Stock Market Highlights: Nifty forms small red candle, faces strong resistance at 100 DEMA. How to trade tomorrow
Economic Times |
Synopsis
On Wednesday, Nifty formed a small red candle near the 100-Day Exponential Moving Average (DEMA), indicating strong resistance around 24,470-24,500. If the index holds above 24,500, it could extend gains toward the 24,600¨C24,700 range, with key support at 24,070.
Nifty closed lower on Wednesday after a two-day gain. A sell-off in the later half of the session erased the morning gains as the star performers of the previous two days i.e. banks came under profit-taking.
Nifty formed a small red candle on Wednesday near the 100-Day Exponential Moving Average (DEMA), signalling strong resistance around 24,470-24,500 levels. If the index sustains above 24,500, it may extend gains to the 24,600¨C24,700 range, with 24,070 acting as a key support. As long as it holds above this level, a "buy on dips" approach remains viable, said Hrishikesh Yedve of Asit C. Mehta Investment Interrmediates.
In the open interest (OI) data, the highest OI on the call side was observed at 24,500 and 24,400 strike prices, while on the put side, the highest OI was at 24,300 strike price followed by 24,200.
Nifty formed a small red candle on Wednesday near the 100-Day Exponential Moving Average (DEMA), signalling strong resistance around 24,470-24,500 levels. If the index sustains above 24,500, it may extend gains to the 24,600¨C24,700 range, with 24,070 acting as a key support. As long as it holds above this level, a "buy on dips" approach remains viable, said Hrishikesh Yedve of Asit C. Mehta Investment Interrmediates.
In the open interest (OI) data, the highest OI on the call side was observed at 24,500 and 24,400 strike prices, while on the put side, the highest OI was at 24,300 strike price followed by 24,200.
07:32:39 PM IST, 30 Oct 2024
EFC arm gets SEBI nod for SM REIT, set to launch Rs 500 cr initial public offer
Managed office space provider EFC (I) Ltd, through its wholly owned step-down subsidiary, EFC REIT, has received the Securities & Exchange Board of India¡¯s (SEBI) registration for EMBERSTONE SM REIT as a Small & Medium Real Estate Investment Trust (SM REIT).
Following this. EMBERSTONE SM REIT is eligible to make an initial offer for units of its first scheme for an amount of up to Rs 500 crores.
Following this. EMBERSTONE SM REIT is eligible to make an initial offer for units of its first scheme for an amount of up to Rs 500 crores.
07:18:46 PM IST, 30 Oct 2024
US stocks subdued at open as investors weigh earnings, data
U.S. stock indexes were subdued at the open on Wednesday, as investors assessed mixed earnings reports and data that showed the economy maintained a solid pace of growth in the third quarter.
The Dow Jones Industrial Average rose 16.8 points, or 0.04%, at the open to 42249.81. The S&P 500 fell 0.3 points at the open to 5832.65, while the Nasdaq Composite rose 18.9 points, or 0.10%, to 18731.694 at the opening bell.
The Dow Jones Industrial Average rose 16.8 points, or 0.04%, at the open to 42249.81. The S&P 500 fell 0.3 points at the open to 5832.65, while the Nasdaq Composite rose 18.9 points, or 0.10%, to 18731.694 at the opening bell.
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06:52:05 PM IST, 30 Oct 2024
Tata Power Q2 results: Net profit rises 51% YoY to Rs 1533 crore
Tata Power reported net profit (before exceptional items) of Rs 1533 crore in the September 2024 quarter, compared with Rs 1,017 crore in the year-ago quarter.
Revenue from operations, meanwhile, fell 1% year-on-year to Rs 15,247 crore.
Revenue from operations, meanwhile, fell 1% year-on-year to Rs 15,247 crore.
06:35:45 PM IST, 30 Oct 2024
Tech view: 24,070 forms key support level for Nifty. How to trade tomorrow
Nifty closed lower on Wednesday after a two-day gain. A sell-off in the later half of the session erased the morning gains as the star performers of the previous two days i.e. banks came under profit-taking.
