← Go back Oct 10, 2023
Sensex, Nifty Rise Over 1% To Trade Near Day's High!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rLTIMindtree Selected By Germany's Infineon Technologies For Providing SAP ServicesAjmera Realty Soars early 18% As Sales Value Surges 52% In Q2 Key Highlights for Q2 FY24:Sales area stood at 1,20,787 sq. ft., up 51% YoY.Sales value stood at Rs 252 crore, up 52% YoY.The collection stood at Rs 111 crore, up 8% YoY.Acquired 3 projects with GDV of ~Rs 800 crore and sales potential of 4.4 lakh sq. ft.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r GM Breweries Shares Tumble Over 9% As Q2 Profit DeclinesShares of GM Breweries Ltd. fell over 9% after hitting 52-week high earlier in the day as its July-September quarter profit fell on an annual basis.The company's consolidated net profit for the quarter was down by 1.4% year-on-year to Rs 22.37 crore, according to an exchange filing on Tuesday. This compares to a net profit of Rs 22.69 crore in the same quarter of the previous fiscal.GM Breweries Q2FY24 (Consolidated, YoY)Revenue up 6.84% at Rs 151.57 crore vs Rs 141.86 croreEbitda down 3.57% at Rs 29.72 crore vs Rs 30.82 croreMargins at 19.61% vs 21.72%Net profit down 1.4% at Rs 22.37 crore vs Rs 22.69 croreShares of GM Breweries Ltd. fell as much as 9.01% to Rs 721.40 apiece, before paring losses to trade 7.92% lower at Rs 730.05 apiece, compared to a 0.99% advance in the benchmark NSE Nifty 50 as of 2:06 p.m. Intraday, the shares jump 1.91% to hit a 52-week high at Rs 808 per share. It has risen 16.6% on a year-to-date basis.The total traded so far in the day stood at 7.5 times its 30-day average. The relative strength index was at 57.4. Bloomberg covers no analyst tracking the company. !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rStocks Hitting 52-Week High Intraday!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rEuropean Markets Open HigherGMDC Shares Jump Over 15% To Hit Life HighShares of Gujarat Mineral Development Corp. rose as much as 15.10% to hit an all-time high Rs 367.80 apiece. It pared gains to trade 13.05% higher at Rs 361.25 apiece, compared to a 0.93% advance in the benchmark NSE Nifty 50 as of 1:51 p.m. It has risen 146% on a year-to-date basis. The total traded so far in the day stood at 3.6 times its 30-day average. The relative strength index was at 74, implying that the stock maybe overbought.One analyst tracking the company suggests a 'sell,' according to Bloomberg data. The average of 12-month analyst price targets implies a potential downside of 59%.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rIMF - World Economic Outlook For October Raises India's FY24 GDP growth forecast by 20 bps to 6.3%.Keeps India's FY25 GDP growth forecast unchanged at 6.3%.Forecasts India's FY24 CPI inflation at 5.5%, FY25 at 4.6%. Keeps global GDP growth forecast for 2023 unchanged at 3.0%.JSW Steel Q2 Update Consolidated volume at 6.41 million tonnes, up 13% year-on-year.India volume at 6.27 million tonnes, up 12% year-on-year.Source: Exchange filingShyam Metalics And Energy Q2 FY24 Update Sponge Iron sales volume at 1,77,373 tonnes, up 13.6% quarter-on-quarter.Steel sales volume at 5,08,771 tonnes, down 1.8% quarter-on-quarter.Sponge Iron sales volume at 177,373 tonnes, up 3.07% year-on-year.Steel sales volume at 5,08,771 tonnes, up 8.26% year-on-year.Source: Exchange filingGM Breweries Q2FY24 (Consolidated, YoY) Revenue up 6.84% at Rs 151.57 crore vs Rs 141.86 croreEbitda down 3.57% at Rs 29.72 crore vs Rs 30.82 croreMargins at 19.61% vs 21.72%Net profit down 1.4% at Rs 22.37 crore vs Rs 22.69 croreSource: Exchange filingVascon Engineer Gets LoA Worth Rs 352.91 Crore From Jharkhand Government Gets LoA worth Rs 352.91 crore from Jharkhand Government.Order for construction of Medical College at Koderma.Source: Exchange FilingSensex, Nifty Advance As Airtel, Infosys Leads; Realty Stocks Rise: Midday Market UpdateIndia's benchmark stock indices opened higher and held on to steady gains through midday on Tuesday after falling the most in over a week on Monday. Realty, PSU banks and Auto sectors led, while Healthcare stocks were marginally down. Nifty Realty