Stock Market Today, GIFT Nifty Live: Kospi Climbs 2%; US Indices Gain; LTM, DLF, PNB Q2 Eyed
Stock Market Live Updates: Brent crude traded above $105 per barrel on Friday and was on track for a weekly gain amid mounting supply concerns in the Middle East.
Stock Market Live Updates, Sensex Today, October 6: Indian benchmark indices Sensex and Nifty 50 are likely to track upbeat global cues on Friday, even as elevated crude oil prices, persistent foreign institutional investor (FII) selling and regulatory developments around the Securities and Exchange Board of India's (Sebi) revised Closing Auction Session (CAS) rules remain in focus.
At 6:50 am, GIFT Nifty futures were trading 104.2 points higher at 23,089 levels against Nifty futures' close of 22,984.8.
In the previous session, the BSE Sensex surged 1,533.72 points, or 2.11%, to close at 74,315.61, while the Nifty 50 advanced 374.65 points, or 1.66%, to settle at 22,997.35.
Global Cues
Asian markets were mostly higher on Friday. Japan's Nikkei 225 rose 1.38%, while the Topix gained nearly 1.8%. South Korea's Kospi jumped 1.56%, and Australia's ASX 200 advanced 1.01%.
On Wall Street, all three major US indices ended higher on Thursday as investors rotated out of key technology stocks and into other market segments. The Dow Jones Industrial Average led the gains, rising more than 500 points, or around 1.1%. The S&P 500 advanced approximately 0.3%, while the Nasdaq Composite edged up 0.1%.
The S&P 500 and Nasdaq snapped a three-session losing streak.
For the week, the S&P 500 was down nearly 1%, while the Nasdaq had declined more than 2%. The Dow, in contrast, was on track for a weekly gain of around 1%.
Crude Oil Prices Today
Brent crude traded above $105 per barrel on Friday and was on track for a weekly gain amid mounting supply concerns in the Middle East.
The US Central Command confirmed that a Singapore-flagged container ship that sank in the Strait of Hormuz earlier this week had been hit by an Iranian projectile, adding to uncertainty over the recovery of physical oil flows. Tanker rates also climbed to record highs, while rising tensions between Saudi Arabia and Iran-backed Houthi forces in Yemen heightened concerns over potential supply disruptions.
Meanwhile, the International Energy Agency agreed to proceed with the release of the remaining 100 million barrels of oil from a coordinated intervention launched in March. Separately, US Energy Information Administration data showed that crude inventories fell by 8.6 million barrels last week, marking their steepest decline since February.
Brent underperformed US West Texas Intermediate crude during the week, as lower shipping costs for US oil supported demand for American barrels.
Q2 Results Today
As many as 31 companies are scheduled to announce their September-quarter earnings on Friday, October 16.
The list includes Amal, Artson, Aurum Proptech, Bajaj Housing Finance, Benares Hotels, Bright Outdoor Media, Citi Port Financial Services, Crompton Greaves Consumer Electricals, DLF, E2E Networks, Federal Bank, Gujarat Hotels, HOM, Himadri Speciality Chemical, Indo Rama Synthetics (India), Jayaswal Neco Industries, Jindal Saw, LTM, Modison, Oberoi Realty, Onward Technologies, Paushak, Punjab National Bank, Raghav Productivity Enhancers, SG Finserve, Shoppers Stop, Solara Active Pharma Sciences, Tejas Networks, Tiger Logistics (India), Ujjivan Small Finance Bank and Urban Company.
Among the key companies to watch are Bajaj Housing Finance, Crompton Greaves Consumer Electricals, DLF, Federal Bank, Himadri Speciality Chemical, Jindal Saw, LTM, Oberoi Realty, Punjab National Bank, Shoppers Stop, Tejas Networks and Urban Company.
Stock Market Live: Sitharaman Says Fiscal Prudence Remains Key; Flags China Trade Barriers
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Finance Minister Nirmala Sitharaman said India is consciously maintaining fiscal prudence, adding that public infrastructure investment has acted as a strong multiplier for economic growth.
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She noted that India's foreign exchange outgo remains elevated due to imports of energy and fertilisers, while broken global supply chains continue to pose challenges for Indian exporters.
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Sitharaman said the trade balance with China remains tilted against India and highlighted that Indian businesses continue to face limited market access in China.
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The finance minister added that non-tariff barriers are the biggest hurdle in India-China trade, alleging that China uses such barriers without hesitation.
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Sitharaman also expressed hope that the proposed India-US trade deal is concluded at the earliest.
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The minister was speaking at a conference in Bangkok.
Stock Market Live: Metro Brands Q2 Profit Rises 12%; Margins Improve
- Metro Brands reported Q2 net profit of Rs 75.8 crore, up 12% YoY.
- Revenue rose 12.1% YoY to Rs 730 crore.
- EBITDA margin expanded to 27% from 26.2%.
