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Stock Market Today: Sensex, Nifty Register Longest Losing Streak In Seven Months, FPIs Turn Net Sellers

Stock Market Today: Sensex, Nifty Register Longest Losing Streak In Seven Months, FPIs Turn Net Sellers
The NSE headquarters in Mumbai (Photo: BQ Prime)
2 years ago
The S&P BSE Sensex closed down 900 points, or 1.41%, at 63,148.15, while the NSE Nifty 50 was 265 points or 1.39% lower at 18,857.25.

  • Revenue up 35.2% at Rs 5466 crore vs Rs 4044 crore

  • Ebitda up 142.7% at Rs 804 crore vs Rs 331 crore

  • Margin at 14.71% vs 8.19%

  • Reported PAT at Rs 356 crore vs Rs 21 crore

  • NII up 23% at Rs 5740.19 crore vs Rs 4683.97 crore YoY

  • Net profit up 62% at Rs 1987.76 crore vs Rs 1225.22 crore

  • Gross NPA 4.97% vs 5.47% QoQ

  • Net NPA at 0.60% vs 0.70% QoQ

  • Revenue up 7.39% at Rs 614.73 crore vs Rs 572.42 crore

  • Ebitda up 2.38% at Rs 98.21 crore vs Rs 95.92 crore

  • Margin at 15.97% vs 16.75%

  • Recorded profit for the period down 29.05% at Rs 22.37 crore vs Rs 31.53 crore

  • To buy back 15.18% stake at Rs 850 per share.

  • Buyback to happen via tender offer for an aggregate amount of Rs 125 crore.

  • Buyback price is at a premium of 26.27% to the stock's previous close of Rs 673.15.

  • Source: Exchange filing

  • Revenue up 0.45% at Rs 286.82 crore vs Rs 285.51 crore

  • Ebit up 0.6% at Rs 125.52 crore vs Rs 124.76 crore

  • Margin at 43.76% vs 43.69%

  • Reported loss for the period at Rs 310.23 crore vs loss of Rs 301.18 crore

  • Revenue up 8.85% at Rs 586.04 crore vs Rs 538.38 crore

  • Ebitda up 73.31% at Rs 151.67 crore vs Rs 87.51 crore

  • Margin at 25.88% vs 16.25%

  • Reported profit for the period up 105.53% at Rs 100.26 crore vs Rs 48.78 crore

  • Revenue down 13.08% at Rs 242.18 crore vs Rs 278.6 crore

  • Ebitda up 13.93% at Rs 35.4 crore vs Rs 31.07 crore

  • Margin at 14.61% vs 11.15%

  • Reported profit for the period up 3.07% at Rs 18.12 crore vs Rs 17.58 crore

  • Revenue up 4.86% at Rs 1,133.72 crore vs Rs 1,081.09 crore

  • Ebitda up 6.21% at Rs 124.43 crore vs Rs 117.15 crore

  • Margin at 10.97% vs 10.83%

  • Reported profit for the period down 4.21% at Rs 52.3 crore vs Rs 54.6 crore

  • Revenue up 21.36% at Rs 3,925.98 crore vs Rs 3,234.88 crore

  • Ebitda up 54.84% at Rs 349.76 crore vs Rs 225.88 crore

  • Margin at 8.9% vs 6.98%

  • Reported profit for the period up 69.42% at Rs 173.88 crore vs Rs 102.63 crore

The broader market indices underperformed the larger peers; the S&P BSE MidCap Index was down 1.61%, whereas S&P BSE SmallCap Index was 1.33% lower.

All the 20 sectors compiled by BSE declined. S&P BSE Realty, S&P BSE Auto, S&P BSE Realty and S&P BSE Healthcare fell the most.

The market breadth was skewed in the favour of the sellers. About 768 stocks rose, 2,796 declined, while 145 remained unchanged on the BSE.