Nifty formed a small red candle on Wednesday near the 100-Day Exponential Moving Average (DEMA), signalling strong resistance around 24,470-24,500 levels. If the index sustains above 24,500, it may extend gains to the 24,600¨C24,700 range, with 24,070 acting as a key support. As long as it holds above this level, a "buy on dips" approach remains viable, said Hrishikesh Yedve of Asit C. Mehta Investment Interrmediates.
In the open interest (OI) data, the highest OI on the call side was observed at 24,500 and 24,400 strike prices, while on the put side, the highest OI was at 24,300 strike price followed by 24,200.
Nifty formed a small red candle on Wednesday near the 100-Day Exponential Moving Average (DEMA), signalling strong resistance around 24,470-24,500 levels. If the index sustains above 24,500, it may extend gains to the 24,600¨C24,700 range, with 24,070 acting as a key support. As long as it holds above this level, a "buy on dips" approach remains viable, said Hrishikesh Yedve of Asit C. Mehta Investment Interrmediates.
In the open interest (OI) data, the highest OI on the call side was observed at 24,500 and 24,400 strike prices, while on the put side, the highest OI was at 24,300 strike price followed by 24,200.
06:33:08 PM IST, 30 Oct 2024
Chinese EV maker BYD Q3 Results: Net profit up 11.5% to 11.6 bn yuan, revenue beats Tesla for first time
Chinese electric vehicle maker BYD posted an 11.5% rise in third-quarter net profit on Wednesday as it maintained strong sales momentum helped by government trade-in incentives.
Net profit rose to 11.6 billion yuan ($1.63 billion) in the July-September quarter, the company said in a stock exchange filing. For the first nine months, net profit was up 18.1% to 25.2 billion yuan.
With third-quarter revenue up 24% on year to 201.1 billion yuan ($28.24 billion), BYD's quarterly revenue for the first time outpaced Tesla, whose revenue for the July-September quarter reached $25.2 billion.
Tesla still beat BYD in terms of EV sales globally during July to September.
Net profit rose to 11.6 billion yuan ($1.63 billion) in the July-September quarter, the company said in a stock exchange filing. For the first nine months, net profit was up 18.1% to 25.2 billion yuan.
With third-quarter revenue up 24% on year to 201.1 billion yuan ($28.24 billion), BYD's quarterly revenue for the first time outpaced Tesla, whose revenue for the July-September quarter reached $25.2 billion.
Tesla still beat BYD in terms of EV sales globally during July to September.
06:25:07 PM IST, 30 Oct 2024
L&T Q2 Results: International orders at Rs 50,083 crore comprised 63% of total order inflow
During the quarter, multi-geography orders were received across different segments like renewables, transmission & distribution, roads & runways, urban transit and nuclear power. International orders at Rs 50,083 crore during the quarter comprised 63% of the total order inflow.
06:16:06 PM IST, 30 Oct 2024
L&T Q2 Results: Co received Rs 80,000 crore worth orders
The company received orders of Rs 80,045 crore at the group level during the quarter ended September 30, 2024, registering a sequential growth of 13% and a YoY de-growth of 10%. The corresponding quarter of the previous year had the benefit of receipt of two international ultra-mega orders in the Hydrocarbon business.
