Stock Market Highlights: Breakdown below 24,400 may open doors for 24k in Nifty. How to trade tomorrow
Synopsis
A long bear candle has been formed on the daily chart, which indicates an attempt at a decisive downside breakout of 24,600-24,500 levels. After the formation of a series of higher tops and bottoms on the daily chart in the last few months, Nifty is currently weakening after forming a new lower top around 25230 levels. This is a negative indication and signals ongoing downward correction.
Another crucial weekly cluster support around 24,500 (ascending trend line, 23.6% retracement and weekly 20 period EMA) is placed on the verge of a downside breakout.
The short-term trend of Nifty continues to be negative. A decisive move below 24,500-25,450 levels is likely to open the next downside target of 24,000. Any rise up to the immediate resistance of 24,700 could be a selling opportunity, said Nagaraj Shetti of HDFC Securities.
In the open interest (OI) data, the highest OI on the call side was observed at 24,600 and 24,500 strike prices, while on the put side, the highest OI was at 24,400 strike price followed by 24,300.
The short-term trend of Nifty continues to be negative. A decisive move below 24,500-25,450 levels is likely to open the next downside target of 24,000. Any rise up to the immediate resistance of 24,700 could be a selling opportunity, said Nagaraj Shetti of HDFC Securities.
In the open interest (OI) data, the highest OI on the call side was observed at 24,600 and 24,500 strike prices, while on the put side, the highest OI was at 24,400 strike price followed by 24,300.
1 New Update
07:46:44 PM IST, 22 Oct 2024
India's Shoppers Stop posts consecutive quarterly loss on sluggish demand
India's Shoppers Stop reported a loss for a second straight quarter on Tuesday, as high inflation led customers to cut back on discretionary spending.
The department store chain saw subdued demand during the second quarter due to fewer wedding dates, extended rains and overall weak discretionary spending, its CEO Kavindra Mishra said.
The company posted a consolidated net loss of 205.9 million rupees for the quarter ended Sept. 30, compared with a profit of 27.3 million rupees a year earlier.
The department store chain saw subdued demand during the second quarter due to fewer wedding dates, extended rains and overall weak discretionary spending, its CEO Kavindra Mishra said.
The company posted a consolidated net loss of 205.9 million rupees for the quarter ended Sept. 30, compared with a profit of 27.3 million rupees a year earlier.
07:37:45 PM IST, 22 Oct 2024
Sebi issues framework on associations between mkt intermediaries, unauthorised financial advisors
Markets regulator Sebi on Tuesday came out with a framework on associations between market intermediaries and unauthorised financial advisors, especially with regard to specified digital platforms.
This came after Sebi in August amended rules aimed at regulating associations between intermediaries, like stock exchanges, clearing corporations and depositories, and entities providing financial advice or making performance claims.
The rule restrains intermediaries, their agents, or associated persons from having direct or indirect ties with any entity that provides investment advice or recommendations without being registered or permitted by Sebi or makes performance or return-related claims unless specifically authorised by the regulator to do so.
This came after Sebi in August amended rules aimed at regulating associations between intermediaries, like stock exchanges, clearing corporations and depositories, and entities providing financial advice or making performance claims.
The rule restrains intermediaries, their agents, or associated persons from having direct or indirect ties with any entity that provides investment advice or recommendations without being registered or permitted by Sebi or makes performance or return-related claims unless specifically authorised by the regulator to do so.
07:19:46 PM IST, 22 Oct 2024
ICICI Prudential Life Insurance Q2 Results: Profit rises marginally to Rs 252 crore
ICICI Prudential Life Insurance Company on Tuesday reported a marginal rise of 3 per cent in its net profit to Rs 252 crore in the September quarter. The company's net profit stood at Rs 244 crore in the same quarter a year ago.
Total income rose to Rs 25,229 crore from Rs 17,436 crore in the year-ago period, ICICI Prudential Life Insurance said in a regulatory filing.
The net premium earned by the private sector insurer during July-September grew to Rs 10,754 crore against Rs 10,022 crore in FY24, it said.
Total income rose to Rs 25,229 crore from Rs 17,436 crore in the year-ago period, ICICI Prudential Life Insurance said in a regulatory filing.
The net premium earned by the private sector insurer during July-September grew to Rs 10,754 crore against Rs 10,022 crore in FY24, it said.
07:11:18 PM IST, 22 Oct 2024
US stocks open lower as yields rise, investors assess earnings
U.S. stock indexes opened lower on Tuesday, as rising Treasury yields pressured rate-sensitive shares, while investors parsed the latest set of company results to gauge the health of major corporations.
The Dow Jones Industrial Average fell 54.8 points, or 0.13%, at the open to 42,876.84. The S&P 500 fell 21.3 points, or 0.36%, at the open to 5,832.7?, while the Nasdaq Composite dropped 88.1 points, or 0.48%, to 18,451.861 at the opening bell.