hit a 15-year high since Sept. 2008 intraday. Nifty rose above 19,600 level, whereas Sensex was beyong 65,800 mark. "We will look for sustained trades above 19,545 early today to nurture hopes of getting back to the 19,900 trajectory. Else, expect the ongoing weakness to persist and aim for 19180 with hopes of 19,340 attempting a pull back midway," said Anand James, Chief Market Strategist at Geojit Financial Services.As of 12:00 p.m., the S&P BSE Sensex was up 362 points, or 0.55%, at 65,874.63 while the NSE Nifty 50 was 110 points or 0.56% higher at 19,621.95.Shares advanced after comments by Federal Reserve officials fueled speculation the U.S. central bank may stand put on rates until year-end.European stock futures edged higher, while MSCI’s Asia Pacific Index headed toward its biggest increase in three months. Contracts on U.S. equities pointed to small gainsStocks in Australia, Hong Kong advanced. Japanese stocks outperformed the region with gains of more than 2%. South Korean shares retreated after initial gains. On Monday, energy companies led gains in the S&P 500 as U.S. crude futures briefly topped $87 a barrel. Exxon Mobil Corp. and Chevron Corp. added over 2.7%. Defense companies rallied, with Northrop Grumman Corp. up the most since March 2020 and Lockheed Martin Corp. gaining 8.9%. American Airlines Group Inc. and Delta Air Lines Inc. fell more than 4%.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rBharti Airtel Ltd., Infosys Ltd., ICICI Bank Ltd., reliance Industries Ltd., and HDFC Bank Ltd. were positively adding to the change in the Nifty 50 Index. Whereas, Tata Consultancy Services Ltd., IndusInd Bank Ltd., Dr. Reddy's Laboratories Ltd., Cipla Ltd., and Asian Paints Ltd. were negatively contributing to the change. !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rThe broader market indices outperformed the larger peers; the S&P BSE MidCap Index was up 0.93%, whereas S&P BSE SmallCap Index was also 1.22% higher.All the 20 sectors compiled by BSE advanced. S&P BSE Realty, S&P BSE Telecommunication and S&P BSE Services rising the most. The market breadth was skewed in the favour of the buyers. About 2,567 stocks rose, 903 declined, while 138 remained unchanged on the BSE.HDFC Bank Raises MCLR By 10 Bps On Overnight And 1-Month Tenors Overnight MCLR stands at 8.60%; 1-month at 8.65%.MCLR on 2-, 3-year tenors remain unchanged.Source: HDFC Bank website#AskBQ: Jewellery Stocks Gain On Positive Q2 Business Updates F&O Show: Nifty Bank And Nifty Strategy For Investors Stocks In Focus With Ajmera Realty & KP Group Talking Point: Predicting Pockets Of Value In Uncertain Markets Nifty Realty Hits Fresh HighsNifty Realty rose 4.64% intraday to an over 15-year high since Sept. 12, 2008 at 609.90 points. Source: Bloomberg!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rAdani Group Stocks Add Over Rs 23,000 Crore In Investor Wealth IntradayShares of Adani Group company stocks gained on Tuesday with Adani Ports and Special Economic Zone Ltd. leading the advance by rising over 3%.Adani Power Ltd., New Delhi Television Ltd., and Adani Energy Solutions Ltd. also rose over 2%. On Monday, Oct. 9, the Adani Group condemned the Financial Times for its "Malicious Campaign to Tarnish its Global Reputation." The company said in a statement that the Financial Times is deliberately recycling old allegations to support vested interests.Adani Group Says FT 'Deliberately Recycling Malicious Allegations To Support Vested Interests'Adani Ports and Special Economic Zone Ltd. also said on Monday that it is closely monitoring the situation in Israel, and highlighted that the war with Hamas was concentrated in the south while the Haifa Port is located in the northern region.Adani Ports Closely Monitoring Situation In IsraelAdani Group stocks added Rs 23,008 crore in investor wealth taking the total market capitalisation to Rs 10.7 lakh crore, intraday.As of 10:54, the shares added Rs 18,441 crore in market value taking the capitalisation to Rs 10.65 lakh crore.