05:53:35 PM IST, 30 Oct 2024
L&T Q2 Results: PAT at Rs 3,395 cr, revenue at Rs 61,555 cr
L&T Q2 Results:
PAT at Rs 3395 cr vs ETNOW poll of Rs 3335 cr
Cons Revenue at Rs 61555 cr vs ETNOW poll of Rs 57622 cr
EBITDA at Rs 6362 cr vs ETNOW poll of Rs 6142 cr
PAT at Rs 3395 cr vs ETNOW poll of Rs 3335 cr
Cons Revenue at Rs 61555 cr vs ETNOW poll of Rs 57622 cr
EBITDA at Rs 6362 cr vs ETNOW poll of Rs 6142 cr
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05:43:06 PM IST, 30 Oct 2024
Swiggy says unaffected by urban demand slump; launches Rs 11,330-cr share sale
Food delivery app Swiggy on Wednesday launched a Rs 11,330-crore initial share sale, asking investors to take a pie of Indian middle class' rising propensity of online ordering. The company, which is present in over 650 cities and towns of the country, is launching the initial public offering (IPO) amid heightened concerns on urban demand slump, and the management stressed that it is unaffected by the broader trends in the economy.
"We are also reading about it, but we are not seeing that yet in the business... So far, we have not seen the impact of demand on our business," its chief financial officer Rahul Bothra said.
"We are also reading about it, but we are not seeing that yet in the business... So far, we have not seen the impact of demand on our business," its chief financial officer Rahul Bothra said.
05:04:43 PM IST, 30 Oct 2024
Godavari Biorefineries makes disappointing market debut; shares settle nearly 3% lower
Shares of ethanol and bio-based chemicals maker Godavari Biorefineries Ltd on Wednesday ended with a discount of nearly 3 per cent against the issue price of Rs 352. The stock made its debut at Rs 310.55, a decline of 11.77 per cent from the issue price on the BSE. During the day, it lost 12.48 per cent to Rs 308.05. Shares of the firm ended at Rs 342.85 apiece, down 2.59 per cent.
On the NSE, shares of the firm listed at Rs 308, down 12.5 per cent. The stock later ended at Rs 343.90 each, down 2.30 per cent.
The company's market valuation stood at Rs 1,754.57 crore.
On the NSE, shares of the firm listed at Rs 308, down 12.5 per cent. The stock later ended at Rs 343.90 each, down 2.30 per cent.
The company's market valuation stood at Rs 1,754.57 crore.
04:28:27 PM IST, 30 Oct 2024
Dabur to acquire ayurvedic product maker Sesa Care for Rs 315-325 cr
Home-grown FMCG and Ayurvedic products maker Dabur on Wednesday announced the acquisition of Sesa Care, engaged in the Ayurvedic personal care and wellness segment, at an enterprise value of Rs 315-325 crore. This new acquisition will help Dabur to expand in the Rs 900 crore ayurvedic hair oil market, the company said in a regulatory filing.
It has entered into an agreement to acquire the majority 51 per cent stake from its shareholder True North (a private equity fund) for Rs 12 crore at face value.
It has entered into an agreement to acquire the majority 51 per cent stake from its shareholder True North (a private equity fund) for Rs 12 crore at face value.
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04:04:51 PM IST, 30 Oct 2024
Dabur declares dividend of Rs 2.75 per share, fixes November 8 as record date
The board of Dabur today, along with its second quarter results for the fiscal year 2025, announced an interim dividend of Rs 2.75 per share for the company¡¯s shareholders, fixing November 8 as the record date for the purpose.
¡°Pursuant to Regulations 30 and 43 of the Listing Regulations, we wish to inform you that the Board of Directors of the Company in its meeting held today have declared Interim Dividend of Rs. 2.75 per equity share having face value of Re. 1/- each (i.e., 275%) for the financial year 2024-25. Pursuant to Regulation 42 of the Listing Regulations, the Company has vide its letter dated October 16, 2024 already informed to Stock Exchanges regarding the Record Date of November 08, 2024,¡± said the company in an exchange filing.
Additionally, the company also informed that the said dividend will be paid to the shareholders on November 22.
¡°Pursuant to Regulations 30 and 43 of the Listing Regulations, we wish to inform you that the Board of Directors of the Company in its meeting held today have declared Interim Dividend of Rs. 2.75 per equity share having face value of Re. 1/- each (i.e., 275%) for the financial year 2024-25. Pursuant to Regulation 42 of the Listing Regulations, the Company has vide its letter dated October 16, 2024 already informed to Stock Exchanges regarding the Record Date of November 08, 2024,¡± said the company in an exchange filing.
