Closing Bell :– All sectoral indices finished in the red, with Metal, Information Technology, Realty, Oil & Gas, Power, Capital Goods each down 2-3%, and Auto, Bank, FMCG, Pharma down 1-2%.
Closing Bell: Sensex Slips 825 pts , closed at 64,571 level : While Nifty at 64,571 level
Indian Market
FII AND DII
| FII Purchased | 456.21 Cr |
| DII Purchased | 8.53 Cr |
Stock Market News
- The ten-year US Treasury yield has reached 5%.
- The BSE FMCG index fell 1%, led by Dhampur Sugar Mills, Bajaj Hindusthan Sugar, and Dwarikesh Sugar Industries:
- The BSE Auto index fell 0.6 percent, led by Tube Investments of India, UNO Minda, and Apollo Tyres.
- The Nifty Midcap 100 index declined 2% and went below 39,000, pulled down by Laurus Labs, Bank of India, and Tata Teleservices (Maharashtra).
- The BSE Oil & Gas index fell 1%, led by Adani Total Gas, GAIL India, and Petronet LNG:
- So far in October, FPIs have pulled Rs 12,000 crore from equities and invested Rs 5,700 crore in debt.
- Aditya Birla Fashion and Retail subsidiary to purchase 51% ownership in Styleverse Lifestyle for Rs 155 crore lifts Transport Corporation of India by 3%.
- Samvardhana Motherson International will buy a 100% share in SSCP Aero Topco SAS, a French firm.
- Blue Star receives a Rs 3.39 crore penalty notice from the Mumbai Collector of Stamps.
- Balkrishna Industries’ Q2 profit fell 9% year on year to Rs 347.4 crore due to reduced other income and topline growth.
- BPCL has been sent with a notice to pay Rs 2 crore in environmental compensation to the Central Pollution Control Board.
- Ipca Labs reaches a 52-week high as the Ratlam unit’s VAI classification pleases Wall Street.
- The Central Bank of India’s second-quarter profit increased by 90.3% year on year to Rs 605 crore.
- Just Dial’s Q2 earnings increased 37.5% year on year to Rs 71.8 crore, while EBITDA increased 186%.
- NDTV reports a net profit of Rs5.91 crore for the second quarter.
- J&K Bank’s second-quarter profit increased 56.5% year on year to Rs 381 crore, while revenue increased 11%.
- Oberoi Realty’s Q2 booking value falls 16.5% year on year to Rs 965 crore.
- Amber Enterprises is down 11% after its net loss increased to Rs 5.6 crore in the second quarter.
- Himadri Speciality Chemicals has signed a framework agreement with Dalmia Bharat Refractories to acquire Birla Tyres.
- Poonawalla Fincorp’s Q2 profit rises 77% year on year to Rs 230 crore.
- IDBI Bank provides information. 60% increase in net profit in the second quarter; shares give up early gains
- Kotak Mahindra Bank’s Q2 net profit rises 24% to Rs 3,191 crore, as asset quality remains strong.
- YES Bank’s net profit in the second quarter increased by 47% to Rs 225.21 crore.
- ICICI Bank’s net profit in the second quarter increased 36% to Rs 10,261 crore, while bad loan provisions decreased.
| SENSEX | -825.74 | -1.26% |
64,571.88 |
| NIFTY50 | -260.90 | -1.34% | 19,612.15 |
| BANK NIFTY | –571.85 | -1.31% | 43,151.20 |
INDIAN MARKET MOVERS
| M&M | 6.90 0.44% | LTIMindtree | -214.45 -3.96% |
| Bajaj Finance | 29.70 0.38% | Adani Enterpris | -85.10 -3.56% |
| Hindalco | -15.05 -3.19% | ||
| Adani Ports | -22.20 -2.80% | ||
| UPL | -16.75 -2.78% |
News Updates
ICICI Bank’s net profit in the second quarter increased 36% to Rs 10,261 crore, while bad loan provisions decreased.
