← Go back Nov 11, 2023
FPIs Stay Net SellersOverseas investors remained net sellers of Indian equities for the 13th day in a row on Friday.Foreign portfolio investors offloaded stocks worth Rs 261.81 crore, according to provisional data from the National Stock Exchange.Domestic institutional investors remained net buyers and mopped up equities worth Rs 822.64 crore, the NSE data showed.Foreign institutions have been net buyers of Rs 90,165 crore worth of Indian equities so far in 2023, according to data from the National Securities Depository Ltd., updated till the previous trading day.!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;rYield On The 10-Year Bond Ends HigherThe yield on the 10-year bond closed 3 bps higher at 7.30% on FridaySource: 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;rIndian Rupee Pares Some Losses Against The US Dollar After Hitting All- Time Low The local currency weakened 5 paise to close at 83.34 against the U.S dollar on Friday. Intraday Rupee hits a fresh record low of 83.50 against the U.S. dollar.It closed at 83.29 on ThursdaySource: 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;rSensex, Nifty Close The Week Higher Despite Two-Day Fall: Market WrapIndia's benchmark stock indices advanced after falling through Friday, following the weakness in global peers.Globally risk appetite took a hit after Fed chair Jerome Powell warned interest rates may have to climb further, stunting a rally in stocks and bonds and sending investors back to the dollar. This saw the rupee hit fresh record low and the 10-year government bond yield to rise. On a weekly basis, the headline indices advanced for the second time. Sensex closed near 65,000 level over 400 points up from it's day's low, whereas Nifty 50 was above 19,400 mark, over 70 points from the lowest point of the day. "The Indian market texture indicates that the ‘buy on dips’ strategy will continue to work," said Dr. V K Vijayakumar, chief investment strategist at Geojit Financial Services.The S&P BSE Sensex closed up 73 points, or 0.11%, at 64,904.68 while the NSE Nifty 50 was 30 points or 0.15% higher at 19,425.35. Shares in Asia fell after Jerome Powell warned interest rates may have to climb further, stunting a rally in stocks and bonds and sending investors back to the dollar.All major equity gauges in the region were in the red, tracking a drop for the S&P 500 on Thursday. Hong Kong’s stocks were among the biggest losers after weak profit reports from chipmaker SMIC and casino operator Wynn Macau. The U.S. benchmark slipped 0.8%, ending eight days of gains — it’s best run since 2021. The Nasdaq 100 fell by the same margin, and contracts for the two U.S. indexes edged lower early Friday.Nifty rose 10.30% in Samvat 2079, whereas Sensex scaled 9.26%. Nifty Realty and Nifty Auto were the top gainers in the Samvat gone by. Nifty Realty advanced 54.68% and Nifty Auto gained 27.99%. "In Samvat 2080, financials are likely to do well supported by attractive valuations and impressive growth." added Dr V K Vijayakumar.Sustained FII selling in financials, which is impacting the sector, will be only temporary. For investors with a 2-year time horizon, the leading private banks and three or four PSU banks are good buys with good return potential, he added.!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;rHDFC Bank Ltd., NTPC Ltd., Axis Bank Ltd., ITC Ltd., and Bajaj Finance Ltd. were positively adding to the change in the Nifty 50 Index. Whereas, Mahindra & Mahindra Ltd., Infosys Ltd., Tata Consultancy Services Ltd., HCL Technologies Ltd., and Titan Co. 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 indices advanced for the second time on Friday. The S&P BSE Sensex rose 0.84% and NSE Nifty 50 was higher by 1.01% this week. Last week, the headline indices snapped two weeks of losses as the S&P BSE Sensex Index rose 0.91% and NSE Nifty 50 Index advanced by 0.96%. !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 sectors advanced this week with Nifty Pharma Index gaining over 4%, followed by Nifty Realty, and Nifty Metal. !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 markets outperformed; the S&P BSE MidCap Index was up 0.33%, whereas S&P BSE SmallCap Index was 0.38% higher.Thirteen out of the 20 sectors compiled by BSE advanced while seven declined. S&P BSE Utilities and S&P BSE Power rose the most. S&P BSE Auto fell the most. The market breadth was skewed in the favour of the buyers. About 1,924 stocks rose, 1,764 declined, while 132 remained unchanged on the BSE.Nifty Smallcap 250 Index gained 35.07%, whereas Nifty Midcap 150 was up 30.27% in Samvat 2079. "The mid and small-cap rally is partly driven by retail exuberance and since the valuations in this broader market is high, investors have to exercise some caution," added Dr. V K Vijayakumar. !