Additionally, the company also informed that the said dividend will be paid to the shareholders on November 22.
03:39:39 PM IST, 30 Oct 2024
Rupee falls 4 paise to close at 84.09 against US dollar
03:38:31 PM IST, 30 Oct 2024
Sector View: Nifty financial services bleeds, media shines
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03:36:14 PM IST, 30 Oct 2024
459 stocks end up in upper circuit
03:35:34 PM IST, 30 Oct 2024
Sensex Heatmap: 19 of 30 Sensex stocks end in the red
03:34:41 PM IST, 30 Oct 2024
Nifty settles below 24,350; Cipla cracks 4%, Infosys 2%
03:34:29 PM IST, 30 Oct 2024
Sensex resumes fall after 2-day break, drops 427 pts
03:27:06 PM IST, 30 Oct 2024
Sensex Today | Stock Market LIVE Updates |Dabur Q2 results: PAT falls 17% YoY to Rs 425 crore
03:12:33 PM IST, 30 Oct 2024
Sensex Today | Stock Market LIVE Updates: Stocks trading at 52-week high
03:09:25 PM IST, 30 Oct 2024
Stock Market LIVE Updates | Zaggle Prepaid board approves fundraise of up to Rs 950 cr via QIP: Report
03:06:58 PM IST, 30 Oct 2024
Stock Market LIVE Updates | Welspun Enterprises Q2 profit falls 11% to Rs 61.56 crore
03:00:23 PM IST, 30 Oct 2024
Sensex Today |Two mutual funds file draft documents with Sebi to launch 3 passive funds and a small cap fund
- Two mutual funds, Edelweiss and Mirae Asset, filed draft documents with Sebi.
- They plan to launch three passive funds and one small cap fund.
- Passive funds will track BSE Capital Markets & Insurance, Internet Economy, and 200 Equal Weight indices.
- Minimum investment for all funds is Rs 5,000, with allocations primarily in equities and related securities.
02:58:29 PM IST, 30 Oct 2024
Stock Market LIVE Updates: Nifty Smallcap 100 jumps over 1%
02:52:19 PM IST, 30 Oct 2024
Sensex Today | Stock Market LIVE Updates | Advance declines ratio favors buyers
02:50:26 PM IST, 30 Oct 2024
Stock Market LIVE Updates | Earnings impact: AIA Engineering stock falls around 1% on Q2 PAT fall
02:46:33 PM IST, 30 Oct 2024
Stock Market LIVE Updates | TTK Prestige Q2 Results: Cons revenue at Rs 750 cr vs Rs 729 cr, up 2.8% YoY
02:45:50 PM IST, 30 Oct 2024
Stock Market LIVE Updates | Ola Electric boosts service capacity by 30%; adds over 50 centres, 500 technicians; stock up 3%
02:42:03 PM IST, 30 Oct 2024
AB Capital Q2 Results: Mutual fund quarterly avg AUM at ?3.83 lk cr, up 23% YoY
02:40:04 PM IST, 30 Oct 2024
Stock Market LIVE Updates | Top losers from Nifty Bank index
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Stock Market LIVE Updates | Nifty Bank slips over 1% to trade near day's low
02:35:26 PM IST, 30 Oct 2024
Sensex Today | Coforge, Deepak Fertilisers among 6 small & midcap stocks that hit 52-week highs on Wednesday
02:30:42 PM IST, 30 Oct 2024
Stock Market LIVE Updates | October 31 or November 1? When is the stock market closed for Diwali
- Indian equity markets will trade on October 31, Diwali.
- Markets close on November 1, resuming Muhurat Trading from 6 PM to 7 PM.
- MCX and NCDEX will operate on October 31, closed on November 1 morning.
02:25:44 PM IST, 30 Oct 2024
Sensex Today | Colgate-Palmolive India, Patanjali Foods among 6 stocks to trade ex-dividend on Monday. Do you own?
