slightly higher target of Rs 5805 vs 5663 earlier. It said strong rural demand is a key catalyst for growth, supported by good monsoons and the brokerage is looking at new product launches with 3 new bikes & 3 ICE scooters in next 6 months.
Jefferies has cut its target price for shares of Delhivery to Rs. 515 from Rs 680 while maintaining buy rating as it believes weak industry growth is likely to weigh on the stock in near term. However, in medium term positive EBITDA momentum should be reflected. The brokerage has reduced its FY25-27 revenue estimates for the company by 5-10%.
Jefferies has downgraded Mahanagar Gas to 'underperform' from buy earlier and has cut its target to Rs 1130 implying 14% downside. Indraprastha Gas has been downgraded to 'underperform' from 'hold' earlier and has cut target to Rs 295, implying 26% downside.
Ratings & targets lowered on 2nd cut in domestic gas allocation in a row. The brokerage expects gas cos to see nil domestic gas allocation by mid 2025 as well as Rs 1-2.5 per unit cut in Ebitda margins. It has lowered FY26 EPS for MGL/IGL/GGl by 31%/27%/19%.
Citi Research has cut target price of Vodafone to Rs 13 from Rs 17 earlier while retaining a 'buy' rating. It said Q2 revenue growth was below expectations and average revenue per user was on expected lines. The brokerage also noted that company remains actively engaged with lenders for tying up debt funding. Discussions are continuing with the gov’t for waiver of bank guarantees and capex is set to increase sharply in H2, it said.
As of 7:50 a.m., December futures contract of WTI Crude traded flat at $67.04 a barrel and January futures contract of Brent Crude was up 0.1% at $71.13 a barrel.
"World oil demand is forecast to expand by 920 kb/d this year and just shy of 1 mb/d in 2025, to 102.8 mb/d and 103.8 mb/d, respectively," International Energy Agency's report said. "The slowdown in growth from recent years reflect the end of the post-pandemic release of pent-up demand and below-par underlying global economic conditions, as well as clean energy technology deployment."
Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit.