The Dow Jones Industrial Average fell 54.8 points, or 0.13%, at the open to 42,876.84. The S&P 500 fell 21.3 points, or 0.36%, at the open to 5,832.7?, while the Nasdaq Composite dropped 88.1 points, or 0.48%, to 18,451.861 at the opening bell.
06:39:07 PM IST, 22 Oct 2024
ICICI Prudential Life Insurance Q2 Results: PAT reported at Rs 2,52 crore
ICICI Prudential Life Insurance Q2 Results:
PAT reported at Rs 2,52 crore
Net premium income at Rs 10,754 crore
ICICI Prudential Life Insurance - H1 FY25 Results - VNB margin at 23.7%
PAT reported at Rs 2,52 crore
Net premium income at Rs 10,754 crore
ICICI Prudential Life Insurance - H1 FY25 Results - VNB margin at 23.7%
06:21:04 PM IST, 22 Oct 2024
Sebi tightens insider trading regulations for mutual funds
Market regulator Sebi has strengthened the regulatory framework in relation to prohibition of insider trading in units of mutual funds. According to the new regulations, AMCs shall disclose the details of the holdings of Designated Persons of AMCs, trustees and their immediate relatives on an aggregate basis from November 1, 2024 on quarterly basis.
05:40:23 PM IST, 22 Oct 2024
Bajaj Finance: Cons PAT jumps 13% YoY to Rs 4,000 crore, below estimates
Bajaj Finance on Tuesday reported a 13% jump in its September quarter net profit at Rs 4,000 crore versus Rs 3,551 crore reported by the company in the year ago period. It was below ET Now poll of Rs 4,070 crore.
05:39:39 PM IST, 22 Oct 2024
Waaree Energies IPO subscribed nearly 9 times on Day 2, GMP at 98%. Check details
The initial public offering (IPO) of Waaree Energies, which opened for subscription on Monday, has been subscribed 8.8 times on the second day of the bidding process, with an impressive grey market premium (GMP) of 98.4%.
The strongest demand was driven by the non-institutional investors (NIIs), who subscribed to the issue 24.36 times, followed by the retail individual investors, who had subscribed the issue by 6.38 times. The quota reserved for the qualified institutional buyers had attracted 1.73 times bids for the shares reserved for them.
The strongest demand was driven by the non-institutional investors (NIIs), who subscribed to the issue 24.36 times, followed by the retail individual investors, who had subscribed the issue by 6.38 times. The quota reserved for the qualified institutional buyers had attracted 1.73 times bids for the shares reserved for them.
05:18:23 PM IST, 22 Oct 2024
Adani Green Q2 Results: Cons PAT jumps 39% YoY to Rs 515 crore, revenue rises 30%
Adani Green Energy on Tuesday reported a 39% jump in its consolidated net profit for the quarter ended September 2024 to Rs 515 crore as against Rs 371 crore posted in the year-ago period.
The revenue from operations for the reported quarter stood at Rs 3,376 crore, up 30% over Rs 2,589 crore posted by the company in the corresponding quarter of the previous financial year.
The revenue from operations for the reported quarter stood at Rs 3,376 crore, up 30% over Rs 2,589 crore posted by the company in the corresponding quarter of the previous financial year.
04:51:34 PM IST, 22 Oct 2024
Tech view: Nifty appears to attempt a decisive downside break out. How to trade tomorrow
A long bear candle has been formed on the daily chart, which indicates an attempt at a decisive downside breakout of 24,600-24,500 levels. After the formation of a series of higher tops and bottoms on the daily chart in the last few months, Nifty is currently weakening after forming a new lower top around 25230 levels. This is a negative indication and signals ongoing downward correction.
Another crucial weekly cluster support around 24,500 (ascending trend line, 23.6% retracement and weekly 20 period EMA) is placed on the verge of a downside breakout.
The short-term trend of Nifty continues to be negative. A decisive move below 24,500-25,450 levels is likely to open the next downside target of 24,000. Any rise up to the immediate resistance of 24,700 could be a selling opportunity, said Nagaraj Shetti of HDFC Securities.
In the open interest (OI) data, the highest OI on the call side was observed at 24,600 and 24,500 strike prices, while on the put side, the highest OI was at 24,400 strike price followed by 24,300.
Another crucial weekly cluster support around 24,500 (ascending trend line, 23.6% retracement and weekly 20 period EMA) is placed on the verge of a downside breakout.
The short-term trend of Nifty continues to be negative. A decisive move below 24,500-25,450 levels is likely to open the next downside target of 24,000. Any rise up to the immediate resistance of 24,700 could be a selling opportunity, said Nagaraj Shetti of HDFC Securities.
In the open interest (OI) data, the highest OI on the call side was observed at 24,600 and 24,500 strike prices, while on the put side, the highest OI was at 24,400 strike price followed by 24,300.
04:43:21 PM IST, 22 Oct 2024
SBI General Insurance half yearly profit soars 7 times to Rs 414 crore, GWP up by 16% YoY
SBI General Insurance has reported a 591% growth in profit after tax at Rs 414 crore for the first half of the current financial year against Rs 60 crore in the corresponding quarter of the previous financial year.
