NIFTY50: 19,731 ▼ 19 (-0.1%)
SENSEX: 66,166 ▼ 115 (-0.1%)
- Benchmark indices closed marginally lower after a range-bound session
- In all, 27 of the NIFTY50 stocks closed in the red
- India’s wholesale price inflation (WPI) fell by 0.26% in September compared to a 0.52% fall in August
Among the NIFTY sectoral indices, Metal (+0.9%) and PSU Bank (+0.7%) were the top gainers, while Pharma (-0.4%) and Realty (-0.3%) were the top losers.
What's Up
| Top gainers | Today's change |
| Hero MotoCorp | 3,160 ▲ 61 (+1.9%) |
| JSW Steel | 790 ▲ 13 (+1.7%) |
| Tata Steel | 127 ▲ 2.0 (+1.6%) |
What's Down
| Top losers | Today's change |
| Divi’s Labs | 3,650 ▼ 85 (-2.2%) |
| Nestle India | 23,129 ▼ 425 (-1.8%) |
| TCS | 3,521 ▼ 49 (-1.4%) |
Market Sentiment
| India VIX | 11.0 ▲ 0.4 (+4.2%) |
| NIFTY MIDCAP 100 | 40,590 ▲ 84 (+0.2%) |
| NIFTY SMALLCAP 100 | 12,941 ▲ 47 (+0.3%) |
| USD-INR | 83.26 ▼ 0.01 (-0.02%) |
Stock Buzz
⭐ HDFC Bank reports robust Q2 growth
On a standalone basis, HDFC Bank’s net interest income grew by 30.3% YoY to ₹27,385 crore during the September quarter. Meanwhile, its net profit stood at ₹15,976 crore, up 50.6% YoY. Gross advances stood at over ₹23 lakh crore, up 57.7% YoY. However, the gross non-performing assets of the private lender increased to 1.34%, rising by 11 basis points from the same period last year.
⭐ DMart slips as net profit declines
Shares of Avenue Supermarts, which operates DMart stores, closed 1.8% lower today after its consolidated net profit declined 9.5% YoY to ₹623 crore for the September quarter. During the same period, the bank’s revenue from operations grew 18.6% YoY to ₹12,624 crore. As per the management, lower sales from high-margin general merchandise and apparel business impacted overall profitability.
⭐ Kalpataru Projects gains on multiple orders
Shares of Kalpataru Projects rose 5% today after the company received orders worth ₹2,217 crore. The company’s transmission & distribution business bagged contracts worth ₹1,993 crore, while its building and factories segment received an order worth ₹224 crore in the domestic market.
⭐ Mphasis announces new acquisition
The IT services provider has acquired a 100% stake in the US-based consulting firm, Silverline for $132.5 million. As per Mphasis management, this acquisition will strengthen the company's end-to-end enterprise cloud solutions and services provider business vertical. Mphasis shares closed 1% lower today.
⭐ BLS International rises on new contract
Shares of the visa service provider rose more than 4% today. This came after the company won a Schengen global visa outsourcing contract for Slovakia. As part of the deal, BLS International will offer tourist, business and national visa services.
In other news
⭐The National Stock Exchange (NSE) expanded its commodity derivatives segment with the launch of 13 new contracts, taking the number of products offered to 28. With this, NSE platform now has futures and options contracts on all key products in the energy, bullion and base metals category.
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