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;rHindalco Industries Shares Fall As Q2 Profit DeclinesCons revenue at Rs 54,169 crore vs Rs 56,176 crore, down 3.6% YoYCons ebitda at Rs 5,612 crore vs Rs 5,362 crore, up 4.7% YoYCons margin at 10.36% vs 9.54%, up 81 bps YoYCons reported profit at Rs 2,196 crore vs Rs 2,205 crore, down 0.4% YoY!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 Trade LowerIpca Laboratories Q2 FY24 (Consolidated, YoY)Cons revenue at Rs 2,034 crore vs Rs 1,601 crore, up 27% YoY Cons ebitda at Rs 321.3 crore vs Rs 260.6 crore, up 23.3% YoY Cons margin at 15.79% vs 16.28%, down 48 bps YoY Cons reported profit at Rs 145.1 crore vs Rs 143.9 crore, up 0.8% YoYShyam Metalics Q2 FY24 (Consolidated, Yoy)Cons revenue at Rs 2,941 crore vs Rs 3,085 crore, down 4.7% YoY Cons Ebitda at Rs 307 crore vs Rs 244 crore, up 26.1% YoY Cons margin at 10.44% vs 7.89%, up 254 bps YoYCons net profit at Rs 482 crore vs Rs 111 crore YoYBQPrime Newsbreak Confirmed Reliance Industries allots Rs 20,000 cr 10-year bonds at 7.79%.Source: Exchange FilingEngineers India Shares Jump Over 8% After Q2 Profit Beats EstimatesShares of Engineers India Ltd. jumped on Friday after the company's net profit beat analyst estimates for the September quarter.Consolidated net profit for the reporting quarter rose 69.5% year-on-year to Rs 127.5 crore, even as the revenue fell 0.4% to Rs 789.8 crore. Engineers India Q2 FY24 Highlights (Consolidated, YoY)Revenue down 0.4% at Rs 789.8 crore vs Rs 793.1 crore (Bloomberg estimate: Rs 911.7 crore).Ebitda up 2.2 times at Rs 98.6 crore vs Rs 44.9 crore (Bloomberg estimate: Rs 84.5 crore).Margin at 12.48% vs 5.66% (Bloomberg estimate: 9.3%).Reported profit up 69.5% at Rs 127.5 crore vs Rs 75.2 crore (Bloomberg estimate: Rs 112.8 crore).Shares of the company rose as much as 8.6%, before paring gains to trade 6.2% higher at 1:04 p.m., compared to a 0.05% advance in the NSE Nifty 50.The stock has risen 73.7% on a year-to-date basis. Volume of shares traded also surged more than seven times that of Thursday to 1.98 crore shares. Total traded volume so far in the day stood at 9.8 times its 30-day average. The relative strength index was at 56.07.Of the nine analysts tracking the company, five maintain a 'buy' rating, three recommend a 'hold,' and one suggests a 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 10%.Yield On The 10-Year Rises The yield on the 10-year bond was trading 2 bps higher at 7.30% as of 1:23 a.m. on Friday.It closed at 7.28% on Thursday.Source: BloombergRupee Weakens The Most In A Single-Day Since Sept. 5, 2023!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;rVolume Buzzers As Of 1:02 IFB Industries at 44.6x its 30 day averageCampus Activewear at 7.72x its 30 day averageVijaya Diagnostic Centre at 6.64x its 30 day averageQuess Corp at 6.27x its 30 day averageEngineer India 5.23x its 30 day averageVijaya Diagnostic Centre Jumps Over 10% To Hit Record HighVijaya Diagnostic Centre rose 10.64% to 653.80 apiece, a 52-week high. It pared losses to trade 8.09% higher at Rs 638.70 apiece, as of 12:41 a.m. This compares to a 0.02% decline in the NSE Nifty 50 Index.It has risen 46.28% on a year-to-date basis. Total traded volume so far in the day stood at 12 times its 30-day average. The relative strength index was at 73.1. Out of 6 analysts tracking the company, 3 maintain a 'buy' rating, 2 recommend a 'hold,' and 1 suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 41.5%M&M Profit Rises 67% YoY In Q2 FY24Revenue at Rs 25,773 crore vs Rs 22,105 crore, up 16.6% YoY Ebitda at Rs 4,397 crore vs Rs 3,539 crore, up 24.3% YoY Margin at 17.06% vs 16%, up 105 bps YoY Reported PAT at Rs 3451.88 crore vs Rs 2068 crore, up 66.9% YoYSensex, Nifty Trade Marginally Lower As Infosys, TCS Drag: Midday Market UpdateIndia's benchmark stock indices were trading marginally lower through Friday as the local currency hit its lowest-ever level against the U.S. dollar and 10-year government securities also rose. Metal sector rose while media and I.T. sector fell the most.Sensex was trading below 64,800 level over 200 points up from it's day's low, whereas Nifty 50 was below 19,400 mark, nearly 50 points from the lowest point of the day. "Concerns are mounting as FIIs continue their persistent selling, potentially jeopardizing Nifty's positive outlook. Additionally, Jerome Powell's hawkish comments, signaling the possibility of further interest rate hikes in response to persistent inflation and robust economic growth, could lead to instability in today's trading," as per Prashanth Tapse, senior vice president (research), Mehta Equities Ltd. As of 12:36 p.m., the S&P BSE Sensex was down 56 points, or 0.09%, at 64,776.33 while the NSE Nifty 50 was 11 points or 0.06% lower at 19,384.30. "The earlier multi month support of 19,250 will act as support and the gap levels left at the lower range will be key from current levels," Vikas Jain, senior research analyst at Reliance Securities, said.After breaching it's all-time low, the rupee fell further to hit fresh record low level of 83.335 against the U.S dollar. "The moment the Reserve Bank of India stopped intervening, USDINR went up. If rupee crosses 83.35 a dollar level, it will go up only," Vivek Shah, a dealer from LCRaheja Forex said. "Oil importers are buying (dollars), that pressure is also there. It's panic buying which is going on."