Market Close Highlights, Oct 30: Sensex sheds 427pts, Nifty ends at 24,340; Smallcap stocks outshine

Stock Market Highlights: As many as 31 out of 50 constituent stocks ended in the red, dragged down by Cipla, Shriram Finance, Infosys, HDFC Life Insurance Company, and Trent

9:52 AM

Stock Market LIVE Updates: Kaynes Tech climbs over 6% as Q2 net profit rises 87% to Rs 60 crore

Stock Market LIVE Updates: Kaynes Technology India Q2 FY25 (Consolidated, YoY): Revenue surged by 58.44 per cent to Rs 572 crore from Rs 361 crore. Ebitda rose by 66.86 per cent to Rs 82.6 crore from Rs 49.5 crore. The Ebitda margin increased by 72 bps to 14.44 per cent. Net profit climbed by 87.5 per cent to Rs 60 crore, up from Rs 32 crore.

9:48 AM

Stock Market LIVE Updates: Welspun Enterprises falls over 3% after Q2 net profit declines 11% to Rs 62 crore

Stock Market LIVE Updates:  Q2 FY25 (Consolidated, YoY):Revenue grew by 22 per cent to Rs 789 crore, compared to Rs 646 crore. Ebitda also increased by 22 per cent to Rs 100 crore from Rs 83 crore. The Ebitda margin remained steady at 12.7 per cent. However, net profit decreased by 11 per cent to Rs 62 crore from Rs 69 crore, with a loss of Rs 12 crore from discontinued operations compared to a loss of Rs 3 crore year-on-year.

 

9:40 AM

Stock Market LIVE Updates: GHCL stock climbs nearly 8% as its Q2 Ebitda margins and profit improve slightly

Stock Market LIVE Updates:  Q2 FY25 (Consolidated, YoY): Revenue decreased by 1.62 per cent to Rs 793 crore from Rs 806 crore. Ebitda fell by 1.4 per cent to Rs 211 crore, compared to Rs 214 crore. However, the Ebitda margin improved by 5 bps to 26.6 per cent. Net profit rose by 8.39 per cent to Rs 155 crore, up from Rs 143 crore.

 

9:34 AM

Stock Market LIVE Updates: Voltas declines nearly 5% despite posting 269% rise in Q2 net profit

Voltas Q2 FY25 (Consolidated, YoY): Revenue increased by 14.26 per cent to Rs 2,619 crore, compared to Rs 2,292 crore. Ebitda surged by 131.42 per cent to Rs 162 crore from Rs 70 crore. The Ebitda margin expanded by 313 bps to 6.18 per cent. Net profit skyrocketed by 269.44 per cent to Rs 133 crore, up from Rs 36 crore.

 

9:23 AM

Stock Market LIVE Updates: Broader markets mixed

Stock Market LIVE Updates: Broader markets mixed; Nifty SmallCap up 0.4 per cent.

9:20 AM

Stock Market LIVE Updates: Index heatmap

Stock Market LIVE Updates: Maruti is the top gainer on BSE.

9:18 AM

Stock Market LIVE Updates: Nifty opens at 24,371 levels

Stock Market LIVE Updates: Nifty opens at 24,371 levels

9:17 AM

Stock Market LIVE Updates: Sensex opens at 80,237 levels

Stock Market LIVE Updates: Sensex opens at 80,237 levels

9:09 AM

Stock Market LIVE Updates: Nifty down 95 points in pre-open

Stock Market LIVE Updates: Nifty down 95 points in pre-open.

9:08 AM

Stock Market LIVE Updates: Sensex slips 110 points in pre-open

Stock Market LIVE Updates: Sensex slips 110 points in pre-open.

9:00 AM

Stock Market LIVE Updates: 'With Nifty trading 24x FY25 est earnings, there's no valuation comfort in mkt'

Stock Market LIVE Updates: In the near term the market will be influenced by two factors - one positive and the other negative. The positive is the sharp decline in FII selling to just Rs 548 crores yesterday. This is an indication that the FII tactical trade of ‘Sell India, Buy China’ is coming to an end. With more DII and retail money coming to the market and FII selling tapering off, the market may get a near-term boost, aided by the festive mood. But the uptrend is unlikely to sustain since the Q2 earnings numbers indicate softness in earnings for FY25. The consensus earnings estimates are likely to be revised down by most brokerages. With Nifty now trading at about 24 times FY25 estimated earnings, there is no valuation comfort in the market. This negative factor will cap the rally driven by domestic money.

 

Investors should focus on fairly valued largecaps where earnings visibility is good. This trend is already evident in the price action yesterday which saw Bank Nifty move up by 2.07% in contrast to Nifty’s  0.52 per cent up move.

Views By: V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

 

8:48 AM

Stock Market LIVE Updates: Alphabet Inc beats sales estimates in Q3 results on Google Cloud growth

Stock Market LIVE Updates: Alphabet Inc.’s cloud computing division led a better-than-expected third-quarter performance for the search giant on Tuesday, as the company’s embrace of artificial intelligence deepened and its core business weathered competition from new entrants. READ MORE

8:38 AM

Stock Market LIVE Updates: Pre-market view

In yesterday’s session, Nifty and banking stocks made a solid comeback, with the advance-decline ratio favouring the bulls at 3:2. As we head towards the Diwali Muhurat session on Friday, November 1, 2024, market sentiment is expected to remain positive, buoyed by key drivers such as short covering ahead of the October F&O expiry, value buying, easing geopolitical tensions in the Middle East, a sharp drop in oil prices below $67.50, and strong Q2 results from PSU banks like SBI, ICICI Bank, and Bandhan Bank. With this improving risk-on sentiment, a ‘buy on dips’ strategy is recommended for Nifty and Bank Nifty, while Siemens stands out as our top pick for a bullish move.

Views By: Prashanth Tapse, Senior VP (Research), Mehta Equities 

8:36 AM

Stock Market LIVE Updates: AI may change nature of work, won't mean job losses, says Axis Bank

Stock Market LIVE Updates: Axis Bank Ltd says artificial intelligence will change the nature of work but won’t lead to net job losses at the Indian lender, which has boosted digital staffing more than 10-fold in recent years. There’s “no need to shrink our workforce,” said Sameer Shetty, head of digital business and transformation at India’s third-largest private bank by market value. READ MORE

8:30 AM

Stock Market LIVE Updates: Dividend stocks: NTPC, Tech Mahindra, & 11 others to remain in focus today

Stock Market LIVE Updates: Shares of Tech Mahindra, Birlasoft, Balkrishna Industries, and 10 other companies will remain in focus today following their announcements of dividend payments for their respective shareholders, as per the BSE data. Dividends are cash payments made by companies to shareholders, typically derived from profits. READ MORE