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rL&T Gets Orders Worth Rs 1,000-2,500 Crore For Water And Effluent Treatment BusinessGets significant order worth Rs 1,000 to Rs 2,500 crore from Government of Rajasthan.Order for water supply project for 648 villages in Chittorgarh.Source: Exchange FilingPuravankara Q2FY24 Business Update Sales value at Rs 1,600 crore, up 102% year-on-year.Volume at Rs 20 lakh sq ft, up 89% year-on-year.Realisation at Rs 7,947/sq ft, up 7% year-on-year.Source: Exchange FilingOil India Clarifies That Green Energy Plans Are In Nascent Stage Exploring options for green hydrogen valleys/hubs.Green energy plans are in nascent stage.Alert: Clarification issued on a media report stating company is planning green hydrogen hubs.Source: Exchange FilingGenus Power Infrastructures Wins Order Worth Rs 3,115.01; Shares Locked In Upper CircuitShares of Genus Power Infrastructures Ltd.'s hit an upper circuit of 5% after its wholly owned subsidiary has received two letters of awards worth Rs. 3,115.01 crore for appointment of Advanced Metering Infrastructure Service Providers including design of Advance Metering Infrastructure (AMI) system with supply, installation and commissioning.The scrip hit an upper circuit of 5% before paring the gains to trade 4.43% higher at Rs 272.25 apiece, compared to a 0.40% advance in the benchmark NSE Nifty 50 as of 10:06 a.m.It has risen 223.02% on a year-to-date basis. The total traded so far in the day stood at 3 times its 30-day average. The relative strength index was at 60.45 as of 10:04 a.m.All the two analysts tracking the company maintain a 'buy' rating, according to Bloomberg data. The average of 12-month analyst price targets implies a potential downside of 8.7%.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rAdani Ports & SEZ's 5% Fall Following Israel-Hamas War Presents A Buying Opportunity, Says CLSAThe ongoing war in Israel with the militant group Hamas triggered a sell-off in the shares of Adani Ports and Special Economic Zone Ltd. on Monday, as the share tumbled over 5% intraday. This could potentially hurt the company's newly acquired Hafia port in Israel, however, a 5% fall for a port that contributes 1.3% as per sum-of-the-parts valuation, presents a buying opportunity according the CLSA's note dated Oct. 10.The brokerage maintained a 'buy' rating on the stock with a price target of Rs 878 apiece, presenting a potential upside of 11% to Oct. 9 closing price, over the next 12 months."A 5% fall in share price on Israel–Gaza war fears presents an even better buying opportunity for this strategic asset with long duration concessions," as per CLSA.About Hafia Port Adani Ports and Special Economic Zone Ltd. acquired the Haifa Port Co. in Israel, as a part of the country's privatisation efforts via a 70:30 joint venture with Gadot Group.The acquisition took place at a transaction value of $1.13 billion and an enterprise value of $530 million.Haifa Port is the largest port in Israel and it is a profit-making entity focused on bulk and containers. It accounted for 3% of Adani Port's volumes in the first half of fiscal 2024. The consortium will operate the port until February 2054. The acquisition is in line with Adani group’s vision to transform Adani Ports into a global transport utility. The existing infrastructure at Hafia Port includes two container and multi-cargo terminals.Adani Ports' Flagship Mundra Port Completes 25 YearsCLSA On Adani Ports' Business In Israel Adani Ports trades at a discount to Concor and its EV/Ebitda is trading below its average of 13.5 times. As Haifa Port contributes 1.3% of CLSA's sum-of-the-parts valuation valuation, there is a buying opportunity in the stock.Hafia Port is a key component in the India-Middle East-Europe economic corridor, which was launched during G20 summit held in India. Thus it is strategic port offering innovative multi-modal network backed by the U.S. the EU, as per CLSA.With an expectation of Hafia Port’s cargo volume to rise 5% during 2021-2027, Adani Port's overall market share is estimated to be marginally higher than its 2021 level.Given a lot of the traffic at Hafia Port consists importing coal and bulk materials, it should have reasonable stickiness, as per CLSA. Also, Hafia is located in the North of Israel as