Closing Bell :– Except for auto and FMCG, all other sectors indices finished in the green.
Closing Bell: Sensex Gains 329 pts , closed at 64112 level : While Nifty closed at 19,140 level
Indian Market
FII AND DII
| FII Sold | 1,500.13 Cr |
| DII Purchased | 313.69 Cr |
Stock Market News
- The BSE Healthcare index increased by 0.4 percent, driven by Medicamen Biotech, Piramal Pharma, and Kopran.
- Banco Do Brasil awards HCL Technologies a digital transformation contract.
- Despite higher provisions, AU Small Finance Bank’s Q2 profit increased 17% year on year to Rs 402 crore. Asset quality deteriorates
- Max Estates floated at Rs 298 per share, up from Rs 216 at the time of discovery.
- Oil falls 1% ahead of reports from the United States and China.
- UltraTech Cement receives board clearance for Rs 13,000 crore in capital expenditure to enhance capacity by 21.9 mtpa.
- The Commissioner’s office of Kolkata South CGST & CX issues a tax demand notice for Rs 3.74 crore to Speciality Restaurants.
- Airtel and Microsoft are collaborating to allow integrated calling via Microsoft Teams.
- Cello World’s Rs 1,900-crore IPO goes live, with 7% of the offer already subscribed.
- UltraTech would invest Rs 13,000 crore to increase manufacturing capacity by 21.9 MTPA in order to meet future demand.
- Cello World acquires Rs 567 crore from anchor investors ahead of its first public offering (IPO).
- The Sebi has extended the prohibition of certain commodity derivatives until December 2024.
- UPL Q2 Report: Rs189 Crore Net Loss, Missing Analyst Expectations
- Premier Explosives rises 5% after reporting a 5% increase in net earnings in the second quarter.
- IDFC First Bank’s Q2 earnings increased 35% year on year to Rs 751 crore.
- NTPC’s Q2 profit rises 17% year on year to Rs 3,885 crore.
- Gujarat Gas has raised the price of industrial gas by Rs 2.3 per scm.
- Goodluck India’s Q2 earnings increased by 70% year on year to Rs 35 crore, thanks to strong EBITDA growth.
- Route Mobile’s Q2 profit increased 21.6% year on year to Rs 88.4 crore, while sales increased 20%.
- Inox Wind’s Q2 loss is reduced to Rs 29.23 crore, while income increases by 246%.
- SBI Cards and Payment Services’ Q2 profit increases 15% year on year to Rs 603 crore.
- Union Bank of India’s second-quarter profit increased by 90% year on year to Rs 3,511 crore.
- BPCL declares a Q2 profit of Rs 8,501 crore, while sales is down 10.3% year on year.
- IRB Infrastructure Developers’ Q2 profit increased by 12% year on year to Rs 95.7 crore, while revenue increased by 30%.
- City Union Bank’s Q2 profit rises 1.8% year on year to Rs 281 crore as provisions fall.
- Mahanagar Gas’s Q2 profit increased 106% year on year to Rs 338.5 crore due to lower natural gas costs.
- M&M Financial Services’ second-quarter profit fell 47.5% year on year to Rs 235 crore.
- Reliance Industries’ Q2 profit rises 29.7% year on year to Rs 19,878 crore, while its EBITDA margin widens by 390 basis points.
| SENSEX | 329.85 | +0.52% |
64,112.65 |
| NIFTY50 | 93.65 | +0.49% | 19,140.90 |
| BANK NIFTY | 257.15 | +0.60% | 43,039.15 |
INDIAN MARKET MOVERS
| BPCL | 12.30 3.67% | UPL | -20.00 -3.58% |
| UltraTechCement | 198.65 2.42% | Tata Motors | -12.55 -1.96% |
| ONGC | 4.10 2.22% | Maruti Suzuki | -163.00 -1.54% |
| Reliance | 47.90 2.11% | Axis Bank | -13.55 -1.35% |
| SBI Life Insura | 24.45 1.88% | Bajaj Auto | -64.65 -1.20% |
News Updates
Primary market busy amid turmoil; Cello World, Mamaearth amid 7 IPOs to open this week
Six initial public offerings (IPOs) worth Rs 3,734 crore hit Dalal Street this week amid market turmoil in West Asia, US bond yields, and FII selling. Two companies also made their market debut. Equity benchmarks the Sensex and Nifty tanked 2.5 percent and are down 6% from their record highs. Cello World, a consumer product company, will launch its IPO on October 30. The Rs 1,900-crore issue, an offer for sale of shares by the Rathod family, closes on November 1 and has a price band of Rs 617-648 a share.
India Inc Top 10 suffer Rs 1.93-lakh-cr loss; TCS, HDFC Bank lead laggards
Last week, the top-10 most valued firms experienced a combined erosion of Rs 1,93,181.15 crore in market valuation, with Tata Consultancy Services (TCS) and HDFC Bank taking the biggest hit. The BSE benchmark tanked 1,614.82 points or 2.46 percent, with TCS’s market valuation dropping the most among the top-10 firms. HDFC Bank’s market capitalization fell to Rs 11,14,185.78 crore, while Reliance Industries Limited’s valuation dropped to Rs 15,32,595.88 crore. Infosys’ valuation tumbled to Rs 19,320.04 crore, while Bharti Airtel’s mcap fell to Rs 5,13,735.07 crore.
FPIs withdraw Rs 20,300 cr from equities in Oct; invest Rs 6,080 cr in debt
Foreign Portfolio Investors (FPIs) have withdrawn over Rs 20,300 crore from Indian equities in October due to a surge in US treasury yield and the uncertain environment caused by the Israel-Hamas conflict. However, FPIs have also invested Rs 6,080 crore in Indian debt during the period under review. The future of FPI flows depends on factors such as the US Federal Reserve’s November 2 meeting and global economic developments. FPIs are expected to remain cautious amid global uncertainty and increasing US interest rates, but India’s strong economic growth prospects should maintain its appeal for foreign investors in both equities and debt.
ESAF Small Finance Bank IPO to open on November 3, plans to raise Rs 463 crore
The ESAF Small Finance Bank IPO is set to open on November 3, with a target of raising Rs 463 crore. This is the third public issue in the coming week, following Cello World and Honasa Consumer. The anchor book will be opened on November 2, and the public issue will close on November 7. The offer includes a fresh issuance of shares worth Rs 390.7 crore by the company and an offer-for-sale (OFS) of Rs 72.3 crore shares by three shareholders. ESAF Financial Holdings will sell Rs 49.26 crore worth of shares via OFS, while PNB MetLife India Insurance Company and Bajaj Allianz Life Insurance Company will offload Rs 23.04 crore worth of stocks in the OFS.
IDFC First Bank Q2 Results: Net profit jumps 35% to Rs 751 crore
IDFC First Bank reported a 35% increase in net profit to Rs 751 crore for the July-September quarter of the 2023-24 financial year, compared to the previous year. The bank’s net interest income was Rs 3,950 crore, up 31% YoY and above the estimated Rs 3,923 crore. The lender’s net interest margin was 6.32 percent, compared to 5.83 percent in the previous quarter. Deposits increased by 44% YoY to Rs 1.64 lakh crore, while CASA deposits grew 26% to Rs 79,468 crore. However, the net profit was lower than Motilal Oswal’s estimate of Rs 785.7 crore.
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Closing Bell Closing Bell Closing Bell Closing Bell Closing Bell Closing Bell Closing Bell Closing Bell Closing Bell Closing Bell Closing Bell latest news fClosing Bell tyClosing Bell above 19,700, Sensex up 385 points; gains in capital goods, real estate, and banks
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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