!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;rShares in Asia fell after Jerome Powell warned interest rates may have to climb further, stunting a rally in stocks and bonds and sending investors back to the dollar.All major equity gauges in the region were in the red, tracking a drop for the S&P 500 on Thursday. Hong Kong’s stocks were among the biggest losers after weak profit reports from chipmaker SMIC and casino operator Wynn Macau. The U.S. benchmark slipped 0.8%, ending eight days of gains — it’s best run since 2021. The Nasdaq 100 fell by the same margin, and contracts for the two U.S. indexes edged lower early Friday.!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;rHDFC Bank Ltd., Larsen & Toubro Ltd., Bajaj Finance Ltd., NTPC Ltd., and Adani Ports & SEZ Ltd. were positively adding to the change in the Nifty 50 Index. Whereas, Infosys Ltd., Tata Consultancy Services Ltd., Mahindra & Mahindra Ltd., HCL Technologies Ltd., and Reliance Industries 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 markets were trading marginally higher; the S&P BSE MidCap Index was up 0.08%, whereas S&P BSE SmallCap Index was 0.34% higher.Nine out of the 20 sectors compiled by BSE declined while eleven advanced. S&P BSE Teck and S&P BSE Information Technology fell the most. S&P BSE Metal rose the most. The market breadth was skewed in the favour of the buyers. About 1,877 stocks rose, 1,645 declined, while 155 remained unchanged on the BSE.EClerx Services Shares Jump 7% As Q2 Results Above ExpectationsShares of eClerx Services Ltd rose as much as after the company's net profit and revenue for the September quarter was higher than what analysts had expected.The company's net profit rose 27.6% on quarter to Rs 136 Crore on a 5.4% revenue increase to Rs 722 crore.eClerx Services Q2 FY24 (Consolidated, QoQ)Revenue up 5.4% at Rs 722 crore vs Rs 684 crore (Bloomberg estimate: Rs 705.5 crore).EBIT up 25.6% at Rs 174 crore vs Rs 139 crore (Bloomberg estimate: Rs 155.5 crore).EBIT margin at 24.17% vs 20.28% (Bloomberg estimate: 22.04%).Reported profit up 27.6% at Rs 136 crore vs Rs 107 crore (Bloomberg estimate: Rs 117.8 crore).eClerx Services Ltd. shares fell as much 6.8% today to hit Rs 2,195, its highest level since Oct. 13, 2023. The share price pared some gains 4% higher at Rs 2,140.55 as of 11.29 a.m. It has risen 67% on a year-to-date basis. Total traded volume so far in the day stood at 5.2 times its 30-day average. The relative strength index was at 65.58.Out of 9 analysts tracking the company, 8 maintain a 'buy' rating, and 1 recommend a 'hold,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 2.7%.Volume Buzzers As Of 11:40 A.M. IFB Industries at 41.3x its 30-day averageCampus Activewear at 6.5x its 30-day averageQuess Corp at 5.6x its 30-day averageMuthoot Finance at 4.7x its 30-day averageEngineers India at 4.5x its 30-day averageSource: CogencisIndian Rupee Records New Lowest-Ever Level Of 83.34 Against The U.S Dollar The local currency depreciated 5 paise to all time lowest level of 83.34 against the U.S. dollar on Friday.It closed at 83.29 on Thursday.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;rCampus Activewear Shares Slump To Record Low As Q2 Profit FallsCampus Activewear Ltd's share prices slumped to a record low since its listing in May 2022 after the company's profit declined 97.8% in the second quarter.The athleisure shoemaker's profit fell to Rs. 0.32 crore in Jul-Sep from Rs. 14.54 crore in the preceding quarter. The profit figure is came below Bloomberg's estimate Rs. 26.4 crore for the quarter.The scrip slumped -9.92% to 237.80 apiece, the lowest level since its listing on the stock exchanges on May 9, 2022.It erased some losses to trade -3.41% lower at Rs 255.0 apiece, as of 11:17 a.m. This compares to a 0.2% decline in the NSE Nifty 50 Index.It has fallen -39.9% on a year-to-date basis. Total traded volume so far in the day stood at 20 times its 30-day average. The relative strength index was at 22.24.Out of 7 analysts tracking the company, 5 maintain a 'buy' rating, 1 recommend a 'hold,' and 1 suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an downside/upside of -52.0%.Tata Consumer Has 10.1 Lakh Shares