compared to the Gaza strip which is in the South, so disruptions are likely to be minimal.With financial engineering of debt interest and principal repayments, Adani Ports expects its equity investments to recover in the initial four years.The deal structuring offers a significant value accretion opportunity for Adani Ports shareholders given the concession period of 32 years, as per CLSA.Adani Ports - Sailing Toward New Horizons: Motilal Oswal Initiates Coverage With A 'Buy'On Tuesday, the scrip rose as much as 3.41% to Rs 817 apiece, most in a single day since Sept. 11. It pared gains to trade 2.94% higher at Rs 813.25 apiece, compared to a 0.52% advance in the benchmark NSE Nifty 50 as of 9:35 a.m. It has fallen 0.66% on a year-to-date basis. The total traded so far in the day stood at two times its 30-day average. The relative strength index was at 47.2.19 out of the 20 analysts tracking the company maintain a 'buy' rating, one recommends a 'hold' and none suggest a 'sell,' according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 11.5%.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rMazagon Dock Shipbuilders Jumps 7% After Securing Order For Power Vessels From European ClientShares of Mazagon Dock Shipbuilders Ltd. rose the most in a single day in over three weeks after it received a Letter of Intent from a European client for the construction of six firm and four optional units of 7,500 DWT multi-purpose hybrid power vessels. The prices for the vessels would be decided after the signing of the contract, as per the exchange filing.The scrip rose as much as 7.07% to Rs 2,219.90 apiece, most in a single day since Sept. 15. It pared gains to trade 4.85% higher at Rs 2,174 apiece, compared to a 0.40% advance in the benchmark NSE Nifty 50 as of 9:35 a.m. It has risen 174% on a year-to-date basis. The total traded so far in the day stood at 2.2 times its 30-day average. The relative strength index was at 56.Two out of the four analysts tracking the company maintain a 'buy' rating, one recommends a 'hold' and one suggests a 'sell,' according to Bloomberg data. The average of 12-month analyst price targets implies a potential downside of 16.5%.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rMost Shipping Company Stocks Advance In Early Trade!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rNifty Auto, Realty Lead Sectoral Advance!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rBroader Markets OutpeformThe broader market indices outperformed the larger peers; the S&P BSE MidCap Index was up 0.69%, whereas S&P BSE SmallCap Index was also 0.89% higher.All the 20 sectors compiled by BSE advanced. S&P BSE Services, S&P BSE Telecommunication and S&P BSE Metal rising the most. The market breadth was skewed in the favour of the buyers. About 1,778 stocks rose, 379 declined, while 90 remained unchanged on the BSE.Top Movers On The Nifty 50 Index!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rSensex, Nifty Open Higher: Opening BellIndia's benchmark stock indices opened marginally higher on Tuesday after falling the most in over a week on Monday. At pre-open, the S&P BSE Sensex was up 149 points, or 0.23%, at 65,661.70 while the NSE Nifty 50 was 53 points or 0.27% higher at 19,565.60.Asian shares advanced following dovish comments on rates from Federal Reserve officials. Stocks in Australia, Hong Kong and South Korea all advanced. Japanese stocks outperformed the region with gains of more than 2%. Contracts of U.S. stocks edged higher in Asia after the S&P 500 advanced 0.6% Monday.On Monday, energy companies led gains in the S&P 500 as U.S. crude futures briefly topped $87 a barrel. Exxon Mobil Corp. and Chevron Corp. added over 2.7%. Defense companies rallied, with Northrop Grumman Corp. up the most since March 2020 and Lockheed Martin Corp. gaining 8.9%. American Airlines Group Inc. and Delta Air Lines Inc. fell more than 4%.