After a subdued opening, the Indian markets recovered and closed near their day’s high. NIFTY50 closed above the 19,100 mark, supported by gains in index heavyweights such as Reliance Industries and HDFC Bank. Out of the NIFTY50 universe, 29 stocks posted gains.
30 October 2023, 3:45 pm IST
Stock Market LIVE Updates | Markets at close
Benchmark indices closed in the green today, with the NIFTY50 index closing at 19,140 (+0.49%) and Sensex closing at 64,112 (+0.52%). BPCL (+3.4%), Ultratech Cement (+2.2%), ONGC (+2.1%) Reliance Industries (+1.9%), SBI Life (+1.7%), were the top gainers, while UPL (-4.5%), Tata Motors (-1.8%), Maruti (-1.5%), Eicher Motors (-1.3%), Axis Bank (-1.3%) were the top losers.
30 October 2023, 3:25 pm IST
Stock Market LIVE Updates | AU Small Finance Bank merger fails to impress investors
AU Small Finance Bank Ltd. announced the merger of Fincare Small Finance Bank Ltd. As per the deal, AU Small Finance Bank will issue 579 shares of the bank for every 2,000 shares held by shareholders of Fincare. Following the merger announcement, AU Small Finance Bank’s shares are trading lower, down 3.5% at 3:25 pm.
30 October 2023, 3:20 pm IST
Stock Market LIVE Updates | Adani Green reports robust quarterly profit
Shares of Adani Green Energy surged over 5% after its Q2 net profit jumped 148% YoY to ₹371 crore. Meanwhile, revenue from operations jumped over 40% YoY at ₹2,220 crore.
30 October 2023, 3:10 pm IST
Stock Market LIVE Updates | UPL shares down 3%
The agrochemical maker reported a loss of ₹189 crore in the September quarter compared to a profit of ₹813 crore in the same period last year. The profitability was impacted by the liquidation of high-cost inventory and intense price competition. The revenue was also down 19% to ₹10,170 crore.
30 October 2023, 2:55 pm IST
Stock Market LIVE Updates | Raymond bags redevelopment project
Shares of Raymond are up more than 1%. The company has secured a redevelopment project in Mumbai. The project is estimated to generate revenue of ₹1,700 crore.
30 October 2023, 2:40 pm IST
Stock Market LIVE Updates | Oil declines more than 1%
On Monday, Brent crude oil is down more than 1% and is trading below the $90 per barrel mark. The oil markets seem to be cautious ahead of this week’s US Fed interest rate decision and China PMI data.
30 October 2023, 2:25 pm IST
Stock Market LIVE Updates | Premier Explosives rises 5% after Q2 net profit jumps
Premier Explosives stock surged 5% after it reported an over 360% jump in its net profit to ₹11.60 crore against ₹2.51 crore a year ago. Revenue jumped 28% to ₹78.82 crore.
30 October 2023, 2:15 pm IST
Stock Market LIVE Updates | Market Check at 2:15 pm
Benchmark indices continue to trade in green with NIFTY50 index up 72 points at 19,119 (+0.38%). Sensex is up 261 points at 64,044 (+0.46%). BPCL (+3.8%), Reliance Industries (+2.2%), Ultratech Cement (+2.1%), Cipla (+1.9%), ONGC (+1.5%) are amongst top gainers. Meanwhile, NIFTY Midcap100 and NIFTY Smallcap100 index trades marginally up today.
30 October 2023, 2:05 pm IST
Stock Market LIVE Updates | Mukand Ltd gains on power delivery agreement with Tata Power
Shares of Mukand were up more than 3% after the company signed a power delivery agreement (PDA) for a 43.75 MW group captive solar plant with Tata Power Renewable Energy. As per company, this agreement will help make its steel manufacturing processes and production greener. Meanwhile, Tata Power shares are trading flat around ₹239 per share.
30 October 2023, 1:50 pm IST
Stock Market LIVE Updates | Nippon India’s robust Q2 performance
The asset management company’s net profit rose 19% year-on-year to ₹244 crore in the September quarter. In the same period, assets under management also rose 23%. The shares of equity assets also rose to 46.8% from 43.5% in Q2FY23.
