Market Close Highlights, Oct 23: Sensex sheds 139 pts, Nifty settles below 24,450; IT shares shine

Stock Market Highlights: 22 out of 30 constituents of BSE Sensex ended in red, dragged by M&M, Sun Pharma, L&T, and Adani Ports, with losses extending up to 3.04 per cent

11:55 AM

Stock Market LIVE Updates: Zee Entertainment falls 8% in 3 days on mixed Q2 nos; hits over 4-year low

Stock Market LIVE Updates: Shares of Zee Entertainment Enterprises (ZEE) hit an over four-year low of Rs 121.65, down 2 per cent on the BSE in Wednesday’s intra-day trade. In three days, the stock of the TV broadcasting and software production company has declined 8 per cent, after it reported a mixed operating performance in September quarter (Q2FY25). READ MORE

 

11:46 AM

Stock Market LIVE Updates: India remains world's largest growing economy with good fundamentals: IMF

Stock Market LIVE Updates: India remains the largest growing economy in the world, a senior official from the International Monetary Fund said, observing that the country's macroeconomic fundamentals are good.

 

"India is said to remain the largest growing economy in the world. We project growth at seven per cent in FY24-25, supported by recovery in rural consumption, as there have been favourable harvests. Inflation is expected to decline to 4.4 per cent in FY24-25, despite some volatility as food prices normalize," Krishna Srinivasan, Director for the IMF Asia Pacific Department, told PTI in an interview on Tuesday. READ MORE

 

11:34 AM

Stock Market LIVE Updates: IIFL Securities stock zooms 8% as profit jumps 90% in Q2FY25 results

Stock Market LIVE Updates: IIFL Securities shares jumped 8.33 per cent at Rs 404.90 a piece on the BSE in Wednesday intraday trade. IIFL Securities share price soared after the company delivered stellar quarterly earnings for the second quarter of the financial year 2024-25 (Q2FY25). 

 

The non-banking financial services (NBFC) company reported a 90.3 per cent year-on-year increase in net profit, reaching Rs 205.1 crore for the second quarter ending September 30, 2024, compared to Rs 159.2 crore in the same period last year. READ MORE

 

11:17 AM

Stock Market LIVE Updates: M&M Finance stock drops 8% on weak Q2 numbers; What should investors do?

Stock Market LIVE Updates: Mahindra & Mahindra Financial Services (M&M Finance) shares lost 7.8 per cent on Wednesday and registered an intraday low of Rs 259.35 per share on the BSE. The stock declined after the company reported weak Q2FY25 results. 

 

At around 10:15 AM, M&M Finance shares were down 4.01 per cent at Rs 270.25 per share. In comparison, the BSE Sensex was up 0.21 per cent at 80,391.42 around the same time. The market capitalisation of the company around the time stood at Rs 33,384.02 crore. READ MORE

 

11:03 AM

Stock Market LIVE Updates: 11 AM market update - Sensex, Nifty climb maintain lead

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50 were trading at higher higher amid volatility in the markets.

At 11 AM, the BSE Sensex was up 186.41 points, or 0.23 per cent, at 80,407.13, while the Nifty 50 was at 24,540.25, up 68.15 points, or 0.28 per cent.

 

10:58 AM

Stock Market LIVE Updates: Bajaj Finance surges over 5% on steady Q2 earnings; profit zooms 13%

Stock Market LIVE Updates: Bajaj Finance stock moved northwards in the early morning deals of Wednesday, rising up to 5.22 per cent at Rs 7026.40 per share on the BSE. This came after the company reported a stellar increase in its net profit supported by a one time gain from Bajaj Housing Finance Ltd (BHFL). 

Meanwhile, another arm of the Bajaj Group, Bajaj Finserv shares were also in demand today, surging 2.7 per cent intraday at Rs 1769.85 per share on the BSE. READ MORE

 

10:52 AM

Stock Market LIVE Updates: Jyoti Structures bags Rs 450 crore order from Adani Energy Solutions; stock up 5%

Stock Market LIVE Updates: Jyoti Structures today announced that it has received an order worth Rs 450 crore from Adani Energy Solutions for a project to survey and conduct soil investigation, apart from supplying towers, and foundations, and commissioning of a transmission line at Navinal, Gujarat on a turnkey basis.

The company, in an exchange filing, said the project involves, "Survey, Soil Investigation, Supply of Towers, Foundations, Erection, Stringing and Commissioning of LILO of 765 kV DC Bhuj II-Lakadia transmission line at Navinal, Gujarat on turnkey basis."

