SENSEX up 200 pts in early trade, NIFTY50 tests 24,200; Hindalco up 2.5%, Britannia down 2% post Q2 results 

At 9:21 AM, the S&P BSE SENSEX was trading at 79,668.48 levels, up 172 points, or 0.22%. On the NSE, the NIFTY50 index was trading at 24,188 levels, up 46.70 points, or 0.19%. 

Buzzing Stocks

Shares of Hindalco Industries gained as much as 2.77% to ₹673.35 apiece on the BSE as the company on Monday reported a 78% rise in consolidated net profit to ₹3,909 crore in the September 2024 quarter, fueled by strong operational performance, favourable macros, and prudent cost management.

Britannia Industries was trading over 1.7% lower at ₹5,329.80 on the BSE as the company on Monday reported a decline of 9.36% in consolidated net profit to ₹531.55 crore in Q2 on account of tepid consumer demand due to rising commodity inflation.

Broader Market

The BSE MidCap index was trading at 45,907.55 levels, up 192 points, or 0.42%, while the BSE SmallCap index was trading at 54,587.86, up 301.45 points, or 0.56%. 

Sector Watch

Realty stocks were the top gainers in the early trade, followed by telecom counters. The BSE Realty index was trading at 7,653.16 levels, up 104 points, or 1.38%.