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Nifty snaps two week losing streak, gain over 1.5% for the week
Benchmarks outperform Broader Market Indices
Asian Paints and Adani Enterprise gain the most in Nifty
Asian Paints gain over 11% for the week; best weekly gain since 2020
Nifty Midcap 150 gain over 1.5% for the week; Muthoot Finance and Vodafone Idea gain the most
Muthoot Finance gain over 15% for the week; best weekly gain since may 2021
Vodafone Idea gain over 14% for the week; best weekly gain in 3 months
Track live updates on election results here.
Nifty snaps two week losing streak, gain over 1.5% for the week
Benchmarks outperform Broader Market Indices
Asian Paints and Adani Enterprise gain the most in Nifty
Asian Paints gain over 11% for the week; best weekly gain since 2020
Nifty Midcap 150 gain over 1.5% for the week; Muthoot Finance and Vodafone Idea gain the most
Muthoot Finance gain over 15% for the week; best weekly gain since may 2021
Vodafone Idea gain over 14% for the week; best weekly gain in 3 months
Track live updates on election results here.
Rupee closed 7 paise weaker at 88.74 against US Dollar
It closed at 88.67 a dollar on Thursday
Source: Bloomberg
KPI Green Energy Ltd. signed a contract worth Rs 696 crore with SJVN Ltd. for 200 megawatt solar power project at Khavda, the company said in the exchange filing.
Dreamfolks Q2 Earnings Key Highlights (Consolidated, YoY)
Net Profit fell 30.4% to Rs 11.2 crore versus Rs 16.1 crore
Revenue fell 35.6% to Rs 206 crore versus Rs 319 crore
Ebitda fell 52.6% to Rs 11.9 crore versus Rs 25.1 crore
Margin at 5.8% versus 7.9%
Dreamfolks Q2 Earnings Key Highlights (Consolidated, YoY)
Net Profit fell 30.4% to Rs 11.2 crore versus Rs 16.1 crore
Revenue fell 35.6% to Rs 206 crore versus Rs 319 crore
Ebitda fell 52.6% to Rs 11.9 crore versus Rs 25.1 crore
Margin at 5.8% versus 7.9%
Time Technoplast Q2 Earnings Key Highlights (Consolidated, YoY)
Revenue rose 10.3% to Rs 1,511 crore versus Rs 1,371 crore
Net Profit rose 17.3% to Rs 115 crore versus Rs 98 crore
Margin at14.7% versus 14.3%
Ebitda rose 13.5% at Rs 223 crore versus Rs 196 crore
Time Technoplast Q2 Earnings Key Highlights (Consolidated, YoY)
Revenue rose 10.3% to Rs 1,511 crore versus Rs 1,371 crore
Net Profit rose 17.3% to Rs 115 crore versus Rs 98 crore
Margin at14.7% versus 14.3%
Ebitda rose 13.5% at Rs 223 crore versus Rs 196 crore
BASF India Ltd. share price declined as the company reported over 17% decline in the net profit.
BASF India Ltd. share price declined as the company reported over 17% decline in the net profit.
Nifty 50 fell 0.53% to 25,740.80 during the day but at 2:17 p.m. it was trading 0.45% lower at 25,762.30. Similarly, Sensex was down 0.53% lower at 84,029.32, but it pared losses to trade 0.42% lower at 84,125.58.
Nifty Auto continues to decline after the October Auto Wholesale data from SIAM.
Motorcycle sales declines 4% to 13.4 lakh units.
Scooter sales rise 14.3% at 8.2 lakh units.
Two-Wheeler sales rise 2.1% to 22.1 lakh units.
PV Sales rise 17.2% to 4.6 lakh units.
Nifty Auto continues to decline after the October Auto Wholesale data from SIAM.
Motorcycle sales declines 4% to 13.4 lakh units.
Scooter sales rise 14.3% at 8.2 lakh units.
Two-Wheeler sales rise 2.1% to 22.1 lakh units.
PV Sales rise 17.2% to 4.6 lakh units.
Zydus Lifesciences Ltd. received the final approval from the US Food and Drug Administration for Leuprolide Acetate Injection. The injection is indicated to treat advanced prostatic cancer, the company said in the exchange filing.