The overall business also showed strong growth with the company's gross written premium (GWP) growing at 16.1% against the industry growth at 7%.
The overall business also showed strong growth with the company's gross written premium (GWP) growing at 16.1% against the industry growth at 7%.
04:39:11 PM IST, 22 Oct 2024
Persistent Systems Q2 results: PAT jumps 23% YoY, revenue up by 20%
IT company Persistent Sytems today announced its second quarter earnings, reporting a 23.4% jump in its profit after tax (PAT) at Rs 325 crore on a year-on-year (YoY) basis, while its revenue increased by 20% YoY.
The company¡¯s revenue for the second quarter ended September 2024 stands at Rs 2,897.15 crore.
The company¡¯s revenue for the second quarter ended September 2024 stands at Rs 2,897.15 crore.
04:09:13 PM IST, 22 Oct 2024
Hyundai shares close 7.1% down from issue price in India
03:40:56 PM IST, 22 Oct 2024
Zomato Q2 Results: PAT skyrockets 389% YoY to Rs 176 crore; revenue zooms 68%
03:40:04 PM IST, 22 Oct 2024
Sector View: Realty, metal stocks bleed
03:38:34 PM IST, 22 Oct 2024
Rupee slips to all-time low on weak Asia FX, likely equity outflows
03:37:18 PM IST, 22 Oct 2024
Market Statistics | 194 stocks end in upper circuit
03:36:21 PM IST, 22 Oct 2024
Sensex Heatmap: 27 of 30 Sensex stocks end in the red
03:35:33 PM IST, 22 Oct 2024
Nifty Top gainers and losers in today's session
03:34:31 PM IST, 22 Oct 2024
Sensex slumps 931 pts, Nifty settles below 24,500; mid & smallcap indices down over 2%
03:32:51 PM IST, 22 Oct 2024
Zomato Q2 Results: PAT: Rs 176 cr vs Street estimates of Rs 260 cr
03:22:34 PM IST, 22 Oct 2024
Sensex Today | Mazagon Dock approves stock split in ratio of 2:1
03:20:55 PM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates | Nifty realty trading with cuts
03:16:02 PM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates: Market capitalisation of all BSE- listed cos declines by Rs 8.47 lakh crore to Rs 445.18 lakh crore
03:12:34 PM IST, 22 Oct 2024
Adani Energy Q2 Results: PAT soars 145% YoY to Rs 675 crore, revenue jumps 68%
03:10:29 PM IST, 22 Oct 2024
Stock Market LIVE Updates | RIL, HDFC Bank drag Sensex 900 pts lower
03:09:36 PM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates | Nifty PSU Banks under pressure
03:09:03 PM IST, 22 Oct 2024
Market LIVE Updates | Nifty slips below 24,500; Adani Ent, BEL among top losers
03:06:03 PM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates | Sensex drops over 900 points
03:03:38 PM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates | Sensex drops over 850 points
03:10:06 PM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates | Adani Energy Solutions Q2
- Revenue: Rs 6,184 cr vs Rs 3,674 cr, up 68% YoY
- PAT: Rs 675 cr vs Rs 276 cr YoY
02:58:23 PM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates | Sensex falls over 700 pts
02:50:16 PM IST, 22 Oct 2024
Stock Market LIVE Updates: IPO Alert | Waaree Energies: Subscription numbers till 2:00 pm on Day 2
02:46:02 PM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates: Market capitalisation of all listed companies on BSE declines by Rs 6.76 lakh crore to Rs 446.89 lakh crore
02:42:00 PM IST, 22 Oct 2024
Sensex Today | Aditya Birla Real Estate Q2 Results: Firm posts profit of Rs 3 cr; revenue jumps 30% YoY
02:38:44 PM IST, 22 Oct 2024
Sensex Today | Power index outperforms since last Diwali: 13 stocks turned into multibaggers
02:35:17 PM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates: All sectoral indices in red
02:33:41 PM IST, 22 Oct 2024
Sensex Today | PNB, Bandhan Bank among 5 stocks with long unwinding
On Tuesday, five stocks experienced long unwinding, indicating selling of positions to book profits or exit amid anticipated bearishness.
02:28:50 PM IST, 22 Oct 2024
Sensex Today | ICICI Securities Q2 results: Cons PAT increases 25% YoY, revenue up 36%
ICICI Securities reported a net profit of Rs 157.4 crore, down 58.5% YoY, while revenue rose 36% to Rs 1,706.65 crore, with expenses increasing significantly to Rs 995.94 crore.
02:30:55 PM IST, 22 Oct 2024
Stock Market LIVE Updates: Major Nifty Midcap losers in afternoon trade
02:23:12 PM IST, 22 Oct 2024
Stock Market LIVE Updates | Supreme Industries Q2 Results: Co reports consolidated PAT of Rs 2.07 billion
- Consolidated revenue from operations at Rs 22.73 billion
- Co declares dividend of Rs 10 per share
02:23:58 PM IST, 22 Oct 2024
Sensex Today | Goodyear India Q2 Results: Net profit drops 58.5% YoY to Rs 15.74 crore on higher raw material costs, weak demand
02:13:15 PM IST, 22 Oct 2024
Stock Market LIVE Updates | Cryptocurrency prices on today: Bitcoin falls over 2%; Shiba Inu drop up to 4%
Major cryptocurrencies declined on Tuesday as investors took profits, with Bitcoin down 2% at $67,731 and Ethereum falling 3.2% to $2,654, contributing to a 2% drop in global market cap.