This project is expected to be completed in 18 months, by April 2026.

10:45 AM

Stock Market LIVE Updates: ITC Q2 preview: Cigarette, hotel, FMCG biz to aid profit; margins may slip

Stock Market LIVE Updates: The cigarette-to-hotel conglomerate ITC is set to announce its July-September quarter (Q2) results for financial year 2024-25 (FY25) on Thursday, October 24.

The brokerages tracked by Business Standard expect ITC's net profit to rise 1.95 per cent in the quarter ended September on an average to Rs 5,023.13 crore as compared to Rs 4,927 crore a year ago. On a sequential basis, the PAT is expected to rise by 2.15 per cent. READ MORE

 

10:43 AM

Stock Market LIVE Updates: What led Zomato to slip 5% despite 5x rise in Q2 PAT? Should investors buy?

Stock Market LIVE Updates: Zomato shares lost 5.3 per cent in Wednesday, October 23's trade and registered an intraday low of Rs 242.45 per share on the BSE. The selling pressure in the stock came after the company reported robust growth in its second quarter (Q2FY25) results, although on certain parameters, it missed estimates. 

 

At around 9:32 AM, Zomato shares were down 4.18 per cent at Rs 245.5 per share. In comparison, the BSE Sensex was up 0.10 per cent at 80,298.86 around the same time. The market capitalisation of the company around the time stood at Rs 2,16,883.91 crore. READ MORE

 

10:37 AM

Stock Market LIVE Updates: Persistent Systems share price rallies 10% on strong September qtr results

Stock Market LIVE Updates: Persistent Systems share price rallied 9.9 per cent to Rs 5,672 on the BSE in Wednesday's intraday trade after the company reported a strong set of earnings for the July-September quarter (Q2) of financial 2024-25 (FY25). Persistent Systems' share price on the NSE, also, surged 9.9 per cent to a high of Rs 5,674 per share.

 

Persistent System's consolidated net profit grew 23.44 per cent to Rs 324.90 crore in the September quarter (Q2FY25). The company's profit stood at Rs 263.2 crore in the year-ago period (Q2FY24). READ MORE

 

10:35 AM

Stock Market LIVE Updates: Here's why NBCC (India) share is buzzing in trade on Oct 23; Check details

Stock Market LIVE Updates: Shares of construction major NBCC (India) zoomed as much as 2.99 per cent to hit an intraday high of Rs 99.60 per share.

However, NBCC (India) shares were off highs and slipped into the red. At 9:47 AM, NBCC (India) shares were trading 3.72 per cent lower at Rs 93.10 per share. In comparison, BSE Sensex was down 0.12 per cent to 80,121.12 levels. READ MORE

 

10:31 AM

Stock Market LIVE Updates: RITES up 3% on Rs 454-cr order from K'taka Mining Environment Restoration Corp

Stock Market LIVE Updates: Shares of engineering services company RITES soared as much as 2.98 per cent to hit an intraday high of Rs 298.60 per share on Wednesday, October 23, 2024.

 

The rise in RITES share price came after the company announced that it has secured an order worth Rs 453.99 crore from  Karnataka Mining Environment Restoration Corporation. READ MORE

 

10:27 AM

Stock Market LIVE Updates: Coforge stock zooms 9% on strong Q2FY25 results, bulging order book

Stock Market LIVE Updates: Shares of Coforge surged up to 8.85 per cent at Rs 7397.25 a piece on the BSE on Wednesday after the company delivered strong quarterly earnings for the second quarter of the financial year 2024-25 (Q2FY25).

 

The information technology firm reported a nearly 17 per cent increase in net profit, reaching Rs 212 crore for the July-September quarter, compared to Rs 181 crore a year earlier. READ MORE

 

10:14 AM

Stock Market LIVE Updates: Sonata Software soars 4% on multi-year AI-backed managed services deal win

Stock Market LIVE Updates: Software company Sonata Software rose up to 4.37 per cent to hit an intraday high of Rs 609.95 per share on  Wednesday, October 23, 2024.

 

The uptick in Sonata Software share price came after the company announced that it has secured a multi-year artificial intelligence (AI)-powered managed services contract from a Fortune 500 manufacturing company. READ MORE

 

10:03 AM

Stock Market LIVE Updates: 10 AM market update - Sensex, Nifty climb amid volatility

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50 were trading higher amid volatility in the markets.

At 10 AM, the BSE Sensex was up 139.72 points, or 0.16 per cent, at 80,351.44, while the Nifty 50 was at 24,500.85, up 28.75 points, or 0.12 per cent.