Stock Market Live: Sterling & Wilson Returns To Profit In Q2
- Sterling & Wilson Renewable Energy reported Q2 net profit of Rs 19.2 crore versus a loss of Rs 473.2 crore a year ago.
- EBITDA surged to Rs 56.1 crore from Rs 3.9 crore.
- EBITDA margin improved to 3.7% from 0.2%.
Stock Market Live: Alok Industries Loss Widens Despite Operating Improvement
- Alok Industries reported Q2 revenue growth of 14.6% YoY to Rs 1,078 crore.
- EBITDA rose to Rs 41 crore from Rs 4 crore a year ago.
- Net loss widened to Rs 208 crore from Rs 162 crore.
- The company reported a one-time loss of Rs 36 crore versus a gain of Rs 5 crore a year ago.
Stock Market Live: Angel One Q2 Profit Surges 45%; Declares Dividend
- Angel One reported Q2 net profit of Rs 335 crore, up 45% QoQ.
- EBITDA rose 31% QoQ to Rs 636 crore.
- EBITDA margin improved to 44.6% from 33.9%.
- The company declared an interim dividend of Rs 1.40 per share.
Stock Market Live: Tech Mahindra Revenue, Margins Beat Estimates
- Tech Mahindra reported Q2 revenue of Rs 16,180 crore, above estimates of Rs 15,975 crore.
- EBIT stood at Rs 2,386 crore, ahead of estimates of Rs 2,319 crore.
- EBIT margin expanded to 14.7%, above estimates of 14.5%.
- Net profit came in at Rs 1,586 crore, below estimates of Rs 1,677 crore.
Stock Market Live: Centre Raises Windfall Tax On Petrol Exports, Cuts Diesel Export Duty
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The Centre has raised the windfall tax on petrol exports to Rs 2.5 per litre from Rs 0.5 per litre, according to a government notification.
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At the same time, the government has reduced the windfall tax on diesel exports to Rs 8.5 per litre from Rs 16 per litre.
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The revised rates will come into effect from Oct. 16.
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India had first imposed windfall taxes on fuel exports in July 2022, before withdrawing them in 2024. The duties were reintroduced in March 2026 amid elevated energy prices during the Middle East conflict.
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The government reviews export duties on petroleum products every fortnight and adjusts them based on movements in global crude oil and fuel prices.
Stock Market Live: Cyient DLM Q2 Revenue Climbs 26%; Margins Ease
- Cyient DLM reported Q2 revenue of Rs 393 crore, up 26.4% YoY.
- EBITDA increased 9.9% YoY to Rs 34.5 crore.
- EBITDA margin declined to 8.8% from 10.1%.
- Net profit rose 5.9% YoY to Rs 34 crore.
Stock Market Live: 360 One WAM Declares Interim Dividend; Profit Falls Sequentially
- 360 One WAM reported Q2 net profit of Rs 300 crore, down 9.4% QoQ.
- Total income declined 1% QoQ to Rs 1,261 crore.
- The company approved a second interim dividend of Rs 7.5 per share.
Stock Market Live: IIFL Finance Q2 Profit More Than Doubles
- IIFL Finance reported Q2 net profit of Rs 766 crore, compared with Rs 376 crore a year ago.
- Total income rose 28.4% YoY to Rs 4,248 crore from Rs 3,309 crore.
Stock Market Live: Persistent Systems Revenue Grows; Margins Under Pressure
- Persistent Systems reported Q2 revenue of Rs 4,664 crore, up 8.4% QoQ.
- EBIT declined 19.6% QoQ to Rs 467 crore.
- EBIT margin contracted to 10% from 13.5%.
- Net profit fell 27.1% QoQ to Rs 352 crore.
Stock Market Live: HDFC Life Q2 Profit Rises 17%; Premium Income Grows
- HDFC Life Insurance reported Q2 net profit of Rs 522 crore, up 16.5% YoY from Rs 448 crore.
- Net premium income increased 15.8% YoY to Rs 21,856 crore from Rs 18,871 crore.
Stock Market Live: Wipro Q2 Revenue Beats Estimates; Profit Misses Street View
- Wipro reported Q2 revenue of Rs 24,753 crore, ahead of estimates of Rs 24,710 crore.
- EBIT stood at Rs 3,986 crore, below estimates of Rs 4,018 crore.
- EBIT margin came in at 16.1%, lower than the estimated 16.26%.
- Net profit declined 4.5% QoQ to Rs 3,200 crore, missing estimates of Rs 3,306 crore.
Stock Market Live: US Indices Settle Higher
- Dow Jones Industrial Average rose 1.1%
- S&P 500 advanced approximately 0.3%
- Nasdaq Composite edged up 0.1%.
- The S&P 500 and Nasdaq snapped a three-session losing streak
Stock Market Live: Asian Markets Trade Mostly Higher
- Japan's Nikkei 225 rose 1.38%
- Topix gained nearly 1.8%
- South Korea's Kospi jumped 1.56%
- Australia's ASX 200 advanced 1.01%.
Stock Market Live: Welcome To The Live Coverage Of Indian Equities
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