02:05:15 PM IST, 22 Oct 2024
Sensex Today | F&O cannot be a national pastime, says Sebi Whole-Time Member Ashwani Bhatia
- Sebi's Ashwani Bhatia emphasized the need for serious investing, as India leads globally in F&O volumes.
- A recent study revealed that 93% of individual F&O traders lost money from FY22¨CFY24, prompting regulatory curbs amid investor protests.
02:00:34 PM IST, 22 Oct 2024
Sensex Today | Hyundai IPO shows retail investors growing wiser as past mistakes haunt them
Hyundai India's IPO debuted at a discount, with retail subscriptions at just 50%. Investors avoided early losses, reflecting lessons learned from past high-profile IPOs.
02:01:49 PM IST, 22 Oct 2024
Stock Market LIVE Updates | Power Grid board approves raising up to Rs 5,000 cr via bonds
01:51:21 PM IST, 22 Oct 2024
Sensex Today | Smallcap multibagger stock’s record date for Rs 2 dividend tomorrow
Tips Music has declared a Rs 2 interim dividend, with October 24 as the record date. The stock has surged 107.6% in the past year, currently trading at Rs 742.
01:41:08 PM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates: Nifty small and midcaps trade over 1% lower
01:38:02 PM IST, 22 Oct 2024
Sensex Today | Deepak Builders IPO subscribed by 7.5 times so far on Day 2. Check details
Deepak Builders & Engineers' IPO has been 7.5 times subscribed on its second day, driven mainly by retail investors at 10.7 times and non-institutional investors at 8.9 times.
01:34:27 PM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates: Nifty PSU Bank hits 8-month low intraday; down 3.5%
01:33:32 PM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates | Shriram Finance to sell multiple tenor bonds
Shriram Finance aims to raise Rs 2,000 crore via three-year bonds and a reissue of January 2029 bonds, with bids invited from investors on Wednesday.
01:29:49 PM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates: Sensex down over 600 pts!
01:25:40 PM IST, 22 Oct 2024
Sensex Today | UltraTech Cement, LTIMindtree among 4 stocks with short covering
01:23:03 PM IST, 22 Oct 2024
Stock Market LIVE Updates | European shares edge lower; SAP boosts tech stock
European stocks remained flat on Tuesday, with the STOXX 600 index down 0.02%, as investors weighed strong tech outlooks against geopolitical uncertainties and the upcoming U.S. Presidential elections.
01:18:55 PM IST, 22 Oct 2024
Sensex Today | Jana Small Finance Bank shares down 11% after Q2 net profit drops 21% YoY
Jana Small Finance Bank shares fell nearly 11% after reporting a 21.3% YoY drop in net profit, attributed to rising delinquencies and increased credit provisions amid growing assets and deposits.
01:07:18 PM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates: Nifty breaches 24,600 mark
01:05:53 PM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates: Sensex falls over 500 points
01:03:03 PM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates: Sensex falls over 450 points to trade near day's low
01:01:29 PM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates: Nifty Realty top sectoral loser
12:47:04 PM IST, 22 Oct 2024
Stock Market LIVE Updates | Stock in focus: BHEL hits 4-month low intraday
- Declines for 5th consecutive session
- Trades below key DMA levels
12:34:12 PM IST, 22 Oct 2024
Stock Market LIVE Update | SEBI tightens trading margins; measures taken to make F&O much expensive
12:32:22 PM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates: Nifty FMCG & Nifty IT gain off day's low to turn green
12:26:24 PM IST, 22 Oct 2024
Sensex Today | Brokerage Take: Bernstein on UltraTech Cement
Bernstein has maintained a market-perform rating on Ultratech with a target price of Rs 10,508.
EPS in Q2 FY25 was the same as in Q2 FY23, while the stock price has nearly doubled since then. On the volume front, weak demand was observed, though management remains positive on the outlook. Costs continue to be optimized but may be nearing a floor. Bernstein stated that it retains its market-perform rating on the stock due to the upcoming supply and rich valuations.
EPS in Q2 FY25 was the same as in Q2 FY23, while the stock price has nearly doubled since then. On the volume front, weak demand was observed, though management remains positive on the outlook. Costs continue to be optimized but may be nearing a floor. Bernstein stated that it retains its market-perform rating on the stock due to the upcoming supply and rich valuations.
12:21:49 PM IST, 22 Oct 2024
Sensex Today | Targeting a retail-wholesale loan book mix of 55% and 45% this year: Union Bank CEO
- Capex growth has not picked up as expected.