02:20:55 PM IST, 30 Oct 2024
Sensex Today | Stock Market LIVE Updates | Nifty tumbles below 24,350
02:18:48 PM IST, 30 Oct 2024
Stock Market LIVE Updates | Nikkei closes at 2-week peak as tech shares track Nasdaq higher
- Japan's Nikkei share average rose 0.96% to 39,277.39.
- This marks its highest close since October 15.
- The gain represents the third consecutive session of increases.
- The broader Topix index also increased, rising 0.81% to 2,703.72.
- Technology stocks were influenced by the Nasdaq's record finish overnight.
02:16:15 PM IST, 30 Oct 2024
Sensex Today | Stock Market LIVE Updates | Sensex drops over 500 points
02:13:36 PM IST, 30 Oct 2024
Stock Market LIVE Updates | Nifty slips below 24,400; top losers in afternoon trade
02:13:13 PM IST, 30 Oct 2024
Stock Market LIVE Updates | European shares fall ahead of key data, US election jitters
02:10:53 PM IST, 30 Oct 2024
Stock Market LIVE Updates | Nazara Tech unit buys majority stake in UK growth marketing agency Space & Time: Report
01:59:57 PM IST, 30 Oct 2024
Stock Market LIVE Updates | Siemens India gets Rs 137 crore income tax demand notice: Report
01:53:03 PM IST, 30 Oct 2024
Sensex Today | Stock Market LIVE Updates | NFO Alert: Shriram Mutual Fund launches liquid fund
01:48:09 PM IST, 30 Oct 2024
Stock Market LIVE Updates: Top losers from Nifty Financial Services index
01:45:03 PM IST, 30 Oct 2024
Stock Market LIVE Updates: Nifty Financials Services top sectoral loser
01:42:35 PM IST, 30 Oct 2024
Sensex Today | Swiggy sees declining demand in grey market leading up to IPO as GMP falls 30%
- Swiggy's IPO launches on November 6, priced at Rs 371-390.
- Grey market premium has fallen to Rs 18.
- The company aims to raise Rs 4,499 crore, using proceeds for technology, marketing, and investment in its subsidiary Scootsy.
01:34:51 PM IST, 30 Oct 2024
Sensex Today | Stock Market LIVE Updates | IDFC First Bank, L&T Finance among 5 stocks with short covering
01:29:26 PM IST, 30 Oct 2024
Sensex Today | Stock Market LIVE Updates | India VIX shoots up 8%
01:23:21 PM IST, 30 Oct 2024
Sensex Today | Stock Market LIVE Updates | Sensex drops over 300 points
01:22:21 PM IST, 30 Oct 2024
Stock Market LIVE Updates | Swiggy: IPO to consist of ?4,500 cr of new share issue & ?6,828 cr worth shares on offer for sale
01:07:59 PM IST, 30 Oct 2024
Stock Market LIVE Updates | NSE crosses 20 crore client accounts in October
The National Stock Exchange (NSE) announced it had exceeded 20 crore client accounts in October, marking a growth of 3.1 crore in the past eight months. Maharashtra leads with the highest number of accounts at 3.6 crore, followed by Uttar Pradesh with 2.2 crore, Gujarat with 1.8 crore, and both Rajasthan and West Bengal with 1.2 crore each.
01:04:54 PM IST, 30 Oct 2024
Stock Market LIVE Updates | Auto stocks trade higher; top gainers
02:40:52 PM IST, 30 Oct 2024
Stock Market LIVE Updates | Buzzing stocks in afternoon trade
12:59:11 PM IST, 30 Oct 2024
Nikkei closes at 2-week peak as tech shares track Nasdaq higher
Japan's Nikkei share average rose to a two-week closing high on Wednesday, as technology stocks tracked the Nasdaq's record finish overnight.