On October 21, ICICI Bank reported a 35.7 percent increase in standalone profit and a 24 percent increase in net interest income in the July-September quarter of fiscal year 2023-24 (Q2), with a considerable decrease in bad loan provisions.
The Mumbai-based bank’s standalone profit increased to Rs 10,261 crore for the quarter, up from Rs 7,557.84 crore in the same time last year, according to a BSE filing.
Net profit of Rs 10,261 crore (36 percent year on year growth) above experts’ expectations of Rs 9,422 crore (25 percent YoY growth) in Q2.
YES Bank’s net profit in the second quarter increased by 47% to Rs 225.21 crore.
YES Bank recorded a 47.4 percent increase in net profit to Rs 225.21 crore in the second quarter of the current fiscal year on October 21. The bank’s net profit for the previous quarter was Rs 152.82 crore. Net profit declined by more than 34% sequentially.
The bank’s asset quality improved in the reporting quarter, with a gross non-performing asset (NPA) ratio of 2% and a net NPA ratio of 0.9 percent.
In absolute terms, gross NPA stood at Rs 4319.03 crore as of September 30, while net NPA stood at Rs 27419.11 crore.
Kotak Mahindra Bank’s Q2 net profit rises 24% to Rs 3,191 crore, as asset quality remains strong.
On October 21, private sector lender Kotak Mahindra Bank recorded a net profit of Rs 3,191 crore for the July-September FY24 quarter, a 23.66 percent increase over the previous year.
The net profit of Rs 3,191 crore exceeded market expectations of Rs 3092 crore. The net interest income (NII) of Rs 6,297 crore increased by 23.49 percent from Rs 5,099 crore reported in the previous fiscal’s equivalent quarter. In addition, the NII came in marginally higher than the market forecast of Rs 6,226 crore.
The yen is hovering around 150 as Middle East tensions rise.
On Monday, the Japanese yen was in the spotlight in Asia, hovering at the 150-per-dollar level in a tug of war between investors banking on higher dollar yields and those expecting Japanese authorities to interfere in markets.
The week begins with growing concerns about the Middle East conflict, as Israel launched air strikes on Gaza early Monday, extending a two-week bombardment that began after an October 7 rampage by the Islamist group Hamas on southern Israeli communities, and as the US sent more military assets to the region.
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Force Motors announces August production of 3,032 automobiles.
Power Mech Projects climbs more than 2% after receiving a Rs 625 crore order.
Hitachi Energy India rises nearly 4% after receiving an order.
Quant Mutual Fund invests Rs 86 crore in JM Financial, while Valiant Mauritius Partners sells 0.8% of its holding.
Baring Private Equity sells Rs 34.7 crore in PG Electroplast shares.
Small Cap World Fund and New World Fund sell Rs 884.43 crore in Shriram Finance shares.
Nazara Technologies will offer 57.42 lakh preferential shares to SBI Funds at Rs 714 per share.
Cochin Shipyard Large Trade | According to CNBC-TV18, 8.6 lakh shares (0.7 percent e
Data from China | Exports were down 8.8% in August, while imports were down 7.3% year on year.
Indian Railways awards Responsive Industries a contract for the Garib Rath Initiative.
CNBC-TV18 reported that Bikaji Foods International Large Trade | 14.1 lakh shares (0.6 percent equity) worth Rs 71.3 crore change hands at Rs 507 per share.
PVR INOX stock rises as SRK’s ‘Jawan’ hits theaters, and the industry anticipates a blockbuster opening.
L&T rises on rumours of a possible order from Saudi Aramco for a gas project.
Varroc Engineering to acquire a 26% share in AMP Energy SPVs TCS forms strategic cooperation with JLR’s digital unit
Tata Motors August Auto Sales | JLR UK sales are down 23.6% year on year at 1,479 units versus 1,935 units.
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