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Nifty 50 trails broader market
Index slips below the 26,000 mark, ending in the red
Coal India tops Nifty gainers, while Dr. Reddy’s leads losers’ pack
Midcap & Smallcap indices End flat with a mild negative bias
Nifty Energy outperforms as Adani Green Energy led.
Nifty Financials under pressure as LIC Housing Finance and SBI Cards weighed
Nifty PSU Bank snaps 3 day losing streak , Bank of Maharashtra emerged as top loser in Nifty psu bank
Nifty auto falls for third consecutive session dragged by Bajaj auto and MRF Ltd.
Nifty metal snaps six-day gaining streak , Jindal Stainless and SAIL remained the top losers
Nifty 50 trails broader market
Index slips below the 26,000 mark, ending in the red
Coal India tops Nifty gainers, while Dr. Reddy’s leads losers’ pack
Midcap & Smallcap indices End flat with a mild negative bias
Nifty Energy outperforms as Adani Green Energy led.
Nifty Financials under pressure as LIC Housing Finance and SBI Cards weighed
Nifty PSU Bank snaps 3 day losing streak , Bank of Maharashtra emerged as top loser in Nifty psu bank
Nifty auto falls for third consecutive session dragged by Bajaj auto and MRF Ltd.
Nifty metal snaps six-day gaining streak , Jindal Stainless and SAIL remained the top losers
Rupee closed 50 paise weaker at 88.70 against US Dollar
It closed at 88.20 a dollar on Wednesday
Source: Bloomberg
Hyundai Motos India Ltd. reported a double-digit rise in profit in the second-quarter of financial year 2025. Margin beat expectations despite lower volumes.
Consolidated net profit surged 14% year-on-year to Rs 1,572 crore in the July-September quarter, according to results announced on Thursday.
Hyundai Motor Q2 Highlights (Consolidated, YoY)
Revenue up 1.2% to Rs 17,461 crore versus Rs 17,260 crore.
Ebitda up 10.1% to Rs 2,429 crore versus Rs 2,205 crore.
Margin at 13.9% versus 12.8%.
Net profit up 14.3% to Rs 1,572 crore versus Rs 1,375 crore.
Hyundai Motor Q2 Highlights (Consolidated, YoY)
Revenue up 1.2% to Rs 17,461 crore versus Rs 17,260 crore.
Ebitda up 10.1% to Rs 2,429 crore versus Rs 2,205 crore.
Margin at 13.9% versus 12.8%.
Net profit up 14.3% to Rs 1,572 crore versus Rs 1,375 crore.
Income Tax Department is conducting Exide Industries Ltd.'s offices and manufacturing units in India since Oct 29. The IT Dept did not find any material impact on operations because of the search.
Exide Industries has postponed board meet to consider second-quarter earnings.
Lupin Ltd. launched an artificial-intelligence powered cardiovascular wellness platform, Vitalyfe Lupin 1936.5. It is a software medical device for critical cardiac conditions, the company said in the exchange filing.
Cipla Q2 Highlights (Consolidated, YoY)
Revenue up 7.6% to Rs 7,589 crore versus Rs 7,051 crore.
Ebitda up 0.5% to Rs 1,895 crore versus Rs 1,886 crore.
Margin at 25% versus 26.7%.
Net profit up 3.7% to Rs 1,351 crore versus Rs 1,303 crore.
The recent de-escalation of US-China trade tensions following the meeting between Presidents Trump and Xi should harbour a "net positive" environment for Indian equities, according to Manpreet Gill, Chief Investment Officer for Africa, Middle East, and Europe at Standard Chartered.
TCI Singapore's board approved sale of wholly owned subsidiary, TCI Global Singapore's sale, the company said in the exchange filing.
The NSE Nifty PSU Bank index rose 0.67% to a new high of Rs 8,137.50 apiece. It was trading 0.61% higher at Rs 8,136 apiece as of 1:01 p.m.
The NSE Nifty PSU Bank index rose 0.67% to a new high of Rs 8,137.50 apiece. It was trading 0.61% higher at Rs 8,136 apiece as of 1:01 p.m.
Canara Bank Q2 Highlights (YoY)
Net Interest Income (NII) down 2% to Rs 9,141 crore versus Rs 9,315 crore.
Operating profit up 12.2% to Rs 8,588 crore versus Rs 7,654 crore.
Provisions up 4.6% to Rs 2,354 crore versus Rs 2,251 crore.
Net profit up 18.9% to Rs 4,774 crore versus Rs 4,015 crore.
Canara Bank Q2 Highlights (YoY)
Net Interest Income (NII) down 2% to Rs 9,141 crore versus Rs 9,315 crore.
Operating profit up 12.2% to Rs 8,588 crore versus Rs 7,654 crore.
Provisions up 4.6% to Rs 2,354 crore versus Rs 2,251 crore.
Net profit up 18.9% to Rs 4,774 crore versus Rs 4,015 crore.
RRP Semiconductor has been in the news for the astonishing surge in its scrip price. It has recently attracted attention from the BSE Ltd. because of the unbelievable growth.