Change Hands 10.1 lakh shares changed hands in a large trade0.11% equity changed hands at Rs 901.80 apiece Buyers and sellers not known immediatelySource: BloombergCarTrade Tech Shares Rise Over 13% To Hit 52-Week High Shares of CarTrade Tech Ltd. rose as much as 13.23% to Rs 824.95 apiece to a 52-week high. It pared gains to trade 12.36% lower at Rs 818.60 apiece, as of 11:07 a.m. This compares to a 0.17% decline in the NSE Nifty 50 Index.It has risen 74.54% on a year-to-date basis. Total traded volume so far in the day stood at 24 times its 30-day average. The relative strength index was at 82, implying that the stock maybe overbought.Out of the seven analysts tracking the company, six maintain a 'buy' rating, none recommend a 'hold,' and one suggests 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an downside of 10.6%.!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;rCarTrade Tech Shares Jump Over 13% To Hit 52-Week HighShares of CarTrade Tech Ltd. rose as much as 13.23% to Rs 824.95 apiece to a 52-week high. It pared gains to trade 12.36% lower at Rs 818.60 apiece, as of 11:07 a.m. This compares to a 0.17% decline in the NSE Nifty 50 Index.It has risen 74.54% on a year-to-date basis. Total traded volume so far in the day stood at 24 times its 30-day average. The relative strength index was at 82, implying that the stock maybe overbought.Out of the seven analysts tracking the company, six maintain a 'buy' rating, none recommend a 'hold,' and one suggests 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an downside of 10.6%.Auto Wholesale Sales In October (YoY) Passenger vehicle sales rise 16% to 3,89,714 unitsTwo-wheeler sales grew 20% to 18.96 lakh unitsThree-wheeler sales rose 42% to 76,940 unitsSource: SIAMPetronet LNG Has 61 Lakh Shares Change Hands 61 lakh shares changed hands in two large trades0.4% equity changed hands at price range of Rs 193.45 to Rs 194.05 apiece Buyers and sellers not known immediatelySource: BloombergHindustan Aeronautics Incorporates New Joint VentureIncorporates JV with Safran Helicopter Engines for helicopter engines.Source: Exchange FilingJubilant Foodworks's Karnataka Commissary Begins ProductionKarnataka commissary commences commercial production on Nov. 9, 2023.Source: Exchange Filing ESAF Small Finance Bank Lists At Rs 71/Share On NSE ESAF Small Finance Bank lists at Rs 71 apiece on NSE vs issue price of Rs 60 at a premium of 18.33%ESAF Small Finance Bank lists at Rs 71.9 apiece on BSE vs issue price of Rs 60 at a premium of 19.83%Source: ExchangesSubros Jumps Over 7% To A Two-Month High After Clocking Highest-Ever Revenue In Q2Shares of Subros Ltd. advanced after its profit rose over 2.75 times, beating analysts estimates in the September quarter of the fiscal 2024. The company also reported highest-ever quarterly revenue of Rs 813.4 crore, as compared to analyst estimates of Rs 768.5 crore.The company reported a consolidated net profit of Rs 26.8 crore on a year-over-year basis in the July to September quarter, according to its exchange filing. This compares to an estimated profit of Rs 20.4 crore, according to the analysts pooled by Bloomberg. Subros Q2 FY24 (Consolidated, YoY)Revenue up 17% at Rs 813.4 crore vs Rs 695 crore (Bloomberg estimate: Rs 768.5 crore).Ebitda up 77.7% at Rs 70.2 crore vs Rs 39.5 crore.Margin at 8.63% vs 5.68%.Reported profit up 2.75 times at Rs 26.8 crore vs Rs 9.7 crore (Bloomberg estimate: Rs 20.4 crore).The scrip rose as much as 7.43% to 425 apiece, the highest level since Sept. 5. It pared gains to trade 4.28% higher at Rs 412.55 apiece, as of 10:06 a.m. This compares to a 0.28% decline in the NSE Nifty 50 Index.It has risen 38% on a year-to-date basis. Total traded volume so far in the day stood at 20 times its 30-day average. The relative strength index was at 64. Out of four analysts tracking the company, two maintain a 'buy' rating, two recommend a 'hold,' and none suggest 'sell,' according to Bloomberg data.Muthoot Finance Shares Drop Over 7% As Q2 Profit Misses EstimatesShares of Muthoot Finance Ltd. fell after its second quarter profit rose but missed analysts' estimates.The lender's standalone net profit rose 14.3% year-on-year to Rs 991 crore in the quarter ended September, according to an exchange filing. Analysts polled by Bloomberg had estimated a standalone net profit of Rs 1,057.8 crore.Sequentially, it rose 2%. The company's total income stood at Rs 3,074 crore, up 23% year-on-year.The loan assets under management were up 21% year-on-year to Rs 69,002 crore.Muthoot Finance Q2 Profit Up, Zee Entertainment Revenue Rises — Earnings WrapMuthoot Finance Q2 FY24 (Standalone)Total income up 22.8% at Rs 3,073.6 crore vs Rs 2,503.6 crore (YoY).Reported profit up 14.3% at Rs 990.9 crore vs Rs 867.2 crore (YoY) (Bloomberg estimate: Rs 1,057.8 crore).Stage 3 gross loan assets at 4.01% vs 4.26% (QoQ).Stage 3 net loan assets at 3.59% vs 3.82% (QoQ).The scrip fell as much as 7.41% to Rs 1.216 apiece, the lowest level since Oct. 10. It pared losses to trade 5.88% lower at Rs 1,236 apiece, as of 9:48 a.m. This compares to a 0.22% decline in the NSE Nifty 50 Index.It has risen 16.35% on a year-to-date basis. Total traded volume so far in the day stood at 21 times its 30-day average. The relative strength index was at 40.Out of the 24 analysts tracking the company, 15 maintain a 'buy' rating, five recommend a 'hold,' and four suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 14.6%.!