The Nikkei climbed 0.96% to 39,277.39, its highest close since Oct. 15 in its third straight session of gains. The broader Topix rose 0.81% to 2,703.72.
The Nikkei climbed 0.96% to 39,277.39, its highest close since Oct. 15 in its third straight session of gains. The broader Topix rose 0.81% to 2,703.72.
12:46:36 PM IST, 30 Oct 2024
Stock Market LIVE Updates | Sterlite Tech Q2 Results
12:39:29 PM IST, 30 Oct 2024
Stock Market LIVE Updates | Rupee drops to all-time low on Asia FX volatility, outflows
The Indian rupee declined to a lifetime low on Wednesday, weighed down by nervousness in its Asian peers about the outcome of the U.S. elections and by persistent foreign outflows from domestic equities.
The rupee dipped to an all-time low of 84.0900 to the U.S. dollar, crawling past the previous low of 84.0850. It has hit new lows multiple times over the last two weeks.
The rupee dipped to an all-time low of 84.0900 to the U.S. dollar, crawling past the previous low of 84.0850. It has hit new lows multiple times over the last two weeks.
12:33:41 PM IST, 30 Oct 2024
Stock Market LIVE Updates | South Korean shares end lower, Korea Zinc hits daily lower limit
South Korean shares fell nearly 1% on Wednesday, dragged down by losses in index heavyweight Samsung Electronics and a plunge in Korea Zinc to the daily lower limit.
The benchmark KOSPI closed down 24.01 points, or 0.92%, at 2,593.79, snapping a three-session run of gains.
The benchmark KOSPI closed down 24.01 points, or 0.92%, at 2,593.79, snapping a three-session run of gains.
12:28:14 PM IST, 30 Oct 2024
Stock Market LIVE Updates | IndusInd Bank partners with Trustmore (Escrowpay) to offer enhanced digital Escrow Services in India
12:19:34 PM IST, 30 Oct 2024
Stock Market LIVE Updates | Genus Power Infrastructures Q2 Results
12:19:05 PM IST, 30 Oct 2024
Stock Market LIVE Updates | Rs 10,000 turns to Rs 67 crore! How Elcid made investors millionaires overnight
Elcid Investments¡¯ stock soared 66,92,535%, turning Rs 10,000 into Rs 67 crore, now valued at Rs 2,36,250. It became India¡¯s most expensive stock, surpassing MRF.
12:17:02 PM IST, 30 Oct 2024
Stock Market LIVE Updates | Volatility Index, India VIX rises 6%
12:08:53 PM IST, 30 Oct 2024
Stock Market LIVE Updates | Atishay shares rise 5% on bagging order worth Rs 16 crore
11:59:56 AM IST, 30 Oct 2024
Stock Market LIVE Updates | Australian shares fall as banks and Woolworths drag
Australian shares fell on Wednesday, as banks lost ground and top grocer Woolworths led consumer stocks lower after warning about lower food earnings, while sticky core inflation cemented views that the central bank will not cut rates until next year.
The S&P/ASX 200 index ended 0.8% lower at 8,180.4, its lowest close since Oct. 8.
The S&P/ASX 200 index ended 0.8% lower at 8,180.4, its lowest close since Oct. 8.
11:55:14 AM IST, 30 Oct 2024
Sensex Today | DMart shares down 23% in a month. Will bearish sentiment continue to weigh in?
11:50:42 AM IST, 30 Oct 2024
Stock Market LIVE Updates | Nifty Top gainers and losers at this hour
11:45:56 AM IST, 30 Oct 2024
Sensex Today | Stock Market LIVE Updates | 16 equity mutual funds deliver over 30% CAGR in 3 years
- 16 equity mutual funds achieved over 30% CAGR in three years, with Quant Small Cap Fund leading at 43.87%.
- Other notable funds include Nippon India and various small cap schemes.
11:36:58 AM IST, 30 Oct 2024
Stock Market LIVE Updates | TCS Partners with Insper in Brazil, Invests R$ 50 mn to accelerate innovation across South America.