BSE has put RPP Semiconductor under Enhanced Surveillance Measures on Oct 20. "The price movement is not commensurate with the financial of the company," the exchange said.
Thomas Cook Ltd. launched private van tours across multiple destinations in India, the company said in the exchange filing.
Rupee weakened 39 paise to 88.59 against US Dollar
It's the lowest level since Oct 14
It closed at 88.20 a dollar on Wednesday
Source: Bloomberg
HDFC Bank Ltd.'s board approved reappointment of Kaizad Bharucha as deputy managing director for three years, the company said in the exchange filing.
InterGlobe Aviation, popularly known as IndiGo, will operate Bengaluru-Riyadh direct flights from Nov 16, it said in a press release. With this new service, IndiGo expanded its network in the Middle-Eastern countries.
It is important to highlight that IndiGo will not provide Riyadh-Bengaluru direct flight service every day. Instead, the service will be available for five days a week for travellers in Riyadh and Bengaluru, according to information in the press release.
Tata Communications Ltd. is in pact with NiCE for AI-powered customer engagement. The company will accelerate digital transformation for customer service operations in pact with NiCE, the company said in the exchange filing.
Qualified Institutional Buyers (QIBs): 2%
Non Institutional Investors (NIIS): 2.5 times
Retail Individual Investors: 118%
Employee Reserved: 4.2 times
Source: BSE
The US President Donald Trump said that the tariffs on China is being reduced by 10%.
The tariffs on Fentanyl Flow Resolution stands at 47% comapred to 57% earlier, Trump said.
China will invest in the US to build artificial intelligence and other fronts, he said
Macquarie downgraded to 'Neutral' from outperform. The target price is at Rs 876 apiece.
Hindalco Industries has a mix of global downstream and India upstream expandsion.
Recent stock performance caps upside, prompting downgrade to Neutral
Shares of Varun Beverages Ltd. remain in sharp focus on Thursday, a day after the company reported in-line September quarter results and most importantly, announced a major strategic move into the alcoholic beverage segment.
Brokerages have offered mixed views on Varun Beverages following the company's earnings reports and entry into the alco-bev business.
Bharti Airtel Ltd., Reliance Industries Ltd., HDFC Bank Ltd., Dr. Reddy's Laboratories Ltd., and ITC Ltd. weighed on the NSE Nifty 50 index.
Larsen & Toubro Ltd., Wipro Ltd., Nestle India Ltd., Bajaj Finance Ltd., and InterGlobe Aviation Ltd. limited losses in the Nifty 50 index.
Bharti Airtel Ltd., Reliance Industries Ltd., HDFC Bank Ltd., Dr. Reddy's Laboratories Ltd., and ITC Ltd. weighed on the NSE Nifty 50 index.
Larsen & Toubro Ltd., Wipro Ltd., Nestle India Ltd., Bajaj Finance Ltd., and InterGlobe Aviation Ltd. limited losses in the Nifty 50 index.
The NSE Nifty 50 and Sensex opened lower as Bharti Airtel Ltd. and HDFC Bank Ltd. shares weighed. The indices were trading 0.27% and 0.29% down, respectively as of 9:21 a.m.
The NSE Nifty 50 and Sensex opened lower as Bharti Airtel Ltd. and HDFC Bank Ltd. shares weighed. The indices were trading 0.27% and 0.29% down, respectively as of 9:21 a.m.
The yield on the 10-year bond opened 2 basis points higher at 6.56%
It closed at 6.54% on Wednesday
Source: Bloomberg
Rupee opened 21 paise weaker at 88.41 against US Dollar
It closed at 88.20 a dollar on Wednesday
Source: Bloomberg
Lenskart Solutions Ltd. is set to launch its initial public offering worth Rs 7,278 crore on Friday, Oct. 31.
Investors can bid for shares in the Lenskart IPO between Rs 382 and Rs 402. The minimum bid size is 37 shares per lot, requiring an investment of Rs 14,874. The portion for retail investors in the IPO is capped at 10% of the issue.
Billionbrains Garage Ventures Ltd., the parent of India’s largest investment platform Groww, announced the price range for its initial public offering launching next week.
The IPO will be open between Nov. 4 and Nov. 7. The book-building offer consists of a fresh issue of up to Rs 1,060 crore and an offer for sale of 55.7 crore shares worth up to Rs 5,572 crore.
The GIFT Nifty was trading 26,154 as of 7:02 a.m. Despite an increase in the GIFT Nifty, the NSE Nifty 50 may open lower tracking a directionless movement in its Asian peers.
Asian stocks were trading on a mixed note as the US Federal Reserve Chair Jerome Powell cautioned about expecting more rate hikes going forward. The central bank delivered a 25-basis-point rate cut in line with the market expectation.
Moreover, the NSE Nifty 50 index has been facing strong resistance at around 26,100 level. Enrich Money CEO Ponmudi R expect that the index will continue to face resistance at this level.
The Nifty 50 and Sensex ended higher in the previous session. At the close, the Sensex rose 368.97 points, or 0.44%, to 84,997.13, while the Nifty rose 117.70 points, or 0.45%, to 26,053.90.
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