NIFTY50: 19,512 ▼ 141 (-0.7%)
SENSEX: 65,512 ▼ 483 (-0.7%)
- Benchmark indices plunged as the Israel-Hamas war hurt investor sentiments
- In all, 43 of the NIFTY50 stocks closed in the red
- MCX gold futures climbed over 1% today to a high of ₹57,561 per 10 gram as investors flocks to the safe-haven asset geopolitical tensions
All of the NIFTY sectoral indices ended lower, with PSU Bank (-3.0%) and Media (-2.1%) being the top losers
What's Up
| Top gainers | Today's change |
| Dr Reddy | 5,486 ▲ 61 (+1.1%) |
| HCL Tech | 1,249 ▲ 11 (+0.9%) |
| Tata Consumer | 879 ▲ 4.9 (+0.5%) |
What's Down
| Top losers | Today's change |
| Adani Ports | 788 ▼ 42 (-5.0%) |
| HDFC Life | 614 ▼ 16 (-2.6%) |
| Hero MotoCorp | 2,962 ▼ 76 (-2.5%) |
Market Sentiment
| India VIX | 11.4 ▲ 1.1 (+10.6%) |
| NIFTY MIDCAP 100 | 39,744 ▼ 540 (-1.3%) |
| NIFTY SMALLCAP 100 | 12,609 ▼ 228 (-1.7%) |
| USD-INR | 83.30 ▲ 0.18 (+0.2%) |
Stock Buzz
⭐ Israel-Hamas war impacts domestic markets
The Israel-Hamas war repercussions were felt in the Indian markets today. Shares of Adani Ports closed 5% lower as the conflict could impact operations at the company’s Haifa Port in Israel. Meanwhile, shares of oil marketing companies, including HPCL, BPCL and IOC declined over 2% each, as Brent crude oil prices rose nearly 4% amid fears of supply disruption from the Middle East.
⭐ Kaynes Technology to set up semiconductor facility
Kaynes Technology shares rose 3.3% after the company announced plans to invest ₹2,800 crore to set up a semiconductor manufacturing facility. This new proposed facility will come up in Telangana, adjacent to the existing electronic manufacturing hub. So far in 2023, the company's shares are up over 250%.
⭐ Prestige Estate rises on strong sales
In the first half of FY24, the real estate developer reported sales worth ₹11,007 crore, up 69% YoY. Meanwhile, its collections rose 13% YoY to ₹5,380 crore. The company sold 5,935 units during the same period and launched new projects totaling 16.2 million sq ft. Following the announcement, the company's stock hit a new 52-week high intraday, before losing some gains.
⭐ Jupiter Hospitals reports subdued earnings
Shares of the hospital operator slumped over 7% after the company reported subdued earnings for the June quarter. The company’s net profit declined by 18% YoY to ₹30.4 crore. Meanwhile, its revenue from operations grew by 16% YoY to ₹207.8 crore. Jupiter LifeLine Hospitals shares made its market debut in September 2023.
⭐ Solar Industries scales new high
Shares of the industrial explosive maker hit a new 52-week high today. This rise comes after the company received its biggest-ever order worth ₹1,853 crore from Coal India to supply bulk explosives. This new order will be delivered over a two-year period.
In other news
⭐ Glenmark Life Sciences has declared an interim dividend of ₹22.5 per share. The record date is 17 October 2023.
⭐ TVS Motor rolled out the 1,50,000th unit of BMW Motorrad’s 310cc series of motorcycles. The company’s stock closed 1% higher today.
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