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rSensex, Nifty Up In Pre-Market TradeAt pre-open, the S&P BSE Sensex was up 149 points, or 0.23%, at 65,661.70 while the NSE Nifty 50 was 53 points or 0.27% higher at 19,565.60.Source: BloombergYield On The 10-Year Declines The yield on the 10-year bond opened 3 bps lower at 7.35% on Tuesday.It closed at 7.38% on Monday.Source: BloombergRupee Strengthens Against The U.S. Dollar The local currency strengthened about 4 paise to open at 83.23 against the U.S dollar on Tuesday. It closed at 83.27 on Monday. Source: BloombergMost Asian Markets Trade HigherU.S. Treasuries Rose Most Since March After Dovish Comments From FedU.S. treasuries rose most since March post dovish comments from Fed officials and Israel-Hamas conflict; however, Nomura says that treasury 10-year yield is likely to stay under 5%.Yields on U.S. 10-year notes fell as much as 18 basis points to 4.62%. Two-year yields slipped 16 basis points to 4.93%.Source: BloombergU.S. defence stocks also advanced in trade on Monday as the war in middle-east escalates. !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rIT & PSUs Can See Uptick; Insurance & Pharma May Sulk: Trade Setup Global CuesU.S. Dollar Index at 106U.S. 10-year bond yield at 4.65%Brent crude down 0.09% at $88.07 per barrel Nymex crude down 0.13% at $86.27 per barrel GIFT Nifty was up 14 points or 0.07% at 19,614.5 as of 8:10 a.m. Bitcoin was up 0.12% at $27,609.50Asia Stocks To Follow U.S. Higher On Rate Optimism: Markets WrapTrading TweaksEx/Record Date Stock Split: Gujarat Themis Biosyn, Themis MedicareMove Into Short-Term ASM Framework: Godrej Industries, Polo Queen Industrial & Fintech, Vascon EngineersMove Out Of Short-Term ASM Framework: Gujarat Ambuja Exports, NelcastLife Insurers' September Revenue Falls As LIC Continues To DragPledge Share DetailsMangalore Chemicals & Fertilisers: Promoter Zuari Agro Chemicals created a pledge of 61.89 shares on Oct. 9.Chambal Fertilisers & Chemicals: Promoter Zuari Industries created a pledge of 56.9 lakh shares on Oct. 9.LIC's Market Share Tumbles By 10 Percentage Points In First Half Of FY24Block DealsAuthum Investment & Infrastructure: Nariman Investment Holdings sold, while Mentor Capital bought 52 lakh shares (3.06%) at Rs 398.7 apiece.Infibeam Avenues: Mayur Desai sold 60 lakh shares (0.22%), while Abhishek Mayur Desai bought 60 lakh shares (0.22%) at Rs 20.55 apiece.Indian Pharma Market Growth Slows In September As Volume FallsBulk DealsSaakshi Medtec & Panels: Ashish Kacholia bought 6.22 lakh shares (3.53%), while Hem Finlease sold 6.20 lakh shares (3.51%) at Rs 167.01 apiece.U.K. Envoys Head To India As Nations Seek To Conclude Trade DealStocks To Watch: Adani, Tata Steel, Indian Oil, Dr Reddy's, IDFC First Bank, Star Health, NHPC In FocusAdani Enterprises: The Adani Group has condemned the Financial Times for its "Malicious Campaign to Tarnish its Global Reputation." The company said in a statement that the Financial Times is deliberately recycling old allegations to support vested interests.Tata Steel: Fitch upgraded the steelmaker to BBB- from BB+ with a 'Stable' outlook. The upgrade follows a reduction in uncertainty and financial risk from its U.K. operations.Indian Oil: The company has appointed Anuj Jain as the Director (Finance) as of Oct. 9. Consequently, Sanjay Kaushal has ceased to be the CFO of the company.Dr Reddy's Laboratories: The company was named in an antitrust complaint filed in California court by Mayo Clinic and Lifepoint Corporate Services. It alleges improper restraining of competition and a shared monopoly in the sale of Revlimid.IDFC First Bank: The bank will sell its office premises in BKC, Mumbai, to NSDL for Rs 198 crore.Cummins India: The company’s Pune unit in MIDC Phaltan will be excluded from the SEZ scheme from Oct. 11. The unit shall continue to operate as a domestic tariff area plant.Container Corporation of India: Export-Import volumes rose 3.5% year on year to 9.7 lakh TEUs, and domestic volumes rose 26.13% to 2.61 lakh TEUs in the second quarter.Mazagon Dock Shipbuilders: The company has signed a Letter of Intent with a European client for the construction of six firm and four optional units of 7,500 DWT multi-purpose hybrid power vessels. The prices for the vessels would be decided after the signing of the contract.Star Health: The company gets a Rs 39 crore show cause cum demand notice from DGGI