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 Open MixedThe broader markets opened mixed; the S&P BSE MidCap Index was up 0.11%, whereas S&P BSE SmallCap Index was 0.17% lower.Sixteen out of the 20 sectors compiled by BSE declined while four advanced. S&P BSE Oil and Gas fell the most. The market breadth was skewed in the favour of the buyers. About 1,429 stocks rose, 1,115 declined, while 115 remained unchanged on the BSE.Nifty Auto, Pharma Lead Declines!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;rTop 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 Lower: Opening BellIndia's benchmark stock indices opened lower on Friday following the weakness in Asian peers. At pre-open, the S&P BSE Sensex was down 76 points, or 0.12%, at 64,756.11 while the NSE Nifty 50 was 43 points or 0.22% lower at 19,351.85. "The earlier multi month support of 19,250 will act as support and the gap levels left at the lower range will be key from current levels," Vikas Jain, senior research analyst at Reliance Securities, said. Shares in Asia fell after Jerome Powell warned interest rates may have to climb further, stunting an advance in stocks and bonds, sending investors back to the dollar.Shares fell in Australia, Japan and South Korea while equity benchmarks for Hong Kong also declined in moves that tracked a drop for the S&P 500 on Thursday. The U.S. benchmark slipped 0.8%, ending eight days of gains — it’s best run since 2021. The Nasdaq 100 fell by the same margin, and contracts for the two U.S. indexes edged lower early Friday. Sensex, Nifty Drop In Pre-Market TradeAt pre-open, the S&P BSE Sensex was down 76 points, or 0.12%, at 64,756.11 while the NSE Nifty 50 was 43 points or 0.22% lower at 19,351.85. Source: BloombergBajaj Finance's Board Approves Rs 8,797 Crore Worth QIP IssueBoard approves issue of 1.21 crore shares at Rs 7,270 per share via qualified institutional placement of shares.Source: Exchange filingYield On The 10-Year Flat The yield on the 10-year bond opened flat at 7.29% on Friday.Source: BloombergRupee Opens Flat Against The U.S. Dollar The local currency opened flat at 83.28 against the U.S dollar on Friday. Source: BloombergAsian Markets Trade LowerGlobal CuesU.S. Dollar Index at 105.9U.S. 10-year bond yield at 4.48%Brent crude unchanged at $80.01 per barrel Nymex crude down 0.11% at $75.66 per barrel GIFT Nifty was down 35 points of 0.18% at 19,387 as of 8:15 a.m. Bitcoin was up 0.27% at $36,639.35Asia Markets Under Pressure After Treasuries Slip : Markets WrapTrading TweaksPrice band revised from 20% to 10%: IFGL Refractories.Ex/record date dividend: 360 One WAM, Amara Raja Energy & Mobility, CARE Ratings, Dabur, Indian Metals & Ferro Alloys, Insecticides (India), Indian Oil Corp, Indian Railway Finance Corp, Navine Flourine International, NIIT, Petronet LNG, Safari Industries, Surya Roshni.Ex/record date special dividend: ADF Foods, Navine Flourine International.Ex/record date stock split: MK Proteins.Move out of short term ASM framework: GOCL Corp, Indo Count Industries, Swan Energy.Insider TradesISMT: Promoter group Kirloskar Industries bought 12,909 shares on Nov. 8.Linc: Promoter group Ekta Jalan and Divya Jalan bought 3,500 and 4,000 shares respectively on Nov. 7 and Nov. 8 respectively.Muthoot Finance Q2 Results: Profit Rises 14.3%, But Misses EstimatesBlock DealsReliance Industries: The Master Trust Bank of Japan bought 3.47 lakh shares and Copthall Mauritius Investment sold 3.47 lakh shares at Rs 2,335.9 apiece.Bulk DealsAegis Logistics: Smallcap World Fund sold 18.26 lakh shares (0.52%) at Rs 294 apiece.Orient Green Power Co: Axis Trustee Services sold 1 crore shares (1.01%) at Rs 17.43 apiece.Stocks To Watch: Tata Motors, Infosys, Zee, ICICI Bank, HAL, Muthoot Finance, Piramal In FocusTata Motors: Moody's Investors Service upgraded the company's rating from B1 to Ba3. Moody's also upgraded the company's senior unsecured instrument ratings from B1 to Ba3 and has maintained a positive outlook on all ratings.Tata Steel Long Products: Trading of company shares on NSE to be suspended w.e.f. Nov. 17 on account of Tata Steel mergerZee Entertainment Enterprises: The company has not