Info Edge (India)'s board approved to buy 3.65% stake in Aisle Network for Rs 5.5 crore, the company said in the exchange filing.
Natco Pharma Q2 Earnings Key Highlights (Consolidated, YoY)
Revenue fell 0.6% to Rs 1,363 crore versus Rs 1,371 crore
Ebitda fell 28% to Rs 579 crore versus Rs 804 crore
Margin at 42.5% versus 58.7%
Net Profit fell 23.5% to Rs 518 crore versus Rs 677 crore
Natco Pharma Q2 Earnings Key Highlights (Consolidated, YoY)
Revenue fell 0.6% to Rs 1,363 crore versus Rs 1,371 crore
Ebitda fell 28% to Rs 579 crore versus Rs 804 crore
Margin at 42.5% versus 58.7%
Net Profit fell 23.5% to Rs 518 crore versus Rs 677 crore
White Oak Capital Management Consultants sold 2.28% stake in Garware Technical Fibre. The shareholding of White Oak Capital Management in the company is now at 2.14% from 4.42% earlier, th company said in the exchange filing.
Bombay Burmah Q2 Earnings Key Highlights (Consolidated, YoY)
Revenue rose 3.8% to Rs 4,943 crore versus Rs 4,761 crore
Ebitda rose 29.6% to Rs 939 crore versus 724 crore
Margin at 19% versus 15.2%
Net Profit fell 4.4% to Rs 242 crore versus Rs 253 crore
Bombay Burmah Q2 Earnings Key Highlights (Consolidated, YoY)
Revenue rose 3.8% to Rs 4,943 crore versus Rs 4,761 crore
Ebitda rose 29.6% to Rs 939 crore versus 724 crore
Margin at 19% versus 15.2%
Net Profit fell 4.4% to Rs 242 crore versus Rs 253 crore
Marico Q2 Results Key Highlights (Consolidated, YoY)
Revenue rose 30.7% at Rs 3,482 crore versus Rs 2,664 crore
Ebitda rose 7.3% to Rs 560 crore versus Rs 522 crore
Margin at 16.1% versus 19.6%
Net Profit fell 0.7% to Rs 420 crore versus Rs 423 crore
Bharat Electronics Ltd. received orders worth Rs 871 crore since its last disclosure on Nov 10, the company said in the exchange filing.
WPI inflation at -1.21% in October versus 0.13% in September
Food inflation at -8.31% in October versus -5.22% in September
WPI primary articles inflation at -6.18% versus -3.32% in September
WPI manufactured products inflation at 1.54% versus 2.33% in September
WPI fuel and power inflation at -2.55% versus -2.58% in September
SJVN Ltd.'s arm SJVN Thermal started commercial operations of 600 megawatt unit-1 of Buxar Thermal Project, the company said in the exchange filing.
Jefferies' Greed & Fear: India's property sector stocks are shinning bright amid broader concerns about equity valuations, Christopher Wood said in the Jefferies' Greed & Fear report.
Property sector is still one place where valuation appears 'positively attractive', Wood said. Many property stocks are trading significantly lower below their long-term average valuation, he said, citing 'India Property - Developer Valuations Near 1sd Low' report.
Aurobindo Pharma's arm's unit in Sangareddy, Telangan received form 483 with five observations. The arm also got Voluntary Action Indicated, the company said in the exchange filing.
The shares of Transformers & Rectifiers India Ltd. were locked in upper circuit on Friday after the World Bank removed its name from the list of Debarred Firms and Individuals.
Apart from being removed from the list, the company has also been granted an extension for submitting its explanation in the sanctions case. The new deadline for the submission has been set as Jan. 12, 2026, the company said in an exchange filing.
Pine Labs Ltd. debuted in the secondary market with nearly 10% premium. It was listed at Rs 242 apiece on National Stock Exchange, which implies a premium of 9.5%.
Pine Labs was listed on BSE Ltd. at Rs 242 apiece, which indicates a premium of 242 apiece.
Muthoot Finance shares surged almost 10% on Friday after the lender's standalone net profit nearly doubles year-on-year. Additionally, the sharp jump in earnings, powered by robust growth in the gold loan portfolio and expanding margins, has prompted major brokerages to lift their price targets and reiterate bullish views.