for for non-payment of GST on co-insurance premiums from July 2017 to March 2023.Phoenix Mills: Total consumption in Q2 of FY24 rose 20% year on year to Rs 2,637 crore. Retail collections rose 23% year on year to Rs 638 crore in the second quarter.Genus Power Infrastructures: The company's unit received two LoAs worth Rs 3,115 crore for the design of advanced metering infrastructure systems with the supply, installation, and commissioning of 34.8 lakh smart prepaid metres.Dilip Buildcon: The company has received a LoA for an order worth Rs 396.9 crore from Water Resources Zone, Udaipur. The EPC turnkey order is expected to be completed within 44 months. The order includes the planning, design, and construction of Dewas III and IV Dams in Tehsil-Gogunda Udaipur.Dhanuka Agritech: The company launches a new product named Semacia, which is a broad-spectrum insecticide against lepidopteran insect pests on a range of crops.Glenmark Life Sciences: The drugmaker has declared an interim dividend of Rs 22.50 per share for FY24. The record date will be Oct. 17, and the interim dividend will be paid by Oct. 23.GR Infra, Patel Engineering, NHPC: Dibang Power, a 50-50 JV of GR Infraprojects and Patel Engineering, has secured a contract with NHPC for a Rs 3,637.12 crore project. The project is for the construction of civil works including the Head Race Tunnel, Tail Race Tunnel, Pothead Yard, and Adits for the Dibang Multipurpose Project in Arunachal Pradesh.Pharma Stocks: The Indian pharma market reported low sales growth of 2.1% YoY in September, according to data from All Indian Origin Chemists and Distributors.Life Insurance stocks: Revenue of the life insurance industry declined by 16% YoY in September, according to the Life Insurance Council's data.Bhageria Industries: The company has received one turnkey international solar engineering, procurement, and construction (Solar EPC) project with comprehensive operation, maintenance, and water proofing at the APM terminal in Bahrain. The project, with a capacity of 11.40 MWp, has a total order value of Rs 104.49 crore. Hinduja In Talks With Private Debt Funds For About $800 MillionEarnings Post Market HoursKPI Green Energy (Consolidated, YoY)Revenue is up 34.55% at Rs 215.06 crore.Ebitda is up 34.86% at Rs 71.15 crore.Ebitda Margin at 33.08% vs. 33.01%Net profit is up 64.26% at Rs 34.74 crore.Adani Group Says FT 'Deliberately Recycling Malicious Allegations To Support Vested Interests'GIFT Nifty Signals Higher Opening For BenchmarksAsian shares advanced while following dovish comments on rates from Federal Reserve officials.Stocks in Australia, Japan, and South Korea all advanced. Hong Kong shares rose over 2% in early trade. Contracts of U.S. stocks were little changed in early hours in Asia after the S&P 500 advanced 0.6% Monday.On Monday, energy companies led gains in the S&P 500 as U.S. crude futures briefly topped $87 a barrel. Exxon Mobil Corp. and Chevron Corp. added over 2.7%.The yield on the 10-year U.S. bond was trading at 4.65%, and Bitcoin was above the $27,000 level. Brent crude was trading beyond $88 a barrel, whereas WTI crude was above the $86 mark.At 8:10 a.m., the GIFT Nifty, an early indicator of the Nifty 50 Index’s performance in India, was up 14 points, or 0.07%, at 19,614.5.India's benchmark stock indices declined through Monday as the fear of a wider conflict rose between Israel and Hamas. Banks, media, and metal sectors dragged down the indices. The Nifty was trading below the 19,600 level, whereas the Sensex slid below the 65,600 mark. The indices fell the most in a single day since Sept. 28.Overseas investors remained net sellers of Indian equities for the 14th consecutive session on Monday. While foreign portfolio investors offloaded stocks worth Rs 997.8 crore, domestic institutional investors mopped up equities worth Rs 2,661.3 crore, according to provisional data from the NSE.The Indian rupee ended at a record low against the U.S. dollar by weakening 2 paise to close at Rs 83.27.Stock Market Today: All You Need To Know Going Into Trade On Oct. 10. Read more on Markets by BloombergQuint.
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