  • Revenue up 0.36% at Rs 275 crore vs Rs 274 crore

  • Ebitda up 10.81% at Rs 41 crore vs Rs 37 crore

  • Margin at 14.9% vs 13.5%

  • Reported profit for the period up 9.37% at Rs 35 crore vs Rs 32 crore

  • Maharashtra GST department commenced inspection at company’s registered, corporate offices on Oct. 25.

  • Business operations to continue as usual, operations not impacted.

  • Source: Exchange Filing

  • 42.4 lakh shares changed hands in a large trade

  • 0.05% equity changed hands at Rs 102.60 apiece

  • Buyers and sellers not known immediately

  • Source: Bloomberg

  • Market sell-off enters day six

  • Biggest losing streak since Feb. 28, 2023

  • Nifty 50 slipped below 18,900

  • All NSE sectoral indices trading in red

  • Nifty Media, and Nifty Realty leading the losses

  • Axis Bank is the only Nifty gainer

  • Broader markets underperform benchmark indices

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  • 11.6 lakh shares changed hands in a large trade

  • 0.4% equity changed hands at Rs 332.5 apiece

  • Buyers and sellers not known immediately

  • Source: Bloomberg

  • 12.8 lakh shares changed hands in a large trade

  • 0.16% equity changed hands at Rs 141.70 apiece

  • Buyers and sellers not known immediately

  • Source: Bloomberg

  • IRM Energy lists at Rs 477.25 apiece on the NSE, 5.50% discount to IPO price.

  • IRM Energy lists at Rs 479 apiece on the BSE, 5.15% discount to IPO price.

  • Source: Exchanges

  • 10.1 lakh shares changed hands in a large trade

  • 0.13% equity changed hands at Rs 325.85 apiece

  • Buyers and sellers not known immediately

  • Source: Bloomberg

The broader market indices underperformed the larger peers; the S&P BSE MidCap Index was down 1.29%, whereas S&P BSE SmallCap Index was 1.54% lower.

All the 20 sectors compiled by BSE declined. S&P BSE Realty, S&P BSE Metal, S&P BSE Services and S&P BSE Industrials fell the most.

The market breadth was skewed in the favour of the sellers. About 512 stocks rose, 1,857 declined, while 103 remained unchanged on the BSE.

  • At pre-open, the S&P BSE Sensex was down 274 points, or 0.43%, at 63,775.04, while the NSE Nifty 50 was 95 points or 0.50% lower at 19,027.25.

  • Source: Bloomberg

  • The yield on the 10-year bond opened 3 bps higher at 7.37% on Thursday.

  • It closed at 7.34% on Wednesday.

  • Source: Bloomberg

  • The local currency opened flat at 83.20 against the U.S dollar on Thursday.

  • Source: Bloomberg

  • HC of Justice Business and Property Courts of England and Wales Commercial Courts orders to pay $2.19 billion to consortium of banks against a loan classified as NPA.

  • Consortium consisted of the overseas branches of Indian banks led by ICICI Bank.

  • GVK Group acquired stake in several Australian companies via associates which was partly financed by consortium.

  • Company provided guarantee of 49% of overall loan amount of $1.13 billion.

  • Loan was classified as Non-Performing in the FY16.

  • Awaiting detailed judgment to decide further action.

  • Source: Exchange Filing

  • 17 lakh shares changed hands in a pre-market large trade.

  • 0.21% equity changed hands at Rs 459 apiece.

  • Buyers and sellers not known immediately.

  • Source: Bloomberg

  • Approves issuance of 69 lakhs shares via preferential issue at Rs 1,085.54 apiece.

  • Singapore Finance Minister's unit to own 4.92% stake post issue.

  • Preferential issue for aggregate consideration up to Rs 749.02 crore.

  • Source: Exchange Filing

  • To sell entire stake in Palava Induslogic 3 Private to NewCold India Holding B.V. for Rs 153.65 crore

  • Expected date of completion of sale is January 8, 2024

  • Alert: Palava Induslogic 3 Private is wholly-owned arm of the company

  • Source: Exchange Filing

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