Muthoot Finance shares surged almost 10% on Friday after the lender's standalone net profit nearly doubles year-on-year. Additionally, the sharp jump in earnings, powered by robust growth in the gold loan portfolio and expanding margins, has prompted major brokerages to lift their price targets and reiterate bullish views.
There is unlikely any major movement in the markets due to Bihar election results.
The second half will be better for the markets compared to the first half.
The second half of the financial year will be strong from an earnings point of view.
Khemani is not worried about the earnings slowdown
He believed IT stocks will do well in the next 12 months
Source: Vikas Khemani, Founder and CIO Carnelian AMC
Track live updates on Bihar Election Results here.
On National Stock Exchange, nine sectoral indices declined, six advanced out of 15.
On National Stock Exchange, nine sectoral indices declined, six advanced out of 15.
HDFC Bank Ltd., ICICI Bank Ltd., ITC Ltd., Mahindra & Mahindra Ltd., and Larsen & Toubro Ltd. weighed on the NSE Nifty 50 index.
Bharat Electronics Ltd., State Bank of India, Trent Ltd., Adani Enterprises Ltd., and Adani Ports and Special Economic Zone Ltd. limited losses the NSE Nifty 50 index.
HDFC Bank Ltd., ICICI Bank Ltd., ITC Ltd., Mahindra & Mahindra Ltd., and Larsen & Toubro Ltd. weighed on the NSE Nifty 50 index.
Bharat Electronics Ltd., State Bank of India, Trent Ltd., Adani Enterprises Ltd., and Adani Ports and Special Economic Zone Ltd. limited losses the NSE Nifty 50 index.
The NSE Nifty 50 and BSE Sensex opened lower as the Bihar Election Results showed a tight fight between Bharatiya Janata Party and the Rashtriya Janata Dal. Market participants will monitor any sign of major drawback for BJP, a party that runs the central government, for a potential threat of political instability.
Moreover, global equities declined on fear of technology stocks' valuations, which also weighed.
The NSE Nifty 50 and BSE Sensex opened lower as the Bihar Election Results showed a tight fight between Bharatiya Janata Party and the Rashtriya Janata Dal. Market participants will monitor any sign of major drawback for BJP, a party that runs the central government, for a potential threat of political instability.
Moreover, global equities declined on fear of technology stocks' valuations, which also weighed.
At pre-open, the NSE Nifty 50 was trading 0.43% down at 25,767.90, and the BSE Sensex was trading 0.50% down at 84,057.77.
The yield on the 10-year bond opened flat at 6.48%
Source: Bloomberg
Rupee opened 5 paise weaker at 88.72 against US Dollar
It closed at 88.67 a dollar on Wednesday
Source: Bloomberg
Macquarie believed the performance of Lemon Tree Hotels' during July–September, but the outlook for the company looks better. The brokerage raised the target price to Rs 210, which indicated 35% upside from Thursday's close price.
Coromandel International signed a Memorandum of Understanding up to Rs 2,000 crore investment with Andhra Pradesh Economic Development Board. It is a non-binding MoU for industrial development in Andhra Pradesh, the company said in the exchange filing.
Asian markets declined sharply Friday morning following losses on Wall Street overnight. Concerns about technology stocks' valuations and US Federal Reserve's policy outlook weighed.
South Korea's KOSPI and Japan's Nikkei 225 were trading 2.39% and 1.52% down, respectively as of 7:43 a.m.
The GIFT Nifty was trading 0.09% or 22.50 points higher at 25,848.50 as of 7:05 a.m. The November Future contract of GIFT Nifty, which usually provides cue for open of NSE Nifty 50, is recovering from a straight two sessions of loss on Friday morning.
However, the NSE Nifty 50 is expected to open in red tracking the loss in global equities.
Traders will keep an eye on Voltas, Tega Industries, Muthoot Finance, Vishal Megamart, Jubilant FoodWorks, Tata Motors because of the second-quarter results.
The NSE Nifty 50 Index erased gains from the day's high and ended flat at 25,879.15, seeing an uptick of 0.01% or 3.35 points. Top Nifty gainers include Asian Paints Ltd. and Hindalco Ltd., whereas Eternal, Mahindra & Mahindra Ltd. and Oil & Natural Gas Corp. fell the most.
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