NIFTY50: 19,230 ▲ 97 (+0.5%)
SENSEX: 64,363 ▲ 282 (+0.4%)
- Benchmark indices extended gains for the second straight session
- 36 stocks of the NIFTY50 pack closed in the green
- India’s Services PMI slowed down to 58.4 in October from 61 in September
All of the NIFTY sectoral indices closed in green with Realty (+2.5%) and Media (+1.3%) being the top gainers.
What's Up
| Top gainers | Today's change |
| Apollo Hospitals |
5,148 ▲ 261 (+5.3%) |
| Adani Ports | 795 ▲ 21 (+2.6%) |
| Eicher Motors |
3,426 ▲ 87 (+2.6%) |
What's Down
| Top losers | Today's change |
| Bajaj Finserv |
1,531 ▼ 44 (-2.8%) |
| SBI Life | 1,326 ▼ 17 (-1.3%) |
| Dr Reddy |
5,272 ▼ 66 (-1.25%) |
Market Sentiment
| India VIX | 10.8 ▼ 0.1 (-1.7%) |
| NIFTY MIDCAP 100 | 39,587 ▲ 275 (+0.7%) |
| NIFTY SMALLCAP 100 | 12,965 ▲ 155 (+1.2%) |
| USD-INR |
83.2 ▼ 0.03 (-0.04%) |
Stock Buzz
⭐ Titan posts strong growth in Q2
Titan’s total income grew 21% YoY to ₹10,027 crore in the September quarter. Meanwhile, its net profit rose by 10% to ₹940 crore. Shares of the consumer lifestyle company reacted positively to the upbeat results and closed 2% higher today.
⭐ Adani Ports jumps on cargo volume growth
Adani Ports’ shares closed 2.6% higher today after the company reported 48% growth in cargo volumes in October. The company recorded its highest-ever monthly cargo volume of 37 million metric tonnes (MMT). Out of this, approx 36 MMT was contributed by its Indian ports.
⭐ Zomato zooms after profitable Q2
Zomato’s shares zoomed nearly 10% after the food delivery aggregator reported its second profitable quarter. In the September quarter, the company posted a net profit of ₹36 crore as compared to a loss of ₹251 in Q2FY23. Further, its revenue grew 71% YoY to ₹2,848 crore. Additionally, Zomato’s quick commerce business Blinkit turned contribution positive in Q2FY24 for the first time ever.
⭐ Tata Motors rises on healthy Q2 results
Shares of Tata Motors closed 1.6% higher today after the automaker reported a consolidated net profit of ₹3,783 crore in the September quarter as compared to a loss of ₹1,004 crore in Q2FY23. There was a rise of 32% YoY in the company's revenue, which stood at ₹1.05 lakh crore. The management is confident of a stronger performance in the second half of the FY24 owing to healthy order books and demand.
⭐ Raymond forays into aerospace, defence and EV parts business
Shares of Raymond Limited were up 2.7% after the textile-to-realty conglomerate marked its entry into the sunrise sectors of aerospace, defence and EV components. The company has acquired 59.25% stake in Maini Precision Products Limited (MPPL) for ₹682 crore. As per the company, it will remain net cash positive after the acquisition.
IPO Corner
⭐On the first day, the IPO of ESAF Small Finance Bank was fully subscribed, with a total subscription of 1.74 times. The price band of its issue is between ₹57 to ₹60 per share with a lot size of 250 shares. To apply for this IPO, click here.
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