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Oct 25, 2023 3:52 PM
Market At Close | Geojit's Vinod Nair On Market
"Investor sentiment is on edge as tensions in West Asia continue to drag the market. Despite a drop in oil prices and an optimistic view of the progressing Q2 results season, investors took a cautious approach due to the expectation that a higher interest rate scenario would continue slowing future growth. However, a positive strategy is evident on large-cap stocks, amid growing geopolitical worries and valuation concerns in mid- and small-cap stocks, as overall earnings growth is being sustained," says Vinod Nair, Head of Research at Geojit Financial Services.
Oct 25, 2023 3:46 PM
Market At Close | Sensex, Nifty 50 Slip For Five Consecutive Sessions For The First Time Since March
Market Gives Up Key Levels Amid A Broad-based Fall On Geopolitical Tensions
Nifty Bank Turns Negative For 2023 As Banking Majors Remain Under Pressure
Sensex Breached 64,000 & Nifty 19,100 Intra-day
Market Breadth Firmly In Favour Of Declines, Advance-Decline Ratio At 1:3
BSE Companies Lose Mkt Cap Of `2 Lk Cr On Wednesday & `9 Lk Cr In 2 Sessions
Market Cap Of BSE Companies Now At Lowest Levels In Last 2 Months
Sensex Falls 523 Points To 64,049 & Nifty 160 Points To 19,122
Nifty Bank Slips 319 Points To 42,832 & Midcap Index 253 Points To 38,564
40 Of 50 Nifty Stocks Close In The Red, Apollo Hosp, Adani Ent, Cipa Top Losers
Shriram Fin, Godrej Prop, Bharat Forge, JK Cement Are Top Midcap Losers
Delta Corp Ends As Top Midcap Gainer On HC Relief w.r.t GST tax Notice
Torrent Pharma Reporting Healthy Q2 Earnings, Lifts The Stock, Up Over 3%
Reports Of China Stimulus Support Metal Names, Tata Steel, Hindalco Top Gainers
Coal India Rises As Govt Extends Use Of Section 11 Directives Till June 2024
Oct 25, 2023 3:32 PM
Infosys Share price Update | Top Contributor Towards Nifty 50's Downside
Shares of Infosys are in the red for the fifth day today, down 2.8%.
It is contributing 34.3 points towards Nifty 50's downside.
The stock has fallen 10.3% this year, so far.
Oct 25, 2023 3:10 PM
Stock Market LIVE Updates | Kajaria Ceramics Eyes 13-15% Volume Growth For The Rest Of Fy24, Trims Bathware Guidance
Kajaria Ceramics expects a 13-15% rise in volumes in the second half of the financial year 2024, leading to an average growth of 9-10% for the full year, said Chairman and Managing Director Ashok Kajaria.
Volume growth for the first two quarters was 6-7%. However, the September volume growth of 10.5% indicates that things are looking up.
Kajaria expects margin growth also to improve to 12 to 15% in the second half from 6 to 7% in the first half.
Read more here
Oct 25, 2023 3:06 PM
GMR Airports To Acquire Malaysia Airports' 11% Stake In GMR Hyderabad International Airport For $100 Million
Oct 25, 2023 3:05 PM
Stock Market LIVE Updates | 2.7% Equity Exchanged In Swan Energy, Stock Gains
Oct 25, 2023 2:58 PM
Stock Market LIVE Updates | Just Dial Shares Jump Up To 4% After Analysts Upgrade Stock, Raise Target Price
Analysts at Kotak Institutional Equities have upgraded local search engine company Just Dial Ltd to a ‘buy’ rating and expect a higher 26% upside to the stock as its revenue reached pre-Covid levels. Shares of Just Dial surged by 4.34% to touch a high of ₹759.60 per share on BSE following the bullish call by analysts.
Brokerage Kotak Institutional Equities upgraded the target price for Just Dial to ₹920 per share against ₹875 per share earlier, implying a potential upside of up to 26% against 24% earlier. The brokerage also raised the FY2024–26 earnings per share (EPS) estimate by 17–19%.
Read more here
Oct 25, 2023 2:52 PM
Stock Market LIVE Updates | Top Stocks To Buy/Sell
Here are a couple of stock recommendations by Sameet Chavan of Angel One:
- Sell L&T at a target of Rs 2,850 to Rs 2,870 with a stop loss of Rs 2,955
- Sell PFC at a target of Rs 224, with a stop loss of Rs 242.
Oct 25, 2023 2:39 PM
Stock Market LIVE Updates | Arvind And Company Shares Make Steller Debut, List At 77% Premium Over IPO Price
Shares of of Arvind and Company Shipping Agencies made an impressive debut on Wednesday, October 26, listing at a 77.78% premium over its IPO price of ₹45. The stock opened at ₹80 and went on to hit a day's high of ₹84 on the NSE SME platform.
Ahead of its listing, the stock of Arvind and Company commanded a premium of ₹18 in the grey market, implying a listing price of ₹63.
Read more here
Oct 25, 2023 2:30 PM
Stock Market LIVE Updates | Metal Stocks Gain
The Nifty Metal index is the top gainer among sectoral indices, up 0.6%.
A total of 10 out of 15 stocks in the index are in the green.
Oct 25, 2023 2:22 PM
Stock Market LIVE Updates | Analysts Maintain Bullish Bet On SBI Cards Despite Weak September Numbers
Analysts have maintained their bullish outlook on SBI Cards and Payment Services Ltd even as the company reported weak credit card numbers for September. Analysts at global brokerage Morgan Stanley maintained their ‘overweight’ rating on the stock with a target price of ₹ 1,115 per share implying up to 43% potential upside to shares in the next 12 months.
The brokerage, in a note, mentioned that industry spending rose by 16% year-on-year in September against 32% in August.
Read more here
Oct 25, 2023 2:12 PM
Stock Market LIVE Updates | Bears Tighten Grip On Dalal Street; Sensex Slips 600 Points, Nifty Drops Below 19,100
The uncertainties associated with the Israel-Hamas conflict continued to weigh on the Indian equity markets, with Nifty declining nearly 200 points and the Sensex tumbling 600 points during today's afternoon trade. The losses were across the board, with IT and bank stocks witnessing the highest selling pressure.
The BSE Sensex gave up 64,000 mark to trade at 63,979.49, while Nifty50 slipped 187 points to trade at 19,095.05. The broader markets also turned negative after strong gains at the day's open.
Read more here
Oct 25, 2023 2:04 PM
Stock Market LIVE Updates | Nifty Bank Falls 300 Points As Market Loses Steam; Bandhan Bank, ICICI Bank Top Losers
The Nifty Bank index is trading over 290 points lower, below the 42,900 mark as headline indices fall nearly a percent, each. Barring SBI and Bank of Baroda, which are up 0.54% and 0.03%, respectively, all other index stocks are trading in the red. Bandhan Bank and ICICI Bank are the top index losers, down 1.51% and 1.45% respectively. The index has fallen close to 600 points from day's high.
The shares of ICICI Bank are contributing over 150 points towards the Nifty Bank downside.
Read more here
Oct 25, 2023 1:52 PM
Stock Market LIVE Updates | Dream Folks Reports Second Quarter Earnings
- Net profit up 20.3% at ₹17.8 crore vs ₹15 crore year-on-year.
- Revenue up 65% at ₹282.4 crore vs ₹171.2 crore year-on-year.
- EBITDA up 21.6% at ₹24.2 crore vs ₹19.9 crore year-on-year.
- Margin at 8.6% vs 11.6% year-on-year.
Oct 25, 2023 1:50 PM
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