30 October 2023, 1:40 pm IST
Stock Market LIVE Updates | Airtel ties up with Microsoft to enable integrated calling through Microsoft Teams
Bharti Airtel and Microsoft have partnered to offer Indian organisations calling services over Microsoft Teams through an integration with Airtel IQ.
30 October 2023, 1:25 pm IST
Stock Market LIVE Updates: Cello World IPO subscribed 13% so far on Day 1
The Cello World IPO has been subscribed 13% so far on the first day of bidding. The non-institutional investor (NII) category was booked 25%, while retail investor category was subscribed 16%. No bids have been placed in the QIB category yet. To know more and apply for this IPO, click here.
30 October 2023, 1:15 pm IST
Stock Market LIVE Updates | Supreme Industries reports second quarter earnings
Shares of Supreme Industries jumped 3.3% today after its Q2 net profit surged 192% YoY to ₹243 crore, while revenue from operations stood at ₹2,308 crore, up 10.6% YoY.
30 October 2023, 1:00 pm IST
Stock Market LIVE Updates | KPIT Tech surge over 5% after Q2 earnings
KPIT Technologies' net profit surged 5.1% to ₹140 crore on a sequential basis. Meanwhile, its revenue jumped 9.2% QoQ to ₹1,199 crore. Following upbeat results, company’s share rose over 5%
30 October 2023, 12:50 pm IST
Stock Market LIVE Updates | CDSL shares zoom
Shares of CDSL are up around 4% after the depositary services provider posted strong Q2 numbers. It added 80 lakh demat accounts in Q2FY24 compared to 48 lakh in the same period last year. This helped the company to post 35% YoY and 29% YoY growth in net profit and revenue, respectively.
30 October 2023, 12:25 pm IST
Stock Market LIVE Updates | Shares of Zee Entertainment surge over 3% as SAT lifts ban On Punit Goenka holding key managerial post
Zee Entertainment shares saw a 3% increase following the decision by the Securities Appellate Tribunal (SAT) on Monday. The SAT overturned the Securities and Exchange Board of India's (SEBI) order from August 14, which had prohibited the company's current CEO, Punit Goenka, from holding important directorship positions in listed companies due to allegations of fund diversion. This development clears the path for Goenka to return to his role as the managing director and CEO of Zee.
30 October 2023, 12:10 pm IST
Stock Market LIVE Updates | Market at 12:10 pm, Oil & Gas and Realty gain
Benchmark index Sensex is up 289 points at 64,077 (+0.46%) at 12:10 pm. Meanwhile, NIFTY50 is up 77 points at 19,124 (+0.41%). Amongst sectoral indices, Oil & Gas (+1.6%) and Realty (+0.8%) are amongst top gainers. Meanwhile, BPCL (+3.1%), Reliance Industries (+2.3%), Cipla (+2.0%), Bharti Airtel (+1.7%), Ultratech Cement (+1.5%).
30 October 2023, 12:00 pm IST
Stock Market LIVE Updates | Oberoi Realty gains
Shares of the real estate developer are up around 1%. This comes after the company reported a 43% year-on-year rise in its net profit to ₹456 crore. The robust performance was driven by strong demand for housing.
30 October 2023, 11:45 am IST
Stock Market LIVE Updates | Zydus and Sun Pharma shares gain
Zydus Lifesciences and Sun Pharma have entered into a licensing agreement to jointly market Desidustate. This is used for treatment of chronic kidney disease in India.
30 October 2023, 11:30 am IST
Stock Market LIVE Updates | L&T wins large orders
Larsen & Toubro’s power and transmission business received orders in the range of ₹2,500 crore to ₹5,000 crore. These orders are from domestic and overseas markets.
30 October 2023, 11:15 am IST
Stock Market LIVE Updates | Cello World IPO open for subscription
₹1,900 crore initial public offering (IPO) of Cello World Limited is open for subscription. Cello World mainly deals in three categories such as writing instruments and stationery, molded furniture, consumer housewares and related products. Till 11:15 am, Cello World IPO received an overall subscription of 5%. To know more and apply for this IPO, click here.
30 October 2023, 11:00 am IST
Stock Market LIVE Updates | Ultratech shares gain
Shares of the cement maker are up more than 1%. This comes after the company announced investment worth ₹13,000 crore to increase production capacity. After completion, the total capacity will increase to 182 million tonnes per annum by FY26.