commented on speculations about Puneet Goenka's role in the merger being under contention. The company recognises the value of the merger with Sony India and is committed to ensuring all parts of the scheme are addressed.Hindustan Aeronautics: The company inked a contract with Airbus for establishing a civil MRO facility for A-320 aircraft at Nashik.G R Infraprojects: The company emerged as an L-1 bidder for a project worth Rs 200 crore from RITES to construct a passenger ropeway in Jammu and Kashmir.Garden Reach Shipbuilders & Engineers: The company received a letter of intent from NCPOR for the award of a contract towards the construction and delivery of an ocean research vessel. The total contract value is approximately Rs 840 crore.Shoppers Stop: Unit Global SS Beauty Brands invested Rs 4 crore in Pahadi Goodness by way of subscription to 40,000 optionally convertible debentures, representing 33.33% of the equity share capital. The unit has the option to acquire an additional 17.67% of the equity capital in June 2025.ICICI Bank: The private lender received an RBI nod to make ICICI Securities a wholly owned subsidiary.Infosys: The company will collaborate with U.S.-based Better Home & Finance to offer mortgages as a service. The companies will offer an AI-driven mortgage white-label platform for banks and credit unions.Blue Jet Healthcare: Maharashtra Pollution Control Board issued a closure direction for the Mahad MIDC unit under water and air pollution laws. The company cannot resume manufacturing activity until further orders from MPCB are received.Mphasis: The company's unit, Blink UX, will update NASA's digital platforms.World’s Largest Bank Hit By Ransomware Gang Linked To Boeing, Ion AttacksNew ListingESAF Small Finance Bank: The shares will debut on the stock exchanges on Friday at an issue price of Rs 60. The Rs 463-crore IPO was subscribed 73.15 times on the final day. Bids were led by institutional investors (173.52 times), non-institutional investors (84.37 times), retail investors (16.97 times) and portion reserved for employee (4.36 times).Adani Enterprises Plans Over Rs 13,000-Crore Investment In Data CentresEarnings Post Market HoursMuthoot Finance Q2 FY24 (Standalone)Total income up 22.8% at Rs 3,073.6 crore vs Rs 2,503.6 crore (YoY).Reported profit up 14.3% at Rs 990.9 crore vs Rs 867.2 crore (YoY) (Bloomberg estimate: Rs 1,057.8 crore).Stage 3 gross loan assets at 4.01% vs 4.26% (QoQ).Stage 3 net loan assets at 3.59% vs 3.82% (QoQ).Orient Cement Q2 FY24 (YoY)Revenue up 17.1% at Rs 720.6 crore vs Rs 615.3 crore (Bloomberg estimate: Rs 707.6 crore).Ebitda up 2.66 times at Rs 86.5 crore vs Rs 32.5 crore (Bloomberg estimate: Rs 93.9 crore).Margin at 12.01% vs 5.29% (Bloomberg estimate: 13.30%).Reported profit at Rs 24.6 crore vs loss of Rs 9.5 crore (Bloomberg estimate: Rs 33.12 crore).Zee Entertainment Enterprises Q2 FY24 (Consolidated, YoY)Revenue up 20.5% at Rs 2,437.8 crore vs Rs 2,023.9 crore (Bloomberg estimate: Rs 2,166.9 crore).Ebitda up 5.7% at Rs 332.8 crore vs Rs 315 crore (Bloomberg estimate: Rs 251.2 crore).Margin at 13.64% vs 15.56% (Bloomberg estimate: 11.6%).Reported profit up 8.9% at Rs 123 crore vs Rs 112.9 crore (Bloomberg estimate: Rs 113.7 crore). Aurobindo Pharma Q2 FY24 (Consolidated, YoY)Revenue up 25.8% at Rs 7,219 crore vs Rs 5,739 crore (Bloomberg estimate: Rs 6,767.96 crore).Ebitda up 73.7% at Rs 1,403 crore vs Rs 837 crore (Bloomberg estimate: Rs 1,188.8 crore).Margin at 19.43% vs 14.58% (Bloomberg estimate: 17.6%).Reported profit up 83.2% at Rs 752 crore vs Rs 410 crore (Bloomberg estimate: Rs 623.1 crore).Campus Activewear Q2 FY24 (YoY)Revenue down 22.4% at Rs 259 crore vs Rs 333 crore (Bloomberg estimate: Rs 353.3 crore).Ebitda down 43.4% at Rs 24.6 crore vs Rs 43.5 crore (Bloomberg estimate: Rs 60.33 crore).Margin at 9.5% vs 13.04% (Bloomberg estimate: 17.10%).Reported profit down 97.8% at Rs 0.32 crore vs Rs 14.54 crore (Bloomberg estimate: Rs 26.4 crore). GMM Pfaudler Q2 FY24 (Consolidated, YoY)Revenue up 20.2% at Rs 938 crore vs Rs 780 crore.Ebitda up 19.6% at Rs 142 crore vs Rs 119 crore.Margin at 15.14% vs 15.21%.Reported profit down 27.5% at Rs 70.3 crore vs Rs 96.9 crore. Piramal Enterprises Q2 FY24 (Consolidated)Total income up 12.7% at Rs 2,205.2 crore vs Rs 1,956.2 crore (YoY).Reported profit at Rs 48.2 crore vs loss of Rs 1,536.4 crore (YoY) (Bloomberg estimate: Rs 236.6 crore).Gross NPA at 2.74% vs 2.79% (QoQ).Net NPA at 1.48% vs 1.47% (QoQ). Star Cement Q2 FY24 (Consolidated, YoY)Revenue down 1.4% at Rs 585 crore vs Rs 593 crore (Bloomberg estimate: Rs 592.7 crore).Ebitda up 41.5% at Rs 98.57 crore vs Rs 69.67 crore (Bloomberg estimate: Rs 90.5 crore).Margin at 16.84% vs 11.74% (Bloomberg estimate: 15.30%).Reported profit up 30.9% at Rs 40.7 crore vs Rs 31.1 crore (Bloomberg estimate: Rs 49 crore). NBCC India Q2 FY24 (Consolidated, YoY)Revenue down 1% at Rs 2,053 crore vs Rs 2,074 crore.Ebitda down 27.9% at Rs 95.5 crore vs Rs 133 crore (Bloomberg estimate: Rs 80.1 crore).Margin at 4.65% vs 6.39%.Reported profit down 16.2% at Rs 81.9 crore vs Rs 97.7 crore (Bloomberg estimate: Rs 93.2 crore). GlaxoSmithKline Pharma Q2 FY24 (Consolidated, YoY)Revenue up 4.4% at Rs 957 crore vs Rs 917 crore (Bloomberg estimate: Rs 912.9 crore).Ebitda up 12.7% at Rs 289.5 crore vs Rs 257 crore (Bloomberg estimate: Rs 226.4 crore).Margin at 30.25% vs 28.02% (Bloomberg estimate: 24.80%).Reported profit up 12.5% at Rs 216 crore vs Rs 193 crore (Bloomberg estimate: Rs 180.2 crore). RVNL Q2 FY24 (Consolidated, YoY)Revenue up 0.1% at Rs 4,914 crore vs Rs 4,909 crore.Ebitda down 5.6% at Rs 298.3 crore vs Rs 316 crore.Margin at 6.06% vs 6.43%.Reported profit up 3.5% at Rs 394.4 crore vs Rs 381.2 crore. Torrent Power Q2 FY24 (Consolidated, YoY)Revenue up 3.5% at Rs 6,961 crore vs Rs 6,703 crore (Bloomberg estimate: Rs 7,333.7 crore).Ebitda up 4.9% at Rs 1,221 crore vs Rs 1,164 crore (Bloomberg estimate: Rs 1,244.8 crore).Margin at 17.54% vs 17.36% (Bloomberg estimate: 17%).Reported profit up 12.1% at Rs 543 crore vs Rs 484 crore (Bloomberg estimate: Rs 533.7 crore). Subros Q2 FY24 (Consolidated, YoY)Revenue up 17% at Rs 813.4 crore vs Rs 695 crore (Bloomberg estimate: Rs 768.5 crore).Ebitda up 77.7% at Rs 70.2 crore vs Rs 39.5 crore.Margin at 8.63% vs 5.68%.Reported profit up 2.75 times at Rs 26.8 crore vs Rs 9.7 crore (Bloomberg estimate: Rs 20.4 crore). Astrazeneca Pharma Q2 FY24 (YoY)Revenue up 31.7% at Rs 311 crore vs Rs 236 crore.Ebitda up 29.3% at Rs 52.8 crore vs Rs 40.7 crore.Margin at 16.96% vs 17.23%.Reported profit up 60.8% at Rs 52.4 crore vs Rs 32.6 crore. Dish TV India Q2 FY24 (Consolidated, YoY)Revenue down 19.7% at Rs 479 crore vs Rs 596 crore.Ebitda down 37.6% at Rs 195 crore vs Rs 313 crore.Margin at 40.77% vs 52.47%.Reported profit down 75.5% at Rs 5.4 crore vs Rs 22 crore. NCC Q2 FY24 (Consolidated, YoY)Revenue up 39.9% at Rs 4,719.61 crore vs Rs 3,373.43 crore (Bloomberg estimate: Rs 4,643.2 crore).Ebitda down 2.1% at Rs 303.74 crore vs Rs 310.13 crore.Margin at 6.43% vs 9.19%.Reported profit down 37.1% at Rs 86.5 crore vs Rs 137.5 crore (Bloomberg estimate: Rs 194.8 crore). Dhanlaxmi Bank Q2 FY24Interest income up 4% at Rs 121 crore vs Rs 116 crore (YoY).Reported profit up 46% at Rs 23.2 crore vs Rs 15.9 crore (YoY).Gross NPA at 5.36% vs 5.21% (QoQ).Net NPA at 1.29% vs 1.09% (QoQ). HealthCare Global Q2 FY24 (Consolidated, YoY)Revenue up 15.9% at Rs 486 crore vs Rs 419 crore (Bloomberg estimate: Rs 481.26 crore).Ebitda up 13.2% at Rs 83.6 crore vs Rs 73.9 crore (Bloomberg estimate: Rs 83.3 crore).Margin at 17.21% vs 17.62% (Bloomberg estimate: 17.3%).Reported profit up two times at Rs 10.8 crore vs Rs 5.3 crore (Bloomberg estimate: Rs 18.3 crore). Suven Pharma Q2 FY24 (Consolidated, YoY)Revenue down 17% at Rs 231 crore vs Rs 278 crore (Bloomberg estimate: Rs 302.5 crore).Ebitda down 1.9% at Rs 97.9 crore vs Rs 99.9 crore (Bloomberg estimate: Rs 125.4 crore).Margin at 42.39% vs 35.87% (Bloomberg estimate: 41.5%).Reported profit up 10.4% at Rs 79.6 crore vs Rs 72.1 crore (Bloomberg estimate: Rs 91.3 crore). BEML Q2 FY24 (Consolidated, YoY)Revenue up 13.9% at Rs 917 crore vs Rs 805 crore.Ebitda up 47% at Rs 61.5 crore vs Rs 41.8 crore.Margin at 6.7% vs 5.19%.Reported profit up 3.2 times at Rs 51.8 crore vs Rs 16.3 crore. Engineers India Q2 FY24 (Consolidated, YoY)Revenue down 0.4% at Rs 789.8 crore vs Rs 793.1 crore (Bloomberg estimate: Rs 911.7 crore).Ebitda up 2.2 times at Rs 98.6 crore vs Rs 44.9 crore (Bloomberg estimate: Rs 84.5 crore).Margin at 12.48% vs 5.66% (Bloomberg estimate: 9.3%).Reported profit up 69.5% at Rs 127.5 crore vs Rs 75.2 crore (Bloomberg estimate: Rs 112.8 crore). Fineotex Chemicals Q2 FY24 (Consolidated, YoY)Revenue up 8.2% at Rs 145 crore vs Rs 134 crore.Ebitda up 52.3% at Rs 38.2 crore vs Rs 25.1 crore.Margin at 26.29% vs 18.67%.Reported profit up 51.6% at Rs 31.5 crore vs Rs 20.8 crore. Hindustan Construction Co. Q2 FY24 (Consolidated, YoY)Revenue down 18.8% at Rs 1,833 crore vs Rs 2,257 crore.Ebitda down 25.7% at Rs 254 crore vs Rs 341 crore.Margin at 13.84% vs 15.12%.Reported profit down 98% at Rs 6.3 crore vs Rs 310 crore. Signatureglobal India Q2 FY24 (Consolidated, YoY)Revenue down 20.4% at Rs 98.5 crore vs Rs 123.7 crore.Ebitda loss at Rs 30.5 crore vs loss of Rs 91.8 crore.Reported loss at Rs 19.9 crore vs loss of Rs 59.2 crore. eClerx Services Q2 FY24 (Consolidated, QoQ)Revenue up 5.4% at Rs 722 crore vs Rs 684 crore (Bloomberg estimate: Rs 705.5 crore).EBIT up 25.6% at Rs 174 crore vs Rs 139 crore (Bloomberg estimate: Rs 155.5 crore).EBIT margin at 24.17% vs 20.28% (Bloomberg estimate: 