Market Close Highlights, Oct 28: Sensex adds 603 pts, Nifty holds 24,300; Bank stocks outperform

Stock Market Highlights: Indian benchmark equity indices BSE Sensex, and NSE Nifty50 settled higher on Monday

2:02 PM

Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty trade higher

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50 were trading higher than their opening levels after climbing down from their day's highs on Monday.

At 2 PM, the BSE Sensex was up 883.25 points, or 1.11 per cent, at 80,285.54, while the Nifty 50 was at 24,415.60, up 234.80 points, or 0.97 per cent.

 

1:52 PM

Stock Market LIVE Updates: Inox Wind shares gain 7% after swinging into Rs 90-cr profit in Q2FY25

Stock Market LIVE Updates: Inox Wind shares advanced 6.89 per cent on Monday and registered an intraday high of Rs 217 per share on BSE. The stock was in demand after the company registered a profit in Q2FY25 as compared to a loss in Q2FY24. 

 

At around 12:02 PM, Inox Wind shares were up 4.48 per cent at Rs 212.1 per share. In comparison, the BSE Sensex was up by 1.11 per cent at 80,284.85 at around the same time. The market capitalisation of the company at around the same time stood at Rs 27,653.47 crore. READ MORE

 

1:44 PM

Stock Market LIVE Updates: Poonawalla Fincorp turns volatile post Q2 nos; brokerages mixed on outlook

Stock Market LIVE Updates: Shares of Poonawalla Fincorp hit a 52-week low of Rs 270, falling 9 per cent on the BSE in Monday’s intra-day trade after the company reported disappointing numbers for the second quarter of the 2024-25 financial year (Q2FY25) with a net loss of Rs 471 crore, due to the credit cost of Rs 910 crore, including Rs 670 crore one-time provisioning on the short-term personal loans (STPL) book. 

 

The company had posted profit after tax (PAT) of Rs 1,259 crore in the year ago quarter (Q2FY24) and PAT of Rs 292 crore in previous quarter (Q1FY25). READ MORE

 

 

1:29 PM

Stock Market LIVE Updates: Motilal Oswal's Q2 net profit more than doubles to Rs 1,120 crore

Stock Market LIVE Updates: Motilal Oswal Financial Services today reported a 71.5 per cent increase in Q2 revenue from operations at Rs 2,837.83 crore, from Rs 1,654.83 crore in the year ago period.

The company's profit before tax came in at Rs 1,453.67 crore, higher by 121.1 per cent from Rs 657.57 crore in the year ago period.

The company's profit after tax for the period came in at Rs 1,120.08 crore, up by 110.9 per cent from Rs 531.19 crore in the year ago period.

 

1:18 PM

Stock Market LIVE Updates: Ambuja Cement's consolidated Q2 net profit halves to Rs 473 crore

Stock Market LIVE Updates: Adani Group-owned Ambuja Cements reported consolidated Q2 revenue from operations at Rs 7,516.11 crore, higher by 1.24 per cent year-on-year from Rs 7,423.95 crore in the year ago period

The company reported profit before tax at Rs 712.67 crore during the quarter, down 46.8 per cent YoY from Rs 1,339.71 crore in the year ago quarter.

Meanwhile, the company's profit for the quarter declined more than halved (52.1 per cent), to Rs 472.89 crore, from Rs 987.24 crore in the year ago period.

1:08 PM

Stock Market LIVE Updates: CMS Info share price fell 13% in trade today; here's what's dragging stock

Stock Market LIVE Updates: CMS Info Systems shares plunged 13 per cent on Monday and registered an intraday low of Rs 503 per share on BSE. The stock declined after the company's Q2 result showed a decline in Earnings before interest, tax, depreciation, and amortisation (Ebitda) margins.

 

At around 12:34 PM, CMS Info Systems shares were down 12.16 per cent at Rs 508.1 per share. In comparison, the BSE Sensex was up by 1.36 per cent at 80,478.69 at around the same time. The market capitalisation of the company at around the same time stood at Rs 8,291.34 crore. READ MORE

 

1:02 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty climb off day's high; trade in green

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50 were trading higher than their opening levels after climbing down from their day's highs on Monday.

 

At 1 PM, the BSE Sensex was up 901.65 points, or 1.14 per cent, at 80,303.94, while the Nifty 50 was at 24,419.35, up 238.55 points, or 0.99 per cent.

12:48 PM

Stock Market LIVE Updates: Can the Sensex hit 125,000 in Samvat 2081? Here's what chart say

Stock Market LIVE Updates: Despite the recent 8 per cent set-back to the BSE and the NSE equity benchmark indices, the Indian stock markets are well poised to end Samvat 2080 (the Hindu calendar) with attractive gains. For the records, as of October 25, the BSE Sensex was up 22.3 per cent while the NSE Nifty 50 had logged a 24.5 per cent gain in this Samvat year thus far.