- We have a sanctioned corporate loan book pipeline of 390 billion rupees.
- The unsecured book is not a concern for us.
- We have not seen many big corporate loan projects coming up where we would be looking to invest.
- The pricing war for corporate loans continues, especially for state-run companies and certain NBFCs.
12:13:02 PM IST, 22 Oct 2024
Sensex Today | Hyundai D-Street Debut: Should you ride along or try to sell on listing? Ajay Bagga answers
Ajay Bagga, Market Expert, says the passenger vehicles segment is sluggish and overall, the autos are not priced at any discount. A very high premium is being given to Indian auto companies overall. So, it is not a time to buy. Frankly, with an IPO, he prefers to wait and watch because of the kind of listing gain froth that comes in on the SME and the other segments.
12:09:40 PM IST, 22 Oct 2024
Sensex Today | Info Edge (India) to invest Rs 30 cr in unit Redstart Labs; stock down 2%
12:07:08 PM IST, 22 Oct 2024
Stock Market LIVE Updates | Global Markets Check
- S&P 500 futures fell 0.2% as of 6:28 a.m. London time
- Nasdaq 100 futures fell 0.3%
- Futures on the Dow Jones Industrial Average fell 0.2%
- The MSCI Asia Pacific Index fell 0.9%
- The MSCI Emerging Markets Index fell 0.4%
12:00:19 PM IST, 22 Oct 2024
Stock Market LIVE Updates | Japan's Nikkei ends lower amid election jitters
Japan's Nikkei share average closed lower on Tuesday amid concerns the ruling party may lose its lower house majority in the coming election, while Wall Street's weak finish overnight also weighed on market sentiment.
The Nikkei fell 1.39% to 38,411.96, while the broader Topix slid 1.06% to 2,651.47.
The Nikkei fell 1.39% to 38,411.96, while the broader Topix slid 1.06% to 2,651.47.
11:59:14 AM IST, 22 Oct 2024
Varun Beverages Q2 Results: PAT up 23.7% YoY, revenue rises 25.3%
11:53:19 AM IST, 22 Oct 2024
Sensex Today | Nifty PSU Bank index falls 2%; Central Bank of India, Bank of Maharashtra among top drags
11:46:49 AM IST, 22 Oct 2024
Stock Market LIVE Updates | Sensex falls 400 pts
11:43:45 AM IST, 22 Oct 2024
Stock Market LIVE Updates | Brainbees Solutions shares down 3% after co makes further investments of Rs 4.5 cr in Dynamic IT Solution
11:34:36 AM IST, 22 Oct 2024
Stock Market LIVE Updates | Mukka Proteins shares fall 4% after co approves issuance of shares worth Rs 98 cr
11:32:11 AM IST, 22 Oct 2024
Stock Market LIVE Updates | 2 Tata Group stocks among top Nifty losers at this hour
11:24:55 AM IST, 22 Oct 2024
Waaree Energies IPO subscribed over 4 times so far on Day 2, GMP at 98%. Check details
The initial public offering (IPO), which opened for subscription on Monday, has been subscribed by 4.2 times on the second day of the bidding process so far with an impressive grey market premium (GMP) of 98.4%.
11:21:37 AM IST, 22 Oct 2024
Market LIVE Updates | Sensex trades 160 pts lower at 80,965; Nifty down 67 pts, tests 24,700
11:16:36 AM IST, 22 Oct 2024
Sensex Today | Spectrum Foods shares surge 7% after co signed a Letter of Intent (LOI) with Intercontinental Hotels Group, IHG
11:11:04 AM IST, 22 Oct 2024
Biggest fear of Nifty bulls coming true as Q2 results leading to downgrades, target price cuts
If share prices are closely tied to corporate earnings, Nifty bulls who have been quick to buy the dips might face some bad news. As many feared, the September quarter earnings season for India Inc. is resulting in downgrades to earnings estimates and cuts to target prices.
11:08:38 AM IST, 22 Oct 2024
Stock Market LIVE Updates | Sona BLW Precision shares rise 3% on new plant launch in Manesar, Haryana
11:03:33 AM IST, 22 Oct 2024
Sensex Today | Jana SFB shares tank 9% after reporting a drop in net profit and a sequential deterioration in asset quality in Q2
10:58:48 AM IST, 22 Oct 2024
Market LIVE Updates | Paytm Q2 Results: Fintech swings to black with Rs 928 crore profit vs YoY loss
Fintech company One 97 Communications, which runs the payments platform Paytm, posted a consolidated profit after tax (PAT) of ?928.3 crore for the quarter ending September 2024. This marks a significant turnaround from a loss of ?290.5 crore in the same quarter of the previous fiscal year, largely attributed to a one-time gain.