30 October 2023, 10:45 am IST
Stock Market LIVE Updates | Sensex, Nifty trade flat | Oil & Gas index rises over 1%
NIFTY Oil & Gas index rose nearly 1% today supported by over 1% rise in Reliance Industries, BPCL, Oil India. This comes after BPCL reported consolidated net profit of ₹8,243 crore during the September quarter, compared to loss of 338 crore in the same quarter last year. Meanwhile, Reliance Industries’ Q2 net profit rose 29.7% YoY to ₹19,878 crore.
30 October 2023, 10:30 am IST
Stock Market LIVE Updates | Cipla shares rise
Shares of the drug maker rose 2.3% in the early trade. This comes after the management raised its margin guidance to 24% from 23% earlier for FY24. Experts pointed out that Cipla’s domestic portfolio has navigated a tough season. Also, its South Africa business continues to gain scale, said experts.
30 October 2023, 10:10 am IST
Stock Market LIVE Updates | SBI Card sees steep fall of nearly 7%
Shares of the credit card company fell nearly 7% on Monday despite reporting over 14% YoY jump in its quarterly net profit to ₹602 crore. During the September quarter, credit costs for the company remained elevated for the 19th quarter in a row, while Net Interest Margins (NIMs) were at their lowest ever.
30 October 2023, 9:55 am IST
Stock Market LIVE Updates | Key Q2 results today
The earnings season continues to pick pace. On Monday, UPL, Marico, Adani Green and TVS Motor will announce their respective September quarter results.
30 October 2023, 9:40 am IST
Stock Market LIVE Updates | M&M Finance drops over 9%
Shares of M&M Financial Services declined more than 9% in early morning trade after reporting subdued quarterly earnings. Company’s September quarter net profit dropped over 47% YoY to ₹235 crore. During the same period, its revenue from operations grew by 24.1% on-year to ₹ 3,212 crore.
30 October 2023, 9:30 am IST
Stock Market LIVE Updates | Reliance Industries shares gain
Shares of the oil-to-telecom conglomerate are up 1.7% in early trade. On Friday, Reliance Industries’ Q2 net profit rose 29.7% year-on-year to ₹19,878 crore. The revenue also increased 1.2% year-on-year to ₹255,996 crore, supported by the momentum in the consumer business.
30 October 2023, 9:20 am IST
Stock Market LIVE Updates | Sensex, Nifty open flat
Benchmark indices opened flat on Monday, with NIFTY50 trading around 19,029, down 0.09%, while SENSEX at 63,772, down 0.02% at 9:20 am. Reliance Industries (+1.7%), Cipla (+3.0%) and SBI Life (+1.7%) are amongst top gainers. Meanwhile, Dr Reddy (-1.0%) and Bajaj Finserv (-1.0%) traded lower.
30 October 2023, 9:12 am IST
Stock Market LIVE Updates | Brent crude trades lower ahead of key economic data
This morning, Brent Crude oil prices declined by over $1, settling at $88.3 per barrel. The drop in oil prices is attributed to investors closely monitoring the upcoming Federal Reserve monetary policy meeting scheduled for Wednesday. Additionally, China, a significant oil importer, is poised to release its manufacturing data later this week, further influencing market sentiments.
30 October 2023, 9:10 am IST
Stock Market LIVE Updates | Asian Markets in the red
Asian markets continue to witness selling pressure amid adverse global cues. On Monday, Nikkei 225 and Hang Seng indices are trading in the red.
30 October 2023, 9:00 am IST
Stock Market LIVE Updates | All eyes on US Fed rate decision | US markets ended in the red last week
S&P 500 declined 2.5% last week, as US government bond yields rose above 5%. Meanwhile, all eyes will be on the US rate-setting panel’s interest rate decision. Experts believe that the Fed could keep the rates unchanged as inflation woes are easing.
30 October 2023, 8:45 am IST
Stock Market LIVE Updates | Gold trades above $2,000 mark as Middle East conflict escalates
On Monday, spot gold prices surged beyond the $2,000 mark, driven by an intensifying conflict in the Middle East, which heightened the demand for the safe-haven metal among investors. They are now preparing for the upcoming U.S. Federal Reserve policy meeting this week.
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