 

The Muhurat trading session for the new calendar year - Samvat 2081 - is scheduled this week on Friday, November 01. The stock exchanges, the BSE and NSE, have notified the timing of a special one-hour trading session, from 6 PM - 7 PM on Friday to ring in Samvat 2081. The Muhurat trading session embodies a blend of cultural significance and financial opportunity. READ MORE

 

12:36 PM

Stock Market LIVE Updates: CarTrade Tech posts 827% YoY jump in Q2 net profit at Rs 27.9 crore

Stock Market LIVE Updates: CarTrade Tech reported Q2 revenue from operations at Rs 154.2 crore, up 28.5 per cent year-on-year from Rs 120 crore in the year ago period.

The company's profit before tax stood at Rs 37.1 crore, compared to Rs 25.8 crore in the year ago period. 
 

Its profit for the period came in at Rs 27.9 crore, a jump of 826.9 per cent from a profit of Rs 3.01 crore in the year ago period.

 

12:27 PM

Stock Market LIVE Updates: DIIs pour Rs 4.6 trn in equities during Samvat 2080; highest-ever on record

Stock Market LIVE Updates: Domestic institutional investors (DIIs) have pumped in a record Rs 4.6 trillion in equities during Samvat 2080 and is the highest amount ever invested by them in any Samvat, data shows. The strong inflow made up for tepid flows of foreign portfolio investors (FPIs), who invested a net Rs 90,956 crore in Indian equities during this period.

 

In this backdrop, the Nifty 50 and BSE Sensex are set to post their best performance in Samvat 2080 in the past three years despite the recent correction. Among sectors, information technology (IT), automobiles, pharmaceutical, power and public sector enterprises (PSE) stocks led from the front. READ MORE

 

12:19 PM

Stock Market LIVE Updates: Cyient buys stake in Azimuth AI to make ASIC chips and spur its semiconductor play

Stock Market LIVE Updates:  Cyient today informed that it has acquired a 27.3 per cent stake in Azimuth AI, a fabless custom ASIC company known for its expertise in intelligent energy and power solutions. 

With this stake buy, Cyient aims to strengthen its semiconductor capabilities and build cutting-edge application-specific integrated chips (ASIC).

 

12:14 PM

Stock Market LIVE Updates: Godavari Biorefineries IPO allotment: Check status, GMP, & likely gains

Stock Market LIVE Updates: The basis of allotment for Godavari Biorefineries IPO shares is likely to be finalised today, October 28, 2024. The IPO subscription window closed on Friday, October 25, 2024. Godavari Biorefineries IPO was available at a price band of Rs 334-352 with a lot size of 42 shares for investors. The public issue received decent participation, being oversubscribed 1.83 times by the last date of subscription. READ MORE

 

11:58 AM

Stock Market LIVE Updates: IDFC First slumps 10% after posting a 72% slip in its net profit in Q2FY25

Stock Market LIVE Updates: IDFC First Bank shares dropped 9.5 per cent in trade on Monday and registered an intraday low of Rs 59.24 per share on BSE. The stock declined after the private sector bank reported a 73 per cent fall in net profit for the second quarter ended September 30, 2024.

 

At around 11:18 AM, IDFC First Bank shares were down 1.8 per cent at Rs 64.35 per share. In comparison, the BSE Sensex was up by 1.02 per cent at 80,213.06 at around the same time. The market capitalisation of the company at around the same time stood at Rs 47,080.19 crore. READ MORE

 

11:48 AM

Stock Market LIVE Updates: Shriram Finance rallies 7% on strong Q2 results; approves 1:5 stock split

Stock Market LIVE Updates: Shares of Shriram Finance rallied 7 per cent to Rs 3,313.65 on the BSE in Monday’s intra-day trade after the company reported a strong performance for the second quarter of the 2024-25 financial year (Q2FY25).

 

Its asset under management (AUM) grew by 20 per cent year-on-year (YoY) to Rs 243,000 crore during the quarter, driven primarily by passenger vehicle (PV) (19.6 per cent YoY), farm equipment (28.4 per cent YoY) and MSME (51.2 per cent YoY), supported by continued healthy growth in commercial vehicle (CV) (14 per cent YoY). READ MORE

 

11:33 AM

Stock Market LIVE Updates: Key reasons why Sensex rose 950 pts, Nifty climbed to 24,440 intraday today

Stock Market LIVE Updates: After a challenging week for investors in Indian bourses, the markets finally turned positive on Monday, surging up to 949 points or 1.19 per cent and reclaiming the 80,000 mark at 80,351 levels, while NSE’s Nifty50 soared 260 points or 1.07 per cent at 24,440 levels in intraday deals. 

The key benchmarks were racing on greener pastures on account of strong second quarter results by leading banks and optimism in investors due to expectation of oil prices falling further as Israel's retaliatory strike on Iran over the weekend bypassed Tehran's oil and nuclear infrastructure and did not disrupt energy supplies. READ MORE