Stock Market News Live: Sensex Down 600 Points, Nifty Below 25,000; Private Banks Drag On Earnings Woes
The Nifty 50 has slipped below key support level of 25,000, indicating bearish tone. Axis Bank, HDFC Bank and ICICI Bank are weighing heavily on the index.
Stock Market Live: Hindustan Zinc After Q1 Results
After posting disappointing first quarter results, the shares of Hindustan Zinc slip lower. The scrip was trading 0.23% lower at Rs 435 compared to a 0.57% decline in the benchmark index.
Revenue from zinc, lead and others was down 14.1% to Rs 6,116 crore versus Rs 7,118 crore. Revenue from silver down 15.5% to Rs 1,426 crore versus Rs 1,688 crore.
Stock Market Live: Granules India CEO Resigns
Kandiraju Venkata Sitaram Rao has resigned as CEO.
Source: Exchange filing
Q1 Results Live: Atul Profit Up, Margin Contracts
Atul Q1FY26 (Consolidated, YoY)
Revenue up 11.8% at Rs 1,478 crore versus Rs 1,322 crore.
Ebitda up 5.5% at Rs 236 crore versus Rs 223 crore.
Margin at 15.9% versus 16.9%.
Net Profit up 14.2% at Rs 128 crore versus Rs 112 crore.
Stock Market News: Nifty 50 Check
The heaviest weight dragging the benchmark index continued to be Axis Bank. The bank has extended the losses to nearly 5% and the rest of the names pulling on the index include heavy weight insurance companies too.
Stock Market News Live: IOB Shares After Q1 Results
Indian Overseas Bank posted its first quarter results and the Net interest income was up 12% at Rs 2,746 crore compared to Rs 2,441 crore in the previous quarter. The net profit was also up 75.6% at Rs 1,111 crore against Rs 633 crore.
The scrip was trading 0.20% lower at Rs 39 compared to a 0.69% decline in the benchmark index Nifty 50 as of 1:00 p.m.