10:57:23 AM IST, 22 Oct 2024
Market LIVE Updates | Paytm Q2 Results: Financial highlights
- Operating revenue of Rs 1,660 cr, up 11% QoQ
- Contribution margin of 54%, up 356bps QoQ; contribution profit of Rs 894 cr, up 18% QoQ
- EBITDA before ESOP of Rs (186) cr, an improvement of Rs 359 cr QoQ
- EBITDA of Rs (404) cr, an improvement of Rs 388 cr QoQ
- Profit after Tax (PAT) of Rs 930 cr, including exceptional gain of Rs 1,345 cr on account of sale of entertainment ticketing business
- Cash balance of Rs 9,999 Cr
10:52:05 AM IST, 22 Oct 2024
Stock Market LIVE Updates | Paytm shares fall 5% as co announces Q2 results
10:50:35 AM IST, 22 Oct 2024
Stock Market LIVE Updates | Paytm Q2 Results
- Cons PAT at Rs 928 cr vs loss of Rs 290 crore (YoY)
- Cons revenue at Rs 1,660 crore
- Exceptional gain of Rs 1,345 crore
10:45:21 AM IST, 22 Oct 2024
Stock Market LIVE Updates | RVNL shares establishes new subsidiary in Saudi Arabia; stock down 4%
10:40:18 AM IST, 22 Oct 2024
Stock Market LIVE Updates | Nifty Auto down nearly 2%; Maruti Suzuki, Tata Motors among top laggards
10:33:29 AM IST, 22 Oct 2024
Stock Market LIVE Updates | Sensex down 400 pts: L&T, RIL among top drags
10:25:57 AM IST, 22 Oct 2024
Stock Market LIVE Updates | PNC Infratech, HEG among top losers at this hour
10:17:28 AM IST, 22 Oct 2024
Stock Market LIVE Updates | Hyundai Motor India shares extend fall, down 4%
10:16:41 AM IST, 22 Oct 2024
Stock Market LIVE Updates | Sensex erases over 300 pt gain, trades in red
10:10:34 AM IST, 22 Oct 2024
Stock Market LIVE Updates | Remsons Industries acquire majority stake in BEE Lighting Ltd.
10:06:55 AM IST, 22 Oct 2024
Stock Market LIVE Updates | Mazagon Dock shares fall over 5% ahead of board meeting to consider dividend, stock split
10:05:02 AM IST, 22 Oct 2024
Market Update | Sensex jumps 300 pts, Nifty above 24,850
10:02:20 AM IST, 22 Oct 2024
Sensex Today | Mahindra Logistics shares drop over 2% after freight operator's second-quarter losses widened on higher expenses.
10:00:35 AM IST, 22 Oct 2024
China's yuan edges down as 'Trump trade' supports dollar
China's yuan dipped slightly on Tuesday as the dollar was underpinned by rising odds of former President Donald Trump winning next month's U.S. election and on expectations the Federal Reserve will resist aggressive monetary easing. The dollar clung to a 2-1/2-month high in early Asia trade on surging treasury yields
09:52:24 AM IST, 22 Oct 2024
Sensex Today | Hyundai India stock debuts with 1.5% discount over issue price
Hyundai India's shares debuted on the exchanges on Tuesday at a 1.5% discount. The stock was listed at Rs 1,931 on the BSE, compared to the issue price of Rs 1,960. On the NSE, it listed at Rs 1,934.
09:50:45 AM IST, 22 Oct 2024
Gold hovers near record high on safe-haven demand
Gold prices rose on Tuesday and hovered near a record high hit in the previous session amid uncertainties around the U.S. election, ongoing Middle East tensions, and expectations of central banks' interest rate cuts.
Spot gold rose 0.4% to $2,729.91 per ounce by 0303 GMT. U.S. gold futures rose 0.2% to $2,744.40.
Spot gold rose 0.4% to $2,729.91 per ounce by 0303 GMT. U.S. gold futures rose 0.2% to $2,744.40.
09:48:30 AM IST, 22 Oct 2024
Stock Market LIVE Updates | City Union Bank gains 12% after posting rise in quarterly profit.
09:47:27 AM IST, 22 Oct 2024
Sensex Today | Ambuja Cements acquires 37.90% of Orient Cement: Key details
- Acquires 37.90% of Orient Cement for Rs 395.40 per share.
- Acquires 8.90% of Orient Cement for Rs 395.40 per share.
- Adani acquires Orient Cement at Rs 8,100 cr equity value.
- Acquisition of 37.90% stake of Orient Cement.
- Acquisition will be fully funded through internal accruals.
- Deal for Rs 395.40 per share.
09:43:48 AM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates | Paytm shares tumble 2% ahead of Q2 results today
09:41:36 AM IST, 22 Oct 2024
Sensex Today | Ola Electric Mobility share rise 3% after co says out of 10,644 complaints received from CCPA, 99.1% complaints were resolved
09:40:10 AM IST, 22 Oct 2024
Sensex Today | Earnings Today: Bajaj Finance, Adani Green, Zomato, Paytm, Adani Energy Solutions, Varun Bev, ICICI Pru Life
09:35:41 AM IST, 22 Oct 2024
Stock Market LIVE Updates | Bajaj Housing Finance shares rise post Q2 show
Bajaj Housing Finance on Monday reported a 21 per cent growth in net profit to Rs 546 crore in the September quarter. The housing finance company had recorded a net profit of Rs 451 crore in the same quarter a year ago.
