Market Close Highlights, Oct 24: Sensex ends flat, Nifty below 24,400; Banks lead, FMCG drags

Stock Market Highlights: 26 out of 50 constituent stocks of Nifty50 ended in the green, led by Ultratech Cement, Shriram Finance, Grasim, Titan, and Mahindra & Mahindra

2:20 PM

Stock Market LIVE Updates: Adani's Kutch Copper nears Rs 30,000 crore copper sourcing deal with BHP

Stock Market LIVE Updates: Gautam Adani-controlled Kutch Copper is reportedly in discussions with Australian mining giant BHP to secure a substantial copper concentrate supply. The potential agreement could involve up to 1.6 million tonnes per annum (mtpa) of copper concentrate, according to a report by The Economic Times. READ MORE

 

2:11 PM

Stock Market LIVE Updates: ICICI Bank Q2 results preview: Analysts peg net profit growth at 7% YoY

Stock Market LIVE Updates: ICICI Bank is expected to report mid-single digit growth in net profit in the second quarter of the current financial year (Q2 FY25), weighed by weak interest income and loan growth. READ MORE

 

2:09 PM

Stock Market LIVE Updates: KPI Green arm secures Letters of Awards for development of solar power projects

Stock Market LIVE Updates: KPI green arm, Sun Drops Energia Private Limited, has received Letters of Award/Intent for development of solar power projects with a cumulative capacity of 9 MW under the ‘Captive Power Producer (CPP)’ business segment of the Company.

Source: BSE

2:03 PM

Stock Market LIVE Updates: Colgate announces Q2 results

Stock Market LIVE Updates: Colgate’s net profit rose 16.2 per cent to Rs 395 crore in Q2FY25. Revenue climbed 10 per cent to Rs 1,619 crore.

 

2:00 PM

Stock Market LIVE Updates: Unilever, Danone boost sales as price hikes start to slow, beats Q3 sales

Stock Market LIVE Updates: Consumer goods groups Unilever and Danone beat third-quarter sales estimates on Thursday as they slowed price hikes and invested in innovations to win back shoppers who had turned to cheaper brands during a surge in inflation. The cost of everything from freight to raw materials rose during the pandemic, while grain and energy became more expensive after Russia's full-scale invasion of Ukraine in 2022. READ MORE

1:59 PM

Stock Market LIVE Updates: India to see 20 times growth in computing capacity in 2024, says Nvidia CEO

Stock Market LIVE Updates: India, a country "dear" to the world's computer industry, is set to witness 20 times growth in compute capacities in 2024, and will soon be exporting impactful AI solutions, Nvidia founder and CEO Jensen Huang said on Thursday. READ MORE

 

1:58 PM

Stock Market LIVE Updates: ACC reports Q2FY25 results

Stock Market LIVE Updates: ACC's net profit fell 48.5 per cent to Rs 199.7 crore in the September quarter of FY25, from Rs 388 crore in the September quarter of FY24.

1:57 PM

Stock Market LIVE Updates: KPIT Technologies share price plunges 14% today: Key factors behind fall

Stock Market LIVE Updates: Shares of software development company KPIT Technologies plunged as much as 14.53 per cent to today’s low of Rs 1,395 on the BSE during intra-day deals on Thursday. A combined total of 0.77 million shares of KPIT Technologies worth around Rs 1,141.62 crore exchanged hands on the BSE and NSE today. READ MORE

 

1:52 PM

Stock Market LIVE Updates: India Inc July-Sep revenue growth seen at 5-7%, slowest in 16 quarters

Stock Market LIVE Updates: The revenue growth of Indian corporations for the July-September quarter is estimated to be 5-7 per cent year-on-year (Y-o-Y), marking the slowest growth in 16 quarters, rating agency Crisil said on Thursday. The slowdown was attributed to the stagnant performance in the construction sector, which accounts for 20 per cent of the total India Inc’s revenue. READ MORE

1:49 PM

Stock Market LIVE Updates: Gold beats equity in most emerging mkts, except India: What should you do?

Stock Market LIVE Updates:  Gold has outperformed equity markets in local currency terms across all markets, except for India, where equities have shown stronger returns, said DSP Mutual Fund in it's latest edition of the October 2024 Netra report. READ MORE

 

1:38 PM

Stock Market LIVE Updates: Here's why Adani Power share price is buzzing in trade on October 24

Stock Market LIVE Updates: Renewable energy company Adani Power share price rose as much as 4.39 per cent to hit an intraday high of Rs 612 per share on Thursday, October 24, 2024. 

 

Adani Power shares rose after the company announced that its board of directors will meet on October 28, to consider raising funds worth up to Rs 5,000 crore via non-convertible debentures (NCDs). READ MORE

 

1:24 PM

Stock Market LIVE Updates: FMCG index slips 3% on weak Q2 results; HUL tanks 8%, Nestle hits 52-wk low

Stock Market LIVE Updates: Shares of fast moving consumer goods (FMCG) companies were under pressure, with the sector giant Hindustan Unilever (HUL) tanked 8 per cent to Rs 2,452.60 on the National Stock Exchange (NSE) in Thursday’s intra-day trade after the FMCG major reported a lower-than-expected September quarter (Q2FY25) earnings. READ MORE

 

 

1:10 PM

Stock Market LIVE Updates: Why is Hindalco down 7%, logging sharpest 1-day fall since June? Details

Stock Market LIVE Updates: Hindalco Industries shares slipped 7 per cent to Rs 666.80 on the BSE in Thursday’s intra-day trade on the back of heavy volumes on profit booking. The company's stock recorded its sharpest intra-day fall since June 2024, when it had fallen 14.6 per cent.

 

 At 10:33 AM, Hindalco shares were trading 4 per cent higher at Rs 689.65, as compared to the 0.02 per cent decline in the BSE Sensex. The average trading volumes on the counter had jumped four-fold so far, while a combined 10.28 million equity shares of the company had changed hands on the NSE and BSE. READ MORE

 

1:03 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty maintain lower levels

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50 were trading on a muted note on Thursday.

At 1 PM, the BSE Sensex was down 16 points, or 0.02 per cent, at 80,065, while the Nifty 50 was at 24,401, lower by 34 points, or 0.14 per cent.

12:53 PM

Stock Market LIVE Updates: Godrej Properties soars 9% after profit rises five-fold in Q2FY25 results

Stock Market LIVE Updates: Shares of Godrej Properties soared 8.72 per cent at Rs 3,219.25 per share on the BSE in Thursday’s intraday trade after the reported stellar quarterly earnings for the second quarter of the financial year 2024-25 (Q2FY25).

 

 Godrej Properties reported a nearly fivefold increase in net profit, reaching Rs 335.21 crore for the second quarter of FY25. In the same quarter last year, net profit stood at Rs 66.80 crore. READ MORE