11:32:34 AM IST, 30 Oct 2024
Sensex Today | 66,92,535% jump! If trees don't grow to the sky then how did Elcid shares defy gravity
Whenever share prices surge dramatically in a booming bull market, seasoned investors often caution newcomers that "trees don't grow to the sky." However, small-cap stock Elcid Investments stands out as a rare exception, experiencing an astonishing 66,92,535% increase in share prices, leaving both seasoned and novice investors astonished.
11:24:58 AM IST, 30 Oct 2024
Bitcoin surges past $73,500 as US election speculation fuels demand
Bitcoin surged to $73,577 in early Asian trade on Wednesday, just $173 shy of its all-time high of $73,750, as investors closely monitored the upcoming US presidential election.
However, by 10:40 AM, the leading cryptocurrency was trading 2.2% higher around $72,333.
The surge in the price of bitcoin is seen as a bet on a Republican victory, as Donald Trump has emerged as the pro-crypto candidate.
However, by 10:40 AM, the leading cryptocurrency was trading 2.2% higher around $72,333.
The surge in the price of bitcoin is seen as a bet on a Republican victory, as Donald Trump has emerged as the pro-crypto candidate.
11:17:54 AM IST, 30 Oct 2024
Stock Market LIVE Updates | Force Motors shares soar 20%
Force Motors reported a nearly 44% rise in quarterly profit on Tuesday, as higher sales of engines to BMW and Mercedes helped mitigate a slump in sales of its multi-seater vans.
Force Motors makes engines for BMW and Mercedes cars in India and also manufactures commercial vehicles, including vans, school buses and ambulances.
Force Motors makes engines for BMW and Mercedes cars in India and also manufactures commercial vehicles, including vans, school buses and ambulances.
11:14:44 AM IST, 30 Oct 2024
Sensex Today | Brokerage Take: UBS on Cipla
UBS has maintained a buy rating on the stock while lowering the target price to Rs 1,960 from Rs 2,060.
The Q2 results met expectations, but growth in India was weak. The shortage of lanreotide is anticipated to affect near-term performance. Timelines for the gAdvair launch remain unchanged, but the launch of Abraxane depends on clearance from Goa. As a result, UBS has reduced its FY26 and FY27 EPS estimates by 4% and 7%, respectively.
The Q2 results met expectations, but growth in India was weak. The shortage of lanreotide is anticipated to affect near-term performance. Timelines for the gAdvair launch remain unchanged, but the launch of Abraxane depends on clearance from Goa. As a result, UBS has reduced its FY26 and FY27 EPS estimates by 4% and 7%, respectively.
11:03:26 AM IST, 30 Oct 2024
Stock Market LIVE Updates | Auto stocks trade higher; Maruti, TVS among top gainers
10:59:30 AM IST, 30 Oct 2024
Market LIVE Updates | Sensex off day's low, trades 116 pts lower at 80,255; Nifty at 24,444
10:51:31 AM IST, 30 Oct 2024
Sensex Today | Stock Market LIVE Updates | Voltas shares sink despite posting 269% YoY jump in PAT
10:47:21 AM IST, 30 Oct 2024
Stock Market LIVE Updates | PDS Q2 Results; stock up 6%
10:41:20 AM IST, 30 Oct 2024
Diwali stock picks: Over 50 ideas to light up your portfolio in Samvat 2081
With the Sensex declining by approximately 5,600 points from its peak and many multibagger stocks experiencing double-digit losses, investors are now shifting their focus from momentum plays to quality and growth stocks available at reasonable prices.
10:29:23 AM IST, 30 Oct 2024
Stock Market LIVE Updates | Nifty Bank drops 1%; ICICI, AU SFB among top losers from the pack
10:18:44 AM IST, 30 Oct 2024
Sensex Today | Adani Ent. shares rise 3% after posting 664% rise in Q2 PAT
10:14:51 AM IST, 30 Oct 2024
Japan's Nikkei rises over 1% after Big Tech stocks push Nasdaq to record high
Asian markets were mixed on Wednesday with Japan's benchmark index gaining more than 1% after a rally in technology stocks propelled the Nasdaq composite to a record high.