09:31:20 AM IST, 22 Oct 2024
Sensex Today | Ambuja Cements, Orient Cement rise marginally as Adani Group to acquire Orient
09:25:49 AM IST, 22 Oct 2024
Forex News | Rupee flat in early trade
Rupee turns flat at 84.07 against US dollar.
09:25:06 AM IST, 22 Oct 2024
Sensex Today | JM Financial, NHPC, City Union Bank among top movers in morning trade
09:24:04 AM IST, 22 Oct 2024
Opening Bell: Sensex jumps 200 pts, Nifty tops 24,800; Bajaj Housing rises 3%, CG Power 5%
09:23:26 AM IST, 22 Oct 2024
Opening Bell: Sensex jumps 200 pts, Nifty tops 24,800; Bajaj Housing rises 3%, CG Power 5%
09:15:17 AM IST, 22 Oct 2024
Sensex Today | Ambuja Cement to acquire orient cement promoter holding at Rs 395.4/share (12% premium)
- To launch open offer to acquire 26%
- To acquire 37.9% from promoters at Rs 395.4/share
09:13:52 AM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates: Bajaj Finance shares in focus ahead of Q2FY25 earnings. Here's what to expect
Bajaj Finance shares are expected to be in focus on Tuesday as the company is set to announce its Q2FY25 earnings later today. The company is projected to report net interest income between Rs 8,810 crore and Rs 9,187 crore for the quarter ending September 30, 2024, representing an increase of up to 28% compared to the same quarter of the previous financial year.
09:11:58 AM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates: Sensex flat, Nifty near 24,800 in pre-open session
09:05:58 AM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates: Stable trend in financials crucial for Godavari Biorefineries
Godavari Biorefineries, a producer of sugarcane-based products including sugar, ethanol, and bio-based chemicals, aims to raise Rs 325 crore through a fresh equity issue, primarily to repay debt, and up to Rs 230 crore via an offer for sale. Following the IPO, the promoter group's stake will decrease from 81% to just over 63%.
08:58:57 AM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates: Red October: FPI stock selloff at Rs 81,000 crore, highest in a month
Foreign investors have been rapidly exiting the Indian equity market, pulling out ?81,000 crore so far in October¡ªthe highest outflow in a single month. Concerns over high market valuations, slowing earnings growth, and renewed interest in Chinese stocks have heightened the risk-off sentiment among overseas fund managers, leading them to reduce exposure to one of the world's priciest markets.
08:54:04 AM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates: Bajaj Housing Finance shares in focus on 21% YoY jump in Q2 net profit
Bajaj Housing Finance shares are expected to be in focus on Tuesday after the Bajaj Finance-promoted company reported a 21% rise in net profit for the quarter ended September 2024, reaching Rs 546 crore, compared to Rs 451 crore in the same period last year.
08:44:37 AM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates: Hyundai India shares to list today. Will it light up D-Street?
Hyundai India shares are set to debut on the stock exchanges later today, following the conclusion of its highly successful IPO, the largest in India's history. Based on the current grey market premium (GMP), the shares are expected to list with moderate gains of 3-5% above the issue price.
08:42:46 AM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates: Zomato shares in focus ahead of Q2FY25 earnings. Here's what to expect
Zomato shares are likely to be in the spotlight on Tuesday as the market reopens, with the food delivery company set to announce its Q2FY25 earnings later today.
08:29:51 AM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates: Adani Energy Solutions shares in focus ahead of Q2 results today
Adani Energy Solutions shares will be in focus during today's trading session as the company is set to release its second-quarter results for the period ending September 2024.
Although no specific estimates are available for the results, the company recently reported maintaining a strong system availability of 99.7% in its transmission business.
Although no specific estimates are available for the results, the company recently reported maintaining a strong system availability of 99.7% in its transmission business.
08:26:50 AM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates: Paytm shares in focus ahead of Q2 results today
Shares of One97 Communications will be in the spotlight during Tuesday's trading as the company is set to announce its quarterly results for the period ending September.
Analysts anticipate strong revenue growth for the digital payments giant in the second quarter, though losses may increase.
Analysts anticipate strong revenue growth for the digital payments giant in the second quarter, though losses may increase.
08:20:31 AM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates: Adani Green shares in focus ahead of Q2 results today
Adani Green shares will be in focus during today's trading session as the company is set to release its second-quarter results for the period ending September 2024.
Although there are no specific estimates for the quarterly results, the company revealed in its pre-earnings update that operational capacity grew 34% year-on-year to 11,184 MW in the first half of the year, driven by the addition of 2,418 MW of solar and 450 MW of wind power plants.
Although there are no specific estimates for the quarterly results, the company revealed in its pre-earnings update that operational capacity grew 34% year-on-year to 11,184 MW in the first half of the year, driven by the addition of 2,418 MW of solar and 450 MW of wind power plants.