22.04%).Reported profit up 27.6% at Rs 136 crore vs Rs 107 crore (Bloomberg estimate: Rs 117.8 crore).Force Motors Q2 FY24 (Consolidated, YoY)Revenue up 42.5% at Rs 1,802 crore vs Rs 1,264 crore.Ebitda up 2.3 times at Rs 225 crore vs Rs 99.2 crore.Margin at 12.48% vs 7.84%.Reported profit up 4.9 times at Rs 93.9 crore vs Rs 19.3 crore. Parag Milk Foods Q2 FY24 (Consolidated, YoY)Revenue up 20.1% at Rs 798 crore vs Rs 665 crore.Ebitda up 39.2% at Rs 52.8 crore vs Rs 37.9 crore.Margin at 6.61% vs 5.7%.Reported profit up 2.2 times at Rs 25.2 crore vs Rs 11.4 crore. Hinduja Global Solutions Q2 FY24 (Consolidated, QoQ)Revenue up 4.1% at Rs 1,180 crore vs Rs 1,133 crore.Ebitda up 26.9% at Rs 97.5 crore vs Rs 76.8 crore.Margin at 8.26% vs 6.77%.Reported profit up 10.8% at Rs 18.4 crore vs Rs 16.6 crore. General Insurance Corp Q2 FY24 (Standalone)Total income up 6.5% at Rs 12,307 crore vs Rs 11,552 crore (YoY).Net profit down 13.7% at Rs 1,605 crore vs Rs 1,860 crore (YoY).Gross NPA at 2.18% vs 2.25% (QoQ).Net NPA nil.Aditya Birla Fashion Q2 FY24 (Consolidated, YoY)Revenue up 4.9% at Rs 3,226.4 crore vs Rs 3,074.6 crore.Ebitda down 18.5% at Rs 323.3 crore vs Rs 396.7 crore.Margin at 10.02% vs 12.9%.Reported loss at Rs 200.3 crore vs profit of Rs 29.4 crore. G R Infraprojects Q2FY24 (Consolidated, YoY)Revenue down 11.9% at Rs 1,882.8 crore vs Rs 2,136.4 crore.Ebitda down 22.3% at Rs 467.1 crore vs Rs 601.4 crore.Margin at 24.8% vs 28.15%.Reported profit down 35.3% at Rs 217.6 crore vs Rs 336.2 crore. TVS Srichakra Q2FY24 (Consolidated, YoY)Revenue down 11.3% at Rs 739.7 crore vs Rs 833.5 crore.Ebitda up 9.6% at Rs 90.6 crore vs Rs 82.7 crore.Margin at 12.25% vs 9.92%.Reported profit up 2.25% at Rs 39.05 crore vs Rs 38.19 crore. Graphite India Q2FY24 (Consolidated, YoY)Revenue down 3.9% at Rs 793 crore vs Rs 825 crore (Bloomberg estimate: Rs 590.4 crore).Ebitda loss at Rs 30 crore vs Ebitda profit of Rs 102 crore (Bloomberg estimate: Rs 135.4 crore).Reported profit up 8.7 times at Rs 802 crore vs Rs 92 crore (Bloomberg estimate: Rs 106.9 crore).Earnings In FocusLife Insurance Corp of India, Oil and Natural Gas Corp, Coal India, Mahindra & Mahindra, Hindustan Aeronautics, Hindalco Industries, 3M India, Steel Authority of India, Biocon, Sun TV Network, Ipca Laboratories, Tata Chemicals, Timken India, Glenmark Pharmaceuticals, Housing & Urban Development Corp, Hindustan Copper, Shyam Metalics and Energy, Swan Energy, ESAB India, Garden Reach Shipbuilders & Engineers, PTC Industries, HMT, Edelweiss Financial Services, Techno Electric & Engineering Co, Jai Corp, TechnoCraft Industries (India), Ahluwalia Contracts (India), PTC India, Hemisphere Properties India, Time Technoplast, Kovai Medical Center & HospItal, Optiemus Infracom, Apollo Micro Systems, BF Utilities, Ashiana Housing, Foseco India, and Piccadilly Agro Industries.!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;rHindustan Aeronautics And Airbus Sign Contract To Set Up Civil MRO FacilityGIFT Nifty Signals Lower Open For BenchmarksShares in Asia fell after Jerome Powell warned interest rates may have to climb further, stunting an advance in stocks and bonds and sending investors back to the dollar.Shares fell in Australia, Japan and South Korea, while equity benchmarks for Hong Kong also declined in moves that tracked a drop for the S&P 500 on Thursday.The U.S. benchmark slipped 0.8%, ending eight days of gains—it's best run since 2021. The Nasdaq 100 fell by the same margin, and contracts for the two U.S. indexes edged lower early Friday.The yield on the 10-year U.S. bond was trading at 4.48%, and Bitcoin was above $36,000. Brent crude was unchanged at $80 a barrel, whereas WTI crude was below the $76 mark.At 8:15 a.m., the GIFT Nifty, an early indicator of the Nifty 50 Index’s performance in India was down 35 points of 0.18% at 19,387.India's benchmark stock indices swung between gains and losses to end lower on Thursday. The real estate and auto sectors advanced, whereas fast-moving consumer goods, information technology and energy shares declined.The Sensex ended below the 64,900 level, about 200 points from the day's high, whereas the Nifty slipped below the 19,400 mark, 50 points from Thursday's high.Overseas investors remained net sellers of Indian equities for the twelfth day in a row on Thursday. While foreign portfolio investors offloaded stocks worth Rs 1,712.3 crore, domestic institutional investors mopped up equities worth Rs 1,512.1 crore, the NSE data showed.The Indian rupee closed flat at 83.29 against the U.S. dollar on Thursday.Stock Market Today: All You Need To Know Going Into Trade On Nov. 10Bosch Q2 Results: Profit Jumps Over Two Times, To Divest 16.9% Stake In Hinduja Renewable. Read more on Markets by BloombergQuint.
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