Hong Kong¡¯s Hang Seng was down 1.3% to 20,438.54 and the Shanghai Composite index dropped 0.6% to 3,267.42. In Tokyo, the Nikkei 225 index was up 1.3% at 39,390.49, as the Bank of Japan began a two-day policy meeting on Wednesday.
Hong Kong¡¯s Hang Seng was down 1.3% to 20,438.54 and the Shanghai Composite index dropped 0.6% to 3,267.42. In Tokyo, the Nikkei 225 index was up 1.3% at 39,390.49, as the Bank of Japan began a two-day policy meeting on Wednesday.
10:13:25 AM IST, 30 Oct 2024
Planning to invest Diwali bonus? Mutual fund advisors offer help
During the Diwali celebrations, in addition to gifts and sweets, there is often an influx of cash. Many individuals receive cash gifts from relatives, while others get bonuses from their workplaces.
Instead of spending the money on useless things, it makes sense to invest it.
Instead of spending the money on useless things, it makes sense to invest it.
10:07:31 AM IST, 30 Oct 2024
Stock Market LIVE Updates | Shriram Properties shares gain 4% on signing JDA for 6-acre land parcel in Pune
10:06:07 AM IST, 30 Oct 2024
Sensex Today | Castrol India shares gain 2% as co names Kedar Lele as MD
09:59:30 AM IST, 30 Oct 2024
Sensex Today | Godavari Biorefineries shares list at 12.5% discount over IPO price
Godavari Biorefineries shares debut on the exchanges on Monday, listing at Rs 308 on the NSE, a 12.5% discount over its issue price of Rs 352. The stock also got listed on BSE at Rs 310.5.
09:55:55 AM IST, 30 Oct 2024
Stock Market LIVE Updates | HDFC Bank, TechM among top stocks to buy today
- HDFC Bank: Buy| Target Rs 1,822| Stop Loss Rs 1,674
- Tech Mahindra: Buy| Target Rs 1,790| Stop Loss Rs 1,644
- JSW Steel: Buy| Target Rs 1,020| Stop Loss Rs 937
- BEL: Buy| Target Rs 288| Stop Loss Rs 274
- HDFC Life: Buy| Target Rs 780| Stop Loss Rs 710
- Container Corp: Buy| Target Rs 850| Stop Loss Rs 777
- L&T: Buy| Target Rs 3,600| Stop Loss Rs 3,300
- LIC Housing Finance: Buy| Target Rs 690| Stop Loss Rs 620
- Bank of Baroda: Buy| Target Rs 270| Stop Loss Rs 245
09:49:47 AM IST, 30 Oct 2024
Stock Market LIVE Updates | Allied Blenders and Distillers setting up plant in Telangana for Rs 75 cr
09:46:20 AM IST, 30 Oct 2024
Sensex Today | Brokerage Take: UBS on Maruti Suzuki
UBS has maintained a buy rating on Maruti while cutting the target price to Rs 14,800 from Rs 15,200.
Although Q2 results were a miss, the outlook on demand and margins has improved. The situation is not as bad as initially feared, leading UBS to retain the buy rating based on attractive valuations. Q2 FY25 gross margin contraction weighed on EBITDA; however, the adjusted PAT was above estimates. Festive demand appears strong, with inventories and discounts under control.
Although Q2 results were a miss, the outlook on demand and margins has improved. The situation is not as bad as initially feared, leading UBS to retain the buy rating based on attractive valuations. Q2 FY25 gross margin contraction weighed on EBITDA; however, the adjusted PAT was above estimates. Festive demand appears strong, with inventories and discounts under control.
09:37:14 AM IST, 30 Oct 2024
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Stock Market LIVE Updates | Opening Bell
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