08:16:17 AM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates: Big movers on D-Street: What should investors do with Manappuram Finance, Raymond Lifestyles and 360 One Wam?
After starting with gains, benchmark indices Sensex and Nifty ended lower on Monday due to a sharp decline in Kotak Mahindra Bank and continued foreign fund outflows.
Stocks that stood out included Manappuram Finance, which climbed 4.55%, Raymond Lifestyles, up 2.2%, and 360 One Wam, whose shares surged 3.3% on Monday.
Stocks that stood out included Manappuram Finance, which climbed 4.55%, Raymond Lifestyles, up 2.2%, and 360 One Wam, whose shares surged 3.3% on Monday.
08:11:47 AM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates: Q2 results today: Bajaj Finance, Paytm, Zomato among 70 companies to announce earnings on Tuesday
The second-quarter earnings season has begun, with 70 companies set to release their July-September 2024 results today. Key companies to watch include Bajaj Finance, Adani Green, Zomato, Paytm, Adani Energy Solutions, Varun Beverages, and ICICI Pru Life.
07:57:17 AM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates: Fed needs to continue to cut rates, Daly says
San Francisco Federal Reserve Bank President Mary Daly stated on Monday that there is no indication the U.S. central bank will halt interest rate cuts, noting that current rates are "absolutely" still high enough to be slowing down the economy.
07:45:05 AM IST, 22 Oct 2024
Sensex Today | Stock Market LIVE Updates: Four Fed policymakers favor more rate cuts, but differ on pace
On Monday, four Federal Reserve policymakers voiced their backing for additional interest rate cuts, though they seemed to have differing views on the pace and extent of the potential cuts.
07:44:57 AM IST, 22 Oct 2024
Stock Market LIVE Updates | FPI stock selloff at Rs 81,000 crore, highest in a month
Overseas investors have been rapidly exiting the market, withdrawing ?81,000 crore in October alone¡ªthe highest monthly outflow from the Indian equity market. Concerns over market valuations amid slowing earnings and renewed interest in Chinese stocks have heightened risk-averse sentiment among foreign fund managers, leading them to reduce their exposure to one of the world's priciest markets.
07:32:00 AM IST, 22 Oct 2024
Stock Market LIVE Updates | Dow, S&P end down as Treasury yields rise, investors eye earnings
The Dow Jones Industrial Average and S&P 500 closed lower on Monday, retreating from Friday's record high closes and six straight weekly gains as Treasury yields rose and investors wary of high valuations awaited earnings from major companies.
"It's not at all unusual for the market to want to take a little bit of a breather after six weeks of continually record highs," said Carol Schleif, chief investment officer at BMO Family Office.
"It's not at all unusual for the market to want to take a little bit of a breather after six weeks of continually record highs," said Carol Schleif, chief investment officer at BMO Family Office.
07:22:08 AM IST, 22 Oct 2024
Stock Market LIVE Updates | Stocks in news: Zomato, Paytm, Bajaj Finance, Ola Electric, Eicher Motors
Domestic markets showed volatility and finished almost unchanged, mainly due to mixed earnings reports. In today's trading, shares of Zomato, Paytm, Bajaj Finance, Ola Electric, and Eicher Motors will be in the spotlight due to various news updates and second-quarter results.
07:21:00 AM IST, 22 Oct 2024
Stock Market LIVE Updates | GIFT Nifty up 15 points
GIFT Nifty on the NSE IX traded higher by 17.5 points, or 0.07 per cent, at 24,797.50, signaling that Dalal Street was headed for muted start on Tuesday.
07:20:21 AM IST, 22 Oct 2024
Stock Market LIVE Updates | Oil prices trim Middle East war risk-gains, China demand remains a worry
Oil prices fell on Tuesday, paring the previous day's nearly 2% rise as the top U.S. diplomat renewed efforts to push for a ceasefire in the Middle East, and as slow demand in China, the world's top oil importer, continued to weigh on the market.
Brent crude futures for December delivery were down 26 cents, or 0.3%, at $74.03 a barrel at 0046 GMT. U.S. West Texas Intermediate crude futures for November delivery were 2 cents lower at $70.54 a barrel on the contract's last day as the front month.
Brent crude futures for December delivery were down 26 cents, or 0.3%, at $74.03 a barrel at 0046 GMT. U.S. West Texas Intermediate crude futures for November delivery were 2 cents lower at $70.54 a barrel on the contract's last day as the front month.
07:19:29 AM IST, 22 Oct 2024
Stock Market LIVE Updates |Forex News
- The euro was unchanged at $1.0815
- The Japanese yen rose 0.1% to 150.62 per dollar
- The offshore yuan was little changed at 7.1378 per dollar
07:19:05 AM IST, 22 Oct 2024
Stock Market LIVE Updates | Global Markets Check
- S&P 500 futures were little changed as of 9:09 a.m. Tokyo time
- Hang Seng futures fell 0.4%
- Japan¡¯s Topix fell 0.1%
- Australia¡¯s S&P/ASX 200 fell 1.2%
- Euro Stoxx 50 futures fell 0.9%